With every passing year, increasing numbers of Millennials are becoming both your customers and your employees. More than anything else, this generational cohort values the cultures of the businesses that employ them and from whom they buy products and services. If you’re not already focusing on solidifying your company’s brand and culture and communicating it consistently across all channels, your enterprise is sure to fall behind.
Not so long ago, little or no attention was paid to the concept of a company’s culture. People worked at or bought things from a business because the company was there at the time and met their needs. It wasn’t that loyalty didn’t exist, but it certainly did not have the magnitude it does today, nor was it so intrinsically connected to a store’s brand identity.
That identity is wrapped up in your company’s core values and mission. In simple terms, it’s the answer to the question, “Why are we here, what is important to us and what separates us from our competitors?” When you have established your “who,” your “why,” and your “what,” and can bring them to life for your stakeholders, people who agree with your mission will be highly motivated to join your team, buy your products and spread the word about your business.
Taking the time to forge your company’s culture still may seem like an undertaking that’s not exactly worth your time. If you need more proof of why you should intentionally set out to mold your brand identity, consider the following advantages that doing so will bring to you, your employees and your customers.
A clear and robust company culture helps to keep you on a straight and consistent path even as your business grows and changes over time. Ongoing articulation of your core values ensures that you are much more likely to weave them into the fabric of any evolutions that your business undergoes.
Taking your business global gives you exciting opportunities to expand your customer base and introduce your brand and merchandise to an entirely new group of people. As you set the stage to serve customers abroad, however, it is vital to remember that your company culture remains as important as ever. The challenge will lie in communicating it to potential clients who may be coming from a very different point of reference.
Don’t get us wrong; we’re not saying you should downplay or abandon your brand identity. The reality is that your culture may turn out to be your greatest strength, the thing that differentiates you from competitors in the local area. However, you need to come up with a way to communicate your mission and values to your foreign customers in ways they understand.
Unless you have spent years living in your new sales area, chances are good that you will be less than effective in figuring out how to communicate your brand and culture in ways that will inspire foreign customers. Your best bet is to invest in hiring a local consultant skilled at sounding out potential buyers. They will be much more equipped to know about local preferences and mindsets that may differ from yours and could cause your message to get lost in translation.
Your brand identity is the expression of what you see as most important. It drives you to excel, and it elevates you to a different level from your rivals. Do what is necessary to establish, nurture and promote this culture now, and you, your staff and your customers will soon reap the benefits.