DESIGNA MAGAZINE DESIGNA ISSUE III 2019 2 | Page 50

APPLE BRAND EVOLUTIONS OVER THE YEARS 1976 1977 1998 With a simple snip to the ancillary word in the brand name in 2002 (which most people didn’t use anymore), the brand was ready for new growth and opportunities. New Audience: When a company wants to appeal to a new audience, a rebranding might be necessary. Keep in mind, the rebranding might not require an actual name or logo change. �ink of McDonald’s referring to itself as MickeyD’s in commercials to target a different demographic from its traditional family audience. Relevancy: When a company realizes its brand is losing relevancy in consumers’ minds, it might be time to rebrand. �e Yellow Pages rebranding is a perfect example. With the use of printed Yellow Pages directories declining, Yellow Pages rebranded to YP and began to focus more attention on the digital space making it signi�cantly more relevant. Reactive Rebranding Other times, companies rebrand in reaction to an event that is so signi�cant that the existing brand must be changed. For example, reactive rebranding might happen in situations like the ones listed below: 2002 2007 2018 cause a company to rebrand. Trademarks are often at the root of these rebranding examples. �at’s why it’s so important to conduct an exhaustive trademark search and obtain the trademark rights to your brand name before you launch it. Competitive In�uences: Sometimes a company’s competitors’ activities can be the catalyst to a rebranding. When a competitor renders your brand useless or dated, a rebranding could help you regain a foothold in your market and give you the facelift you need to effectively strike back. Negative Publicity: Remember a company called Andersen Consulting? It was part of a larger company along with the accounting �rm Arthur Andersen that was tied to the collapse of Enron. Andersen Consulting was granted independence from its parent company in 2000, and on New Year’s Day 2001, the consulting company was reborn as Accenture, representing a great example of effective rebranding in response to negative publicity. Merger or Acquisition: When companies merge or acquire other companies (and even when they break apart), rebrandings are often required. �at’s how we’ve gotten brand names like Pricewaterhouse Coopers and Bank of New York Mellon. When AT&T broke up into three separate companies in the late 1990s, Lucent Technologies was born. �ese types of rebrandings are very common and often go through multiple iterations. Legal Issues: �ere are a number of different legal issues that could 50 D E S I G N A | May - June 2019 Andersen Consulting Accenture Logos Whether it’s your own strategic goals or macro- environmental factors that necessitate a rebranding, realizing that it might be time to rebrand is just the preliminary step in the rebranding process.