Whatever way you look at it, rebranding is vital in establishing a new market position — but it is also risky. A rebrand is not only expensive to create and launch, but stakeholders may also resist a rebrand because of how a change will impact them. A mediocre rebranding attempt can result in brand confusion and ultimately depreciate the brand. A rebrand requires careful planning and clear and specific messaging for stakeholders.
The importance of the corporate brand has become increasingly evident in the world of advertising. According to Kantar Media, corporate brand advertising rose 17 percent in 2012 when compared with the previous year, even though total ad spending rose just 3 percent.