Brands should consider the pitfalls of hitching themselves to the purpose wagon

The authenticity craze and ‘millennials’ obsession has led brands to overplay their hand, and confuse the need to stand for something genuine with a desire to stand for something worthy, writes Kate Richardson in this excerpt from Eat Your Greens.

Too many brands are making the mistake of orienting themselves around a lofty, higher purpose that goes beyond the goal of profit, straying too far from their unique value and the realm of their category. Brands are getting distracted by standing for [insert important or worthy or socially conscious aspiration here] at the expense of standing for something relevant in the mind of their audience. In trying too hard to be responsible and caring, they’re coming across as tediously homogenous and utterly disingenuous.

All the hoo-ha about authenticity, the hype around social media and prevailing discussion in the marketing community, instigated by leaders like Paul Polman and Jim Stengel, have created a false sense of the importance that (most) brands play in our lives. The fashionable discourse on beliefs and purpose has given rise to the idea that even the most innocuous of products need to create important meaning in our lives, and bring us closer to what really matters, regardless of the real role the product occupies in daily life.

Jim Stengel’s Grow argued companies that subscribe to a ‘Brand Ideal’ significantly outperform their competitors. For his research, he chose the 50 top brands from Millward Brown’s database of 50,000. He then identified the common link in their superior share price growth as a purpose designed to improve the lives of others. While the methodology has been discredited, most notably by Byron Sharp and Richard Shotton, the mud has already stuck. And some of the top names in our industry have been evangelising the prosperity in purpose ever since.

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