Company naming
reaches a new low:
Deloitte Consulting goes out on an
old corporate branding limb.
LONDON,
July 20, 2002. Deloitte Consulting announced today they are changing their
name -- to Braxton. In the off chance the reasons for this decision escape
you, Deloitte explains it all in a Top
Ten List on their website.
Let's have a look see -- our
comments are in bold:
- Deloitte Consulting's ownership
of the Braxton trademark is derived from our firm's acquisition in 1984
of a distinguished international management consulting firm. True.
- The choice of Braxton as
our new name is consistent with our brand values because it is just
the type of smart, practical solution that we would recommend to our
clients. "Smart and practical" defined below.
- Because Braxton is a trademark
that our firm currently owns, we will be leveraging an existing asset
rather than starting from scratch. This makes the choice of Braxton
practical, sensible, and cost-effective. Hmm
wouldn't keeping
the name Deloitte be even more practical, sensible and cost effective?
- Because Braxton is a human
name, it is timeless. It can be easily infused with new meaning as our
business strategy evolves over time. Ouch. Braxton is the name of
a human, not a human name. Human names have human characteristics, such
as personality, point of view, depth, meaning, wit, warmth, charm, controversy,
intelligence, opinion, emotion. Examples are: Apple, Monday, Fannie
Mae, Oracle, Sun, Virgin. An example of a human's name would be, oh...Andersen?
- The choice of Braxton instead
of an invented name represents a restatement of our pride in the consulting
profession and our commitment to it. We are not trying to distance ourselves
from consulting like some of our competitors - rather, we are embracing
it. An interesting strategy, demonstrating pride in who they are
and their refusal to distance themselves from it, by adopting an alias.
- Braxton represents a welcome
return to common sense and a departure from the increasingly predictable
tendency toward coined, invented, and whimsical corporate names. We
are delighted to buck the trend. Yet apparently happy to follow the
herd where it matters most -- changing the name.
- Braxton has an inherent
stature appropriate for the world's largest privately-owned, full-service
consulting firm and provides a solid foundation for communicating our
position in the marketplace. Good. As long as their positioning is
meant to communicate "inside the box wallflower." Your guess
is as good as ours.
- Braxton is globally resonant.
Among the 40 short-listed names we tested in international markets,
Braxton performed the best in terms of its linguistic acceptability
and ease of pronunciation. The name evokes positive associations in
all the markets and languages in which we operate. Clearly, it evokes
positive associations. Let's note some of them. We'll help you get the
creative juices flowing by starting a list, you should be able to come
up with at least two more on your own. Here we go:
Toni
Braxton -- she's a hottie!
Braxton
Bragg, Confederate Army General
Braxton
Miniatures -- makers of dollhouse accessories.
Braxton
Hicks -- false labor contractions during pregnancy.
Take it and run with it!
- Braxton was suggested by
a significant number of our own people. It was recommended more times
than any other single name suggestion. It was also recommended by our
agency partners Interbrand and C2 as a powerful and compelling brand
solution. Now they have gone too far, outing their employees, Interbrand
and C2 as fear-driven lapdogs. Or maybe they are just all folks with
a passion for vanilla ice cream. Valuable insight for prospective clients.
- In our research, we found
that Braxton still carries positive equity in the market. Therefore,
we will need to invest less money to get it established than other possible
names. Keep in mind, we are talking about the same research standards
that produced items 1-9.
The
most troubling part of this document is not contained in any of the "points"
it bumbles through, but rather the attention it brings to the way the
mind of "Braxton" twirls. It's all about engineering the rationale
and research to explain and justify their work. Good work stands on its
own merits.
But, of course, you can't charge
as much for that.
Think we're being too hard
on Braxton? Check out the animation
on their website, where they make fun of their competitors' names, including
a stab at their more confident rival Monday.
|