There have been brands and then there have been BRANDS. There are those about which books are written, around which theories are propounded and then there are those that people just desire. The brands that are meant for few. Their very distance is what increases their appeal. The harder to own the more desirable they are.
These brands span industries and product/service categories. From diamond to a perfume, clothing to cars categories have a brand that is to die for. What all of them bring with them is a pride of association.
The business of education is no different. There are universities, colleges and schools that are brands. We must have, as students, parents, employees, entrepreneurs, friends we have always looked up to, been in awe of, given better treatment to people because of their alma mater.
If you step back, these are brands that have been built on performance. Over time as more and more alumnus of these institutions succeed the higher they climb. The other parameter also has been how easy or difficult it has been to become a part of these brands. More than any other thing the respect for these institutions emerges from the knowledge that only the capable are deemed deserving. This perhaps is the fundamental premise on which the promise of delivery rests.
A recent conversation with friends over dinner brought to the fore how the parameters of assessment have changed. The reference of course was to schools in and around the capital city. If you are a parent trying to get your child admitted into school or have undergone the process (read trauma) in recent years you will have your strong views about it too.
The opposing arguments in the debate rested on performance on one side and promise on the other. Now perceptions can be founded on either. This is where branding comes in I suppose.
There have and will always be top ten lists and rankings based pretty much anything ranging hearsay to actual surveys. We may choose to use or trash them but sure as the sun shines we seldom ignore them. Unfortunately, in the Google age they are the chosen method of settling an argument.
Several “world” schools and “international” schools have come up in and around Delhi in the past 10 years or so. There are quite a few that get counted amongst the finest and the best. Brands in their own right. Brands that are desired. Brands that signal the formation of a new order.
The founding pillars of these brands (institutions) are not past performance. Truth be spoken they have hardly been around long enough to establish a track record or to claim their share in the greatness of the alumni. Yet they are desired. What then is the formula for their success?
A professor once told me this and it stuck. Brands can be made desirable or aspirational by pressing any or all these levers that drive brand perception.
Product: Brands that become aspirational not on their steam but the virtue of the product itself. Example brands producing diamond jewelry.
Process: Brands that create products or services with the help of a unique ingredient or exclusive process. The “Nobody does it the way we do” promise. Example The Rolls Royce, A Breitling watch, Häagen-Dazs ice-cream.
Performance: Brands that deliver in the superlative space putting them at the top of the heap because not many can match the performance. The first, the fastest, the widest, the best…in short superlative. Example super luxury automobiles
Premium: Well it’s not just the price that we are talking of here it is anything extra even the wait. Typically it is an associated P and a brand that has any of the P’s mentioned above as its rai·son d’être would automatically attract a premium. However, there have been examples of brands that have relied on a premium alone to drive the perception of superior quality. The service industry has a few examples in restaurants and spas that rely on pricing themselves high to drive the perception of exclusivity.
Question is as the new world schools lay their brickwork which one of the 4P’s is driving their desirability? For now though, it doesn’t seem to be performance.
As Einstein said Education is what remains after one has forgotten what one has learned in school.