Define your sustainable branding strengths, weaknesses, opportunities and threats (SWOT)
This exercise will help you identify the key elements that distinguish your brand from your competitors. It also will help you spot any gaps and weaknesses, for an opportunity to address your improvement areas. For instance, you may be at a disadvantage if all your competitors have a social media presence and a solid, engaging web site and you don’t.
Understand
Think about who your key competitors are. They don’t necessarily have to be sustainable businesses, but make sure they share the same market space. When answering the prompts, consider the positioning and branding of the main players in your market space.
It is recommended that you review the business SWOT from section 2.2.2 of the Methodology for Green Business Model Development (or revisit, if you’ve already worked with the methodology) to see how branding is a reflection of the challenges your venture will face.
Steps
Reflect on the following:
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STRENGTHS
Identify the main advantages that would help make your sustainable business/marketing goal a reality, like unique, useful differentiators (green or social features, or a unique sustainable value proposition) as well as key resources (people, time) that will help enhance your sustainable brand. -
WEAKNESSES
Weaknesses are what your brand is missing (a professional logo, a clear sustainable slogan, high-quality materials, etc.) or your “pain points”, the things that are not going well at the moment which might be weakening your sustainable brand. -
OPPORTUNITIES
Opportunities could be content, materials, or sustainability stories your competition is not publishing or sharing, but also new trends you could caplitalize on (a rise in consumer awareness, or a millennial affinity for green brands). -
THREATS
It is important to identify which market conditions (strong competition) or target audience issues (low brand awareness) could prevent us from having a strong sustainable brand and a distinctive presence.
