Is Chinese branding ready for a great leap forward?
Chinese branding lags far behind Chinese manufacturing.
Chinese businesses seem temporarily content to be the world’s manufacturer. That means the $6 item purchased in the US delivers to them only one dollar out of the six, far less than it delivers to the brand holders. But they will adapt, and the impact on Chinese GNP will be profound.
Yes, Lenovo is a solid and growing Chinese brand, but it’s the exception. Consider three firms who hope to gain a foothold in American and European markets: TCL, ZTE, and BYD. (Notice a pattern?)
If we were to ask you what they make, you’d likely draw a blank. If we told you they make televisions, cell phones, and hybrid cars, respectively, you might express mild curiosity. But if we asked you again tomorrow – you’d probably go blank again, trying to place those anonymous un-memorable brands. The lesson?
We suggest company naming should never be done by company owners. It requires skill sets not found in their basic business. Please read The Curse of the Three-Initial Company Name.
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