The public perception of a brand is a big factor in a consumer’s decision to choose one brand over another. Any affirmative (or negative) views held by the public will come as a result of the entire context of the brand in the public's eyes. The objective is to clearly communicate and deliver upon what your brand stands for in order to become well known for that thing in a flooded marketplace.
When done effectively, it means a potential customer will require the least amount of guess work in determining what is being offered, and whether that product or service is the one for them - the choice will simply be obvious. When your brand is able to communicate what you stand for and deliver upon it time and time again, that is your brand perception.
Kodak is a company that has been extremely successful in its time, growing its brand to iconic status in the heyday of the film industry during the 1970’s and 80’s. Pretty much everyone who knew and recognised Kodak’s gold colour and iconic red ‘K’. The brand was an exemplar of the instantaneous positive reaction amongst its demographic.
By the mid-2000’s the company had begun to suffer dramatically from the inability to evolve with the times. As a former industry-leader in analogue photography, Kodak’s attempt to excel in the digital age continually saw it falling one step behind the likes of Canon, Nikon, and even Fuji Film, who were creating far more relevant products for the changing market. Kodak’s brand perception was deteriorating.
As an attempt to combat the fact that Kodak was now seen to be outdated by its competitors, they decided to bring their brand into the 21st century with a modern identity that would distance them from their no-longer-relevant film era perception. The logic behind the move made perfect sense, Kodak wanted once again to be known as an industry leader in the digital age, and they established the right kind of visual aesthetic to claim that space.
The problem however, was that simply a “new” look would not be enough to reinvigorate a valuable customer perception of the brand. Whatever potential the new look had, was completely diminished by the fact that by and large, the product still didn’t live up to the expectations that came along with the former Kodak name. As a result, in January 2012 the company was forced to file for bankruptcy. They restructured and appeared a year later with a plan to reclaim their former positive brand perception.
In 2016, Kodak revealed a re-brand once again. The move was to re-instate an updated version of their 1970’s and 1980’s logo with the strategy to leverage a sense of retrospective loyalty that remained within the consumer-sphere from the company’s apex era.
With the move came an automatic positive brand perception among consumers that the company had already built during the most successful period of business. Though it might seem counter-intuitive, abandoning the 2006 “modern” brand image associated with the company's least successful period, and attempting to restore the name to its former glory was the best option available.
Only time will tell whether Kodak now has the ability to innovate and live up to consumer expectations given their second chance at life, and cement their positive brand perception at the top of the industry once again.