How can you turn a brand identity crisis into a brand management opportunity?
A brand identity crisis is a situation where a brand loses its relevance, reputation, or differentiation in the market. It can be caused by various factors, such as changing customer preferences, competitive pressures, negative publicity, or internal misalignment. A brand identity crisis can damage your brand equity, loyalty, and profitability. However, it can also be a catalyst for positive change and innovation. In this article, you will learn how to turn a brand identity crisis into a brand management opportunity by following six steps.