Opinions expressed by Entrepreneur contributors are their own, highlighting the importance of rebranding as a process that goes beyond just logo and slogan changes, impacting the entire business trajectory. Key steps include understanding the need for rebranding, assessing brand health, defining objectives, conducting research, involving stakeholders, developing a brand strategy, crafting a unique brand story, redesigning visual identity, implementing and rolling out the rebrand, and monitoring and evaluating its effectiveness. Challenges such as internal and external resistance, financial constraints, maintaining brand equity, and legal considerations should be addressed to ensure a successful rebranding process.
Full Article
Texas May Rename the New York Strip
Lt. Gov. Dan Patrick of Texas proposed renaming the New York strip steak to the Texas strip in an effort to promote his state's cattle industry, sparking controversy among meatpackers and steakhouses in New York who are reluctant to adopt the new name. The origins of the term "New York strip" are tied to Delmonico's and are deeply rooted in American culinary history, leading many to resist the proposed rebranding. Despite Mr. Patrick's efforts, industry...
Read more