Widely acknowledged research from McKinsey shows that companies that are creative leaders outperform their peers on key financial metrics. Using creative awards as a measure, they found that of companies who were the most highly decorated over a 15 year period 67% had above-average organic revenue growth, 70% had above-average total return to shareholders, and 74% had above-average net enterprise value. So in other words, creativity pays.
For a brand, this creativity might manifest first of all as a logo, tone of voice, a typeface, a colour palette, its visuals, its copy-writing. How it asserts itself in its marketplace. It’s how all of these visual and written ingredients come together and connect with your audience or users that builds your brand. Think of the richness in the exceptional conceptual and executional quality of the Channel 4’s recent rebrand. Through a clearly defined lens of knowing who they are, it is equally clear in the audience's mind who Channel 4 is and what defines them, their values, what they represent. Their programming, the service they deliver, their tone of voice, the idents, the design system - it all aligns. Now think of Musk and ‘X’. I’ll let you draw your own conclusion there.