Today there are about two dozen compass iPhone apps sold at the iTunes store. With yesterday’s announcement of the new iPhone 3GS (with its built-in compass app), Apple has pretty much leveled the entire market. With the speed of innovation increasing every day, no brand is safe from being made obsolete overnight.
Marketers work hard to build up brands over time. We nurture and invest in them. We promote their legacy and legitimacy. And we’ve bought into the notion that while trends may come and go, strong brands will always endure.
Perhaps that’s merely wishful thinking.
Rather than focus on how to build an enduring brand, could it be more constructive to think about what might make your brand obsolete? What societal trends, if played out over a few decades, would spell disaster for your brand? What companies outside your category could easily enter and disrupt the current balance of power?
Better yet, why don't you determine the fate of your brand? Make it disposable. Decide how and when it should die. Plan to kill it and create a new one. Make speed of innovation your ally rather than your enemy.