That’s the title of the book by Douglas B. Holt. “Identity brands” according to Holt, “compete in myth markets, not product markets.” By that he means:
Identity brands ... compete with other cultural products to perform myths that resolve cultural contradictions. Identity brands participate in myth markets, competing and collaborating with films, music, television, sports, and books.
Holt is describing our mediated life:
In cultural branding, communications are the center of customer value. Customers buy the product to experience these stories. The product is simply a conduit through which customers can experience the stories that the brand tells. When customers sip a Coke, Corona, or Snapple, they are drinking more than a beverage. Rather, they are imbibing identity myths anchored in these drinks. An effective cultural strategy creates a storied product, that is, a product that has distinctive branded features (mark, design, etc.) through which customers experience identity myths.
Identity branding relies on identifying a social contradication and then supplying a new myth that answers the need for individual resolution. The Coke ad with the kids on the mountainside wanting to teach the world to sing was an answer to the social division of the 60s—a message of hope and unity.
Iconic brands don’t mimic existing culture, nor do they grab on to emerging trends. They are cultural innovators that beckon to their audiences, using artistic techniques, to change how the viewers think and act. Leading trends is a superficial approach to cultural change. Iconic brands help to change culture at a deeper level, influencing how people understand themselves in relation to the nation’s ideals.
That doesn’t mean that the myth a brand forwards is not a reflection of the company’s real values. On the contrary, the company and its myth are one.
The company exists within the populist world, and the myth is an expression of the company’s ethos (as well as its fellow insiders within the populist world). Brands that rely on organizational populism develop the brand to express—in a distilled and stylized dramatization—the core ethos of the company.
In other words, identity brands have to be authentic - and charismatic.
Brands earn consumers’ respect as authentic when they deliver on two qualities: literacy and fidelity… To win over audiences with their myths, iconic brands’ communications must exude charisma - a distinctive and compelling style that epitomizes the populist world from which they speak… brand myths succeed when the brand performs the right story, which is authentically grounded in the brand’s populist world, and is executed with a charismatic aesthetic.








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