We track how we are performing externally via Brand Finance’s annual ranking of Japanese brands and various customer-focused metrics as follows. They measure the strength of a brand and are important for B2B companies, where they directly influence supplier selection and the fostering of long-term business relationships.
- Trust: The degree to which customers and business partners trust our brand
- Awareness: How well we are recognized in the market
- Preference: The degree to which customers prefer our brand over competitors
- Recommendation: How likely customers are to (keep buying from us and) recommend us to others.
We also measure internal brand alignment, employee engagement and how familiar stakeholders are with our website. We will continue monitoring both external and internal metrics to assess the effectiveness of our brand-building activities in enhancing brand image and trust and employee brand loyalty.