More from the Author

• Case | HBS Case Collection | April 2019

  Kraft Heinz: The $8 Billion Brand Write-Down

  Jill Avery

  On Friday, February 22, 2019, following an unexpected and disappointing earnings report, The Kraft Heinz Company’s stock price fell 27%, wiping out $16 billion in market value. CEO Bernardo Hees had announced that the company had taken a $15.4 billion asset write-down, that the company would be cutting its annual dividend from $2.50 to $1.60 and that it was under SEC investigation for accounting irregularities related to its procurement process. $8.3 billion of the asset write-down was related to a loss in value of the firm’s intangible assets, specifically its Kraft and Oscar Mayer brands. As Kraft Heinz looked ahead to the future, it was time to recalibrate its brand management strategies. With $50 billion in brand assets remaining on its balance sheet, effectively managing its brands going forward was critical to avoiding another brand asset write-down and to regaining the $8 billion brand value the company had just lost. Was Kraft Heinz's brand asset write-down the beginning of the end of the market dominance of "Big Food" brands across the board or was it idiosyncratic and a result of the firm's brand management resources, capabilities, and strategies?

  Keywords: brand management; Brand Value; Brand equity; marketing ROI; brand storytelling; Intangible assets; Marketing; Marketing Strategy; Brands and Branding; Management; Corporate Strategy; Consumer Behavior; Food; Marketing Communications; Advertising; Private Equity; Consumer Products Industry; Food and Beverage Industry; United States; North America;

  Citation:

  Avery, Jill. "Kraft Heinz: The $8 Billion Brand Write-Down." Harvard Business School Case 519-076, April 2019.  View Details

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• Case | HBS Case Collection | December 2018 (Revised March 2019)

  Branding and Politics: Nike and Colin Kaepernick

  Jill Avery and Koen Pauwels

  Nike's selection of politically polarizing Colin Kaepernick as the spokesperson for the thirtieth anniversary of its iconic "Just Do It" campaign catapulted the brand into the media spotlight and made it a political flashpoint for consumers across America. Would the choice of Kaepernick positively or negatively affect Nike's business results or just generate a lot of social media chatter? As Nike's management team watched some people burn their sneakers in protest on YouTube and others applaud the company's behavior on Facebook, they wondered whether inserting Nike into the middle of a heated political debate was the right thing to do or the most reckless action Nike's brand stewards had ever taken, putting Nike's $30 billion brand asset at risk? After all, on social media, it was easy to say that one would boycott or buycott a brand due to one's political beliefs, but in the marketplace, other purchase criteria often reigned supreme.

  Keywords: social media; digital marketing; entertainment; politics; activism; Brand equity; Marketing; Marketing Strategy; Brands and Branding; Marketing Communications; Sports; Advertising; Apparel and Accessories Industry; Sports Industry; Consumer Products Industry; United States; North America;

  Citation:

  Avery, Jill, and Koen Pauwels. "Branding and Politics: Nike and Colin Kaepernick." Harvard Business School Case 519-046, December 2018. (Revised March 2019.)  View Details

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• Technical Note | HBS Case Collection | January 2019 (Revised March 2019)

  Brand Storytelling

  Jill Avery

  Marketers have long appreciated the value and power of storytelling. Stories fill brands with resonant and relevant meaning and empower brands to serve as critical elements in the lives of consumers. Mastering the art of brand storytelling is an increasingly important part of managing brands in the contemporary brandscape, as today, we live in a world filled with an ever-expanding panoply of physical and virtual media spaces and places within which to create and tell stories with and to our consumers. This technical note outlines how and why consumers respond to brand stories, illuminates the four elements that make up good stories, discusses the use of archetypal plots and characters and other storytelling appeals, and provides guidance and a template for creating resonant, relevant, authentic, and differentiated brand stories.

  Keywords: brand communication; brand management; brand storytelling; Marketing; Marketing Communications; Brands and Branding; Marketing Strategy; Advertising; Consumer Behavior; Consumer Products Industry;

  Citation:

  Avery, Jill. "Brand Storytelling." Harvard Business School Technical Note 519-049, January 2019. (Revised March 2019.)  View Details

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