I just came across a fascinating development in the story of Innocent, a 10-year old company that has grown into Europe’s favorite smoothie maker.
The company sold only 24 smoothies on its first day. Now, 10 years later, they sell about 2 million a week. That’s about 100 million a year.
The company was founded on a simple idea: make it easy for people to do themselves some good with natural healthy drinks and make them taste good too. Founded by three idealistic entrepreneurs, the company touted itself from the start as a socially conscious brand with an emphasis on doing business in a way that makes the world a better place.
Consumers fell in love with Innocent’s healthy drinks and ethics.
And then Innocent entered into an agreement with a corporate behemoth – Coca-Cola – and the backlash has been immediate.
I can’t possibly tell this story better than the original sources, so please see the following:
• Not So Innocent from The Times Online.
• Can we tell you about our new minority investor? – A letter from Innocent’s founders.
Bottom line, brand fans are in an uproar. To them, Innocent is guilty. They’ve sold out, to the devil no less. “Hey, Coca-Cola is not a socially conscious capitalist like our Innocent.”
Now, we don’t yet know whether the founders’ decision to give Coca-Cola a stake in their business will backfire. All we know is that the move has stirred some passionate brand fans.
Will they remain disillusioned? I don’t know.
But I know this: brand association is powerful and should not be neglected or underestimated.
Brand associations may be positive or negative. Some may enhance your brand; others may erode it.
Innocent seems to have been prepared for a reaction, but I’m not sure if they anticipated just how strong the uproar would be.
If I was Innocent’s brand manager, I’d have mixed feelings.
But at the end of the day, I’m at least happy to see a strong reaction. I don’t want to alienate my core fan base, but I’m glad to see I truly have one. What if nobody reacted? Would that be preferable? I think not. Indifference does not a brand make!
I also would know that I have time and opportunity on my side. If Coca-Cola stands by its word to be a hands-off investor and I have all the freedom to act as I had before, then I have the chance to say and do all of the things that my brand fans have known me for. I have time to prove that I am who I say I am with or without Coca-Cola. Brands are built through consistency over time, after all.
One might suggest that Innocent’s move is nothing short of bold.
Nobody said managing brands was for the meek. One must have courage and fortitude in the business world. Your brand is living and breathing, and it’s not perfect. No brand is. You’re not always going to make the right moves in the eyes of your fan base. Some of your fans will walk away. Some will switch allegiances. You won’t always be able to stop it.
What you must do is keep moving.
Brand leadership, after all, is very much about innovation, whether it’s new product development or whole new ways of doing business. Few brands have taken or maintained a leadership position by standing still.
Innocent started with a vision… to make money, for sure, but also to help make the world a better place.
Some say they’ve sold out by entering a deal with Coca-Cola. But perhaps, just perhaps, they’re dared to take a bold step on their journey.
The founders say this step will give them more power to make a difference. They also believe the relationship may enable them to influence Coca-Cola’s practices.
Of course, our instinct is not to believe, to be cynical. “It’s a tiny thing trying to influence an enormous thing,” as an editor has noted.
But, call me idealistic, I think Innocent’s move just might actually provide them with an opportunity, a position if you will, to continue on their good way.
If we are to make the world a better place, we must take risks, cooperate, trust, seek to influence, share our perspectives, exchange ideas, etc. We need individuals to do those things. We need businesses to do those things.
Innocent’s brand ideas and values are honorable. But ideas are only ideas. Values are only values. They change nothing. It’s only when ideas and values are enacted, lived and enabled that real change is realized.
I hope the next few chapters in Innocent’s story turn the cynics into believers.