A brand can therefore be said to be a person’s gut feeling about a product, service or company. Consequently, brand management is the management of differences, not as they exist on data sheets, but as they exist in the minds of people.
One study found that whilst most UK universities could be considered distinct, few were seen to have fully-formed brands. The institutions identified as having ‘successful’ brands were those considered to have a clear vision and purpose in place for some time. However, societal shifts have been a catalyst for change within the higher education marketplace, signalling that brand reappraisal could be beneficial to all institutions to ensure their continued relevance.
Realigning identity
Many brands have already taken steps to realign their identity. News columns have been filled with articles on Twitter’s rebranding to X, to embody Elon Musk’s vision of turning the news-led app into a ‘super app’. Crocs also made its comeback, with investment into collaborations with relevant influencers and the addition of personalisation – two factors that made the footwear brand go from ugly to iconic amongst its Gen Z target audience. These announcements provide a nudge to all business leaders, including those within higher education, to examine branding trends and ensure they are best placed to deliver amidst evolving conditions, social norms and consumer attitudes.
Nanyang Technological University Singapore (NTU Singapore) is a prime example of a young university who are excelling in building a strong identity. The institution has invested in digital technologies, like AI, to align with its sustainable and ‘smart philosophies’. Partnerships with the likes of Rolls-Royce, Volvo and Delta Electronics, mean that NTU Singapore is able to communicate its green, clean energy goals to its stakeholders globally.
Furthermore, its campus has been consistently voted as one of the world’s most beautiful and is made up of a staggering 57 Green Mark-certified building projects across 230 buildings. This demonstrates NTU Singapore’s commitment to sustainability beyond research and has contributed to a strong reputation built on relevant, ethical principles. NTU Singapore’s green decision-making makes the university a strong contender on the global stage in terms of brand and reputation, despite being less than 50 years old.
Future proofing
Whilst higher education has evolved in recent years to counteract market saturation and the overcrowded marketplace born of globalisation, much university branding relies on an outdated model driven by short-term results, like student numbers. Similarly, institutions often find themselves fixated on rankings to measure success, but it is crucial to remember that true reputation cannot be so easily manipulated.
We propose a new approach driven by the longer-term rewards of competitive advantage and continued profitability to future proof the sector: