Repositioning — what is it?
Deliberately changing an existing brand’s audience, promise or competitive frame.
Repositioning is the deliberate change of a brand’s promise, audience or category frame when its current position no longer works because the market, competitors or business model have changed. A brand refresh only updates the look; repositioning changes the core of the strategy.
Successful repositioning starts with research, continues with aligning internal stakeholders and is completed by updating identity, product and communication together.
Related expertise: Brand Management