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The Bold Group: Leading with purpose

Bold Brands’ Rashad Moglbay talks empathy, trust and genuine partnerships

When the egg breaks from the outside in, it is merely food; but when it breaks from the inside out, it signifies life.

In branding, you are constructing from the inside, and when it breaks outward, what emerges is the life, its purpose and mission, expressed through the visual and verbal experience you create and how you engage through branding.

This metaphor aptly describes today’s brand landscape, where one of the most critical attributes for success is being leading with purpose.

In the heart of the bustling metropolis of Riyadh, where modernity converges with tradition, Saudi Arabia’s branding and communication industry is undergoing a profound transformation.

This change, fueled by the evolving demands of clients and the shifting preferences of Saudi consumers, presents challenges and opportunities as the industry strides towards a bold new future.

Decades of traditional tastes and consumption are evolving into a vibrant pursuit of life and experiences.

Today’s Saudi consumers seek brands that resonate with their values and aspirations, compelling communication companies to swiftly adapt to these ever-changing currents of consumer sentiment.

Image credit: Unsplash

Empathy, trust and genuine partnerships

Moreover, clients are redefining their expectations. They crave more than services; they seek empathy, trust and genuine partnerships.

Agencies have evolved from mere vendors to trusted advisors, navigating clients through the complexities of an evolving market. This shift demands not only a commitment to quality but also a focus on differentiation and competitiveness at local, regional, and global levels.

Amid these changes, the importance of purpose in branding is more pronounced than ever. For instance, many successful brands resonate with consumers not just as products but as representations of their beliefs and values, whether it’s through social responsibility, innovation, or cultural alignment.

Similarly, Saudi brands must now establish such connections that align with the ambitions of the Vision 2030 initiative, setting a new standard for what the nation can achieve.

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Leading with purpose allows brands to connect with consumers on a deeper level. This strategy starts with the ‘why’ – focusing on the brand’s purpose rather than just the products and services it sells. This approach not only defines a brand’s success by its market share but also by its impact and the path it carves within the industry.

“Today’s Saudi consumers seek brands that resonate with their values”

Attracting and retaining talent

As Saudi Arabia’s agency model experiences a renaissance, the surge in demand for specialised services, coupled with the influx of major international players, has spurred local agencies into action. This influx demands a skilled workforce adept at navigating these new challenges and opportunities.

Yet, attracting and retaining such talent remains a challenge, as the industry requires individuals who not only possess necessary skills but are also driven by the same purpose that propels the brands they represent and who align with the high aspirations of the Vision 2030 generation.

When we engage in branding, we work not just on a company’s vision and mission but also on its purpose. This third element should not be seen as a mere technicality but as the fuel driving the brand towards its destination.

It’s a long-term commitment, as exemplified by global giants like Coca-Cola, which, despite selling only six bottles a day at its start, remained driven by purpose rather than immediate sales. Had they been solely sales-driven, they might have shut down operations within their first year.

Image credit: Unsplash

Sustainability, innovation, and cultural enrichment

An excellent example of long-term commitment is Saudi Arabia’s Vision 2030. The vision emphasises sustainable development, innovation, and cultural enrichment, representing a steadfast dedication to creating a thriving future for the nation.

By committing to these long-term goals, Saudi Arabia illustrates how a clear and enduring purpose can drive significant progress and achievement, much like the purposeful approach needed in effective branding.

Saudi Arabia’s advertising and communication industry, as it embraces these changes, stands at the dawn of a new era filled with possibilities.

This journey is marked not only by the challenges it presents but also by the immense potential it holds. By embracing the tides of change and leading with purpose, the industry does more than adapt; it pioneers a narrative that captures the ambitions and aspirations of a nation.

Each step forward brings Saudi Arabia closer to realising its vision on the global stage, setting the stage for a dynamic and influential Saudi presence.

Brands that navigate this landscape effectively, driven by a clear purpose, are at the forefront of this transformation, heralding a new dawn of possibility and growth.

By Rashad Moglbay, General Manager at Bold Brands, part of The Bold Group