New logo - yes or no?
Swiss Life has changed its logo following turbulence. ABB has kept its logo despite the crises. But its credibility is not yet back.
Swiss Life has changed its logo following turbulence. ABB has kept its logo despite the crises. Logos are business cards, which is why companies are well advised not to change their logos like they change their shirts. ABB held on to its logo despite a dramatic crisis with billions in losses and rip-off scandals; Rentenanstalt, on the other hand, gave itself a new image with a fresh logo after severe turbulence. Unbalanced balance sheets and dubious, secret capital transactions by the resigned management shook the foundations of the once rock-solid pension insurer and damaged its public reputation. When it was founded in 1857, "Schweizerische Rentenanstalt" chose a Swiss cross in a patriotic halo as its logo, in keeping with the taste of the time. The pension company, which was organized as a cooperative, modernized its logo in several stages; in 1907, the Swiss coat of arms was surrounded by an oak wreath and advertised with Winkelried's quote: "Take care of my wife and children."
Several logo variants with the Swiss cross and cantonal coat of arms document the company's deep Swiss roots. Rentenanstalt was a national institution like AHV, SBB and Swissair. In 1978, the elongated double logo "Rentenanstalt/Swiss Life" was introduced - an unsatisfactory compromise.
1995 saw the dawn of a new era, as CEO Manfred Zobl transformed the cooperative into a public limited company, made one hundred
The company turned thousands of cooperative members into shareholders, thus doubling the number of shareholders in Switzerland. The hitherto cautious and risk-conscious insurer dazzled competitors and shareholders with a firework display of acquisitions. In quick succession, Swiss Life/Rentenanstalt bought Banca del Gottardo in Ticino from a Japanese bank, acquired the French private insurer Lloyd Continental, Schweizerische Treuhandgesellschaft and several other companies in Switzerland and abroad.
With around 200 consolidated companies worldwide, Swiss Life was now the leading international provider of collective pension products. The share price reached stratospheric heights at the turn of the millennium. But then, with the stock market crash, the Bengal light went out and Swiss Life/Rentenanstalt turned out to be an ailing general store that was urgently looking for buyers for its overpriced acquisitions. The stock market value of the blue chip plummeted to a tenth of its peak. The CEO, who had come under fire, and his CFO resigned under the barrage of a hostile press. Rolf Dörig, the new CEO of the Swiss Life Group, succeeded in turning the company around and rebuilding trust by concentrating on its core business.
At the beginning of 2004, the Group launched the optimistic new "Swiss Life" logo; the addition "Rentenanstalt" was dropped. The three cheerfully fluttering red flags - one adorned with a white cross - would also look good on a tour operator or sailing club. The logo radiates something cheerful, in sharp contrast to the worries that many people have about falling minimum interest rates and shrinking pensions.
"The brand change is a signal of a new beginning, both internally and externally," explains Andreas Hildenbrand, Head of Group Communications, in the employee magazine "Life".
With the advertising campaign for the launch of the new brand, the image makers address the vicissitudes of life. "I wanted to be a tamer once," reads a poster featuring a happy, beaming car mechanic, for example. "Everyone has plans, but life doesn't always stick to them," the copywriter came up with. Swiss Life can sing a song about wilted dreams - and recommends itself for pension provision.
ABB, another crisis-ridden Swiss blue chip that seemed to be built on rock, was created in 1988 from the merger of the traditional Swiss company Brown Boveri and the dynamic Swedish company Asea. Management, gurus and the media celebrated ABB as the "model company of the nineties". With the charismatic leader Percy Barnevik and the technological innovations of BBC, the future seemed to belong to the company.
The ABB logo defies the crisis
The choice of logo did not take long, because Tempo
was one of the Group's trademarks. The Swiss managers favored the "BBA" logo to signal the weight of the BBC in the merger company, which the Swedes did not accept.
were rejected, however. The Swiss Chairman Leutwiler agreed to "ABB", but in return insisted on Zurich as the company's headquarters.
The renowned London agency Pentagram, which specializes in corporate identity, designed the ABB logo and the new image system for the group in a very short time for 25,000 British pounds. During our visit to the creative workshop on the Thames in 1989, agency owner Alan Fletcher, co-designer of the ABB logo, explained: "The mystique was missing from this job, everything had to be clear and transparent, but then it's no longer interesting."
Unable to speak to either CEO Barnevik or President Leutwiler, Fletcher concluded that ABB's top management was oblivious to the profound value of a corporate identity.
Nevertheless, the three letters made an immediate impact; never before in business history has a logo established itself so quickly. "ABB - global and local" was one of the ingenious advertising slogans of the trend agency Saatchi & Saatchi, which created the international campaigns for the new electricity giant.
The core business sold offABB quickly amassed a hundred companies of all calibers in a wild buying spree - there are parallels to the
Rentenanstalt. The companies were hardly ever really integrated, and
Some turned out to be real cuckoo's eggs. First and foremost was the American company Combustion Engineering, which later brought ABB billions in asbestos lawsuits and drove the Group to the edge of the abyss. The heavily indebted ABB sold off its core business, power plant construction, which had achieved global renown under Brown Boveri, and divested its traditional locomotive manufacturing operations, along with a number of other business areas.
But the ABB logo survived all crises, including the revelation of the huge pension payments secretly transferred by CEO Barnevik and his successor Lindahl. Even when ABB's share price plummeted from a high of almost 55 francs to 1.41 francs in less than two years, the replacement of the logo was not an issue, although the three letters were now tainted with a reputation for mismanagement and betrayed visions.
The compact ABB logo is still strong and present in the world of electrical engineering, thanks to the Group's still innovative technology. However, brand specialists say that after the amputation of important business areas such as power plant construction, it is no longer clear what the logo actually stands for. However, changing the ingenious combination of letters or repainting the logo was not an issue for those responsible even in ABB's darkest days.
Cosmetics aren't everythingAfter severe turbulence, Swiss Life has flushed the 150-year-old "Rentenanstalt" from its logo. The term obviously no longer carries a stigma, as it resonates with the dirty word "pension theft", for which the company is not entirely innocent ... The freshly launched, somewhat overly cheerful brand logo attempts to draw a line under this and signals a new beginning with the slogan: "Ready for the future."
In order to regain credibility with customers and investors, major efforts will be required at all levels for a long time to come. This applies to both Swiss Life and ABB - with or without cosmetic changes to the company's image.
Werner Catrina, the author of the books "BBC. Splendor, Crisis, Fusion" (1991)
and "ABB. In "Die verratene Vision" (2nd edition 2004), he reflects on the logos of ABB and Swiss Life.
Neither ABB nor Swiss Life figure in the top 100 most valuable brandsBusinessWeek publishes together with Interbrand, the global
leading brand consulting firm, for the fourth time in a row the
Ranking of the 100 most valuable brands in the world.
The top ten brands are Coca-Cola, Microsoft, IBM, General Electric, Intel, Disney, McDonald's, Nokia, Toyota and Marlboro.
The clear winners of this year's ranking are brands that have managed to build close customer relationships with their products and services and create a high level of identification with the brand.
Four of the top five winners are brands from the technology sector, while established brands such as Coca-Cola, Microsoft, Disney and Nokia lost brand value.
Neither ABB nor Swiss Life feature in this world ranking. ABB is still well-known in the international world of electrical engineering, but to make it into the top 100, the broad impact of the
international consumer goods industry, which is also essential for Swiss Life, an insurance group primarily focused on Switzerland.
goes off.
The first Swiss brand in the Top 100 is Nescafé in 23rd place, followed by
UBS, which was not on the list last year, follows in 45th place.
Nestlé (rank 62) and Rolex (rank 70) are other Swiss brands among the world's most valuable brands.
Despite a dramatic crisis, losses in the billions and scandals involving rip-off artists, ABB has stuck to its logo to this day.
Swiss Life launched the streamlined new logo at the beginning of 2004.
Werner Catrina
Several logo variants with the Swiss cross and cantonal coat of arms document the company's deep Swiss roots. Rentenanstalt was a national institution like AHV, SBB and Swissair. In 1978, the elongated double logo "Rentenanstalt/Swiss Life" was introduced - an unsatisfactory compromise.
1995 saw the dawn of a new era, as CEO Manfred Zobl transformed the cooperative into a public limited company, made one hundred
The company turned thousands of cooperative members into shareholders, thus doubling the number of shareholders in Switzerland. The hitherto cautious and risk-conscious insurer dazzled competitors and shareholders with a firework display of acquisitions. In quick succession, Swiss Life/Rentenanstalt bought Banca del Gottardo in Ticino from a Japanese bank, acquired the French private insurer Lloyd Continental, Schweizerische Treuhandgesellschaft and several other companies in Switzerland and abroad.
With around 200 consolidated companies worldwide, Swiss Life was now the leading international provider of collective pension products. The share price reached stratospheric heights at the turn of the millennium. But then, with the stock market crash, the Bengal light went out and Swiss Life/Rentenanstalt turned out to be an ailing general store that was urgently looking for buyers for its overpriced acquisitions. The stock market value of the blue chip plummeted to a tenth of its peak. The CEO, who had come under fire, and his CFO resigned under the barrage of a hostile press. Rolf Dörig, the new CEO of the Swiss Life Group, succeeded in turning the company around and rebuilding trust by concentrating on its core business.
At the beginning of 2004, the Group launched the optimistic new "Swiss Life" logo; the addition "Rentenanstalt" was dropped. The three cheerfully fluttering red flags - one adorned with a white cross - would also look good on a tour operator or sailing club. The logo radiates something cheerful, in sharp contrast to the worries that many people have about falling minimum interest rates and shrinking pensions.
"The brand change is a signal of a new beginning, both internally and externally," explains Andreas Hildenbrand, Head of Group Communications, in the employee magazine "Life".
With the advertising campaign for the launch of the new brand, the image makers address the vicissitudes of life. "I wanted to be a tamer once," reads a poster featuring a happy, beaming car mechanic, for example. "Everyone has plans, but life doesn't always stick to them," the copywriter came up with. Swiss Life can sing a song about wilted dreams - and recommends itself for pension provision.
ABB, another crisis-ridden Swiss blue chip that seemed to be built on rock, was created in 1988 from the merger of the traditional Swiss company Brown Boveri and the dynamic Swedish company Asea. Management, gurus and the media celebrated ABB as the "model company of the nineties". With the charismatic leader Percy Barnevik and the technological innovations of BBC, the future seemed to belong to the company.
The ABB logo defies the crisis
The choice of logo did not take long, because Tempo
was one of the Group's trademarks. The Swiss managers favored the "BBA" logo to signal the weight of the BBC in the merger company, which the Swedes did not accept.
were rejected, however. The Swiss Chairman Leutwiler agreed to "ABB", but in return insisted on Zurich as the company's headquarters.
The renowned London agency Pentagram, which specializes in corporate identity, designed the ABB logo and the new image system for the group in a very short time for 25,000 British pounds. During our visit to the creative workshop on the Thames in 1989, agency owner Alan Fletcher, co-designer of the ABB logo, explained: "The mystique was missing from this job, everything had to be clear and transparent, but then it's no longer interesting."
Unable to speak to either CEO Barnevik or President Leutwiler, Fletcher concluded that ABB's top management was oblivious to the profound value of a corporate identity.
Nevertheless, the three letters made an immediate impact; never before in business history has a logo established itself so quickly. "ABB - global and local" was one of the ingenious advertising slogans of the trend agency Saatchi & Saatchi, which created the international campaigns for the new electricity giant.
The core business sold offABB quickly amassed a hundred companies of all calibers in a wild buying spree - there are parallels to the
Rentenanstalt. The companies were hardly ever really integrated, and
Some turned out to be real cuckoo's eggs. First and foremost was the American company Combustion Engineering, which later brought ABB billions in asbestos lawsuits and drove the Group to the edge of the abyss. The heavily indebted ABB sold off its core business, power plant construction, which had achieved global renown under Brown Boveri, and divested its traditional locomotive manufacturing operations, along with a number of other business areas.
But the ABB logo survived all crises, including the revelation of the huge pension payments secretly transferred by CEO Barnevik and his successor Lindahl. Even when ABB's share price plummeted from a high of almost 55 francs to 1.41 francs in less than two years, the replacement of the logo was not an issue, although the three letters were now tainted with a reputation for mismanagement and betrayed visions.
The compact ABB logo is still strong and present in the world of electrical engineering, thanks to the Group's still innovative technology. However, brand specialists say that after the amputation of important business areas such as power plant construction, it is no longer clear what the logo actually stands for. However, changing the ingenious combination of letters or repainting the logo was not an issue for those responsible even in ABB's darkest days.
Cosmetics aren't everythingAfter severe turbulence, Swiss Life has flushed the 150-year-old "Rentenanstalt" from its logo. The term obviously no longer carries a stigma, as it resonates with the dirty word "pension theft", for which the company is not entirely innocent ... The freshly launched, somewhat overly cheerful brand logo attempts to draw a line under this and signals a new beginning with the slogan: "Ready for the future."
In order to regain credibility with customers and investors, major efforts will be required at all levels for a long time to come. This applies to both Swiss Life and ABB - with or without cosmetic changes to the company's image.
Werner Catrina, the author of the books "BBC. Splendor, Crisis, Fusion" (1991)
and "ABB. In "Die verratene Vision" (2nd edition 2004), he reflects on the logos of ABB and Swiss Life.
Neither ABB nor Swiss Life figure in the top 100 most valuable brandsBusinessWeek publishes together with Interbrand, the global
leading brand consulting firm, for the fourth time in a row the
Ranking of the 100 most valuable brands in the world.
The top ten brands are Coca-Cola, Microsoft, IBM, General Electric, Intel, Disney, McDonald's, Nokia, Toyota and Marlboro.
The clear winners of this year's ranking are brands that have managed to build close customer relationships with their products and services and create a high level of identification with the brand.
Four of the top five winners are brands from the technology sector, while established brands such as Coca-Cola, Microsoft, Disney and Nokia lost brand value.
Neither ABB nor Swiss Life feature in this world ranking. ABB is still well-known in the international world of electrical engineering, but to make it into the top 100, the broad impact of the
international consumer goods industry, which is also essential for Swiss Life, an insurance group primarily focused on Switzerland.
goes off.
The first Swiss brand in the Top 100 is Nescafé in 23rd place, followed by
UBS, which was not on the list last year, follows in 45th place.
Nestlé (rank 62) and Rolex (rank 70) are other Swiss brands among the world's most valuable brands.
Despite a dramatic crisis, losses in the billions and scandals involving rip-off artists, ABB has stuck to its logo to this day.
Swiss Life launched the streamlined new logo at the beginning of 2004.
Werner Catrina
