IHOP And Modern Marketing
The International House of Pancakes announced the other day that they are changing their name to International House of Burgers, or IHOb. I am 99% certain that this is just a marketing gimmick, a way to get social media buzz, after which they will "as a result of public pressure" go back to the old name. A sort of intentional version of what Coke did years ago by accident with New Coke.
So far, I would judge it to be successful. They were talked about on several national radio shows that I listen to (on sports talk radio, no less) and got a day's worth of media coverage (and presumably another day's worth when they change back). This is a LOT of free advertising for a brand I have heard absolutely nothing about for years (except from my 21-year-old daughter who still makes me take her there from time to time for funny face pancakes.)
Brand strategy has really evolved a lot from when I was in B-school. In the 1990's my wife was a brand manager at Frito-Lay and brand management at the time seemed incredibly conservative. There were very defined, tightly-spaced rails that circumscribed what you could do with a brand. But that is so boring it gets nowhere on social media. "Fritos! They are... uh... everything they always have been." This IHOP gimmick (and Budweiser's temporarily changing its name to America) demonstrate a lot less risk-aversion with core brands in a social media era where one has to be outrageous to get attention.
Postscript: I was in Santa Monica the other day and saw something where they had a really lame, forgettable tag line for the city. I wanted to help them with some catchier phrases. Like, "Santa Monica: World's Nicest Homeless Shelter" or "Santa Monica: Watch Out For That Scooter!" or "Santa Monica: You Want HOW MUCH for Rent??"