NEW YORK, July 31, 2018 /PRNewswire/ -- Kantar Millward Brown, the world's leading expert in helping clients grow great brands, announced today that its brand equity assessment engine – the Meaningfully Different Framework – has completed the Marketing Accountability Standards Board (MASB) metric audit process. MASB's process, the Marketing Metric Audit Protocol (MMAP), is a formal, industry-recognized process for assessing connections from marketing activities and metrics to financial performance.
"By putting the Meaningfully Different Framework through the MMAP protocol, Kantar Millward Brown has shown its commitment to developing disciplined, validated tools that link to financial outcomes and help marketing leaders make confident investment decisions," said Frank Findley, MASB Executive Director and Chief Advisor of the MMAP Center.
The Meaningfully Different Framework is built upon the validated premise that thriving brands meaningfully connect with a target audience, differentiate themselves from competition, and readily come to mind. The framework is applied based on quantitative data that is continually monitored.
Anheuser-Busch InBev's Miguel Patricio remarked: "In the past, we've had different ways of measuring brand health in different countries, but now we have one language – the language of meaning, difference and salience – which we are embracing as a company."
With more than 600 clients, 20,000 on-going applications, and a normative database consisting of over 120,000 brands, the Meaningfully Different Framework is the most broadly used equity assessment tool in the world. It is also integrated within Kantar Millward Brown's equity and brand guidance solutions, as well as its creative assessment and media optimization protocols, serving as a common equity impact currency across the Kantar Millward Brown portfolio. The framework is also at the heart of WPP's syndicated BrandZ™ offering, fueling brand valuation analytics and the annual publication of the BrandZ™ Top 100 Most Valuable Global Brands.
"Given the rigor that went into its development and validation, we were very comfortable taking the Meaningfully Different Framework through the third-party MMAP vetting process, where the tool was thoroughly evaluated against 10 criteria for ideal metrics, including relevance/actionability, predictive validity, sensitivity, simplicity, and transparency," said Christopher Murphy, Chief Client Officer, Kantar North America. "We were impressed with MASB's diligence during this audit process, and we are proud to have completed the review and accreditation process."
About MASB, the Marketing Accountability Standards Board
MASB is an organization of top-tier marketers, measurement providers, industry associations and business academics devoted to establishing and advancing accountable marketing practices that drive business growth with tools like the new ISO brand evaluation standard, the MMAP Metric Catalog and the Continuous Improvement in Return Assessment. The MMAP assessment has been used over the past five years with a large number of marketers benefitting. For more information, visit themasb.org or email [email protected].
About Kantar Millward Brown
Kantar Millward Brown is a leading global research agency specializing in advertising effectiveness, strategic communication, media and digital, and brand equity research. The company helps clients grow great brands through comprehensive research-based qualitative and quantitative solutions. Kantar Millward Brown operates in more than 55 countries and is part of WPP's Kantar group, one of the world's leading data, insight and consultancy companies. Learn more at www.millwardbrown.com.
SOURCE Kantar Millward Brown