Yahoo stock price has increased, unique
visits to the website in the US have surpassed Google for the first time this
year, but brand perception has decreased. So should Yahoo be celebrating or
asking questions why perception has fallen in spite of positive news elsewhere?
Unique visits don’t tell the whole story as
they exclude search engine figures, which would clearly benefit Google over
Yahoo. Stock price as increased following strategic acquisitions of popular
sites such as Tumblr. Perception has… well.. perception is perception so it is
worth digging a little deeper to understand why consumers feel differently.
Brand perception was clearly impacted by
the decision to eliminate the employee work from home policy and since this
point Yahoo have continued to hover closely to two of its main competitors in
Bing and MSN. It would be unrealistic to assume that brand perception of the
public would be impacted so massively by a Yahoo employee policy change. Yahoo
have struggled to adapt to the uptake of Smartphone technology which in turn
has led to a clunky, slow and inefficient feel to many of its products on the
smaller screen. Whereas Yahoo have made great strides in investing in up and
coming companies it has so far done little to address issues with smartphone
applications and how easily its offerings are displayed on the small screen and
even less to understand mobile technology. The Brand Avenger suggests that Yahoo
brand perception will continue to suffer until they essentially catch up with
the rest of the market and make a real effort to understand the consumer and
their relationship with mobile technology.
Yahoo are of course facing an uphill battle
when it comes to reaching the summit, maintaining growth and offering a
sustainable brand. The decline has played out in the public eye and the reasons
behind it are nicely summed up in the attached infographic.
As already covered Yahoo stock price is on
the up, visits to the website has increased but perception is down. When you
combine this with the fact that Yahoo sales in the last quarter aren’t as
healthy as the top brass at the company would like then you begin to understand
why Yahoo should take the good news with a pinch of salt.
No comments:
Post a Comment