A Rose is a Rose: Eight Criteria for a Good Business Name
What’s in a name?
That which we call a rose, by any other word, would smell as sweet.
In his famous line from “Romeo and Juliet,” Shakespeare seems to be saying that a name is nothing more than an artificial and meaningless construct.
Granted, the old Bard could turn a phrase better than anyone. But he obviously never ran a business. For when it comes to positioning products, services and companies in the marketplace, a Lexus or a Starbucks by any other name would not smell as sweet.
Imagine if Intel were called “Microchip Systems Technologies.” Doesn’t exactly roll off the tongue, does it? Plus those little “Intel Inside” stickers you see on the outside of almost every PCs would have to get a lot bigger in order to fit the entire name.
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