John Matthew Murphy (born 1944, Essex) is a British marketing consultant who first described the process of branding. He also pioneered the art of brand valuation, that is, measuring the accounting value of a company's brands as assets, and in so doing, he stimulated the development of branding as an aspect of business.[1] Murphy founded Interbrand, the world’s first branding consultancy, and named many familiar brands.

Interbrand and brand valuation

In London in 1974, Murphy launched Novamark, a small company specialising in product naming and in trade mark registrations. In the 1970s, the scope of Novamark's consulting work expanded to encompass brand design and strategy.[2] In 1979, when Murphy opened his first overseas office in New York, he adopted the name Interbrand. Among the concepts that Interbrand developed in the 1980s was brand valuation.[3] As Murphy later explained, there was "a huge buying and selling of branded-goods businesses where what was essentially being bought and sold was brands. But nobody knew how to value brands."[4]

In 1987, Interbrand announced that it had developed a proprietary methodology for brand evaluation[5] and in 1989 Murphy edited a work on the subject: Brand Valuation – Establishing a true and fair view.[6] In 1993, Murphy decided to sell Interbrand, which by then had a headcount of 600 and a burgeoning international practice, to Omnicom. He stayed on at Omnicom as Interbrand's chairperson till 1996 to help with the transition.[5]

Brand names born out of Murphy's efforts during this time include:[5][7]

Suffolk beer and Plymouth gin

After Interbrand, Murphy turned his hand to building brands himself. Looking at how English brewers struggled to market themselves abroad due to their reliance on marketing through local pubs, he decided to try the opposite, and base a brewery around brand projection. In 1996, Murphy established St. Peter's, a small artisan brewery in Bungay, Suffolk, from scratch, without a substantial chain of controlled pub outlets, marketing it both locally and internationally.[4] He sold it in 2018.

Murphy also led the acquisition from Allied Domecq of the Plymouth Gin distillery and brand in 1996 by a small group of investors,[9] betting on the history of the drink as the basis of the pink gin in Britain and a prohibition era-beating product in the US.[10] At the time of acquisition, the distillery was producing some 3,000 cases of gin a year, but had capacity to make 200,000. After Murphy's repackaging and PR campaign, sales had increased to 150,000 cases by 2003.[11]

Honors

Brunel University admitted Murphy to the honorary degree of Doctor of Social Sciences in 2001.[2] He was visiting professor at Birmingham and The Open University Business Schools.

"Cello scrotum"

Murphy was the signatory of a spoof letter (written with his wife at the time, Dr Elaine Murphy) about a "Cello scrotum" condition that the British Medical Journal (now The BMJ) published in 1974.[12]

Publications

  • John Murphy, Michael Rowe. How to design trademarks and logos. — North Light Books, 1988.
  • John Murphy. Brand Valuation – Establishing a true and fair view. — London: Hutchinson Business Books, 1989. — ISBN 0-09-174261-7.
  • John Murphy. Brand Strategy. — 1990. — ISBN 0130841617.
  • Susannah Hart, John Murphy (editors). Brands – The new wealth creators. Basingstoke: Macmillan, 1998 — ISBN 9780333659090
  • John Murphy. Brandfather: the man who invented branding. — 2017. — ISBN 9781911320357.

References

  1. ↑ Hull, Janet. "How marketers should use brand valuation". www.marketingsociety.com. The Marketing Society. Retrieved 7 September 2021.
  2. 1 2 "John Murphy honorary degree". Archived from the original on 19 August 2014.
  3. ↑ Salinas, Gabriella; Ambler, Tim (2009). "A taxonomy of brand valuation practice: Methodologies and purposes". Journal of Brand Management. 17 (1): 39–61. doi:10.1057/bm.2009.14. S2CID 167333325. Retrieved 7 September 2021.
  4. 1 2 In Business interview with John Murphy (audio), BBC Radio 4, September 25, 2008, from approx. 18:25; Retrieved 6 September 2021
  5. 1 2 3 "Interbrand Corporation History. Sourced from International Directory of Company Histories, Volume 70". Encyclopedia.com. Retrieved 14 September 2021.
  6. ↑ Murphy, John (ed.) (1989). Brand Valuation – Establishing a true and fair view. Hutchinson Business Books, London. ISBN 0-09-174261-7.
  7. ↑ Mackwood, Neil (22 August 1997). "Marketing: The name game". The Independent. London. Archived from the original on 13 June 2022. Retrieved 16 September 2021.
  8. ↑ Ashworth, Jon (23 September 1991). "Bass seeks full house in Gala opening". The Times. London – via NewsBank.
  9. ↑ Harrington, John (17 September 2003). "Plymouth Gin". The Morning Advertiser. Crawley. Retrieved 16 September 2021.
  10. ↑ Plymouth Gin – The Adventurer at gintime.com Archived 22 October 2011 at the Wayback Machine; Retrieved 6 September 2021
  11. ↑ In Business interview with John Murphy (audio), BBC Radio 4, September 25, 2008, from approx. 24:25; Retrieved 6 September 2021
  12. ↑ "Peer reveals 'cello scrotum' hoax". BBC News. 28 January 2009. Retrieved 16 March 2017.
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