According to Yahoo! CEO Carol Bartz, “We’re not a search company.” You might ask, then what the heck is Yahoo? According to Bartz, it’s a site that creates a complete experience through social, mobile and video components.
The Yahoo! we know today is just the tip of the iceberg of where the company and brand are going in the future. The challenge will be repositioning the brand that has for so long been associated with search and as the brand tagging along behind Google, into a brand that delivers a more experiential and less transactional promise.
I’m rooting for Yahoo, and I think repositioning the brand could be what saves it. I give props to Carol Bartz for recognizing that the online market has changed and for trying to catch up. There is deep value in the Yahoo! brand, and watching it struggle in recent years has been unfortunate.
The repositioning of Yahoo! won’t succeed overnight. It’s going to take time, investment and patience. According to Bartz (and despite all the rumors and negative press to the contrary), the majority of Internet users still visit Yahoo! Perhaps the shift in brand perception among consumers doesn’t have to be a rough road. Only time will tell, but it sounds like Bartz is on the right track.
What do you think? Can Yahoo! rebound?