Say What? The Odyssey of Kraft’s New Brand Name
One blogger teased that she would've been "stifling giggles" if she'd been in meetings to determine the name. A Forbes contributor suggested a trick for remembering how to say it: "Just think Bush Administration Secretary of State. You know, Mon-de-leza Rice." Crain's Business Chicago tittered that it bears close resemblance to a vulgar Russian term for a sexual act.
Michael Mitchell, a Kraft spokesman, said executives took all the joking in stride, and he's quick to point out why the Crain's observation didn't alarm the company: "The name has to be mispronounced to get that unfortunate meaning."
The made-up moniker, pronounced "mon-dah-LEEZ," became a punch line after it was unveiled in March. On Wednesday, Kraft shareholders will decide whether to approve the name for the company's business that sells global snack brands such as Oreos, Fig Newton and Cadbury.
The four-month odyssey of how "Mondelez" was picked -- and how it was received -- illustrates the great pains companies take to come up with powerful names for their businesses, products and services. For them, it's akin to parents obsessing over a name for their newborn: it's a moniker that sticks for better or worse, so it better be good.
"You have to generate thousands of ideas, even if it's just for a cookie," said Nik Contis, the global director of naming at branding company Siegel+Gale.
That's just what Kraft did after it decided to split into two publicly-traded companies -- one for its North American grocery business that makes products like Oscar Mayer...