YMCA announced today that after 166 years, the Young Men's Christian Association will now be rebranded as "the Y." Similarly, National Public Radio recently launched an initiative to formally rebrand itself as NPR. Both acronyms have enjoyed widespread use within the public sphere for years, so these seem logical progressions, however, are they really rebrands or simply name changes?
First, let's review what a brand is. Your brand is the public's sum total experience with your company, product, or service. It's the feeling people have when they think of your company or see some physical manifestation of it. It's not your name, or your logo, or your letterhead, as many believe, although all are elements of it. Your brand exists in people's minds, and it doesn't really much matter what you think of it. Only your constituency's opinions count.
Rebranding, therefore, is dependent upon changing the public's perception of your company, product or service. Is "the Y" changing the way the way that they treat the people they help? Will those people enjoy a significantly altered experience in the future than in the past? Will this already wonderful organization provide something really different?
In this age of 140 and 160 character communications, shorter names leave more room for the message, so NPR makes perfect sense. But when you're already commonly referred to as YMCA, "the Y" is actually one character longer, adding a slight social media disadvantage.
So does a name change really change anything at all about your customer's or client's experience? No, it doesn't. A name change may accurately reflect what your constituency already calls you, and there's certainly no harm in that, provided the common name is acceptable. But a name change, unsupported by a change of customer experience, is just a name change, not a rebrand. So lets call a spade a spade, shall we?

Do you understand the position that you own in your market? This is what makes people think of you and what they associate you with. Of course, it's unreasonable to expect everyone in your market to be familiar with you, but it is a good idea to make sure that the general perception of your target prospects is in line with what you actually have to offer and what you do.
An article in the online version of the Houston Chronicle on May 26th about
Remember that your brand is entirely about the way your clients feel about you, so if you want to rebrand your firm, you must change your clients’ experience. That’s the ONLY way you can rebrand your firm. Simply designing a new logo and stationery package won’t do it. In fact, that will just come off as shallow.
