The document discusses defining a brand strategy by first understanding the brandscape - including customers, competitors, and the company itself. It provides exercises to learn more about each of these areas through research, interviews, and analysis. The key outcomes are developing a brand vision statement that describes an aspirational future for the brand, and a brand promise that articulates the brand's core value proposition in an emotional way. Together, the vision and promise will guide all brand-building efforts and ensure the brand experience delivered matches the brand message. The document provides worksheets and tips to help formulate these critical branding statements.