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of Brand Management
Brand
Definition
According to AMA (American Marketing
Association), a brand is a name, term, sign, symbol,
or design, or a combination of them, intended to
identify the goods and services of one seller or
group of sellers and to differentiate them from those
of competitors.
In fact, the word Brand is derived from the Old Norse word
Brandr; which means to burn, as brands were and still are
the means by which owners of livestock mark (burn mark) their
animals to identify them.
Product Vs Brand
Product
Product Vs Brand
Product
1.
2.
3.
4.
5.
Product Vs Brand
Brand
Harvards Ted Levitt has argued that the new competition is not
between what companies produce in their factories but between what
they add to their factory output in the form of packing, services,
advertising, customer advice, financing, delivery arrangements,
warehousing, and other things that people value.
Product Vs Brand
Brand
Extending our previous example, a branded product may be a
physical good like Kelloggs Corn Flakes cereal, Dell laptops,
Ford automobiles; a service such as Kingfisher Airlines, ICICI
Bank, LIC Life Insurance; a store like Food basket, Reliance
Fresh, or Big Bazaar; a person like Rahul Gandhi, Amitab
Bachan, or Sachin Tendulkar; a place like the city of
Bangalore, Newyork, or London; an organization such as the
Reliance, Infosys, Wipro; or an idea like corporate
responsibility, free trade, or freedom of speech.
Product Vs Brand
Brand
The reality is that the most valuable assets many firms have
may not be tangible ones, such as plants, equipments, and real
estate, but intangible assets such as management skills,
marketing, financial, and operations expertise, and most
important is the brands themselves.
Branding
Meaning
Creation of Brands
Ideas & Causes (like- AIDS ribbons, World Wild Life Fund, etc)
Brand Equity
Meaning & Sources
Customers subjective and intangible assessment of the
brand, above and beyond its objectively perceived value.
1.
2.
3.
Brand Equity
1.
2.
3.
Price-based
Consumer-based
2.
3.
4.
4. Relationships
What about you & me?
3. Response
What about you?
2. Meaning
What are you?
1. Identity
Who are you?
Resonance
Judgments
Feelings
Performance
Salience
Imagery
Intense
Active loyalty
Positive Accessible
reactions
Points of parity
And difference
Deep, broad
Brand Awareness
1.
2.
3.
4.
5.
The CBBE model not only provides a road map & guidance
for brand building, but it also provides yardstick to measure
its progress.
The CBBE model reinforces a number of important branding
principles, 5 of them are particularly noteworthy.
Customers Own Brands
Dont Take Shortcuts with Brands
Brands Should Have a Duality
Brands Should Have Richness
Brand Resonance Provides Important Focus
Brand
Equity
Brand
Awareness
Perceived
Quality
Reason-to-buy
Differentiate / position
Price the brand
Build extensions
Brand
Associations
Other
Proprietary
Brand Assets
Competitive
Advantage
Provides value to
Customer by
Enhancing customers:
Interpretation/ processing
Of information
Confidence in the
purchase
Decision
Use satisfaction
Provides value to firm
By enhancing:
Efficiency & effectiveness
Of marketing programs
Brand loyalty
Prices / margins
Brand extensions
Trade leverage
Competitive advantage
9.
10.
Brand Identity
Meaning of Brand Identity
Brand Identity is defined as the sum of the brand expressed as
a product, organization, person, & symbol.
Brand as Product: It deals with the acceptance of the brand as a
product itself. Ex: Dalda, Nirma.
Brand as Organization: It emphasizes that a brand is successful
among other things because of organizational values it
upholds. Ex: Tata- Indica, Salt etc.
Brand as Person: It deals with the question what happens to
the brand when its becomes a person? Ex: Demin talc
(masculine), Sunsilk shampoo (feminine).
Brand as Symbol: It deals with heritage and what the brand
stand for. Ex: Nokia (hands shake).
The brand identity represent what the brand stands for and
imply a promise to customer from the organization members.
Personality
Culture
Relationship
Reflection
Self-image
Picture of Recipient
1.
2.
3.
4.
5.
6.
Brand Positioning
Meaning
1.
2.
Positioning Guidelines
1.
2.
3.
Positioning Guidelines
1.
Positioning Guidelines
2. Choosing and establishing points of parity and
points of difference.
Positioning Guidelines
Examples of Negatively Correlated Attributes:
Positioning Guidelines
3. Updating Positioning over Time
With established brands, competitive forces often dictate shifts
in positioning strategy over time.
LADDERING- PODs helps initial to position but latter it becomes
necessary to deepen the meaning associated with the brand
positioning. This can be done by following Maslows hierarchy
of needs theory (higher-level needs become relevant once
lower-level needs have been satisfied).
REACTING- Competitive actions are often directed at
eliminating points of difference to make them points of parity or
to strengthen or establish points of difference.
Here the strategies suggested are- Do
nothing, Go on the
defensive, & Go on the offensive.
Brand Value
Definition
Brand Mantras
Internal Branding
Brand mantras point out the importance of internal brandingmaking sure that members of the organizations are properly
aligned with the brand and what it represents.
Positioning the brand internally is equally important when
compared to building & managing the brand equity with
customers.
Especially for service companies, its critical that all employees
have to up-to-date and deep understanding of the brand.
Ex: Disney holds seminars on the Disney Style of creativity,
service, and loyalty for employees from other companies.
It also helps to motivate the employees & also attract
customers. Ex: Intel ran an ad campaign showcasing its own
employees as heros.
Brand Audits
Brand Audit is a comprehensive examination of a
brand to discover its sources of brand equity.
To learn what consumers know about brands and
products so that the company can make informed
strategic positioning decisions, marketers should
first conduct a brand audit to profile consumer
knowledge structures.