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Part 4 - Products

Slide 1
Chpt 10 - Product Mgmt

Brand Brand Name

Trademark Generic Name

Product Line Product Mix

Page 216
Individual offering
Part 4 - Products
Slide 2
Chpt 10 - Product Mgmt

Co-Branding

Two companies join to create a new


product carrying both their brands.
Part 4 - Products
Slide 3
Chpt 10 - Product Mgmt

Co-Branding

Examples:

McCains cake and KFC


McDonalds & movie Mulan
Pizza Hut & Pepsi
Cereal box with other thing inside
Pizza Pizza and Blockbuster video rental &
Chocolate bar
Cinelex Odeon and Blockbuster
Part 4 - Products
Slide 4
Chpt 10 - Product Mgmt

Brand
A name, term, sign, symbol, or design
(or some combination thereof) used to
identify the products of one firm and to
differentiate them from competitive
offerings. TEXT

Something used to show customers that


one product is different than the products
of another manufacturer. WTGR
Page 216
Part 4 - Products
Slide 5
Chpt 10 - Product Mgmt
Brand Name

Words, letters, or symbols that make up a


name used to identify and distinguish the
firm’s offerings from those of its
competitors. Page 216
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Slide 6
Chpt 10 - Product Mgmt

Trademark
A brand that has been given legal protection
and has been granted solely to its owner.
Part 4 - Products
Slide 7
Chpt 10 - Product Mgmt

National Brand

Private Brand

Generic Name Brand


Generic Goods
Part 4 - Products
Slide 8
Chpt 10 - Product Mgmt

Examples of the 3 differences between


a national brand, a private brand and a
generic brand
• Philadelphia Cream Cheese

• IGA Cream Cheese

• No Name brand cream cheese


Part 4 - Products
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Chpt 10 - Product Mgmt

National Brand

products that carry the name of the


manufacturer

ie. Maxwell House coffee


ie. Philadelphia cream cheese
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Slide 10
Chpt 10 - Product Mgmt

Private Brand

products that carry the name of the


seller, not the manufacturer

ie. MasterChoice coffee


ie. IGA cream cheese
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Slide 11
Chpt 10 - Product Mgmt

Generic Name Brand

A brand name over which the original owner has lost


exclusive claim because all offerings in the associated
class of products have become generally known by the
brand name (usually that of the first or leading brand in
that product class). TEXT

• names for product categories


ie. Velcro is the brand -
“hooked fabric fastener” is the generic name
ie. Xerox is the company
“photocopy” is the generic name,
- other examples???????? “rollerblades, Styrofoam”
, Jello, Vaseline, Q-tips, Kleenex
Part 4 - Products
Slide 12
Chpt 10 - Product Mgmt
Terms
Generic Goods

• non-branded products that sell at discount


ie. dish soap, toilet paper, aluminum foil, etc.
Part 4 - Products
Slide 13
Chpt 10 - Product Mgmt

Brand Loyalty Categories

1. Brand Recognition (also called Brand Equity)


2. Brand Preference / Loyalty
3. Insistence

Page 220
Part 4 - Products
Slide 14
Chpt 10 - Product Mgmt

•Brand Recognition / Equity


•Brand Preference / Loyalty
•Brand Insistence
__________________
•Brand Awareness
•Brand Association

Page 220
Part 4 - Products
Slide 15
Chpt 10 - Product Mgmt

• Brand Recognition / Equity - awareness, loyalty, quality,


emotion
• Brand Preference / Loyalty - the degree to which
customers are committed to further purchases eg. I will
always buy Reebok (Brand Insistence)
________________________________________________
• Brand Awareness -your product is the first that comes to
mind in a certain product category
eg. Snapple ice tea, jeans-Levi’s, walkman - SONY
• Brand Association - the link to favourable images,
celebrities, geographic regions
ie. Red Strip - Jamaica, VW - Germany, Screech - NFLD
Bailey’s - Eire
Part 4 - Products
Slide 16
Chpt 10 - Product Mgmt

• Brand Awareness -your product is the first


that comes to mind in a certain product
category
eg. Snapple ice tea, jeans-Levi’s, walkman -
SONY

Not in the text


Part 4 - Products
Slide 17
Chpt 10 - Product Mgmt

• Brand Association - the link to favourable


images, celebrities, geographic regions
ie. Red Strip - Jamaica, VW - Germany,
Screech - NFLD
Bailey’s - Eire
• Paul Hogan - Subaru
• James Earl Jones (voice of CNN)
• Chihuahua - Taco Bell
• Jordan - Nike
• Julia Louis Dryfuss - Nice and Easy
• Candice Bergen - Sprint Canada Not in the text
Part 4 - Products
Slide 18
Chpt 10 - Product Mgmt

Brand Association - the link to favourable


images, celebrities, geographic regions
• white diamonds - liz taylor
• BMW Z3 - 007
• roots hats - olympics
• fubu - urban trend / hip hop
• right guard - Sir Charles
• Ru Paul - MAC Cosmetics
• Seinfeld - AMEX

Not in the text


• Brand Awareness -your product is the first that
comes to mind in a certain product category
eg. ice tea = Snapple, running shoes = Nike
Part 4 - Products
Slide 20
Chpt 10 - Product Mgmt

Most Valuable Global Brands


Brands Brand value
14-2

Coca Cola $ 36 Billion


Marlboro $ 33 Billion
Nescafe $ 11 Billion
Kodak $ 10 Billion
Microsoft $ 9.8 Billion
Budweiser $ 9.7 Billion
Kellogg's $ 9.3 Billion
Motorola $ 9.2 Billion
Gillette $ 8.2 Billion
Bacardi $ 7.1 Billion
Source: Financial World
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Slide 21
Chpt 10 - Product Mgmt

Terms
brand trademark

logo copyright
Part 4 - Products
Slide 22
Chpt 10 - Product Mgmt

Terms page 473

trademark
• a brand that has been given exclusive
legal protection - name and the
design
copyright
• music, or words that are given legal
ownership by the author
Part 4 - Products
Slide 23
Chpt 10 - Product Mgmt

Brand Strategy

1. Manufacturers’/ National
a) Family
b) Individual
2. Private - page 222 - see slide 31
3. Generic - page 223 - see slide 31

Page 221

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