Professional Documents
Culture Documents
Brand Building
Brand Building
Brand Equity
When a commodity becomes a brand, it is
said to have equity. It starts with a name
and can go up or down depending on the
marketing activity that is done by the
marketer. A name becomes a brand when
consumers associate it with a set of tangible
and intangible benefits that they obtain from
the product or service.
Power Brands
Generates enormous profits
Expands future strategic opportunities
Personality
Emotional bond with the customer
Generates relationships measurably stronger
than ordinary brands
Presence
Seem to be present everywhere, enforcing
distinctiveness
National/international scale
Successful brand extensions
Multiple concept and channels
Shape
Colour
Size
Models
Price
Features
Benefits
Grades
Customer base
Trademarks and
patents
Channel relationships
Customer loyalty
Customer confidence
Competitive advantage
Value Proposition
Broad positioning
Specific positioning
Value positioning
Positioning guards
Product benefits
Product quality
Be easy to pronounce/remember/recognise
Be distinctive
Not have poor meanings in other countries
or languages
Brand Associations
owned word
Slogans
Colours
Symbols and logos
Brand Ambassadors
These are used to create the Brand
personality, just like a human being.
Therefore in some way the values and
personality of the ambassador rubs off into
the brand. Therfore the brand and choice of
the ambassador must fit.
Brand Status
Step up advertising
Product should be
phased out
Troubled brand.
Product upgradation
required
Esteem
Familiarity
Brand Vitality
Differentiation in consumers mind
Differentiation relevant to consumers need
Brand Pitfalls
Brand experience must match brand image
Calls for managing every brand contact