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Creating Brand Equity PDF
Creating Brand Equity PDF
Summary
Creating Brand Equity - Kotler - Keller
Brand is name, term, sign, symbol, or design, or a combination of them, intended to identify
the goods or services of one seller or group of sellers and to differentiate them from those of
competitors.
The purpose of branding is to create demand for the product that a particular firm is
offering or marketing or selling. A satisfied buyer can repurchase the same product only
when it is identified uniquely and branding provides the means through firms provide
unique identification to their products targeted at various segments in the product or need
market.
Brand equity brand value is associate with the customers. If more customers recognize the
brand and show preference for the brand, the brand has more value. Customer-based brand
equity is the differential effect brand has on consumer response to the marketing activities
of that brand. A brand has positive customer-based brand equity or value when consumers
react more favorably to a product's marketing activity conducted with the brand name in
comparison to marketing activity conducted without disclosing the brand name.
BrandAsset Valuator
Brandz
Brand Resonance Model
Brand audit
Brand tracking studies
Brand reinforcement
Brand revitalization
4. What are the important brand architecture decisions involved in developing a branding
strategy?
Choosing Brand elements
Developing brand elements
Customer Equity
BrandAsset Valuator
Energized differentiation
Relevance
Esteem
Knowledge
Brandz
Power
Premium
Potential
4. Resonance
3. Judgments - Feeling
2. Performance - Imargery
1. Salience
Other associations
Customer Equity