Professional Documents
Culture Documents
Module 4A
In this Course
Business Marketing
2 R Sugant
1
In this Session
Introduction
Branding Decisions
Branding Dimensions
Branding Pitfalls
Globalisation
Hyper-competition
Proliferationof similar products and service/
Commoditisation
Increasing complexity
Increasing price pressure
Business Marketing
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Introduction
A brand is an intangible concept
A brand
ois a promise
oholds distinctive position in customers’ minds
oSet of attributes, benefits, beliefs and values
that differentiate, reduce complexity and
simplify the decision making process
The brand is made tangible by
Name, logo, symbol, taglines, jingles,
advertising etc..
Introduction
Important B2B brand functions
Increase information efficiency
oMakes it easier for the customers to gather and
process information about a product.
oBundling information about the manufacturer
and origin of a product thro’ the brand helps in
finding the way in a new or confusing product
environment.
Risk reduction
oreduces the customer’s risk of making the
wrong purchasing decision
Value added/ image benefit creation
Business Marketing R Sugant
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Introduction
Business Marketing
10 R Sugant
Introduction
Business Marketing
11 R Sugant
4
Introduction
Marketing Advantages of Strong Brands -
Role of B2B Brands
Improved perceptions of product performance
Create preferences
Increase sales
Greater loyalty
Less vulnerable to competition
Less vulnerable to crises
Command price premium - Larger margins
Inelastic consumer response to price increases
Elastic consumer response to price decreases
Introduction
Marketing Advantages of Strong Brands -
Role of B2B Brands
Greater trade cooperation
Increase in effectiveness of Integrated
Marketing Communication
Licensing opportunities
Brand extension opportunities
Differentiate – product from competition
Differentiate marketing efforts
Secure future business
Create brand image
5
Branding Decisions – Brand Impact
Influential Dimensions
on the Buying Centre
Business Marketing
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Branding Decisions - Brand Relevance
in relation to the buying situation
New Task
Straight Rebuy
Modified Rebuy
Brand
Relevance
Business Marketing
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B2B Branding Dimensions
Brand Relationship Spectrum
• Neoprene
• Nylon
• Kevlar
• Teflon
• Lycra
House of Brands
• Mylar
B2B Brands
Branded House
Business Marketing
18 R Sugant
8
TATA – Hybrid Brand Strategy (B2B & B2C)
Business Marketing
20 R Sugant
No. of products
sold under one
brand
Business Marketing
21 R Sugant
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Branding Dimensions - Brand Elements
Name Criteria to ensure
Logo Visual Identity brand identity
Tagline Available
Meaningful
Brand Story
Memorable
Visual Identity Code
Protectable
Brand guidelines that
Future oriented
specify the use of each
brand element Positive
Transferable
Business Marketing
22 R Sugant
Descriptive names
Acronyms
Fabricated Names
Metaphors – Based on things, places etc..
Logo
Graphic look of a brand
Tagline
Easily recognizableBusiness
and memorable
Marketing phrase
23 R Sugant
10
Business Marketing
24 R Sugant
Business Marketing
25 R Sugant
11
Branding Dimensions - InBranding
Business Marketing
26 R Sugant
Business Marketing
27 R Sugant
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Branding Dimensions - InBranding
Ingredient Branding – should capture an essential
part of the end product
Farm products
Natural products
Component materials
Component parts
Business Marketing
28 R Sugant
Business Marketing
29 R Sugant
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Brand Building Process –
Brand Planning
Branding Principles
Consistency
Clarity
Continuity
Visibility
Authenticity
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Business Marketing R Sugant
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Brand Building Process-
Brand Analysis
Customer Based Brand Equity (CBBE) Model
Brand salience
relates to the awareness of the brand.
Brand performance
refers to the satisfaction of customers’ functional needs.
Brand imagery
arises from the satisfaction of customers’ psychological needs.
Brand judgment
focuses on customers’ opinions based on performance and imagery.
Brand emotions
Created by the customers’ emotional responses and reactions to a brand.
Brand resonance
based on the relationship and level of identification of the customer with
a brand.
Brand Brand Brand Brand Brand
Business Marketing
Planning Analysis
34 Strategy Building RAudit
Sugant
Safe,
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Brand Building Process
17
Brand Building Process
Brand Audit & Metrics
Brand knowledge (qualitative)
Brand positioning understanding (qualitative)
Brand contract fulfilment (qualitative and quantitative)
Brand personality recognition (qualitative)
Brand-driven customer acquisitions (quantitative)
Brand-driven customer retention and loyalty
(quantitative)
Brand-driven penetration and frequency (quantitative)
Financial brand value (quantitative)
Brand Brand Brand Brand Brand
Business Marketing
Planning Analysis
38 Strategy Building RAudit
Sugant
Branding Pitfalls
18
To recap
Introduction Brand Communication
Brand Defn. InBranding
Branding Functions Brand Building Process
Marketing Advantages of Brand Planning
Strong Brands Brand Power
Branding Decisions Brand Analysis
Roleof B2B Brands Brand Strategy
Why B2B Branding Brand Audit & Metrics
Brand Relevance Branding Pitfalls
Branding Dimensions
Brand – Customer
Relationship
Generic Brand Strategies
Brand Elements Business Marketing R Sugant
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