Professional Documents
Culture Documents
Handout
Chapter I
Brands and Rebranding……………………………………..……..…………6
• What is a brand……………………………………..…………....…..…..9
• What is branding……………………………………..….…….…..……14
Rebranding……………………………………………………………….………..19
• Types of rebranding…………………………………….……..…..…..20
Chapter 2
Brand planning…………………………………………………………….……26
Brand Equity…………………………………………………………………..…28
Keller’s brand equity model……………………………………….……..32
o Brand Salience…………………………………………….…..33
o Brand Meaning………………………………………....…….37
o Brand responses……………………………………..……….39
o Brand relationships…………………………………..……..40
Strong vs Weal brands……………………………………………..……..43
Chapter 3
Kotler’s brand conceptual model…………………………..……..….48
o Brand Purpose …………………………………………..…….49
o Brand Positioning………………………………………...…..66
o Brand Differentiation………………………………..………84
o Brand Identity…………………………………………..………88
o Brand Trust……………………………………………………..105
o Brand Beneficence……………………………..…………..112
Chapter 5
Brand Architecture…………………………………………………….…..… 133
Brand Development…………………………………………………..………138
o Product line extension……………………….……………..140
o Multi Brand………………………………………………..…….143
o Brand extension……………………………………..…………147
o New brand……………………………………………...………..151
Chapter 6
Market Expansion…………………………..……………………………..….153
The Ansoff Matrix……………………………………………………………..154
Chapter 7
Analyzing the competition……………………..………………………….161
The 5 Forces of Porter……………………………………………………..…162
Chapter 8
Global Marketing Strategies……………………………………..……….178
Expanding Internationally model………………………………..……..181
Chapter 9
Monitoring Brand Performance…………………………………………194
7
To illustrate the definition of a product and the role
it occupies in defining branding, we will use the
example of water:
Water is a free resource that every human being
needs to live and survive. Yet it became a product
the day humans and companies started to
commercialize it, for example by selling mineral
water in glass and plastic bottles.
2. An
organization
3. A place
or a country
4. Services
Brand Definition
“A brand is a name, term, design, symbol, or any other
feature that identifies one seller’s good or service as
distinct from those of other sellers” (American
Marketing Association).
Answer / s:
Answer / s:
Let’s illustrate this again with our water example. The product sold is water, but
in order to convince people to purchase a particular water, companies
developed different water brands, such as Evian, Hayat, Baraka or Dasani. And
each one of these brands provides a different meaning to the product water:
– Evian makes you feel young
– Nestle is pure and healthy
– Dasani Re-hydrate…. and so on…
Definition
the active process of shaping the
perceptions that consumers have
about your company / product /
service.
2. Helps you stand out from the competition. It doesn’t matter what kind of company you
have, what industry you’re in, or what type of customer you’re after—if you’re in
business, you’ve got some serious competition. Branding helps you establish the ways
in which you’re different, special, and unique. And it shows your customers why they
should work with you instead of your competitors.
3. Builds brand recognition. If you want to build a successful brand, you need to be
recognizable. The right branding (including designing an impactful logo, website,
and other brand assets) helps you carve out a distinct style, and it increases
your brand recognition in the market.
4. Sparks a connection with your audience and turns that audience into loyal
customers. The most successful businesses are the ones that foster an emotional
connection with their audience. That emotional connection is what transforms a
prospect into a customer and a customer into a brand enthusiast. And how do you
create and build that connection? Branding. Different branding strategies (like
packing an emotional punch with your brand voice or leveraging color psychology
when designing your logo) can help you connect with your audience on a deeper
level and create a sense of loyalty to your brand.
Answer:
1. ……………………..
2. ……………………..
3. ……………………..
4. ……………………..
Answer:
1. ……………………..
2. ……………………..
Right or Wrong?
• “Broadly, a product is anything with a name that can be offered to a
market to satisfy a want or need,
• You can consider a brand as the idea or image people have in mind
when thinking about specific products
• A brand could be a person
19
Rebranding
Rebranding is the creation of a new look and feel for an
established product or company.”
“The usual goal of rebranding is to influence a customer’s
perception about a product or service or the company overall.”
Rebranding could be the name and visual identity or just visual
identity
Definition
Rebranding is the process of changing the corporate image of
an organisation. It is a market strategy of giving a new name,
symbol, or change in design for an already-established brand.
The idea behind rebranding is to create a different identity for
a brand, from its competitors, in the market.
Types of Rebranding
There are two main types of rebranding, Proactive and Reactive
Proactive
• Proactive rebranding occurs when company executives are thinking ahead or see a growth
opportunity.. a company recognizes that there is an opportunity to grow, innovate, tap into
new businesses or customers, and to reconnect with its users.
Let’s understand with the help of an example – Titan Industries rebranded itself in 2013 and
changed the logo as well as the name to Titan Company. The new logo highlighted the
company’s commitment to "create value, innovate, and maintain highest global standards".
S Ravi Kant, CEO of the company's eyewear division says the word 'Industries' in the
company's name was limiting its scope in the consumer's mind as it was perceived to be
only a manufacturing company - a long way from the lifestyle-oriented image it wants to
carry forward.
"The word 'Company' is very contemporary and very modern, as opposed to 'Industries'
that refers to manufacturing," Kant explains.
Reactive
• Reactive is when the company responds, i.e., ‘reacts’ to something. Perhaps it responds to a
series of events that have altered the company’s or a product’s image Reactive rebranding is
done in a situation when the existing brand has be discontinued or changed. Possible
reasons for such a action could be mergers & acquisitions, legal issues, negative publicity
such as fraud, aiming to beat the competition, or create your own niche.
Let’s understand with the help of an example., Mobinil becoming Orange (acquisition)
1. Predicted Growth:
• When a company is preparing for expected growth, particularly international growth,
it might rebrand products and services into a consolidated brand. This is often done
for consistency and to save money over time. This type of rebranding is also done
when a company simply needs to create a greater sense of brand unity across its
business.
3. New Audience:
• When a company wants to appeal to a new audience, a rebranding might be
necessary. Keep in mind, the rebranding might not require an actual name or logo
change.. Your branding, however, is not performing well among your new target
people.
• Let’s look at Old Spice. They implemented this strategy after discovering that 60% of
men’s body washes were purchased by women. The famous brand decided to reach
female audiences with their new commercial. Their new campaign received 105
million views on YouTube, drove traffic to the brand’s site, and earned 1.2 billion
impressions.
4. Relevancy:
• When a company realizes its brand is losing relevancy in consumers’ minds, it might
be time to rebrand. The Yellow Pages rebranding is a perfect example. With the use of
printed Yellow Pages directories declining, Yellow Pages rebranded to YP and began to
focus more attention on the digital space making it significantly more relevant.
1. Merger or Acquisition:
• When companies merge or acquire other companies (and even when they break
apart), rebrandings are often required. That’s how we’ve gotten brand names like
Pricewaterhouse Coopers and Bank of New York Mellon. When AT&T broke up into
three separate companies in the late 1990s, Lucent Technologies was born. These
types of rebrandings are very common and often go through multiple iterations.
2. Legal Issues:
• There are a number of different legal issues that could cause a company to rebrand.
Trademarks are often at the root of these rebranding examples. That’s why it’s so
important to conduct an exhaustive trademark search and obtain the trademark
rights to your brand name before you launch it.
3. Competitive Influences:
• Sometimes a company’s competitors’ activities can be the catalyst to a rebranding.
When a competitor renders your brand useless or dated, a rebranding could help
you regain a foothold in your market and give you the facelift you need to
effectively strike back.
4. Negative Publicity:
• Remember a brand called “LANG”? A detergent which carried the bad perception
of being a very low performing product in the worlds of detergents. In 1998, P&G
bought it and renamed it. the brand was reborn as ”BONUX”, representing a great
example of effective rebranding in response to negative publicity.
Before
After
• one of the most widely accepted definitions indicates that brand equity is
“the added value with which a given brand endows a product”
• First, the financial perspective explores the financial value brand equity
generates for an organisation (firm- based brand equity).
• Second, the consumer perspective, drawing from cognitive psychology,
focuses on the added value created by the different ways consumers
perceive the value of the brand in their life, and how their perceptions
influence their behaviour (customer- based brand equity).
• Third, the economics perspective examines the added value created by the
extra utility (other products with same brand name) a brand gives to a
product or service.
• Fourth, the employee perspective is about the “differential effect that
brand knowledge has on employee’s response to their work environment”
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Brand Equity
it is important to show how the consumer and financial approaches are
connected, and to use clear terms with limited boundaries so that they can
be measured.
• Brand assets. These are the sources of influence of the brand
(awareness/saliency, image, type of relationship with consumers), and
patents.
• Brand strength at a specific point in time as a result of these assets within
a specific market and competitive environment. They are the ‘brand equity
outcomes’ if one restricts the use of the phrase ‘brand equity’ to brand
assets alone. Brand strength is captured by behavioural competitive
indicators: market share, market leadership, loyalty rates and price
premium (if one follows a price premium strategy).
• Brand value is the ability of brands to deliver profits. A brand has no
financial value unless it can deliver profits. To say that lack of profit is not a
brand problem but a business problem is to separate the brand from the
business, an intellectual temptation. Certainly brands can be analysed from
the standpoint of sociology, psychology, philosophy and so on, but
historically they were created for business purposes and are managed with
a view to producing profit.
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Building Equity
1. Make the consumer aware of the brand and associate the brand with a
specific category or consumer need (brand identity)
2. Create brand meaning in consumers’ minds by linking certain properties
of the brand with a range of tangible and intangible brand associations
(brand meaning)
3. Generate rational and emotional consumer responses to this brand
identity and meaning (brand responses)
4. Transform these consumer responses to intense and long term loyalty
relationships between the consumer and the brand (brand
relationships)
IMC 345 – Branding and Brand management – Fall 2023 32
Building brand Equity
The four steps of the pyramid represent four fundamental questions that your
customers will ask – often subconsciously – about your brand.
These four steps also contain six building blocks that must be in place for you to
reach the top of the pyramid, and to develop a successful brand.
1. Brand Salience
• Components of Brand saliency
• Awareness
• Recall
• Recognition
• Branding objectives: awareness depth
and breadth
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Brand Equity
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2. Brand meaning
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3. Brand Responses
• The companies must cater for the consumer’s response. Keller segregates these responses
into consumer’s judgments and consumer’s feelings.
• Consumer Judgments − They are consumer’s personal opinions regarding the brand and
how he has put imagery-related and performance-related associations together. There are
four types of judgments crucial for creating a strong brand −
• Quality, Credibility, Consideration, Superiority
• Consumer Feelings − They are consumer’s emotional reactions to the brand. They can be
mild, intense, positive, negative, driven from heart or head. There are six important feelings
crucial in brand building −
• Warmth, Fun, Excitement, Security, Social approval, Self-respect
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4. Brand Relationships
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Let’s
exercise
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Brand Equity to Dollar value
2021
2022
43
Branding – strong vs. weak brands
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Branding – strong vs. weak brands
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Branding – strong vs. weak brands
Brand Brand
Purpose Positioning
Brand
Brand Identity
Differentiation
Brand
Brand Trust
Beneficence
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Kotler’s Brand Conceptual Model
Brand purpose
• Brand purpose inspires your mission and beliefs, and radiates out
through company culture, codes of conduct and business decisions.
• Ultimately it can touch every part of a business.
• For example, imagine a clothing brand that’s founded and run by
people who are passionate about sustainability. It naturally follows
that they will build recycling and energy-saving into their
manufacturing processes and invest in eco-friendly materials.
• They are also more likely to build products designed to last a long
time, since that minimizes waste and reduces the need for more
clothes to be manufactured. They’ll need skilled, engaged
employees who care about quality and are able to innovate and
evolve the product, making it better and better.
• The company culture will reflect values of sustainability, and
employees and customers will be more likely to adopt sustainable
behaviors and habits. All of this starts from a single factor – the
company’s brand purpose.
Definition
• A brand purpose is essentially a brand’s
reason for being beyond making money.
• It’s important to not confuse this with a
‘brand promise’. A brand promise may give
the buyer an idea of what to expect from the
product or service, but the brand purpose
goes way beyond that.
• A brand purpose connects with consumers on
a more emotional level. Likewise, brand
purpose isn’t the same as social purpose,
though there are similarities. To clarify this, a
brand purpose is about product-led initiatives
which strive to simultaneously achieve
business and benefit society.
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Kotler’s Brand Conceptual Model
Brand purpose
Why we exist
What we aim to
achieve
How we aim to
achieve it
How we differentiate
from competition
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Kotler’s Brand Conceptual Model
Brand purpose
• Brand purpose
The overarching reason for being behind your brand, and what it
contributes to the world.
Example:
Make zero-carbon transport a reality for all
• Vision
The long-term goals you strive for
Example:
Make affordable, safe electric vehicles available to every person
in North America
• Mission
How you will achieve your goals
Example:
In manufacturing, marketing and servicing our electric vehicles,
we will continually innovate and strive for lower costs and higher
quality. We will always put safety first in everything we do.
• Brand values
How you behave and act as you do business – the essence of
your company culture.
Example:
Trust, teamwork, accountability, passion and focus
• Knowing the deeper ‘why’ your company or brand exists provides the
foundation on which to build everything else — your ‘how’
(organizational culture, brand experience) and your ‘what’ (what
products or services you offer).
• The clearest example is Tesla. This is Tesla’s original brand purpose:
Tesla’s mission is to accelerate the world’s transition to sustainable
transport.
• ‘How’ they did it was by creating a culture of technology, design and
innovation fueled by a gigantic ambition to move the world away
from polluting fossil fuels.
• What’ they created to do it, was a series of supercool electric
vehicles as well as the entire infrastructure (a network of charging
stations, a massive Gigafactory to make cost-efficient batteries) to
support them.
• As Tesla founder Elon Musk himself put it:
“Putting in long hours for a corporation is hard. Putting in long hours for
a cause is easy.”
WHY IS IT IMPORTANT TO
HAVE A BRAND PURPOSE?
• Here are some key advantages to having a brand
purpose:
• Your brand purpose adds value not just to the
lives of customers but to society as a whole.
• Having a brand purpose can help build a more
emotional relationship between a brand and its
consumer, which in turn, helps to boost sales as
well as loyalty.
• A unique brand purpose can differentiate your
brand from competitors.
Examples
• Unilever
• Super-corporation Unilever has publicly put its faith in brand purpose, with CEO
Alan Jope stating: “Two-thirds of consumers around the world say they choose
brands because of their stand on social issues, and over 90% of millennials say
they would switch brands for one which champions a cause.”
• Jope wants every Unilever brand to have a purpose, and was even quoted by
Forbes as saying “brands that don’t stand for something will be disposed of”
• Within Unilever’s stable of fast-growing purpose-driven brands, a diverse range
of values and causes is represented.
• Ben & Jerry’s ice cream is aligned with climate change and anti-racism,
• Dove champions women’s self-esteem and body positivity,
• while anti-bacterial soap brand Lifebuoy seeks to improve health and
hygiene in developing countries.
• Unilever itself has not chosen a particular cause, but is committed to giving every
brand the time and space to find its purpose and express it.
Identify your
purpose
• The first step to
discovering your brand
purpose is defining
your “why.” And the
best way to do that?
Asking yourself some
deeper questions.
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Kotler’s Brand Conceptual Model
Brand purpose
To help you further define your why, what, and how, here are some
questions to focus on:
• Why did you start this particular business, other than the desire to
make money?
• How do you differ from other options or competitors? What are
your special strengths? (e.g., experiences, abilities, values,
processes, or proprietary offerings)
• What is it you want your business to be known for?
• What particular problems are you attempting to solve?
• What is the change you want to make in the world /society /
community?
• In what ways can you uniquely help alleviate such a problem and
make that change in the world?
• What are the specific things you’re looking to change in your
industry?
• What are your customers saying, and what changes are they
seeking?
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Kotler’s Brand Conceptual Model
Brand purpose
1. An archaeological dig
A deep-dive into the history and heritage of the brand, the story of the founders,
it’s reason for coming into existence in the first place.
• For example, Unilever was founded by William Heskith Lever in the 1890’s who
started with Sunlight Soap, which helped revolutionize hygiene in Victorian
England. Here’s what he wrote down as it’s purpose:
“To make cleanliness commonplace; to lessen work for women; to foster health
and contribute to personal attractiveness, that life may be more enjoyable and
rewarding for the people who use our products”.
• Today Unilever is a multi-billion dollar company which has it’s stated
purpose “helping people to look good, feel good and get more out of life.”
2. A brand evaluation:
Looking at a brand’s strengths (what you are good at) and passions (brand passion
points), and their intersection with how the brand can be of service to the world.
• For instance: Red Bull’s purpose is ‘to revitalize mind and body’ (expressed in
the form of their tagline ‘Red Bull Gives You Wings’. They are passionate about
the world of action sports, and they have become really good at creating brand
experiences and content that were of service to that community.
• The result? A company that allegedly makes more money from that content
and experiences than the drink .
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Kotler’s Brand Conceptual Model
Brand purpose
Similarly, asking your customers (and associated stakeholders like retailers, suppliers
and other partners) can help unearth valuable insights as to the distinctive, own-able
higher-order purpose for your business.
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Kotler’s Brand Conceptual Model
Brand purpose
• Lest you think that this approach only works in developed markets, here’s
another favorite example from the paint brand Dulux, whose purpose is to ‘add
color to people’s lives’.
• They believe that color means emotion: optimism, positivity, inspiration. They
backed that up with the Let’s Colour project which gives neighborhoods around
the world free paint to brighten up schools, car parks, and other community
areas. The result? Over 1200 projects around the world in Asia, South America
and Europe- and a positive impression of the brand more lasting than any short-
term piece of billboard ever could.
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Kotler’s Brand Conceptual Model
Measuring Brand purpose
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Kotler’s Brand Conceptual Model
Measuring Brand purpose
The index comprises more than 20,500 individual ratings from over
5,500 U.S. consumers and employees, encompassing more than 200
brands from 50 industries. The research was conducted via online
survey in April 2022, as part of the study's third wave, following one in
2019 and another mid-pandemic in 2021. A fourth study is planned
for 2023.
1.Seventh Generation
2.TOM’S
3.Zoom
4.Allbirds
5.AbbVie
6.Burt’s Bees
7.Wegman’s Food Markets
8.USAA
9.Tesla Motors
10.REI
11.Google
12.UnitedHealth Group
13.Pfizer
14.LG Corporation
15.Clorox
16.General Electric
17.Patagonia
18.Panera Bread
19.Toyota
20.Roche
§ The vision, mission and value are the inspiration for brand purpose
§ What are the 4 places which can help in finding and developing your
brand purpose?
True or False
§ Nestle water is aiming at supplying all Egyptian villages with running water
by 2030. this is called
• Purpose
• Vision
• Mission
• Value
§ A powerful brand purpose sets out a company’s intent to change the
world for the better and connects with consumers on a personal level
§ The purpose index comprises 5 elements which are?
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Kotler’s Brand Conceptual Model
Brand Positioning
Brand Brand
Purpose Positioning
Brand
Brand Identity
Differentiation
Brand
Brand Trust
Beneficence
For 50 years, Mars was little more than a chocolate bar. The essence of
Mars is energy; its positioning is as a meal substitute in the UK and as a
revitalizing snack in Europe.
It is this degree of freedom between identity, essence and positioning
that enables a brand to change over time while still remaining itself.
Thus, over time (40 years), Evian has changed its baseline on several
occasions, symbolizing a change in its angle of market attack as the
market itself has changed. It has become increasingly saturated with
competing brands, the original consumers have aged, and low-cost
brands have carved out a significant share.
• Volvo: For upscale American families, Volvo is the family automobile that offers
maximum safety.
• Home Depot: The hardware department store for do-it-yourselfers.
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Linking
positioning to
business
A new approach called the centrality-distinctiveness (C-D) map, is the first tool that allows
companies to directly connect a brand’s position on a perceptual map with business
outcomes such as sales and price.
Using the tool, managers can determine a desired market position, make resource allocation
and brand strategy decisions, track performance against competitors over time, and evaluate
strategy on the basis of results. In the process, they will find that centrality and distinctiveness
need not be contradictory goals; companies may choose to pursue both—and benefit
substantially.
By focusing on centrality and distinctiveness—dimensions that, unlike narrow product
characteristics, apply to brands in all categories—companies can make comparisons across
categories and geographies. Where a brand falls on the map has implications for sales, pricing,
risk, and profitability. Marketers can also make important strategic assessments such as “This
market is more crowded with distinctive brands than that one.”
• Unconventional
• Unconventional brands are usually specializing in a niche
product or service and aren’t particularly central. As such,
unconventional brands should expect low sales volumes, and
instead look for profitability through higher prices.
Unconventional brands are not especially appealing to the
population at large. For example, car brands like Tesla fall into
unconventional quadrant
• Key Aspect
• Profitability at low volumes by charging higher rates for their
service due to not standing within a crowded market.
• Challenge
• The niche market brand may be invaded by large companies,
and small marketers may find it difficult to compete.
• Strategic Context
• Migrate from the unconventional to the aspirational quadrant
by making the brand’s unique features more mainstream or
adding mainstream features.
• Aspirational
• Often attracting the most profitability of the four
categories, ‘aspirational’ brands combine both centrality
and distinctiveness in high measure. This means they hold
mass appeal but can keep their prices high due to a strong
reputation. For example, brands such as Mercedes and
BMW fall into this quadrant which accounts for a solid 30%
of unit sales of cars
• Key Aspect
• Take advantage of high sales volumes and premium pricing.
These trusted brands are well positioned to launch
innovations that redefine the category.
• Challenge
• Often challenged by brands from the more distinctive
unconventional quadrant or more central mainstream
quadrant.
• Strategic Context
• Must focus to make their distinctive features sufficiently
mainstream to be widely appealing without becoming run-
of-the-mill.
Peripheral
• Peripheral brands are neither central nor distinctive, yet
they can still generate high profits due to low marketing
and innovation costs. They offer benefits similar to the
central brands; consumers typically buy them as
substitutes, generally because they are attracted by lower
prices or have minimal engagement with the category. For
example, car brands like Hyundai fall into peripheral
quadrant (
• Tend to replicate a product or service of a mainstream
brand and draw in customers with lower prices. However,
business models may still prove profitable due to low
marketing and innovation costs.
• Challenge
• Low marketing and innovation cost result lower
engagement with the category, which in long run effect the
business growth and sustainability of the brand.
• Strategic Context
• May attempt to shift positioning by adding distinctive
features or launching advertising campaigns, but this is an
uphill and expensive battle.
Mainstream
• Mainstream brands build their central position through
careful engineering and product development to align with
(or even shape) popular tastes and through heavy advertising
to make the brand synonymous with the category. They can
shape markets & consumer preferences more adeptly than
brands in other quadrants can. For example, car brands like
Ford and Chevrolet and popular beer brands like Miller and
Busch fall into mainstream quadrant
• Key Aspect
• Their strategic position calls for risk-averse stewardship of the
brand; they avoid rocking the boat. They are generally
regarded as reliable, recognizable brands.
• Challenge
• The primary competitive challenge to mainstream brands
comes from peripheral and unconventional products that
could become central as consumer tastes shift.
• Strategic Context
• Align centrality with distinctiveness by influencing the market
and generate higher sales volumes by offering lower prices.
Example
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Kotler’s Brand Conceptual Model
Brand Positioning
Example
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KOTLER’S BRAND
CONCEPTUAL MODEL
Brand Differentiation
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Kotler’s Brand Conceptual Model
Brand Differentiation
Brand Brand
Purpose Positioning
Brand
Brand Identity
Differentiation
Brand
Brand Trust
Beneficence
Positioning VS Differentiation
Who is the car for and what job will it do for that
customer?
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KOTLER’S BRAND
CONCEPTUAL MODEL
Brand Identity
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Brand Identity
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Visual Identity
visuals
•Logo
•Colors
•Typography
•Design
System
•Photography
•Illustration
•Iconography
•Interactive
elements
•Video and
motion
•Web design
•Etc….
visuals
The dairy alternative trend is growing in popularity, and Oatly is
becoming a prominent brand leading the charge. The oat-based
beverage’s bold font and illustrations with striking thick lines
represent the company’s daring ambitions.
Headspace
• Meditation app Headspace also features a cheery color palette that
brings joy (and delivers on the mission of their meditation app:
(less stress, more joy).
• Naturally, the identity extends to their site, app, and even
their Instagram. With inspirational quotes and charming illustrated
characters, they ensure a cohesive experience with every piece of
content.
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Brand Identity
visuals
Studio Lush
• Sophisticated brand identities
• For brands courting savvy buyers, the primary goal of branding is
communicating that they’re the sophisticated choice.
• The key to keeping it smart, sophisticated and dare we say, sexy,
is to juxtapose branding elements that communicate luxury, like
glossy black and thin geometric patterns, with more dynamic,
even playful elements like bold colors and unexpected fonts.
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Voice and Tone
Uber
Uber’s tone of voice provides a set of core elements to
define quality writing across all touchpoints.
The Uber brand voice is considerate, simple, bold and
consistent.
Uber brand voice guidelines shows you a bunch of
examples on how to write copy (before and after).
Harley-Davidson
Harley-Davidson is a perfect example of how a more aggressive
tone can be used for the right brand.
The Harley-Davidson voice is strong, confident and aggressive.
Some brands try to speak in a pleasant and cheerful way or with
a playful and fun voice, but Harley is definitely not one of them.
Harley-Davidson tone of voice challenges the reader to show that they are worthy of handling
one of their motorcycles.
The brand clearly fits the Outlaw archetype, therefore their personality is rough and rugged, so
it’s their voice.
They show their personality through a unique and consistent tone of voice that speaks well to
their target audiences.
This type of voice resonates well with rebellious, bold, and fiercely independent customers (or
wanna-be).
Everything about their marketing evokes confidence, freedom, patriotism, and masculinity —
just look at their website and the headlines they use.
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Core Value
Core Value
What Are Core Values?
• Core values are part of a company’s DNA. They define
what an organization stands for, highlighting an expected
and ultimate set of behaviors and skills
Core Value
Amazon.com’
Customer Invent and
s Leadership obsession
Ownership
simplify
Principles
Brand personality
Brand personality
Nike
The personality of Nike is excitement.
A brand can serve as a person’s personal statement even if that person
were stranded on a desert island.
Nike has an active lifestyle, inspirational, exciting, cool personality.
Nike-as-a-person would be exciting, provocative, spirited, cool, innovative,
aggressive, and into health and fitness.
Tesla
• The personality of Tesla is excitement &
sophistication.
• We use brands as self-expressive
statements, particularly the cars we drive
and the clothes we wear.
• Tesla has an exciting, visionary,
charismatic, courageous, spiritual
personality.
• Driving a Tesla provides a self-expressive
benefit—others will observe and make
judgements about you.
Brand personality
Volvo
• The personality of Volvo is sincerity & competence.
• A trustworthy, dependable, conservahve personality might
be boring but might nonetheless reflect characteristics
valued in an auto brand such as Volvo.
• Volvo has a responsible, trustworthy, reliable, family-man
personality.
• The emotional positioning of the Volvo brand is firmly
connected with sincerity and competence.
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Kotler’s Brand Conceptual Model
Brand Trust
Brand Brand
Purpose Positioning
Brand
Brand Identity
Differentiation
Brand
Brand Trust
Beneficence
• Just as you can’t trust a person whom you can’t depend on,
consumers don’t trust brands that they can’t depend on. And you
certainly can’t expect consumers to buy your brand, stay loyal to
your brand, and tell other people positive things about your brand
if they don’t trust it. Bottom-line, building brand trust is a
fundamental part of developing your brand, and it needs to be
prioritized as such.
• A brand needs brand trust so that customers will believe that the
brand will deliver what it claims.
• Apple customers trust that their Apple phones and Apple
computers will deliver what the company claims.
1. Consistency
• Powerful brands develop as people begin to believe the brand
promise based on their experiences with that brand. Those
experiences develop into perceptions and expectations. If your brand
doesn’t meet consumer expectations in every customer interaction,
they’ll become confused and turn away from your brand in search of
one that does meet their expectations in every interaction.
• Don’t let them get away! Use your brand identity guidelines to
ensure your brand is always presented in a consistent manner.
2. Persistence
• Brands aren’t built overnight. To build a brand, you need to be
patient and don’t give up.
• Continually put out messages and brand experiences that
consistently communicate and support your brand promise. This is
how you develop brand awareness, recall, purchase intent, loyalty,
and advocacy.
• Entertainment brands provide excellent examples for persistence in
brand building. For the Hollywood crowd, any day that a celebrity
isn’t in the news is a step closer to being out of the business.
Celebrities are trained to stay top-of-mind or they’ll lose their
relevancy, their popularity, and ultimately, their incomes. —
persistence in brand building.
3. Restraint
• It can be tempting to extend your brand into new markets, product
lines, and regions when the potential to make more money dangles
in front of you like a carrot on a stick. However, everything your
business does must consistently communicate and represent your
brand promise.
• Therefore, you must exercise restraint. Because if you don’t you
could do more harm to your brand and business than good. Don’t
give into temptation without thoroughly analyzing opportunities to
ensure they are an appropriate fit for your brand.
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Kotler’s Brand Conceptual Model
Brand Beneficence
• The only other group that can offer help in solving social
problems are business organizations.
• Unilever’s website tells us more about their way of
thinking: Research shows that consumers are actively choosing
to buy brands that they believe are doing social or
environmental good. This is why we are developing our
‘sustainable living’ brands.
• TOMS ballet flats are cute, comfortable, and best of all, socially
conscious.
• Since 2006, TOMS’ footwear business has donated more than 60 million(!)
pairs of shoes to children in need all over the world. As if that weren’t
enough, TOMS’ eyewear division has given more than 400,000 pairs of
glasses to visually impaired people who lack access to ophthalmological
care.
• The company has further diversified its operations to include clean water
initiatives through its coffee business, and its line of bags has helped
support projects to expand access to birthing kits to expectant mothers in
developing nations as well as training for birth attendants. To date, TOMS
has helped more than 25,000 women safely deliver their babies.
Mondelēz International is
one of the world’s largest
confectionery, food, and
beverage companies in the
world with a portfolio of
brands like Oreo, Cadbury,
Tang, Chiclets and others.
In contrast, by utilizing
a brand portfolio the
organization is able to
focus on the big
picture. This allows
resources to be better
distributed to where
they can do the most
good. so creating the
most value as well as
reducing needless
overlap.
EVERY ORGANIZATION
NEEDS TO CONSIDER ITS
BRAND PORTFOLIO. EVEN IF
A COMPANY HAS ONLY ONE
BRAND, IT MAY DECIDE TO
LAUNCH OR ACQUIRE A
NEW BRAND OR INTRODUCE
A SUB-BRAND OR BRANDED
SERVICE. ALL OF THESE
MOVES IMPACT THE
BROADER BRAND
PORTFOLIO.
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1. The primary brand is the main name on a
product or service. This is generally the largest
branding element on a product package or in a
piece of communication. This is also what
people refer to when they talk about the brand.
Facebook, Apple, and Lufthansa are all primary
brands.
By definition, every brand has a primary brand. The
very simplest branding structures have just a
primary brand and product description.
Brands such as McDonald’s restaurants, Starbucks
coffee, Northwestern University, and Google search
engine are all examples of a primary brand followed
Some by a product description.
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3. Endorser brands
• Companies will use an endorsement branding
strategy to highlight a connection to another
brand
• Marriott Corporation makes extensive use of
endorser brands in its portfolio. The
company’s brand portfolio includes
• Residence Inn by Marriott,
• Courtyard by Marriott,
• AC Hotels by Marriott,
• Protea Hotels by Marriott,
• and many other brands that carry a Marriott
endorsement.5 The goal of this approach is to
Some let people know that the different brands have
a connection to Marriott, which means
important travelers can count on a certain level of quality
and reliability as well as a common rewards
Definitions program.
4. Ingredient and Service Brands Companies can brand
The primary ingredients in addition to branding the core product or
brand service
• Ingredient branding is commonly used to differentiate
from competitors. If a company can brand one of its
ingredients, it becomes a point of differentiation. A
vague phrase, such as “heavy duty” or “high quality,” is
easy for competitors to copy.
• A branded ingredient or service is different because it is
legally protected, so it cannot be copied by
competitors. A branded ingredient or service can
become an enduring point of differentiation. A
competitor could create its own ingredient brand, but it
can’t use the same one.
• This is a fairly common approach to differentiation. For
example, Glad trash bags employed this strategy by
adding a fragrance to its bags and creating a branded
ingredient, OdorShield. The brand OdorShield wasn’t
part of the product name, but it was prominently
featured on the package. Similarly, Chrysler created an
ingredient brand around an engine, the Hemi, to
indicate a high level of performance. In hotels, Westin
introduced the Heavenly Bed.
• Service brands are similar to ingredient brands but are
used for particular service offerings. Air France-KLM
created a new brand for its rewards program, Flying
Blue. Lufthansa used a similar approach with the Miles
& More brand.
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Brand Portfolio Models
Models
124
Branded
House
• Branded House The opposite brand portfolio strategy is the branded house. In this
model, a company takes a single primary brand across multiple products and
categories. Purely executed, all the products a company produces are sold under a
single brand name. Most often the corporation has the same name as the primary
brand.
• Uber is an example of a
branded house. The company,
founded by Travis Kalanick and
Garrett Camp in 2008,
operates solely under the Uber
brand. In a bid to drive growth,
Uber has expanded its product
offerings, providing food
delivery and unique
experiences. It continues to
leverage the Uber brand name.
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Branded House
127
Hybrid Model
Benefits :
• It is easier for consumers to recognize the products.
• It increases brand awareness
• Focusing brand marketing (and marketing spending) on a single brand strategy.
Challenges :
• If a product/service goes through a crisis, the whole brand may suffer – any
negativity associated with a service/product is attributed to the brand and all its
other products/services
Benefits:
• An endorser brand can work as assurance of quality for the product brand, it can
increase consumer’s perception and confidence
• Marketing activities advertise both the product brand and the endorser
• The connection between product brands can facilitate cross-selling
Challenges:
• If a brand goes through a crisis it is hard to control the damage because the crisis
can extend to the parent brand and also to the other brands.
• There will be creative, legal, and time-to-market costs for every endorsed brand
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House of brands : Separate identities for each brand. It is common for the consumers to
not be aware of the parent brand.
Benefits:
• If a free-standing brand goes through a crisis, it is not “contagious” to the other brands
• Full liberty in creating the identity: freedom to create different brand strategy, name, logo,
design, and creative campaigns
• Presence in different market niches, targeting different audiences
• There is no need to stretch a brand beyond its positioning: if an opportunity is compelling
but the existing brands in the portfolio are not appropriate, the company can acquire or
launch a new brand.
When PepsiCo saw a need for a carbonated drink to compete with LaCroix sparkling water, for
example, it expanded its portfolio in 2018 by launching a new brand, Bubbly, targeted precisely
at the opportunity. This made perfect sense: extending the Pepsi brand itself into carbonated
water would have created confusion about the new product and confusion about Pepsi.
Challenges
• The fact that every brand needs its own strategy, identity and marketing activities is a
financial disadvantage.
• The time and resources involved in planning and implementing the brand activities will be
greater
• Success will not be directly attributed to the parent brand.
• it can be a challenge to manage. Each brand needs to make decisions about pricing, new
products, advertising, and other matters. If a company doesn’t have an entrepreneurial
culture, a house of brands approach can lead to debilitating complexity.
Benefits:
• You can target many different customers because the sub-brands have different names,
logos, different promises, positions and personality traits – you can address conflicting
audiences.
Challenges:
• Legal and creative / marketing costs of creating new sub-brands
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The hybrid Model approach can present the best of all worlds.
Benefits
• The awareness and rapid market penetration that a known brand
can lend to either a new offshoot or a smaller acquisition can be
very beneficial.
• But it also allows the flexibility for stand-alone brands where this
would be an advantage.
• Equally, if a brand that is either neglected or has other difficulties
gets brought under the wing of a trusted parent brand, it can help
to negate the negative image of the brand that is acquired.
• In the case of platforms or services such as Bonjorno (acquired by
Nestle), the ability to make the transition in ownership seamless by
leaving the brand intact also helps to retain the brand’s users.
Challenges
the structure of
Brand architecture is
brands within an organizational
entity. It is the way in which the brands within a
company's portfolio are related to, and differentiated from,
one another.
Brand architecture describes the role of the corporate brand
in marketing products and services, as well as the relation
between all the brands, sub-brands, products, variants, and
acquired businesses in the company’s portfolio. It is often
perceived as an area of interest in big organizations only,
though if you sell just one product or service and need to
decide whether it will be called the same as your company or
differently, it is also a brand architecture decision.
PRODUCT
MIX
Length: Total
number of
products
Depth: total
number of The
products Brand Width:
within a number of
product line product
lines
Length: Total
number of
products
Depth: total
number of The
products Brand Width:
within a number of
product line product
lines
The extension of the line typically takes on one of the following shapes:
2. MULTI BRAND
144
Brand Extension
Failures
1
4
7
• Can lead to brand dilution: Brand dilution is the weakening of the power of the brand
because of its overuse. It happens when the company uses the brand extension strategy in
almost every industry it wants to enter into without considering the logical relationship
between the existing and new products. This often confuses the customer about what the
brand stands for and what to expect from it.
• Can damage the existing brand image: If the spin-off can’t stand up to the expectations of
the target market or if its positioning strategy backfires, the existing brand image is affected.
} New brand
True or False
Brand architecture is the structure of brands within an organizational entity. It is the way in which
the brands within a company's portfolio are related to, and differentiated from, one another.
The Length of the mix refers to the number of product lines the company has to offer.
Fedex name is always present and linked to the extensions. This strategy is called “house of
brands”.
A product line extension is the use of an established product brand name for a new item in
the same product category.
Product line extension can help getting consumers whom were not interested in the main
product line.
A multi-brand strategy involves having more than one brand competing in the same product
category.
A “star” brand possesses a large market share, and at the same time, its market growth
potential is promising. .
the BCG matrix is developed once at the launch of a new brand and stays the same and is used as
a benchmark to monitor the brand’s growth.
MARKET
EXPANSIONS
153
When employing a market penetration strategy, management seeks to sell more of its
existing products into markets that they’re familiar with and where they have existing
relationships. Typical execution strategies include:
• Increasing marketing efforts or streamlining distribution processes
• Decreasing prices to attract new customers within the market segment
• Acquiring a competitor in the same market
Consider a consumer packaged goods business that sells into grocery chains.
Management may seek greater penetration by amending pricing for a large chain in order
to secure incremental shelf space not just for packaged food products but also for several
lines of its pet food products, too.
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Market Expansions
The Ansoff matrix – Market Development
Market Development is about selling more of the company’s existing products to new
markets
A market development strategy is the next least risky because it does not require
significant investment in R&D or product development. Rather, it allows a management
team to leverage existing products and take them to a different market. Approaches
include:
• Catering to a different customer segment or target demographic
• Entering a new domestic market (regional expansion)
• Entering into a foreign market (international expansion)
An example is LG home appliances; management made a decision to aggressively expand
into the Middle East market to sell its already very popular products. While building an
advertising and logistics infrastructure in a foreign market inherently presents risks, it’s
made less risky by virtue of the fact that they’re selling a product with a proven roadmap.
• This is what for example IKEA has done over the past few
decades in order to become one of the biggest furniture
retailers in the world. IKEA started off expanding to markets
relatively close in terms of culture as to its home country
(Sweden) before targeting more challenging geographic
areas such as China and the Middle-East.
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Market Expansions
The Ansoff matrix – Product Development
A business that firmly has the ears of a particular market or target audience may look to
expand its share of wallet from that customer base. Think of it as a play on brand loyalty,
which may be achieved in a variety of ways, including:
• Investing in R&D to develop an altogether new product(s).
• Acquiring the rights to produce and sell another firm’s product(s).
• Creating a new offering by branding a white-label product that’s actually produced by a
third party.
An example might be a beauty brand that produces and sells hair care products that are
popular among women aged 28-35. In an effort to capitalize on the brand’s popularity and
loyalty with this demographic, they invest heavily in the production of a new line of different
hair care or beauty care products, hoping that the existing target market will adopt it.
• Automotive companies are creating electric cars to meet the changing needs of their
existing market.
IMC 345 – Branding and Brand management – Fall 2023 156
Market Expansions
The Ansoff matrix – Diversification
Diversification – The concept of entering a new market with altogether new products
• In relative terms, a diversification strategy is generally the highest risk endeavor; after all,
both product development and market development are required. While it is the highest
risk strategy, it can reap huge rewards – either by achieving altogether new revenue
opportunities or by reducing a firm’s reliance on a single product/market .
1. Related Diversification – Where there are potential synergies that can be realized between the
existing business and the new product/market.
• An example is a producer of leather shoes that decides to produce leather car seats. There are
almost certainly synergies to be had in sourcing raw materials, although the product itself and the
production process will require considerable investment in R&D and production.
2. Unrelated Diversification – Where it’s unlikely that any real synergies will be realized between the
existing business and the new product/market.
• Let’s work on the leather shoe producer example again. Consider if management wanted to reduce
its overall reliance on the (highly cyclical) consumer discretionary high-end shoe business, they
might invest heavily in a consumer packaged goods product in order to diversify.
Which of the four strategies in the Ansoff Matrix is generally thought to involve the highest risk?
• product development
• market penetration
• market development
• diversification
• Market Penetration
• Product development
• Diversification
• Market Development
Sarah wants to start offering Sushi in her restaurant where she used to offer Salads only, to attract the sushi lovers.
Which of these strategies is she considering?
1.Expansion
2.Market development
3.Market penetration
4. Product development
According to Ansoff’s matrix, a company that tries to increase sales by selling its existing products in a new market
is following what kind of strategy?
1.market development
2.diversification
3.focus
4.market penetration
5.product development
Analyzing
the
competition
1. Competitive Rivalry
• When rivalry is high companies are more likely to engage in price wars
Lowering the
prices
Or spending
more on
Cost
advertising
hence raising
the cost
Price
1. Competitive Rivalry
• Economies of scale
• Customers loyalty for existing brands
• Capital of investment required
• Government policies
• Access to distribution channels
3. Threats of Substitutes
Again, they can lower the prices which will decrease the
profit margin, or invest in advertising or product
development to give customers an incentive to stay, which
again in turn will decrease the profit
3. Threats of Substitutes
• The general need of customers is to travel, so they always look for alternatives
• Trains, busses and Cars
• In Asia travelling by high speed train is very common and increasing, the same
trend is growing in Europe, and the industry is facing a serious competition
from the Hyperloop threat
• Hyperloop is a new form of ground transport currently in development by a
number of companies, It could see passengers travelling at over 700 miles an
hour in floating pod which races along inside giant low-pressure tubes, either
above or below ground.
So we can say that the threat is Medium to High
Hyperloop
This force analyses how much power and control companies’ supplier has
over the potential to raise its prices or to reduce its quality of purchased
goods or services which in turns would lower an industries profitability
potential
• The number and concentration of suppliers plays a role in this area. The
more the number of suppliers the less their power
Also the power of suppliers is affected by:
• The switching cost
• Available substitutes
• Strength of their distribution channels
• Uniqueness of the supplier’s products
Let's say your business idea was to manufacture electronic devices. You'd have
to assess your supply options for a range of specialist components. If one
supplier dominated the components market, then they could raise their prices
without worrying about their own competitors. This might affect the viability of
your product.
We have to keep in mind that buyers are not always the end consumers , if it is
a manufacturing company for examples buyers can be retailers for example
• Buying power is high when there are a lot of suppliers to choose from
• Also when it is easy for them to switch from one company to another
• Buying power is low however when customers buy products in small
amounts, and when the seller's product is very different from any of its
competitors
• The internet has allowed customers to be more informed, and hence more
empowered as customers can easily compare prices online and get
information about a large variety of products and get offers from a lot of
companies instantly
In conclusion…
• Companies use Porter’s 5 Forces to assess competitors of
existing product lines, adjust their competitive strategy
accordingly, explore new product ideas, and evaluate
investment opportunities.
• If you’re wondering why you should put so much effort
into researching your competition in the first place, then
you should know that 19% of failed startups specifically
fail because they get outcompeted.
• And the easiest way to let your competitors win is not
knowing where you stand in an industry or marketplace.
You can’t understand the long-term prospects of a
product or service without knowing your current and
future competition.
Global marketing
strategies
The formula…….
Balancing standardization and localization
• In the end, it may not be necessary to choose a single marketing strategy,
global standardization vs localization. In fact, a balanced approach that blends
the advantages of each could give your company the best of both worlds. To
get started, your business will need to assess which elements to keep
consistent across countries and which to adapt for local markets.
• There’s no “right” way to expand your business internationally. And variations
between the 2 models are important to consider. We’re walking through the
four most common international business strategies companies use,
Examples
1. Moet & Chandon: The iconic champagne has been on the market since
1842 (Napoleon himself was a fan). Now, it remains one of the most
popular choices in a $700 million market, boasting a celebrity-packed
history from Napoleon to the Oscars. Every bottle is grown, produced, and
shipped from 2,000 acres of vineyards across 200 crus in France.
2. Red Bull: Austrian company Red Bull started as a small exporting
manufacturer in 1987 when their team hit on a brilliant global marketing
strategy: giving out free samples to adrenaline junkies in the United States
at skateboarding and mountain biking exhibitions. Today’s model is more
transnational in nature.
3. Victoria’s Secret: Though the global brand — and ever-present 2000s
lingerie chain — has manufacturers from around the world, the company
relies primarily on an export model and opening stores in smaller locations
like malls and airports as their point of entry with no changes in sizes or
styles for women anywhere in the world looking to figure out “the secret.”
• However, the greatest challenge with global strategy is knowing how much
standardization to pursue. Even top global brands still invest in some level of
localization and adaptation to local markets — just not so much that it
infringes on their scale and efficiency. You should expect to invest in a solid
localization process so that your customers can interact with your website,
mobile app, packaging, and more in their home language.
• Because this model requires a strong global presence to start with, it’s often
the end-game for international businesses, moving through the other models
before achieving a truly global brand. As a company, you’re taking a gamble
that your product has so much universal appeal that it will create demand
regardless of market tastes and preferences — which is also why so few
companies truly achieve this status:
• McDonald’s has a global scale with 36,000 fast food locations in more than
100 different countries worldwide. They adapt their menu and prices based
on the market, from a McSpicy Paneer in India (fried paneer cheese, tandoori
sauce, and lettuce) or poutine (french fries with gravy) in Canada.
• Nike sneakers and sports apparel can be found in over 170 countries, but they
change their network of influential sports celebrities and marketing strategy
based on the market. Depending on what sports matter, you can hear from
soccer phenom Cristiano Ronaldo to basketball star LeBron James and tennis
champion Rafael Nadal.
• Coca-Cola’s localization approach means you can order a “Coke,” a “Cola,” or
a “Coca” (which have a slightly different formula) depending on the market.
What makes this work across their 200+ countries is universal marketing
messages of happiness, enjoyment, and sharing. Combining this
standardization with variations in local flavors and packaging makes them
successful.
189
Example of communication
localization
• Ad localization is a process to adapt the copy, design,
and layout of national ads for a local audience. But it
isn’t a novel idea; just one that’s seen renewed
interest since Apple’s ATT update rolled out. And it
will be in the limelight even more so once Google’s
inevitable plan to phase out third-party cookies in
2023 comes to pass.
• Coca-Cola’s “Share a Coke” campaign is a brilliant
example of localization. In the US, the bottles said
Share a Coke with John or Sarah or Bobby. In Ireland,
they chose Irish names like Aoife and Oisín. But the
best example came from China where they used
terms like “classmate” or “close friend” because it’s
impolite to address anyone by their first name.
Coca-Cola USA
Monitoring brand
Performance
1. Introductory stage
This stage is characterized by a low growth rate of sales as the brand is newly launched and
consumers may not know much about it. Traditionally, a company usually incurs losses rather than
profits during this phase. Especially if the product is new on the market, users may not be aware of
its true potential, necessitating widespread information and advertising campaigns through
various media.
2. Growth
The growth stage is the period during which the brand eventually and increasingly gains acceptance
among consumers, the industry, and the wider general public. And as a result sales and revenues
start to increase. Profits begin to be generated, though the break even point is likely to remain
unbreached for a significant time–even until the next stage, depending on the cost and revenue
structures.
Initial distribution is expanded further as demand starts to rise. Promotion is increased beyond the
initially high levels, and word-of-mouth advertising leads to more and more potential customers
hearing about the product, trying it out, and–if the company is lucky–choosing to use the brand
regularly. Repeat orders from initial buyers are also obtained.
the growth stage is seen as the best time to introduce product innovations, as it creates a
positive image of the product and diminishes the presence of competitors who will be
attempting to copy or improve the product and present their own products as a substitute.
During this stage, sales growth has started to slow down, and the product has already reached
widespread acceptance in the market, in relative terms. Demand for the product ultimately
decreases due to competition and market saturation, as well as new technologies and changes in
consumer tastes. Actions the company takes may include:
•Improving specific features in order to resell the product (for instance, in the case of a car,
the manufacturer may include alloy wheels, new colors, sport or hybrid versions, or other
changes in order to keep sales going);
•Lowering prices in order to fight off competition;
•Intensifying distribution and promotional efforts;
•Differentiation efforts, in the hope that new customers will start to buy the brand.
•Finding a new targeted market.
The stage that lasts the longest in the product life cycle is the Maturity stage. It is at this time
that repeat business and purchases take the place of new customer buying. So, during the
maturity stage, the following occurs:
•Costs are lowered as a result of production volumes increasing and experience curve
effects
•Sales volume peaks and market saturation is reached
•Increase in numbers of competitors entering the market
•Prices tend to drop due to the proliferation of competing products
Profitability will fall, eventually to the point where it is no longer profitable to produce, and
production will stop. As a number of companies start to dominate the market, it becomes
increasingly difficult for the company in question to maintain its level of sales. Consumer tastes
also change, as do new technologies which may make the product become ultimately obsolete.
You can measure your brand performance by tracking how well your brand is
growing on social media. What people like, share, comment on, and subscribe to
provides insights into how your brand is performing.
Audience growth
Audience growth refers to how many followers you have on your social media
channels and the number of website visitors you get. You can track these on a
monthly basis to see how your brand is performing.
Audience interactions
Audience interactions refer to the number of views, likes, retweets, shares, and
comments you get on your social media and blog posts.
Measuring brand performance is not only about the number of social interactions
and the number of visitors to your website. It also involves evaluating how
potential customers move through your buyer journey.
• Understand your brand’s impression and market position among your existing
customers.
• Organic mentions of your brand in posts or blogs by non-customers.
• Mentions or recommendations by customers.
You need to determine how many people who are familiar with your brand understand what
your brand stands for. The key indicators are:
• How much do your customers know about your brand and its products or services?
• Do they identify your market positioning?
The two indicators to measure the familiarity of your brand are:
• Your customer’s rate of return to your business or its website.
• Time spent by your customer at your business or its website.
• Engagement rate on your social media platforms
Engagement rate
Once you establish your marketing strategy and start posting your content on a regular basis,
you need to measure the engagement around it.
There are different type of engagement and social media algorithms assign different value to
likes, comments, or shares.
Brand engagement will indicate how well your message resonates with your audience. The
more popular your content is, the more interactions you’ll receive. And the likes and
comments translate directly into the position of your posts on different social media
platforms. The higher the content ranks, the better chance more people will see the post.
To measure purchasing intent relative to your brand, you will have to consider a group of factors
related to your brand. Your brand might be selling the products directly, or through other
sources as well.
In your analytics, you can track how many visitors click a specific button, such as “Buy Now” or
“Contact,” with goals and events. These metrics indicate that users are interested in your
product or service.
4. Purchase
The purchasing stage of brand awareness looks at how many people buy your product or
service. In short, you’re looking at your sales figures.
20XX
Google Alerts
BrandMentions
PeakMetrics
Technically, this tool is not just for brand monitoring, but it works well for
this purpose.
All you have to do is type your company name (and variations) into the
search bar. The program sets up email alerts and notifies you whenever
something new pops up.
Competitor Spying
You can dig deeper into the competition and gain insight
into how they’re promoting themselves.
Business Intelligence
You can get action lists related to your mentions.
For example, if users want you to open a store in a specific
area, you can monitor engagement and see if it will be
profitable to obey their wishes.
• Technically, this isn’t a brand monitoring tool, but it’s hugely valuable if you want to
understand your market and your customers better.
• PeakMetrics uses Nielsen data to aggregate tons of information about consumer habits.
• But don’t worry about drowning in statistics and graphs. PeakMetrics can curate this data for
you into easy-to-read reports.
• Best of all, you can use the tool to see how well your marketing is doing.
• Once you start a new promotion, you can see how it impacts your customers and their buying
patterns.
• If your campaign is a hit, you can dive deeper to see why it resonated so well with your
audience. If it fizzles out, you know to adjust your strategy next time.
• Another benefit of tapping into Nielsen data is that you can monitor all channels, both online
and offline.
• For example, if you have any radio, TV, or magazine ads, you can get data about those too.