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of meaning a commercial trademark, the idea of indiivual styles and types of merchandise
have been around at least since the written record. For instance, there are ancient
documents commenting on a certain type of wine, jewelry, dye, or clothing as far back as
Egypt and Babylon. However, using the term to mark a specific type or image in the
minds of consumers did not really become popular until the mid-20th century (Wheeler,
2006).
Branding, then, is really information it is the sum of all the information about a
product, service, or organization that is used to communicate a certain image or
relationship to the consumer. It uses logos, visual clues, verbal messages, and is far more
than a name: Coca-Cola is a brand because of the connotation of the name and what
products, ancillary and otherwise, are offered, while Jones & Company is a name, but not
a brand (Vaid, 2003).
Within the subject of branding, however, there are four major myths that will help
us understand our analysis of a single branding example:
Myth #1 Brands are built only through advertising. Instead of just advertising, as it
may have been in the past, brands are now built through customer expereince,
which can be intanguble, but it the sum of all the customers interactions with said
company.
Myth #2 The purpose of the brand is primarily to influence the customer. Yes,
brands are developed to influence purchasing, but also to build a larger mystique for
employees, investors, and the general public, even if non-buying.
Myth #4 Brands are symbols and imply emotions and should be managed by
creativity rather than analysis. Yes, brands are emotional, but in order to acurately
judge their position, it is important to analyze their performance with consistent
benchmarks. Many companies get too caught up on the emotional side of their
brand, and neglect the quantitiative side.
branding to a new level one who has moved from the outmoded mold of 1960s
marketing, humerously described in the III Series MADMEN (for Madison Men, see:
http://www.amctv.com/originals/madmen/about/), to a more cenetered approach that
makes every employee, essentially, a brand manager: American Express.
American Express does not really sell anything tangible. Yes, they have some
American Express merchandise, but their primary focus for the consumer is to get as
many American Express cards into the hands of qualified customers as possible. Money
is generated through the fees charged to retailers and credit card clearing houses. But,
American Express is essentially branded as a service-oriented business top notch
service that customers receive in their interaction with all American Express staff
(American Express Joe Bihlmier interview, 2002). How have they done this?
Customer Contact Every step of the American Express experience has been refined
to be different and competitive from all other credit and charge card companies.
Employees are highly trained, speak English in a professional manner, and rather than
take the offensive on certain situations, begin the discussion with the customer as the
#1 priority.
Accuracy of Statement American Express statements are double and triple checked
for accuracy, with an ease of back up data available at a moments notice. Since
American Express realizes that most use is for business, they have organized their
statement into categories that make it easier for the employee to report.
Business Cards American Express wants large businesses, and has made it easier for
company employees to receive cards and generate only their receipts back to the
company. American Express will customize reports, by employee and category, for
larger companies accounting management, and for some, even deliver it
electronically based on their individual needs.
Ease of Disputing a Charge Again, American Express assumes the client is right,
and with a simple phone call, will act as an advocate for any unauthorized charges
(AmericanExpress.com).
Differential Branding Now, not only does American Express offer the Gold and
Green cards, but a blue and red card, with different cards supporting credit customers
(as opposed to charge customers), and the Product RED, which supports the fight
against Aids, and other environmental causes. For example, one AmEx commercial
shows a sexy model near a traditional Masai warrior; the model holds the RED card
and says, It doesnt make you feel so guilty about spending your money!
(American Express, 2007).
Thus, for many businessment, American Express is more of an experience they
can call the company 24/7, 365 days per year in an emergency, have funds delivered
or charges authroized by phone; they can received discounts on hotels, car rentals,
meals, and even special events. Being an American Express member, has its perks.
References:
www.amctv.com/originals/madmen/about/