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MANAGEMENT
A Brand is a name, term, sign, symbol or design or a combination
of them, which is intended to identify the goals or services of one
seller or another seller and differentiate them from other
Manufacturers.
BRAND
• Name
• Logo
• Tagline or catchphrase
• Graphics
• Shapes
• Colors
• Sounds
• Scents
• Tastes
• Movement
ELEMENTS OF A BRAND
Taglines
• Movement: Lamborghini Aventador
• Smell: rose-jasmine-musk of Chanel No. 5 is trademarked.
• Taste: KFC has trademarked its special recipe of 11 herbs and
spices for fried chicken. McDonald’s is famous for their french
fries.
• Color: Tiffany & Co. trademarked their robin egg blue in 1998.
UPS’s unique brown trucks and uniforms have become its
trademarks.
Functional risk
Physical risk
Financial risk
Social risk
Psychological risk
Time risk
Importance of brand
• The personal brand attached with
• individual personality
• It explains the character of the particular
• popular celebrity
• For example: Abdul Kalam
PERSONAL BRAND
• Individual branding, also called individual product branding or
multi branding, is the marketing strategy of giving each product in a
portfolio its own unique brand name
• This facilitates the positioning of each product, by allowing a firm
to position its brands differently.
• Ex.: P&G India Brands
• Ambi Pur.
• Ariel.
• Gillette.
• Head & Shoulders.
• Olay.
• Oral-B.
INDIVIDUAL BRAND
• Family branding is a marketing strategy that
involves selling several related products under
one brand name. Family branding is also known
as umbrella branding.
• It contrasts with individual product branding,
in which each product in a portfolio is given a
unique brand name and identity.
FAMILY BRANDING
Globalization
Low-priced
competitors
Brand extensions
Deregulations
Cost
Clutter
Fragmentation
Technology
Challenges of branding
Brand Vs Product
Brand Vs Product
• A brand is an intangible asset for an organization. The concept
of brand equity originated in order to measure the financial
worth of this significant, yet intangible entity.
• Brand equity is the value and power of the brand that
determines its worth. The brand equity can be determined by
measuring: the price premium that the brand charges over
unbranded products.
• Proprietary assets include patents, trademarks and channel
relationships. These assets are valuable as they prevent
competitors from attacking the company and prevent the
erosion of competitive advantages and loyal customer base.
Strategic brand management involves the design and
implementation of marketing programs and activities to build, measure,
and manage brand equity.
The strategic brand management process is defined as involving four
main steps:
FRENZ HOTEL
• Creating brand awareness by increasing the familiarity of the brand through repeated
exposure (for brand recognition) and forging strong associations with the appropriate
product category or other relevant purchase or consumption cues (for brand recall) is
an important first step in building brand equity. Once a sufficient level of brand
awareness is created, marketers can put more emphasis on crafting a brand image.
• Creating a positive brand image takes marketing programs that link strong,
favorable, and unique associations to the brand in memory. Brand associations may
be either brand attributes or benefits.
• Brand attributes are those descriptive features that characterize a product or service.
• Brand benefits are the personal value and meaning that consumers attach to the
product or service attributes.
• consumers can form brand associations in a variety of ways other than marketing
activities: from direct experience; online surfing; through information from other
commercial or nonpartisan sources such as Consumer Reports or other media
vehicles; from word of mouth; and by assumptions or inferences consumers make
about the brand itself, its name, logo, or identification with a company, country,
channel of distribution, or person, place, or event.
Brand Image
The Body Shop successfully created a global brand image without using
conventional advertising. Its strong associations to personal care and
environmental concern occurred through its products (natural ingredients only,
never tested on animals), packaging (simple, refillable, recyclable),
merchandising (detailed point-of-sale posters, brochures, and displays), staff
(encouraged to be enthusiastic and informative concerning environmental
issues), sourcing policies (using small local producers from around the world),
social action program (requiring each franchisee to run a local community
program), and public relations programs and activities (taking visible and
sometimes outspoken stands on various issues).
• Two factors that strengthen association to any piece of information are
its personal relevance and the consistency with which it is presented
over time.
• Starbucks, Google, Red Bull, and Amazon are all classic examples of
companies that created amazingly rich brand images without the
benefit of intensive advertising programs.
Brand Salience
Describes how well the brand:
• Meets customers’ more functional needs.
• Rate on objective assessments of quality.
• Satisfies utilitarian, aesthetic, and economic customer needs and
wants in the product or service category .
• 05 types of attributes and benefits decides brand performance:
1. Primary characteristics & supplementary features
2. Product reliability, durability, and serviceability
3. Service effectiveness, efficiency, and empathy
4. Style and design
5. Price
Brand Performance
Many kinds of intangibles are linked to the brand but 04 main ones are:
A. User profiles:
B. Purchase & usage situations:
C. Personality & values:
1. Sincerity,
2. Excitement,
3. Competence,
4. Sophistication, &
5. Ruggedness
D. History, heritage, & experiences:
Brand Imagery
Brand judgments are customer’s personal opinions about and
evaluation of the brand.
Brand Judgments
• Customers’ emotional responses and reactions to the brand.
• Relate to the social currency evoked by the brand.
• Feelings can be: • Experiential and immediate, increasing in level of
intensity. • Private and enduring, increasing in level of gravity.
• Warmth: calm, peacefulness
• Fun: Disney
• Excitement: MTV
• Security: Volvo
• Social approval: Mercedes
• Self-respect: pride, accomplishment -
Brand Feelings
Brand resonance describes the nature of relationship between the brand
and the customer.
• Behavioral loyalty: • Frequency and amount of repeat purchases
• Attitudinal attachment: • Love brand (favorite possessions; “a little
pleasure”) • Proud of brand
• Sense of community: • Kinship • Affiliation
• Active engagement: • Seek information • Join club • Visit web site,
chat rooms
Brand Resonance
• Apple encourages owners of its Computers to form local
Apple user groups. By 2005, there were over 700 groups,
ranging in size from fewer than 25 members to over
1,000 members. The user groups provide Apple owners
with opportunities to learn more about their computers,
share ideas, and get product discounts, as .well as sponsor
special activities and events and perform community
service. A visit to Apple's Web site helps customers find
nearby user groups.
Apple
• Customers own the brand
• Do not take shortcuts with brands
• Brands should have a duality
• Brands should have richness
• Brand resonance provides important focus
Co-Branding
Types of co-branding
• Product-based co-branding is a marketing strategy that involves
linking of multiple brands from different companies in order to create
a product indicative of their individual identities. Product-based co-
branding maybe categorized into Parallel and Ingredient co-branding.
• Parallel co-branding
• Parallel co-branding is the marketing strategy where multiple brands
come together and create a combined brand. Eg.
Pillsbury Brownies with Nestlé Chocolate
• Ingredient co-branding
• Ingredient co-branding is a marketing strategy carried out by a
supplier where an ingredient of a product chooses to position its brand.
• Eg. Dell Computers with Intel Processors
• Advantages of product-based co-branding
1. Value addition and differentiation
2. Access to new customers
3. Better integrated communication
4. Positioning
5. Reduction of product introduction cost
• Disadvantages of product-based co-branding
1. Loss of control
2. Poor performance of co-brand
Communications-based co-branding
Communications-based co-branding is a marketing strategy that
involves linking of multiple brands from different companies in order to
jointly communicate and promote their brands.
Brand extension
Advantages Of Brand Extension
Clarify brand meaning
Revitalize the brand
Disadvantages of brand extension
Can fail and hurt parent brand image
Cannibalize sales of parent brand
Can dilute brand meaning
Brainstorming
Consumer research