Professional Documents
Culture Documents
Sony
Brand Equity
Brand equity is the added value endowed on products
and services.
The value may be reflected in how consumers respond.
As well as price, market share, profitability
It is Intangible Asset having;
Psychological Value
Financial Value
AAKER Model
Brand
Loyalty
Other
Proprietary
Assets
Brand
Associations
Brand
Awareness
Brand
Equity
Perceived
Quality
Brand Resonance
3.
Line extension
Parent brand is used to brand a new product that targets
a new market segment within a product category
currently served by the parent brand
Involves making entries in brands exiting product
category by using same brand name. These entries can
come in the form of varying product sizes, flavors,
colors, and ingredients and forms
Amul Milk
Amul
Condensed Milk
Real Juices
Real
Juice Concentrate
Companion Product
Colgate Dental
Cream
Gillette Razors
Colgate Tooth
Brush
Gillette
Shave Foam
Gillette After
Shave
Customer Franchise
J&J
Baby
Shampoo
J&J
Baby
Talc
J&J
Baby
Oil
J&J
Baby
Diapers
Kodak Story
The letter "K" was a favourite of Eastman's; he is quoted as
Brand Positioning
Positioning is a concept in marketing which was first
popularized by Al Ries and Jack Trout in their
bestseller book Positioning a battle for your mind".
According to them Positioning is what you do to mind
of the prospect.
Any brand is valued by the perception it carries in the
prospect or customer's mind. Each brand has thus to
be 'Positioned' in a particular class or segment.
Example: Mercedes is positioned for luxury segment,
Volvo is positioned for safety.
POSITIONING CONCEPTS
Generally, there are three types of positioning concepts
Functional positions
-Solve problems.
- Provide benefits to customers.
- Get favorable perception by investors (stock profile) and lenders.
Symbolic positions
-Self-image enhancement.
- Ego identification.
- Belongingness and social meaningfulness.
- Affective fulfillment.
Experiential positions
- Provide sensory stimulation.
- Provide cognitive stimulation.
Consumers
Our
Brand
PODs
POPs
Their
PODs
Competition
Competitive Brand
Differences
APPROACHES OF POSITIONING :
Customer benefits approach.
Procter &Gambles Head & shoulder shampoo functions as
anti dandruff and anti hairfall shampoo. Head & Shoulder
positioned as both anti-dandruff & anti-hairfall shampoo .
The price-quality approach.
Rado competes for quality and Timex competes for price.
The use or application approach.
N-series mobiles as music phones
The product user approach.
Dabur Chyvanprash is positioned for all age groups.
The product class approach.
Dove toilet soap as a cleansing cream product
The cultural symbol approach.
Marlboro gives its cigarette brand a American cowboy image
The competitor approach.
mind it economy. Example- Maruti 800, Tata Nano, Nirma detergent powder
etc are positioned for the economy segment
2. Benefit:- Product positioned with some beneficial features. ExampleColgate total, Clinic plus etc.
3. Gender:- Product positioned for a particular segment. Example- Scooty
Pep, Titan Raga.
4. Luxury and exclusiveness:- Product or services positioned toward luxury
segment. Example-Taj group of hotel, Mercedes Benz E-class etc. Mercedes Car
- symbol of luxury and exclusiveness
5. Fashion for elite class:- Product positioned for fashionable elite class or
member of the society, who always want to stay ahead in term of fashion and
demands exclusive products only. Example Peter England, Van Heusen, Raymond
etc.
6. Technology and value added features:- Positioning of a product
according to its technological advancement and value added features.
Example:- Microsofts positioning of its recent operating system Windows Vista
as the advanced operating sytem, Sony with various electronic goods, LG etc.
Pillsbury
Pillsbury is a global food brand that is trying to replicate its
Appy Fizz
In the 7000 crore Indian Soft drinks industry
dominated by the cola majors, Parle Agro is fighting
for its share with its mango- drink Frooti and the apple
drink Appy Fizz.
Appy was launched in 1986 as an apple drink in tetra
pack after the mega success of Frooti. But Appy was
not that successful compared to Frooti.
Appy changed in to nectar based drink in 1993.Appy
was launched with a new bottle and communication
trying its luck in this large Indian market.