Professional Documents
Culture Documents
Muneeza Shoaib
Brand Management
Muneeza Shoaib
Topic introduction What is a Brand? Branding and New branding challenges Why do brands matter? Strategic Brand Management Brand Equity Customer Based Brand Equity The Evolving Brand Management Paradigm Case in point : Evolution of the brand Fair & Lovely Exercises on Brand Awareness & Brand Association.
Muneeza Shoaib
A brand is a name, term, sign, symbol, or design which is intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors.
Muneeza Shoaib
Physical goods Services Retailers On-line products and services People Organization Sports, Arts, Entertainment Geographic location Ideas
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Means of identification.
Muneeza Shoaib
Muneeza Shoaib
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:
1) 2) 3) 4) Identifying and establishing brand positioning and values Planning and implementing brand marketing programs Measuring and interpreting brand performance Growing and sustaining brand equity
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The brand equity concept stresses the importance of the brand in marketing strategies. Brand equity is defined in terms of the marketing effects uniquely attributable to the brand. Brand equity relates to the fact that different outcomes result in the marketing of a product or service because of its brand name, as compared to if the same product or service did not have that name. For example Nestle
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Brand Equity is a set of brand assets and liabilities linked to a brand, its name and symbol, that add to or subtract from the value provided by a product or service to a firm and/or to that firms customers. Assets and liabilities underlying brand equity must be linked to the name and/or symbol of the brand
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Brand Awareness Awareness Brand Experiences / Brand Users Brand loyalty Brand Imagery
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Brand Relationship (What about you and me?) Brand response (What about you?) Brand Meaning (what are you?) Brand Identity (Who are you?)
Resonance
Feeling
Brand Imagery
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Enjoy greater brand loyalty, usage, and affinity Command larger price premiums Receive greater trade cooperation & support Increase marketing communication effectiveness Yield licensing opportunities Support brand extensions.
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Single products-markets Simple Focus on single brands Single country Coordinator of limited options External/customer
Multiple products and markets Complex brand architectures Category focus-multiple brands Global perspective Team leader of multiple communication options Internal as well as external Brand identity
From Sales to Brand Identity as Driver of Strategy Driver of strategy Sales and share
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The
Becoming a household name ( 1983-85) Greater control of her personal life ( 1984-2000): Changing her destiny (2001-2006) Empowering her to go further (2006-2008)
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Recall the brands the comes to your mind the following product categories
Drinking water Cell phone Cereal Burger Greeting cards Tea Coffee
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