how can companies combine products to create strong co brands or ingredient brands 

11
SETTING PRODUCT STRATEGY

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Page 1: How can companies combine products to create strong co brands or ingredient brands 

SETTING PRODUCT STRATEGY

Page 2: How can companies combine products to create strong co brands or ingredient brands 

How can companies combine products to create strong co-brands or ingredient brands? 

Page 3: How can companies combine products to create strong co brands or ingredient brands 

CO-BRANDING

Two or more popular brands are combined and marketed together as a joint product

Page 4: How can companies combine products to create strong co brands or ingredient brands 

COMPANY CO-BRANDING

Same company promoting two of its products together

Page 5: How can companies combine products to create strong co brands or ingredient brands 

JOINT VENTURE CO-BRANDING

Two different companies form a strategic alliance to present a product together in the market

Page 6: How can companies combine products to create strong co brands or ingredient brands 

RETAIL CO-BRANDING

Two retail establishments which use same location to optimize profits

Page 7: How can companies combine products to create strong co brands or ingredient brands 

BENEFITS

Co- Branding can induce greater sales and reduce the cost of product introduction

Page 8: How can companies combine products to create strong co brands or ingredient brands 

CAUTION

Unsatisfactory performance can damage brand images of both the companies

Page 9: How can companies combine products to create strong co brands or ingredient brands 

INGREDIENT BRANDING

A special case of co-branding where company creates brand equity for components that are contained within other branded products

Page 10: How can companies combine products to create strong co brands or ingredient brands 

THANK YOU

Page 11: How can companies combine products to create strong co brands or ingredient brands 

DISCLAIMER

These slides were created by Deepak Madan, BITS Pilani, during a Marketing internship by Prof. Sameer Mathur, IIM Lucknow (See www.IIMInternship.com )