liberty avila
TRANSCRIPT
unique identity unique personality
intangibleconsumer’s perception
Name
Term Symbol
Design
Combination
Identifies product/service
of seller anddifferentiates from
competitors
Sign
Brand Building Understanding Branding
ExerciseExerciseArchitectureArchitectureManagementManagementAttributesAttributesProducts to brandsProducts to brands
Understanding Branding
Brand Building
ExerciseExerciseArchitectureArchitectureManagementManagementAttributesAttributesProducts to brandsProducts to brands
Product Brandsomething that is made in a factory
can be copied by a competitor
can be quickly outdated
something that is bought by a customer
unique
a successful brand is timeless
A brand is something that resides in the minds of consumer.
Understanding Branding
Brand Building
ExerciseExerciseArchitectureArchitectureManagementManagementAttributesAttributesProducts to brandsProducts to brands
NameName LogoLogo
ColoursColours EssenceEssence
Brand Knowledge
KNOWLEDGEThoughts
Feelings
Images
Experiences
Beliefs
Brand Elements
ElementsSlogans
Brandnames URLs
Logos
SymbolsCharacters
Brand Element Choice Criteria• Memorable - easily recalled and recognized• Meaningful - Legally and competitively (trademark rights, individuality)• Likeability - appealing (visually, verbally, etc.)• Transferable - Can introduce several products (same/different category)• Adaptable - Adaptability and updatability • Protectible - Legally and competitively (trademark rights, individuality)
The Role of Brands
What is Brand Equity?bRaNd EquiTy is the added value endowed on
products and services, which may be reflected in the way consumers, think, feel, and act with respect to the brand.
Differentiation Energy Relevance Esteem Knowledge
CALCI-NBrand Equity Components
Building Brand Equity
Brand Asset Valuator
Differentiation Degree to which a brand is seen different
EnergyBrand’s Sense of Momentum
RelevanceBreadth of brand’s appeal
EsteemHow well the brand is respected
KnowledgeHow familiar and intimate consumers are
Brand Strength
Brand Stature
FutureValue
PastPerformance
Brand Dynamics Pyramid
PresenceRelevance
PerformanceAdvantage
Bonding
Strong Relationship
Weak RelationshipDo I know about it?
Does it offer mesomething?
Can it deliver?
Does it offer somethingbetter than the others?
Nothing else beats it.
Loyalty increases as you
go up!
Aaker Model
Brand Identity
Extended Identity Elements
Brand Essence
Core IdentityElements
There are a set of four categories of brand assets and liabilities which add value to the product.
Brand Resonance PyramidStages of
Brand DevelopmentBranding Objective
At Each Stage
Designing Holistic Marketing Activities
PersonalizationIs about making sure that the brand and its marketing are as relevant as possible to
As many customers as possible – NO TWO CUSTOMERS ARE IDENTICAL.
IntegrationIs about mixing and matching marketing activities to maximize their individual
And collective effects.
InternalizationWalk the walk to deliver the brand promise.
Brand Promise
Measuring Brand Equity
Brand AuditsBrand Audits
Brand ValuationBrand Valuation
- is a consumer-focused exercise that involves a series of procedures to access the heath of the brand, uncover its sources of equity and suggest ways to improve and leverage its equity.
It is concerned of estimating the total financial value of the brand.
What is Brand Equity?
Brand equity is the added value endowed on products and services, which may be reflected in the way consumers, think, feel, and act with
respect to the brand.
Managing Brand Equity
Brand ReinforcementBrand Reinforcement
Brand RevitalizationBrand Revitalization
Continuous product improvement and innovation.
Change in PositioningOverhaul the brand image
Devising a Branding Strategy
Develop new brand elements
Develop new brand elements
Apply existing brand elements
Apply existing brand elements
Use a combination of old and new
Use a combination of old and new
Brand Roles in a Brand Portfolio
Flankers
Low-endEntry-level
High-endPrestige
Cash Cows
Brand Roles in a Brand Portfolio
FLANKERSFighter brands that are positioned w/ respect to competitors’ brands so that more important (profitable) brands are able to retain their desired position
CASH COWSBrands that are able to hold on to enough customers & maintain profitability w/ virtually no marketing support
LOW-END ENTRY LEVELRelatively low-priced “traffic-builder” brands that attract customers to the brand franchise in hopes to trading customers up to the higher-priced brandHIGH-END PRESTIGEBrands that add prestige and credibility to the entire portfolio