2. (TCO C) What are the benefits to a company of a well-executed BRANDING strategy? What are the benefits to a consumer? (Points : 25)…
Define what is meant by "brand equity" and discuss what a company can do to maintain brand equity.…
3. List at least five things that can affect customer perception of your brand image. (1.0 points)…
What does the brand signify? What are the tangible and intangible properties owned by the brand? Personality of the brand Positioning of the brand Relationship with the brand What are the key strengths…
2. Branding is about the totality of a customer's experience. Your brand is about everything you do which impinges on the consciousness of the customer and, more importantly, it is about everything s/he thinks you do. Some experiences carry greater weight than others. Some experiences have been forgotten entirely consciously by your customer, but are nevertheless of paramount importance in the way s/he views you. Customers build brands piecemeal. They build a story about you based upon their experience. They see your products in certain shops. They heard one of your people on the radio. Somebody told them about an experience they had with you - actually, they got the name wrong. Your brand logo reminds them of daffodils. Your customer owns your brand - you do not. Your job is to behave as consistently as possible.…
Question 2.2. (TCO C) Choose a specific brand (i.e., Coke, Nike, McDonalds, etc.). Using this brand as an example, describe what makes this a unique brand that is easily recognizable by consumers. What do you, as a consumer, think of when you see this brand logo? How would you describe a Brand? What roles do Brands play in the market and what signals success? (Points : 25)…
21. Kapferer, J.-N., 2008. The New Strategic Brand Management: Creating and Sustaining Brand Equity Long Term, 4th ed. Kogan Page.…
Brand – refers to the name and iconography of a product, replaces interpersonal communication with the producer, attempts to overlay transformational values for the consumer.…
Nowadays, it is time to do personal brand, it is not about how excellent you are, but how you market yourself and what value you provide. (Montoya & Vandehey, 2002; Keller, 2008) This is also the most important and most basic marketing. If people know how to brand themselves, they are able to stand out in the group.…
Companies use different names, logos and symbols as their brand image and equity so as to make them easily recognizable and recallable among their customers. They try to position their brand in such a manner so that perception created by it in the minds of customers should synchronize with the product offering of company. However with the passage of time companies tend to reposition their brand because of several factors and they need to undergo the very lengthy and expensive process of brand repositioning.…
Red Bull is an energy drink sold by Austrian company Red Bull GmbH, created in 1987. In terms of market share, Red Bull is the most popular energy drink in the world, with 5.2 billion cans sold in 2012. (Boome, 2011). Austrian entrepreneur Dietrich Mateschitz was inspired by a pre-existing energy drink named Krating Daeng, which was first invented and sold in Thailand. He took this idea, modified the ingredients to suit the tastes of westerners, and in partnership with Chaleo Yoovidhya, founded Red Bull GmbH in Austria. In Thai, Daeng means red, and Krating is the reddish-brown bovine called a…
Many products are identified by particular brand names, like Levi’s (instead of jeans), Kleenex (instead of tissue), or Band-Aid (instead of adhesive bandages). A brand distinguishes “the goods of one producer from those of another” (Kotler & Keller, 2009). A brand identifies the manufacturer of a product and symbolizes a particular level of quality. Some brands can represent many different products, but to the consumer they are all believed to be of the same quality. An interview was conducted in order to understand how branding influences consumer behavior and decision making.…
* Brands are essentially to help people attain something E.g. - in the case of Jean many of her brand decisions were based on what she thought would help her attain the objective of being a good cook. People often use brands that match their identity E.g. in case of Vicki. They are also used if they create an aspiration.…
i) Describe and analyse the brand’s product, market positioning, pricing strategies and its target segment.…
Q.6 What are the advantages of branding? What value does the organisation and customers get out of the branding process?…