reproduced without written permission from the author. Brand awareness and brand image Chuck Chakrapani Building brand equity To build brand equity‚ we need to start with the building blocks of brand equity. They include brand awareness‚ and brand image or the associations that a brand evokes. Brand awareness Brand awareness has two components: breadth and depth. Let us first consider depth . While a consumer may be aware of many brands‚ all brands are not equal in terms of awareness. The depth of
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Brand Equity A brand represents a “name‚ term‚ sign‚ symbol‚ or design‚ or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition.” Without a recognizable brand‚ a product is but a mere commodity. It’s more than just a name‚ term‚ symbol‚ etc. – a brand is everything that one company’s particular offering stands for in comparison to other brands in a cate-gory of competitive products. As the value
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Introduction Indomie is one famous brand of instant noodle in Indonesia is produced by PT. Indofood Sukses Makmur Tbk.‚ The first time Indomie hits the market was on 1970‚ people doubted that selling instant noodle as one of the staple food in Indonesia‚ but the company proved the people’s judgements were wrong (www.indomie.com). Indomie accounted for approximately 37% of net sales and 39% of income from operations in 1999. The Company produces a wide range of instant noodle products with prices
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The Power of Brand Name The success of any business or consumer product in today’s world depends in part on the target market’s ability to distinguish one product from another. Branding helps ultimately consumers to identify one product from those of the competition. However‚ there is a second side of branding. As society progresses and increases its ability to purchase more and better quality products‚ people’s perception regarding brand names changes as time goes by. For the majority of people
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The brand before revitalization (Part A) Brand: Hui Lau Shan (Local Dessert Chain) History of Hui Lau Shan Hui Lau Shan (許留山) is a famous chain of dessert shops based in Hong Kong. It specializes in dessert soups‚ snacks and desserts. Hui Lau Shan is well known for its use of mango in its products. The first shop opened in Yuen Long‚ New Territories in the 1960s. It was known for its turtle jelly and herbal teas. However‚ Hui Lau Shan emphasizes its fruit desserts and snacks. Since the
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the question simply means what is off-putting (dissuading) about an advert. In reference to brand communication‚ perhaps some theories explain brand communication better than others? Or‚ perhaps you could critically discuss a model/theory which shows how we are persuaded via brand communication versus a theory which discusses persuasion in general. This raises the question "how important is brand communication in advertising?" Generally‚ it is up to you how you structure your essay‚ but those
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Note on Measuring Brand Awareness‚ Brand Image‚ Brand Equity and Brand Value Pierre Chandon INSEAD March 2003 Note on Measuring Brand Awareness‚ Brand Image‚ Brand Equity and Brand Value The purpose of this note is to provide an overview and references on the various methods that can be used to measure brand knowledge (brand awareness and brand image)‚ brand equity and brand value. This note provides a short definition of each concept and illustrations of the most widely-used measurement techniques
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candidates past make their identity and vision believable and resonant with voters” ( Popkin 2012‚ pg 36). Candidates focus on positive self-image or brand and stay away from the negatives. Getting the name brand out there for people to buy into. Ayotte already possesses this form of action from the past election and has already been the face of her campaign. brand image already. However‚ Ayotte’s toughest challenge is her opponent’s public identity has been developed as well‚ Maggie Hassan is the former
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CASE STUDY REPORT FreshDirect www.freshdirect.com Online Grocery Store BACKGROUND/HISTORY FreshDirect is an online grocer that provided 100% fresh foods to locations near you and to your front door. It allows you to order your food online and delivery of your food will come the next day. The primary business of FreshDirect to is provide healthy fresh foods for you to shop online without going to the grocery store. FreshDirect key players would be the founders of the company‚ Joseph Fedele
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Brand extension & brand stretching The two options for doing this are usually called “brand extension” and “brand stretching”. Brand extension Brand extension is a strategy in which a firm launches a new or modified product with a well-developed image by using the established brand name in a same broad market. Organizations use this strategy to increase and leverage brand equity (definition: the net worth and long-term sustainability just from the renowned name). An example of a brand extension is Jello-gelatin
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