C H A P T E R • • • • 4 Branding‚ brand equity‚ and brand extensions Woody G. Kim Handbook of Hospitality Marketing Management Introduction Brand management is a topic of considerable interest for both academia and industry. Building and managing strong brands is considered to be one of the crucial tasks of brand managers for the success of any hospitality and tourism organization. Strong brands provide a series of benefits to service firms‚ such as greater customer loyalty and higher
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Rosewood faces competition from corporate branded giants e.g. Ritz-Carlton‚ Four Seasons etc who follow “canned and cookie cutter” approach of maintaining a consistency across all hotels. Rosewood’s management believed that the individual property branding strategy would help them differentiate from these corporate giants. However‚ in the wake of fierce competition in the luxury hotel industry‚ CEO of Rosewood‚ John Scott and VP of sales and marketing‚ Robert Boulogne are considering incorporation
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Personal Branding is already conflicting with Company Branding outside the work place. A middle school teacher was suspended with pay for making remarks about her students on Face Book (Norwalk‚ 2010). A woman was fired after criticizing her boss on face book (“Fired over Facebook‚” 2011). A young man was rejected for a position at Cisco because he tweeted that he had to weigh the fat paycheck against the drive and work (Popkin‚ 2009). These examples go on and on. Entire sites have been dedicated
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Mergers & Acquisitions + = Branding as an engine for mergers and acquisitions MetaDesign Unit 2601‚ Zhongyu Plaza A6 Gongti North Road 100027 Beijing +86·10·85 23 57 88 www.metadesign.cn Leibnizstraße 65 10629 Berlin +49·30·59 00 54·0 www.metadesign.de Grafenberger Allee 100 40237 Düsseldorf +49·211·69 07 87·0 www.metadesign.de 615 Battery Street San Francisco‚ CA 94111 +1·415·627 07 90 www.metadesign.com Klausstrasse 26 8008 Zürich +41·44·560 34·00 www.metadesign.ch Mergers and acquisitions
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5. Communalities…………………………………………………………………………………….34 6. Component Score coefficient Matrix…………………………………………….……..35 7. Private Label Strategy………………………………………………………………………….36 8. Segmentation Strategy………………………………………………………………….…….37 9. Product Vs Store Branding……………………………………………………………..……37 10. Key Differences………………………………………………………………………………..….39 Content of figures 1. Determinants of Success of Private Labels……………………………………………17 2.
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type of brand the company requires and the types of brand assets involved in brand building that lead to development of a strong brand. BRAND BUILDING Introduction Branding is the use of words‚ designs and symbols to give a product a distinct identity and differentiate it from competitive products (Burkwood‚ 2008). The main aim of branding is to make the customers of that product learn to associate with the value created by a particular product. This in turn simplifies their decision making process
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Impact of Celebrity Endorsements on Brand Image Introduction Celebrities are people who enjoy public recognition by a large share of a certain group of people. Whereas attributes like attractiveness‚ extraordinary lifestyle or special skills are just examples and specific common characteristics that are observed and celebrities generally differ from the social norm and enjoy a high degree of public awareness. The term Celebrity refers to an individual who is known to the public actors e.g
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8 Reasons for Branding October 5th‚ 2005 · No Comments · 482 Views [pic][pic]Marcia Yudkin is the author of 6 Steps to Free Publicity and ten other books hailed for outstanding creativity has an interesting post‚ presenting eight reasons for which even the smallest of enterprises have to jump in the branding wagon‚ and get back great rewards out of it. Branding is the process of creating distinctive and durable perceptions in the minds of consumers. A brand is a persistent‚ unique business identity
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Right Advertising Agency Gateway’s decision to change advertising agencies so many times over the past nine years was done because as the company grew they needed an agency that could bring them to that next level and help them identify their branding theme. As each existing agency did its part in helping them reach that goal‚ they moved to a bigger and better agency. Although they switch numerous times throughout the nine-years‚ it was only to their benefit to do so. Gateway recognizes that
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Preface About the authors Authors’ acknowledgements Publisher’s acknowledgements 1 Brands and brand management Preview What is a brand? Why do brands matter? Can anything be branded? What are the strongest brands? Branding challenges and opportunities The brand equity concept Strategic brand management process Chapter review Discussion questionsReferences and notes 2 Customer-based brand equity Preview Customer-based brand equity Making a brand
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