NUK (2012) is one of the brand lines of MAPA GmbH. It sells baby care products‚ like feeding bottles‚ teats‚ soothers‚ nursing products‚ safety items etc. NUK adopts the line extension‚ which is a kind of brand extension strategy. Brand extension is that a firm (i.e. MAPA GmbH) uses an established brand (i.e. NUK) to introduce a new product (i.e. Silicone PREMIUM CHOICE Teat size 1‚ Small hole) (Kotler‚ & Keller‚ 2012‚ p.282). In addition‚ it selects the line extension that the parent brand
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word branding began simply as a way to tell one person’s cattle from another by means of a hot iron stamp. A legally protected brand name is called a trademark. The word brand has continued to evolve to encompass identity - it affects the personality of a product‚ company or service. A concept brand is a brand that is associated with an abstract concept‚ like breast cancer awareness or environmentalism‚ rather than a specific product‚ service‚ or business. In consumer based marketing branding plays
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concept in past years (Geoffrey R.‚ 1997). Why the brand is significant? And what make the brands so attractive and successful? This article will explore the role of the brand and critically analyse the advantages and disadvantages of branding. 2. Brands and Branding Some analysts see brand as the promise of something. That something is intangible‚ but it could be a guarantee of quality‚ a sense of prestige‚ or of heritage. Everything the customer experiences in the process of evaluation‚ trial
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Corporate Branding and Globalization Introduction Globalization can be said to be an increasing pattern of worldwide interconnectivity that has led to a large number of contrasting perceptions emanating from cultural differences. With increasing globalization‚ the world appears to have become a much smaller place‚ resulting in the amalgamation of cultures as well as greater sensitivity towards cultural differences. There are varied kinds of differences relative to minority rights‚ religious
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Branding Educational Services through Innovation Abstract The privatization of educational services in our country have led to a mushrooming growth of educational institutions at primary‚ secondary and higher educational levels. There is thus a cut throat competition amongst various institutions lying around in the same vicinity. It is a strong endeavor on the part of these institutions to customize and differentiate their services. The processes of creatively and innovatively branding the
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Branding‚ Pricing‚ and Distribution Gary D. Tate Strayer University Marketing-500 Instructor: Brett Jordon 5/17/2012 Branding‚ pricing‚ and distribution are all integral parts of a strategic marketing plan. Each segment of the plan needs to be developed individually with the entire culmination of the plan in mind. In other words‚ each segment should be a link in the chain to a completed marketing strategy. The ultimate goal is to reach a successful culmination of all three tiers that will
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Why have McDonald’s super-sized co-branding? In this essay‚ we seek to give a balanced informative diagnosis of how in recent years McDonald’s have tried to recreate and re-sculpt its brand image in the mindset of its customers and society as a whole. In particular‚ we want to focus our attention on how McDonald’s has adopted the marketing strategy known as co-branding to draw on the benefits of already well-established brands. “Despite being in the midst of an obesity crisis‚ it has done little
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Brief History of Branding and the importance of Brand Experience Note: this was a presentation given to a group of industrial design students on the topic of branding‚ with the aim to encourage critical thinking about branding History? Why should we care? • It’s not math or physics with a 1000+ year history • With so many “guru’s” critical thinking is... critical • Debunking Brand Gospel*? • A little history can provide context •The problems that “branding” was solving early on are not
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quotes above suggest? b. What added ‘dangers’/advantages are brought about by branding in a global marketplace? Supplement your answer with examples where possible. Brands have existed since forever. In a time before fences were used in ranching to keep one’s cattle separate from other people’s cattle‚ ranch owners branded‚ or marked‚ their cattle so they could later identify their herd as their own. The value of branding in the age of globalisation and the Internet is much‚ much more than just creating
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This report presents an analysis of how IKEA has successfully managed to adopt a global branding strategy and thus‚ penetrating international markets to become one of the most internationally recognised brand in the world. The analysis shows that IKEA has adopted a standardized marketing strategy in which the merchandise are standardized throughout‚ with prices being comparatively low. Nonetheless‚ the store layout is unified throughout the world. However‚ in order to adapt to the different cultures
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