superior financial returns and fulfillment corporate responsibility. 2. About the New Brand International Air Transport Association estimates the number of people flying in Asia will rise by 360 million to one billion in 2014. The market share of low-cost carriers (LCCs) in Asia might double over the next five years from the current 25 percent. Many conventional airlines started to creating multiple brands under one umbrella to entering budget market‚ such as Singapore Airlines creating SilkAir
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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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Promoting Brand Loyalty at Abercrombie & Fitch ch.6 Abercrombie and Fitch is an American retailer that focuses on casual wear for consumers aged 18 to 22. It has over 300 locations in the United States‚ and is expanding internationally. The company also operates three offshoot brands: Abercrombie‚ Hollister Co.‚ and Gilly Hicks. The company operated a post-collegiate brand‚ Ruehl No.925‚ that closed in early 2010. The company operates 1‚073 stores across all four brands. The A&F
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Brand Management - Red Bull v Monster in Australia’s FMCG Industry At the heart of every great organisation‚ is a world class product or service and in any competitive business market‚ organisations rival to be every consumer’s “first choice”. Effective brand management is essential to every business – building strong brands that not only reflect value and credibility‚ but also outlive the product or service the business offers‚ is a challenge for many organisations today. The FMCG (Fast Moving
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The influence of brand recognition on retail store image Stephen S. Porter and Cindy Claycomb A well-recognized and accepted brand image is one of the most valuable assets a firm possesses. Brand managers and manufacturers are concerned with managing brand equity and capitalizing on the value of a brand image (Aaker‚ 1991). A product or retail establishment has many associations which combine to form its total impression. Few would argue that consumers form impressions of brands‚ and that these
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When launching a new product‚ it is better to pursue a brand extension strategy‚ than to develop a new brand Brand extension is a brand strategy which using the existing brand name to develop a new product or enter into a different product category market or industry. The new brand can be called as a “sub-brand”‚ and the original brand is referred as a “parent brand”. There are basically two different types of brand extensions. The first one is “line extension”‚ which means to launch a new product
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Powerful Service Brand Synopsis Banyan Tree Hotels and Resorts had become a leading player in the luxury resorts and spa market in Asia. As part of its growth strategy‚ Banyan Tree had launched new brands and brand extensions that included resorts‚ spas‚ retail outlets‚ and even museum shops. Now‚ the company had to contemplate how to manage its brand portfolio and expand its business while preserving the distinctive identity and strong brand image of Banyan Tree‚ its flagship brand. Teaching Suggestions
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value creating strategy for brands Dimitra Papadimitriou University of Patras‚ Patra‚ Greece Artemisia Apostolopoulou Robert Morris University‚ Moon Township‚ Pennsylvania‚ USA‚ and Theofanis Dounis University of Patras‚ Patras‚ Greece Abstract Purpose – The present research involves corporations that served as Grand National Sponsors of the Athens 2004 Olympic Games and aims to explore whether a strategic approach was employed in the acquisition and management of their Olympic sponsorship
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Brand Value & Its Significance to Customer Marketing Abstract A successful brand is the most valuable resource a company has. In fact‚ one authority speculates that brands are so valuable that many companies include a “statement of value” addendum to their balance sheets to include intangibles such as the value of their brands. Brands are used as external cues to taste‚ design‚ qualify‚ prestige‚ value and so forth. In other
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Tourism destination brand identity: The case of Slovenia Received (in revised form): 24th May‚ 2007 MAJA KONECNIK is Assistant Professor in the Marketing Department of the Faculty of Economics at the University of Ljubljana (Slovenia). Her research interest lies in the area of tourism marketing‚ especially destination branding. FRANK GO is Professor of Tourism at the Erasmus University at Rotterdam (the Netherlands). His research interests include information and communication technology
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