1. Outline several factors attributable to the strong brand equity of Swiss Army. 2. How is Swiss Army capitalizing on its brand equity with products and brand extension? 3. What are some of the potential problems for channels of distribution associated with the prospect of Swiss Army stores? Is the probability of these problems high? 1. Factors attributable to the strong brand equity of Swiss Army • Reputation of Switzerland for making high quality products • Good and consistent quality‚
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in regards to the direction they wish to take their brand. Brand extension or brand stretching is a marketing strategy in which a firm marketing a product with a well- developed image uses the same brand name in a different product category. Brand extensions have been used successfully by many corporate giants‚ such as Arm & Hammer with the starting product being baking soda and extensions such as laundry detergent. However‚ extending the brand isn’t always as lucrative as it may appear. Arizona
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long period‚ products and brands continue proliferate. A good analysis and understanding of brand value and market segmentation is more essential than ever. Based on the theory of brand‚ product‚ market segmentation and target‚ a new product will be developed in the market to improve company’s performance and make profit. The information generated from this report is used for strategic planning‚ resource allocation and tactical marketing. 2.0 Branding What is a brand? It has been asserted (Kennedy
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Hence‚ what are Ryanair brand key secrets making it so successful? The Keller‘s Customer-Based Brand Equity Model incorporated with Pillars of the Brand were used to make an analysis which helped to answer this question. Ryanair brand was analysed according to such components as brand awareness‚ brand associations (Pillars of the Brand) and brand image. Brand awareness includes the performance of both brand recall and recognition. Evaluating Pillars of the Brand and brand image‚ the set of both positive
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Personal Cultural Orientation‚ Destination Brand Equity and Revisit Intention: The Case of Cali‚ Colombia Dissertation Proposal Adolfo Rudy Cardona TUI Abstract This study investigates perceptions by tourists to travel destinations based on personal cultural orientation and its effect on destination brand equity ( i.e.‚ image‚ value and quality) and tourist behavior. Likewise‚ it attempts to explore the possible
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With recent declining sales for Mountain Man Beer Company (MMBC)‚ Chris Prangel is considering launching Mountain Man Light as a brand extension aligned with changes in beer drinkers’ preferences. He is seeking to maximize market coverage while minimizing brand overlap‚ and at the same time avoiding any brand equity damage‚ as MMBC’s core consumer segment is significantly different from the new targeted segment. Chris expects to negate declining sales of Mountain Man Lager and capture market share
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Branding Brand: name‚ term‚ design‚ symbol‚ or any other feature that identifies one seller’s good or service as distinct from those of other sellers Legal name of a brand is a trade mark May identify one item‚ a family of items‚ or all items of that seller Powerful they have value and status Brand Equity: the dollar amount attributed to the value of the brand‚ based on all the intangible qualities that create that value People may be willing to pay more for the brand Brand strength can be
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problems and was subsequently grounded. This essay provides a critical analysis of the impact that the financial problems and the grounding of flights had on the Velvet Sky brand. Discussion Velvet Sky seemed to be a true underdog story that had many working class South Africans routing for its success. The Velvet Sky brand to resonated with the South African public. Here we had a little airline championing the cause of South Africans and taking on the heavy weights of the Aviation industry by
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drinkers to the brand. However‚ he encounters resistance from senior managers. Mountain Man Lager ’s brand equity is a key asset for Mountain Man Brewing Company. The question is whether Mountain Man Light will enhance it‚ detract from it‚ or irreversibly damage it. Learning Objective: To explore brand equity: its creation and using brands as platforms for growth; the risks and benefits of a product line extension (including congruent vs. incongruent extensions) using an existing brand name; and the
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Introduction: Brand equity is a conceiving premium value for the brand through marketing strategies by providing a product to consumers. Moreover‚ Brand equity is considered as defensive and offensive types which should be: memorable‚ likable‚ recognizable‚ and transferable. In addition to‚ Brand equity measurement system is a set of processes to deliver accurate information about the brand in order to make tactical decisions on short run and strategic decisions on the long run through: brand audit‚ tracing
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