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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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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How successful do you feel CNS has been in trying to put their product in each of the markets it has entered? How does this success relate to brand equity? CNS has been very successful in putting their product in to various markets around the globe. Using outlets such as TV and print ads has helped convey the message that they are advertising. The use of athletes in popular sports in different regions of the world gives a perception to the public that the product works for a professional athlete
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threats of brand equity‚ and contrapose the threats give some recommendations. Additionally‚ there are some considerations in brand equity that is a series of capital and liabilities related to a brand’s name and logo that plus or minus the value provided by a product or service to a group or that group’s customers (David A. Aaker‚ 1996) of BMW and is includes the BMW’ awareness‚ BMW’s recall‚ BMW’s image and BMW’s knowledge. Next‚ this paragraph will discuss emphatically the threats of brand equity
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Byron Hernandez Marketing September 5‚ 2012‚ 2012 Module 5 – Activity 5.6 CASE STUDY: Accenture 1. How did Accenture transfer the brand equity from its original name‚ Andersen Consulting‚ to the new company name? The way that Accenture transferred brand equity from its original name to the new company name was by specially branding the new one‚ and looking at a new name as a fresh start‚ re-introducing itself to its customers‚ and the world. With a new name‚ this allows them to
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strategy by focusing on building the company’s brand image instead of product-based brand strategy. Under the new branding strategy‚ Intel was established as a brand‚ a reliable and premium brand‚ ably transferring the equity of “386” and “486” microprocessor to Intel‚ the company and to distinguish Intel products and to communicate the depth of Intel as a corporation with respect to its competitors as well. To boost the awareness of Intel’s brand name and strong differentiation‚ the company employed
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INSTITUTE FOR BRAND MANAGEMENT Model: Brand Equity Type of model: Author(s): Domain: Brand model (structure model) David Aaker Brand Equity Figure 1: Aaker’s Brand Equity Model In his Brand Equity Model‚ David A. Aaker identifies five brand equity components: (1) brand loyalty‚ (2) brand awareness‚ (3) perceived quality‚ (4) brand associations and (5) other proprietary assets. Aaker defines brand equity as the set of brand assets and liabilities linked to the brand - its name and
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Pharmasim Project 1. Executive Summary The over-the-counter (OTC) cold and allergy remedy market was highly competitive. There were already 10 brands targeting in different segments at the beginning of the simulation. OTC cold medicine is effective to cure 3 major types of illness - cold‚ cough and allergy which associate with different symptoms like aches‚ nasal congestion‚ chest congestion‚ runny nose‚ coughing and allergy. Consumers can be segmented by young adult‚ young family‚ mature
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