1 0 T Y PEKKA TUOMINEN Managing Brand Equity ABSTRACT The purpose of this study is to discuss and elaborate the main issues encountered in managing brand equity. In order to achieve this purpose‚ we first analyse the concept of brand equity; second‚ we provide a comprehensive framework for managing brand equity; and finally‚ we distinguish different ways to leverage and measure brand equity. The concept of brand equity emerged in the early 1990s. Brand equity can be regarded as a managerial
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creating brand equity Creating brand equity Marketers build brand quality by creating the right brand knowledge structures with the right consumers. Building brand equity 3 sets of brand equity drivers. -Initial choices for the brand elements or identities making up the brand (brand names‚ URLs‚ logos‚ symbols‚ -product and service and all accompanying marketing activities and supporting marketing programs – way brand is integrated into supporting marketing program -associations indirectly
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edition Developing brand identity Brand Development - Building the Dairy Milk Megabrand A brand identity is the message sent out by the brand through its name‚ product shape and design‚ visual symbols (such as logos)‚ advertising etc. This identity needs to be planned by brand management‚ as this is key to gaining market acceptance and leadership. The Brand Pyramid - Brand Meaning ◗ ◗ transfer to all sub-brands. The risk however‚ is that if one brand is unsuccessful or falls
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is to verify the positioning of the new luxury brands in relation to traditional luxury brands and middle range brands‚ and to draw implications for both academics and practitioners. In other words‚ to show that in terms of perceived prestige new luxury brands are substantially closer to traditional prestige brands than middle-range brands. In terms of price‚ however‚ they are substantially closer to middle-range brands than traditional luxury brands. INTRODUCTION: A masstige
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Strong Brands Sue Dean Interbrand’s Top Global Brands http://www.interbrand.com/best_global_brands.aspx Group Discussion Think of a powerful brand What factors make it successful? Brands - Many definitions….. “A brand is a product or service made distinctive by its positioning relative to the competition and by its personality” Hankinson & Cowking Building Strong Brands • Strong brands have a strong identity / personality which are built on a unique set of brand associations
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BRAND STRATEGY “Illy Caffe’’ by Coca Cola Company - Bulgaria The report is intended to introduce a new coffee the “Illy Caffe & Latte Macchiato” in the Bulgaria market the coming months. Illy was acquired by Coca Cola and the introduction of this big cooperation will be announced to the customers with the new taste of Latte Macchiato. It will be the first time that Illy Company will launch a ready-to-drink (RTD) such as the soft drinks and cooperate with Coca Cola Croup. The Coca-Cola
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Tiger Brands Limited‚ a Top 40 JSE Limited company whose footprint extends across the African continent and beyond‚ is one of the largest manufacturers and marketers of FMCG products in Southern Africa‚ and has been for several decades. Tiger Brands has been built over several decades through the acquisition and clustering of businesses which own leading food‚ home and personal care brands. It’s success is grown and maintained through the perpetual renovation and innovation of its brands‚ while
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The AsiaTravel is facing the following problems regarding its brand value to customers: * Its brand name is merely the generic version of its services‚ therefore price is seen as its main competitive advantage in the travel market; * Associations of the brand have not been clearly defined and conveyed to customers‚ therefore their perception about its brand name is not sufficiently strong for them to recognize and recall this brand among other alternatives; * Information on past experiences
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The Value of Brands White Paper White Paper: The Value of Brands: Evaluating Heineken’s Global Branding Strategy Tim Glowa July 31‚ 2002 Tim Glowa is President of North Country Research Inc.‚ (www.ncResearch.com) a Calgary based strategic marketing science company. He can be reached via email at Tim@Glowa.ca © 2002 Tim Glowa July 31‚ 2002 © 2002 Tim Glowa -1- The Value of Brands White Paper Table of Contents Abstract ............................................
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Brand elements analysis Brand elements analysis The market competition is very fierce so most companies are not only having one brand product; they often need to launch a new brand to develop new markets. Behind every new brand‚ there is not only a motive power from intense market competition but also is the companies’ ambitions of expand territory. New brand will not have too much influence to the companies’ original brand which means company tend to be undertake less risk. Thus it is a good
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