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BRAND
LECTURE I
BEENISH NAWAZ
APPLE
MERCEDES BENZ
McDONALD’S
SHELL
Twitter
WWF
According to the American
Marketing Association (AMA), a
brand is a “name, term, sign,
symbol, or design, or a combination
of them, intended to identify the
goods and services of one seller or
A product is anything
A product may be a
we can offer to a physical good, a
market for attention, service, a retail outlet,
acquisition, use, or a person, an
consumption that organization, a place,
might satisfy a need an experience, or even
an idea.
or want.
The Core benefit level is the fundamental
need or want that consumers satisfy by
consuming the product or service.
Generic Product Level: Basic Key Pad Functions (Dialer, Text Messaging)
Expected Product Level: FM Radio, Camera, Hands Free, Loud Speaker etc.
Augmented Product Level: Android, Dual Core, Large Memory, Hi resolution camera
etc.
Potential Product Level: All possible future innovations (such as flexible handsets,
“bio-sensitive” sets etc.)
Brand Pyramid
Kevin Lane Keller was the first to
“Aims to bind customers or
building customer loyalty.” write about the ‘brand pyramid’
in his book ‘Strategic Brand
Management’, published in 1998.
Example:
Apple (operational excellence)
an innovative and path breaking brand
Brand recall factor : Bitten apple (logo) - Excellent customer service - Quality and class
Can
everything be
branded?
YES!
Ultimately a brand is something that resides in
the minds of consumers.
The key to branding is that consumers perceive
differences among brands in a product category.
Even commodities can be branded:
Chicken (K & N), Meat (Meat One), Drinking Water
(Aquafina), Rice (Mughal), Steel (Jamal), etc.
What is branded?
• Goods
• Services
• Retailers and distributors
• Online products and services
• People and organizations
• Animated characters
• Sports, arts, and entertainment
• Geographic locations
• Ideas, ideologies & experiences
Branding benefits to
Manufacturers
1. Products Get
Individuality : 2. Control of
product Prices:
The first company to 3.Increases
conceive and give birth to Control of retail price is bargaining Power:
new product. a significant factor
Your product, if branded will Each pack or a wrapper
Already a ‘pull’ in favor
have its own personality contains in the message
of the product, no need for
standing out rest of all the the MRP - Maximum
a great ‘push’ by retailers.
competition Retail Price (incl. /excl.
tax)
Promise is promise (Colgate)
4. It Reduces the Advertising Costs:
The over expenditure drops down in case of branded products.
5. Ever Increasing Demand:
Powerful brands have the capacity to create, maintain and extend
the demand for a product.
6. Introduction of New Product is Made Easy Task:
Company is launching a new product, it will be easily accepted
because of past trust in the company.
For instance, Philip’s company known for Sound gadgets failed
successfully by introducing dry- cells and shaving blades.
7. Powerful Weapon for Product Differentiation:
Coca-Cola and Pepsi Cola war - The Coca-Cola working with “Kuch
bhi ho jai Coca Cola Enjoy”. Pepsi with “Dil Mange More”. Now
come out with Pepsi “Le Chel Le Chel” on the contrary Coca-Cola
changed its slogan “Thunda Matlab-Coca Cola”.
More advantages to Producers/manufacturers
• Savvy customers
• Brand proliferation
• Media fragmentation
• Increased competition
• Increased costs
• Greater accountability
Brand equity concept
Brand equity refers to the value of a brand.
Developing a strong and dynamic brand creates a
solid foundation for your company, but the success
of that brand over the long term depends on your
brand equity.
Brand equity is more of a concept than anything
else and acts as a framework for understanding the
power of consumer’s emotions in relationship to
your brand positioning.
Strategic Brand Management
The Strategic Brand Management
It involves the design and Process involves 4 steps:
implementation of marketing
1. Identifying and establishing brand
programs and activities to build,
positioning and identity
measure, and manage brand
2. Planning and implementing
equity.
brand-marketing programs
3. Measuring and interpreting brand
performance
4. Growing and sustaining brand
equity
Keller’s CBBE model
Brand performance: Holistic
Product Features
Product Reliability marketing
Customer Service
Style & Design
approach
Pricing of the product or
service.
Brand imagery:
Brand image rugged or soft
BMW and BARBIE
Brand response:
Judgment – The customer has never experienced the brand but has multiple negative
words of mouth for the brand.
Judgment – Customer has experienced the brand but not found it up to mark.
Feeling – The product was as per expectations but not superior or beyond expectations
for the customer to take repeat action (average feeling)
Feeling – The customer service was excellent, making the customer a brand advocate.
Holistic
marketing
approach
Resonance
(strong relationship):
Harley Davidson
Behavior
Values and attitude
Engagement of customers
Connection and feelings
Mental Map for McDonalds illustrating
Core Identity
1.35
Brand Audit
1.36