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Branding
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IT sells cigarettes brands like Insignia, India Kings, lassic, Gold Flake,
Silk ut, Navy ut, Scissors, apstan, Berkeley, Bristol and Flake in India,
but exports and sells in other countries as private labels
Brand extension
It is a frequently used strategy in brand management ± basically means
extending the ongoing brand name to more products
1. Line extension (with in the same product line)± Sunrise coffee
extended to sunrise premium and sunrise extra coffee. Surf ± Surf
Ultra, Surf Excel, Surf Excelmatic, Surf gentle wash
2. Extending brand name to relate product line ± Nivea ± creams,
lotions, after shave, soap, baby care etc. Other examples - Maggi,
Ponds
3. Extended to items in unrelated product lines ± example Wipro ±
computers to baby products
Why firms opt for brand extension
Ê Helps a new item to acquire instant recognition
Ê Saves cost, a brand extension costs much less than
launching a new brand
Ê Helps leverage the strengths of the existing brand, with in
the line, with in the category and outside the category
Ê When a brand is slated for premium pricing, benefits of
brand extension is all the more significant
Ê Extension also helps build a brand into a family or
corporate brand
Brand tagline
Ê When it comes to marketing, one of the most powerful tools to build
a brand is a tagline .
Ê They communicate something unique, valuable and memorable about
the brand they represent. And they are always included in any
communication about that brand. They are often catchy. Easy to
remember. Descriptive. lever. Fun. Short and sweet.
Ê Examples:
L'Oreal - You are worth it
Accenture ± High Performance delivered
McDonalds - "I'm lovin' it³
A really great tagline conveys a company's benefit with personality and
attitude and the most memorable taglines connect on an emotional
level.
Brand name, tagline and logo
should go together
Nike