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Brand Equity
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Chapter Questions
What is a brand and how does branding
work?
What is brand equity?
How is brand equity built, measured, and
managed?
What are the important decisions in
developing a branding strategy?
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Steps in
Strategic Brand Management
Identifying and establishing brand
positioning
Planning and implementing brand
marketing
Measuring and interpreting brand
performance
Growing and sustaining brand value
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What is a Brand?
A brand is a name, term, sign, symbol or
design, or a combination of them, intended
to identify the goods or services of one
seller or group of sellers and to differentiate
them from those of competitors.
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What is Branding?
Branding is endowing products
and services with the power of
the brand.
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perceptions of
product
performance
Greater loyalty
Less vulnerability
to competitive
marketing actions
Less vulnerability
to crises
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Larger margins
More inelastic consumer response
more loyalty
Increased marketing
communications effectiveness
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Bonding
Advantage
Performance
Relevance
Presence
Weak Relationship
1016
Aaker Model
Brand Identity
Core Identity
Elements
Extended Identity
Elements
Brand Essence
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Brand Elements
Brand
names
Slogans
Elements
Characters
Symbols
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19
URLs
Logos
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Internal Branding
Choose the right moment
Link internal and external marketing
Bring the brand alive for employees
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1024
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Coca-Cola
$67.00
Microsoft
$56.93
IBM
$56.20
GE
$48.91
Intel
$38.32
Nokia
$30.13
Toyota
$27.94
Disney
$27.85
McDonalds
$27.50
Mercedes-Benz
$22.13
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Branding Terms
Brand line
Brand mix
Brand extension
Line extension
Sub-brand
Category extension
Parent brand
Branded variants
Licensed product
Family brand
Brand dilution
Brand portfolio
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Brand Naming
Individual
Individual names
names
Blanket
Blanket family
family names
names
Separate
Separate family
family
names
names
Corporate
Corporate namenameindividual
individual name
name
combo
combo
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Chapter Questions
How can a firm choose and communicate
.
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Positioning
of Caf
Coffee Day
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What is Positioning?
Positioning is the act of designing the
companys offering and image to occupy a
distinctive place in the mind of the target
market.
.
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Value Propositions
Scorpio, Mahindra and Mahindra
.
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Defining Associations
Points-of-parity
Points-ofdifference
(POPs)
Associations
(PODs)
that are not
Attributes or
necessarily
benefits consumers
unique to the
strongly associate
brand but may
with a brand,
be shared with
positively evaluate,
other brands
and believe they
could not find to the
.
same extent with a
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entertainment
solution from
Konica failed to
establish category
membership
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Conveying Category
Membership
Announcing
Announcing category
category
benefits
benefits
Comparing
Comparing to
to exemplars
exemplars
Relying
Relying on
on the
the product
product
descriptor
descriptor
.
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Relevance
Relevance
Distinctiveness
Distinctiveness
Believability
Believability
.
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.
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High quality
Taste vs. Low
calories
Nutritious vs.
Good tasting
Efficacious vs.
Mild
Powerful vs.
Safe
Strong vs.
Refined
Ubiquitous vs.
Exclusive
Varied vs.
Simple
.
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.
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Differentiation Strategies
Product
Personnel
Channel
Image
.
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Marketing Debate
Do brands have finite lives?
Take a position:
1. Brands cannot be expected to last
forever.
or
2. There is no reason for a brand to
ever become obsolete.
.
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Marketing Discussion
.
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