Effective Brand management with Anti-Counterfeiting SolutionsThe business landscape with its technology enabled environmen...
anti-counterfeiting solutions incorporated with a number of quantitative methods. Such solutionswill not only protect the ...
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Effective Brand management with Anti- Counterfeiting Solutions

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The business landscape with its technology enabled environment has provided enterprise opportunities to expand globally and find a strong web footing.

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Effective Brand management with Anti- Counterfeiting Solutions

  1. 1. Effective Brand management with Anti-Counterfeiting SolutionsThe business landscape with its technology enabled environment has provided enterpriseopportunities to expand globally and find a strong web footing. Through the process of buildingtheir business, enterprises tend to create a relationship with their customers. By maintaining astrong brand worldwide enterprise can maintain a strong customer base. As the brand is not just atrademark or name but an enterprise’s identity, reflecting its intrinsic nature and character, everyenterprise needs to protect it. However, with the ever changing demands of the customers,enterprises are challenged to upgrade the technology, products and services. Such environmentalchanges pave the way for online frauds, copyright and patent thefts and counterfeiting activities.Wikipedia defines branding as "the process of creating a relationship or a connection between acompanys product and emotional perception of the customer for the purpose of generatingsegregation among the competition and building loyalty among customers”. Brand managementthus aims to create an emotional connection between products, enterprise and their customers.However, when security threats loom large over the enterprises, it directly affects the brand.Hence, while working towards successful brand management, enterprises need to understand thetype of threats and their origin.Counterfeiting , a major threat that affects the brand reputation refers to the manufacturing andselling of illegal imitation of products, brands, documents, software, works of art, trademarks,patents and even currencies with an intention of deceiving the customers and making fast money.In spite of strict regulations against counterfeiting, this parallel market still thrives, especially withthe advent of eCommerce. As per the study conducted by the Counterfeiting Intelligence Bureau(CIB) of the International Chamber of Commerce (ICC), the counterfeited goods have a 5 to 7%market share that makes up for almost $700 billion a yearThe wide use of the internet and e-commerce has further helped counterfeiters to sell theirproducts online. As this affects the bottom line of the enterprise, organizations need to invest inanti-counterfeiting solutions to combat counterfeit threats. With brand management, promotionand brand reputation playing a major role in the market place, anti-counterfeiting solutions willfacilitate enterprises to protect their brands, leading to increased market share and higher revenuegeneration.For effective brand management, there are a number of leading service providers who offer
  2. 2. anti-counterfeiting solutions incorporated with a number of quantitative methods. Such solutionswill not only protect the brands from fraudulent products but will also stop them from infringing onthe brands reputation. Effective anti-counterfeiting solutions will identify the counterfeit copiesof any product that are sold illegally. Further by deploying intelligent practices these solutions cannot only identify violators but also assess the level of risk, monitor their activities in real-timeenabling enterprises to take up corrective measures.Read More About: enterprise risk management, gray market

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