SlideShare a Scribd company logo
1 of 14
Business-to-Business Marketing
Branding Concepts – Term Paper

BBM, NMP Term III
Group 4
Argha Ray - 15
Chakra Dhar Kundu - 22
Khushal Malik - 28
Sanjay Kumar Prasad – 45
Branding as a Concept:
• “A name, term, design, symbol, or any other feature that identifies
one seller's good or service as distinct from those of other sellers.
The legal term for brand is trademark. A brand may identify one
item, a family of items, or all items of that seller. If used for the
firm as a whole, the preferred term is trade name.”
American Marketing Association

• Consistency of presentation that becomes the identity of a
company. (Paul Hague)
• Cultural Uniformity.

• More than a symbol or logo; but an imagery and association.
• Personality beyond the product.
Branding in Industrial Markets:
• Concept not well developed in B2B.
• Shorthand for product quality, reliability of delivery and value for
money.
• Often linked with Corporate Brand as a whole.

• Experienced but not acknowledged.
• Brand essence as centerpiece of differentiation.
• Brand Essence : The core characteristics that defines a brand e.g.
“Nike is Inspirational”.
Bull’s Eye of Brand Essence:
B2B Branding Ladder:
Gradual change in focus that brands undergo over a period of time, in order to
achieve a better connect with the customers. (Kevin Lane Keller)
Brands drive B2B Markets:
Kevin Randall lists reasons on why brands bring a distinctive
value proposition in business markets.
 Cut through Clutter: Morass of Market
 Tap emotional drivers: Powerful Irrational Impulse
 Deliver promise: Unified, Consistent and Satisfying Experience
Building Blocks of Brands:
Conceptual Model of Esch, Langner, Schmitt and Geus for B2C.
A few Definitions:
• Brand Awareness: It refers to customers' ability to recall and
recognize the brand under different conditions and link to the
brand name e.g. Photocopying reminds of Xerox.
• Brand Image: It is a symbolic construct created within the minds
of people e.g. Mercedes is an image of luxury.
• Brand Satisfaction: Exchange relationship with brand depending
on utilitarian benefits e.g. Worth the money to spend an year at
MDI.
• Brand Trust: It is the intrinsic 'believability' that any entity evokes
converting simple awareness to strong commitment e.g. MDI will
assist in placements.
• Brand Attachment: Long lasting bond and interdependence
between brand and customer e.g. James Bond always drives a
Aston Martin.
Hypothesis and Correlations:
Model:

The cross symbols above signifies hypothesis rejection
Brand Awareness in B2B:
Homburg, Klarmann and Schmitt extend the branding concepts by
studying the particular concept of Brand Awareness in B2B.
Hypothesis and Correlations:
Strong Industrial Brands:
• “No One Ever Got Fired for Buying IBM”
• “Intel Inside”
• “GE’s imagination at work”
• “Caterpillar’s One Voice”
Conclusion:
• Branding as applicable to B2C can also be extrapolated into B2B.
• The extrapolation has to be nuanced and shaded with inherent
intricacies that characterize industrial markets on the paradigms
of organizational risks and personal risks of buyers.

More Related Content

What's hot

Brand Management Process and Brand Evolution - Introduction to Branding
Brand Management Process and Brand Evolution - Introduction to BrandingBrand Management Process and Brand Evolution - Introduction to Branding
Brand Management Process and Brand Evolution - Introduction to BrandingRai University Ahmedabad
 
The Power of Branding
The Power of BrandingThe Power of Branding
The Power of BrandingProphet
 
Brand strategy presentation - Posner Center
Brand strategy presentation - Posner CenterBrand strategy presentation - Posner Center
Brand strategy presentation - Posner CenterTom Fellner
 
Employer branding, attraction and employer of choice January 2012
Employer branding, attraction and employer of choice January 2012Employer branding, attraction and employer of choice January 2012
Employer branding, attraction and employer of choice January 2012Timothy Holden
 
Miles Design branding process
Miles Design branding processMiles Design branding process
Miles Design branding processJosh Miles
 
The Role of Brand Strategy in Professional Services Marketing
The Role of Brand Strategy in Professional Services MarketingThe Role of Brand Strategy in Professional Services Marketing
The Role of Brand Strategy in Professional Services Marketingriechesbaird
 
BRAND IMAGE- AARAMBH PANDEY
BRAND IMAGE- AARAMBH PANDEYBRAND IMAGE- AARAMBH PANDEY
BRAND IMAGE- AARAMBH PANDEYAARAMBH PANDEY
 
Building Strong Brands|Brand making|presentation
Building Strong Brands|Brand making|presentationBuilding Strong Brands|Brand making|presentation
Building Strong Brands|Brand making|presentationMian Muhammad Zafar
 
Branding and identity an overview lecture
Branding and identity an overview lectureBranding and identity an overview lecture
Branding and identity an overview lectureThe Design Channel, LLC
 
Brand Image
Brand ImageBrand Image
Brand Imageair
 
Industrial Branding: The Lost Art in the Industrial Marketplace
Industrial Branding: The Lost Art in the Industrial MarketplaceIndustrial Branding: The Lost Art in the Industrial Marketplace
Industrial Branding: The Lost Art in the Industrial MarketplaceControlEng
 
7761872 Brand Concepts Strategy
7761872 Brand Concepts Strategy7761872 Brand Concepts Strategy
7761872 Brand Concepts Strategypriya.presentation
 
Creation of brand
Creation of brandCreation of brand
Creation of brandKriace Ward
 

What's hot (20)

Types of brand
Types of brandTypes of brand
Types of brand
 
Brand Management Process and Brand Evolution - Introduction to Branding
Brand Management Process and Brand Evolution - Introduction to BrandingBrand Management Process and Brand Evolution - Introduction to Branding
Brand Management Process and Brand Evolution - Introduction to Branding
 
The Power of Branding
The Power of BrandingThe Power of Branding
The Power of Branding
 
Brand management
Brand managementBrand management
Brand management
 
Brand strategy presentation - Posner Center
Brand strategy presentation - Posner CenterBrand strategy presentation - Posner Center
Brand strategy presentation - Posner Center
 
Employer branding, attraction and employer of choice January 2012
Employer branding, attraction and employer of choice January 2012Employer branding, attraction and employer of choice January 2012
Employer branding, attraction and employer of choice January 2012
 
Brand Strategy
Brand StrategyBrand Strategy
Brand Strategy
 
Miles Design branding process
Miles Design branding processMiles Design branding process
Miles Design branding process
 
Brand Identity
Brand IdentityBrand Identity
Brand Identity
 
Brand building basics
Brand building basicsBrand building basics
Brand building basics
 
The Role of Brand Strategy in Professional Services Marketing
The Role of Brand Strategy in Professional Services MarketingThe Role of Brand Strategy in Professional Services Marketing
The Role of Brand Strategy in Professional Services Marketing
 
BRAND IMAGE- AARAMBH PANDEY
BRAND IMAGE- AARAMBH PANDEYBRAND IMAGE- AARAMBH PANDEY
BRAND IMAGE- AARAMBH PANDEY
 
Developing a Brand Strategy
Developing a Brand StrategyDeveloping a Brand Strategy
Developing a Brand Strategy
 
Building Strong Brands|Brand making|presentation
Building Strong Brands|Brand making|presentationBuilding Strong Brands|Brand making|presentation
Building Strong Brands|Brand making|presentation
 
Brand Management
Brand ManagementBrand Management
Brand Management
 
Branding and identity an overview lecture
Branding and identity an overview lectureBranding and identity an overview lecture
Branding and identity an overview lecture
 
Brand Image
Brand ImageBrand Image
Brand Image
 
Industrial Branding: The Lost Art in the Industrial Marketplace
Industrial Branding: The Lost Art in the Industrial MarketplaceIndustrial Branding: The Lost Art in the Industrial Marketplace
Industrial Branding: The Lost Art in the Industrial Marketplace
 
7761872 Brand Concepts Strategy
7761872 Brand Concepts Strategy7761872 Brand Concepts Strategy
7761872 Brand Concepts Strategy
 
Creation of brand
Creation of brandCreation of brand
Creation of brand
 

Similar to B2B Branding Concepts

Similar to B2B Branding Concepts (20)

Brand Identity - 3.pptx
Brand Identity - 3.pptxBrand Identity - 3.pptx
Brand Identity - 3.pptx
 
Strategic Brand Management
Strategic Brand ManagementStrategic Brand Management
Strategic Brand Management
 
Brand, a gateway of product enrichment
Brand, a gateway of product enrichmentBrand, a gateway of product enrichment
Brand, a gateway of product enrichment
 
brand identity
brand identity brand identity
brand identity
 
Introduction to Brand
Introduction to BrandIntroduction to Brand
Introduction to Brand
 
ABM Session 9.pptx
ABM Session 9.pptxABM Session 9.pptx
ABM Session 9.pptx
 
Branding As A Tool For Market Access
Branding As A Tool For Market Access�Branding As A Tool For Market Access�
Branding As A Tool For Market Access
 
Branding
BrandingBranding
Branding
 
Building brands
Building brandsBuilding brands
Building brands
 
Building Brands
Building BrandsBuilding Brands
Building Brands
 
Branding
BrandingBranding
Branding
 
Branding decisions
Branding decisionsBranding decisions
Branding decisions
 
Brand ppt
Brand ppt Brand ppt
Brand ppt
 
Types of brand
Types of brandTypes of brand
Types of brand
 
Branding Management, sessions 6and7, Bahman Moghimi, Professor at University ...
Branding Management, sessions 6and7, Bahman Moghimi, Professor at University ...Branding Management, sessions 6and7, Bahman Moghimi, Professor at University ...
Branding Management, sessions 6and7, Bahman Moghimi, Professor at University ...
 
Branding + brand architecture
Branding + brand architectureBranding + brand architecture
Branding + brand architecture
 
Brand Management
Brand Management Brand Management
Brand Management
 
Brand decision intro
Brand decision introBrand decision intro
Brand decision intro
 
Branding
BrandingBranding
Branding
 
Brand2
Brand2Brand2
Brand2
 

More from Argha Ray

Consumer Behavior of Bihar and Bengal
Consumer Behavior of Bihar and BengalConsumer Behavior of Bihar and Bengal
Consumer Behavior of Bihar and BengalArgha Ray
 
Universal Banks of UK
Universal Banks of UKUniversal Banks of UK
Universal Banks of UKArgha Ray
 
Billie Daniels
Billie DanielsBillie Daniels
Billie DanielsArgha Ray
 
Eicher Motors
Eicher MotorsEicher Motors
Eicher MotorsArgha Ray
 
Gillette India Ltd.
Gillette India Ltd.Gillette India Ltd.
Gillette India Ltd.Argha Ray
 
Kelsey Manufacturing Company
Kelsey Manufacturing CompanyKelsey Manufacturing Company
Kelsey Manufacturing CompanyArgha Ray
 
Mattel Toys India Ltd.
Mattel Toys India Ltd.Mattel Toys India Ltd.
Mattel Toys India Ltd.Argha Ray
 
Crestlight Paper Company
Crestlight Paper CompanyCrestlight Paper Company
Crestlight Paper CompanyArgha Ray
 
Cooper Pharmaceuticals Inc.
Cooper Pharmaceuticals Inc.Cooper Pharmaceuticals Inc.
Cooper Pharmaceuticals Inc.Argha Ray
 
Eureka Forbes Ltd.
Eureka Forbes Ltd.Eureka Forbes Ltd.
Eureka Forbes Ltd.Argha Ray
 
Canada Goose Inc.
Canada Goose Inc.Canada Goose Inc.
Canada Goose Inc.Argha Ray
 
Ace Brokerage Company
Ace Brokerage CompanyAce Brokerage Company
Ace Brokerage CompanyArgha Ray
 
Krishna Rubber Company
Krishna Rubber CompanyKrishna Rubber Company
Krishna Rubber CompanyArgha Ray
 
Industrial Chemicals Inc.
Industrial Chemicals Inc.Industrial Chemicals Inc.
Industrial Chemicals Inc.Argha Ray
 
Business Process Management Tools
Business Process Management ToolsBusiness Process Management Tools
Business Process Management ToolsArgha Ray
 
Payroll Brochure
Payroll BrochurePayroll Brochure
Payroll BrochureArgha Ray
 
Windows Azure
Windows AzureWindows Azure
Windows AzureArgha Ray
 
Amhurst Computer Inc
Amhurst Computer IncAmhurst Computer Inc
Amhurst Computer IncArgha Ray
 
Marketing Plan for Ultrasonic Washing Machines
Marketing Plan for Ultrasonic Washing MachinesMarketing Plan for Ultrasonic Washing Machines
Marketing Plan for Ultrasonic Washing MachinesArgha Ray
 

More from Argha Ray (20)

Consumer Behavior of Bihar and Bengal
Consumer Behavior of Bihar and BengalConsumer Behavior of Bihar and Bengal
Consumer Behavior of Bihar and Bengal
 
Universal Banks of UK
Universal Banks of UKUniversal Banks of UK
Universal Banks of UK
 
Billie Daniels
Billie DanielsBillie Daniels
Billie Daniels
 
Eicher Motors
Eicher MotorsEicher Motors
Eicher Motors
 
Gillette India Ltd.
Gillette India Ltd.Gillette India Ltd.
Gillette India Ltd.
 
Kelsey Manufacturing Company
Kelsey Manufacturing CompanyKelsey Manufacturing Company
Kelsey Manufacturing Company
 
Mattel Toys India Ltd.
Mattel Toys India Ltd.Mattel Toys India Ltd.
Mattel Toys India Ltd.
 
Crestlight Paper Company
Crestlight Paper CompanyCrestlight Paper Company
Crestlight Paper Company
 
Cooper Pharmaceuticals Inc.
Cooper Pharmaceuticals Inc.Cooper Pharmaceuticals Inc.
Cooper Pharmaceuticals Inc.
 
Eureka Forbes Ltd.
Eureka Forbes Ltd.Eureka Forbes Ltd.
Eureka Forbes Ltd.
 
Canada Goose Inc.
Canada Goose Inc.Canada Goose Inc.
Canada Goose Inc.
 
Ace Brokerage Company
Ace Brokerage CompanyAce Brokerage Company
Ace Brokerage Company
 
Krishna Rubber Company
Krishna Rubber CompanyKrishna Rubber Company
Krishna Rubber Company
 
Industrial Chemicals Inc.
Industrial Chemicals Inc.Industrial Chemicals Inc.
Industrial Chemicals Inc.
 
Business Process Management Tools
Business Process Management ToolsBusiness Process Management Tools
Business Process Management Tools
 
Payroll Brochure
Payroll BrochurePayroll Brochure
Payroll Brochure
 
Windows Azure
Windows AzureWindows Azure
Windows Azure
 
Amhurst Computer Inc
Amhurst Computer IncAmhurst Computer Inc
Amhurst Computer Inc
 
Bangladesh
BangladeshBangladesh
Bangladesh
 
Marketing Plan for Ultrasonic Washing Machines
Marketing Plan for Ultrasonic Washing MachinesMarketing Plan for Ultrasonic Washing Machines
Marketing Plan for Ultrasonic Washing Machines
 

Recently uploaded

Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...ShrutiBose4
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
IoT Insurance Observatory: summary 2024
IoT Insurance Observatory:  summary 2024IoT Insurance Observatory:  summary 2024
IoT Insurance Observatory: summary 2024Matteo Carbone
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Riya Pathan
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 

Recently uploaded (20)

Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
IoT Insurance Observatory: summary 2024
IoT Insurance Observatory:  summary 2024IoT Insurance Observatory:  summary 2024
IoT Insurance Observatory: summary 2024
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 

B2B Branding Concepts

  • 1. Business-to-Business Marketing Branding Concepts – Term Paper BBM, NMP Term III Group 4 Argha Ray - 15 Chakra Dhar Kundu - 22 Khushal Malik - 28 Sanjay Kumar Prasad – 45
  • 2. Branding as a Concept: • “A name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers. The legal term for brand is trademark. A brand may identify one item, a family of items, or all items of that seller. If used for the firm as a whole, the preferred term is trade name.” American Marketing Association • Consistency of presentation that becomes the identity of a company. (Paul Hague) • Cultural Uniformity. • More than a symbol or logo; but an imagery and association. • Personality beyond the product.
  • 3. Branding in Industrial Markets: • Concept not well developed in B2B. • Shorthand for product quality, reliability of delivery and value for money. • Often linked with Corporate Brand as a whole. • Experienced but not acknowledged. • Brand essence as centerpiece of differentiation. • Brand Essence : The core characteristics that defines a brand e.g. “Nike is Inspirational”.
  • 4. Bull’s Eye of Brand Essence:
  • 5. B2B Branding Ladder: Gradual change in focus that brands undergo over a period of time, in order to achieve a better connect with the customers. (Kevin Lane Keller)
  • 6. Brands drive B2B Markets: Kevin Randall lists reasons on why brands bring a distinctive value proposition in business markets.  Cut through Clutter: Morass of Market  Tap emotional drivers: Powerful Irrational Impulse  Deliver promise: Unified, Consistent and Satisfying Experience
  • 7. Building Blocks of Brands: Conceptual Model of Esch, Langner, Schmitt and Geus for B2C.
  • 8. A few Definitions: • Brand Awareness: It refers to customers' ability to recall and recognize the brand under different conditions and link to the brand name e.g. Photocopying reminds of Xerox. • Brand Image: It is a symbolic construct created within the minds of people e.g. Mercedes is an image of luxury. • Brand Satisfaction: Exchange relationship with brand depending on utilitarian benefits e.g. Worth the money to spend an year at MDI. • Brand Trust: It is the intrinsic 'believability' that any entity evokes converting simple awareness to strong commitment e.g. MDI will assist in placements. • Brand Attachment: Long lasting bond and interdependence between brand and customer e.g. James Bond always drives a Aston Martin.
  • 10. Model: The cross symbols above signifies hypothesis rejection
  • 11. Brand Awareness in B2B: Homburg, Klarmann and Schmitt extend the branding concepts by studying the particular concept of Brand Awareness in B2B.
  • 13. Strong Industrial Brands: • “No One Ever Got Fired for Buying IBM” • “Intel Inside” • “GE’s imagination at work” • “Caterpillar’s One Voice”
  • 14. Conclusion: • Branding as applicable to B2C can also be extrapolated into B2B. • The extrapolation has to be nuanced and shaded with inherent intricacies that characterize industrial markets on the paradigms of organizational risks and personal risks of buyers.