13. Ford reintroduced the Taurus brand.
They reasoned that the brand had much more to offer.
They reasoned that Taurus was
clearly a better option compared
to an entirely new and unknown brand
14. Sometimes, dying or dead brands may still not be dead.
Maybe they’re alive in terms of a strong brand image.
28. For example, imagine Nike coming out with
designer shoes to attract teenage girls.
And how about Angelina Jolie as brand ambassador for it?
BAD IDEA!!
30. For example, the cigarette brand R.J. Reynolds’ Camel used
Joe Camel ( the cartoon character ) to attract children.
BAD IDEA
Outcome : Lawsuit against the company. Negative publicity. Sales decline.
34. A prolonged decline is a clear warning
When the decline is detected these three options can be looked at..
35. 1
Differentiate the brand from the others
Either price a similar product to the one in the market lower.
Else, make the product standout from
the others in terms of features.
36. 2
Maintain a strong brand image and awareness must not fall.
For example, Levi’s fell back by sticking to it’s classic image.
37. 3
Follow the customer
Know what he has to say about your brand
If he switches brands, know what
pulled him away and manage accordingly.
39. Try estimating if the brand can regain its former glory and stand out.
Carefully choose target audience and invest in it
Understand what went wrong in the strategies and correct it
Rebuild quality as it will never go unnoticed in the long run
Resist temptation to milk the brand
40. THANK YOU
Created by Shravya Ramesh, SVCE Chennai, during an internship
by Prof. Sameer Mathur, IIM Lucknow.