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Alex M Hamed
The purpose of the study is to highlight some of the
research in the area of branding;
 Brand positioning
 Brand personality
 Brand relationship
 Brand extension
Presentation agenda
 Introduction to Brand and Branding
 Psychology model of brand constructs
 Review of selected articles and models
 Propositions
 Questions
 Brand builds on the product and creates the complete
experience that consumers have with the product
 Brand determines the product placement and is an
asset in the financial sense
 Brands function to the firm as a marker
 Brands function to the customer are: promise, quality
reduce risk
 The American Marketing Association defines brand as "a
name, term, sign, symbol, design or combination, intended to
identify goods and services and to differentiate them from the
competition".
 Kotier (2000) claimed that "brand is a name, term, symbol,
design or all the above, and is used to distinguish one's
products and services from competitors".
 Keller (1993; 1998) defined brand image as "perceptions about
a brand as reflected by the brand associations held in
consumer memory". Accordingly, brand image does not exist in
the features, technology or the actual product itself, but rather
it is something brought out by advertisements, promotions or
users. Brand image is often used as an extrinsic cue when
consumers are evaluating a product before purchasing
(Zeithaml, 1988; Richardson, Dick and Jain, 1994).
The underlying psychological constructs and processes;
The consumer psychology of brands
Bernd Schmitt Journal of Consumer Psychology
Framework by Bernd Schmitt
Identifying
 Brand categorization most object way linking brand to
its name. Stimulus or memory based categorization is
perquisite for pursing a brand goal (alba Hutchinson&
Lynch,1991).
 Multi- sensory perception sensory cues within an
environment can affect a brand.
(Morrin&Ratneshware,2003)
Experience
 Brand affect can evoke positive or negative moods and make
consumers feel joyful and happy or angry and sad.
 Brand participation often occurs in conventional brand settings.
The interactive atmosphere of retail environments, the
immersive stimulation occurring at live events and the ability to
customize product features also offer opportunities for
participatory and interactive experiences (Akaoui, 2007). Brand
participation seems to be a key contributor to the effectiveness of
social media (Hoffman & Fodor, 2010). Moreover, brands like
Starbucks have developed online crowd sourcing platforms
where consumers can contribute creative ideas for new products,
services and experiences (Bayus, 2010).
The Integration Process
 Consumer combines brand information and summarizes it
in brand concept, personality, or relationship.
 The construct brand concept (Image) has been treated as
an essential part of brand equity and has been addressed in
writings( Aaker, 1996; Agerwal& Rao, Keller, 1993, Park&
sirnivasan,1994; Park et al.,1986).
 The information integration theory, weights the brand
information acquired and stored in memory.
(Anderson,1981)
Brand Personality
Brand Relationship
 Consumers interact with brands in human like properties.
In qualitative research Fournier (1998) found evidence of
customer brand relationship.
These included arranged marriages, casual relationships,
marriage of convenience, committed partnerships, best
friends, kinship, rebounds/avoidance, childhood
friendship, secret affairs and enslavement.
Signifying
 Brands may be viewed as signifiers that transfer meaning
(Mick, 1986).
 The accumulated information and knowledge about a
brand can be used in a functional–rational way as
informational cues. Price and quality of a brand are the
most widely used types of informational signals, signifying
that a brand is a value, premium or luxury brand (Zeithaml,
1988).
 The self-brand connection scale measures the strength of
the link between the self and a particular brand (Escalas,
2004).
Relationship of Brand Equity to
Customer Equity
 An important emerging line of research concerns
customer equity and the antecedents and
consequences of developing strong ties to customers
(Rust et al. 2000). A number of researchers have
noticed the relationship between the brand-
management and customer-management perspectives
(e.g., Ambler et al. 2002).
The impact of a flagship vs. a brand store on brand Attitude ,
brand Attachment and brand Equity
Dolbec, P., & Chebat, J. (2013). The impact of a flagship vs. a brand store on brand attitude, brand attachment and brand equity. Journal of Retailing, 89(4),
460-466. doi:http://dx.doi.org/10.1016/j.jretai.2013.06.003
 A flag ship is a store “carrying a single brand of product,
owned by that brand’s manufacturer, and operated – at
least in part–with the intention of reinforcing the brand
rather than selling a product at a
profit”(Kozinetsetal.2002)
 Only the first two characteristics of The brand attitude
construct were measured using a semantic scale, for all
other construct seven point Likert scale were used then
the two scales disaggregated into subscales
corresponding to their relative factors.
Dolbec, P., & Chebat, J. (2013)
The Relation between Brand image and Purchase Intention
Wang, Y., & Tsai, C. (2014). THE RELATIONSHIP BETWEEN BRAND IMAGE AND PURCHASE INTENTION: EVIDENCE FROM AWARD WINNING
MUTUAL FUNDS. The International Journal of Business and Finance Research, 8(2), 27-40. Retrieved from
http://search.proquest.com/docview/1444640887?accountid=12967
 The purpose of this study is to investigate the relationships
and effects of brand image, perceived quality, perceived risk,
perceived value, and purchase intention, as well as to examine
the effects of demographic variables on these five dimensions.
 Branding mutual funds through award process, Morningstar
fund award, the Lipper fund award, and Bloomberg best fund
award.
 Brand image is often used as an extrinsic cue when consumers
evaluate products before purchasing (Zeithaml, 1988;
Richardson, Dick and Jain, 1994).
Price difference for brand and
impact of advertising
 Studies have demonstrated that leading brands can command large price
differences (Simon 1979, Agrawal 1996, Park and Srinivasan 1994, Sethuraman
1996) and are more immune to price increases (Sivakumar and Raj 1997). Lower
levels of price sensitivity have been found for households that are more loyal
(Krishnamurthi and Raj 1991). Ailawadi et al. (2003) proposed that the revenue
premium a brand commands vis-à-vis an unbranded product is a simple useful
measure of brand equity and showed how it responds to brand actions. They
contend that neither the sales premium nor the price premium alone captures
the increased demand attributable to a brand.
Advertising may play a role in decreasing price sensitivity (Kanetkar et al.
1992). Consumers who are highly loyal to a brand have been shown to increase
purchases when advertising for the brand increased (Raj 1982, Hsu and Liu
2000). Research suggests that stores are more likely to feature well-known
brands if they convey a high quality image (Lal and Narasimhan 1996). Fader
and Schmittlein (1993) proposed that differences in retail availability may be a
key component of the higher repeat-purchase rates for higher-share brands.
The Ineffectiveness of Corporate Brand Investment in Creating Price Premium
Biong, H., & Silkoset, R. (2014). THE INEFFECTIVENESS OF CORPORATE BRAND INVESTMENTS IN CREATING PRICE PREMIUMS. Journal of
Marketing Theory and Practice, 22(2), 169-184. Retrieved from http://search.proquest.com/docview/1503763111?accountid=12967
 B2B (business-to-business) branding research indicates that corporate
brand equity investments will increase suppliers' price premiums. In
contrast, economics of information studies suggest that suppliers' price
premiums decrease with their brand investments. This study, building on
economics of information, tests these contrasting perspectives empirically
in a B2B services context. The results show that suppliers' corporate brand
investments are ineffective in creating price premiums because brand
investments and price premiums provide substituting information of
unobservable quality. Furthermore, suppliers' price premiums decrease
with buyers' willingness to punish sellers' quality deception. In contrast,
the suppliers' price premiums increase with their provision of warranties
and with their customers' quality-sensitiveness.
 The finding showing that sellers’ ability to charge price
premiums decreases with increasing levels of corporate
brand investments may be counterintuitive but is in line
with argumentation from economics of information
(Ippolito 1990; Rao 1993; Rao and Monroe 1996).
World market segmentation and
brand position strategy
 Study by Saleh S. Hassan George Washington
University(2012). Examined the conceptual and empirical
linkage between segmentation bases and brand position
strategies in the context of globalization and firms
operating in globalized market.
 Study found combined use of Macro and Micro based
segmentation is centered and linked to top Brand, where
firms seeking more localized segmentation uses micro base
to segment. Bases of segmentation can include brand
positioning thus have implication on brand perception in
the world market. Buyers behavior, or country factors
impacts brand position and perceived position in the
global market.
Salah Hassan
Stephen Craft (2012)
Corporate Credibility
 Keller and Aaker (1992, 1998) define corporate credibility as the extent
to which consumers believe that a company is willing and able to
deliver products and services that satisfy customer needs and wants
(Erdem and Swait 2004). They showed that successfully introduced
brand extensions can lead to enhanced perceptions of corporate
credibility and improved evaluations of even quite dissimilar brand
extensions. They also showed that corporate marketing activity related
to product innovation produced more favorable evaluations for a
corporate brand extension than corporate marketing activity related to
either the environment or, especially, the community (Gürhan-Canli
and Batra 2004). In addition, Bhattacharya and Sen (2003) extended
the thinking on consumer-brand relationships to consider consumer
company relationships, adopting a social identity theory perspective to
argue that perceived similarity between consumer and company
identities play an important role in relationship formation.
Ethical positioning Index (EPI)
 Study by Sager et al. using an innovative ranking scale
based on ethical issues in brand positioning, he builds on
the idea that ethics can be a differentiated point and can
create a competitive advantage.
 Using elements of brand positioning brand identity, brand
personality, brand awareness, brand communication, are
blended with ethics, beliefs, and value, and customs to
create a framework.
 The study implies managerial and social implication.
Sager et al. (2011)
Brand Recall Index
Vijaykumar Krishnan, Ursula Y. Sullivan, Mark D. Groza, Timothy W. Aurand, (2013) "The Brand Recall Index: a metric for assessing value", Journal of Consumer
Marketing, Vol. 30 Iss: 5, pp.415 - 426 - See more at: http://www.emeraldinsight.com.proxy.lib.odu.edu/journals.htm?issn=0736-
3761&volume=30&issue=5&articleid=17093281&show=html#idb1
 Research on brand awareness (Aaker,2011) refers to brand recall, the degree to
which a brand is retrieved from memory either spontaneously or with a brand
cue, interchangeably with brand familiarity. Past research has investigated
recall for brand names, non-word brand names, and other associated brand
cues (Lermann and Garbarino,2002).
 Information processing theories (Keller1993 , Higgins,1996) suggest that both
content and experience of a brand's recall shape the preference for that brand.
First, the recalled knowledge content on the brand helps the consumer judge a
brand. Thus, in recalling the brand Nike, consumers recall attributes such as
shape and color, benefits such as comfort and attitudes such as the tagline “Just
do it.” Second, the experience of the brand recall informs preference judgment
as well. When considering the shoes category, the brand Nike is retrieved
fluently and easily. This ease-of-retrieval experience makes the consumer argue
non-consciously, “It must be a good brand or else why will it pop-up so easily
when I think about shoes?” Nedungadi(1990)shows that in memory based
choice situations, this relative ease-of–retrieval experience should enhance the
probability of the brand's inclusion in the consideration set. Brands that are
recalled earlier should provide greater ease-of-retrieval experience and
therefore the order of recall should eventually affect the brand preference.
Managerial implications
 Measuring your own brand in comparison to other
competitors
 Complex
 Expensive
Triple bottom line (TBL) and strategic positioningAlhaddi, H. (2014). The influence of triple bottom line on strategic positioning: An exploratory case study on differentiation through image. Journal of Management and Strategy, 5(1), 55-n/a.
Retrieved from http://search.proquest.com/docview/1499055719?accountid=12967
 A study using grounded theory (Glaser & Strauss,1967)
the influence of TBL is emerging ,yet substantial
phenomenon as a strategic position through image
differentiation, this is build up on empirical sustainability.
 Findings shows how TBL, strategic positioning,
differentiation, and Image within a global organization
was intertwined into the fabric and heritage of the
organization.
 The degree of alignment between TBL objectives and
product or service influence the impact of strategic
position.
Alhaddi, H. (2014)
 Concept of positioning is defend by Trout and Ries
(1982) and Mardsen (2002) as the way in which a brand
is positioned in the mind of the consumer ,not by
creating something new and different ,but by
manipulating what is already present in the current
image. Kotler (2000) defines the term positioning as
"the act of designing the company offering an image to
accompany a distinct place with target market’s mind”
 Repositioning is an innovative and creative process
which is undoubtedly different from positioning. A
strong differentiator is considered to be the element of
change inherited in the repositioning process.
Porter,(1996;Turner,2003,Zikmud &D’amic,1992,Ryan
et al,2007)
Brand Extension in Action
 Based on a meta-analysis of seven studies using 131 different brand extensions,
Bottomley and Holden (2001) concluded that brand extension evaluations are based on
the quality of the original brand, the fit between the parent and extension categories,
and the interaction of the two, although cultural differences influenced the relative
importance attached to these model components. Studies have shown how well-known
and well-regarded brands can extend more successfully (Aaker and Keller 1990,
Bottomley and Doyle 1996) and into more diverse categories (Keller and Aaker 1992,
Rangaswamy et al. 1993).
 In addition, the amount of brand equity has been shown to be correlated with the
highest-or-lowest-quality member in the product line for vertical product extensions
(Randall et al. 1998). Brands with varied product category associations developed
through past extensions have been shown to be especially extendible (Dacin and Smith
1994, Keller and Aaker 1992, Sheinin and Schmitt 1994). As a result, introductory
marketing programs for extensions from an established brand can be more efficient
(Erdem and Sun 2002, Smith 1992, Smith and Park 1992).
 The knowledge of familiarity, that consumers have
with the brand is likely to influence all of their
perception of the brand park and Kim (2001)
 Dawer(1996) considered brand knowledge
together with the fit and found different results
according to the association the extension had
with the brand
 Low and Lamb (2000) discovered that brand image
may change depending on the consumer level of
familiarity with the brand.
lai, M., & Lin, S. (2014). A study on the effect of sequential extended brand elasticity on brand equity. Journal of American Academy of
Business, Cambridge, 19(2), 265-277. Retrieved from http://search.proquest.com/docview/1464957313?accountid=12967
Brand extension has been the basis for growth strategies of
many enterprises globally. How brand extension strategies
affect brand equity has become a popular strategic issue. At
present, enterprises mainly adopt diversification strategies
to expand business territory. Therefore, the product
categories that are completely different from main brand
image will be the greatest challenge faced by enterprises.
The term "brand elasticity" was proposed by Monga &
John (2010), who found that many brands did not
follow general rules for successful "brand extension,"
but still achieved successful brand extension. These
brands are described as brands with more "elasticity"
because they are able to promote brand extension for
different product categories, share common properties
or characteristics of existing products, and attract
different customer markets.
Findings of Brand Extension Strategies
Eva Martínez, Leslie de Chernatony, (2004) "The effect of brand extension strategies upon brand image", Journal of Consumer Marketing, Vol. 21 Iss: 1, pp.39
- 50
 The dilution effect is grater on product brand image
rather than general brand image.
 The perceived qualities of the parent brand and the
attitude toward the extended product have positive
effect on the general brand image.
 The familiarity of the parent brand’s product only
influence general brand image and the level of fit only
influence brand image.
Culture and Brand Extension
Monga, A. B. (2004). Cultural differences in brand extension evaluation: The role of analytic versus holistic thinking. (Order No. 3129238, University of Minnesota). ProQuest
Dissertations and Theses, , 126-126 p. Retrieved from http://search.proquest.com/docview/305157010?accountid=12967. (305157010).
 Easterners, being holistic thinkers, would perceive higher
brand extension fit than Westerners, leading to more
favorable brand extension evaluations. Also examine whether
Indian and American populations would be suitable
representations of an Eastern and Western culture,
respectively. In two studies, we found that Easterners gave
higher brand extension fit and evaluation ratings than
Westerners, particularly for poor fitting brand extensions like
Coke popcorn. The study also found that Easterners and
Westerners varied in their styles of thinking about brand
extensions, often focusing on different aspects of the brand
extension.
Loyal behavior
Leif E. Hem and Nina M. Iversen (2003) ,"Transfer of Brand Equity in Brand Extensions: the Importance of Brand Loyalty", in NA - Advances in
Consumer Research Volume 30, eds. Punam Anand Keller and Dennis W. Rook, Valdosta, GA : Association for Consumer Research.
high affective relationship towards the parent brand may
reduce the evaluation of brand extensions.
loyal behavioral intention towards the parent brand is
important for reaching a positive evaluation of extensions.
Self-image relationship towards the parent brand is found
to increase the evaluation of brand extensions.
Propositions
 Does nostalgia always protect the brand and to what
extent?
 Does certain brand personality dimensions activate
specific behavior with different segments of the
market?
 Does brand personality compete with one another?
Can different personality mix and blend?
Propositions continued
 Is there a diminishing return on advertisement for
specific brands?
 Does brand extension have same success rate in
different markets?
 Does brand extension dilute brand equity in different
markets?
 What is the relationship between image and the value
of the product when making a purchase decision?
Alina Todiras, PeterNijkamp , Saidas Rafijevas, (2011) " innovative marketing strategies for national industrial flagship: Brand repositioning for accessing upscale markets
Salah S. Hassan, Stephen Craft, (2012) "Examining world market segmentation and brand positioning strategies", Journal of Consumer Marketing, Vol. 29 Iss: 5, pp.344 - 356
Mahim Sagar, Rishabh Khandelwal, Amit Mittal, Deepali Singh, (2011) "Ethical Positioning Index (EPI): an innovative tool for differential brand positioning", Corporate
Communications: An International Journal, Vol. 16 Iss: 2, pp.124 - 138
Alhaddi, H. (2014). The influence of triple bottom line on strategic positioning: An exploratory case study on differentiation through image. Journal of Management and
Strategy, 5(1), 55-n/a. Retrieved from http://search.proquest.com/docview/1499055719?accountid=12967
Biong, H., & Silkoset, R. (2014). THE INEFFECTIVENESS OF CORPORATE BRAND INVESTMENTS IN CREATING PRICE PREMIUMS. Journal of Marketing Theory and
Practice, 22(2), 169-184. Retrieved from http://search.proquest.com/docview/1503763111?accountid=12967
Wang, Y., & Tsai, C. (2014). THE RELATIONSHIP BETWEEN BRAND IMAGE AND PURCHASE INTENTION: EVIDENCE FROM AWARD WINNING MUTUAL FUNDS. The
International Journal of Business and Finance Research, 8(2), 27-40. Retrieved from http://search.proquest.com/docview/1444640887?accountid=12967
Dolbec, P., & Chebat, J. (2013). The impact of a flagship vs. a brand store on brand attitude, brand attachment and brand equity. Journal of Retailing, 89(4), 460-466.
doi:http://dx.doi.org/10.1016/j.jretai.2013.06.003
Musekiwa, A., Chiguvi, D., & Hogo, H. (2013). Customer based retail brand equity (RBE) dimensions effect on retail brand equity for OK supermarket in bindura. International
Journal of Business and Management, 8(19), 45-54. Retrieved from http://search.proquest.com/docview/1468448487?accountid=12967
Kevin, L. K., & Lehmann, D. R. (2006). Brands and branding: Research findings and future priorities. Marketing Science, 25(6), 740-759. Retrieved from
http://search.proquest.com/docview/212245322?accountid=12967
Broniarczyk, S. M., J. W. Alba. 1994. The importance of the brand in brand extension. J. Marketing Res. 31(May) 214-228.
Bernd Schmitt, 2011. The consumer psychology of brands. Journal of consumer
psychology 22 (2012) 7-17
Islam, M. T. (2013). POSSIBLE IMPACT ON CUSTOMER PERCEPTION DUE TO ACQUISITION: THE CASE STUDY ON ACQUISITION OF SOMERFIELD BY CO OPERATIVE
GROUP IN UK MARKET. International Journal of Marketing and Technology, 3(4), 99-108. Retrieved from http://search.proquest.com/docview/1412868083?accountid=12967
Vu, D. A., & Moisescu, O. I. (2013). BRAND INTEGRATION PRACTICES IN MERGERS AND ACQUISITIONS. Management & Marketing, 8(3), 403-428. Retrieved from
http://search.proquest.com/docview/1470776703?accountid=12967
Alhaddi, H. (2014). The influence of triple bottom line on strategic positioning: An exploratory case study on differentiation through image. Journal of Management and
Strategy, 5(1), 55-n/a. Retrieved from http://search.proquest.com/docview/1499055719?accountid=12967
Dolbec, P., & Chebat, J. (2013). The impact of a flagship vs. a brand store on brand attitude, brand attachment and brand equity. Journal of Retailing, 89(4), 460-466.
doi:http://dx.doi.org/10.1016/j.jretai.2013.06.003
Wang, M., Li, W., Chou, M., & Huang, C. (2014). NOSTALGIA, PERCEIVED VALUE, SATISFACTION, AND LOYALTY OF CRUISE TRAVEL. International Journal of
Organizational Innovation (Online), 6(4), 184-191. Retrieved from http://search.proquest.com/docview/1517634863?accountid=12967
Daniel A. Sheinin, (1998) "Positioning brand extensions: implications for beliefs and attitudes", Journal of Product & Brand Management, Vol. 7 Iss: 2, pp.137 - 149
Deviraj Gill, Anne Broderick (2014), Brand Heritage and CSR Credentials: A Discourse Analysis of M&S Reports, in Ralph Tench, William Sun, Brian Jones (ed.) Communicating
Corporate Social Responsibility: Perspectives and Practice (Critical Studies on Corporate Responsibility, Governance and Sustainability, Volume 6), Emerald Group Publishing
Limited, pp.179-199 - See more at: http://www.emeraldinsight.com.proxy.lib.odu.edu/books.htm?issn=2043-
9059&volume=6&chapterid=17104385&show=abstract#sthash.LLuoAmum.dpuf
Jing Theng So, Andrew Grant Parsons, Sheau-Fen Yap, (2013) "Corporate branding, emotional attachment and brand loyalty: the case of luxury fashion branding", Journal of
Fashion Marketing and Management, Vol. 17 Iss: 4, pp.403 - 423
Sciarrino, J. (2014). LEVERAGING THE VIRTUOUS CIRCLE OF BRAND AND THE EXTENDED SELF. Journal of Marketing Theory and Practice, 22(2), 147-148. Retrieved from
http://search.proquest.com/docview/1503763164?accountid=12967
Sashittal, H. C., Hodis, M., & Sriramachandramurthy, R. (2014). Is your brand a living entity? MIT Sloan Management Review, 55(3), 95-96. Retrieved from
http://search.proquest.com/docview/1514709950?accountid=12967
Vijaykumar Krishnan, Ursula Y. Sullivan, Mark D. Groza, Timothy W. Aurand, (2013) "The Brand Recall Index: a metric for assessing value", Journal of Consumer Marketing,
Vol. 30 Iss: 5, pp.415 - 426
Krishnan, V., Sullivan, U. Y., Groza, M. D., & Aurand, T. W. (2013). The brand recall index: A metric for assessing value. The Journal of Consumer Marketing, 30(5), 415-426.
doi:http://dx.doi.org/10.1108/JCM-02-2013-0464
Monga, A. B. (2004). Cultural differences in brand extension evaluation: The role of analytic versus holistic thinking. (Order No. 3129238, University of Minnesota). ProQuest
Dissertations and Theses, , 126-126 p. Retrieved from http://search.proquest.com/docview/305157010?accountid=12967. (305157010).

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Brand and branding are the only answer

  • 2. The purpose of the study is to highlight some of the research in the area of branding;  Brand positioning  Brand personality  Brand relationship  Brand extension
  • 3. Presentation agenda  Introduction to Brand and Branding  Psychology model of brand constructs  Review of selected articles and models  Propositions  Questions
  • 4.  Brand builds on the product and creates the complete experience that consumers have with the product  Brand determines the product placement and is an asset in the financial sense  Brands function to the firm as a marker  Brands function to the customer are: promise, quality reduce risk
  • 5.  The American Marketing Association defines brand as "a name, term, sign, symbol, design or combination, intended to identify goods and services and to differentiate them from the competition".  Kotier (2000) claimed that "brand is a name, term, symbol, design or all the above, and is used to distinguish one's products and services from competitors".  Keller (1993; 1998) defined brand image as "perceptions about a brand as reflected by the brand associations held in consumer memory". Accordingly, brand image does not exist in the features, technology or the actual product itself, but rather it is something brought out by advertisements, promotions or users. Brand image is often used as an extrinsic cue when consumers are evaluating a product before purchasing (Zeithaml, 1988; Richardson, Dick and Jain, 1994).
  • 6. The underlying psychological constructs and processes; The consumer psychology of brands Bernd Schmitt Journal of Consumer Psychology Framework by Bernd Schmitt
  • 7. Identifying  Brand categorization most object way linking brand to its name. Stimulus or memory based categorization is perquisite for pursing a brand goal (alba Hutchinson& Lynch,1991).  Multi- sensory perception sensory cues within an environment can affect a brand. (Morrin&Ratneshware,2003)
  • 8. Experience  Brand affect can evoke positive or negative moods and make consumers feel joyful and happy or angry and sad.  Brand participation often occurs in conventional brand settings. The interactive atmosphere of retail environments, the immersive stimulation occurring at live events and the ability to customize product features also offer opportunities for participatory and interactive experiences (Akaoui, 2007). Brand participation seems to be a key contributor to the effectiveness of social media (Hoffman & Fodor, 2010). Moreover, brands like Starbucks have developed online crowd sourcing platforms where consumers can contribute creative ideas for new products, services and experiences (Bayus, 2010).
  • 9. The Integration Process  Consumer combines brand information and summarizes it in brand concept, personality, or relationship.  The construct brand concept (Image) has been treated as an essential part of brand equity and has been addressed in writings( Aaker, 1996; Agerwal& Rao, Keller, 1993, Park& sirnivasan,1994; Park et al.,1986).  The information integration theory, weights the brand information acquired and stored in memory. (Anderson,1981)
  • 11. Brand Relationship  Consumers interact with brands in human like properties. In qualitative research Fournier (1998) found evidence of customer brand relationship. These included arranged marriages, casual relationships, marriage of convenience, committed partnerships, best friends, kinship, rebounds/avoidance, childhood friendship, secret affairs and enslavement.
  • 12. Signifying  Brands may be viewed as signifiers that transfer meaning (Mick, 1986).  The accumulated information and knowledge about a brand can be used in a functional–rational way as informational cues. Price and quality of a brand are the most widely used types of informational signals, signifying that a brand is a value, premium or luxury brand (Zeithaml, 1988).  The self-brand connection scale measures the strength of the link between the self and a particular brand (Escalas, 2004).
  • 13. Relationship of Brand Equity to Customer Equity  An important emerging line of research concerns customer equity and the antecedents and consequences of developing strong ties to customers (Rust et al. 2000). A number of researchers have noticed the relationship between the brand- management and customer-management perspectives (e.g., Ambler et al. 2002).
  • 14. The impact of a flagship vs. a brand store on brand Attitude , brand Attachment and brand Equity Dolbec, P., & Chebat, J. (2013). The impact of a flagship vs. a brand store on brand attitude, brand attachment and brand equity. Journal of Retailing, 89(4), 460-466. doi:http://dx.doi.org/10.1016/j.jretai.2013.06.003  A flag ship is a store “carrying a single brand of product, owned by that brand’s manufacturer, and operated – at least in part–with the intention of reinforcing the brand rather than selling a product at a profit”(Kozinetsetal.2002)  Only the first two characteristics of The brand attitude construct were measured using a semantic scale, for all other construct seven point Likert scale were used then the two scales disaggregated into subscales corresponding to their relative factors.
  • 15. Dolbec, P., & Chebat, J. (2013)
  • 16. The Relation between Brand image and Purchase Intention Wang, Y., & Tsai, C. (2014). THE RELATIONSHIP BETWEEN BRAND IMAGE AND PURCHASE INTENTION: EVIDENCE FROM AWARD WINNING MUTUAL FUNDS. The International Journal of Business and Finance Research, 8(2), 27-40. Retrieved from http://search.proquest.com/docview/1444640887?accountid=12967  The purpose of this study is to investigate the relationships and effects of brand image, perceived quality, perceived risk, perceived value, and purchase intention, as well as to examine the effects of demographic variables on these five dimensions.  Branding mutual funds through award process, Morningstar fund award, the Lipper fund award, and Bloomberg best fund award.  Brand image is often used as an extrinsic cue when consumers evaluate products before purchasing (Zeithaml, 1988; Richardson, Dick and Jain, 1994).
  • 17. Price difference for brand and impact of advertising  Studies have demonstrated that leading brands can command large price differences (Simon 1979, Agrawal 1996, Park and Srinivasan 1994, Sethuraman 1996) and are more immune to price increases (Sivakumar and Raj 1997). Lower levels of price sensitivity have been found for households that are more loyal (Krishnamurthi and Raj 1991). Ailawadi et al. (2003) proposed that the revenue premium a brand commands vis-à-vis an unbranded product is a simple useful measure of brand equity and showed how it responds to brand actions. They contend that neither the sales premium nor the price premium alone captures the increased demand attributable to a brand. Advertising may play a role in decreasing price sensitivity (Kanetkar et al. 1992). Consumers who are highly loyal to a brand have been shown to increase purchases when advertising for the brand increased (Raj 1982, Hsu and Liu 2000). Research suggests that stores are more likely to feature well-known brands if they convey a high quality image (Lal and Narasimhan 1996). Fader and Schmittlein (1993) proposed that differences in retail availability may be a key component of the higher repeat-purchase rates for higher-share brands.
  • 18. The Ineffectiveness of Corporate Brand Investment in Creating Price Premium Biong, H., & Silkoset, R. (2014). THE INEFFECTIVENESS OF CORPORATE BRAND INVESTMENTS IN CREATING PRICE PREMIUMS. Journal of Marketing Theory and Practice, 22(2), 169-184. Retrieved from http://search.proquest.com/docview/1503763111?accountid=12967  B2B (business-to-business) branding research indicates that corporate brand equity investments will increase suppliers' price premiums. In contrast, economics of information studies suggest that suppliers' price premiums decrease with their brand investments. This study, building on economics of information, tests these contrasting perspectives empirically in a B2B services context. The results show that suppliers' corporate brand investments are ineffective in creating price premiums because brand investments and price premiums provide substituting information of unobservable quality. Furthermore, suppliers' price premiums decrease with buyers' willingness to punish sellers' quality deception. In contrast, the suppliers' price premiums increase with their provision of warranties and with their customers' quality-sensitiveness.
  • 19.  The finding showing that sellers’ ability to charge price premiums decreases with increasing levels of corporate brand investments may be counterintuitive but is in line with argumentation from economics of information (Ippolito 1990; Rao 1993; Rao and Monroe 1996).
  • 20. World market segmentation and brand position strategy  Study by Saleh S. Hassan George Washington University(2012). Examined the conceptual and empirical linkage between segmentation bases and brand position strategies in the context of globalization and firms operating in globalized market.  Study found combined use of Macro and Micro based segmentation is centered and linked to top Brand, where firms seeking more localized segmentation uses micro base to segment. Bases of segmentation can include brand positioning thus have implication on brand perception in the world market. Buyers behavior, or country factors impacts brand position and perceived position in the global market.
  • 22. Corporate Credibility  Keller and Aaker (1992, 1998) define corporate credibility as the extent to which consumers believe that a company is willing and able to deliver products and services that satisfy customer needs and wants (Erdem and Swait 2004). They showed that successfully introduced brand extensions can lead to enhanced perceptions of corporate credibility and improved evaluations of even quite dissimilar brand extensions. They also showed that corporate marketing activity related to product innovation produced more favorable evaluations for a corporate brand extension than corporate marketing activity related to either the environment or, especially, the community (Gürhan-Canli and Batra 2004). In addition, Bhattacharya and Sen (2003) extended the thinking on consumer-brand relationships to consider consumer company relationships, adopting a social identity theory perspective to argue that perceived similarity between consumer and company identities play an important role in relationship formation.
  • 23. Ethical positioning Index (EPI)  Study by Sager et al. using an innovative ranking scale based on ethical issues in brand positioning, he builds on the idea that ethics can be a differentiated point and can create a competitive advantage.  Using elements of brand positioning brand identity, brand personality, brand awareness, brand communication, are blended with ethics, beliefs, and value, and customs to create a framework.  The study implies managerial and social implication.
  • 24. Sager et al. (2011)
  • 25. Brand Recall Index Vijaykumar Krishnan, Ursula Y. Sullivan, Mark D. Groza, Timothy W. Aurand, (2013) "The Brand Recall Index: a metric for assessing value", Journal of Consumer Marketing, Vol. 30 Iss: 5, pp.415 - 426 - See more at: http://www.emeraldinsight.com.proxy.lib.odu.edu/journals.htm?issn=0736- 3761&volume=30&issue=5&articleid=17093281&show=html#idb1  Research on brand awareness (Aaker,2011) refers to brand recall, the degree to which a brand is retrieved from memory either spontaneously or with a brand cue, interchangeably with brand familiarity. Past research has investigated recall for brand names, non-word brand names, and other associated brand cues (Lermann and Garbarino,2002).  Information processing theories (Keller1993 , Higgins,1996) suggest that both content and experience of a brand's recall shape the preference for that brand. First, the recalled knowledge content on the brand helps the consumer judge a brand. Thus, in recalling the brand Nike, consumers recall attributes such as shape and color, benefits such as comfort and attitudes such as the tagline “Just do it.” Second, the experience of the brand recall informs preference judgment as well. When considering the shoes category, the brand Nike is retrieved fluently and easily. This ease-of-retrieval experience makes the consumer argue non-consciously, “It must be a good brand or else why will it pop-up so easily when I think about shoes?” Nedungadi(1990)shows that in memory based choice situations, this relative ease-of–retrieval experience should enhance the probability of the brand's inclusion in the consideration set. Brands that are recalled earlier should provide greater ease-of-retrieval experience and therefore the order of recall should eventually affect the brand preference.
  • 26. Managerial implications  Measuring your own brand in comparison to other competitors  Complex  Expensive
  • 27. Triple bottom line (TBL) and strategic positioningAlhaddi, H. (2014). The influence of triple bottom line on strategic positioning: An exploratory case study on differentiation through image. Journal of Management and Strategy, 5(1), 55-n/a. Retrieved from http://search.proquest.com/docview/1499055719?accountid=12967  A study using grounded theory (Glaser & Strauss,1967) the influence of TBL is emerging ,yet substantial phenomenon as a strategic position through image differentiation, this is build up on empirical sustainability.  Findings shows how TBL, strategic positioning, differentiation, and Image within a global organization was intertwined into the fabric and heritage of the organization.  The degree of alignment between TBL objectives and product or service influence the impact of strategic position.
  • 29.  Concept of positioning is defend by Trout and Ries (1982) and Mardsen (2002) as the way in which a brand is positioned in the mind of the consumer ,not by creating something new and different ,but by manipulating what is already present in the current image. Kotler (2000) defines the term positioning as "the act of designing the company offering an image to accompany a distinct place with target market’s mind”
  • 30.
  • 31.
  • 32.  Repositioning is an innovative and creative process which is undoubtedly different from positioning. A strong differentiator is considered to be the element of change inherited in the repositioning process. Porter,(1996;Turner,2003,Zikmud &D’amic,1992,Ryan et al,2007)
  • 34.
  • 35.  Based on a meta-analysis of seven studies using 131 different brand extensions, Bottomley and Holden (2001) concluded that brand extension evaluations are based on the quality of the original brand, the fit between the parent and extension categories, and the interaction of the two, although cultural differences influenced the relative importance attached to these model components. Studies have shown how well-known and well-regarded brands can extend more successfully (Aaker and Keller 1990, Bottomley and Doyle 1996) and into more diverse categories (Keller and Aaker 1992, Rangaswamy et al. 1993).  In addition, the amount of brand equity has been shown to be correlated with the highest-or-lowest-quality member in the product line for vertical product extensions (Randall et al. 1998). Brands with varied product category associations developed through past extensions have been shown to be especially extendible (Dacin and Smith 1994, Keller and Aaker 1992, Sheinin and Schmitt 1994). As a result, introductory marketing programs for extensions from an established brand can be more efficient (Erdem and Sun 2002, Smith 1992, Smith and Park 1992).
  • 36.  The knowledge of familiarity, that consumers have with the brand is likely to influence all of their perception of the brand park and Kim (2001)  Dawer(1996) considered brand knowledge together with the fit and found different results according to the association the extension had with the brand  Low and Lamb (2000) discovered that brand image may change depending on the consumer level of familiarity with the brand.
  • 37. lai, M., & Lin, S. (2014). A study on the effect of sequential extended brand elasticity on brand equity. Journal of American Academy of Business, Cambridge, 19(2), 265-277. Retrieved from http://search.proquest.com/docview/1464957313?accountid=12967 Brand extension has been the basis for growth strategies of many enterprises globally. How brand extension strategies affect brand equity has become a popular strategic issue. At present, enterprises mainly adopt diversification strategies to expand business territory. Therefore, the product categories that are completely different from main brand image will be the greatest challenge faced by enterprises.
  • 38. The term "brand elasticity" was proposed by Monga & John (2010), who found that many brands did not follow general rules for successful "brand extension," but still achieved successful brand extension. These brands are described as brands with more "elasticity" because they are able to promote brand extension for different product categories, share common properties or characteristics of existing products, and attract different customer markets.
  • 39. Findings of Brand Extension Strategies Eva Martínez, Leslie de Chernatony, (2004) "The effect of brand extension strategies upon brand image", Journal of Consumer Marketing, Vol. 21 Iss: 1, pp.39 - 50  The dilution effect is grater on product brand image rather than general brand image.  The perceived qualities of the parent brand and the attitude toward the extended product have positive effect on the general brand image.  The familiarity of the parent brand’s product only influence general brand image and the level of fit only influence brand image.
  • 40. Culture and Brand Extension Monga, A. B. (2004). Cultural differences in brand extension evaluation: The role of analytic versus holistic thinking. (Order No. 3129238, University of Minnesota). ProQuest Dissertations and Theses, , 126-126 p. Retrieved from http://search.proquest.com/docview/305157010?accountid=12967. (305157010).  Easterners, being holistic thinkers, would perceive higher brand extension fit than Westerners, leading to more favorable brand extension evaluations. Also examine whether Indian and American populations would be suitable representations of an Eastern and Western culture, respectively. In two studies, we found that Easterners gave higher brand extension fit and evaluation ratings than Westerners, particularly for poor fitting brand extensions like Coke popcorn. The study also found that Easterners and Westerners varied in their styles of thinking about brand extensions, often focusing on different aspects of the brand extension.
  • 41. Loyal behavior Leif E. Hem and Nina M. Iversen (2003) ,"Transfer of Brand Equity in Brand Extensions: the Importance of Brand Loyalty", in NA - Advances in Consumer Research Volume 30, eds. Punam Anand Keller and Dennis W. Rook, Valdosta, GA : Association for Consumer Research. high affective relationship towards the parent brand may reduce the evaluation of brand extensions. loyal behavioral intention towards the parent brand is important for reaching a positive evaluation of extensions. Self-image relationship towards the parent brand is found to increase the evaluation of brand extensions.
  • 42. Propositions  Does nostalgia always protect the brand and to what extent?  Does certain brand personality dimensions activate specific behavior with different segments of the market?  Does brand personality compete with one another? Can different personality mix and blend?
  • 43. Propositions continued  Is there a diminishing return on advertisement for specific brands?  Does brand extension have same success rate in different markets?  Does brand extension dilute brand equity in different markets?  What is the relationship between image and the value of the product when making a purchase decision?
  • 44. Alina Todiras, PeterNijkamp , Saidas Rafijevas, (2011) " innovative marketing strategies for national industrial flagship: Brand repositioning for accessing upscale markets Salah S. Hassan, Stephen Craft, (2012) "Examining world market segmentation and brand positioning strategies", Journal of Consumer Marketing, Vol. 29 Iss: 5, pp.344 - 356 Mahim Sagar, Rishabh Khandelwal, Amit Mittal, Deepali Singh, (2011) "Ethical Positioning Index (EPI): an innovative tool for differential brand positioning", Corporate Communications: An International Journal, Vol. 16 Iss: 2, pp.124 - 138 Alhaddi, H. (2014). The influence of triple bottom line on strategic positioning: An exploratory case study on differentiation through image. Journal of Management and Strategy, 5(1), 55-n/a. Retrieved from http://search.proquest.com/docview/1499055719?accountid=12967 Biong, H., & Silkoset, R. (2014). THE INEFFECTIVENESS OF CORPORATE BRAND INVESTMENTS IN CREATING PRICE PREMIUMS. Journal of Marketing Theory and Practice, 22(2), 169-184. Retrieved from http://search.proquest.com/docview/1503763111?accountid=12967 Wang, Y., & Tsai, C. (2014). THE RELATIONSHIP BETWEEN BRAND IMAGE AND PURCHASE INTENTION: EVIDENCE FROM AWARD WINNING MUTUAL FUNDS. The International Journal of Business and Finance Research, 8(2), 27-40. Retrieved from http://search.proquest.com/docview/1444640887?accountid=12967 Dolbec, P., & Chebat, J. (2013). The impact of a flagship vs. a brand store on brand attitude, brand attachment and brand equity. Journal of Retailing, 89(4), 460-466. doi:http://dx.doi.org/10.1016/j.jretai.2013.06.003 Musekiwa, A., Chiguvi, D., & Hogo, H. (2013). Customer based retail brand equity (RBE) dimensions effect on retail brand equity for OK supermarket in bindura. International Journal of Business and Management, 8(19), 45-54. Retrieved from http://search.proquest.com/docview/1468448487?accountid=12967 Kevin, L. K., & Lehmann, D. R. (2006). Brands and branding: Research findings and future priorities. Marketing Science, 25(6), 740-759. Retrieved from http://search.proquest.com/docview/212245322?accountid=12967 Broniarczyk, S. M., J. W. Alba. 1994. The importance of the brand in brand extension. J. Marketing Res. 31(May) 214-228. Bernd Schmitt, 2011. The consumer psychology of brands. Journal of consumer psychology 22 (2012) 7-17 Islam, M. T. (2013). POSSIBLE IMPACT ON CUSTOMER PERCEPTION DUE TO ACQUISITION: THE CASE STUDY ON ACQUISITION OF SOMERFIELD BY CO OPERATIVE GROUP IN UK MARKET. International Journal of Marketing and Technology, 3(4), 99-108. Retrieved from http://search.proquest.com/docview/1412868083?accountid=12967 Vu, D. A., & Moisescu, O. I. (2013). BRAND INTEGRATION PRACTICES IN MERGERS AND ACQUISITIONS. Management & Marketing, 8(3), 403-428. Retrieved from http://search.proquest.com/docview/1470776703?accountid=12967
  • 45. Alhaddi, H. (2014). The influence of triple bottom line on strategic positioning: An exploratory case study on differentiation through image. Journal of Management and Strategy, 5(1), 55-n/a. Retrieved from http://search.proquest.com/docview/1499055719?accountid=12967 Dolbec, P., & Chebat, J. (2013). The impact of a flagship vs. a brand store on brand attitude, brand attachment and brand equity. Journal of Retailing, 89(4), 460-466. doi:http://dx.doi.org/10.1016/j.jretai.2013.06.003 Wang, M., Li, W., Chou, M., & Huang, C. (2014). NOSTALGIA, PERCEIVED VALUE, SATISFACTION, AND LOYALTY OF CRUISE TRAVEL. International Journal of Organizational Innovation (Online), 6(4), 184-191. Retrieved from http://search.proquest.com/docview/1517634863?accountid=12967 Daniel A. Sheinin, (1998) "Positioning brand extensions: implications for beliefs and attitudes", Journal of Product & Brand Management, Vol. 7 Iss: 2, pp.137 - 149 Deviraj Gill, Anne Broderick (2014), Brand Heritage and CSR Credentials: A Discourse Analysis of M&S Reports, in Ralph Tench, William Sun, Brian Jones (ed.) Communicating Corporate Social Responsibility: Perspectives and Practice (Critical Studies on Corporate Responsibility, Governance and Sustainability, Volume 6), Emerald Group Publishing Limited, pp.179-199 - See more at: http://www.emeraldinsight.com.proxy.lib.odu.edu/books.htm?issn=2043- 9059&volume=6&chapterid=17104385&show=abstract#sthash.LLuoAmum.dpuf Jing Theng So, Andrew Grant Parsons, Sheau-Fen Yap, (2013) "Corporate branding, emotional attachment and brand loyalty: the case of luxury fashion branding", Journal of Fashion Marketing and Management, Vol. 17 Iss: 4, pp.403 - 423 Sciarrino, J. (2014). LEVERAGING THE VIRTUOUS CIRCLE OF BRAND AND THE EXTENDED SELF. Journal of Marketing Theory and Practice, 22(2), 147-148. Retrieved from http://search.proquest.com/docview/1503763164?accountid=12967 Sashittal, H. C., Hodis, M., & Sriramachandramurthy, R. (2014). Is your brand a living entity? MIT Sloan Management Review, 55(3), 95-96. Retrieved from http://search.proquest.com/docview/1514709950?accountid=12967 Vijaykumar Krishnan, Ursula Y. Sullivan, Mark D. Groza, Timothy W. Aurand, (2013) "The Brand Recall Index: a metric for assessing value", Journal of Consumer Marketing, Vol. 30 Iss: 5, pp.415 - 426 Krishnan, V., Sullivan, U. Y., Groza, M. D., & Aurand, T. W. (2013). The brand recall index: A metric for assessing value. The Journal of Consumer Marketing, 30(5), 415-426. doi:http://dx.doi.org/10.1108/JCM-02-2013-0464 Monga, A. B. (2004). Cultural differences in brand extension evaluation: The role of analytic versus holistic thinking. (Order No. 3129238, University of Minnesota). ProQuest Dissertations and Theses, , 126-126 p. Retrieved from http://search.proquest.com/docview/305157010?accountid=12967. (305157010).

Editor's Notes

  1. Multi-Sensory--for instance, ambient scents can improve brand memory
  2. Indeed, under one set of assumptions the value of a customer to the firm (i.e., customer equity) can be shown algebraically to be the sum of the profit from selling equivalent generic products and the additional value from selling branded goods (i.e., brand equity). Custom equity is attached wit the idea of how much the firm will generate in revenue. How the customer evaluate the product it also implies the segmentation of customer And deduction of drivers, value equity utility of the brand. And brand equity (perception portion ) relationship equity in form of offering and rewarding behavior.
  3. Global strategy identifying similar market that demand similar brand (hybrid base) Multinational strategy different segments in different countries with same brand (geo demographic ) Focus strategy identifying similar segment in many or most country (balance between micro culture and usage behaviors) multi local strategy emphasizing on different segment that demand different brand (strong local brand loyalty )
  4. The study were able to establish weights, scores and ranking of a brand.
  5. The focus of the current study is to understand the brand word names that are spontaneously remembered by members of a given segment. In doing so, the intent is to then derive a measure by which companies may be able to elicit the value of their brands. Findings from brand recall studies have suggested that creative commercials help facilitate unaided recall but not aided recall, purchase intent, or brand and advertisement attitude (Till and Baack,2005). In addition, humor was found to distract consumers from consciously remembering brand names but did not affect unconscious memory (Hansen et al,2009). Finally, higher brand recall was associated with high-involvement product brands versus low-involvement brands, suggesting that advertising and other marketing tactics may have less effect on brands that are not held to be high involvement (Radder and Hung,2008 ). Thus, an easy-to-compute measure for brand recall would help the branding process –the motivation for this paper.
  6. Estimating the value of a brand has obvious benefits to virtually any firm. Knowing how one's brand compares in value to that of its major competitors, and how the brand's value changes over time, can be critical to the strategic and tactical decisions of any marketing executive. Unfortunately, the process by which a firm's brand value is estimated can be complex and expensive, and therefore not a realistic option for many firms. So while brand value estimates by groups such as Interbrand and BrandZ may be of significant value and universally accepted, many firms are in no position to take advantage of this resource.
  7. The brand elasticity have a positive effect on brand equity, brand extension have a positive effect on bran equity.
  8. brand elasticity is the ability of a brand to be extended. Moreover, this study integrated the brand elasticity-related concepts proposed by Monga & John (2010) and Batra et al. (2010) to define "brand elasticity" as "property of master brand and its characteristics can be extended to completely different protect category other studies on brand equity mainly evaluated the aspects such as brand loyalty, perceived quality, brand association, and brand awareness (Keller, 1993; Aaker, 1996; Martinez, Montaner, & Pina, 2009; Buil,
  9. The objective of this paper is to analyze the effect that a brand extension strategy has on brand image. Specifically, the paper analyzes how variables related to the parent brand and the extension influence brand image after the extension. From a sample of 389 consumers the paper demonstrates that the extension strategy dilutes the brand image. the perceived quality of the brand and consumers’ attitudes towards the extension positively influence both the general brand image (GBI) and the product brand image (PBI) after the extension. While familiarity with the products of the brand only affect the GBI.