SlideShare a Scribd company logo
BRAND PLANNING




                 1
The Concept of
    Customer-Based Brand Equity
    Customer-based brand equity


        Differential effect
    

        Customer brand knowledge
    

        Customer response to brand marketing
    




                                           2
Building
    Customer-Based Brand Equity
    The initial choices for the brand elements


        Brand name, logo, symbol, character, slogan….
    


    Marketing and other activities and


    supporting marketing programs
        Products, services, communications, channels ….
    


    Other associations indirectly transferred


    to the brand by linking it to some other
    entities
        Other companies, brands, places, people ….
    



                                                          3
Benefits of
    Customer-Based Brand Equity
    Enjoy greater brand loyalty & be less vulnerable

    to competitive marketing actions
    Command larger margins & have more inelastic

    responses to price increases and elastic
    responses to price decreases
    Receive greater trade cooperation & support


    Increase marketing communication

    effectiveness
    Yield licensing opportunities


    Support brand extensions


    Bridge between past activities and future

    direction
                                                   4
Three Tools to
Facilitate Brand Planning
    Holistic marketing requires careful planning

    and implementation.
    To help guide these efforts, three models of

    increasing scope are presented:
    1) brand positioning model describes how to guide integrated
       marketing to maximize competitive advantages;
    2) brand resonance model describes how to create
       intense, activity loyalty relationships with customers; and
    3) brand value chain model describes how to trace the value
       creation process to better understand the financial impact
       of marketing expenditures and investments.



                                                                 5
1. Brand Positioning Model
      Kevin Lane Keller, Brian Sternthal, and Alice Tybout (2002),
  

      “Three Questions You Need to Ask About Your Brand,”
      Harvard Business Review, September, 80 (9), 80-89.




                                                                     6
Brand Positioning
    Brand positioning is about how we want target


    customers to think about a brand with respect to
    competitors
    A strong brand positioning helps guide


    organizational activities by clarifying the brand’s
    essence, what the brand helps the customer
    achieve, and how it is unique in doing so
        Everyone in the organization should understand the brand
    

        positioning and use it as context for making decisions




                                                                   7
Classic Brand Positioning Statement

  To ___________________________________________________________________,
                      (Target Group/Need)

  _______________is the brand of __________________________________________.
    (Brand)                                 Frame of Reference (Perceptual)


  Competing Mainly With ___________________________________________________
                                    Frame of Reference (Competitive)

  that ___________________________________________________________________,
                      (Relevant Differentiating Benefit)


  because ______________________________________________________________.
                                    (Reason To Believe)


  The Brand Character is: ___________________________________________________
Amazon.com Positioning
For the young at heart who value an infinite amount of
choices, Amazon.com is the virtual cookie jar, competing
mainly with all brick and mortar stores, that gives you the
perfect combination of convenience, service, selection and
price, because Amazon.com offers a truly global selection
of products.

Brand Character: Simple, Friendly, Empowering




                                                         9
Problems with Classical
Positioning Statement
    Ignores possibility of multiple


    points-of-difference
        Assumes only 1 key point-of-difference
    

    Ignores need for points-of-parity


    Doesn’t provide forward-looking

    growth platform


                                                 10
The Four Components of a
Superior Competitive Positioning
    Competitive frames of reference


        Nature of competition
    

        Target market
    

    Develop unique brand points-of-difference (POD’s)


        Desirable to consumer
    

        Deliverable by the brand
    

        Differentiating from competitors
    

    Establish shared brand points-of-parity (POP’s)


        Negate competitor points-of-difference
    

        Demonstrate category credentials
    

    Brand mantras


        Short 3-to-5 word phrases that capture key POD’s & the irrefutable
    
        essence or spirit of the brand.

                                                                     11
Coca-Cola Positioning
    Competitive frame of


    reference
         Colas?
     

         Non-alcoholic?
     

    Points-of-difference


         Distinctive taste profile
     

         Optimistic view of life
     

         Classic, iconic symbolism &
     

         imagery
    Points-of-parity


         Contemporary, up-to-date
     

         Refreshing flavor
     

    Brand slogan


         “Coke Side of Life”
     



                                       12
Identifying & Choosing
        POP’s & POD’s
    Desirable? (consumer perspective)

        Personally relevant
    

        Believable & credible
    

    Deliverable? (firm perspective)

        Feasible
    

        Profitable
    

        Pre-emptive, defensible & difficult to attack
    

    Differentiating? (competitive perspective)

        Distinctive & superior
    




                                                        13
Identifying & Choosing
POP’s & POD’s




                         14
Principles Reinforced
By Miller Lite Launch
    Both points-of-parity and points-of-difference

    are needed to be well-positioned
    Points-of-parity and points-of-difference are

    often negatively correlated
    Points-of-parity are NOT points-of-equality –

    there is a zone or range of indifference or
    tolerance
    Points-of-parity may even need to be the

    focus of marketing communications as the
    points-of-difference may be a “given”


                                                15
Miller Lite Update
    Miller Lite had experienced flagging sales,

    falling behind both Bud Lite and Coors Lite
    Management decides to create a powerful

    new position …
        Reaffirm core duality and functional benefit of less filling
    
        & great tasting
        Reinforce strong user imagery and emotional appeal as to
    
        uncompromising character
    By addressing inherent product trade-offs

    and linking performance & emotional
    equities …
        Sales rise 10% during 2004-2005
    



                                                                  16
Accenture
Straddle Positioning Strategy
    Accenture is the company that combines:


        Strategic insight, vision, and thought leadership
    

        Information technology expertise in developing client
    

        solutions
    This strategy permits:


        Points-of parity with its two main competitors, McKinsey &
    

        IBM
        While simultaneously achieving points-of-difference
    




                                                                17
Accenture
Strategy
           Straddle Positioning
& Vision
           (WHAT they do)




                       Technology
                       & Execution
Accenture Straddle Positioning


               McKinsey   IBM

Strategy
                 POP      POD
& Vision

Technology &
                 POD      POP
Execution
Accenture
Proactive, Agile,
                    Straddle Positioning
& Passionate
                    (HOW they do it)




                            Approachable &
                            Collaborative
Accenture Straddle Positioning


                    McKinsey   IBM

Proactive, Agile,
                      POP      POD
& Passionate

Approachable
                      POD      POP
& Collaborative
Accenture
High Performance. Delivered.




                          22
Communicating & Establishing
    POP’s & POD’s
    Create POP’s and POD’s in the face of

    attribute & benefit trade-offs
        Price & quality
    

        Convenience & quality
    

        Taste & low calories
    

        Efficacy & mildness
    

        Power & safety
    

        Ubiquity & prestige
    

        Comprehensiveness (variety) & simplicity
    

        Strength & refinement
    
                                                   23
Strategies to Reconcile
    Attribute & Benefit Trade-Offs
    Design optimal product & services


    Establish separate marketing

    programs
    Leverage secondary association (e.g.,

    co-brand)
    Re-define the relationship from


    negative to positive

                                       24
Brand Mantras
    Short 3-to-5 word phrases that capture the

    irrefutable essence or spirit of the brand.
    Brand mantra must clearly delineate what

    the brand is supposed to represent and
    therefore, at least implicitly, what it is not
    Brand mantras typically are designed to

    capture the brand’s points-of-difference,
    i.e., what is unique about the brand.




                                                     25
Brand Mantra Examples

    Nike


        “Authentic Athletic
    

        Performance”
    Disney


        “Fun Family
    

        Entertainment”
    American Express


        “Worldclass Service,
    

        Personal Recognition”
                                26
Brand Mantra Criteria

    Communicate

         A good brand mantra should define the category (or
     
         categories) of business for the brand and set the brand
         boundaries. It should also clarify what is unique about the
         brand.
    Simplify

         An effective brand mantra should be memorable. As a
     
         result, it should be short, crisp, and vivid in meaning.
    Inspire

         Ideally, the brand mantra would also stake out ground that
     
         is personally meaningful and relevant to as many employees
         as possible.

                                                                    27
Some Positioning Guidelines

1.   A good positioning has …
     •   A “foot in the present” &
     •   A “foot in the future”
2.   Evaluate POP & PODs according to:
     •   Desirable (consumer)
     •   Deliverable (company)
     •   Differentiating (competition)
3.   Identify crucial POP’s
     •   Role play competitor’s positioning
     •   Surface & resolve potential consumer trade-offs
          •   Assess negative correlations & decision-making styles
4.   Ensure duality
     •   Rational (“Head”)
     •   Emotional (“Heart”)
                                                                      28
2. Brand Resonance Model
      Kevin Lane Keller (2001), “Building Customer-Based Brand
  

      Equity: A Blueprint for Creating Strong Brands,” Marketing
      Management, July/August, 15-19.




                                                                   29
Create Brand Resonance
    with Customers

    Challenge is to ensure customers have

    the right types of experiences to create
    the right brand knowledge
    Building a strong brand involves a series

    of steps as part of a “branding ladder”
    A strong brand is also characterized by

    a logically constructed set of brand
    “building blocks.”


                                           30
BRAND RESONANCE PYRAMID
                                                           Branding
Stages of Brand              Building       Blocks        Objective at
 Development
                                                          Each Stage

      RELATIONSHIPS:                                          Intense,
4   What about you & me?                                   Active Loyalty
                                    Resonance




       RESPONSE:                                             Positive,
3    What about you?                                        Accessible
                               Judgments   Feelings         Reactions



     MEANING:                                             Points-of-Parity
2   What are you?                                          & Difference
                           Performance          Imagery



                                                           Deep, Broad
     IDENTITY:
1                                                            Brand
    Who are you?                     Salience
                                                           Awareness
Brand Resonance Pyramid
    Terminology

    Salience


        Depth and breadth of brand awareness
    

             Recognition and recall at purchase and consumption
         


    Performance


        What the brand does to meet customers' more functional needs.
    

             Brand performance refers to the intrinsic properties of the brand in terms of
         

             inherent product benefits.
    Imagery


        How people think about a brand abstractly rather than what they
    
        think the brand actually physically does.
             Brand imagery is thus more extrinsic properties of the brand.
         

        Four important intangible dimensions are:
    

             Type of user
         

             Brand personality
         

             History & heritage
         

             Experiences
         

                                                                                      32
Brand Resonance Pyramid
Terminology
    Judgments


        Customers overall brand evaluations
    

             How customers combine performance and imagery
         

             associations to form different kinds of brand opinions
    Feelings


        Customers emotional responses and
    

        reactions to the brand
             Can be mild or intense; positive or negative; or
         

             experiential or enduring in nature.
             Can also relate to the social currency evoked by the
         

             brand.
                                                                      33
Dimensions of Brand Feelings

Brand feelings can be divided into two broad categories:
 Experiential – immediate, short-lived during purchase/consumption
 Enduring – private, possibly part of day-to-day life

Brands should have one, or ideally both, types of feelings



             Experiential Feelings     Enduring Feelings
             • Warm                    • Sense of Security (Inner-directed)
Increasing
             • Fun                     • Social Approval (Outer-directed)
level of
intensity

             • Exciting                • Self-Respect (Actualization)

                                                 Self-Respect            Higher
                                                                         level of
                                                                         values &
                                     Sense of Security Social Approval   needs


                                     Inner-Directed     Outer-Directed
Brand Resonance Pyramid
Terminology
    Resonance


        The extent to which customers feel that
    

        they are “in synch” with the brand
             Intensity or depth of the psychological bond that
         

             customers have with the brand
             Level of activity engendered by this loyalty
         

                   Repeat purchase rates
               

                   The extent to which customers seek out brand information,
               

                   events, or other loyal customers
                   Etc.
               




                                                                       35
Sub-Dimensions of Brand Resonance Pyramid


                               RESONANCE
                               LOYALTY
                               ATTACHMENT
                               COMMUNITY
                               ENGAGEMENT


                                       FEELINGS
                                       WARMTH
                   JUDGMENTS
                                       FUN
                   QUALITY
                                       EXCITEMENT
                   CREDIBILITY
                                       SECURITY
                   CONSIDERATION
                                       SOCIAL APPROVAL
                   SUPERIORITY
                                       SELF-RESPECT


       PERFORMANCE                        IMAGERY
       PRIMARY CHARACTERISTICS &          USER PROFILES
         SECONDARY FEATURES               PURCHASE & USAGE
       PRODUCT RELIABILITY,                 SITUATIONS
         DURABILITY & SERVICEABILITY      PERSONALITY &
       SERVICE EFFECTIVENESS,               VALUES
         EFFICIENCY, & EMPATHY            HISTORY, HERITAGE,
       STYLE AND DESIGN                    & EXPERIENCES
       PRICE

                         SALIENCE
                         CATEGORY IDENTIFICATION
                         NEEDS SATISFIED
Brand Resonance Model:
Brand Building Implications
1. Customers own brands
2. Don’t take shortcuts with brands
3. Brands should have a duality
  •   Performance & imagery
  •   Judgments & feelings
4. Brand should have a richness
5. Brand resonance provides
   important focus
                                  37
3. Brand Value Chain Model
      Kevin Lane Keller and Don Lehmann (2003), “How Do
  

      Brands Create Value,” Marketing Management, May/June,
      26-31.




                                                              38
Brand Value Chain

       Marketing                  Customer                Market                  Shareholder
VALUE   Program                   Mindset               Performance                  Value
STAGES Investment

                                                       - Price premiums
        - Product              - Awareness                                       - Stock price
                                                       - Price elasticities
        - Communications       - Associations                                    - P/E ratio
                                                       - Market share
        - Trade                - Attitudes                                       - Market capitalization
                                                       - Expansion success
        - Employee             - Attachment
                                                       - Cost savings
        - Other                - Activity
                                                       - Profitability


                    Program                                             Investor
                                            Marketplace
MULTIPLIERS
                    Quality                                            Sentiment
                                            Conditions

                  - Relevance            - Competitive reactions     - Market dynamics
                  - Distinctiveness      - Channel support           - Growth potential
                  - Consistency          - Customer size and profile - Risk profile
                  - Cohesiveness                                     - Brand contribution
Conclusions
    Three helpful brand planning models are:

        Competitive brand positioning model
    
             Points-of-parity & points-of-difference
         

        Brand resonance model
    
             Six building blocks: Salience, Performance, Imagery,
         
             Judgments, Feelings, & Resonance
        Brand Value Chain
    
             Value stages & multipliers
         


    These models can be used …

        Qualitatively to guide & interpret possible marketing
    
        actions
        Quantitatively to measure marketing effects
    


                                                                    40

More Related Content

What's hot

Chap 4,choosing brand elements to build brand equity
Chap 4,choosing brand elements to build brand equityChap 4,choosing brand elements to build brand equity
Chap 4,choosing brand elements to build brand equity
Rajesh Kumar
 
Chapter 6 ((integrating marketing communications to build brand equity)
Chapter 6 ((integrating marketing communications to build brand equity)Chapter 6 ((integrating marketing communications to build brand equity)
Chapter 6 ((integrating marketing communications to build brand equity)
Jawad Chaudhry
 
BRAND POSITIONING & VALUES
 BRAND POSITIONING & VALUES BRAND POSITIONING & VALUES
BRAND POSITIONING & VALUES
Avinash Singh
 
What is brand equity?
What is brand equity?What is brand equity?
What is brand equity?
Sameer Mathur
 
Case study of Accenture
Case study of AccentureCase study of Accenture
Case study of Accenture
Siddharth JP
 
Strategic Brand Management
Strategic Brand ManagementStrategic Brand Management
Strategic Brand Management
Asia Pacific Marketing Institute
 
Brand Planning
Brand PlanningBrand Planning
Chapter 8 (developing a brand equity measurement and management system)
Chapter 8  (developing a brand equity measurement and management system)Chapter 8  (developing a brand equity measurement and management system)
Chapter 8 (developing a brand equity measurement and management system)
Jawad Chaudhry
 
MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE
 MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE
MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE
Avinash Singh
 
Customer Based Brand Equity (CBBE) by Leroy J. Ebert
Customer Based Brand Equity (CBBE) by Leroy J. EbertCustomer Based Brand Equity (CBBE) by Leroy J. Ebert
Customer Based Brand Equity (CBBE) by Leroy J. Ebert
LeRoy J. Ebert MCIM Chartered Marketer (UK), MBA (AUS)
 
Brand Revitalization
Brand RevitalizationBrand Revitalization
Brand RevitalizationTehreenilyas
 
Chapter 19 imc evaluation
Chapter 19 imc evaluationChapter 19 imc evaluation
Chapter 19 imc evaluation
Kristine Johnson
 
The 10 Types of Challenger Brands
The 10 Types of Challenger BrandsThe 10 Types of Challenger Brands
The 10 Types of Challenger Brands
Chris Perry
 
Chap 5, designing marketing programme to build brand equity
Chap 5, designing marketing programme to build brand equityChap 5, designing marketing programme to build brand equity
Chap 5, designing marketing programme to build brand equity
Rajesh Kumar
 
Brand management
Brand managementBrand management
Brand management
Raminder Pal Singh
 
Brand management with respective of Cabury
Brand management with respective of CaburyBrand management with respective of Cabury
Brand management with respective of Cabury
Prateek Pawar
 
Chapter 5- Brand management: Designing marketing programs to build brand equity
Chapter 5- Brand management: Designing marketing programs to build brand equityChapter 5- Brand management: Designing marketing programs to build brand equity
Chapter 5- Brand management: Designing marketing programs to build brand equity
Phat Ngoc NGUYEN
 
Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1
ASAD ALI
 
How to position a brand powerfully 04 11-2013
How to position a brand powerfully 04 11-2013How to position a brand powerfully 04 11-2013
How to position a brand powerfully 04 11-2013Maxwell Ranasinghe
 
Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...
Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...
Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...
TanveerHossainRayvee
 

What's hot (20)

Chap 4,choosing brand elements to build brand equity
Chap 4,choosing brand elements to build brand equityChap 4,choosing brand elements to build brand equity
Chap 4,choosing brand elements to build brand equity
 
Chapter 6 ((integrating marketing communications to build brand equity)
Chapter 6 ((integrating marketing communications to build brand equity)Chapter 6 ((integrating marketing communications to build brand equity)
Chapter 6 ((integrating marketing communications to build brand equity)
 
BRAND POSITIONING & VALUES
 BRAND POSITIONING & VALUES BRAND POSITIONING & VALUES
BRAND POSITIONING & VALUES
 
What is brand equity?
What is brand equity?What is brand equity?
What is brand equity?
 
Case study of Accenture
Case study of AccentureCase study of Accenture
Case study of Accenture
 
Strategic Brand Management
Strategic Brand ManagementStrategic Brand Management
Strategic Brand Management
 
Brand Planning
Brand PlanningBrand Planning
Brand Planning
 
Chapter 8 (developing a brand equity measurement and management system)
Chapter 8  (developing a brand equity measurement and management system)Chapter 8  (developing a brand equity measurement and management system)
Chapter 8 (developing a brand equity measurement and management system)
 
MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE
 MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE
MEASURING OUTCOMES OF BRAND EQUITY: CAPURING MARKET PERFORMANCE
 
Customer Based Brand Equity (CBBE) by Leroy J. Ebert
Customer Based Brand Equity (CBBE) by Leroy J. EbertCustomer Based Brand Equity (CBBE) by Leroy J. Ebert
Customer Based Brand Equity (CBBE) by Leroy J. Ebert
 
Brand Revitalization
Brand RevitalizationBrand Revitalization
Brand Revitalization
 
Chapter 19 imc evaluation
Chapter 19 imc evaluationChapter 19 imc evaluation
Chapter 19 imc evaluation
 
The 10 Types of Challenger Brands
The 10 Types of Challenger BrandsThe 10 Types of Challenger Brands
The 10 Types of Challenger Brands
 
Chap 5, designing marketing programme to build brand equity
Chap 5, designing marketing programme to build brand equityChap 5, designing marketing programme to build brand equity
Chap 5, designing marketing programme to build brand equity
 
Brand management
Brand managementBrand management
Brand management
 
Brand management with respective of Cabury
Brand management with respective of CaburyBrand management with respective of Cabury
Brand management with respective of Cabury
 
Chapter 5- Brand management: Designing marketing programs to build brand equity
Chapter 5- Brand management: Designing marketing programs to build brand equityChapter 5- Brand management: Designing marketing programs to build brand equity
Chapter 5- Brand management: Designing marketing programs to build brand equity
 
Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1
 
How to position a brand powerfully 04 11-2013
How to position a brand powerfully 04 11-2013How to position a brand powerfully 04 11-2013
How to position a brand powerfully 04 11-2013
 
Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...
Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...
Secondary Brand Association - Leveraging Secondary Brand Associations to Buil...
 

Similar to Brand

Brand architecture
Brand architectureBrand architecture
Brand architecture
sue woodward
 
Brand Building 101
Brand Building 101Brand Building 101
Brand Building 101simderob
 
Brand strategy & building tool kit
Brand strategy & building tool kitBrand strategy & building tool kit
Brand strategy & building tool kitReggie Aspelund
 
How to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending Small
How to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending SmallHow to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending Small
How to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending Small
Katz Marketing Solutions
 
Brand management
Brand managementBrand management
Brand management
AnjaliSingh748
 
Brand architecture
Brand architectureBrand architecture
Brand architecturezender1
 
3-Steps: Identify Your Brand Niche
3-Steps: Identify Your Brand Niche3-Steps: Identify Your Brand Niche
3-Steps: Identify Your Brand Nichesheri
 
About Brand Management By Speakerhead.com
About Brand Management By Speakerhead.com About Brand Management By Speakerhead.com
About Brand Management By Speakerhead.com
speakerhead-com
 
Branding and business strategy
Branding and business strategyBranding and business strategy
Branding and business strategy
Bolaji Okusaga
 
Is your brand truly unique
Is your brand truly uniqueIs your brand truly unique
Is your brand truly unique
Rob Kempton
 
Creating brand equity
Creating brand equityCreating brand equity
Creating brand equity
Saxbee Consultants
 
Brand mgt by sachin
Brand mgt by sachinBrand mgt by sachin
Brand mgt by sachinshovitsingh
 
Brand Perception & the 10 Brand Trigger-Points
Brand Perception & the 10 Brand Trigger-PointsBrand Perception & the 10 Brand Trigger-Points
Brand Perception & the 10 Brand Trigger-PointsMichael Cowen
 
Kolota Cm Capabilitities
Kolota Cm CapabilititiesKolota Cm Capabilitities
Kolota Cm Capabilitities
Ted Kolota
 
Brand management ppt
Brand management ppt Brand management ppt
Brand management ppt
Babasab Patil
 
福特汽車 產品策略及品牌管理
福特汽車 產品策略及品牌管理福特汽車 產品策略及品牌管理
福特汽車 產品策略及品牌管理
Jing Wen
 

Similar to Brand (20)

Brand planning
Brand planningBrand planning
Brand planning
 
Brand architecture
Brand architectureBrand architecture
Brand architecture
 
Brand Building 101
Brand Building 101Brand Building 101
Brand Building 101
 
Brand strategy & building tool kit
Brand strategy & building tool kitBrand strategy & building tool kit
Brand strategy & building tool kit
 
Keller sbm3 03
Keller sbm3 03Keller sbm3 03
Keller sbm3 03
 
How to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending Small
How to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending SmallHow to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending Small
How to Efficiently Build Your Brand - 5 Ways to Grow BIG, While Spending Small
 
Brand management
Brand managementBrand management
Brand management
 
Brand architecture
Brand architectureBrand architecture
Brand architecture
 
3-Steps: Identify Your Brand Niche
3-Steps: Identify Your Brand Niche3-Steps: Identify Your Brand Niche
3-Steps: Identify Your Brand Niche
 
About Brand Management By Speakerhead.com
About Brand Management By Speakerhead.com About Brand Management By Speakerhead.com
About Brand Management By Speakerhead.com
 
Branding and business strategy
Branding and business strategyBranding and business strategy
Branding and business strategy
 
Is your brand truly unique
Is your brand truly uniqueIs your brand truly unique
Is your brand truly unique
 
Creating brand equity
Creating brand equityCreating brand equity
Creating brand equity
 
Brand mgt by sachin
Brand mgt by sachinBrand mgt by sachin
Brand mgt by sachin
 
Brand Perception & the 10 Brand Trigger-Points
Brand Perception & the 10 Brand Trigger-PointsBrand Perception & the 10 Brand Trigger-Points
Brand Perception & the 10 Brand Trigger-Points
 
Brand equity
Brand equityBrand equity
Brand equity
 
Kolota Cm Capabilitities
Kolota Cm CapabilititiesKolota Cm Capabilitities
Kolota Cm Capabilitities
 
Brand management ppt
Brand management ppt Brand management ppt
Brand management ppt
 
福特汽車 產品策略及品牌管理
福特汽車 產品策略及品牌管理福特汽車 產品策略及品牌管理
福特汽車 產品策略及品牌管理
 
Brand Strategy
Brand StrategyBrand Strategy
Brand Strategy
 

Recently uploaded

Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
Workforce Group
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
Norma Mushkat Gaffin
 

Recently uploaded (20)

Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
 

Brand

  • 2. The Concept of Customer-Based Brand Equity Customer-based brand equity  Differential effect  Customer brand knowledge  Customer response to brand marketing  2
  • 3. Building Customer-Based Brand Equity The initial choices for the brand elements  Brand name, logo, symbol, character, slogan….  Marketing and other activities and  supporting marketing programs Products, services, communications, channels ….  Other associations indirectly transferred  to the brand by linking it to some other entities Other companies, brands, places, people ….  3
  • 4. Benefits of Customer-Based Brand Equity Enjoy greater brand loyalty & be less vulnerable  to competitive marketing actions Command larger margins & have more inelastic  responses to price increases and elastic responses to price decreases Receive greater trade cooperation & support  Increase marketing communication  effectiveness Yield licensing opportunities  Support brand extensions  Bridge between past activities and future  direction 4
  • 5. Three Tools to Facilitate Brand Planning Holistic marketing requires careful planning  and implementation. To help guide these efforts, three models of  increasing scope are presented: 1) brand positioning model describes how to guide integrated marketing to maximize competitive advantages; 2) brand resonance model describes how to create intense, activity loyalty relationships with customers; and 3) brand value chain model describes how to trace the value creation process to better understand the financial impact of marketing expenditures and investments. 5
  • 6. 1. Brand Positioning Model Kevin Lane Keller, Brian Sternthal, and Alice Tybout (2002),  “Three Questions You Need to Ask About Your Brand,” Harvard Business Review, September, 80 (9), 80-89. 6
  • 7. Brand Positioning Brand positioning is about how we want target  customers to think about a brand with respect to competitors A strong brand positioning helps guide  organizational activities by clarifying the brand’s essence, what the brand helps the customer achieve, and how it is unique in doing so Everyone in the organization should understand the brand  positioning and use it as context for making decisions 7
  • 8. Classic Brand Positioning Statement To ___________________________________________________________________, (Target Group/Need) _______________is the brand of __________________________________________. (Brand) Frame of Reference (Perceptual) Competing Mainly With ___________________________________________________ Frame of Reference (Competitive) that ___________________________________________________________________, (Relevant Differentiating Benefit) because ______________________________________________________________. (Reason To Believe) The Brand Character is: ___________________________________________________
  • 9. Amazon.com Positioning For the young at heart who value an infinite amount of choices, Amazon.com is the virtual cookie jar, competing mainly with all brick and mortar stores, that gives you the perfect combination of convenience, service, selection and price, because Amazon.com offers a truly global selection of products. Brand Character: Simple, Friendly, Empowering 9
  • 10. Problems with Classical Positioning Statement Ignores possibility of multiple  points-of-difference Assumes only 1 key point-of-difference  Ignores need for points-of-parity  Doesn’t provide forward-looking  growth platform 10
  • 11. The Four Components of a Superior Competitive Positioning Competitive frames of reference  Nature of competition  Target market  Develop unique brand points-of-difference (POD’s)  Desirable to consumer  Deliverable by the brand  Differentiating from competitors  Establish shared brand points-of-parity (POP’s)  Negate competitor points-of-difference  Demonstrate category credentials  Brand mantras  Short 3-to-5 word phrases that capture key POD’s & the irrefutable  essence or spirit of the brand. 11
  • 12. Coca-Cola Positioning Competitive frame of  reference Colas?  Non-alcoholic?  Points-of-difference  Distinctive taste profile  Optimistic view of life  Classic, iconic symbolism &  imagery Points-of-parity  Contemporary, up-to-date  Refreshing flavor  Brand slogan  “Coke Side of Life”  12
  • 13. Identifying & Choosing POP’s & POD’s Desirable? (consumer perspective)  Personally relevant  Believable & credible  Deliverable? (firm perspective)  Feasible  Profitable  Pre-emptive, defensible & difficult to attack  Differentiating? (competitive perspective)  Distinctive & superior  13
  • 15. Principles Reinforced By Miller Lite Launch Both points-of-parity and points-of-difference  are needed to be well-positioned Points-of-parity and points-of-difference are  often negatively correlated Points-of-parity are NOT points-of-equality –  there is a zone or range of indifference or tolerance Points-of-parity may even need to be the  focus of marketing communications as the points-of-difference may be a “given” 15
  • 16. Miller Lite Update Miller Lite had experienced flagging sales,  falling behind both Bud Lite and Coors Lite Management decides to create a powerful  new position … Reaffirm core duality and functional benefit of less filling  & great tasting Reinforce strong user imagery and emotional appeal as to  uncompromising character By addressing inherent product trade-offs  and linking performance & emotional equities … Sales rise 10% during 2004-2005  16
  • 17. Accenture Straddle Positioning Strategy Accenture is the company that combines:  Strategic insight, vision, and thought leadership  Information technology expertise in developing client  solutions This strategy permits:  Points-of parity with its two main competitors, McKinsey &  IBM While simultaneously achieving points-of-difference  17
  • 18. Accenture Strategy Straddle Positioning & Vision (WHAT they do) Technology & Execution
  • 19. Accenture Straddle Positioning McKinsey IBM Strategy POP POD & Vision Technology & POD POP Execution
  • 20. Accenture Proactive, Agile, Straddle Positioning & Passionate (HOW they do it) Approachable & Collaborative
  • 21. Accenture Straddle Positioning McKinsey IBM Proactive, Agile, POP POD & Passionate Approachable POD POP & Collaborative
  • 23. Communicating & Establishing POP’s & POD’s Create POP’s and POD’s in the face of  attribute & benefit trade-offs Price & quality  Convenience & quality  Taste & low calories  Efficacy & mildness  Power & safety  Ubiquity & prestige  Comprehensiveness (variety) & simplicity  Strength & refinement  23
  • 24. Strategies to Reconcile Attribute & Benefit Trade-Offs Design optimal product & services  Establish separate marketing  programs Leverage secondary association (e.g.,  co-brand) Re-define the relationship from  negative to positive 24
  • 25. Brand Mantras Short 3-to-5 word phrases that capture the  irrefutable essence or spirit of the brand. Brand mantra must clearly delineate what  the brand is supposed to represent and therefore, at least implicitly, what it is not Brand mantras typically are designed to  capture the brand’s points-of-difference, i.e., what is unique about the brand. 25
  • 26. Brand Mantra Examples Nike  “Authentic Athletic  Performance” Disney  “Fun Family  Entertainment” American Express  “Worldclass Service,  Personal Recognition” 26
  • 27. Brand Mantra Criteria Communicate  A good brand mantra should define the category (or  categories) of business for the brand and set the brand boundaries. It should also clarify what is unique about the brand. Simplify  An effective brand mantra should be memorable. As a  result, it should be short, crisp, and vivid in meaning. Inspire  Ideally, the brand mantra would also stake out ground that  is personally meaningful and relevant to as many employees as possible. 27
  • 28. Some Positioning Guidelines 1. A good positioning has … • A “foot in the present” & • A “foot in the future” 2. Evaluate POP & PODs according to: • Desirable (consumer) • Deliverable (company) • Differentiating (competition) 3. Identify crucial POP’s • Role play competitor’s positioning • Surface & resolve potential consumer trade-offs • Assess negative correlations & decision-making styles 4. Ensure duality • Rational (“Head”) • Emotional (“Heart”) 28
  • 29. 2. Brand Resonance Model Kevin Lane Keller (2001), “Building Customer-Based Brand  Equity: A Blueprint for Creating Strong Brands,” Marketing Management, July/August, 15-19. 29
  • 30. Create Brand Resonance with Customers Challenge is to ensure customers have  the right types of experiences to create the right brand knowledge Building a strong brand involves a series  of steps as part of a “branding ladder” A strong brand is also characterized by  a logically constructed set of brand “building blocks.” 30
  • 31. BRAND RESONANCE PYRAMID Branding Stages of Brand Building Blocks Objective at Development Each Stage RELATIONSHIPS: Intense, 4 What about you & me? Active Loyalty Resonance RESPONSE: Positive, 3 What about you? Accessible Judgments Feelings Reactions MEANING: Points-of-Parity 2 What are you? & Difference Performance Imagery Deep, Broad IDENTITY: 1 Brand Who are you? Salience Awareness
  • 32. Brand Resonance Pyramid Terminology Salience  Depth and breadth of brand awareness  Recognition and recall at purchase and consumption  Performance  What the brand does to meet customers' more functional needs.  Brand performance refers to the intrinsic properties of the brand in terms of  inherent product benefits. Imagery  How people think about a brand abstractly rather than what they  think the brand actually physically does. Brand imagery is thus more extrinsic properties of the brand.  Four important intangible dimensions are:  Type of user  Brand personality  History & heritage  Experiences  32
  • 33. Brand Resonance Pyramid Terminology Judgments  Customers overall brand evaluations  How customers combine performance and imagery  associations to form different kinds of brand opinions Feelings  Customers emotional responses and  reactions to the brand Can be mild or intense; positive or negative; or  experiential or enduring in nature. Can also relate to the social currency evoked by the  brand. 33
  • 34. Dimensions of Brand Feelings Brand feelings can be divided into two broad categories:  Experiential – immediate, short-lived during purchase/consumption  Enduring – private, possibly part of day-to-day life Brands should have one, or ideally both, types of feelings Experiential Feelings Enduring Feelings • Warm • Sense of Security (Inner-directed) Increasing • Fun • Social Approval (Outer-directed) level of intensity • Exciting • Self-Respect (Actualization) Self-Respect Higher level of values & Sense of Security Social Approval needs Inner-Directed Outer-Directed
  • 35. Brand Resonance Pyramid Terminology Resonance  The extent to which customers feel that  they are “in synch” with the brand Intensity or depth of the psychological bond that  customers have with the brand Level of activity engendered by this loyalty  Repeat purchase rates  The extent to which customers seek out brand information,  events, or other loyal customers Etc.  35
  • 36. Sub-Dimensions of Brand Resonance Pyramid RESONANCE LOYALTY ATTACHMENT COMMUNITY ENGAGEMENT FEELINGS WARMTH JUDGMENTS FUN QUALITY EXCITEMENT CREDIBILITY SECURITY CONSIDERATION SOCIAL APPROVAL SUPERIORITY SELF-RESPECT PERFORMANCE IMAGERY PRIMARY CHARACTERISTICS & USER PROFILES SECONDARY FEATURES PURCHASE & USAGE PRODUCT RELIABILITY, SITUATIONS DURABILITY & SERVICEABILITY PERSONALITY & SERVICE EFFECTIVENESS, VALUES EFFICIENCY, & EMPATHY HISTORY, HERITAGE, STYLE AND DESIGN & EXPERIENCES PRICE SALIENCE CATEGORY IDENTIFICATION NEEDS SATISFIED
  • 37. Brand Resonance Model: Brand Building Implications 1. Customers own brands 2. Don’t take shortcuts with brands 3. Brands should have a duality • Performance & imagery • Judgments & feelings 4. Brand should have a richness 5. Brand resonance provides important focus 37
  • 38. 3. Brand Value Chain Model Kevin Lane Keller and Don Lehmann (2003), “How Do  Brands Create Value,” Marketing Management, May/June, 26-31. 38
  • 39. Brand Value Chain Marketing Customer Market Shareholder VALUE Program Mindset Performance Value STAGES Investment - Price premiums - Product - Awareness - Stock price - Price elasticities - Communications - Associations - P/E ratio - Market share - Trade - Attitudes - Market capitalization - Expansion success - Employee - Attachment - Cost savings - Other - Activity - Profitability Program Investor Marketplace MULTIPLIERS Quality Sentiment Conditions - Relevance - Competitive reactions - Market dynamics - Distinctiveness - Channel support - Growth potential - Consistency - Customer size and profile - Risk profile - Cohesiveness - Brand contribution
  • 40. Conclusions Three helpful brand planning models are:  Competitive brand positioning model  Points-of-parity & points-of-difference  Brand resonance model  Six building blocks: Salience, Performance, Imagery,  Judgments, Feelings, & Resonance Brand Value Chain  Value stages & multipliers  These models can be used …  Qualitatively to guide & interpret possible marketing  actions Quantitatively to measure marketing effects  40