Luxury customer journey: an overview of the new UHNW audience and how to use ...Diana Sherling
This is the session that I gave at the SuperYacht Luxury Marketing Conference #makeyourmark16. In this presentation I talk about the insights and attitudes of the UHNW luxury audience and how you can use the customer journey McKinsey loop as a tool to plan and refine your marketing. I am passionate about luxury marketing, so read my blog at www.dianasherling.com or have a look at my mini luxury brand that I am creating at www.lilyflojewellery.com
The document provides details about a project on valuing the Samsung brand using the Brand Asset Valuator (BAV) model. It lists the team members working on the project and provides Samsung's market share percentages across various product categories. It then discusses Samsung's differentiation strategies in key product lines like televisions, mobiles, home appliances, laptops/PCs, and cameras. It analyzes Samsung's relevance, esteem, and the knowledge consumers have about the brand. Finally, it describes what qualifies Samsung as a "power brand" and lists some of the strategies Samsung has used over the years to build the brand and increase awareness.
The document discusses brand positioning and measurement. It introduces three models for brand planning:
1) The brand positioning model helps guide integrated marketing to maximize competitive advantages.
2) The brand resonance model shows how to create intense, active loyalty relationships with customers.
3) The brand value chain model traces the value creation process to understand the financial impact of marketing investments.
The brand positioning model is then explained in more detail. It emphasizes defining a brand's essence, benefits to customers, and uniqueness compared to competitors. A strong positioning guides consistent marketing activities.
Bài giảng 02 và 03 trong chuỗi 11 bài giảng SmeBRAND do chuyên gia tư vấn chiến lược thương hiệu Đặng Thanh Vân trực tiếp soạn và huấn luyện.
Vì mục tiêu lan toả tri thức tới 100.000 doanh chủ, chuyên gia đã quyết định tặng toàn bộ khoá học này cho cộng đồng. Theo dõi kênh từ Thanhs để nhận được toàn bộ bài giảng.
The COVID-19 outbreak in Vietnam in 2021 caused significant challenges:
- Vietnam recorded its largest GDP decline in over 20 years in Q3 2021 due to strict lockdown measures.
- Unemployment rose while around 90,000 businesses suspended operations or went bankrupt in the first three quarters of 2021.
- Exports and industrial production declined in September.
- Consumer confidence in the economic situation remained lower than normal levels, though started improving in mid-September as restrictions began lifting.
1. The document provides an overview of course modules on brand fundamentals taught by Prof. Anand Narasimha. It outlines key learning objectives, pre-reading assignments, class topics and application exercises for each module.
2. The modules cover defining brands, analyzing what makes a brand, understanding brand impact on business, constructing benefit ladders, developing benefits maps, and differentiating brands.
3. Application exercises include analyzing brands using checklists, creating memes on brand myopia, developing benefit ladders and maps, and analyzing brand archetypes. Students will complete a brand strategy project and report card on a new product idea.
Luxury customer journey: an overview of the new UHNW audience and how to use ...Diana Sherling
This is the session that I gave at the SuperYacht Luxury Marketing Conference #makeyourmark16. In this presentation I talk about the insights and attitudes of the UHNW luxury audience and how you can use the customer journey McKinsey loop as a tool to plan and refine your marketing. I am passionate about luxury marketing, so read my blog at www.dianasherling.com or have a look at my mini luxury brand that I am creating at www.lilyflojewellery.com
The document provides details about a project on valuing the Samsung brand using the Brand Asset Valuator (BAV) model. It lists the team members working on the project and provides Samsung's market share percentages across various product categories. It then discusses Samsung's differentiation strategies in key product lines like televisions, mobiles, home appliances, laptops/PCs, and cameras. It analyzes Samsung's relevance, esteem, and the knowledge consumers have about the brand. Finally, it describes what qualifies Samsung as a "power brand" and lists some of the strategies Samsung has used over the years to build the brand and increase awareness.
The document discusses brand positioning and measurement. It introduces three models for brand planning:
1) The brand positioning model helps guide integrated marketing to maximize competitive advantages.
2) The brand resonance model shows how to create intense, active loyalty relationships with customers.
3) The brand value chain model traces the value creation process to understand the financial impact of marketing investments.
The brand positioning model is then explained in more detail. It emphasizes defining a brand's essence, benefits to customers, and uniqueness compared to competitors. A strong positioning guides consistent marketing activities.
Bài giảng 02 và 03 trong chuỗi 11 bài giảng SmeBRAND do chuyên gia tư vấn chiến lược thương hiệu Đặng Thanh Vân trực tiếp soạn và huấn luyện.
Vì mục tiêu lan toả tri thức tới 100.000 doanh chủ, chuyên gia đã quyết định tặng toàn bộ khoá học này cho cộng đồng. Theo dõi kênh từ Thanhs để nhận được toàn bộ bài giảng.
The COVID-19 outbreak in Vietnam in 2021 caused significant challenges:
- Vietnam recorded its largest GDP decline in over 20 years in Q3 2021 due to strict lockdown measures.
- Unemployment rose while around 90,000 businesses suspended operations or went bankrupt in the first three quarters of 2021.
- Exports and industrial production declined in September.
- Consumer confidence in the economic situation remained lower than normal levels, though started improving in mid-September as restrictions began lifting.
1. The document provides an overview of course modules on brand fundamentals taught by Prof. Anand Narasimha. It outlines key learning objectives, pre-reading assignments, class topics and application exercises for each module.
2. The modules cover defining brands, analyzing what makes a brand, understanding brand impact on business, constructing benefit ladders, developing benefits maps, and differentiating brands.
3. Application exercises include analyzing brands using checklists, creating memes on brand myopia, developing benefit ladders and maps, and analyzing brand archetypes. Students will complete a brand strategy project and report card on a new product idea.
-81% know and use Neptune. Sailing boat, Coroli and Knife are 3 brands having least recognition.
-89% has a room to change a brand.
-1L is the most popular size for all age groups
-39% do stir-fried cooking style everyday
-47% use the oil only once. 53% re-uses it
This document discusses sensory marketing and creating multisensorial experiences for consumers. It makes three main points:
1) Most brands only appeal to one or two senses like sight or sound, but don't explore other sensory stimuli.
2) There are many unexplored sensory stimuli across different senses like smell, touch, and sound that brands don't take advantage of.
3) Brands need to appeal to multiple senses simultaneously to create richer consumer experiences and drive greater perceived value and loyalty. It provides the example of Air France appealing to sight, sound, taste, and smell to enhance the flying experience. The conclusion is that marketers should make use of all the senses in their communications rather than focusing on just
This document discusses brand positioning and extended brand positioning. It begins by defining key elements of brand positioning including brand essence, brand key, target audience, benefits, competitive environment, reasons to believe, and brand positioning statement. Examples of brand positioning statements are provided for different brands like DWL, Sunsilk, and Asus. It then discusses how brands can extend their positioning by exploring new target audiences, benefits, competitive environments, or values while staying aligned with their brand essence. Both successful extensions like Nintendo Wii and failures like New Coke are examined. The document emphasizes that brand extensions should follow a brand's DNA and not dilute the existing positioning.
A brief look into brand identity and some of the models involved with its such as the brand identity prism. as well as examples of Nikes Identity prism and Jaguars identity prism.
A lot more info can be located on my website : https://digibowl.wordpress.com/2016/03/30/what-is-brand-identity-a-closer-look-at-the-brand-identity-prism/
Professor Keller is right now conducting various studies that deliver techniques to assemble, measure, and oversee brand value. Textbooks written by him on those subjects course reading on those subjects, Strategic Brand Management, has been embraced at top business schools and leading firms around the globe and has been proclaimed as the "Bible of Branding." Consolidating the most recent industry thinking and improvements, this investigation of brands, brand value, and strategic brand management combines a comprehensive theoretical foundation with numerous techniques and practical insights for making better day-to-day and long-term brand decisions–and thus improving the long-term profitability of specific brand strategies. In this slides, you will get the synopsis of brand management. For details, please read the main book.
The document discusses launching a successful online business through building an effective website. It provides details on OBO, a company that manufactures field hockey goalkeeper equipment. OBO uses its website to build an online community, sell products, and conduct research from its location in New Zealand. The website is successful at community building and provides feedback through forums and surveys. The document also outlines steps for starting an online business including creating a business plan, funding options, hosting a website, developing content, and promoting the site.
The document discusses brand mantras and core brand values. It defines a brand mantra as a short 3-5 word phrase that captures the essence of a brand's positioning and values. Examples given are Nike's "Authentic Athletic Performance" and Disney's "Fun Family Entertainment". A good brand mantra has three components: an emotional component, descriptive modifier, and brand function. Core brand values characterize the most important dimensions of a brand's mental map and relate to its points of parity and difference compared to other brands. The brand mantra and core values guide a brand's products, communication, and ensure continuity.
This document discusses the rise of omni-channel logistics due to changing consumer behavior. As internet and mobile device usage grows, consumers now research, purchase, pay for, collect, and return products through various interconnected channels. This requires companies to integrate their previously separate sales channels into a single seamless customer experience. Omni-channel logistics is key to enabling companies to consistently deliver personalized service, flexible fulfillment, cross-channel inventory visibility, and meet rising customer expectations. The document explores omni-channel best practices, implications for logistics, and trends in Asia to help companies adapt to this new reality.
The document discusses customer-based brand equity (CBBE) and its key components. It outlines an associative network memory model for how brand knowledge is formed in the mind. It then describes the dimensions that make up CBBE, including brand salience, performance, imagery, judgments, and feelings. It presents a CBBE pyramid model showing the relationships between these dimensions and how they contribute to brand resonance.
1. Customer-based brand equity refers to the differential effect that brand knowledge has on consumer responses to marketing of that brand.
2. There are three key aspects of brand equity: differential effect, brand knowledge, and consumer response to marketing.
3. Building strong brand equity requires increasing brand awareness and forging positive associations so that the brand is recognized and recalled by consumers.
This document discusses Apple's brand resonance and the brand resonance pyramid model. It analyzes how Apple achieves strong brand salience, meets consumer needs through its products, develops positive brand imagery, obtains high brand performance, creates strong judgments and feelings about its brand, and ultimately achieves high brand resonance through customer loyalty, attachment, community building, and engagement. The summary examines how Apple has built the most valuable brand in the world through strategically developing each level of the brand resonance pyramid.
Chapter 8 (developing a brand equity measurement and management system)Jawad Chaudhry
This document discusses developing a brand equity measurement and management system. It outlines the brand value chain framework which takes a broader perspective than just brand awareness, association, attitude, attachment and activity. The framework examines how marketing investments can create customer mindset changes, lead to market performance impacts, and ultimately shareholder value. It also discusses factors like program quality, marketplace conditions, and investor sentiment that can multiply this value creation at each stage. The document advocates designing brand tracking studies to routinely measure specific issues for a brand over time to provide descriptive and diagnostic information.
This document discusses digital marketing and marketing 4.0. It defines key concepts like digital convergence, digital media spaces, and the connected customer. It explains how marketing is shifting from traditional models to more collaborative approaches. Power is moving from companies to online communities. Customers are informed by social networks more than advertising. The future involves seamless online and offline experiences across the customer journey. Marketing 4.0 focuses on co-creation, dynamic pricing, communal activation, and conversation instead of the traditional 4Ps.
Class Slides_Brand Visioning & Architecture.pdfAnand1963
This document discusses brand visioning and architecture. It provides learning objectives around creating purpose-driven brands and models of brand architecture and extensions. It then discusses concepts like brand purpose, holistic branding, brand ideals using the "enemy-stand-mantra" construct, and the customer-based brand equity model. The document presents examples of different brand architectures and extension strategies. It also provides an example of developing a "master brand temple" to structure sub-brands under a common master brand.
The document discusses brand extensions and strategies for successful brand extensions. It provides examples of successful and unsuccessful brand extensions, such as Kingfisher beer/airlines as successful and Cadbury chocolate/Cadbury Schweppes as unsuccessful. It outlines the benefits and risks of brand extensions, including increasing revenue but potential for brand dilution. It also discusses different types of brand extensions and strategies companies use for extensions, like line, umbrella and dual branding. Finally, it provides a checklist for companies to consider when planning brand extensions.
The document discusses three drivers of customer equity: value equity, brand equity, and retention equity. Value equity is a customer's objective assessment of a brand based on perceptions of quality, price, and convenience. Brand equity is a customer's subjective assessment of a brand shaped by marketing. Retention equity is a customer's tendency to remain loyal to a brand based on relationship benefits for both the customer and firm. Various programs can influence these three drivers and build customer lifetime value over time.
Chapter 4 choosing brand elements to build brand equityAAddnan Chowdhury
Brand knowledge structures depend on initial brand element choices, marketing programs, and other associations. Brand elements should be memorable, meaningful, likable, transferable, adaptable, and protectable. Marketers use brand elements offensively to build equity and defensively to maintain equity. Key elements include names, URLs, logos, characters, slogans, jingles, and packaging. Elements must meet criteria like memorability and protectability.
The document discusses marketing strategies in the internet age. It defines e-business and e-commerce, noting that e-commerce specifically involves buying and selling online through activities like e-marketing and e-purchasing. The benefits of e-solutions are listed as convenience for buyers and relationship building, cost reduction, and efficiency for sellers. The domains of e-commerce are identified as B2C (business to consumer), B2B (business to business), C2C (consumer to consumer), and C2B (consumer to business). Methods of e-marketing are outlined, including email, webcasting, corporate websites, online advertising, web communities.
In Vietnam, food delivery service is booming with the participation of many players sharing the “pie” with estimated size around $33 mil., according to Euromonitor. This report will specify the current usage and reasons / obstacles using food delivery services in Vietnam, both from direct shop or portal (foody, vietnammm, etc.) delivery.
The survey was conducted to 615 respondents from 18-39, Ho Chi Minh and Ha Noi in June 2018.
GM2010 - Fast Retailing/Uniqlo: The next 10 yearstheresevx
Our strategy for the Japan-based group Fast Retailing and its core brand Uniqlo to become the world's largest apparel retailer.
A students' answer to a case study suggested by Professor Roy Larke (Rikkyo University, Tokyo, Japan).
Global Marketing - UNIQLO Case Study AnalysisJenny Lee
- Fast Retailing's UNIQLO brand aims to become the largest apparel retailer and achieve 2 trillion JPY in annual sales.
- UNIQLO has established a unique selling point of providing good quality, well-designed Japanese fast fashion for customers.
- To communicate this brand proposition, UNIQLO develops marketing strategies focused on price, place, product, and promotion such as using celebrities, interactive websites, social media, and TV ads to create a unique Japanese fashion experience.
-81% know and use Neptune. Sailing boat, Coroli and Knife are 3 brands having least recognition.
-89% has a room to change a brand.
-1L is the most popular size for all age groups
-39% do stir-fried cooking style everyday
-47% use the oil only once. 53% re-uses it
This document discusses sensory marketing and creating multisensorial experiences for consumers. It makes three main points:
1) Most brands only appeal to one or two senses like sight or sound, but don't explore other sensory stimuli.
2) There are many unexplored sensory stimuli across different senses like smell, touch, and sound that brands don't take advantage of.
3) Brands need to appeal to multiple senses simultaneously to create richer consumer experiences and drive greater perceived value and loyalty. It provides the example of Air France appealing to sight, sound, taste, and smell to enhance the flying experience. The conclusion is that marketers should make use of all the senses in their communications rather than focusing on just
This document discusses brand positioning and extended brand positioning. It begins by defining key elements of brand positioning including brand essence, brand key, target audience, benefits, competitive environment, reasons to believe, and brand positioning statement. Examples of brand positioning statements are provided for different brands like DWL, Sunsilk, and Asus. It then discusses how brands can extend their positioning by exploring new target audiences, benefits, competitive environments, or values while staying aligned with their brand essence. Both successful extensions like Nintendo Wii and failures like New Coke are examined. The document emphasizes that brand extensions should follow a brand's DNA and not dilute the existing positioning.
A brief look into brand identity and some of the models involved with its such as the brand identity prism. as well as examples of Nikes Identity prism and Jaguars identity prism.
A lot more info can be located on my website : https://digibowl.wordpress.com/2016/03/30/what-is-brand-identity-a-closer-look-at-the-brand-identity-prism/
Professor Keller is right now conducting various studies that deliver techniques to assemble, measure, and oversee brand value. Textbooks written by him on those subjects course reading on those subjects, Strategic Brand Management, has been embraced at top business schools and leading firms around the globe and has been proclaimed as the "Bible of Branding." Consolidating the most recent industry thinking and improvements, this investigation of brands, brand value, and strategic brand management combines a comprehensive theoretical foundation with numerous techniques and practical insights for making better day-to-day and long-term brand decisions–and thus improving the long-term profitability of specific brand strategies. In this slides, you will get the synopsis of brand management. For details, please read the main book.
The document discusses launching a successful online business through building an effective website. It provides details on OBO, a company that manufactures field hockey goalkeeper equipment. OBO uses its website to build an online community, sell products, and conduct research from its location in New Zealand. The website is successful at community building and provides feedback through forums and surveys. The document also outlines steps for starting an online business including creating a business plan, funding options, hosting a website, developing content, and promoting the site.
The document discusses brand mantras and core brand values. It defines a brand mantra as a short 3-5 word phrase that captures the essence of a brand's positioning and values. Examples given are Nike's "Authentic Athletic Performance" and Disney's "Fun Family Entertainment". A good brand mantra has three components: an emotional component, descriptive modifier, and brand function. Core brand values characterize the most important dimensions of a brand's mental map and relate to its points of parity and difference compared to other brands. The brand mantra and core values guide a brand's products, communication, and ensure continuity.
This document discusses the rise of omni-channel logistics due to changing consumer behavior. As internet and mobile device usage grows, consumers now research, purchase, pay for, collect, and return products through various interconnected channels. This requires companies to integrate their previously separate sales channels into a single seamless customer experience. Omni-channel logistics is key to enabling companies to consistently deliver personalized service, flexible fulfillment, cross-channel inventory visibility, and meet rising customer expectations. The document explores omni-channel best practices, implications for logistics, and trends in Asia to help companies adapt to this new reality.
The document discusses customer-based brand equity (CBBE) and its key components. It outlines an associative network memory model for how brand knowledge is formed in the mind. It then describes the dimensions that make up CBBE, including brand salience, performance, imagery, judgments, and feelings. It presents a CBBE pyramid model showing the relationships between these dimensions and how they contribute to brand resonance.
1. Customer-based brand equity refers to the differential effect that brand knowledge has on consumer responses to marketing of that brand.
2. There are three key aspects of brand equity: differential effect, brand knowledge, and consumer response to marketing.
3. Building strong brand equity requires increasing brand awareness and forging positive associations so that the brand is recognized and recalled by consumers.
This document discusses Apple's brand resonance and the brand resonance pyramid model. It analyzes how Apple achieves strong brand salience, meets consumer needs through its products, develops positive brand imagery, obtains high brand performance, creates strong judgments and feelings about its brand, and ultimately achieves high brand resonance through customer loyalty, attachment, community building, and engagement. The summary examines how Apple has built the most valuable brand in the world through strategically developing each level of the brand resonance pyramid.
Chapter 8 (developing a brand equity measurement and management system)Jawad Chaudhry
This document discusses developing a brand equity measurement and management system. It outlines the brand value chain framework which takes a broader perspective than just brand awareness, association, attitude, attachment and activity. The framework examines how marketing investments can create customer mindset changes, lead to market performance impacts, and ultimately shareholder value. It also discusses factors like program quality, marketplace conditions, and investor sentiment that can multiply this value creation at each stage. The document advocates designing brand tracking studies to routinely measure specific issues for a brand over time to provide descriptive and diagnostic information.
This document discusses digital marketing and marketing 4.0. It defines key concepts like digital convergence, digital media spaces, and the connected customer. It explains how marketing is shifting from traditional models to more collaborative approaches. Power is moving from companies to online communities. Customers are informed by social networks more than advertising. The future involves seamless online and offline experiences across the customer journey. Marketing 4.0 focuses on co-creation, dynamic pricing, communal activation, and conversation instead of the traditional 4Ps.
Class Slides_Brand Visioning & Architecture.pdfAnand1963
This document discusses brand visioning and architecture. It provides learning objectives around creating purpose-driven brands and models of brand architecture and extensions. It then discusses concepts like brand purpose, holistic branding, brand ideals using the "enemy-stand-mantra" construct, and the customer-based brand equity model. The document presents examples of different brand architectures and extension strategies. It also provides an example of developing a "master brand temple" to structure sub-brands under a common master brand.
The document discusses brand extensions and strategies for successful brand extensions. It provides examples of successful and unsuccessful brand extensions, such as Kingfisher beer/airlines as successful and Cadbury chocolate/Cadbury Schweppes as unsuccessful. It outlines the benefits and risks of brand extensions, including increasing revenue but potential for brand dilution. It also discusses different types of brand extensions and strategies companies use for extensions, like line, umbrella and dual branding. Finally, it provides a checklist for companies to consider when planning brand extensions.
The document discusses three drivers of customer equity: value equity, brand equity, and retention equity. Value equity is a customer's objective assessment of a brand based on perceptions of quality, price, and convenience. Brand equity is a customer's subjective assessment of a brand shaped by marketing. Retention equity is a customer's tendency to remain loyal to a brand based on relationship benefits for both the customer and firm. Various programs can influence these three drivers and build customer lifetime value over time.
Chapter 4 choosing brand elements to build brand equityAAddnan Chowdhury
Brand knowledge structures depend on initial brand element choices, marketing programs, and other associations. Brand elements should be memorable, meaningful, likable, transferable, adaptable, and protectable. Marketers use brand elements offensively to build equity and defensively to maintain equity. Key elements include names, URLs, logos, characters, slogans, jingles, and packaging. Elements must meet criteria like memorability and protectability.
The document discusses marketing strategies in the internet age. It defines e-business and e-commerce, noting that e-commerce specifically involves buying and selling online through activities like e-marketing and e-purchasing. The benefits of e-solutions are listed as convenience for buyers and relationship building, cost reduction, and efficiency for sellers. The domains of e-commerce are identified as B2C (business to consumer), B2B (business to business), C2C (consumer to consumer), and C2B (consumer to business). Methods of e-marketing are outlined, including email, webcasting, corporate websites, online advertising, web communities.
In Vietnam, food delivery service is booming with the participation of many players sharing the “pie” with estimated size around $33 mil., according to Euromonitor. This report will specify the current usage and reasons / obstacles using food delivery services in Vietnam, both from direct shop or portal (foody, vietnammm, etc.) delivery.
The survey was conducted to 615 respondents from 18-39, Ho Chi Minh and Ha Noi in June 2018.
GM2010 - Fast Retailing/Uniqlo: The next 10 yearstheresevx
Our strategy for the Japan-based group Fast Retailing and its core brand Uniqlo to become the world's largest apparel retailer.
A students' answer to a case study suggested by Professor Roy Larke (Rikkyo University, Tokyo, Japan).
Global Marketing - UNIQLO Case Study AnalysisJenny Lee
- Fast Retailing's UNIQLO brand aims to become the largest apparel retailer and achieve 2 trillion JPY in annual sales.
- UNIQLO has established a unique selling point of providing good quality, well-designed Japanese fast fashion for customers.
- To communicate this brand proposition, UNIQLO develops marketing strategies focused on price, place, product, and promotion such as using celebrities, interactive websites, social media, and TV ads to create a unique Japanese fashion experience.
What are customer value, satisfaction and loyalty and how can companies deliv...Sameer Mathur
Creating loyal customers is at the heart of every business. Customer perceived value is determined by total customer benefit divided by total customer cost. To build customer loyalty and satisfaction, companies must identify customer values, assess importance, monitor performance over time, and deliver high customer value. Satisfied customers result when expectations equal performance. Regular surveys and resolving complaints help companies monitor satisfaction levels.
Loyalty Leaders Tell All: Building Customer Intimacy Through Relevant Experie...Vivastream
This document summarizes a panel discussion on building customer loyalty through relevant experiences. The panelists include executives from Wyndham Hotel Group, FedEx, and eBay. Florence Ho of Wyndham discusses their Wyndham Rewards program with 8 million members that allows earning rewards at 14 hotel brands. Jeff Maddock of FedEx outlines their Game Time loyalty program launched in 2001 to engage business customers through NFL sponsorships, using data to personalize offers. The program saw a 12:2 return on engagement and increased spending among registrants. The panel was moderated by Bryan Pearson on building customer intimacy.
Keynote: "Back to the Future: Building Customer Loyalty in the Digital Age"iMedia Connection
This document contains lists of various animals, companies, and organizations. It lists different types of animals, major companies from various industries like oil, automotive, retail, and banking, as well as some charitable organizations. There are no other words, descriptions or connections provided between the listed items.
This document discusses seven factors that can build extreme customer loyalty: 1) Emotional Dependence, 2) Structural Dependence, 3) Business Dependence, 4) Satisfaction, 5) Performance, 6) Economic Value Proposition, and 7) Alignment and Fit. It provides examples for each factor and suggestions on how organizations can create dependence and loyalty for customers in relation to each factor. The document is published by Profiles International and authored by experts in customer loyalty.
The document discusses building customer loyalty by focusing on trust, connection, and purpose. It suggests that satisfaction does not equal loyalty and outlines four types of customers: loyal, predisposed, transactional, and hostile. It emphasizes establishing trust through competency, integrity, consistency and capacity. It stresses building connection by remembering, knowing, including, and aligning with customers. It also highlights the importance of communicating a company's why, who, and promise to customers in order to build loyalty. The document advocates exceeding both customer and employee expectations to create loyalty.
Katy Raines discusses building customer loyalty and value for arts organizations. She outlines three key concepts for building loyalty: frequency of attendance, customer retention rates, and customer segmentation. Arts organizations that implement targeted communications approaches based on these concepts see increased returns. The Lowry arts center in Manchester implemented segmentation based on frequency, recency, and artform interests, creating tailored communications for each group. This doubled their return on investment. The Ulster Orchestra in Belfast cut costs in half while tripling income through a new loyalty-building model.
Ten principles for designing an effective customer reward programMarinet Ltd
This document provides 10 principles for designing an effective customer reward program. It summarizes that reward programs are meant to create loyalty but have proliferated with little evidence they build loyalty. It recommends identifying effective program components and offering principles for hospitality managers to design more effective programs. Key points include genuinely rewarding guests, differentiating programs from competitors, and reevaluating tier requirements for continued participation. The principles aim to help managers lead conversations on improving programs.
Deck on the Impact on Customer Loyalty of the challenging economic, regulatory and technology environments 2009 – 2010. Publically available data were reviewed and extrapolations were made where necessary.
1) The document discusses how loyalty programs are evolving from purely transactional rewards programs to programs focused on building emotional connections with customers through shared values and causes.
2) It provides examples of how Patagonia and Walgreens have built loyalty by openly supporting environmental causes and partnering with health/fitness apps to reward customer wellness.
3) The key recommendation is for brands to identify their values, make them known publicly, and leverage loyalty programs to engage customers in learning about and supporting those same values and causes through special offers, content, and community involvement.
The document provides 4 steps to build customer loyalty:
1. Build employee loyalty as happy employees provide better customer service.
2. When mistakes happen, fix them and earn customer trust to build loyalty.
3. Build an online community or "tribe" through mobile apps to foster connections between customers.
4. Implement a mobile loyalty program to track customer behavior, communicate offers, and increase engagement through a more convenient digital platform compared to paper loyalty cards.
The document discusses loyalty programs and their role in marketing. It notes that loyalty programs are an important lever for developing one-to-one customer relationships and accelerating value from other marketing channels. However, executing effective loyalty programs can be challenging, as companies often fall victim to pitfalls like targeting the wrong customers, failing to innovate their programs over time, and not fully leveraging customer data. The document examines best practices for loyalty program design, implementation, and ongoing optimization through a customer-centric lens.
UNIQLO is a Japanese clothing brand known for affordable, high-quality basics. The document discusses UNIQLO's business model and strategies, including its focus on developing exceptional quality products based on customer feedback. It also examines UNIQLO's expansion internationally, competitive situation in Malaysia, and notable projects around brand ambassadors and sustainability initiatives.
Uniqlo is expanding into Toronto and plans to open its first Canadian flagship store at Yonge and Dundas Square. The company will target men and women aged 18-34 who are professionals or pursuing post-secondary education. Uniqlo will highlight its strategy of high quality, low price apparel through advertisements and the introduction of a $150 HEATTECH parka jacket. The goal is to gain 1% market share in Canada by 2022.
This document summarizes key points from a book about building customer loyalty. Chapter 1 discusses why customer loyalty is important for businesses today, noting that loyal customers are worth more and it is more expensive to acquire new customers than retain existing ones. It also outlines rewards for providing great customer service like increased spending and penalties for poor service like lost customers. Chapter 2 explains that shared values are more important than engagement for building brand loyalty, and that customers are loyal to beliefs and causes rather than just businesses. It provides examples of brands that have cultivated loyalty by taking strong stances on issues.
How to launch a customer loyalty program that boosts your bottom lineDarren DeMatas, MBA
The document discusses reasons for businesses to implement customer loyalty programs and tips for launching a loyalty program. It notes that there are over 3 billion loyalty program memberships in the US, with more than 71% of households earning $100,000 or more enrolled in a program. Successful loyalty programs are focused on customer engagement and retention rather than just transaction-based rewards, and increasing customer retention rates by 5% can increase profits by 95%. The document provides examples of different types of loyalty programs and gives 11 tips for launching a simple, easy-to-use program focused on customer needs rather than corporate goals.
LT7058 Events Marketing lecture Week 9 Thomas Lunt
- The document discusses branding and brand experiences in the context of events marketing. It covers definitions of branding, the components of an effective brand, and how experiential marketing can help deliver memorable brand experiences. Key aspects covered include developing a brand strategy, creating brand personality and emotional connections, and integrating experiential strategies like service, theatre, games and interactive technology. The importance of measurement and using brand ambassadors is also highlighted.
This document summarizes key concepts about branding on the web from a lecture. It defines branding and discusses the importance of developing brand identity, equity, and uniformity online. It notes challenges like protecting brands from misuse as information spreads quickly online. The document outlines best practices for building successful brands, including choosing brand elements, developing a brand strategy in steps, and maintaining consistency. It emphasizes the importance of differentiation, relevance and perceived value in online branding.
This document summarizes the key points from a presentation on branding. It discusses how to transform relationships from casual friends to close connections through strong branding. It defines branding as the process of creating a unique name and image to differentiate a product. It also outlines steps for building a strong brand through relevance, consistency and being distinctive. The document emphasizes understanding customer needs and pain points to improve products and deliver customer value. It recommends conducting a brand audit to evaluate marketing plans and branding strategies.
1. Customer-based brand equity refers to the differential effect that brand knowledge has on consumer response to the marketing of that brand.
2. There are three key ingredients to brand equity: differential effect, brand knowledge, and consumer response to marketing.
3. Strong brand equity is created by ensuring brand identification, establishing brand meaning, and eliciting proper consumer responses and loyalty.
The document discusses social commerce and how brands can engage customers on social media. It identifies two types of brand engagement: thick engagement which is sustainable, meaningful and authentic; and thin engagement. It then lists four reasons customers care about social media - social recognition, belonging to a group, developing their identity, and learning and creating. The document suggests that brands build engagement by addressing these customer motivations and by removing effort from key interactions, keeping purchase paths short from social interactions. It provides examples from Burberry and The Conran Shop of building engagement.
A logo represents a brand and therefore careful thought should be devoted to how it is constructed. It should visually represent the essence of a brand. Be cautious not to replicate well known designs as a logo represents the uniqueness of what your business or brand has to offer.
Brand Management - 5 Steps to Effectively Leverage Your BrandOur Kids Media
The document discusses the importance of brands and provides strategies for leveraging a brand. It defines a brand as the expectations, memories, stories and relationships that influence consumer decisions. It also outlines 5 steps to leverage a brand: define it, depict it visually, deliver it internally and to partners, disseminate it through marketing, and develop a community around the brand. The document encourages defining the brand, ensuring all visual elements communicate it, training staff and partners, marketing the brand consistently across all touchpoints, and engaging customers to develop emotional connections and loyalty over time.
The document discusses various aspects of branding such as definitions of a brand, brand positioning, brand name selection, brand sponsorship, brand development strategies like line extensions and brand extensions, challenges in branding, importance of packaging, labeling, and universal product codes. It provides examples of well-known brands and analyzes their branding strategies. The key points covered are creating emotional value for customers, building relationships and loyalty, using brands to project aspirational lifestyles and values to command premium prices.
This document discusses key concepts related to branding, including definitions of brands, brand equity, and brand loyalty. It explains that brands add emotion and trust to products, helping create consumer relationships and branded lifestyles. This allows brands to charge premium prices. The document also covers brand positioning, name selection, sponsorship through manufacturer brands, licensed brands, and co-branding. It discusses strategies for brand development, such as line extensions, brand extensions, multibrands, and new brands. Brand rejuvenation is described as a way to enhance brand appeal and refocus consumer attention on existing brands.
I’m a design craftsman with a marketing background working at an Agile shop. I’ve observed that, in agile software development, the full benefits of branding are often not considered and sometimes even ignored. From my experience as a designer in an agile world, I can assure you brands can and do actually impact product development.
During the talk, I share three real-world product stories that illustrate how agile development works with brand. You’ll see how I applied brands through iterating, listening to customers, working with business people, attention to good design, reflection, simplicity and embracing changing requirements.
A company’s brand — and how that brand is applied — is the differentiating factor in products. As developers, designers, and product managers, let’s work together to make the most of it in our applications.
Building Your Brand - North Sydney August 2017samantha singer
This document discusses how to build and strengthen a brand. It defines what a brand is and discusses the key pillars of brand equity - brand awareness, brand loyalty, and brand understanding. It also covers brand identity, brand positioning, and five ways to strengthen a brand: know thyself, check brand values, consider images and messaging, target messaging, and use testimonials. The overall document provides an overview of important brand concepts and strategies for developing a strong brand.
The document provides an overview of branding concepts and best practices. It discusses what brands are, key elements of brands like visual and verbal identity, brand positioning, architecture, experience, valuation, protection and management. It also covers topics like services branding, corporate branding, guidelines for good brand management, what makes brands great/lose their way, brand-building skills, and integrating brand communication. Globalization opportunities for brands and branding places/nations are also summarized.
A quick study of the basics and importance of strategic brand development. By Fanen Acho, Headstart Consultimg Limited. Headstart is a strategy and innovation company
Brand resonance is the level of connection between a brand and its customers. It is measured through six building blocks: brand salience, performance, imagery, judgments, feelings, and resonance. Developing brand resonance requires creating brand awareness and associations through communication over time to build rational and emotional connections with customers. This leads to customer loyalty, attachment, sense of community, and active engagement with the brand.
The document outlines the agenda for a branding workshop for advertisers. It discusses (1) understanding the difference between products and brands, (2) different types of brands, and (3) what separates the best brands from the rest. The workshop covers how to translate consumer insights into brand ideas and the importance of 24 hour planning to connect well with consumers. It emphasizes that great brands tell compelling stories that connect with consumers on a deep emotional level by demonstrating an understanding of their lives.
A brand is like a positive prejudice people have towards your product or organization. It helps your business build preference, loyalty and recommendation. But a brand is also a management tool, helping your organization to speak with one voice across the many touchpoints. And finally, a brand is the purpose that unites your employees around a common cause beneficial for customers. This presentation shows what what is needed to become a great brand, create a solid brand strategy, and a branded customer experience.
Presented for the Rocklin Chamber of Commerce as part of their Business Excellence Series. This presentation focused on:
- What branding is
- Steps in Creating Your Brand
- Brand Marketing Strategies
- Online Brand Management
- Offline Brand Management
This document discusses key elements of corporate branding including brand identity, values, cues, personality, and touchpoints. It defines these concepts and provides examples. Specifically, it explains that brand identity encompasses visual, product, service, and new media elements that customers recognize as belonging to a company. Values and personality shape customer expectations and loyalty. Touchpoints across the pre-purchase, purchase, and post-purchase phases help deliver the brand promise. The document distinguishes between corporate brands that represent an entire company and distributor brands owned by a private store.
This document provides a summary of key concepts related to branding. It defines a brand as a "name, logo, or symbol that evokes in customers a perception of added value for which they will pay a premium price." Branding is a combined effort between a company, its brand, and consumers. Brands add emotion and trust to differentiate products and services, build consumer loyalty and relationships, create aspirational lifestyles, and allow companies to charge premium prices. Key elements of strong brands include brand recognition, preference, insistence, awareness, and associations.
This document provides an overview of a branding course, including session topics, assigned readings, and course objectives. Some key points:
- The course covers topics like creating brand value, brand positioning, building brand equity, and brand research methods.
- Sessions explore strategic brand management processes and frameworks, including customer-based brand equity and Keller's brand resonance pyramid.
- Brand designing is distinguished from brand building, and the document outlines factors that go into creating a brand's identity and visualizing it, like logo, colors, and language.
- Brand positioning and repositioning are discussed in the context of points of parity, points of difference, and ensuring differences are relevant, distinctive, credible and communicable
Similar to Branding Building Customer Loyalty (20)
We provide turnkey packages and create high-quality apps for you at an affordable price and provide you with the complete mobile solution necessary to take your business to the next level. Your app will be fully customized to match your brand, with features that will make your app relevant, engaging, and valuable so your customers will come back to your app again and again.
We provide affordable turnkey packages for small and medium size businesses to jump-start into the mobile wagon. We create high-quality apps for you at an affordable price and provide you with the complete mobile solution necessary to take your business to the next level.
Your app will be fully customized to match your brand, with features that will make your app relevant, engaging, and valuable so your customers will come back to your app again and again.
Hard truths to keep your business going after starting upTimothy Chan
The document discusses some hard truths for keeping a business going according to Timothy Chan, operations director at First Media Design School. It notes that there are no truly great ideas, only better solutions; starting a business is a marathon, not a sprint; getting customers right is the one thing that leads to 99% of success; it's important to get the right people on the bus and in the right seats through hard work and strategic planning; and that true success is a state of mind achieved through listening to customers rather than consultants.
This document provides an overview of design management and the roles of managers in designing work systems. It discusses the four functions of a manager, how managers can design the organization structure, standard operating procedures and processes, job roles and responsibilities, and performance management systems. The document presents different organization structures like functional, divisional, and matrix structures. It emphasizes that managers are responsible for organizing work through tools like organization charts, setting policies and procedures, defining job scopes, and establishing SMART goals and key performance indicators to measure employee performance.
A Code of Ethics is an attempt to define basic rules, or principles for determining what constitutes "good" or "right" behaviour for the professional designer.
Building Sustainable Corporate CultureTimothy Chan
This document discusses corporate culture and how to build a sustainable culture. It defines culture as the behaviors and beliefs characteristic of a social or ethnic group. Corporate culture is the way people behave and express values at work. Having a strong, adaptive culture is important for performance, creativity, and strategic branding. Building a sustainable corporate culture involves management decisions, consistent actions by founders, selective hiring, effective communication to staff, and introducing consistent rewards.
This document provides an overview of motivation theories and how they can be applied in practice. It discusses:
1) The three components of motivation - activation, persistence, and intensity.
2) Maslow's hierarchy of needs theory and how managers should consider employees' different needs.
3) Herzberg's two-factor theory about hygiene and motivation factors.
4) Vroom's expectancy theory about how motivation depends on believing efforts will lead to performance and rewards.
5) Intrinsic versus extrinsic motivation in self-determination theory.
The document emphasizes linking rewards to performance, setting achievable goals, and addressing both intrinsic and extrinsic motivation to effectively motivate employees.
This document discusses business model design and introduces the Business Model Canvas as a tool. It explains that the Canvas breaks a business model down into 9 building blocks: key partners, key activities, key resources, value propositions, customer relationships, channels, customer segments, cost structure, and revenue streams. An example of the iPod/iTunes business model is provided. The document concludes by assigning students the task of designing their own business model relating to a project using the Business Model Canvas.
Business Plan Template (Design Thinking Structure) Timothy Chan
This business plan template is structured based on the Multi-Dimensional Thinking (MDT) process. The MDT is a design thinking process conceived by Mark Phooi, CEO of First Media Design School.
A good business idea solves an existing problem for many people, is scalable to grow, and is profitable. Rather than focusing on uniqueness, the business should provide unique value by meeting ignored needs through either a traditional business model with a twist, or innovations that improve existing products and services. Successful businesses like eHarmony, HotOrNot, and 99Designs found ways to meet dating, social, and design needs in new ways.
Corporate Social Responsibility (CS) is not about charity nor about social business. CSR is strategic business decisions and is about making good business decisions. This lesson explore what is CSR, reason why companies should practice CSR and the 6 core areas of CSR in practice.
This document discusses maximizing brand value through branding strategies and execution. It covers brand value, what makes a strong brand, and the process of maximizing brand value, which includes conducting a brand audit, developing a brand strategy, and executing the strategy through branding elements and management over time. The goal is to understand the current brand, identify strengths and weaknesses, and develop an optimal strategy and plan to strengthen the brand and grow its value.
The document summarizes a presentation by Timothy Chan on the changing roles of designers from designers to designpreneurs. The presentation discusses how design thinking is shifting designer's roles from a focus on aesthetics to problem solving. It also explores how designers need to take a whole brain approach, utilizing both analytical and creative skills, to become designpreneurs that can manage brands and businesses. The presentation aims to nurture future designpreneurs by teaching multi-disciplinary, dimensional and functional skills.
We are right, we are left, we are whole brain Designpreneurs Timothy Chan
Tim Chan discusses the changing role of designers over time and into the future. He outlines 3 key points: 1) How designers will compete for projects in a marketplace with increased competition. 2) The changing roles designers will take on, such as more strategic and managerial positions. 3) How designers can create wealth through their work. Chan advocates for an approach to design education that cultivates multi-dimensional thinking skills and prepares students for conceptual work.
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The Role of White Label Bookkeeping Services in Supporting the Growth and Sca...YourLegal Accounting
Effective financial management is important for expansion and scalability in the ever-changing US business environment. White Label Bookkeeping services is an innovative solution that is becoming more and more popular among businesses. These services provide a special method for managing financial duties effectively, freeing up companies to concentrate on their main operations and growth plans. We’ll look at how White Label Bookkeeping can help US firms expand and develop in this blog.
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
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Enhancing Adoption of AI in Agri-food: IntroductionCor Verdouw
Introduction to the Panel on: Pathways and Challenges: AI-Driven Technology in Agri-Food, AI4Food, University of Guelph
“Enhancing Adoption of AI in Agri-food: a Path Forward”, 18 June 2024
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani case
Time and again, the business group has taken up new business ventures, each of which has allowed it to expand its horizons further and reach new heights. Even amidst the Adani CBI Investigation, the firm has always focused on improving its cement business.
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Prescriptive analytics BA4206 Anna University PPTFreelance
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The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
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The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
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6. What is Brand Loyalty?
1.) Tried your products/services
(Induced to try via A&P)
2.) Like your products/services
(Moments of truth – their experiences)
3.) Think of You first
(Repeat customers, repeat purchases)
4.) Recommend their friends
(Brand ambassador – word of mouth)
I don’t know your brand
23. • CHINATOWN POINT STORE
• PLAZA SINGAPURA STORE
• BUGIS+ STORE
• PARKWAY PARADE STORE
• CAUSEWAY POINT STORE
• VIVOCITY STORE
• 313@SOMERSET STORE
• ION ORCHARD STORE
• TAMPINES 1 STORE
Strategic and Convenient