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Branding in Management
By Abhishek Pachal, Roll
45
What is brand?
 “A name, term, sign, symbol, or design or a
combination of these, intended to identify the
goods or services of one seller or group of
sellers and to differentiate them from the
competition”
Types of brands
 There are many types of brands like
 Individual Brands
 Service brands
 Organization Brands
 Personal Brands
 Group Brands
 Event brands
 Geographic Place Brands
 Private Level Brands
 Media Brands
 E-brands
Individual Branding
Family Branding
Criteria for selection of a good
brand name
 Is easy to pronounce
 Is easy to Recognize & Remember
 Is short, distinctive & Unique
 Describe the product use & Benefits
 Has a positive Connection
 Reinforces Product Images
 Is Legally Protectable
Advantage and Disadvantage of
Branding
 Advantages
 Penetrate a new
category under an
established brand
name
 Preexisting loyal
customers that could
be interested in trying
a new product from a
loved brand.
 Boosts brand images
 Less costs involved in
marketing efforts
 Disadvantages
 Risk of over extending
brand in an unrelated
market
 A new product could
negatively impact
brand
 The failure rate is high
 Not satisfying
customer needs with
new product leading
low sale volume
Brand

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Brand

  • 1. Branding in Management By Abhishek Pachal, Roll 45
  • 2. What is brand?  “A name, term, sign, symbol, or design or a combination of these, intended to identify the goods or services of one seller or group of sellers and to differentiate them from the competition”
  • 3. Types of brands  There are many types of brands like  Individual Brands  Service brands  Organization Brands  Personal Brands  Group Brands  Event brands  Geographic Place Brands  Private Level Brands  Media Brands  E-brands
  • 6. Criteria for selection of a good brand name  Is easy to pronounce  Is easy to Recognize & Remember  Is short, distinctive & Unique  Describe the product use & Benefits  Has a positive Connection  Reinforces Product Images  Is Legally Protectable
  • 7. Advantage and Disadvantage of Branding  Advantages  Penetrate a new category under an established brand name  Preexisting loyal customers that could be interested in trying a new product from a loved brand.  Boosts brand images  Less costs involved in marketing efforts  Disadvantages  Risk of over extending brand in an unrelated market  A new product could negatively impact brand  The failure rate is high  Not satisfying customer needs with new product leading low sale volume