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BRAND MANAGEMENT


THE DRIVEN AND DRIVING WHEEL ANALYSIS



SUBMITTED BY

SIDDHANT JAIN
SIDDHANT_JAIN_IND@YAHOO.CO.IN
9595637843
Wheel of Experience

Brand Building comprises of two wheels-
   1. Driver Wheel
   2. Driven wheel

   Driven wheel consist of core product and its features.
   It is defined in four levels-
   a. Core Product/Services
   b. Formal Product
   c. Augmented Product
   d. Potential Product

   Core Product is made up of manufacturing cost and promotion and distribution cost.
   In FMCG, product comprises of 80% of sales value whereas sales impact comprises of 20 % of value.

   Formal Products are tangible benefits of the product like
   -Features
   -Brand Name
   -Quality
   -Packing
   -Style

   Augmented product comprises of facts and figures, images, services etc.
   It consist of features and benefits like-
   a. Services
   b. Training
c.   Maintenance
   d.   Presale/Post sale consultancy
   e.   Instructions
   f.   Software
   g.   Guarantees

Potential Products are those features and benefits which are in the form of aspiration, Lifestyle brand etc.
   a. Reliability
   b. Credibility
   c. Responsiveness
   d. Sensitivity
   e. Flexibility
   f. Name and Fame
   g. Financial Services
   h. Partnerships



Driver Wheel defines the promotional, advertising and distributional aspects attached with the product or service.
It comprises of –
    a. Presentation
    b. Demonstration
    c. Displays
    d. Public Relations
    e. Promotions
    f. Hoardings

   Both the wheels must be synchronized with each other and absence of either of them leads to the product failure. If product features is good
   but if it is not communicated properly then leads to confusion and ultimately to failure. While if product itself is not good and advertised
   heavily may lead to initial success but finally it will fail.
   New features must be added continuously to the wheel in order to keep the wheel rotating effectively. Whoever does it faster will be at the
   top.
Principles of building successful brands-
1. Quality product meeting / exceeding functional needs.
2. Attractive wrap around to differentiate and enhance appeal.
3. Delight customer with additional products/services to augment basic appeals
4. Trial is the origin of brand building process.
5. Trial should lead to repeat buy.
6. Advertising, selling, promotion, PR, hoardings etc trigger the mechanism of repeat buy.
7. They start the wheel of usage experience and keep it turning.
WHEEL OF EXPERIENCE AND DRIVING WHEEL
           BAJAJ PULSAR
LOYALTY                                        BRAND EQUITY




                                                                                                         DRIVEN WHEEL
                                                                                                                                                      DRIVING WHEEL
                                                       VERY ATTRACTIVE



                        RELIABLE
 AMBASSADORS                                      VARIANTS –
                                                  150/180/200/220/300 CC


                                                                                                 MUSCULAR                    TAG LINE: “DEFINITELY
                                                        STURDY LOOKS               GUARANTEE     IMAGE                       MALE”
                                            DTSi
                                            DTSFI Engine
                                                                         PRICING
                                                                                                                                                     BRAND
                                                                                                                         AROUSING
                                                                                                                                                     PROMOTIONS
               FINANCIAL                                HIGH POWER /                                                     ADVERTISING
                          SELF START       BRAND
               SERVICES –                               LOW FUEL
                                           “PULSAR “                        ALLOY
               LOANS
                                                                            WHEEL
                                                                                                                        TEST DRIVES        EXCHANGE SCHEMES


                              Disk Brake                        STYLING                                                                          HOARDINGS
                                                QUALITY                                                                          WORD OF
WORD OF                                                                                        GOOD                              MOUTH
MOUTH                                                                       STRONG
                                                                                               COMPANY
PUBLICITY                                                                   DISTRIBUTION
                                                                                               IMAGE
                                       LOW MAINTENANCE
                                                                                                                TRIAL




                                                           CREDIBILITY
                                                                                                  DIFFERENTIATION


                                                                          SATISFIED
                ADDED VALUES                                              CUSTOMER

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Driving And Driven Wheel

  • 1. BRAND MANAGEMENT THE DRIVEN AND DRIVING WHEEL ANALYSIS SUBMITTED BY SIDDHANT JAIN SIDDHANT_JAIN_IND@YAHOO.CO.IN 9595637843
  • 2. Wheel of Experience Brand Building comprises of two wheels- 1. Driver Wheel 2. Driven wheel Driven wheel consist of core product and its features. It is defined in four levels- a. Core Product/Services b. Formal Product c. Augmented Product d. Potential Product Core Product is made up of manufacturing cost and promotion and distribution cost. In FMCG, product comprises of 80% of sales value whereas sales impact comprises of 20 % of value. Formal Products are tangible benefits of the product like -Features -Brand Name -Quality -Packing -Style Augmented product comprises of facts and figures, images, services etc. It consist of features and benefits like- a. Services b. Training
  • 3. c. Maintenance d. Presale/Post sale consultancy e. Instructions f. Software g. Guarantees Potential Products are those features and benefits which are in the form of aspiration, Lifestyle brand etc. a. Reliability b. Credibility c. Responsiveness d. Sensitivity e. Flexibility f. Name and Fame g. Financial Services h. Partnerships Driver Wheel defines the promotional, advertising and distributional aspects attached with the product or service. It comprises of – a. Presentation b. Demonstration c. Displays d. Public Relations e. Promotions f. Hoardings Both the wheels must be synchronized with each other and absence of either of them leads to the product failure. If product features is good but if it is not communicated properly then leads to confusion and ultimately to failure. While if product itself is not good and advertised heavily may lead to initial success but finally it will fail. New features must be added continuously to the wheel in order to keep the wheel rotating effectively. Whoever does it faster will be at the top.
  • 4. Principles of building successful brands- 1. Quality product meeting / exceeding functional needs. 2. Attractive wrap around to differentiate and enhance appeal. 3. Delight customer with additional products/services to augment basic appeals 4. Trial is the origin of brand building process. 5. Trial should lead to repeat buy. 6. Advertising, selling, promotion, PR, hoardings etc trigger the mechanism of repeat buy. 7. They start the wheel of usage experience and keep it turning.
  • 5. WHEEL OF EXPERIENCE AND DRIVING WHEEL BAJAJ PULSAR
  • 6. LOYALTY BRAND EQUITY DRIVEN WHEEL DRIVING WHEEL VERY ATTRACTIVE RELIABLE AMBASSADORS VARIANTS – 150/180/200/220/300 CC MUSCULAR TAG LINE: “DEFINITELY STURDY LOOKS GUARANTEE IMAGE MALE” DTSi DTSFI Engine PRICING BRAND AROUSING PROMOTIONS FINANCIAL HIGH POWER / ADVERTISING SELF START BRAND SERVICES – LOW FUEL “PULSAR “ ALLOY LOANS WHEEL TEST DRIVES EXCHANGE SCHEMES Disk Brake STYLING HOARDINGS QUALITY WORD OF WORD OF GOOD MOUTH MOUTH STRONG COMPANY PUBLICITY DISTRIBUTION IMAGE LOW MAINTENANCE TRIAL CREDIBILITY DIFFERENTIATION SATISFIED ADDED VALUES CUSTOMER