Here are the key points about the evolution of branding:
- The earliest branding examples date back to the 1880s when logos began appearing on packaged food products. Branding initially involved catchphrases or images attached to products.
- It wasn't until the late 1940s that organizations began describing their business and function through advertising rather than just products. This is when the term "brand identity" became mainstream in corporate language.
- Branding really took off in the 1980s following a recession. Production could now be moved overseas more cheaply. Manufacturing processes were replaced by developing the brand essence as the core business strategy.
- In the 1990s, big brands favored cutting prices over spending on advertising due to the market