Brand management
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Transcript of Brand management
![Page 1: Brand management](https://reader037.fdocuments.us/reader037/viewer/2022100604/559a09a01a28ab7b2c8b478a/html5/thumbnails/1.jpg)
Brand Concept Management
![Page 2: Brand management](https://reader037.fdocuments.us/reader037/viewer/2022100604/559a09a01a28ab7b2c8b478a/html5/thumbnails/2.jpg)
Brand Benefits
• Functional - intrinsic advantage (Head & Shoulders eliminates my dandruff)
• Symbolic - extrinsic advantage - (H&S makes me beautiful) Badge brands fulfill needs for self esteem
• Experiential - usage imagery (H&S tingles when I lather it onto my scalp)
![Page 3: Brand management](https://reader037.fdocuments.us/reader037/viewer/2022100604/559a09a01a28ab7b2c8b478a/html5/thumbnails/3.jpg)
Stages of Positioning Strategies
• Introductory - helps consumers to understand brand image
• Elaboration - help consumers perceive brand’s increasing value
• Fortification - links brand image to image of other brand products in different product classes
![Page 4: Brand management](https://reader037.fdocuments.us/reader037/viewer/2022100604/559a09a01a28ab7b2c8b478a/html5/thumbnails/4.jpg)
Functional Benefit Concepts
Introduction Elaboration FortificationClorox bleach prob/solve soil/stain
strategy; remover;
cotton to synth new scents
Vaseline skin balm prob/solve health/beauty
strategy; products;
extend usage Intensive care
BabyWipes
![Page 5: Brand management](https://reader037.fdocuments.us/reader037/viewer/2022100604/559a09a01a28ab7b2c8b478a/html5/thumbnails/5.jpg)
Symbolic & Experiential Benefit Concepts
Introduction Elaboration Fortification
Symbolic ConceptsLenox china controlled mkt. Mix crystal, silverBrooks Bros. suit 26 stores, control shoes, cologne
Experiential ConceptsBarbie Doll Houses, outfits magazine, gamesLego Blocks magnifiers, large do-it-yourself
blocks furniture
![Page 6: Brand management](https://reader037.fdocuments.us/reader037/viewer/2022100604/559a09a01a28ab7b2c8b478a/html5/thumbnails/6.jpg)
Repositioning
• Establish more compelling POD and POP• Change target audience (Frosted Flakes)• Develop a new use (Baking soda)
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Equity Reinforced
Marketing actions must consistently convey the meaning of the brand to consumers in terms of what products the brand represents, core benefits supplied, needs satisfied and uniqueness.
Reinforcing strategy - enhance brand meaning and associations
Revitalizing strategy - recapture lost sources by expanding awareness and improving brand associations and image
![Page 8: Brand management](https://reader037.fdocuments.us/reader037/viewer/2022100604/559a09a01a28ab7b2c8b478a/html5/thumbnails/8.jpg)
Brand Portfolio Adjustments
• Migration strategies - acquire new consumers by making brand seem relevant to them personally
• “You are who you are become of where you were when” outlook
• Tactics - testimonial ads, line extensions, on line offerings, retail stores
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Predictors of Success
Brand Extension• Johnnie Walker Scotch upscale men’s apparel• Evian deodorant• Jockey fitted sheets• Volkswagen golf carts• Victoria’s Secret laundry detergent• Swiss Army frozen meals
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Questions
• How might Disney maintain brand equity in the film Bambi over the years?
• Which strategy, reinforce or revitalize, is most important for the Bambi brand?
• Would symbolic or experiential concepts be more suitable to the Bambi brand?