Brandon
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A name, term, sign, symbol or design, or a combination.
Identifies the goods or services of a seller.
Differentiates them from competitors.
What is a Brand?
Apple is a Strong Brand
The 10 Most Valuable Brands
Brand 2006 Brand Value (Billions)
Coca-Cola $67.00
Microsoft $56.93
IBM $56.20
GE $48.91
Intel $38.32
Nokia $30.13
Toyota $27.94
Disney $27.85
McDonald’s $27.50
Mercedes-Benz $22.13
Identify the maker
Simplify product handling
Organize accounting
Offer legal protection
The Eight Roles of a Brand
Signal quality
Secure Price Premium
Create Barriers to Entry
Create Competitive Advantage
The Eight Roles of a Brand
Branding is endowing products and services with the power of the brand.
Brand equity is the added value endowed on products and services, which may be reflected in the way
consumers, think, feel, and act with respect to the brand.
http://images.businessweek.com/ss/09/09/0917_global_brands/index.htm?technology+slideshows
Excels at delivering anticipated benefits
Communicates consistent brand messages
Priced to meet perceptions of value
Positioned optimally
Four Attributes of Strong Brands
Improved Perceptions of Quality
Greater Loyalty
Less Vulnerability to Competitive Actions
Less Vulnerability to Crises
Eight Advantages of Strong Brands
Larger Margins
More inelastic consumer response
Increased IMC effectiveness
Potential Licensing opportunities
Eight Advantages of Strong Brands
• Brand names• Slogans• Characters• Symbols• Logos• URLs
Brand Elements
Brand Element Choice Criteria
• Memorable• Meaningful• Likeability
• Transferable• Adaptable• Protectible
Your home away from home
Just do it Nothing runs like a Deere Save 15% or more in 15
minutes or less Para kang nakasandal sa
pader We find ways. Finger licking good.
We try harder We’ll pick you up I’m lovin’ it Innovation at work This Bud’s for you Always low prices Masarap to! Langhap Sarap! We connect people. We move people safer
Slogans
Brand Equity Concept
You can see that when a commodity becomes a brand, it is said to have
equity. Brand equity is the premium a brand can
command in the market or the difference between the
perceived value and the intrinsic value.
Brand equity can be thought of as the "added
value" endowed to a product in the thoughts,
words, and actions of consumers. There are
many different ways that this added value can be
created for a brand.
Therefore, it is important that Brand Equity should
be nourished and replenished.
Brand Equity Concept
Companies must take care of its brands so that the
brand equity is not diluted or dissipated.
A few examples of products with excellent
brand equity include Google, Nike and
Starbucks.
Let us now look at the process of building brands.