Brands -Meaning & types
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Transcript of Brands -Meaning & types
8/10/2019 Brands -Meaning & types
http://slidepdf.com/reader/full/brands-meaning-types 1/18
BRANDS
By Anuradha Gaikwad
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BRAND NAME & LOGO
Face of brand – word, letter, group of words
or letters that can be vocalised.
Logo – unique to the product
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A LEGAL INSTRUMENT
A trademark is legal version of a brand.
Can be registered & protected from being
used by others.
AMA defines TRADEMARK – A brand that is
given legal protection. (usually represented
by symbol -
Brand can be called trademark only when it
is legally protected.
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ADVANTAGES OF BRANDING
Clarifies your position in the marketplace and ensuressustainability
Validates your organization‟s mission, core values and
strategic priorities
Builds brand loyalty and enthusiasm among your constituents Creates a work environment that attracts and retains top talent
Connects your organization with the partners and constituents
who will benefit the most
Operationalizes your strategic plan Delivers on your brand promise
Aligns your organization‟s internal culture with your external
reputation, and aligns your organization‟s verbal identity with
your visual identity
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DISADVANTAGES OF BRANDING
Branding is expensive, and adds costs whichmust „be borne by the consumer or by the donor. i.e.value of Coca Cola is largely the value of the brand.
Branding requires long term support, and donors will
not be willing to sustain support. If social concerns start competing with commercial „
firms in marketing they ‟ unlevel‟, „the playing fieldbecause they are playing with donor money.
If social products knock commercial firms out of „themarket, what happens when the donor support endsand revenues are not sufficient to maintain theproduct in the marketplace?
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DIFFERENT TYPES OF BRANDS
Product Brands Service Brands
E-brands
Media Brands
Not-for-profit Brands
Nation Brands
Government Brands
Global Brands Organization Brands
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PRODUCT BRANDS: FMCG
Characteristics:
Cost Inexpensive.
Balance of product to service
Almost exclusively tangible product, althoughservice component can be present (eg,customer-care lines).
How purchased
Mainly through conventional fmcg distributionnetworks – supermarkets, other shops,vending machines, relatively large volumeoutlets.
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PRODUCT BRANDS (FMCG: CONT.)
Frequency of purchase : Frequent.
Degree of research/thought/search prior topurchase
Typically none, the brand is part of the consumerrepertoire, likely to be habitual.
Degree of customisation
Very little. Often wide range of variants but no realcustomisation for individual customers.
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PRODUCT BRANDS BIG TICKET ITEMS)
Characteristics:
Cost Expensive.
Balance of product to service
Service is likely to take on a more
important role, before, during and afterpurchase.
ROLEX
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PRODUCT BRANDS BIG TICKET ITEMS)
How purchased
Traditionally through specialised outlets
(luxury = high status outlets) but increasingly more widelydistributed. Frequency of purchase Infrequent.
Degree of research on purchase
A great deal of thought, research and comparisongoes into the decision, although with luxury goods,investment is more
emotional than financial.
Degree of customization Can be considerable.
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SERVICE BRANDS
Service brands are characterized by the need tomaintain a consistently high level o service delivery throughout hundreds, or even thousands of staff .
Although a product component may be involved, it isessentially the service that is the brand.
These are more complex than product brands for tworeasons:
because it is always harder to brand something you
can‟t touch
because they are delivered directly by employees.
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SERVICE BRANDS
Characteristics:
Intangibility
Service brands can seldom be tried out in advance,
which requires the establishment of a greater degree oftrust.
Inseparability of production and consumption
Services cannot generally be stockpiled in advance but
are produced and consumed in real time.
Inconsistency
Since humans are usually instrumental in delivering
services.
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DIFFERENT CATEGORIES OF
SERVICE BRANDS:
Classic service brands eg, airlines, hotels, car rentals and banks.
Pure service providers eg, member associations
Professional Service Brands
eg, advisors of all kinds – accountancy, management consultancy.
Agents eg, travel agents and estate agents.
(This category of a brand has become endangered by the rise of theInternet.)
Retail brands
eg, supermarkets, fashion stores and restaurants.
Retail Brands are complex and multifaceted.
Consumers have a much more involved and interactive experience
with retail brands. The meanings of retail brands are more heavily
derived from consumer‟s direct experience rather than fromadvertising.
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BRANDS FROM OTHER SPHERES
E-brands
The Internet is a medium that presents new challenges for brandowners, but the underlying principles of branding are unchanged.
The Internet is developing a more direct style of relationships betweencustomers and brand owners, and all those interactions
give an opportunity for strengthening the brand identity.
A distinction needs to be made between „e-tailers‟,
- e-brands‟ primary activity is to deliver physical products like Amazon.com
- e-brands focus on delivering a service or experience, like CITEMAN
In both cases, however, it is the intangibles, the brand values thatwill attract online customers.
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Media brands
eg, newspapers, magazines, television channels.
Not-for-profit organization brands
Non-profits are often at a disadvantage when it
comes to branding.
they don‟t have the deep pockets of
corporations who can afford to hire brandspecialists
they don‟t have staff whose job it is to protect
the integrity of the brand, and promote it at
every turn.But successful branding can have a great effect
on raising awareness of the charity and its
mission, and on fund-raising
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Nation brands
New ways of thinking lead to countries being positionedas tourist destinations, enhancing status of goods and
services produced, and aiding under-developedcountries.
Government brands
Governments and political parties often have strong
brands as they are centerd on passionately held core
values, Branding is important in both securing votes andin international diplomacy.
Global brands
Companies have been marketing their products and
brands in different countries for decades. However they
were almost always marketed according to local
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FEATURES OF GLOBAL BRANDS
[QUELCH, 1999]
Strong in home market – cash flow generated from domesticmarket enables the company to fund a global roll-out
At least minimum level of awareness, recognition and sales allover the world
The products meet the same human needs world-wide, eventhough the physical product may be adapted locally (eg,McDonald‟s).
Consistent positioning
Consumers value the provenance of the brand, its country oforigin, and even associate the country‟s expertise withspecific products (eg, German cars, American jeans).
Focus on a specific product category
Use single corporate brand name.
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ACT LOCAL, THINK GLOBAL
“While there are global brands that have a globalpresence, they don‟t have global consumers. Thebrand‟s core values can be global, although the
brand needs to have local relevance. To bring it tolife you need to be flexible and re-enact the brandas appropriate.
It is the think global, act local strategy.”
[Gavin Emsden, Nestle UK‟s head of consumer
insight and planning for beverages]
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