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What redefined branding
The industrial revolution
AMA definition of brand
A name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition
What makes a successful brand
strong identity, is innovative , consistent, and competitively positioned
Ivory example of branding
Brand name “Ivory” represented pureness and mildness
Brand relevance
What the brand promises as a value must make sense to the consumer
Brand Identity symbols
Identity symbols (Color, item, packaging, logo)
Brand identity personality
Brands character, humanizes the brand-emotional aura
Brand positioning
How the company proposes the brand should be perceived about its competitors to highlight brand differences and competitive advantages.
Brand image
How the consumer ends up
Own experiences with the brand and its competitors
Cultural
Religious
Economic background
Other external influences
How do branding strategies respond
changing customer needs, enables brands to stay relevant, and creates new business opportunities.
Brand consistency
Without consistency there is no customer loyalty.
Brands must decide on what to innovate and what to maintain as consistent.
While product features change the promised value should stay consistent.
Branding
Endowing products and services with the power of the brand
Co-branding
Multiple brand names together on a single product or service.
Growth strategies
Licensing
Global expansion
Brand extensions
Global expansion benefits
Financial benefits
Growth of reputation
Boost of brand image
New opportunities for other extensions
New market opportunities and resources
Brand extension
Increases the range and type under the brand’s umbrella.
Corporate brands can create a series of sub-brands under related or unrelated names.
Microbrand
(or satellite brand) is a limited yet distinct of the original (or mother) brand
Experiential branding
the discipline of understanding and defining brands in terms of the way they are experienced, in order to differentiate them in the most powerful dimension: relevance (nothing is more relevant than an experience)”
Blogging
Online personal publishing that allows individuals and companies to articulate and broadcast their message.