Brand Equity Concepts

Description
This ppt is about the brand equity concepts.

Brand Equity

What is a Brand

A name, term, sign, symbol or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors.

9-2

Brand ………
A brand is a product ,then but on that adds other dimensions to differentiate it in some way from other products designed to satisfy the same need .

9-3

Branding

Endowing products and services with the power of a brand.

9-4

Brand Equity

The differential effect that brand knowledge has on consumer response to the marketing of that brand.

9-5

Brand Knowledge

Thoughts Knowledge

Feelings

Beliefs
Experiences

Images

9-6

Brand Associations

Strong Unique

Favorable
9-7

Brand Promise

The marketer’s vision of what the brand must be and do for Consumers.

9-8

Brand Equity Models

• Brand Asset Valuator • Aaker Model • BRANDZ • Brand Resonance

9-9

Brand Asset Valuator (BAV)

Brand Equity

Differentiation

Knowledge

Relevance

Esteem

9-10

Aaker Model – Brand Identity

Brand-as-product

Brand-as-organization

Brand-as-person

Brand-as-symbol

9-11

Aaker Model – Brand Assets
Brand loyalty
Brand associations Proprietary assets Brand awareness Perceived quality

9-12

The BRANDZ Model

Bonding

Advantage
Performance Relevance Presence
9-13

Figure 9.2 Brand Resonance Pyramid

9-14

Drivers of Brand Equity

Brand Elements Marketing Activities Meaning Transference
9-15

Brand Elements
Brand names

URLs

Slogans

Elements Logos

Characters

Symbols
9-16

Brand Element Choice Criteria

• Memorable • Meaningful • Likeability

• Transferable • Adaptable • Protectible

9-17

Designing Holistic Marketing Activities

Personalization Integration Internalization
9-18

Figure 9.3 Secondary Sources of Brand Knowledge

9-19

Measuring Brand Equity
Brand Audits

Brand Tracking

Brand Valuation

9-20

Managing Brand Equity
Brand Reinforcement

Brand Revitalization

Brand Crises

9-21

Devising a Branding Strategy
Develop new brand elements
Apply existing brand elements Use a combination of old and new

9-22

Branding Terms
• • • • • • Brand line Brand mix Brand extension Sub-brand Parent brand Family brand • • • • • • • Line extension Category extension Branded variants Licensed product Brand dilution Brand portfolio Brand Crisis

9-23

Brand Naming
Individual names Blanket family names Separate family names

Corporate nameindividual name combo
9-24

Brand Roles in a Brand Portfolio

Flankers

Cash Cows

Low-end Entry-level

High-end Prestige

9-25



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