BUILDING A PERFORMING BRAND MANAGEMENT MODEL WITHIN AGILE COMPANIES

Slides:



Advertisements
Similar presentations
Managing Human Resources in the Knowledge Based Economy
Advertisements

Analytical Frameworks
MEETING 5 Concept: Positioning, Differentiation, & Brand Triangle.
Defining Marketing for the 21st Century
Chapter Three Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability.
Chapter Three Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability.
Strategic Staffing Chapter 2 – Business and Staffing Strategies
MUSTAFA OZON Dokuz Eylul University Industrial engineering department
JetBlue Airways Corporation Firm Valuation Travis Steele.
The quest for future success in the international hotel industry An expedition in Africa Do you want to dance with me? By Jan Jansen.
Becerra-Fernandez, et al. -- Knowledge Management 1/e -- © 2004 Prentice Hall Chapter 4 Organizational Impacts of Knowledge Management.
Southwest Airlines BSC Jasmine Scott Brittany Murray Angelo Gonzalez Pebbles Gilbert Jennifer Katzman HBS Case Study –
Introduction to Management of Technology (MOT)
Introduction to Marketing
Globalization, US Competitiveness and Sustainable Development Assessing the Environment.
Lecture 2: Functional dimensions which shape the organization and its strategy THE INTERNATIONAL BUSINESS ENVIRONMENT DR (PROF) M AMBASHANKAR - GBE.
“Business has only two basic functions - marketing and innovation.” - Peter Drucker.
SHRM Thought Leaders Conference Scottsdale, AZ October 5-6, 2009.
Adaptive Processes: Linking Strategy with Execution.
MOGL MARKET ANALYSIS CUSTOMER LOYALTY PROGRAM FOR RESTAURANTS ON COLLEGE CAMPUSES.
Copyright 2000 Prentice Hall2-1 Chapter 2 Strategic Planning: Making Choices in a Dynamic Environment.
Competitive Advantage
Chapter 8: Services Marketing and Customer Relationships.
Marketing Chapter Overview The elements of the marketing mix The role of the customer The importance of the product in the marketing mix The product.
CHAPTER 13 THE STRATEGY OF INTERNATIONAL BUSINESS.
 It is the process of selecting specific market segments on which to concentrate the marketing effort.  This requires the analysis of 4 aspects present.
STRATEGIC MANAGEMENT BUSINESS-LEVEL STRATEGIES Prof. Dr. Kemal BİRDİR.
1 MARKETING AND MARKETING MANAGEMENT Module 1. 2 Objectives Defining marketing and marketing management The scope of marketing Some fundamental marketing.
Name of the Startup. Product / Service Offering Summary You may like to use the following sentence to bring out the key elements of the service offering.
CH 8 Value Process Framework (VPF) Measure effectiveness of strategy Bring together Value Chain analysis & Five Forces Main elements – Value creation –
The Marketing Mix. Marketing Mix Most famous phrase in marketing Sometimes known as the ‘four Ps' The marketing mix consists of price, place, product.
UNCLASSIFIED Lift the living standards and wellbeing of all Victorians by sustainably growing Victoria’s economy and employment and by working with the.
Chapter 1 Market-Oriented Perspectives Underlie Successful Corporate, Business, and Marketing Strategies.
Competitive Advantage
To accompany A Framework for Marketing Management, 2nd Edition
DEMAND DRIVEN STRATEGY
Marketing.
CHAPTER 10 CRAFTING THE BRAND POSITIONING
MODELOS DE GESTIÓN DE CALIDAD
CHAPTER 3: STRATEGIC PLANNING.
Global Marketing Management
Chapter 6 Targeting Attractive Market Segments
Aim: What is branding and how does it affect marketing?
THE CONCEPT OF STRATEGY
aRivera, Sigfrido, bRodríguez-Monroy, Carlos Abstract
Retailing Strategy CHAPTER 5 CHAPTER 1 CHAPTER 1 CHAPTER 2 5 -
THE STRATEGY OF INTERNATIONAL BUSINESS
The 21st Century Workplace
Global Edition Chapter 1 Creating and Capturing Customer Value
Chapter 6 HEALTHCARE MARKETING. Chapter 6 HEALTHCARE MARKETING.
Introduction to Marketing
Internet Interconnection
Building Competitive advantage through functional level strategies
Positioning and PLC.
Chapter 5: Business-Level Strategy
FMA 601 Foreign Market Analysis
Chapter Three Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability.
Introduction to Marketing
Building Competitive advantage through functional level strategies
Do Now What goods should we produce? How should we produce them?
ENGINEERING ECONOMICS
Motivation strategy The first principle of the company “Make Everyone’s Dreams Come True” allows the members of the organization to dream and develop their.
Bertelsmann Education Strategy
Economic Systems.
The Corporate Social Audit Corporate Sustainability
Lecture 5: Organizational Impacts of Knowledge Management
Strategy Analysis and organization design
Branding- decode of adding value to the product. Contents What is a brand? Brand elements Brand equity Brand strategy Brand storyteller Brand recall Brand.
Strategy and Management Control system
Introduction to Marketing Miss Mary Lynn Mundell.
Presentation transcript:

BUILDING A PERFORMING BRAND MANAGEMENT MODEL WITHIN AGILE COMPANIES Adina-Gabriela Croitoru The Bucharest University of Economic Studies E-mail: adina_gc@yahoo.com Summary The profound changes in the global economy over the last decades have increasingly intensified competition, so that all companies must constantly adapt to change to succeed. The supply of products and services needs to be changed in order to meet consumers’ needs, but, moreover, new ways to attract and retain them in the long run must be found. Using the principles of agility, initially developed in the IT field, provides the necessary framework for adapting a company to the dynamics of the current society, so that more and more of them, regardless of the field of activity, turn into agile companies. In the context of a growing need for differentiation, agility is successfully intertwined with brand management as an element that can, at any time, contribute to the achievement of important competitive advantages that emerge from the consumer’s emotional approach. The brand acts as a promise of the quality and the values of the companies, and even the smallest detail can bring added value to the offer. Strategies adopted by agile companies for brand management are among the most diverse but, as it can be seen in the case of Hermès and Singapore Airlines, companies with tradition in different fields of activity, they are based, first of all, on the careful development of a brand image, but, above all, on keeping it alive in the minds of consumers. Beyond continually improving the quality of the offered products and services, the two companies focus on exclusivity (Hermès) and technology (Singapore Airlines). Findings Conclusions It is worth noting that the main common feature in terms of development and promotion is that both companies rely intensively on creativity and innovation to gain sustainable competitive advantages. Additionally, although the object of activity of the two companies is different and there are also notable differences regarding the approach of the brand management, both have succeeded in successfully creating globally well-known brands, capable of addressing and satisfying such diverse needs and preferences of customers around the world. Starting from the example of the brand strategies used by the two well-known studied companies, we can build a brand management model that will provide some directions for achieving performance in this respect: In order to capture the consumer’s attention, an agile company develops an innovational strategy around its brand, including the products and services, whose high quality is supported by technology and attention paid to sustainability. All these require investments in training for the staff, building a charismatic public image, and ensuring efficient distribution. Fig. no. 1 Substantiation of a brand management model