CHAPTER 4: CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY

Slides:



Advertisements
Similar presentations
CHAPTER 7: LEVERAGING SECONDARY BRAND KNOWLEDGE TO BUILD BRAND EQUITY
Advertisements

Corporate Branding KOM5331 Moniza Waheed monizawaheed.
Branding Elements and Strategies
Segmentation and Positioning in Global Markets. Requirements of an Effective SegmentationMeaningfulMeaningful ActionableActionable SubstantialSubstantial.
Branding and Positioning. Elements of Brand Equity Awareness –Recognition –Recall Associations Perception of Quality Loyalty –Relationship –Installed.
Branding and Positioning. Elements of Brand Equity Awareness –Recognition –Recall Associations Perception of Quality Loyalty –Relationship –Installed.
Creating Brand Equity What is Brand Equity Building Brand Equity
Brand Knowledge vs. Brand Equity: What’s the Difference?
CUSTOMER-BASED BRAND EQUITY Zeenat Jabbar Brand Knowledge Structure Brand awareness, depth, and breadth Brand associations 15.2.
Brands, Packaging and Other Product Features Chapter 10 McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved.
Brand Equity Def n “Brand Equity is the totality of the brand's perception, including the relative quality of the products and services, financial.
Position company to acquire desired business image
3.02 Position products/services to acquire desired business image. Marketing.
Section 31.1 Branding Chapter 31 branding, packaging, and labeling Section 31.2 Packaging and Labeling.
Chapter 6: Strategic Brand Management
Tuck School of Business
Choosing Brand Elements to Build Brand Equity
Corporate Image and Brand Management Chapter 2 Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall 2-1.
LECTURE 2: CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY Zeenat Jabbar 2.1.
Position company to acquire desired business image.
Brand Elements Building Brand Equity Chapter 4. Choice Criteria Memorability - recognition, recall Meaningfulness - persuasive Likability - fun, visually.
CHAPTER 4: CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY Lecture
Brands and Stakeholder Relationships
Formulating Strategic Marketing Programs
 Short, memorable group of words or catch phrase used to identify a product or company What is a Slogan?
Chapter 9 Creating Brand Equity Brand Equity: added _____ endowed to products and services - value is reflected in how we think, feel and act with respect.
Chapter Two The Marketing Communications Process and Brand- Equity Enhancement.
Branding Communication Plan. Visual Identity – vital component  Brand  Logo  Slogan.
9-1 © 2006 by Nelson, a division of Thomson Canada Limited 5/26/2016 Slides developed by: Peter Yannopoulos Chapter 9 Brand Strategy.
B UILDING STRONG BRANDS. In This Chapter, We Will Address The Following Questions : 1.What is brand, and how does branding work? 2.What is brand equity?
Creating Brand Equity.
CAHS 2000 March 24, 2009 Global Consumer Culture.
Copyright 2000 Prentice Hall10-1 Chapter 10 Managing the Product.
Teacher – Shahed Rahman Chapter 2 Customer Based Brand Equity.
What are brand elements?
Creating Brand Equity November 15, 2011 Dr. Richard Kao.
Developing Integrated Marketing Communications
Defining Business Mission and Vision Setting Goals & Objectives Strategic Planning Process.
1 visit: Managing Brand Equity.
BRAND MANAGEMENT.
Consumer Behavior Memory Application of Consumer Memory to Brand Knowledge, Brand Equity and Brand Extension.
Goodyear – 1 Brand Elements Professor Carl Mela BA 460 Product Management Fuqua School of Business Brand Management System On Building A Brand Managing.
 key element of a brand's identity, and contribute to a brand's equity  almost all brands employ slogans  they enhance a brand's image  aid in.
© 2012 Pearson Education, Inc. publishing Prentice Hall. Note 29 Brands and Branding.
Class 2: Branding. Content What is a brand? To Understand Branding Issue How to Create and Maintain Brand Brand Position Communication and Branding.
Initial choices for brand elements making up the brand( like brand names, logos, symbols, jingles ) Product and service and all accompanying marketing.
Chapter 9: Branding, Packaging and Other Product Features
CHAPTER 15: CLOSING OBSERVATIONS Lecture
CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY. Brand Elements: PREVIEW Brand Elements (a.k.a. Brand Identities) – are those trademark-able devices that.
Chapter 8 Managing Sport Brands. Objectives To understand and discuss the full scope and importance of brand management and branding in the sport setting.
1 PRODUCT MEANING & DESIGN. BRAND ACTIVATION Brand activation may be linked to: 2 COMPANY OTHER BRANDS 3 RD PARTY SOURCES EVENTS BRAND AMBASSADORS CHARACTERS.
Ashesi University COURSE TITLE : STRATEGIC BRAND MANAGEMENT SEMESTER : SPRING 2016 MODULE 4: Choosing Brand Elements to Build Brand Equity Lecturer: Ebow.
2.1 CUSTOMER-BASED BRAND EQUITY CUSTOMER-BASED BRAND EQUITY.
Management Mustangs Strategic Brand Management Module - 5.
Chapter 8 Managing Sport Brands. Objectives To understand and discuss the full scope and importance of brand management and branding in the sport setting.
Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall. CHAPTER: 3 CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY.
Ashesi University COURSE TITLE : STRATEGIC BRAND MANAGEMENT
CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY
CHAPTER 7: LEVERAGING SECONDARY BRAND KNOWLEDGE TO BUILD BRAND EQUITY
Ashesi University COURSE TITLE : STRATEGIC BRAND MANAGEMENT
LEVERAGING SECONDARY BRAND ASSOCIATIONS TO BUILD EQUITY
CHAPTER: 4 CHOOSING Brand Elements to build Brand Equity
CHAPTER 7: LEVERAGING SECONDARY BRAND KNOWLEDGE TO BUILD BRAND EQUITY
CHAPTER:12 Introducing and Naming New Products and Brand Extensions
CHAPTER 2: CUSTOMER-BASED BRAND EQUITY
Integrating Marketing Communications to Build Brand Equity
CHAPTER 4: CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY
IMC Overview and Brand-Equity Enhancement
Marketing Communications Challenges: Enhancing Brand Equity, Influencing Behavior, and Being Accountable © 2010 South-Western, a part of Cengage Learning.
The Role & Impact of Marketing (Text 229 – 238)
Presentation transcript:

CHAPTER 4: CHOOSING BRAND ELEMENTS TO BUILD BRAND EQUITY Kevin Lane Keller Tuck School of Business Dartmouth College

Building Customer-Based Brand Equity Brand knowledge structures depend on: The initial choices for the brand elements The supporting marketing program and the manner by which the brand is integrated into it Other associations indirectly transferred to the brand by linking it to some other entities 19

Criteria for Choosing Brand Elements Memorability Meaningfulness Likability Transferability Adaptability Protectability Marketer’s offensive strategy and build brand equity Defensive role for leveraging and maintaining brand equity

Memorability Brand elements should inherently be memorable and attention-getting, and therefore facilitate recall or recognition. For example, a brand of propane gas cylinders named Blue Rhino featuring a powder-blue animal mascot with a distinctive yellow flame is likely to stick in the minds of consumers.

Meaningfulness Brand elements may take on all kinds of meaning, with either descriptive or persuasive content. Two particularly important criteria General information about the nature of the product category Specific information about particular attributes and benefits of the brand The first dimension is an important determinant of brand awareness and salience; the second, of brand image and positioning.

Likability Do customers find the brand element aesthetically appealing? Descriptive and persuasive elements reduce the burden on marketing communications to build awareness.

Transferability How useful is the brand element for line or category extensions? To what extent does the brand element add to brand equity across geographic boundaries and market segments?

Adaptability The more adaptable and flexible the brand element, the easier it is to update it to changes in consumer values and opinions. For example, logos and characters can be given a new look or a new design to make them appear more modern and relevant.

Protectability Marketers should: Choose brand elements that can be legally protected internationally. Formally register chosen brand elements with the appropriate legal bodies. Vigorously defend trademarks from unauthorized competitive infringement.

Tactics for Brand Elements A variety of brand elements can be chosen that inherently enhance brand awareness or facilitate the formation of strong, favorable, and unique brand associations. Brand names URLs Logos and symbols Characters Slogans Packaging 20

Brand Names Like any brand element, brand names must be chosen with the six general criteria of memorability, meaningfulness, likability, transferability, adaptability, and protectability in mind.

Brand Naming Guidelines Brand awareness  Simplicity and ease of pronunciation and spelling Familiarity and meaningfulness Differentiated, distinctive, and uniqueness Brand associations The explicit and implicit meanings consumers extract from it are important. In particular, the brand name can reinforce an important attribute or benefit association that makes up its product positioning.

Brand Naming Procedures Define objectives Generate names Screen initial candidates Study candidate names Research the final candidates Select the final name

URLs URLs (uniform resource locators) specify locations of pages on the web and are also commonly referred to as domain names. A company can either sue the current owner of the URL for copyright infringement, buy the name from the current owner, or register all conceivable variations of its brand as domain names ahead of time.

Logos and Symbols Play a critical role in building brand equity and especially brand awareness Logos range from corporate names or trademarks (word marks with text only) written in a distinctive form, to entirely abstract designs that may be completely unrelated to the word mark, corporate name, or corporate activities

Characters A special type of brand symbol—one that takes on human or real-life characteristics Some are animated like Pillsbury’s Poppin’ Fresh Doughboy, Peter Pan peanut butter’s character, and numerous cereal characters such as Tony the Tiger, Cap’n Crunch, and Snap, Crackle & Pop. Others are live-action figures like Juan Valdez (Colombian coffee), the Maytag repairman, and Ronald McDonald. Notable newcomers include the AOL running man, the Budweiser frogs, and the AFLAC duck.

Slogans Slogans are short phrases that communicate descriptive or persuasive information about the brand. Slogans are powerful branding devices because, like brand names, they are an extremely efficient, shorthand means to build brand equity

Classic Slogans “Melts in your mouth, not in your hands” (M&M’s) “Sometimes you feel like a nut, sometimes you don’t” (Almond Joy/Mounds) “Where’s the beef?” (Wendy’s) “A mind is a terrible thing to waste” (United Negro College Fund) “Can you hear me now?” (Verizon) Source: Monty Phan, “Celebrating Their Sweet Success,” Newsday, 21 September 2004, A43.

Jingles Jingles are musical messages written around the brand. Typically composed by professional songwriters, they often have enough catchy hooks and choruses to become almost permanently registered in the minds of listeners—sometimes whether they want them to or not! Jingles are perhaps most valuable in enhancing brand awareness.

Packaging From the perspective of both the firm and consumers, packaging must achieve a number of objectives: Identify the brand Convey descriptive and persuasive information Facilitate product transportation and protection Assist at-home storage Aid product consumption Susan B. Bassin, “Value-Added Packaging Cuts through Store Clutter,” Marketing News, 26 September 1988, 21.

Packaging Can Influence Taste Our sense of taste and touch is very suggestible, and what we see on a package can lead us to taste what we think we are going to taste.

Packaging Can Influence Value Long after we have bought a product, a package can still lead us to believe we bought it because it was a good value.

Packaging Can Influence Consumption Studies of 48 different types of foods and personal care products have shown that people pour and consume between 18% and 32% more of a product as the size of the container doubles. Valerie Folkes, Ingrid Martin and Kamal Gupta, “When to Say When: Effects of Supply on Usage,” Journal of Consumer Research, 20 December 1993, 467-477.

Packaging Can Influence How a Person Uses a Product One strategy to increase use of mature products has been to encourage people to use the brand in new situations, like soup for breakfast, or new uses, like baking soda as a refrigerator deodorizer. An analysis of 26 products and 402 consumers showed that twice as many people learned about the new use from the package than from television ads.

Putting It All Together The entire set of brand elements makes up the brand identity, the contribution of all brand elements to awareness and image. The cohesiveness of the brand identity depends on the extent to which the brand elements are consistent.