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STRATEGIC BRAND MANAGEMENT BUILDING, MEASURING, AND MANAGING BRAND EQUITY Kevin Lane Keller Kafli 2 21. september 2004.

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Presentation on theme: "STRATEGIC BRAND MANAGEMENT BUILDING, MEASURING, AND MANAGING BRAND EQUITY Kevin Lane Keller Kafli 2 21. september 2004."— Presentation transcript:

1 STRATEGIC BRAND MANAGEMENT BUILDING, MEASURING, AND MANAGING BRAND EQUITY
Kevin Lane Keller Kafli 2 21. september 2004

2 Motivation for Customer-Based Brand Equity Model
Marketers know strong brands are important but aren’t always sure how to build one. CBBE model was designed to be … comprehensive cohesive well-grounded up-to-date actionable

3 MARKETING PLANNING PROCESS
Complex, Varied Marketing Activity Detailed, Rich Marketing Models Comprehensive, Robust Marketing Measures

4 Rationale of Customer-Based Brand Equity Model
Basic premise: Power of a brand resides in the minds of customers Challenge is to ensure customers have the right types of experiences with products & services and their marketing programs to create the right brand knowledge structures: Thoughts Feelings Images Perceptions Attitudes

5 Building Customer-Based Brand Equity
Building a strong brand involves a series of steps as part of a “branding ladder” A strong brand is also characterized by a logically constructed set of brand “building blocks.” Identifies areas of strength and weakness Provides guidance to marketing activities

6 CUSTOMER-BASED BRAND EQUITY PYRAMID
RESONANCE SALIENCE JUDGMENTS FEELINGS PERFORMANCE IMAGERY 4. RELATIONSHIPS = What about you & me? 3. RESPONSE = What about you? 2. MEANING = What are you? 1. IDENTITY = Who are you?

7 Salience Dimensions Depth of brand awareness
Ease of recognition & recall Strength & clarity of category membership Breadth of brand awareness Purchase consideration Consumption consideration

8 Performance Dimensions
Primary characteristics & supplementary features Product reliability, durability, and serviceability Service effectiveness, efficiency, and empathy Style and design Price 23

9 Imagery Dimensions User profiles Purchase & usage situations
Demographic & psychographic characteristics Actual or aspirational Group perceptions -- popularity Purchase & usage situations Type of channel, specific stores, ease of purchase Time (day, week, month, year, etc.), location, and context of usage Personality & values Sincerity, excitement, competence, sophistication, & ruggedness History, heritage, & experiences Nostalgia Memories

10 Judgment Dimensions Brand quality Brand credibility
Value Satisfaction Brand credibility Expertise Trustworthiness Likability Brand consideration Relevance Brand superiority Differentiation

11 Feelings Dimensions Warmth Fun Excitement Security Social approval
Self-respect

12 Resonance Dimensions Behavioral loyalty Attitudinal attachment
Frequency and amount of repeat purchases Attitudinal attachment Love brand (favorite possessions; “a little pleasure”) Proud of brand Sense of community Kinship Affiliation Active engagement Seek information Join club Visit web site, chat rooms

13 Customer-Based Brand Equity Model
Consumer- Brand Resonance Brand Salience Consumer Judgments Consumer Feelings Performance Imagery INTENSE, ACTIVE LOYALTY RATIONAL & EMOTIONAL REACTIONS POINTS-OF-PARITY & POINTS-OF-DIFFERENCE DEEP, BROAD BRAND AWARENESS

14 Sub-Dimensions of CBBE Pyramid
LOYALTY ATTACHMENT COMMUNITY ENGAGEMENT QUALITY CREDIBILITY CONSIDERATION SUPERIORITY WARMTH FUN EXCITEMENT SECURITY SOCIAL APPROVAL SELF-RESPECT CATEGORY IDENTIFICATION NEEDS SATISFIED PRIMARY CHARACTERISTICS & SECONDARY FEATURES PRODUCT RELIABILITY, DURABILITY & SERVICEABILITY SERVICE EFFECTIVENESS, EFFICIENCY, & EMPATHY STYLE AND DESIGN PRICE USER PROFILES PURCHASE & USAGE SITUATIONS PERSONALITY & VALUES HISTORY, HERITAGE, & EXPERIENCES

15 Application: Identify the key drivers of brand equity
Performance P-1 P-10 P-7 P-8 P-9 P-3 P-4 P-6 P-5 P-11 P-12 I-2 I-9 Imagery I-1 I-3 I-6 I-5 I-10 I-7 I-8 I-11 I-12 I-4 F-2 Feelings F-1 F-3 F-4 F-6 F-5 F-7 F-8 F-9 F-11 F-12 F-10 J-2 Judgment J-1 J-3 J-4 J-6 J-5 J-10 J-7 J-8 J-9 J-11 J-12 0.17 0.66 0.24 0.65 R-2 Resonance R-1 R-3 R-4 R-6 R-5 R-10 R-7 R-8 R-9 R-11 R-12 0.58 0.49


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