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Brand Strategy Business Process
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What is a Brand? A name, term, design, or any other feature that identifies a product. How is this different than a company? Do we identify with a brand or company as Americans?
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Brand Name A part of a brand that can be spoken.
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Brand Mark Elements of a Brand that cannot be spoken.
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Which is more important
Which is more important for a company’s brand? The Brand Name or the Brand Mark? Why? Name an example that supports your decision
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Brand Equity The value of company and brand names
High awareness, perceived quality, and brand loyalty among customers
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Question: Do other areas besides “Companies” have brand names?
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What is Brand Strategy? How companies communicate the ideas with a brand to their target market! A plan for building a brand in consumers’ minds
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Areas for Brand Strategies
Market Segmentations – when companies target different categories of consumers who perceive the full value of certain products Geographic Segmentation Demographics (Age, Sex, Generation, Race, Religion, etc.)
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Link to Michigan Football
Link to Think Different
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