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WELCOME 1 Selected Korea findings from The 2002-2003 Global Brand Forecast An international comparison of Brand Management practices and trends.

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Presentation on theme: "WELCOME 1 Selected Korea findings from The 2002-2003 Global Brand Forecast An international comparison of Brand Management practices and trends."— Presentation transcript:

1 WELCOME 1 Selected Korea findings from The 2002-2003 Global Brand Forecast An international comparison of Brand Management practices and trends

2 OBJECTIVE 2 The Global Brand Forecast Study assesses the major trends related to branding on a biyearly basis. It provides a global perspective on the current state of branding, important tools and factors for success in brand management. nColumbia University, New York nInstitut für Marketing Ludwig-Maximilians-Universität München nYonsei University, Seoul The study is conducted by:

3 TOPICS 3 The Global brand Forecast Study gives an overview on a range of different branding issues: nGeneral brand management nBranding tools and objectives nBenchmarking nCountry specific evaluation of brand management nThis year‘s extra topic: Employees and Brands

4 METHODOLOGY - SAMPLE STATISTICS 4 Korea 117 subjects Marketing Director, VP Marketing, Chief Communication Officer, Brand Manager, executive director, equivalent Automobile, Cosmetics, Food/ Beverages, Financial Services, Telecommunications, Electronics, Clothes and Fashion, Airlines/ Tourism, E-commerce/ Internet, Mass Retailing, Entertainment Form of collection: telephone survey in Korea  Size:  Titles:  Industries:  Methodology:

5 BRAND MANAGEMENT IS … 1. GENERAL BRAND MANAGEMENT 5 Korea  The integrated management of a product’s tangible and intangible assets  The “face” of a product  Similar to “raising a person (child)”

6 6 Korea 2. BENCHMARKING Instill culture of brand management In tune with customer experience Meet global competition Most easily remembered brand SUCCESS FACTORS IN BRANDING

7 INNOVATIVE KOREAN BRANDS OF 2002 2. BENCHMARKING 7 Brought people together during World Cup Used the “ Red Devils ” as useful medium Innovative brand segmentation by user 3 rd 2 nd 1 st Question: „Which brand in your country has done something particularly innovative in branding this year?“ Korea ’ s “ representative ” brand The “ Digital ” core brand concept is spring- board in creating new customer value Massive advertising support and publicity created for the World Cup Good integration of Corporate Identity and Communication strategy.

8 MOST ADMIRED BRANDS BY INDUSTRY 2. BENCHMARKING 8 Daum (29.9%) Yahoo (13.7%) Samsung (54.7%) Korean Air (41.9%) Asiana (29.1%) E-commerce/ Internet Electronics Korea Highlights: n = 117 Question: „Which brands in your country do you admire most in each of these industries?“ Airlines/Tourism

9 STRONGEST BRANDS IN KOREA 3. COUNTRY-SPECIFIC BRANDING 9 Hyundai (20.6%) Samsung (11.4%) Kia (10.7%) Daewoo (8.2%) American Perspective German Perspective Korean Perspective Samsung (25.0%) LG (11.3%) SK Telecom (10.4%) Anycall (10.4%) Hyundai (9.2%) [Don‘t Know (31%)][Don‘t Know (17%)] Sony (20.5%) Toyota (17.0%) Samsung (9.4%) Question: „ What do you think are the three best brands overall in Korea? “

10 STRONGEST BRANDS WORLDWIDE 3. COUNTRY-SPECIFIC BRANDING 10 Coca Cola (21.3%) McDonalds (9.9%) Ford (7%) Disney (6.6%) Microsoft (5.2%) American Perspective German Perspective Korean Perspective Coca Cola (33.3%) McDonalds (14.1%) Microsoft (12.1%) Marlboro (8.9%) Nike (5.1%) Mercedes (3.8%) Coca Cola (30.0%) Microsoft (12.8%) Sony (10.1%) McDonald (8.9%) Nike (5.0%) Mercedes (4.5%) IBM (4.2%) Question: „ Please name the best three global brands. “


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