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Chapter Questions What is a brand, and how does branding work? How do you develop a unique brand? How do you create a unique position in the market? © Copyright 2008 Pearson Education Canada 8-1
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Brand A name, term, sign, symbol, intended to identify the goods or services of one seller and to differentiate them from those of competitors © Copyright 2008 Pearson Education Canada 8-2
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The Role of Brands Signify quality Create barriers to entry Competitive advantage Secure price premium © Copyright 2008 Pearson Education Canada 8-3
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Branding Endowing products and services with the power of a brand © Copyright 2008 Pearson Education Canada 8-4
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2-5 Starbucks
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2-6 Tim Horton’s
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IBM vs. Apple 10-7
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The Apple Brand Steve Jobs on the Apple brand: http://www.youtube.com/watch?v=4yefG Oif2WU&feature=relatedSteve Jobs on the Apple brand: http://www.youtube.com/watch?v=4yefG Oif2WU&feature=related 10-8
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Anything Can Be Branded a physical good a service a store a person a place an organization or even an idea 8-9
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Brand Elements Elements Slogans Brand names URLs Logos Symbols Characters © Copyright 2008 Pearson Education Canada 8-10
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Logos © Copyright 2008 Pearson Education Canada 8-11
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Slogans Like a good neighbour, ___ is there Just do it Nothing runs like a ___ Help is close to home We try harder We’ll pick you up Zoom I’m lovin’ it This ___’s for you Always low prices 8-12
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10-14 Positioning Designing the company’s offering and image for a distinctive place in the mind of the target market.
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8-15 A Mass Market Approach
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8-16 General Motors Alfred P. Sloan “A car for every purse and purpose”A car for every purse and purpose Cadillac Oldsmobile Pontiac Buick Chevrolet
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Segmentation What was the segmentation strategy? Are there any OTHER possible ways to segment the auto market? 8-22
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8-24 Mercedes
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8-25 Volvo
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8-26 Volvo
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10-27 Cigarettes
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10-37 A Positioning Statement To young, active soft-drink consumers with little time for sleep, Mountain Dew is the soft drink that gives you energy because it has the most caffeine.
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Social Marketing Brands? 10-38
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