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BRAND BUILDING FOR HEALTHCARE INSTITUTIONS Symbiosis, Pune May 8 2008
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C ONCLUSION Brand building makes sense Start from the beginning Craft Brand Associations Engineer Brand Attributes Create Brand Awareness Consistently deliver the Brand Promise Apt Brand Promise Communication is a must Brand Loyalty pays www.vivekshukla.com
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W HY C UT P RACTICE IS A B AD I DEA [I LLEGAL AND U NETHICAL ] GP has no loyalties www.vivekshukla.com
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W HY C UT P RACTICE IS A B AD I DEA [I LLEGAL AND U NETHICAL ] Cuts eat into your profits www.vivekshukla.com
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W HY B RANDING IS A G OOD I DEA A strong brand stands to gain at all fronts www.vivekshukla.com
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B RANDING - A N A LTERNATIVE www.vivekshukla.com
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B RANDING - W HERE TO START When you read, you begin with ABC, When you Brand you begin with- ??? www.vivekshukla.com
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B RAND E SSENCE A single thought that captures the soul of a brand - David Aaker www.vivekshukla.com
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B RAND E SSENCE Competitors CustomerCompany Essence www.vivekshukla.com
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B RAND A SSOCIATIONS www.vivekshukla.com
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B RAND A SSOCIATIONS www.vivekshukla.com
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B RAND A SSOCIATIONS www.vivekshukla.com
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B RAND A SSOCIATIONS www.vivekshukla.com
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B RAND A SSOCIATIONS www.vivekshukla.com
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B RAND A TTRIBUTES Name Tagline Logo Colour Ambience Others www.vivekshukla.com
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B RAND A WARENESS www.vivekshukla.com
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E MOTIONAL B ONDING = W ALLET S HARE Presence Relevance Performance Advantage Bonding High share of wallet Aware Want to use, right price ? Can it deliver Works better, better price, more popular Subjective & emotional, consumer loyalty Low share of wallet www.vivekshukla.com
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B RAND P ROMISE C OMMUNICATION www.vivekshukla.com
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B RAND C OMMUNICATION External communication is most expensive and will be a waste if done in haste www.vivekshukla.com
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D ELIVERING THE B RAND P ROMISE P.O.C. PROCESSES CONSISTENT DELIVERY www.vivekshukla.com
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E XTERNAL C OMMUNICATION S TRATEGY www.vivekshukla.com
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B RAND L OYALTY Retained customer gives almost double the profit www.vivekshukla.com
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B RAND LOYALTY 5% Increase in retention can increase the operating profit by up to 20% www.vivekshukla.com
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C USTOMER L IFE C YCLE Fully retained customer not only maximizes revenue, but also get you more customers www.vivekshukla.com
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THANK YOU mail@vivekshukla.com www.vivekshukla.com
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