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BRANDING STRATEGY Building Strong Brands Building Strong Brands

BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

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Page 1: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

BRANDING STRATEGYBuilding Strong BrandsBuilding Strong Brands

Page 2: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

Best Global Brand Value

Source : http://www.interbrand.com/en/best-global-brands/2013/Best-Global-Brands-2013-Brand-View.aspx

Page 3: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

Brand equityThe differential effect that knowing the brand name has The differential effect that knowing the brand name has on customer response to the product or its marketing

Page 4: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

How to Build Strong Brands ?

Brand Development

Line Extensions Brand Extensions Multibrands

Brand Sponsorship

Manufacturer’s Brand Private Brand Licensing

MultibrandsNew Brands

Brand Positioning

Brand Name Selection

Selection Protection

LicensingCo-branding

Brand Positioning

Attributes BenefitsBeliefs & Values

Page 5: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

Brand positioning strategy decisions,include:include: Product attributes Product benefits Product beliefs and values Product beliefs and values

Source : Kottler. A, 2010, Principles of Marketing. Fourteenth Edition, Prentice Hall: USA

Page 6: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

Brand Name Selection

Desirable qualities

1. Suggest benefits and qualities2. Easy to pronounce, recognize, and remember3. Distinctive3. Distinctive4. Extendable5. Translatable for the global economy6. Capable of registration and legal protection6. Capable of registration and legal protection

Page 7: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

Brand SponsorshipManufacturer’s BrandManufacturer’s Brand PT. Indofood CBP Sukses Makmur

PT. Sinar Sosro

PT. Tirta Investama

PT. Ultra Prima Abadi Private BrandCo-brand

Licensed brand

Page 8: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

Brand Development StrategiesProduct Category

Line Extension Brand Extension

Newis

ting

ExistingE

xist

ing

Nam

e

Multibrands New Brands

New

Bra

ndN

ame

New

Page 9: BRANDING STRATEGY - stxavierstn.edu.instxavierstn.edu.in/ict_ppts/mba/nithila/4.pdfon customer response to the product or its marketing. How to Build Strong Brands ? Brand Development

Managing Brand By Communicate Brand to Engage

Your Target Audience Continuously and Optimize Your Target Audience Continuously and Optimize

Your Resources to Grab Your Target Audience