Brand equity and positioning updated
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Transcript of Brand equity and positioning updated
CREATING BRAND EQUITY AND
CRAFTING ITS POSITIONING
Building Strong Brands
Martin Danao
Bryan Panjaitan
Angelica Pujol
Ateneo Graduate School of Business
https://www.linked.com/in/martinlloyddanao https://www.linkedin.com/in/angelicapujol
https://www.linkedin.com/in/bryanpanjaitan
Aspects of a Great Brand Equity are…
• Equity
• Role
• Model
• Element/s
• Internal Branding
• Management
Building Strong Brands – part 1
What is Brand Equity? It is..
• Added Value
• Symbol and Pride
• Label for Customers
Building Strong Brandsto create a GREAT BRAND EQUITY 1 of 6
What is Brand Equity? It is..
• Added Value
• Symbol and Pride
• Label for Customers
Building Strong Brandsto create a GREAT BRAND EQUITY 1 of 6
It may be reflected in the way consumers…
think feel act
…with respect to a Brand
Could be Positive Customer-based Brand Equity…
Building Strong Brandsto create a GREAT BRAND EQUITY 1 of 6
October 16, 2014: Eager Shoppers Queue Overnight for
H&M PHL Opening
Could be Positive Customer-based Brand Equity…
Building Strong Brandsto create a GREAT BRAND EQUITY 1 of 6
May 20, 2014: World’s Cheapest
Michelin-Star Restaurant Opens in
Manila!
…or Negative Customer-based Brand Equity
Building Strong Brandsto create a GREAT BRAND EQUITY 1 of 6
October 23, 2014: Microsoft Looks Set to Drop Nokia Name from
Smartphones
…or Negative Customer-based Brand Equity
Building Strong Brandsto create a GREAT BRAND EQUITY 1 of 6
February 8, 2014: LTFRB Suspends Florida Bus After Mt. Province Fatal
Crash
Aspects of a Great Brand Equity are…
• Equity
• Role
• Model
• Element/s
• Internal Branding
• Management
Building Strong Brands – part 1
Branding can be used to..
• Identify the Maker
• Help Organizing Records
• Signify level of Quality
Building Strong Brandsto create a GREAT BRAND EQUITY 2 of 6
Branding can be used to..
• Legal Protections
through:
Building Strong Brandsto create a GREAT BRAND EQUITY 2 of 6
Patents, Trademarks, and Copyrights
A Great Branding
• Barriers for Competitors
• Enhance Financial Value
Aspects of a Great Brand Equity are…
• Equity
• Role
• Model
• Element/s
• Internal Branding
• Management
Building Strong Brands – part 1
Use the most applicable Brand Models!
• As simple as possible
• Easy to explain
• Understandable by the employees
Building Strong Brandsto create a GREAT BRAND EQUITY 3 of 6
Aspects of a Great Brand Equity are…
• Equity
• Role
• Model
• Element/s
• Internal Branding
• Management
Building Strong Brands – part 1
Choosing the right Brand Element/s is crucial!
Building Strong Brandsto create a GREAT BRAND EQUITY 4 of 6
• Name
• Logo
• Slogan
Choosing the right Brand Element/s is crucial!
Building Strong Brandsto create a GREAT BRAND EQUITY 4 of 6
• Name
• Logo
• Slogan
Aspects of a Great Brand Equity are…
• Equity
• Role
• Equity
• Element/s
• Internal Branding
• Management
Building Strong Brands – part 1
Treat internal Branding as careful as the External Branding!
• Choose the right moment
• Link internal & external marketing
• Bring the brand alive internally
• Become an example
Building Strong Brandsto create a GREAT BRAND EQUITY 5 of 6
Aspects to Create a Great Brand Equity are…
• Equity
• Role
• Model
• Element/s
• Internal Branding
• Management
Building Strong Brands – part 1
All brand should be Managed Carefully for optimal
outcomes by doing:
• Deliver the Promise
• Keep Evolving
• Consistency
• Revitalizations
Building Strong Brandsto create a GREAT BRAND EQUITY 6 of 6
Conclusion
A Strong Brand…
… commands intense
consumer loyalty,
rooted on great product
or service.
Building Strong Brands – part 1
Steps to Craft a Great Brand Positioning are…
• Study Competitors’ Positioning
• Develop a Position
• Finding New Trends
• Product Life Cycle
• Differentiation Strategy
Building Strong Brands – part 2
Knowing Competitors’ Position is imperative!
• Identify the competitors
• Find competitors’ SWOT
• Make comparisons
Building Strong Brandsto craft a GREAT BRAND POSITIONING 1 of 5
Steps to Craft a Great Brand Positioning are…
• Study Competitors’ Positioning
• Develop a Position
• Finding New Trends
• Product Life Cycle
• Differentiation Strategy
Building Strong Brands – part 2
Place the Brand at the center of the intended market!
• Identify the market
- Size
- Growth
- Trends
• Make SWOT Analysis
• Calculate the Options
Building Strong Brandsto craft a GREAT BRAND POSITIONING 2 of 5
• Study Competitors’ Positioning
• Develop a Position
• Finding New Trends
• Product Life Cycle
• Differentiation Strategy
Steps to Craft a Great Brand Positioning are…
Building Strong Brands – part 2
Make the first move and Become the Pioneer!
• Be innovative
• Find out what the customers’ needs (not wants)
• Be sure about it
• Follow it up
Building Strong Brandsto craft a GREAT BRAND POSITIONING 3 of 5
Make the first move and Become the Pioneer!
Building Strong Brandsto craft a GREAT BRAND POSITIONING 3 of 5
Steps to Craft a Great Brand Positioning are…
• Study Competitors’ Positioning
• Develop a Position
• Finding New Trends
• Product Life Cycle
• Differentiation Strategy
Building Strong Brands – part 2
Know your Product and its Life Cycle!
Building Strong Brandsto craft a GREAT BRAND POSITIONING 4 of 5
• Limited Lifetime
• Sales pass through Distinct Stages
• Profit Rises and Falls
• Different Strategies for each Stage
Stage 1: Introduction
Building Strong Brandsto craft a GREAT BRAND POSITIONING 4 of 5
• Slow Sales Growth
• Heavy Expenditure
• Non-Existent Profit
• No Customers’ Loyalty
Stage 2: Growth
Building Strong Brandsto craft a GREAT BRAND POSITIONING 4 of 5
• Rapid Market Acceptance
• Substantial Profit Improvement
• Growing Customers’ Loyalty
Stage 3: Maturity
Building Strong Brandsto craft a GREAT BRAND POSITIONING 4 of 5
• Slowing Down in Sales Growth
• Stabilized or Decreased in Profit
• Increasing Competitions
Stage 4: Decline
Building Strong Brandsto craft a GREAT BRAND POSITIONING 4 of 5
• Sales Decline
• Profit Erodes
• Loyalty stays to the Brand
Steps to Craft a Great Brand Positioning are…
• Study Competitors’ Positioning
• Develop a Position
• Finding New Trends
• Product Life Cycle
• Differentiation Strategy
Building Strong Brands – part 2
Make the Difference/s That Cannot Be Followed by
the other competitors!
• Employee
• Channel
• Image
• Product/Services
Building Strong Brandsto craft a GREAT BRAND POSITIONING 5 of 5
Make the Difference/s That Cannot Be Followed by
the other competitors!
• Employee
• Channel
• Image
• Product/Services
Building Strong Brandsto craft a GREAT BRAND POSITIONING 5 of 5
Better Trained
Competent
Trustworthy
Friendly & Respectful
Reliable
Responsible
Good Communicator
Make the Difference/s That Cannot Be Followed by
the other competitors!
• Employee
• Channel
• Image
• Product/Services
Building Strong Brandsto craft a GREAT BRAND POSITIONING 5 of 5
Coverage
Expertise
Performance
Make the Difference/s That Cannot Be Followed by
the other competitors!
• Employee
• Channel
• Image
• Product/Services
Building Strong Brandsto craft a GREAT BRAND POSITIONING 5 of 5
Make the Difference/s That Cannot Be Followed by
the other competitors!
• Employee
• Channel
• Image
• Product/Services
Building Strong Brandsto craft a GREAT BRAND POSITIONING 5 of 5
Product Form
Features
Performance
Style and Design
Durability
Reliability
Reparability
Customer Training
Customer Consulting
CREATING BRAND EQUITY AND
CRAFTING ITS POSITIONING
Building Strong Brands
Equity
Role
Model
Element/s
Internal Branding
Management
Study Competitors’ Positioning
Develop a Position
Finding New Trends
Product Life Cycle
Differentiation Strategy
https://www.linked.com/in/martinlloyddanao https://www.linkedin.com/in/angelicapujol
https://www.linkedin.com/in/bryanpanjaitan