Managing Brand Equity

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Managing Brand Equity COM 280 Kevin M. Brett October 7, 2014

Transcript of Managing Brand Equity

Managing Brand Equity

COM 280

Kevin M. Brett

October 7, 2014

What Are the Most Valuable

Brands on the Planet?

• 1. Google

• 2. Apple

• 3. IBM

• 4. Microsoft

• 5. Coca-Cola

• 6. Samsung

• 7. AT&T

• 8. Amazon

The “Intel Inside” Campaign

Brands Are 30 Percent of Wall

Street Value• Brands are Ethereal

• Inspire Loyalty (Beyond Reason)

• Shorthand for “Choice”

• Evokes Devotion

• Promotes Awareness

Marketing Enhances Brands

The Four “P’s” of Marketing• Product

• Place

• Pricing

• Promotion

Marketing Reaches Out to

Stakeholders

• B2B

• B2C

• B2G or Institutional

• Channel

What is Brand Equity?

• Estimated Value of the Reputation

• Constantly in Play

• Equity Can Rise or Decline

Brand Equity Can Rise or

Decline

Brand Equity Can Rise or

Decline

BP CEO: “I Want My Life Back”

Brand Equity Can Rise or

Decline

Brand Equity Hard to Measure

• Not Listed as an “Asset” on Balance

Sheets

• Intangible Value

• Conjures Loyalty and Differentiation

• It Exists

• How Will Your IMC Team Promote Brand

Equity?

Manage or Be Managed:

Your “Brand” is in Play

Greatest Brand of All?