What is Branding? by Yiying Lu
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Transcript of What is Branding? by Yiying Lu
A brand is the idea or image of a specific product or service that consumers connect with, by identifying the name, logo, slogan, or design of the company who owns the idea or image.
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As competition creates infinite choices, companies look for ways to connect emotionally with customers, become irreplaceable, and create lifelong relationships. A strong brand stands out in a crowded marketplace. People fall in love with brands, trust them, develop strong loyalties, believe in their superiority, and eventually buy them.
How a brand is perceived affects its success, regardless of whether it’s a start-up, a nonprofit, a service, or a product.
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TED Talks - Simon Sinek: Start with Why
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http://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action
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Starbucks Coffee: Great Minds of Business
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Criteria for Achieving Good Branding Practice
Branding CAMPUS:
ConsistentAuthenticMeaningfulPermissiveUniqueSustainable
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Consistent Consistency is agreement, harmony, or compatibility, especially correspondence or uniformity among the parts of a complex thing.
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Coke Summer Cans Collection
Australian Release (2009)
US Release (2009)
Canadian Release (2011)
US Release (2010)
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AuthenticIn psychology, authenticity refers to self-knowledge and making decisions that are congruent with that self-knowledge. Organizations who know who they are, and what they stand for, start the identity process from a position of strength. They create brands that are sustainable and genuine. Brand expression must be appropriate to the organizations unique mission, history, culture, values, and personality.
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MeaningfulThe best brands stand for something: a big idea, a strategic position, a defined set of values, a voice that stands apart. Symbols are vessels for meaning. They become more powerful with frequent use and when people understand what they stand for.
They are the fastest form of communication known to man.
Meaning is rarely immediate and evolves over time.
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PermissivePermissive means allowing or characterized by great or excessive freedom of behavior.
Innovation requires brands to be flexible. No one can say with certainty which new products or services a company might offer in five year.
Brands that are open to change need to have flexible brand identity systems in place to quickly seize new opportunities in the marketplace.
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UniqueUnique being the only one of its kind; unlike anything else.
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SustainableBrands are messengers of trust. We are all moving at blinding speed and our institutions, technology, science, lifestyles, and vocabulary are in a state of continuous flux. Consumers are reassured by trademarks that are recognizable and familiar.
Sustainability is achieved through a commitment to the equity of a central idea over time, and the capacity to transcend change.
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