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MKTG7502: Strategic Branding
MKTG7502: Strategic Branding
MKTG7502: Strategic Branding
MKTG7502
Strategic Branding
Associate Lecturer in Marketing
Claudia Gonzalez
Semester 1, 2018
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Lecture Overview
Learning
Welcome! Expectations Assessment Intro to Brands Questions?
outcomes
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WELCOME
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What is your industry background?
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What do you hope to get out of this course?
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Best sellers
• The following is the top twenty all time movie
opening weekend box office sales
Why so successful?
• Did they all get superb reviews from movie
critics?
• Are they outselling the original version?
• The reason for its success is….
• CBBE
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• The role of brands, the concept of brand equity, and the advantages
of creating strong brands
• The three main ways to build brand equity by properly choosing
brand elements, designing marketing programs and activities, and
leveraging secondary associations
• Different approaches to measuring brand equity
• Alternative branding strategies and how to devise brand hierarchies
and brand portfolios
• How to adjust branding strategies over time and across geographic
boundaries
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Learning Outcomes
Learning Resources
Lecture
• Weekly overview and discussion of Strategic Branding topics
• Guest speakers
Blackboard
• Announcements watch for
• PPT lecture slides, available for download and viewing during class
• Course documents, including project guidelines
• EXAMPLES of from past projects
• Supplementary readings
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My expectations of You
• Passion about learning and strategic branding
• Come to class
– Course is designed around the live lecture experience (videos, eLearning, guest
speakers, short activities).
• Keep up each with each week’s content
– If you miss a lecture, it is up to you to catch up with content and announcements
• Progress your project, don’t fall behind or leave it to the last minute
– Fair share of the work in your team
• We are a large class, please do not disrupt the lecture
– Turn mobile phones off or on silent; do not talk to others during the lecture
• Silently communicate to your friends (e.g, Google Hangouts, pass notes)
• Please participate, ask questions! Passion about learning and strategic branding
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Active Learning
• Active learning on students’ part is key,
because deep understanding cannot be
achieved by simply memorising lectures
and textbook chapters or cramming for
exams
• “Work hard, but have fun doing so”.
• Try to do some new and interesting things this
semester
• The bottom line that should be fairly
obvious to you at this point in your
education is: what you get out of a course is
largely determined by what you put into it
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Your expectations of me
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More for me
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About Me
Claudia Gonzalez
cgonzalez@business.uq.edu.au
Wednesdays 10-12.00
Building 37-411
Two sections
If you miss a lecture in your section, you can attend the other
session
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TEXTBOOK
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Reasons Why
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Learning Activities
Date Activity Other activity
Week 6
27 Mar 18 - Mid Semester Exam (Exam): Focus groups
28 Mar 18
9 Apr 18 -
No Lecture (Mid-Semester Break):
15 Apr 18
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Learning Activities
9 Apr 18 -
No Lecture (Mid-Semester Break):
15 Apr 18
Week 11
Presentations of Final Projects
15 May 18 - Extra class sessions for presentations
(Presentation):
16 May 18
Week 12
Presentations of Final Projects
22 May 18 - Extra class sessions for presentations
(Presentation):
23 May 18
Week 13
Presentations of Final Projects
29 May 18 - Extra class sessions for presentations
(Presentation):
30 May 18
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Holidays
No Wednesday
(25/04/2018) class
Week 7 Brand Marketing Communications
17 Apr 18 - (Lecture): meeting. Tuesday lecture
Readings/Ref: Textbook (Chapter 6);
18 Apr 18 will be recorded
Week 8 Leveraging Secondary Associations
(Lecture): Wednesday lecture Anzac Day In-class surveys
24 Apr 18 - public holiday
24 Apr 18 Readings/Ref: Textbook (Chapter 7);
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Assessment
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Assessment
MID-SEMESTER EXAM
• Motivate students to keep up with early chapters
(and not wait until before final exam to read them)
– Helps you be better prepared for project
• Multiple choice questions
• Help students know how they are going in terms of
understanding the material
• Take some weight of the final exam, so the final exam
does not have to be 60% (Now 45%).
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FINAL EXAM
• Comprehensive
– Course fits together well
– Main points, not minor points
• Opportunity to review
– Ask “what have I (or can I) learn from this
subject?”
– Without review, or putting it all together, we
don’t learn as deeply and we tend to forget
quickly
• Individual assessment as opposed to group
assessment of the project
• Format: combination of short essays
(explain concept) and medium essays
(discuss concept: explain and analyse a
concept or issue)
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Project summary
• Students will practice with and apply the brand strategy model and
methods to a real world brand of their choosing.
• This will be a team project (4-5 students).
• It will involve qualitative and quantitative research, and literature
review.
• Students will analyse the current brand strategy and recommend a
complete brand strategy plan.
• This course will present a model of how to understand, measure, and
manage customer-based brand equity. Student teams will apply this
to analyse the brand strategy of a brand of their choice.
• This project will help students learn the theory, will help students
understand how it is applied, and will help students acquire the skill
of how to do it. 35
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Brand Audit Project
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Brand Audit Project
3. Recommendations
• Suggest ways to improve and leverage brand equity
• Learn to analyze consumer data and not to rely only on your personal
preferences or perceptions
• Oral Presentation provides overview of your report
– Oral report length is about 25 minutes plus about 5 minutes of question and answer
time
– There is no written report
– Turn in a copy of your slides (which will have the key points)
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Project summary
4. Examples
• *Examples from prior semesters, available now on Blackboard
• Presentations slides
• Survey questionnaires
• Focus Group Moderator Guidelines
– A student from MKTG7502, Ms. Van Anh Le, wrote an independent study written
report that is a brand audit. This 52 page report, including her survey questionnaire
and focus group questionnaire, goes through the complete process of a brand audit,
including data analysis of 96 completed surveys.
• Video: How to conduct a focus group?
• See Rolex example, Brand Focus 8.0, page 315 of Keller textbook
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Team Selection
• Teams of 4 or 5
• Self-selection method
– By end of Week 2 class
• At end of Week 2 class
– Teams wanting more members raise their hand
– All who are still not in a team can join each other to form teams
• Must be in a team by end of Week 2
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How to form group on Blackboard
• Blackboard: Project groups
• Choose a group number not yet used
• Example, Tuesday Group 5
• Everyone on the team self-enrol in Brand Audit Project Group 27
• As soon as the group has chosen a brand, complete the Sign-up Sheet
(Brand name and 1 group member name).
– Tuesday session: https://docs.google.com/spreadsheets/d/1hoTZGKd3lO2yLtNdnj-
t93Qxhm24zKc2RCLelkVxPMQ/edit?usp=sharing
– Wednesday session:
https://docs.google.com/spreadsheets/d/1XlI0eYRDZzDGfFk4L_OvBhxUWsoh5d7GnnHLIGHaeW0/edit?usp
=sharing
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Brand selection hints
• Brand should not be too broad across multiple product categories (Sony), and not
too narrow (Google Keep)
• Should be a brand enough people have heard of for you to be able to conduct a
survey research (don’t have to have bought it, just have an impression of it)
– Ask yourself: could I survey the class on this brand?, how could I get at least 50
responses from people in class who have heard of this brand?
• Examples: Coca-Cola (or Diet Coke, or Coca-Cola Zero, but not all three), Pizza Hut,
Brisbane (tourism destination), Playstation 4, Xbox One, World of Warcraft
(entertainment software), Yoplait (yoghurt), Microsoft Windows (operating system),
Lady Gaga (singer), Apple iPhone, UQ Business School, Snapchat, Toyota, Facebook,
YouTube
• Keller examples: Google, Nigella Lawson, Unicef, Las Vegas
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CHOOSE A BRAND 44
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BRAND PEER
PRESENTATION
INVENTORY REVIEW
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New this semester, industry partner
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How to nominate to work with an industry partner
• First phase. Send the instructor an email by Friday at noon.
– List the team members, to show you have a full team
• 2 teams per class
• If too many teams nominate, teams to work with the industry partner will be selected at
random
• If not enough teams nominate, then I will post an announcement on Friday.
– This will be posted on Blackboard on Saturday noon, and announced in Week 2 class
• The industry partner will then be allocated on a ‘first come, first served’ basis
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Consultation Hours
• Claudia Gonzalez:
• Wednesdays 10-12pm
• c.gonzalez@business.uq.edu.au
• Room 411, Joyce Ackroyd (37)
• Come say hello
• If you have questions, come ask me
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Chapter 1
Intro to
Brands
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KEY QUESTIONS
1 What is a brand?
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How do we measure brands?
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LEARNING OBJECTIVES
Relevance Challenges and Opportunities
Summarize why brands Describe the main
are important branding challenges and
opportunities
Define Process
Define “brand,” state Identify the steps in the
how brand differs from strategic brand
a product, and explain management process
what brand equity is
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Weight Watchers
What are they seeling?
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KFC flavored nail polish – a brand too far?
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Brand Value
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Interbrand
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What is a brand?
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What is a brand?
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*Brands Reside in the Minds of Consumers
• *Ultimately a brand is something that
resides in the minds of consumers.
• The key to branding is that consumers
perceive differences among brands in
a product category.
– *Branding is about creating a
difference versus other brands
• Some brands create competitive
advantages with product
performance; other brands create
competitive advantages through non-
product-related means.
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Brand Equity
• Brand equity is the
differential effect that
brand knowledge has
on consumer response
to marketing activity.
• Consumers respond
more favourable to
marketing activities
when the brand is
identified compared
when it is not.
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Importance of Brands to Consumers
• Identification of the source of
the product
• Assignment of responsibility
to product maker
• Risk reducer
• Search cost reducer
• Promise, bond, or pact with
product maker
• Symbolic device
• Signal of quality
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Reducing the Risks in Product Decisions
Consumers may perceive many different types of risks in buying and consuming
a product:
• Functional risk—The product does not perform up to expectations.
• Physical risk—The product poses a threat to the physical well-being or
health of the user or others.
• Financial risk—The product is not worth the price paid.
• Social risk—The product results in embarrassment from others.
• Psychological risk—The product affects the mental well-being of the
user.
• Time risk—The failure of the product results in an opportunity cost of
finding another satisfactory product.
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Importance of Brands to Firms
To firms, brands represent enormously valuable pieces of legal
property, capable of influencing consumer behavior, being bought
and sold, and providing the security of sustained future revenues.
• Identification to simplify handling or tracing
• Legally protecting unique features
• Signal of quality level
• Endowing products with unique associations
• Source of competitive advantage
• Source of financial returns
• Allows investment in the brand
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x What is branded?
• Physical goods
• Services
• Retailers and distributors
• Online products and services
• People and organizations
– You are a brand!
• Sports, arts, and entertainment
• Geographic locations
• Ideas and causes
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Strategic brand management
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New Branding Challenges
• Brand management is more difficult than ever
– Increased competition
– Megacorporate global competitors (eg, Sony)
– Brand proliferation and clutter
– How to choose from among all the competing brands, in the stores or available over
the internet
– Decreased effectiveness of traditional marketing tools and emergence of new
marketing tools
• Broadcast TV audience down
• Ad clutter
• Skepticism towards ads
• Chaos of information in the web
• Social media marketing, search engine optimisation
• ‘fake news’ circulates, loss of respect for experts
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New Branding Challenges
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Challenge
In this difficult environment, marketers must have a
keen understanding of:
• customers
• Brands
• the relationship between the two
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Key Take Away Points
• A company’s management of a
brand is typically the determining
factor in the ultimate success or
failure of the brand
• Brands have differentiating features
that distinguish them from
competitors and add value for
consumers
• Consumers often don’t buy
products, they buy the images
associated with the products.
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Next Week
Lecture
• Read Chapter 2
– Don’t forget to read Chapter 1
• Form teams and then select a brand the team would like to study
– Hopefully by the end of next week at the latest
– You can ask me if that is a good brand to study
– I can alert you if there is another team studying that same brand
– Don’t get a late start in forming a team and choosing a brand
– Students not in teams by next class, will be put together into teams at the
end of the next class
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THANK YOU
See You Next Time
BUILDING ADDRESS
Room 417, Joyce Ackroyd Building, St. Lucia Campus
CONTACT HOURS
Wednesdays: 10am to 12
EMAIL
c.gonzalez@business.uq.edu.au
PROFILE
https://www.business.uq.edu.au/staff/claudia-gonzalez
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