Brand awareness refers to a customer's ability to recognize or recall a brand and is important for purchasing decisions. Brand recognition is when a customer can identify a brand they have seen before, while brand recall is instantly remembering a brand's name without any prompts. Keller's Brand Equity Model outlines four steps to build brand equity: brand identity, brand meaning, brand response, and brand resonance, with the goal of creating a deep psychological connection between customers and the brand.
Brand awareness refers to a customer's ability to recognize or recall a brand and is important for purchasing decisions. Brand recognition is when a customer can identify a brand they have seen before, while brand recall is instantly remembering a brand's name without any prompts. Keller's Brand Equity Model outlines four steps to build brand equity: brand identity, brand meaning, brand response, and brand resonance, with the goal of creating a deep psychological connection between customers and the brand.
Brand awareness refers to a customer's ability to recognize or recall a brand and is important for purchasing decisions. Brand recognition is when a customer can identify a brand they have seen before, while brand recall is instantly remembering a brand's name without any prompts. Keller's Brand Equity Model outlines four steps to build brand equity: brand identity, brand meaning, brand response, and brand resonance, with the goal of creating a deep psychological connection between customers and the brand.
to recall or recognize a brand. Brand awareness is a key consideration in consumer behavior, advertising management, brand management and strategy development. The consumer's ability to recognize or recall a brand is central to purchasing decision- making. Purchasing cannot proceed unless a consumer is first aware of a product category and a brand within that category. Awareness does not necessarily mean that the consumer must be able to recall a specific brand name, but he or she must be able to recall sufficient distinguishing features for purchasing to proceed. What is brand recognition?
Brand recognition is the ability of consumer
to recognize prior knowledge of brand when they are asked questions about that brand or when they are shown that specific brand, i.e., the consumers can clearly differentiate the brand as having being earlier noticed or heard. What is brand recall?
Brand Recall is the degree or likelihood of
instantly remembering the name of the brand if a product/service or any other kind of brand association comes up. Brand Recall can be aided or unaided. Dominant-Strong brand dominance is evident when consumers can only recall the name of a single brand in an industry. Eg. when ever asked about ‘glucose biscuit’ Parle-G is the name that comes to our mind.
Top of mind-When you are asked to name a product from a
specific category, which one comes to the top of your mind first? When you think of a certain product “off the top of your head,” that is top-of-mind awareness Unaided awareness-A measure of the number of people who express knowledge of a brand or product without prompting or giving any hint (brand recall).
Aided awareness-A measure of the number of people who
express knowledge of a brand or product when prompted or given any hint.
Unaware of the brand-A measure of the number of people
who are not aware about the brand and don’t have any knowledge that a particular brand is there in the market. Building brand awareness is essential for building brand equity. It includes use of various renowned channels of promotion such as advertising, word of mouth publicity, social media like blogs, sponsorships, launching events, etc. To create brand awareness, it is important to create reliable brand image, slogans and taglines. The brand message to be communicated should also be consistent. Strong brand awareness leads to high sales and high market share. Brand awareness can be regarded as a means through which consumers become acquainted and familiar with a brand and recognize that brand. Brand image is the current view of the customers about a brand.
It can be defined as a unique bundle of associations
within the minds of target customers. It signifies what the brand presently stands for.
It is a set of beliefs held about a specific brand.
In short, it is nothing but the consumers’ perception
about the product. It is the manner in which a specific brand is positioned in the market. Brand image conveys emotional value and not just a mental image.
Brand image is nothing but an organization’s character. It
is an accumulation of contact and observation by people external to an organization.
The main elements of positive brand image are- unique
logo reflecting organization’s image, slogan describing organization’s business in brief and brand identifier supporting the key values. The idea behind brand image is that the consumer is not purchasing just the product/service but also the image associated with that product/service.
Brand images should be positive, unique and instant.
It can be strengthened using brand communications like
advertising, packaging, word of mouth publicity, other promotional tools, etc.
It develops and conveys the product’s character in a
unique manner different from its competitor’s image. Brand image is not to be created, but is automatically formed.
It includes products' appeal, ease of use, functionality,
fame, and overall value.
Positive brand image enhances the goodwill and brand
value of an organization.
To sum up, “Brand image” is the customer’s net extract
from the brand. Keller's Brand Equity Model is also known as the Customer- Based Brand Equity (CBBE) Model.
Kevin Lane Keller, a marketing professor at the Tuck
School of Business at Dartmouth College, developed the model.
The concept behind the Brand Equity Model is simple: in
order to build a strong brand, companies must shape how customers think and feel about their product. Companies have to build the right type of experiences around their brand, so that customers have specific, positive thoughts, feelings, beliefs, opinions, and perceptions about it. The four steps of the pyramid represent four fundamental questions that the customers will ask – often subconsciously – about the brand.
The four steps contain six building blocks that must be in
place for the company to reach the top of the pyramid, and to develop a successful brand.
Let's look at each step and building block in detail, and
discuss how a company can apply the framework and strengthen its brand. Step 1: Brand Identity – Who Are You?
In this first step, The goal is to create "brand salience," or
awareness – in other words, the company needs to make sure that their brand stands out, and that customers recognize it and are aware of it.
The company is not just creating brand identity and
awareness here; but also trying to ensure that brand perceptions are "correct" at key stages of the buying process. Step 2: Brand Meaning – What Are You?
The goal in step two is to identify and communicate what
the brand means, and what it stands for. The two building blocks in this step are: "performance" and "imagery.“
"Performance" defines how well the product meets the
customers' needs. According to the model, performance consists of five categories: primary characteristics and features; product reliability, durability, and serviceability; service effectiveness, efficiency, and empathy; style and design; and price. Imagery" refers to how well your brand meets your customers' needs on a social and psychological level. Your brand can meet these needs directly, from a customer's own experiences with a product; or indirectly, with targeted marketing, or with word of mouth. Step 3: Brand Response – What Do I Think, or Feel, About You?
The customers' responses to the brand fall into two
categories: "judgments" and "feelings." These are the two building blocks in this step. The customers constantly make judgments about your brand and these fall into four key categories: Quality: Customers judge a product or brand based on its actual and perceived quality. Credibility: Customers judge credibility using three dimensions – expertise (which includes innovation), trustworthiness, and likability. Consideration: Customers judge how relevant your product is to their unique needs. Superiority: Customers assess how superior your brand is, compared with your competitors' brands.
Customers also respond to the brand according to how it
makes them feel. The brand can evoke feelings directly, but they also respond emotionally to how a brand makes them feel about themselves. According to the model, there are six positive brand feelings: warmth, fun, excitement, security, social approval, and self-respect. Step 4: Brand Resonance – How Much of a Connection Would I Like to Have With You?
Brand "resonance" sits at the top of the brand equity
pyramid because it's the most difficult – and the most desirable – level to reach. The company has achieved brand resonance when the customers feel a deep, psychological bond with the brand. Keller breaks resonance down into four categories: Behavioral loyalty: This includes regular, repeat purchases.
Attitudinal attachment: Your customers love the brand or
the product, and they see it as a special purchase.
Sense of community: The customers feel a sense of
community with people associated with the brand, including other consumers and company representatives.
Active engagement: This is the strongest example of brand
loyalty. Customers are actively engaged with the brand, even when they are not purchasing it or consuming it.