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Branding 101 Strategize Your Product Branding Bandung. LOKALATE
Branding 101 Strategize Your Product Branding Bandung. LOKALATE
Brand
Promise
• Identification of source • Means of legally
of product protecting unique
• Assignment of features
responsibility to product • Signal of quality level to
maker satisfied customers
• Risk reducer • Means of endowing
• Transaction cost reducer products with unique
A GOOD
• Promise, bond, or pact associations
BRAND
with maker of products • Source of competitive
• Symbolic device advantage
• Signal of quality Brand • Source of financial returns
Positioning
CONSUMERS MANUFACTURERS
Why is Product Branding Important?
Brand Equity
Building Brand
Equity
Defending &
Leveraging
Brand Equity
Mind Share shows the strength of the brand in positioning itself in the
minds of customers in certain product categories.
Market Share shows the strength of the brand in the market and is
closely related to the buying behavior of customers.
Commitment Share shows the brand's power in encouraging customers
to repurchase in the future.
Brand Management Strategy
3. Measure and interpret brand performance
We can infer how far our consumers interacted with our brands with the
help of The Brand Relationship Chain (funnel).
Brand Management Strategy
4. Grow and sustain brand equity
To grow and sustain our brand equity, we must first consider the current
condition of the markets and our products with THE ANSOFF MATRIX.
Brand Management Strategy
3. Measure and interpret brand performance