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MKTG3512 Brand Management 2022 23 Sem 2 Week 7 Notes PDF
MKTG3512 Brand Management 2022 23 Sem 2 Week 7 Notes PDF
MKTG3512
Brand
Management 2nd Semester 2022-23
Week 7
Chapter 6
Brand Value Chain
Model
Brand Resonance
Marketing
Model
Activity
Customer
Mind-set
Market
Performance
Brand positioning
model Shareholde
Points-of- r Value
Parity
Points-of-
Differences
PORSCHE
INTEGRATED
MARKETING
STRATEGY:
EVENTS+
INFLUENCERS +
SOCIAL + VIDEO
PORSCHE POP-UP STORE IN NEW YORK
+ RADIO
Describe some of the changes in the new media
environment
inform persuade
Brand
remind
POP & POD Marketing connection
associations Communication and
resonance
▪ brand
equity
Brand
judgments
& feelings
▪
▪
Source: Statista, 2021
▪
▪ efficient effective
▪ careful planning creative knack
Must-steps for
Persuasion
through
communication
▪
▪
▪
brand
associations positive
judgments feelings
▪
Television Radio Print
Direct
Place
Response
Disadvantages
• Due to the fleeting nature of
the message, consumers can
overlook product-related
Advantages
messages and the brand
• Effective means of itself.
vividly demonstrating
• Large number of ads and
product attributes and
non-programming material
persuasively explaining
on television creates clutter
their corresponding
that makes it easy for
consumer benefits.
consumers to ignore or
forget ads.
• Compelling means for
dramatically • Large number of channels
portraying user and creates fragmentation;
usage imagery, brand widespread existence of
personality, emotions, digital video recorders gives
and other brand viewers the means to skip
intangibles. commercials.
•
• proper positioning
• creative strategy
•
Advantages
• Is flexible and stations are highly
targeted.
• Ads are relatively inexpensive
to produce and place.
• Effective medium in the morning
and can effectively complement
or reinforce TV ads. Disadvantage
• Enables companies to achieve a • Lack of visual image.
balance between broad and
localized market coverage. • Relatively passive nature of
consumer processing.
▪
•
•
•
•
▪
• information
• user
usage imagery
• timely pervasive
▪
• Poor reproduction quality short shelf life
▪
•
▪
•
relationships
• explain new
developments
•
feedback
•
•
•
• Precision marketing
•
•
• precise captive cost-
effective engaging
• enhancing awareness reinforcing
existing brand associations
Guidelines
• As the audience must process out-
of-home ads quickly, the message
must be simple and direct.
• Marketers must stress on creative
means of placing the brand in front
of consumers.
Consumer
• encourage trial Promotions
• Trade
Promotions
•
•
Disadvantages
▪ • Decreased brand loyalty and
different prices increased brand switching
price sensitivity • Decreased quality perceptions, and
▪ sense of urgency increased price sensitivity
• Inhibit the use of franchise
• Divert marketing funds sales
▪ actual promotion
product experience • Increase the importance of price as a
▪ maintain full factor in consumer decisions
stocks support manufacturer’s • May subsidize buyers who would
merchandising efforts have bought the brand anyway
• change the choices quantity ◼ Customer franchise building
timing promotions can affect brand loyalty.
◼ Marketers evaluate sales promotions
•
by their ability to contribute to brand
• Customer franchise equity and generate sales.
samples
demonstrations educational
material
• Noncustomer franchise
price-off packs
premiums sweepstakes refund
offers
slotting allowances
point-of-purchase
▪ Financial incentives displays
channel members contests
dealer incentives
training programs
trade shows
cooperative
advertising.
▪ secure
shelf space
achieve more
prominence
▪
▪
▪
▪
▪
▪
▪
▪
▪
▪
Relevance
Guidelines Guidelines
1.
2.Designing sponsorship
programs
✓ marketing ✓ Sponsor should strategically identify itself at
objectives communication strategy an event through banners, signs, and
programs.
✓ awareness
✓ desired image
3.Measuring sponsorship
✓ desired effects activities
the target market ✓ Supply-side method - Focuses on
✓ potential exposure to the brand by
assessing the extent of media coverage.
✓ Unique ✓ Demand-side method - Focuses on
reported exposure from consumers.
▪
▪ Geo-targeting
▪ Opt-in
2007-2022
x1,383
2010-2019
x273
▪ indispensable
•
•
•
•
• Choosing the best set of marketing communication options
and managing the relationships between them.
Using IMC
Choice
Criteria
Coverage Contribution Commonality
•
•
•
•
• Communication conformability
• Consumer conformability
•
Evaluating Communication Options