Strategic brand management involves identifying brand positioning and values, planning marketing programs, measuring performance, and sustaining equity over time; this includes establishing competitive differentiation, developing brand associations, integrating activities, and adapting the brand strategy across regions and segments. The goal is to build strong, favorable brand images in consumers' minds through marketing investments that increase brand awareness and preference.
Strategic brand management involves identifying brand positioning and values, planning marketing programs, measuring performance, and sustaining equity over time; this includes establishing competitive differentiation, developing brand associations, integrating activities, and adapting the brand strategy across regions and segments. The goal is to build strong, favorable brand images in consumers' minds through marketing investments that increase brand awareness and preference.
Strategic brand management involves identifying brand positioning and values, planning marketing programs, measuring performance, and sustaining equity over time; this includes establishing competitive differentiation, developing brand associations, integrating activities, and adapting the brand strategy across regions and segments. The goal is to build strong, favorable brand images in consumers' minds through marketing investments that increase brand awareness and preference.
Strategic brand management involves identifying brand positioning and values, planning marketing programs, measuring performance, and sustaining equity over time; this includes establishing competitive differentiation, developing brand associations, integrating activities, and adapting the brand strategy across regions and segments. The goal is to build strong, favorable brand images in consumers' minds through marketing investments that increase brand awareness and preference.
Management Process • Involves the design and the implementation of marketing programs and activities to build, measure and manage equity. Process • 1.Identifying and establishing brand positioning and values • 2. Planning and implementing brand marketing programs • 3. Measuring and interpreting brand performance • 4. Growing and sustaining brand equity Identifying and establishing brand positioning and values
• The process starts with a clear understanding of
what the brand is to represent and how it should be positioned with respect to competitors POD and POP example • Competitive brand positioning is all about creating superiority in the minds of consumers • Fundamental positioning convinces consumers of the advantages or point of difference a brand has over competitors while at the same time lessen concerns about any possible disadvantages e.g 99% germ free. Mental map • Is a visual depiction of the different types of associations linked to the brand in the minds of consumer. Mental map starbucks IKEA brand association Core brand associations • Are the subsets of associations ( attributes and benefits) that best characterize a brand. Brand mantra • Is also known as brand essence or core brand promise. • A brand mantra is a short three- to –five-word expression. • For e.g., McDonald – Food , Folks and Fun Planning & implementing Brand Marketing Programs. • Mixing and matching brand elements • Integrating brand marketing activities • Leveraging secondary associations Choosing brand elements Nimbooz – “The Asli Indian” Soft drink • India’s favorite summer drink- Nimbu pani • Pepsico wanted to juice up its category growth , beverage • Under its umbrella brand 7up • Indians don’t mind drinking even from roadside vendors even if it’s a serious health issue • This one point goes in favor of Pepsico • Packed non- carbonated lemon drink • For mass market Brand element • The brand name – Nimbooz – from Nimboo • Attractive packaging • Visual emphasis fresh lemon • Use of colours – yellow and green that associate with freshness • Wooden lemon squeezer to give the feel Integrating the brand into marketing activities and the supporting marketing programme • Biggest contributors come from marketing activities related to the brand. • Marketing programs create strong, favorable and unique brand associates in a variety of way • Primary means that a firms build brand equity. • Successful brands often create strong , favorable and unique brand associations to both functional and symbolic benefits • The biggest contribution comes from marketing activities related to the brand. • Marketing programs can create strong , favorable and unique brand associations in a variety of ways. • New developments in designing marketing programs as well as issues in product strategy, pricing strategy and channel strategy BIG Bazaar – Sabse Sasta Din • If American's had P&G --- EDLP ( Everyday Low pricing ) = India would BIG Bazaar – Sabse Sasta Din • Big Bazaar is a part of Future group, India’s biggest retail parent company that includes multiple formats and countless product categories Concept • Big days • Huge discount • Ensure that there is something for everyone in the family. • Clustered together on weekends along with national holidays. • Three to four times a year • Special offers are created on consumer insights • Consumers are always looking for the best value for money deals. • Big days --- great opportunity----- attracts new customers---- could become regular customers Planning • Six months in advance • Supported by multiple full – page newspaper advertising. For the brand • The hype and excitement created around the BIG DAYS have helped Big bazaar to consolidate its intended positioning as the best value shopping destination. Address issues in communication strategy • Multiple media options/ fragmentation • New media
• ( Think of an ad which has left an impact and
addressed issues through communication strategy ) Can you recall this ad Naukri.com • India’s no 1 job site • Flagship brand of info edge. • Jeevansathi.com • 99 acres.com • Shiksha.com • Firstnaukri.com • Naukrigulf.com Effective advertising works
“HARI SADU "
• H For Hitler • A For Arrogant • R For Rascal • I For Idiot The brand naukri.com • Built through some effective advertising and good product • Insights that people don’t quit jobs , they quit their boss • Ad evolved intelligent stance --- resonated very well with educated young job seekers • increase the resumes recd by naukri.com • Brand had a huge recall and recognition • Won some of the most coveted awards – Asia pacific Effie award Market-backed insight • The insight of using difficult bosses in its commercials came from the finding that 90 per cent of people leave their jobs because of their bosses. “Which is why Hari Sadu has become synonymous with unreasonable bosses,” Leveraging secondary associations • The third and final way to build brand equity is to leverage secondary associations • Brand associations may themselves be linked other entities such as • Branding strategies • Countries or geographical/ product origin • Character ( through brand licensing) • Sporting or cultural events ( sponsorship) • Spokesperson • Co- branding • In the essence, the marketer is borrowing or leveraging some other associations for the brand’s own and thus help to build its brand equity • Incredible India • Disney • Intel Measuring and Interpreting brand performance • The task of determining or evaluating a brand’s positioning often benefits from brand audit. • Brand audit • Brand value chain • Brand equity measurement system • Brand tracking Brand audit • A brand audit is a comprehensive examination of a brand to assess its health, uncover its sources of equity and suggest ways to improve and leverage that equity Brand value chain • Means to trace the value creation process for brands to better understand the financial impact of brand marketing expenditure and investment Brand equity measurement system • A set of research procedures designed to provide timely , accurate and actionable information for marketers so that can make the best possible tactical decisions in the short run and the best strategic decisions in the long run Dabur India’s Branding challenges • 137 years ago • Started with humble background • The name Da from Daktar (Dr.) and bur from S.K. Burman • Kept an eye on the new generation of customers with a range of products to cater to modern lifestyle while ensuring not to alienate earlier generation and loyalists • Innovation driven by research • 1980 – underwent a makeover • Logo was replaced by a colorful younger tree • Research showed consumers found it difficult to distinguish corporate brand to master brand. • The positioning was unclear • Decided to shed umbrella branding • Merged two major SBU ( strategic business unit) • Family product division &Healthcare products division into one • Operation into CHD & ASL ( Ayurvedic specialties Limited) Acquisition & Stand alone • Acquired FEM in 2009 to strengthen its brand position • Gulabari • Vatika • Real • Hajmola Growing and sustaining brand equity • Defining the brand strategy • Managing brand equity overtime • Managing brand equity over geographic boundaries , culture and market segments Defining the brand strategy • Brand product matrix • Brand hierarchy • Brand portfolio Brand product matrix Brand hierarchy
• A brand hierarchy is a means of summarizing the branding
strategy by displaying the number and nature of common and distinctive brand elements across the firm's products, revealing the explicit ordering of brand elements. • There are different ways to define brand elements and levels of the hierarchy. Perhaps the simplest representation of possible brand elements and thus potential levels of a brand hierarchy— from top to bottom—might be as follows Corporate Brand ( Maruti Suzuki) Range Brand (Swift) Individual Brand ( Swift D’zire) Modifier ( Swift D’zire Regal) Brand portfolio PL remember this… SONY brand portfolio/ architecture Managing brand equity overtime
• Long time view of marketing decisions
• Revitalizing the brand- Santoor (Brand revitalization is a strategical process initiated for improving the existing product, process or brand to meet the changing demands and requirements of the consumers in the evolving market. E.g., Lacoste) • Repositioning the brand- Milkmaid (any brand can you recollect which is repositioned) Managing brand equity over geographic boundaries , culture and market segments
• Global branding (standardization versus
customization and developing versus developed.) • Globalization (Creating global brands like Nike, Apple, HP, Dell, Sony etc.) • E.g., Mc Donald's ads in various countries I understood SBM what about YOU?