Browse Online MBA Management Theory Handbook
Fortify means to strengthen. The top management has the responsibility of strengthening its brand. Brands names have longer life spans compared to the products that are sold. It is because products are improved periodically and thus change, but brand names remain the same for years and years.
What are strengths and weaknesses of Brands? They are related to certain brand concepts and principles.
Strong Brand
A strong brand has strong attributes, values and personality that the consumers associate with the brand. A strong brand always delivers the benefits that customers truly desire as per its promise. A strong brand makes use of and coordinates full range of marketing activities to build equity. A strong brand has the right blend of product quality, design, features, costs and prices. A strong brand is properly positioned and occupies a particular niche in consumers minds. A strong brand has consumers who willingly pay a substantial and consistent premium price for the brand versus a competing product and service.
Brand Relevance
_______________________
_______________________
What are strengths and weaknesses of Brands? They are related to certain brand concepts and principles.
Strong Brand
A strong brand has strong attributes, values and personality that the consumers associate with the brand. A strong brand always delivers the benefits that customers truly desire as per its promise. A strong brand makes use of and coordinates full range of marketing activities to build equity. A strong brand has the right blend of product quality, design, features, costs and prices. A strong brand is properly positioned and occupies a particular niche in consumers minds. A strong brand has consumers who willingly pay a substantial and consistent premium price for the brand versus a competing product and service.
Brand Relevance
_______________________
_______________________
Berkeley-Haas
Strong Brand
_______________________
_______________________
BiteSize Business School
20 Principles that Drive Brand Success
_______________________
_______________________
What Great Brands Do, Seven Brand Building Principles That Separate the Best from the Rest
Concordia University Irvine
_______________________
_______________________
Fortification is based on the diagnosis of the brand now.
Diagnosis for Your Brand
https://blog.kissmetrics.com/conducting-a-brand-audit/
https://brandascension.com/brand-dna/brand-assessment/
http://www.nielsen.com/cn/en/solutions/capabilities/brand-equity-tracking-and-performance-diagnosis.html
What products does the brand represent?
What needs does it satisfy
What benefits does it supply
How does the brand makes the product superior?
What strong, favorable and unique associations exist in customers' minds?
Innovations are required in product design, manufacture and merchandizing.
Relevance in User and Usage Imaginery
Consistent marketing support
Continuity in brand meaning
Protecting sources of brand equity
Surplus of Fortification over Leverage to grow Brand Strength
Strong Brand
_______________________
_______________________
BiteSize Business School
20 Principles that Drive Brand Success
_______________________
_______________________
What Great Brands Do, Seven Brand Building Principles That Separate the Best from the Rest
Concordia University Irvine
_______________________
_______________________
Fortification is based on the diagnosis of the brand now.
Diagnosis for Your Brand
https://blog.kissmetrics.com/conducting-a-brand-audit/
https://brandascension.com/brand-dna/brand-assessment/
http://www.nielsen.com/cn/en/solutions/capabilities/brand-equity-tracking-and-performance-diagnosis.html
Brand Fortification Strategies
Brand Awareness Related
What products does the brand represent?
What needs does it satisfy
What benefits does it supply
Brand Image Related
How does the brand makes the product superior?
What strong, favorable and unique associations exist in customers' minds?
Actions by the company
Innovations are required in product design, manufacture and merchandizing.
Relevance in User and Usage Imaginery
In more detail
Consistent marketing support
Continuity in brand meaning
Protecting sources of brand equity
Surplus of Fortification over Leverage to grow Brand Strength
This article is part of #AtoZChallenge 2017 for Blogging Posts. My Theme for the Challenge is Top Management Challenges - Full List of Articles http://nraomtr.blogspot.com/2016/12/a-to-z-2017-blogging-challenge-top.html
Happy to notice 100 page views in an hour today. Then I noticed that this article now comes at the top in searches.
ReplyDelete