What Is Brand Management?
What Is Brand Management?
Private-Label Brand
Example: Great Value BRAND
Also known as store brands or own A brand is an entity
brands, they are owned by retailers An item which is available for
with a powerful identity in the sale in the market is called a product.
market. It is a name, logo or symbol that the
They may refer to quality products company uses.
for low cost, "select" the quality or This is done so that the products
superior products. become easily identifiable in the
The sales every year of Walmart's marketplace amidst all other
"Great Value" private label products.
amounts to approximately $27 Example: Puma Logo Vs. Nike Logo
billion. A brand is what you want.
Example: Louis Vuitton
Brand vs. Products - Differences A brand can not be copied
PRODUCT A brand has a prominent identity
An item which is available for sale that cannot be duplicated.
in the market is called a product Customers build a brand over time.
Example: Sports shoes (Bike)
A product fulfils your need. (e.g. Customers are offered value by the
hand bags) brand. (Walmart)
A brand can only be experienced.
It is intangible. SPOKESPERSON
Brands remain forever URLs
Emotions of consumers are
targeted by brands. Brand Elements - Importance
To convince consumers, the focal 01 Brand Elements promote brand
point of all strategies is on awareness.
activating and generating an 02 They aid in the creation of strong,
emotional attraction. favourable, and unique brand
Brands act like magnets. associations.
The designing of a brand is done to 03 They improve positive brand
entice consumers. experiences and feelings.
Brands offer evaluation of products 04 They additionally provide a positive
so that consumers can trust. augmentation to the brand equity
which implies certain valued
Factors that contribute towards associations or responses.
building a Brand Ex. KFC
Uniqueness- Brands should be created
on an authentic ideas. Brand Elements- Selection Criteria
Example: Red Bull Memorable- Easily recognized and
Personality- It is necessary to exhibit easily recalled.
the personality of a brand. Meaningful- Detailed and
Ex. Louis Vuitton Persuasive
Reliability- A brand has to be Likable- Entertaining and engaging
dependable by having rich visuals and aesthetic
Ex. FedEx appeal
Presence- Having striking visibility and Transferable- In and across the
presence is what branding is about product categories and geographic
Ex. Tinder boundaries as well as Cultures.
Consistency- Engaging with consumers Adaptable- Flexible and easy to
is extremely crucial for the brand to upgrade or update
survive. Protectable- Legal and Competitive.
Ex. starbucks
Competitiveness- It's important for a Memorability- Brand elements that are
brand to deliver competitive value. unique and eye-catchy benefit in quick
Ex. Nike recall and recognition during purchase
or consumption.
Brand Elements -Introduction Meaningfulness
Brand elements, also known as brand Brand elements tend to take on any
identities, are trademarkable kind of meaning, with the help of
components that help in identifying and either descriptive or persuasive
differentiating the brand. content.
BRAND ELEMENTS: A brand element may convey one
BRAND NAME of the following:
LOGOS Generic information about the
CHARACTERS function of the product or service
SLOGANS -E.G. Grammarly App
PACKAGING
Explicit information about the Choose brand elements carefully
particular attributes and benefits of that can be legally protected on a
the brand-E.G. Cam Scanner App global level,
Likability- Formally register them with the
Irrespective of its memorability and appropriate legal entities, and
meaningfulness customers find a Vigorously defend trademarks from
few brand elements aesthetically unauthorized competitive
appealing which is due to the infringement.
likeable visuals, verbal content Example:
marketed and other ways. In 2018, Us-headquartered global coffee
Purchase of a brand depends on chain Starbucks sued SardarBuksh' a
the likability consumers have Delhi- based coffee chain with 25
towards it. outlets for using a similar sounding
Example: PUBG Puma foodpanda name and logo.