MALAYSIA Brand and Branding What is brand? Name, sign, symbol, intended to identify goods & services of one seller from another Branding is decommodification of product Brand identity Perspectives of Marketer Brand image Perspectives of Consumer SemII, 2013-2014 M M E
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Branding is an important tool for marketers to create separate identity for a companys product.
A brand is a name, term, sign, symbol, or design, or a combination of these that identifies the maker or seller of a product or services. -Phillip Kotler SemII, 2013-2014 M M E
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Need for BRANDING
To convey that you are established. To attract more clients. To increase your credibility. To be more memorable. To stand out in your field. To give clients a sense of stability.
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Benefits of Branding 1. Memorability 2. Loyalty. 3. Familiarity. 4. Premium price. 5. Creation of Goodwill 6. Lower marketing expenses. 7. For consumers, less risk. SemII, 2013-2014 M M E
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A rose by any other name would not smell as sweet Brand name provides an identity which differentiates Key marketing concept of positioning, imagery are centered around brand name SemII, 2013-2014 M M E
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Brand Symbol = Brand character+ Brand Logo Brand Looks = Brand Symbol + Brand Name Brand Association = Link up in memory with brands attributes, benefits and looks Brand Image = Brand Associations + Brand Personality ( brand personality is something to which the consumer can relate) Brand Relationship = Brand Image + Brand Attitude Product Brand SemII, 2013-2014 M M E
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Product Quality Product Features Guarantee / Warrantee Product Services 4 Ps of Marketing Various offers SemII, 2013-2014 M M E
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Product sale (Targeted Customer) Product price Product quality Advertisement Distribution channels Brand ambassador
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Customer loyalty Brand choice Financial returns Recognition & Trust SemII, 2013-2014 M M E
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Top brands of the year 2009 SemII, 2013-2014 M M E
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Exercise Archite cture Manage ment Attribu tes Products to brands Understanding Branding Brand Building SemII, 2013-2014 M M E
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Understanding Branding Brand Building Exercise Architecture Management Attributes Products to brands SemII, 2013-2014 M M E
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Understanding Branding Brand Building Exercise Architectur e Manage ment Attributes Prod ucts to bran ds Brand v/s. Product A brand is more distinctive than a product It is first of all a name, a means of identification Secondly it s a set of added values offering both functional and psychological benefits Above all a brand is a promise SemII, 2013-2014 M M E
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Understanding Branding Brand Building Exercise Architectur e Manage ment Attributes Prod ucts to bran ds A Brand is a Promise A sellers promise to deliver consistently a specific set of features, benefits and services to buyers. SemII, 2013-2014 M M E
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If Coca Cola lost everything except for the formula and its brand name , it could walk into any bank in the world and get $100 billion loan to start from the scratch Fortune Magazine SemII, 2013-2014 M M E
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Understanding Branding Brand Building Exercise Archite cture Manage ment Attribu tes Products to brands Name Logo Colours Essence SemII, 2013-2014 M M E
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A brands logotype should be designed to fit the eyes.
Immutable Law of Shape SemII, 2013-2014 M M E
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Understanding Branding Brand Building Exercise Architectur e Manage ment Attrib utes Product s to brands Name Logo Colours Essence Brand Logo Simple Mercedes three star Logos with a horizontal bias Logo with a horizontal bias is esp. useful for retail brands Logo font has to be clear and legible A housewife does not buy Ariel because it is written in a specific font SemII, 2013-2014 M M E
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The Cola Wars: Energy Vs. Peace
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Understanding Branding Brand Building Exercise Architectur e Manage ment Attrib utes Product s to brands Name Logo Colours Essence Brand Colours Colours have meanings Purple means royalty Red is energetic Blue is peaceful Opposite colours can differentiate Coke is red, Pepsi is blue Kodak is yellow, Fuji is green SemII, 2013-2014 M M E
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Understanding Branding Brand Building Exercise Architectur e Manage ment Attrib utes Product s to brands Name Logo Colours Essence Brand Colours.. Colours can help you stand out FedExs orange and purple packet stands out in corporate blue Logo and colours help, but the power of the brand Essentially in the meaning of the brand name in consumers mind, its essence SemII, 2013-2014 M M E
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Attribut es Understanding Branding Brand Building Exercise Archite cture Products to brands Manage ment Manage ment Co-Brand Stealth Brand Fighting Brand Multi-Brand SemII, 2013-2014 M M E
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Brand culture (accepted truth about product) can greatly enhance brand value Difference between what a consumer will pay for branded product and a physically identical product without brand Reputational value perceived product quality Relationship value trusted as a long term partner Experiential value Shape experience of product Symbolic value which expresses values & identities SemII, 2013-2014 M M E