branding

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Slide 1: 

BRANDING

SESSION 07 : 

SESSION 07 BRANDING

LEARNING AGENDA : 

LEARNING AGENDA Brand as a Concept Value & Significance of Brand Types of Brands Brand Equity Brand Strategy Decisions Packaging & Labeling Universal Product Codes

BRAND AS A CONCEPT : 

BRAND AS A CONCEPT A brand is a name, term, sign, symbol, or design which is intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors.

Brand Conveys the Following : 

Brand Conveys the Following Attributes Benefits Values Culture Personality User

BRAND EQUITY : 

BRAND EQUITY It is the combination of the assets and liabilities associated with a brand that enhances or depreciates the values of the brand.

Some Facts… : 

Some Facts… The brand offers more than what the customer expects. The brand stays associative. Customer’s value proposition dictates the pricing of the brand. Right positioning of the brand. The brand maintains consistency.

Contd… : 

Contd… The portfolio of brands are well maintained The firm utilizes all its brand equity to build a brand equity. The firm knows what a brand means to its customers The brand is properly supported for a long period of time. Company checks for brand performance from time to time.

Selection of a brand name : 

Selection of a brand name

Selecting a brand name : 

Selecting a brand name Communicating the functions Communicating the specialty of product Use of acronym Use of the company name

Brand Sponsorship : 

Brand Sponsorship

BRAND STRATEGY DECISION : 

BRAND STRATEGY DECISION Line extension Brand extension Brand rejuvenation Brand relaunch Brand proliferation Multi brands New brand names Co brand

PACKAGING : 

PACKAGING

LABELING : 

LABELING

UNIVERSAL PRODUCT CODES : 

UNIVERSAL PRODUCT CODES