Within the travel industry, for example, companies such as InterContinental Hotels Group and Royal Caribbean Cruises have both extended their reach to manage the customer experience on partner sites with a very high degree of success. In each instance, their efforts have resulted in an improvement in the customer experience conducive to attracting, converting, and retaining customers- ultimately improving market share and generating millions of dollars in incremental revenue (Lasswell, 2010).
4. Describe the process of profiling a consumer's brand knowledge
Companies that understand this and are willing to be consistent and committed partners with their customers, naturally develop long-term customer relationships. Those who choose to view their products as only part of a needs-fulfillment transaction will tend to turn their products into commodities (Bergsman, 2000).
Defining and managing relationships with customers are what strong brands are all about. People purchase products from those brands that reflect their views, goals, and emotional temperaments. We want to be with people who reflect our values and our interests. We want to buy brands that do that, too. You may drink Starbucks because you think of yourself as sophisticated in terms of coffee taste and selection; someone else drives a Saab because of his self-image as an independent thinker, and yet another shops at Nordstrom because she believes she deserves a high level of service when buying clothes (Baum, 1995; Lancaster, 1979).
The more a company's actions and communications reflect its underlying brand strengths, the more integrated the brand (Lancaster, 1979). Integrated means that everything is in line: a product's industrial design, the way the phone is answered or email responded to, the quality of paper of a direct mail piece, and even the not-for-profit organizations to which it donates. All actions deepen the relationship with the customer.
Many companies don't understand the integrated brand concept. This means that they may place more emphasis on their graphic identity or name than they do on relating to customers. Working Woman magazine, for instance, decided that it needed to protect its trademark vigorously from Lisa Kohl, a small business owner who promotes women's and other selected businesses in the Sacramento, California, area. Ms. Kohl had been operating a web site with the domain name workingwoman.com for two years. From Kohl's point-of-view, Working Woman "isn't living up to its ideals," because the magazine's actions had made her feel that "she and other women are an expendable portion of the magazine's business." Working Woman editor Bernadette Grey argued that the company had to protect its trademarked name, stating, "The brand we built is everything" (Bollen, 1989; Wyckoff & Earl, 2003). Although this situation put the magazine in a very tough position -- brand trademarks are one of the most valuable brand assets -- the brand should never be a detriment to the customer (Bergsman, 2000; Swartz, 2005).
Bringing Brand to Consciousness
There is one more concept that is crucial to practicing integrated branding -- conscious brand action. Using marketing communications to drive brand is a type of unconscious branding because it is not based on underlying brand strengths. However, using the integrated branding tools of organization and brand drivers to direct the brand brings branding up to a conscious level (Bolton, 1998).
In the Integrated Brand Model, brand drives company actions. Company actions are then communicated to customers. Understanding and using company, product, or service drivers throughout the organization focus employees on brand strengths. When executed properly, brand can be transformational -- permanently enhancing the way each employee represents a company and its products. The result of this transformation is a long-term series of consistent, high-quality brand experiences with each customer or prospect. An integrated approach to branding that focuses on both internal strengths and customer beliefs unearths the core of what makes a company and product unique and translates those strengths to employees and customers in an honest and consistent manner (Duncan, et al. 1998). The clarity of purpose this approach brings to management teams also allows companies to shift gears to meet the needs of rapidly changing markets.
5. Discuss how to introduce and name new products
Effective brand marketing starts with a strong naming strategy. That's the central premise of brand-based naming. Often, brand-based names reflect a literal promise of the brand: Peerless Coffee, Everready Batteries, Arrid deodorant, and Excite Inc. search engine. Other times, they merely evoke the brand promise; Atta Cat food, for example, evokes the energy your animal will obtain as a result of eating the product (Alpert, 2005; Lewis, 2009).
But naming is getting more difficult, especially naming based on meaning. Trademark registrations for computer hardware...
Brand Equity Measurement Consumer perceptions extensively influence and manipulate their purchasing behavior. Service and goods companies identify the significance of marketing strategies in influencing consumer behavior. All brands that attract high profits have desirable loyalty levels among customers. Customers tend to have a high level of perception of quality of goods and services that dominate markets in different industries. The power that emanates from consumers' goodwill and recognition of a brand,
The fur aspects of loyalty, perceived quality, identity of the brand and awareness all must be unified at the operational level of a business (Aaker, 1996). Who a company really is gets communicated in its millions of customer interactions daily. With the pervasive adoption of social media, there is an exceptionally high level of transparency today. This is seen in the Dave Carroll episode of the broken guitar (Perkins,
Brand Equity and Customer Purchasing Behavior Taking into account the numerous modifications witnessed in the marketing milieu- viz. The accessibility to plethora of knowledge through various electronic devices, the emergence of modern methods of buying, the ability of the companies to use technology to target consumer more specifically, getting a feel of customer tendencies is still more difficult. Purchasing activities is the sequence of choice and actions of individuals occupied
Advertising and Promotion1 Advertising in the 21st CenturyThe 21st century is the Digital Age, the age that marked the shift from legacy media to new media. Advertisers have thus focused more and more on digital media, social media, and �clicks� than on the power of print media or traditional commercials on TV. The reason for this shift is that more people now use their mobile devices for browsing the Internet,
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