Module I: Understanding Brand Anatomy Module I: Understanding Brand Anatomy • Understanding Strong Brand • Brand Positioning & Values • Brand Identity & Image Google Brand Building • Headquarters: Mountain View, Calif. • Brand established: 1998 • Sergey Brin and Larry Page :We believe that the brand identity that we have developed has significantly contributed to the success of our business • We also believe that maintaining and enhancing the Google brand is critical to expanding our base of users, advertisers and Google Network members • Excerpt from ‘The Google Story’: – – – – Simplicity & Focus Foresight WOM The Product • Corporate Information - Google Milestones Characteristics of Strong Brands • Understand brand meaning by marketing appropriate products and marketing products appropriately Disney Nike • Properly position brands • Visa • Diet Coke Characteristics of Strong Brands • Provide superior delivery of desired benefits • Starbucks • Ikea • Maintain innovation and relevance for the brand • Gillette • Nokia Characteristics of Strong Brands • Establish credibility and create appropriate brand personality and imagery • Apple • Virgin • Communicate with a consistent voice at one point in time and over time • Accenture • IBM Characteristics of Strong Brands • Employ full range of complementary brand elements and supporting marketing activities • Intel • Red Bull • Strategically design and implement a brand hierarchy and brand portfolio • BMW • Ford Four characteristics Difference Clarity Consistency Leadership Which do you prefer? Blind Diet Pepsi Diet Coke 51% 44% Which do you prefer? Blind Branded Diet Pepsi Diet Coke 51% 23% 44% 65% BRAND POSITIONING To Create Brand Equity Brand Knowledge Structures To Determine Brand Positioning *Brand Knowledge structures are based on Brand Image and Brand Awareness Brand Positioning • Define competitive frame of reference – Target market – Nature of competition • Define desired brand knowledge structures – Points-of-parity – Points-of-difference Point of Parity (POP) & Point of Difference (POD) POP & POD • Points-of-Parity-Shared brand values – Necessary – Competitive • Points-of-difference-unique brand values & Association – Desirable – Deliverable – Differentiating Identifying & Choosing POD • Desirable ( Customer Perspectives) – Personality Relevant – Distinctive & Superior – Believable & Credible • Deliverable ( Firm Perspectives) – Feasible – Profitable – Pre-emptive, defensive & Difficult to attack • Differentiating ( Competitive Perspectives) – Unique Brand Identity & Brand Image What is Brand Identity? Brand Identity is the unique set of brand associations that the brand strategist aspires to create or maintain. These associations represent what the brand stands for and imply a promise to customers for the organization members. Brand Identity (Kapferer’s Prism) Brand Identity Characteristics of Physical Representation: • objective characteristics of the brand • quick and easy visual recognition thanks to star products Characteristics of Personality: • this is the brand’s main intrinsic parameter, «what kind of person» it is • no personality = weakness Brand Personality: Brand Identity Characteristics of Culture: • a brand is a systemic values task force full of cultural power and heritage • a product’s legitimacy is embodied in the name of the brand and the culture it represents • (i.e. consumers behave a certain way thanks to the brand; the brand has created/encouraged a new form of behaviour/ «culture») Characteristics of Self-image: • brand as an internal mirror of its consumer i.e what the consumer think of himself. Brand Identity Characteristics of Reflection: • value that is bought by the consumer • this targets the consumers’ external image • Identification Model: shows consumers what they desire to be or own Characteristics of Relationship: • our consumption sustains a certain type of relationship with the organisation? Brand Identity Sources of Identity: • • • • • products name corporate graphics, symbolic logos geographical and historical roots publicity and advertising • ..\..\IBM_CLASS_2009\BRAND_VIDEO CLIPS\Audi Brand Film_vcd0.mpg BRAND IMAGE: the way of thinking by a consumer about the brand (MENTAL CONSTRUCTS) and the feelings the brand arouses when the consumer thinks about it • • • • • Life style Expectation Experience Disposition Differentiation ..\..\IBM_CLASS_2009\BRAND_VIDEO CLIPS\Ford- Businessline editor.mpg Thank You