Learning Outcome •Students can show components forming emotional branding Bina Nusantara Material Outline • • • • Brand extension strategy Co-branding 10 commandments of emotional branding A sense of strategy Bina Nusantara Brand Extension • The Range Brand Scope: – The purpose is to develop a vision of the ultimate identity that the brand will possess , and – The product lines that the brand will support – When selecting business areas, a firm needs to assess its ability to make the product, – The intensity of competition, price pressures and market trends – The brand identity needs to provide a value proposition or basis for relationship in the product class being considered – The product needs to fit and reinforce the identity Bina Nusantara Brand Extension • Product Line Identities – Brand will be applied to several product lines – Each product line will have its own product line identity – To compete in a product class setting will require additional associations – Ex. Calvin Klein, Kraft, Honda, Toyota • Dynamic Vision: – What is the ultimate brand identity? – How should the brand evolve toward the identity? Bina Nusantara Co-branding • A brand can also be leveraged by entering another product class, not by a brand extension, but by cobranding. • Composite brands: – A bundling of two brands to provide an enhanced consumer benefit or reduced cost. – Ex. MasterCard, SonyEricsson • Challenges in doing cobranding: – Finding the right fit – Solving the implementation problems of two organization – Different system and cultures Bina Nusantara 10 Commandments of Emotional Branding • From consumers to people: consumers buy, people live. • From product to experience: product fulfills needs, experience fulfills desires. Capturing consumer’s imagination • From honesty to trust: honesty is expected. Trust is engaging and intimate. It needs to be earned. • From quality to preference: quality for the right price is a given today, preference creates the sale. Preference toward a brand is the real connection with consumers • From notoriety to aspiration: Bina Nusantara 10 Commandments of Emotional Branding • From identity to personality: identity is recognition. Personality is about character and charisma. Brand personality has a charismatic character that provokes an emotional response. • From function to feel: the functionality of a product is about practical or superficial qualities only. Sensorial design is about experiences. • From ubiquity to presence: emotional presence is felt. Brand presence can have quite an impact on the consumer. • From communication to dialogue: communication is telling, dialogue is sharing. • From service to relationship: service is selling. Relationship is acknowledgement. Bina Nusantara A Sense of Strategy • Sensory appeals can create that consumer preference that distinguishes a brand amidst a sea of competing commodities • In the experiential view, the consequences of consumption appear in the fun that a consumer derives from a product • Every product has symbolic qualities, many of which are conveyed through sensory associations • To select appropriate symbols, marketers must be aware of the current trends and fads of their target market Bina Nusantara A Sense of Strategy • Sensory elements can provide a fertile and imaginative shopping experience for consumers • The stream of associations that occur during consumption (imagery, daydreams, emotions) are equally important aspects of consumer behavior Bina Nusantara Conclusions: • The purpose is to develop a vision of the ultimate identity that the brand will possess , and • The product lines that the brand will support • When selecting business areas, a firm needs to assess its ability to make the product • Brand will be applied to several product lines • Each product line will have its own product line identity • To compete in a product class setting will require additional associations Bina Nusantara