BRAND MANAGEMENT Course Outline for PGP Marketing Elective Course – 20 Sessions "A brand that captures your mind gains behavior. A brand that captures your heart gains commitment." (Scott Talgo) Faculty: Dr. Preeti Krishnan Lyndem Office (hours): B-101 (by appointment) Email: preeti.k.lyndem@iimb.ernet.in General Objectives of the Course: To familiarize students with the concept of ‘brand’ To enable students to become familiar and comfortable with the usage of distinct concepts such as brand positioning, brand identity, brand personality, brand communication, brand knowledge, brand awareness, brand image, and brand equity/value To highlight the centrality and criticality of branding in marketing strategy decisions (through the brand management framework and product-brand matrix) To introduce the importance, measurement, and management of brand equity (concepts such as valuation methods, strategic brand management process, and brand audit.) To highlight the practical application of the concepts through the study of international and Indian case studies To grant them hands-on training on running a basic brand audit / topical project Learning Outcomes of the Course: 1. Explain core concepts in branding such as brand identity, personality, image, hierarchy, positioning, extension, equity, and architecture. 2. Differentiate branding strategies across categories and businesses. 3. Evaluate brand positioning and repositioning strategies for different brands. 4. Analyze different brand equity models and measure brand equity through tracking studies, audits and report cards. 5. Describe current practices and innovations in brand communication. 6. Formulate branding strategies for the sustainability of a new or established brand. Teaching Pedagogy: My teaching would include case discussions (in class + online via Moodle), project work, presentations, assignment, and examination. Assessment (linked to Learning Outcomes): Format of each form of assessable work Assignment (individual component – due on Session 5) Moodle Participation (group: 10% + individual: 10%) Mid-Term Examination (individual component) Project: Brand Audit or Topical (group component – due Session 19) TOTAL Weights 10% 20% 35% 35% 100% Mandatory Text Book: “Strategic Brand Management: Building, Measuring, and Managing Brand Equity” by Kevin Lane Keller, Pearson Prentice-Hall, 3rd Edition. Reference Text Book: “The New Strategic Brand Management” by Jean-Noel Kapferer, Kogan Page Limited. Attendance Requirement: 75% 1 Course Content with Tentative Session Plan Topics Essential Readings Case Article Additional Instructions Session 1 Introduction; What is a Brand? 1. Gap, Inc. – Building a Brand 1. Interbrand (2004), “What is a Brand?”, a chapter from Brands and Branding. Assignment (DUE at start of 5th Session): 1) Explain the following 12 terms with 1 example for each: Brand Positioning Brand Identity Brand Personality Brand Communication Brand Knowledge Brand Awareness Brand Image Brand Equity Brand Loyalty Brand Architecture Brand Hierarchy Brand Extension 2) What would be the linkages amongst the following elements? I.e., from your understanding of the following elements, draw up a brand management framework: a) Brand Awareness b) Brand Communication c) Brand Equity d) Brand Identity e) Brand Image f) Brand Personality g) Brand Positioning Session 2 Topic Essential Readings Case Article Topic Essential Readings Case Article Recommended Reading Topic Essential Readings Case Article Branding 1. 1. Dove: Evolution of a Brand Grimaldi Vincent, “The Fundamentals of Branding” Session 3 Branding after M&A; Elements of Brand Management 1. 1. 1. Doosan Infracore International: Portable Power Brand Transformation (A) Guzman, Francisco (Esade), “A Brand Building Literature Review” Louro, Maria J. and Paulo V. Cunho (2001), “Brand Management Paradigms,” Journal of Marketing Management, Vol. 17, 849-875. Session 4 Brand Positioning & Repositioning 1. 1. Microsoft Corp.: Branding and Positioning .NET “Brand Confusion” Topics Session 5 Brand Positioning & Repositioning; New Products & Brand Extensions; Brand Management Framework Essential Readings Case Article Additional Instruction 1. Xiameter: The Past and Future of a “Disruptive Innovation” 1. “Whatever Happened to Positioning” Assignments to be individually submitted (print out) to Faculty at the START of the session 2 Topics Essential Readings Case Article Topics Essential Readings Case Article Recommended Reading Topics Essential Readings Case Article Topics Essential Readings Case Articles Session 6 Brand Positioning & Repositioning; New Products & Brand Extensions 1. 1. Toyota: Repositioning the Brand in Europe (A) “Lure of Global Branding” Session 7 Brand Positioning & Repositioning; New Products & Brand Extensions 1. 1. 1. Mountain Man Brewing Co.: Bringing the Brand to Light “Prioritize Brands in the Portfolio: Developing a Brand Portfolio Strategy in a Silo Environment” Hem, L.E. (2001), “Factors Influencing Successful Brand Extensions.” (on Moodle) Session 8 Designing & Implementing Branding Strategies; Choosing Brand Elements to Build Brand Equity 1. 1. Redefining the AXA Brand “Creating the Living Brand” Session 9 Designing Marketing Programs to Build Brand Equity; Iconic Brands 1. 1. 2. Harley-Davidson: Building a Brand Through Consumer Engagement “What Becomes an Icon Most?” Aaker, Jennifer L. (1997), “Dimensions of Brand Personality,” Journal of Marketing Research, 34(3), 347-356. “Getting Brand Communities Right” Recommended Reading 1. Topic Essential Readings Case Article Managing Brands over Time Topic Essential Readings Case Article Managing Brands over Time Session 10 1. 1. Samsung: Redefining a Brand “If Brands are Built Over Years, Why are They Managed over Quarters?” Session 11 Topics Essential Readings Case Article Recommended Reading 1. 1. Reebok Pursuing Generation X “See Your Brands Through Your Customers’ Eyes” Session 12 Leveraging Secondary Brand Knowledge to Build Brand Equity; Integrating Marketing Communications to Build Brand Equity 1. 1. 1. ‘Do It Show’: A New Mobile Communications Service in Korea “Why You Need A New-Media ‘Ringmaster’” Iqbal, Mohammad, “The Elongating Tail of Brand Communication: An Approach to BrandBuilding Incorporating Long Tail Economics,” Ogilvy & Mather, Bangalore. (on Moodle) 3 Topics Essential Readings Case Article Topics Essential Readings Case Article Recommended Reading Topics Essential Readings Case Article Recommended Reading Topic Essential Readings Case Article Session 13 Customer-Based Brand Equity; Developing a Brand Equity Measurement and Management System 1. 1. Trouble Brews at Starbucks Keller, Kevin L. (1993), “Conceptualizing, Measuring, and Managing Customer-Based Brand Equity,” Journal of Marketing, 57, 1-22. Session 14 Measuring Sources of Brand Equity: Capturing Customer Mindset; Brand Loyalty 1. 1. 1. Case for Brand Loyalty Fournier, Susan (1998), “Consumers and Their Brands: Developing Relationship Theory in Consumer Research,” Journal of Consumer Research, 24, 343-373. Oliver, Richard L. (1999), “Whence Consumer Loyalty?” Journal of Marketing, Vol. 63, 33-44. Session 15 Measuring Outcomes of Brand Equity: Capturing Market Performance (Brand Valuation) 1. 1. 1. Habitat for Humanity International: Brand Valuation “Brand Valuation” – A Chapter from Brands and Branding. An Economist Book. Raggio, Randle D. and Robert P. Leone (2007), “The Theoretical Separation of Brand Equity and Brand Value: Managerial Implications for Strategic Planning,” Journal of Brand Management, Vol. 14, 380-395. Session 16 Managing Brands over Geographic Boundaries and Market Segments 1. 1. Infosys: The Challenge of Global Branding “How Global Brands Compete” Session 17 Topic Essential Readings Case Article Topic Essential Readings Case Article Topics Additional Instruction Brand Gender 1. 1. Unilever’s Mission for Vitality Alreck, Pamela L. (1994), “Commentary: A New Formula for Gendering Products and Brands,” Journal of Product and Brand Management, 3(1), 6-18. Session 18 Counterfeiting of Brands – Managing the Menace 1. 1. Can Knock-offs Knock Out Your Business? “Protect Your Product’s Look and Feel from Imitators” Sessions 19-20 Final Perspectives Project Presentations Project Final Report Due at the start of session 19 4 Guidelines for Group Project Brand Audit or Topical: The objective is to complete a brand audit OR a topical brand-related issue of your choice. The objective of this project is to give you hands-on experience in brand management. Through the brand audit, you shall assess the sources of brand equity for your chosen brand and suggest ways to improve and leverage that brand equity. Through the topical issue, you shall assess the relevant concepts for your chosen brand(s) and suggest ways to improve and leverage the brand equity. This project is a very important activity to apply our learning to the reality of the context we are familiar with. You shall do this in consultation with me. You will choose your team members (5 in each team) by the 6th session and submit an interim report to me by the 8th session and the final report by the start of the 19th session. For guidelines on brand audit, please go through pages 126-131 of Keller’s textbook. Use the Rolex Brand Audit (pages 132-137) as the benchmark. Note that some aspects shall change depending on the brand you decide on auditing. Another very useful resource is available at: http://faculty.insead.edu/chandon/personal_page/documents/case-note_brand%20audit-inspection%20copy.pdf The contents of the project report are: (A) Brand Inventory: History, Ownership, Target Customer Profile, Product-related Attributes, Brand Elements, Brand Portfolio, Communication, Pricing & Distribution, Positioning, POPs & PODs, Profile of No.1 competitor, etc. (B) Brand Exploratory: Customer Knowledge Structure, Sources of Brand Equity, Brand Mantra, The CBBE Pyramid, Major Issues, etc. (C) Conclusion & Recommendations SWOT, Brand Strategies based on Environment, S-T-P, 4/7 P’s and other factors You have to choose a brand for which adequate secondary information is easily available to address these requirements. It is largely based on secondary data. Primary data collection: You will also use a convenient sample of a minimum of 30 respondents with a questionnaire that can incorporate quantitative and qualitative research components to discover associations and imagery. You may limit your study to a single well-known brand you are familiar with. Students will be required to regularly interact with the faculty to ensure good progress on the intensive project. Moodle registration Course name : Course category : Marketing Course enrollment key : Group participation – Each group will be assigned one week on Moodle to lead discussions. Individual participation – Students not part of the group assigned for the week shall participate in discussions. 5