Brand Concept Management Chapter 13 Brand Benefits • Functional - intrinsic advantage (Head & Shoulders eliminates my dandruff) • Symbolic - extrinsic advantage - (H&S makes me beautiful) Badge brands fulfill needs for self esteem • Experiential - usage imagery (H&S tingles when I lather it onto my scalp) Stages of Positioning Strategies • Introductory - helps consumers to understand brand image • Elaboration - help consumers perceive brand’s increasing value • Fortification - links brand image to image of other brand products in different product classes Functional Benefit Concepts Introduction Elaboration Fortification Clorox bleach prob/solve strategy; cotton to synth soil/stain remover; new scents Vaseline skin balm prob/solve strategy; extend usage health/beauty products; Intensive care BabyWipes Symbolic & Experiential Benefit Concepts Introduction Elaboration Fortification Lenox china Brooks Bros. suit Symbolic Concepts controlled mkt. Mix 26 stores, control crystal, silver shoes, cologne Experiential Concepts Houses, outfits magnifiers, large blocks magazine, games do-it-yourself furniture Barbie Doll Lego Blocks Repositioning • Establish more compelling POD and POP • Change target audience (Frosted Flakes) • Develop a new use (Baking soda) Equity Reinforced Marketing actions must consistently convey the meaning of the brand to consumers in terms of what products the brand represents, core benefits supplied, needs satisfied and uniqueness. Reinforcing strategy - enhance brand meaning and associations Revitalizing strategy - recapture lost sources by expanding awareness and improving brand associations and image Brand Portfolio Adjustments • Migration strategies - acquire new consumers by making brand seem relevant to them personally • “You are who you are become of where you were when” outlook • Tactics - testimonial ads, line extensions, on line offerings, retail stores Questions • How might Disney maintain brand equity in the film Bambi over the years? • Which strategy, reinforce or revitalize, is most important for the Bambi brand? • Would symbolic or experiential concepts be more suitable to the Bambi brand? Predictors of Success Brand • Johnnie Walker Scotch • • • • • Evian Jockey Volkswagen Victoria’s Secret Swiss Army Extension upscale men’s apparel deodorant fitted sheets golf carts laundry detergent frozen meals