Alternative Branding Strategies Multiple Branding Strategies Sunbeam makes: • Sunbeam Iron • Sunbeam crockwear Toro makes: • Toro snow blowers • Toro lawn mowers • Toro garden machines Multibranding Private Strategy Branding Strategies A&P has: AnnheuserBusch makes: • Ann Page canned goods • Budweiser • Ann Parker • Busch bakery goods • Michelob •Eight O’Clock • Wurtburger coffee • Hofbran Sears has: Procter & Gamble makes: • Kenmore appliances • Tide • Craftsman • Cheer tools • Ivory Mixed Branding Strategy Michelin makes: • Michelin tires • Sears tires Epson makes printers as: • Epson • IBM Generic Branding Strategy • Dog Food • Peanut Butter • Green Beans • Paper towels • Aspirin Branding 1. Five Options a) b) c) d) e) 2. Multi-Product Branding Multi-Mix Branding Multi-Branding Private- Branding Co-Branding Growth Strategies a) b) c) d) Line Extensions Brand Extension Flanker Brand Extension Fighting Brand Some Brand Attribute & Image Dimensions Attributes Flavor/tastes Color Caffeine content Style Price Comfort Packages Freshness Size Construction Material Calories Availability Brand Name Serviceability Sweetness Compatibility Weight Energy efficiency Warranty Instructions Durability Automation Convenience Ease of use Image Dimensions Reliable Unreliable Old Young Technical Nontechnical Sensible Rash Interesting Boring Creative Noncreative Sentimental Nonsentimental Impulsive Deliberate Trustworthy Untrustworthy Confronting Rebellions Daring Cautious Forceful Submissive Bold Timid Sociable Unsociable Brand Equity Brand Loyalty •Reduced marketing costs •Trade Leverage •Attracting new customers -Create awareness -Reassurance •Time to respond to competitive threats Brand Awareness Perceived Quality Brand Associations •Anchor to which other associations can be attached •Familiarityliking •Signal of substance/commit ment •Brand to be considered •Reason-to-buy •Differentiate/ position •Price •Channel member interest •Extensions •Help process/ retrieve •Competitive information Advantage •Reason-to-buy •Creative position attitude/feelings •Extensions Provide value to customer by enhancing Customers: •Interpretation/processing of information •Confidence in the purchase decision •Use satisfaction Other Proprietary Brand Assets Provides value to firm by enhancing: •Efficient & effective of marketing programs •Brand Loyalty •Price/Margins •Brand Extensions •Trade Leverage •Competitive Advantage Porter’s “diamond” of national competitive advantage Company Strategy, Structure and Rivalry Factor Conditions Demand Conditions Related and Supporting Industries