Branding Tools Waldemar Pfoertsch Feb. 2010 © Copyright 2010 by Prof. Waldemar A. Pfoertsch. All Rights Reserved. TOOL 1: Value Proposition Design your own value proposition/positioning statement does not need to be difficult: For ___________________, “YOUR (Target Segment) PRODUCTS” are ___________________ (Most important benefits/ Claims) because _______________________________. (Most Important Support) By Professor Dr. Per V. Jenster Tool 2: Segmentation with Brands Level of Brand Meaning Example: Beliefs and Values Benefits Pure Water Attributes Low Bottled Water Degree of Product Differentiation High ?? TOOL 3: Brand Relevance Creation • Distinguishing Characteristics 1–2–3–4-5 • Authentic Newness 1–2–3–4-5 • Individual Meaningfulness 1–2–3–4-5 • Non-Commercial Impact 1–2–3–4-5 Aaker http://www.strategy-business.com/press/16635507/04207 TOOL 4(A): Branding Triangle Company Recognition ...% Market Share …% Profitability …% … 2007 ……… Collaborators Customers Motivation .. % Retention .. % Knowledge .. % ... Relevance .. % Loyalty .. % Retention .. % … 2008 ………. 2009 …… 2010e ...... TOOL 5: Measure Brand Strength • Behavioral Brand Knowledge Brand Relevance Brand Preference Brand Loyalty • Financial Price Premium Increased Cash Flow Increased Share Value • Combination INTERBRAND Brand Valuator BBDO Brand Equity Evaluation System (BEES) CoreBrand Analysis TOOL 6: Brand Building Processes Key word searching (KWS), Natural Language Processing (NLP), Brand Score Brand Exploratory Card (BSC) Chief Brand Officer (CBO), Brand Responsibilities, Corporate Brand – Brand Portfolio, Corporate Brand, Division Brand, Product Brand Goals, Structures, Processes Brand inventory (internal analysis), Brand exploratory (external analysis), Brand Equity Charter, Brand Score Cards, Brand Audit Mind Map, Brand Identity Elements TOOL 7: Customer-Based Brand Equity Loyalty Brand Resonance Positive Reactions Customer Judgments Points of Difference Brand Awareness Keller, 2004 Brand Performance Customer Emotions Brand Imagery Brand Salience What about You and Me? What about You? What Are You? Who Are You? Tool 8: Audit Dimensions Brand Identity Elements http://www.brandlogic.com/ TOOL 4 (B): Branding Triangle Company General Public Internal Marketing External Marketing Collaborators Customers Interactive Marketing Internal Marketing Interactive Marketing External Marketing Staff Training Employee news Intranet Corporate TV Customer Communication Employee interaction Internet Transactions Call Centers ... Trade Shows Corporate news Internet Ads, PR, ... TOOL 9: Brand Valuation Price Premium TOOL 10: Brand Valuation Interbrand