2. 2
9/1/13/ZKH
What to expect from today’s session
§ To have a common understanding with regard to
What is Marketing and the changing scope of it
What is the relationship between Brand, Product, and
Advertising
What is expected out of each function / role
Why is brand management crucial to us
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9/1/13/ZKH
The Old School of Marketing
§ You earlier read it as 4Ps
Product
Price
Place
Promotion
§ MARKETING simply meant advertising
Advertising needed to appeal to the mass: TV, Radio,
Press, Billboards were the media
Advertising was one-way – company to consumer
Exclusively about selling product
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The New Trend in Marketing
§ From 4Ps to 3Vs
Valued Customers à who to serve
Value Proposition à what to offer (against industry offers)
Value Network à how to deliver
§ The approach has changed
From Market Segments to Strategic Segments
From Selling Products to Providing Solutions
From Brand Acquisitions to Brand Rationalization
From Market-Driven to Market-Driving
From SBU Marketing to Corporate Marketing
From Advertising Management to Brand Management
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9/1/13/ZKH
What is a Brand?
§ A combination of
Logo
Concept / idea
Color, taste, smell
Images / Visual identity
Associations / Attributes
Shape / Form
Advertising
§ It resides in the mind of the
“consumers”
§ It defines the premium a
company is valued at over its
tangible, measurable assets
§ An orange … is an orange …
is an orange. Unless, of
course, that orange happens
to be a Sunkist, a name eighty
percent of consumers know
and trust
Russel L Hanlin, CEO
Sunkist Growers
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What is a Product?
§ A product is a product or service … is a product … is a
product …
§ You can have several products under the same brand
§ You can have several brands for same product
Question: how does brand help selling products, and
makes companies successful?
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9/1/13/ZKH
So, what is the relationship?
I D E AThe best brands
are innovation-
driven
IBM vs Apple
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9/1/13/ZKH
So, what is the relationship?
I D E AThe best brands
are innovation-
driven
IBM vs Apple
When ideas
meet
entrepreneurial
drives, big
brands are
borne
Aromatic
15. 15
9/1/13/ZKH
So, what is the relationship?
I D E AThe best brands
are innovation-
driven
IBM vs Apple
When ideas
meet
entrepreneurial
skills, big
brands are
borne
Aromatic
Brand needs
Vitamin E2 for
excellence
Frutika
16. 16
9/1/13/ZKH
So, what is the relationship?
I D E AThe best brands
are innovation-
driven
IBM vs Apple
When ideas
meet
entrepreneurial
skills, big
brands are
borne
Aromatic
Every brand
needs Vitamin
E2
Frutika
The brand is a
promise in
action
Banglalink
17. 17
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So, what is the relationship?
§ Brand is a promise
§ Product is the system of delivering this promise
§ Advertisement proposes and makes you believe this
delivery of promise
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CLASS ASSIGNMENT
1. What is the brand promise of bKash, how is delivering the promise
through the product, and how does its advertisement convince the
consumer about the promise?
2. What are the different brands on Louise Vuitton portfolio and how
are they maximizing company’s profit?