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Route to building great brands

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Brand Management
Brand Management
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Route to building great brands

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Building a great Brand, beyond understanding the target Consumer, his/her environment, fears, and aspirations. requires a deep understanding of the competitive set, positioning and how the interplay market forces and social trends affect the Brand. This presentation attempts a basic understanding of concepts and contexts on the route to building great Brands.

Building a great Brand, beyond understanding the target Consumer, his/her environment, fears, and aspirations. requires a deep understanding of the competitive set, positioning and how the interplay market forces and social trends affect the Brand. This presentation attempts a basic understanding of concepts and contexts on the route to building great Brands.

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Route to building great brands

  1. 1. Bolaji Okusaga Concepts and Processes BuildingGreatBrands
  2. 2. S/N SUBJECT SLIDES 1. Background 3 - 5 2. Concepts 6 - 9 3. Process 10 - 17 4. Transitions 18 - 21 5. Context 22 - 24 Background
  3. 3. 1. Background
  4. 4. MARKET • In today’s increasingly competitive global market, building effective and meaningful brands is essential for business success. PERCEPTION • Brand perception is important as it automatically - 1.Triggers perception that is relevant to the target audience 2.True to the brand identity 3. And differentiated from the competition. BUSINESS SUCCESS • Brand Positioning provides a systematic method for managing corporate conduct and business strategy Background
  5. 5. Central unifying idea which aligns behaviours, actions, communications Works across Organisation Builds on a vision and is aligned to business strategy Illustrates who we are and what we do Defines Behaviour, Positioning, and Differentiation Needs to resonate with all our stakeholders – internal and external Guides Business Conduct Tilling the ground for our Business Development Team Provides clarity and inspiration to employees What We Want to Achieve
  6. 6. 2. Concepts
  7. 7. A VALUE CENTRE • A brand is an identifiable entity that makes specific promises of value. WITH DISTINCT ATTRIBUTE • A brand is a mixture of attributes, tangible and intangible, which creates value and influence. PREFERENCE GENERATOR • Brands are created for the sole purpose of redirecting consumer preferences. What is a Brand?
  8. 8. CREATING DIFFERENTIATION • Branding is the differentiation of an entity or product from other similar entities or products in the market place using a name, symbol or colours or a combination of any of them. THROUGH A DELIBERATE PROCESS • It is a programme designed for the creation of a positive perception and pungent differentiation which will induce a preference for the branded product above that of competition. What is Branding?
  9. 9. Brands produce intangible outputs which impact the bottom-line. Such outputs include : greater customer satisfaction reduced price sensitivity fewer customer defection a greater share of customer wallet more referrals higher percentage of repeat business. What Do Brands Do?
  10. 10. 3. Process
  11. 11. A CENTRAL ORGANISATIONAL PRINCIPLE: • this helps align the brand strategy with the corporate / business strategy. A RESOLUTE CORE PURPOSE: • this remains the platform on which the brand concept is built. A COMPELLING IDEA: this captures customers attention and commands loyalty. Attributes of a Brand
  12. 12. THE CORE • Ability to differentiate. • Promises and the ability of customers to verify these promises. THE DERIVATIVES • Brands communicate their promise to the market, soliciting customer patronage. • Everything the customer experience in the process of evaluation, trial, purchase and adoption is a verification of the promise. What Do Brands Thrive On?
  13. 13. Understanding Brand Essence The DNA of a Brand The basis from which Brand Positioning is derived • Target • Product Attribute • Brand Personality • Brand Benefit
  14. 14. CHARACTER Brands and branding gives character to marketing. PERCEPTION Competition dictates a need to create a perception in the mind of the target that there is no better product in the market than the one you are offering. Today, products are bought and not sold. Brands helps to pre-sell the product to the target LEADERSHIP To stay competitive therefore, companies must deliver superior value by producing winning brands. If market leadership is a sign of business success, then branding is the key to sustainable growth and business consolidation. Branding and Marketing – Where Do They Meet?
  15. 15. Brand Environment Behaviour Business Product Service Client Decision Signage Corporate Literature Advertising Media Promises Verification Activating Brand Promise and Verifying Brand Promise
  16. 16. • Business Strategy is all about the delivery of superior value. Lived Value • Organisational Principles Used Value • Organisational Strategy Perceived Used Value • Branding and Reputational Benefits Its All About the Delivery of Value
  17. 17. • These are the platforms for the delivery of value. • These are: Operational Excellence: Dell Product Leadership: Apple Customer Intimacy: Starbucks Driving Value – The Disciplines
  18. 18. 4. Transitions
  19. 19. BRAND AS COMMODITY • This is characterized by an excess of demand over supply, • Products make little effort to differentiate. • Emphasis is on mass production, consumer’s perception is utilitarian. BRAND AS REFERENCE • Here competitive pressure stimulates a need for differentiation. • Differentiation is achieved through changes in products physical attribute. • Consumers memory expand beyond basic product category. • Product branding become a heuristic devise for decision making. • Consumers still value brands for their utilitarian value. BRAND AS PERSONALITY • Here differentiation is through emphasis on rational / functional attributes become difficult • Brands are given a personality in order to draw on emotional attributes. • The use of brands therefore become a medium of self expression. Brand Transitions - 1
  20. 20. BRAND AS ICON • Here branding becomes a participative process between producers and consumers. • Consumers draw associations from the brand to boost their self identity. • The more the associations a brand has, the greater its network in the consumer’s memory. BRAND AS COMPANY • Here brand equals the company and assumes a complex posture because there are many points of contact between the consumer and the brand. • This is the beginning of post- modern marketing. • Here consumers become more active in brand creation. • Communication of the brands attribute is no longer unidirectional, rather it flows from producers and consumers. BRAND AS POLICY • Here. there is an alignment of the company’s ethical, social and political stance with the brand concept. • At this stage Brand combines value with philosophy. Brand Transitions - 2
  21. 21. Brand Loyalty Ladder Adorers •These will not accept a competing brand or an alternative. •This is the highest level of loyalty. Availables •This is the pool from which companies draw their patronage Acceptors •These are the set who initial accept the brand, these will accept a competing brand where their favourite brand is unavailable Adopters •These are loyalist of the brand who will not accept a competing brand but may settle for other alternative.
  22. 22. 5. Context
  23. 23. Corporate Brand • Creating the Context for Market Success • Vision, Mission and Values • Recruitment • Compensation • Culture • Work Environment Business Practices • Pushing the goals of the Corporate Brand through a specific and differentiated offerings • Innovation • People Management • Policies and Practices Creating the Context and Ensuring Consistency Look at how far we have come and see how we can consolidate that into a great story Delivering on Brand Purpose
  24. 24. The Brand concept is inseparable from business strategy. Brands lead the way in the market space and confer value which creates a sustainable basis for businesses. Conclusion
  25. 25. Thank You

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