Preview

Wine Brand

Powerful Essays
Open Document
Open Document
2992 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Wine Brand
the Role and Relevance of the Wine Brand in the Creation of Value in the Wine Industry

Abstract
This essay will first of all discuss the definition or content of brand and wine brand, then clarity values that it can be created. Next, the essay will cover the function of wine brand or how it achieves creating value. Finally, the importance of position of wine brand in value creation will be discussed.

Key words brand, brand value ,brand equity, value creation, wine industry

Table of Contents
Abstract 2
Key words 2
Table of contents 3
1 Introduction 3
2 Define wine brand 4 2.1 Definition of brand 4 2.2 wine brand 5
3 Value of brand 5 3.1 Brand equity 5 3.2 Brand value 7 3.3 Brand outcomes 8 3.4 Brand Contribution 8
4 The role of wine brand in value creation 9 4.1 The function of brand in value creation 9 4.2 The function of wine brand in value creation 11 4.3 the position of wine brand in value creation 12
5 conclusion 12
Reference 12

Introduction

As one of the earliest of branded commodities, wine is branded since 4000BC and brand did generate value (Spawton, 2009). At present within the rapid changing global wine market abounded with fierce challenge, proper branding becomes a must and it plays a non-trivial role in creating value.
At first, this essay will clarify the definition or content of brand and wine brand, then discusses values that it can be created including key words of brand equity, brand value, brand contribution and brand outcome. Next, the essay will cover the function of wine brand or how it achieves creating value. Finally, the importance of position of wine brand in value creation will be discussed.
In this essay, different model of brand in value creation will be covered and discussed.
A critical analysis of roles, meaning functions and significance of brand in creating brand equity, and also the role of wine brand in wine industries will form the focus of

You May Also Find These Documents Helpful

  • Good Essays

    Bonny Doon Analysis

    • 1373 Words
    • 5 Pages

    Traditionally wine was seen as a “pretentious” product in U.S, but by the late 1990’s to early 2000’s, wine started to become a popular social drink for the masses. In addition, the market became more adventurous, demanding unusual “undervalued” wines instead of the traditional wines such as Chardonnay. The adventurousness was driven by “Generation X” and created a significant opportunity for wineries to meet this new unconventional demand. As the industry is still currently in its growth stage, the industry attractiveness is high. Wine is a relatively high margin product, and there is increasing demand domestically and internationally. Because of…

    • 1373 Words
    • 5 Pages
    Good Essays
  • Good Essays

    An important marketing technique mainly used is branding. Branding is the entire process involved in creating a unique name and image for a product in the consumer’s minds, and almost act’s as a business’s ‘identity’ as it creates an image for the business. A brand can be a powerful selling tool and can help achieve marketing objectives such as gaining market leadership and raising customer awareness. According to the chartered institute of marketing, the best brands create a special relationship with their customers, based on intangible qualities that evoke strong emotional responses. These might consist of a logo, a general look and feel, a tone of voice and the way the company interacts with its customers.…

    • 1389 Words
    • 6 Pages
    Good Essays
  • Best Essays

    Brand Audit of John Lewis

    • 3400 Words
    • 14 Pages

    Keller, K., L. (1998) Strategic Brand Management: Building, Measuring and Managing Brand Equity. Prentice-Hall International: London…

    • 3400 Words
    • 14 Pages
    Best Essays
  • Good Essays

    The country-of-origin effect in this case has a large influence on how consumers perceive wine from this particular part of the world. However, I firmly believe there is room for MontGras to control its own market position. Even though the country-of-origin effect in this case has a large influence on how consumers perceive wine from this particular part of the world MontGras still has control over their own positioning strategy and the four P’s. Price is an area that is already defined by the market but not entirely. As a result, the brand image of Chilean wine is not consistent to the brand identity MontGras has for its Chilean wines. MontGras need something to increase brand awareness in another direction outside of just price. Interbrand’s proposed positioning, “Wines of Chile”, would be a positive step in the right direction for Chilean wine makers. In addition to Interband’s proposed positioning, the case describes ways in which Chilevid members have focused the positioning of their wines through international fairs, wine-tastings events, and contests. By designing an image to occupy that distinctive place in the mind of the consumer there is room to educate through some of the previous mentioned initiatives and additional concepts that expand the value added benefits of Chilean wine and particularly MontGras wine throughout the world.…

    • 742 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Brand Called You

    • 620 Words
    • 3 Pages

    As for the question of how to build and develop your own brand, the author analyzes this in five sections. First, you should find out the main factor of making yourself different. You do not belong to any companies and you should start to plan and improve yourself as a brand. The author gives some suggestions. First, you should find some characteristics and features of you that are different from your competitors. The author calls the concept “feature-benefit”. The second is giving up all the titles you have and try to figure out your added values. Then you can ask yourself what you are looking for.…

    • 620 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Brl Hardy Case Study

    • 3359 Words
    • 14 Pages

    The wine industry is a highly competitive industry that has yet to see emerge a true global company with a global brand. BRL Hardy’s position within this industry is presently, similar to many other companies, that of a small global-volume supplier and distributor that has a large footprint within its “country-of-origin”, Australia. The goal of becoming an international wine company is ambitious but achievable; however several changes are recommended in order to make this possible.…

    • 3359 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Personal Brand

    • 847 Words
    • 4 Pages

    Brand has always been associated with marketing. Thus brand can be assumed to possess the attributes of creating a product with the hope for achieving satisfying exchange between consumer and supplier. On the other side, McCarthy has defined brand as the usage of name, term, symbol or combination of these for identifying a product. This has appeared to be the most well accepted idea as from the consumer’s perspective, a brand allows them to quickly tell the quality and helps them to decide on their purchasing process.…

    • 847 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Intel Case Analysis

    • 1293 Words
    • 6 Pages

    * Keller, K.L , and Lehmann, D.R. (2003). How do Brands create value?. Retrieved February 6,2011 from < http://www29.homepage.villanova.edu/john.kozup/MBA%208610/brand%20value-keller.pdf > .…

    • 1293 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Global Wine Wars

    • 2234 Words
    • 9 Pages

    The Global wine industry has undergone a monumental change in terms consumer demand and more importantly in the ways it is produced and sold. The consumption, distribution and production has migrated away from the restrictions and regulations of the Old World to the New World ways of smart marketing, branding and serving to customers preferences.…

    • 2234 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Yellow tail wine

    • 682 Words
    • 3 Pages

    In the US wine industry, Casella Wines created Yellow Tail, a new wine that broke away from competition and created a new market. They did not simply offer wine as an expensive drink but rather as a ‘social drink’ available to all kinds of drinkers and consumers: cocktail, beer and other drinkers of non-wine beverages. In just two years, Yellow Tail became the quickest growing brand in the histories of Australian and U.S. wine industries and is the most imported wine in the U.S.…

    • 682 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Chateau Margaux Swot

    • 924 Words
    • 4 Pages

    Create distinctive wine’s character and high quality wine. It is one of the key of brand reputation.…

    • 924 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    About Wine

    • 288 Words
    • 2 Pages

    What is wine? It is one of the most sensual and tasteful drinks you have ever drunk. It has been over hundreds of years and till today, wine has never disappointed our mouth feels. The most important of selling wines are the packaging, because the value packaging as a marketing tool. But how many companies know how to put up their wines into markets, and who know that packaging is the first step to extract customer. In this century, a lot of people have problem to choose a bottle for dinner or for any occasion, the mainly is too many bottle of wines for them to choose from and some of the wines label are not too clear to read and it might be a problem for customer. So means that wines marketing as wines packaging as label are so important to target customer.…

    • 288 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    California wine cluster

    • 273 Words
    • 5 Pages

    KP  Research and innovation center such as the university of California (now Department of Friut studies) at Davis for fighting diseases and introducing new technologies.  State run universities, like U.C Berkeley, UC Riverside, Fresno State  Distributors like (SWS) because of its consolidation  Supermarkets like Walmart because of its consolidation KA 1.…

    • 273 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    The article then goes on to discuss how Tasmanian wine producers have used this knowledge to identify main motivation drivers to influence consumer behavior. One such example that the authors have pointed is the popular use of Cellar doors or tasting rooms in Tasmania. The authors are of the opinion that such a practice feeds into the desires of wine consumers by going beyond being a facility for trialing and purchasing a product, to engaging the consumer in an ongoing relationship with the wine brand and wine experience.…

    • 837 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Why Do People Buy Brands?

    • 1116 Words
    • 4 Pages

    Brand are inevitable component of modern business, which means a class of products, that serves to determine a certain product and all have particular name, furthermore, all are made by a specific company. Primarily, mission of the brands is to connect two different basic areas of production and consumption, which has a great influence on economy and community. Although, these areas were integrated until the Industrial Revolution (1760 -1840), from that time onwards they have been isolated (Kornberger, 2010: xi). Aside from that, individual consumption happens in a such circumference that there, a social and cultural standards affect enormously and impedes personal consumption. It means that, religious beliefs, cultural values, inherited behaviors, and the economics growth have an impact on buying habits (Chisnall, 1985: 10, 11). In this essay i am going to talk about the reasons why people buy brands. First I am going to discuss the secret link between brands and the society, after that the reasons why people spend large amount of money on luxury brands, then, brand loyalty, furthermore, mysteriously imprinted brands on our brain, plus examples and lastly conclusion.…

    • 1116 Words
    • 4 Pages
    Good Essays