to the perfume market is DKNY Pure. As a competitor intending to introduce a similar product into the luxury fashion brand perfume market‚ consumer behaviour has important implications for the design of a successful marketing strategy. This paper will outline which key factors marketers should attempt to influence in the design of a marketing strategy to introduce a new luxury brand perfume to the market. Through the use of product positioning‚ identifying buying groups and the target market‚ extensive
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Brand Positioning and Market Segmentation Brand positioning is an important strategy for achieving differential advantage. Essentially‚ positioning reflects “the place” a product occupies in a market or segments. GAP has a wide range of products that are reflected in multi-segments. Initially‚ as a specialty clothing retailer‚ GAP segmented the market using price as the sole criterion. GAP strategically decided to serve three major segments‚ which can be seen from price differences among GAP’s
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Fashion Brand Management Topic: Comparative study of the Brand Identity of two Fashion Brands Arrow & Raymond Premium Apparel Submitted to: Mrs. Bharti Moitra Submitted By: Nancy Mehta Roll no.27 MFM (Sem-II) Brand Identity Brand identity is a unique set of brand associations that the brand strategist applies to create or maintain. These associations represent what the brand stands for and imply a promise to the customers from the organization members. Modern theories say that a brand identity
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effectiveness of company and brand mergers can be difficult to measure. Measurement is often made more difficult as no clear predetermined objectives or targets are defined prior to an acquisition. Internal synergies are often anticipated via intellectual and brand leveraging‚ resource pooling‚ and the merging of complementary company cultures. However‚ these benefits are often mitigated by the lack of external direction. This last of plan creates consternation among competing brand managers within the
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become the eyes catching brand in the most famous giant shopping mall. This brand also the most successful brand that I meet that can compete with the foreign same line brands like Giordano‚ Esprit‚ Elle and etc. From the minor focus group I did between my friends and relatives‚ surprisingly more than 90% of them thought that Padini is the foreign branded name like Esprit. Until I told them that actually Padini is the Malaysia local brand they also feel proud of this brand--- Padini. Thus‚ Padini
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Brand Community Strategies for Creating Value for Customers A brand community consists of a group of customers who share similar values‚ standards and culture while recognizing bonds of membership with each other and with the whole community. Benefits of deploying a brand community systems include customer brand loyalty‚ positive brand image‚ reduced marketing spend (since brand message is passed on through WOM within the community)‚ innovative products and services‚ and the likes. But
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“THE IMPORTANCE OF THE BRAND NAME ON CONSUMER PURCHASE DECISION” Dissertation Submitted in partial fulfillment of the requirement for Post Graduate Program in Business Management. ISB&M Logo 2006-2008 Guide By - Banasree Paul Sovan Nandi Roll No.-p/mn/c/06/043 This is to certify that the present study‚ “THE
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Customer Based Brand Equity Model (CBBE) The CBBE model approaches brand equity from the perspective of the customer – whether customer is an individual or an organization. The CBBE model provides a unique point of view as to what brand equity is and how it should best be built‚ measured and managed. The power of a brand lies in what customers have learned‚ felt‚ seen and heard about the brand as a result of their experiences over time. The big challenge for marketers is to ensure that
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Love a brand? Brand is the “name‚ term‚ design‚ symbol‚ or any other feature that identifies one seller ’s good or service as distinct from those of other sellers”1. The difficulty when considering brands is‚ not only how to make the brand you represent to be the first thing that comes to the customer’s head when he is considering the purchase of a good or service‚ but also how to develop such strong ties with your customers that we can say with certainty that they have developed brand loyalty
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JOURNAL #4 Brand Loyalty XXXXXXXX XXXXXXXXXXX March 26‚ 2015 Brand loyalty involves a promise of tangible and intangible benefits that are designed to meet the needs of the customer‚ thereby creating lasting relationships. A successful brand is not simply a product that receives the most media attention‚ strong sales‚ and customer satisfaction. Strong‚ enduring brands are built with the vision of brand loyalty in mind. “Brand loyalty is the strongest form of brand equity and reflects
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