Preview

Brand Positioning

Powerful Essays
Open Document
Open Document
1991 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Brand Positioning
PMRS Imprints Archives

Publishing Date: March 1999. © 1999. All rights reserved. Copyright rests with the author. No part of this article may be reproduced without written permission from the author.

Brand awareness and brand image
Chuck Chakrapani

Building brand equity To build brand equity, we need to start with the building blocks of brand equity. They include brand awareness, and brand image or the associations that a brand evokes. Brand awareness Brand awareness has two components: breadth and depth. Let us first consider depth . While a consumer may be aware of many brands, all brands are not equal in terms of awareness. The depth of awareness may vary and this may have profound implications for brand equity. For instance, a brand may be the first brand that comes to mind (top-of-mind recall ), or it may be one of the many brands mentioned by the consumer when asked (unaided recall ), or it may be recognized only when prompted (aided recall ). The breadth of a brand refers to its association with different consumption occasions. For instance, if Coke is associated with having lunch, going to the movies, relaxing with friends, relaxing alone, quenching thirst or watching TV, then it has a greater breadth compared to a brand of orange juice that may only be associated with being had at breakfast. Another way of looking at brand awareness is to view the brands known to customers as belonging to an evoked or an elicited set. The evoked set consists of those brands that are voluntarily mentioned by a consumer when asked to name brands. It is from this set that a consumer is likely to choose the brand he or she is likely to use. The elicited set, on the other hand, consists of brands that a consumer knows but doesn't think of unprompted. Brands in the elicited set have a lower likelihood of purchase since they do not come readily to mind. Brand image Brand image refers to brand perception, or the associations evoked by a brand. Brand perception may or may

You May Also Find These Documents Helpful

  • Better Essays

    CopelandR MKTG600 MidTerm

    • 966 Words
    • 4 Pages

    Brand equity is a business having the clout and power of its product(s) to leverage that equity or clout for its need to raise capital or increase customers. Developing brand equity is important because it allows companies to interact with their customers in order to induce loyalty which increases the growth of a company. Every company, established ones as well as start-ups have the ability to create brand equity. It is especially important for start-ups because in the first step of business, they would want to ensure that their brand is worthy of the competition it will encounter.…

    • 966 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Shank M. D. (2009). Sports Marketing: a Strategic Perspective 4th Addition. Pearson, Prentice Hall. Upper Saddle River, New Jersey.…

    • 975 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    All rights reserved. No part of this book may be reprinted or reproduced, or utilized in any form or by any electronic, mechanical or other means,…

    • 4601 Words
    • 19 Pages
    Powerful Essays
  • Better Essays

    Ba 301 Revised.

    • 12963 Words
    • 52 Pages

    © September 2005 All rights reserved. No part of this work may be reproduced or utilized in any form or by any means, electronic or…

    • 12963 Words
    • 52 Pages
    Better Essays
  • Good Essays

    Red Bull Equity

    • 782 Words
    • 4 Pages

    According to Keller (2008, p 53), brand equity is the strong, favorable and unique brand associations in the memory of customers. He goes on to identify (p 54) two sources of brand equity: 1.) Brand Awareness; and 2.) Brand Image. Red Bull has well defined tactics for both sources.…

    • 782 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Brand Communication

    • 414 Words
    • 2 Pages

    The primary objective of the retailer is to maximize their store’s profit and an attempt to maximize the profits for each product category. To fulfill this objective and the shift in the power from manufacturers to retail chains have made it necessary for retailers to communicate their brand. It is quite common to regard advertising as a major factor in leveraging brand equity (Achenbaum, 1989; Lindsay, 1990).…

    • 414 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Brand Marketing

    • 505 Words
    • 3 Pages

    Gap, Inc. is an apparel retailer consisting of five brands: Gap, Banana Republic, Old Navy, Piperlime and Athleta. The Gap was founded in the early 1970’s for a period sold Levi Strauss & Co. blue jeans. Gap entered the international markets in the late 1980’s and reached the peak of its success in the 1990’s. Gap was the largest pure apparel company in the world, with a growing international empire and significant brand recognition for each of its companies. However Gap’s period of success took a turn after Mickey Drexler retired as CEO in 2002. Profits and revenue continued to decline for much of the decade. The young adults that bought Gap products in the nineties grew out of Gap, and Gap was unable to replicate its success with the new generation. The company was struck another blow during the Recession of 2009. From 2008 to 2010, Gap closed more than fifty of its 3251 stores. Gap has failed in the new millennium to demonstrate an ability to replicate the successful branding and marketing that catapulted the company to its original success, leading the company to sit, waiting for the majority of the past decade. Nonetheless the company still maintains the largest market share of any pure apparel company in the country.…

    • 505 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Marketing Notes

    • 4876 Words
    • 27 Pages

    Brand equity is an important concept that can both help and hinder. For example, customers dislike some brands because of the firm’s actions or their negative perceptions. Nike has been the target of many labour activists, which causes some consumers to refuse to purchase or wear Nike products. Mattel’s brand equity was hurt when it recalled over 19 million toys because of lethal magnets and lead paint.…

    • 4876 Words
    • 27 Pages
    Better Essays
  • Best Essays

    Brand Strategy

    • 3767 Words
    • 16 Pages

    “From Integrated Marketing Communications (IMC) to Integrated Brand Contact Management (IBCM) A brand contact Plan for Egypt Tourism…

    • 3767 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    Several brands tend to go global and focus on media advertising; they make a good name in the local market and markets with high potential. Considering a well-built brand image may help build a firm foundation in the marketplace (Aaker 1996). In accordance with Delong et al (2004), little understanding of the brand leads to higher dependence on brand image. Managing the brand name to the…

    • 4803 Words
    • 16 Pages
    Powerful Essays
  • Better Essays

    There are several stakeholders concerned with brand equity, such as the firm, the customer, the distribution channels, media and other stakeholders like the financial markets and analysts, depending on the type of company ownership. But ultimately it is the customer who is the most critical component in defining brand equity as it is his/her choices that determine the success or failure of the company and the brand. Customer knowledge about the brand, the perceived differences and its effects on purchase behaviour and decisions lies at the heart of brand equity. The knowledge and associations attached to the brand result in choices which have a direct impact on the brand's financial performance and shareholder value. Brand equity is the combined measure of brand strength and consists of three sets of metrics: knowledge, preference and financial as has been explained in Asian Brand Strategy. Each of the measures under these three metrics is critical and the boardroom must ensure that the brand portfolio scores high in each of these parameters to optimize the financial outcome from strong brands. Knowledge metrics measures a brand's awareness and associations through the many stages of recognition, aided, unaided and top of mind recall. Similarly the functional and emotional associations of a brand are important drivers of brand equity. It is crucial for brands to score high on both awareness and association attributes to establish and sustain their presence in the market place. Preference metrics measure a brand's competitive position in the market and how it benchmarks to competing brands. Customers pass through various levels of preference towards the brand which ranges from mere awareness and familiarity to strong loyalty and recurrent revenues from the customer base. A strong brand has the brand equity to move its customers through the preference funnel towards loyalty. Financial metrics…

    • 1743 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Brand Awareness

    • 4242 Words
    • 17 Pages

    Marketers have focused the thrust of many promotional efforts on adolescents. Frequently, the objective of these promotional efforts is increased awareness of the brands otTered tor sale by the sponsor oithe promotional etTort. In order to assure maximum return for the marketers 'efforts, it seems necessary to assess the degree to which the awareness objective is accomplished. In the case of adolescents, attention on awareness should be focused on two questions: 1. Are adolescents aware of the seller 's brand or the slogans used to carry the brand message? Arecertainsegmentsofthe adolescent market more aware of brands and slogans than others? brands and slogans. In addition, the differences observed between adolescent awareness of different brands and slogans areexamined. as paint or butter, generally not used by adolescents. The manufacturers of several of these brands may wish to reevaluate their promotional objectives in regard to the adolescent market. These brands, such as Glidden. Villager, or Ansco, may be jeopardizing future sales by not emphasizing adolescent awareness of their brands. However, managerial judgment and experience must be used when evaluating the cost of securing brand awareness in the adolescent market and the expected long-run sales from such a market. Slogan Awareness. Respondents were asked to complete the ten slogans shown in Table 2. The results of this measure were used as an indication of slogan awareness. As mentioned before for brands, slogans were chosen which covered different types of products and expected degrees of familiarity among adolescents. The range of sample proportion correctly completing the slogan (29 to 88 per cent)…

    • 4242 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Elements of Brand Strategy

    • 1581 Words
    • 7 Pages

    The objective of brand strategy is to support in developing the key elements of a brand strategy by guiding you through a defined process.…

    • 1581 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Philospy

    • 89438 Words
    • 358 Pages

    Athens Auckland Bangkok Bogoti Buenos Aires Calcutta Capetown Chennai Dares Salaam Delhi Florence Hong Kong Istanbul…

    • 89438 Words
    • 358 Pages
    Better Essays
  • Good Essays

    brand management

    • 969 Words
    • 5 Pages

    Product range includes the exotic dream, the clear spring and mild dew. They all have the natural ingredients like Peach, Black Current, Bear Berry, Lemon Grass etc. and scientific beads that make the skin beautiful and soft.…

    • 969 Words
    • 5 Pages
    Good Essays