1.1 BUSINESS INDUSTRY OVERVIEW The fast food industry in Malaysia is saturated with players such as McDonalds‚ KFC‚ Wendy’s‚ Chili’s‚ Nandos and the like. The industry is relatively large in terms of the participating brands in fast food business. Fast food business is categorised according to the food served as well as their facilities and locations. There are restaurants selling specifically burgers‚ pizzas or only chicken‚ Mexican cuisine and many others. According the location‚ some restaurants
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What is a brand? A brand is a name‚ term‚ sign‚ symbol‚ or design‚ or a combination of them‚ intended to identify the goods or services of one seller or group of sellers and to differentiate them form those of competitors Essentially a marketer’s promise is to deliver a specific set of features‚ benefits and services consistently to the buyers Cadbury’s best tasting chocolate constitutes the main ingredient of much of these products including everything from solid blocks to chocolate filled bars
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Introduction: “A brand extension occurs when a firm uses an established brand name to introduce a new product” (Keller‚ 2008‚ pg 491). Paragraph 2 350 words Pg. 514 How relevant the extension evidence is about the attribute or benefit for the parent brand- Relevance- Any brand extension needs to enhance its parent brand. If there is no connection‚ or ‘relevance’ it potentially won’t provide feedback benefits to the parent brand. * Völckner and Sattler (2006) found that fit between
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Brand Background: Content: Brand strategy Brand Identity & Image Brand Architecture Reference QI YU 14024137 founded in 1784 muslin and spinning cotton end of 18 century knitting and hosier 1819 finest quality raw materials 1893 a limilited company 1960’s signature knitwear line After fine gauge knitwear products (Whoson‚ 2013) Brand Strategy 5 forces influencing brand potential (De Chernatony and McDonald) Macro-environment: Corporation: -Long pround and established -John Smedley Limited company
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The Brand Value Chain(BVC) is a structured approach to assessing the sorces and outcomes of brand equity and the manner by which marketing activities create brand value. It provides insights to support the various decision makers in the company and stresses that every member of the company contribute to this branding effort. It believes that the value of rand ultimately resides with customers. There are several steps to this when we look at this value creation process. * Step I) Firm invests in
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different brand strategies. Lenovo desired to clearly communicate an authentic value proposition for the newly combined resources of their firm. With this‚ we would recommend a Synergy branding strategy in the short term and a Master Brand approach in the long term. We feel this co-branding approach will further align Lenovo’s brand to their mission of “putting more innovation in the hands of more people so they can do more amazing things” by creating broader consumer appeal and greater brand equity
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overall equity of a brand. The scorecard is an effective way to asses the unmet needs of the brands customers‚ it enables the brand to stay relevant and effective in the marketplace in a methodological manner. The scorecard should be able to fill any gaps that have developed within the brand’s approach to management and its strategic direction‚ as well as developing and maintaining a functional management system that can grow as the brand grows‚ while remaining comprehensive and completely brand relevant
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always been the popular brand among the competitors. This year‚ 2012‚ The Company is ranked No. 2 as the admired company in the soap and cosmetics industry by Fortune. (source: http://money.cnn.com/magazines/fortune/most-admired/2012/industries/47.html ) Apparently Colgate-Palmolive is always one of the global top brands. The brand name ever ranked No. 1 as Singapore consumer’s most favourite brands by Superbrands in 2009. (source: http://www.rankingthebrands.com/The-Brand-Rankings.aspx?rankingID=167&year=246
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BMR 3164 BRAND MANAGEMENT ‘POWER ROOT’ |No |Name |Student ID |Hp No | |1 |DHEEPAN A/L PRANTHAMAN |1061111669 |017-7648515 | |2 |TEH AI ZEK |1051103950 |016-7628762 | |3 |NURUL AQILAH MOHD NAJRI
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road to create a strong brand. Part I Mass marketing and great availability of products have accelerated our transformation into a consumer society‚ or the one that exists simply because it buys. People express themselves through what they possesses. However‚ nowadays the product has been replaced by a brand‚ a shopkeeper replaced by advertising. Corporations have become accustomed to the fact that although they produce products‚ what consumers pay for is basically the brand. Enterprises are no longer
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