Name: Yousaf Muzzaffar Ahmed Assignment: Brand Management Roll: B-17592 University of South Asia
Name: Yousaf Muzzaffar Ahmed Assignment: Brand Management Roll: B-17592 University of South Asia
Name: Yousaf Muzzaffar Ahmed Assignment: Brand Management Roll: B-17592 University of South Asia
Grade: B.Com
Assignment: Brand Management
Roll: B-17592
University of South Asia
Brand management begins with having a thorough knowledge of the term brand.
It means defining the brand, positioning the brand, and delivering the brand. Brand
management is nothing but an art of creating and sustaining the brand.
Strong brands reduce customers perceived monetary, social and safety risks in
buying goods/services. The customers can better imagine the intangible goods with
the help of brand name. Strong brand organizations have a high market share.
The brand should be given good support so that it can sustain itself in long run.
It is essential to manage all brands and build brand equity over a period of time.
Here comes importance and usefulness of brand management.
Brand Awarness
Brand awareness is a customers' ability to recall and recognize the brand, the logo
and the advertisements. It helps the customers to understand to which product or
service category the particular brand belongs and what products and services sell
under the brand name.
It also ensures that customers know which of their needs are satisfied by the brand
through its products.
Branding a product was much easier when there were no websites, smart
phones, interactive games or social media. Product branding can be
maintained and produce a solid, well-connected connection throughout
the life of the product. Product branding has challenged creative teams
over the past decade as they work to deal with website content, package
design, television shows, commercials, events, sponsorships and more.
This is the choice to represent a larger feeling, which is not necessarily connected
with the product or consumption of the product at all. Companies that use attitude
branding include: Nike, Starbucks, The Body Shop, and Apple, Inc.
Iconic brands are defined as having aspects that contribute to the consumer's self-
expression and personal identity.
Derived Brands
Some suppliers of key components may wish to guarantee its own position by
promoting that component as a brand in its own right.
For example, Intel, positions itself in the PC market with the slogan (and sticker)
"Intel Inside. "
Online Branding
Branding, as a whole, is essential for any serious business because a companys
brand is what distinguishes it from its competitors. In todays computer age,
While Internet branding offers huge opportunities for business, in order for it to be
effective, one needs to attract and engage its customers. This isnt easy on the
Internet. Branding is not as easy as putting up a website and adding your company
logo and slogan. Your Internet branding strategy should make your online brand
noticeable and apparent.
Branding utilizes hi-tech tools to create an online presence for your business.
Graphics and animation, compelling web copy, and overall website design that
reflect your company are some of the important elements that will bring your online
brand alive. An attractive website that helps customers easily and quickly find the
information they need is the key to getting customer interaction and eventually,
business. Your branding plan should include good design elements and ease of use
to create an effective overall impression.
A lot depends on the impression they get from your website. Branding seeks to
convey an immediate unique message about your business to your target clients.
Multi-brands Strategy
A supplier can deliberately launch totally new brands in apparent competition with its
own existing strong brand (and often with identical product characteristics) to soak up
some of the share of the market.