Brand Strategy
Brand Strategy
Brand Strategy
Introduction (OUASSAMA)
The area of branding has emerged to a top priority for management in the last 20 years. In
fact, brands are one of the most valuable intangible assets within a firm. The brand name
encompasses the years of advertising, good will, quality evaluation, product experience and
other beneficial attributes the market associates with the product.
Customers everywhere respond to images myths, and metaphors that help them define their
personal and national identities within context of world culture and product benefits.
Brand equity, brand management, brand awareness, brand positioning, brand culture, brand
strategy, brand functions and brand environment are all conjugated of one single noun: brand.
The word “brand” finds its origin in ancient times where livestock, criminals or slaves got
permanently marked with a branding iron to identify ownership.
According to Ries and Ries a brand is a special word in the mind of consumers: a noun, with
the power to influence purchasing behavior.
In the same order of identifying and possession, the American Marketing Association (AMA)
defined a brand as: "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 from those of competitors".
Keller takes a wider perspective making a distinction between the brand definition as set by
AMA and the industry's concept of branding. Keller adds tangible and intangible brand
elements, rational and emotional brand elements, and symbolic brand elements which
differentiate and indentify a brand. Hence, Keller's definition is taken from a more holistic
point of view: "A brand is therefore more than a product, because it can have dimensions that
differentiate it in some way from other products designed to satisfy the same needs" for
example the war between coca cola and Pepsi, it’s the brand that Leeds a consumer to choose
one of the two soda firms, We can resume what we have said, in this layout, a brand is a
person’s gut feeling about a product service or organization, ultimately, your brand is not
what you say it is, it’s what they say it is.
Case 1: Your brand has a respectable market share but you want it to grow. What do you do?
– Address segment needs more precisely
How can you use the equity of the brand name to address segment needs even better?
Sub-Branding
Creating new brands which are part of the parent brand family – expressed as suffixes of the
parent brand. For example Nike Air Jordan is a sub-brand of Nike which is the parent brand.
Umbrella-Branding
When you have many sub-brands, each linked to a common brand, and then the common
brand is known as the umbrella brand For example Ford is known as the umbrella-brand of
Ford Focus, Ford Ranger, Ford Five Hundred, Ford Freestyle, Ford Expedition, Ford
Thunderbird, etc.
Case 2: Your brand has a respectable market share and you want to protect it from growing
competition. What do you do?
- Address that section of the market which does not buy your product
How can you attract customers who do not buy into your brand’s equity?
Flanker Brand:
Purpose: Pre-empt competition, cover the market more completely (protect your flanks)
Problem: some cannibalization is expected. For example Thumbs Up and Coca Cola in India,
Tide and Cheer from P&G.
Case 3: Your brand is strong in your current market. The market is saturated and you are
looking to diversify. What do you do?
Line Extension; same brand name, different product in the same product line. For example:
Ivory soap and Ivory shampoo,
Definition of Equity: the commercial value that derives from consumer perception of the
brand name of a particular product or service, rather than from the product or service itself.
-The second essential element is values. Consumers buy and use brands because their values
match the brands' value. To keep brands more unique, latest, and relevant and at the forefront
of customers' minds, it is necessary to have strong links between core brand values and
positive customer experiences.
Core brand values are differentiated from those of their competitors and can be expressed in a
small number of words, and positive customer experiences are the fulfillment of the brand
promises.
- The third element in the scheme is proposition. It means what kind of communication tools
the company chooses to tell about the brand to the domestic or international markets and
various stakeholders in the same business industries.
4.3 How to define your Brand? (REDA)
MARKET POSITIONING
– Clearly define your niche and brand promise
– Understand how you fit into your competitive landscape
BRAND ARCHITECTURE
– Are you part of a group, consortium or national organization?
Or does your brand exist alone?
BRAND ASSETS
– Brand colors, fonts, design styles
– Logo variations
– Digital and print usage parameters
Look Back
REVIEW AND UNDERSTAND THE STATE OF YOUR BRAND
– “In a sector where more than 1.5 million organizations compete for
dwindling resources to carry out their missions, a solid brand identity helps
tell an organization’s story. It sets expectations, gains attention, fosters
relationships and ultimately helps ensure long-term survival.”
GATHER AND ANALYZE
– Surveys, polls, social monitoring, general feedback
– Site assets / artifacts
– Brand history
Look Around
UNDERSTAND BRAND PERCEPTION
– Brand story, tone, visual design
– Collateral – “Put everything on the table, does it match?”
IDENTIFY YOUR AUDIENCE
– who are you communicating with?
– what are the audience groups and segments?
CONDUCT USER RESEARCH
– what do your users think of your brand?
– where do they see inconsistencies?
UNDERSTAND THE ENVIRONMENT
– Determine your support group
– Identify challenges
– Analyze the competition
– Staff expertise and ownership
Look Ahead
SET GOALS FOR FUTURE ANALYSIS
– 1 Year, 3 Year, 5 Year, 10 Year
MILESTONE BRANDING
– Event
– Anniversary
– Campaign
A LOGO REFRESH
– Your Mission is not changing
– Your tone is not changing
– Your Voice is not changing
– Something is not working
– You need an update!