Brand Building Model: - 4 Steps of Brand Building - Brand Building Blocks - Brand Building Implications
Brand Building Model: - 4 Steps of Brand Building - Brand Building Blocks - Brand Building Implications
Brand Building Model: - 4 Steps of Brand Building - Brand Building Blocks - Brand Building Implications
What about you & me? 3. Response What about you? 2. Meaning What are you? 1. Identity Who are you?
Brand salience
What basic function does the brand provide to customers? Breadth & depth of awareness Product category structure
Water
Flavour
Alcoholic
Juices
Brand performance
PRODUCT ITSELF IS AT THE HEART OF BRAND EQUITY, BECAUSE IT IS THE PRIMARY INFLUENCE ON WHAT CONSUMERS EXPERIENCE WITH A BRAND, WHAT THEY HEAR ABOUT A BRAND FROM OTHERS, & WHAT THE FIRM CAN TELL CUSTOMERS ABOUT THE BRAND IN THEIR COMMUNICATIONS: Designing & delivering a product that fully satisfies consumer needs & wants is a prerequisite for successful marketing To create brand loyalty & resonance, consumers experiences with the product must at least meet, if not actually surpass, their expectations
Brand performance relates to way in which the product/service attempts to meet customers more functional needs: How well does the brand rate on objective assessment of quality? To what extent does the brand satisfy utilitarian, aesthetic, & economic customer needs & wants in the product or service category? There are 5 important types of attributes & benefits that often underlie brand performance: 1. Primary ingredients & supplementary features 2. Product reliability, durability, & serviceability 3. Service effectiveness, efficiency, & empathy 4. Style & design 5. Price
Brand imagery
Brand imagery is how people think about a brand abstractly, rather than what they think brand actually does. Imagery associations can be formed: Directly: from consumers own experiences & contact with product, brand, target market, or usage situation Indirectly: depiction of these same considerations as communicated in brand advertising or by some other source of information, such as W.O.M. 4 categories can be highlighted: 1. User profiles 2. Purchase & usage situations 3. Personality & values 4. History, heritage & experiences
Brand judgement
How customers put together all the different performance & imagery associations of the brand to form different kinds of opinions. 4 types of summary judgments particularly important: 1. Brand quality 2. Brand credibility 3. Brand consideration 4. Brand superiority
Brand quality: There are a host of attitudes customers hold towards a brand, but the most important relate in various ways to perceived quality of the brand Other notable attitudes related to quality pertain to perception of value & satisfaction Brand credibility: Perceived expertise: competent, innovative, & market leader Trustworthiness: dependable & keeping consumer interests in mind Likability: fun, interesting, & worth spending time
Brand consideration: How personally relevant is the brand Depends on extent to which strong, & favourable association created as a part of brand image Brand superiority: Uniqueness Absolutely critical to building intense & active relationship with customers
Brand feelings
EMOTIONS EVOKED BY A BRAND CAN BECOME SO STRONGLY ASSOCIATED THAT THEY ARE ACESSIBLE DURING PRODUCT CONSUMPTION OR USE: Researchers have defined transformational advertising as advertising designed to change consumers perception of the actual usage experience with the product Following are 6 important types of brand-building feelings: 1. Warmth 2. Fun 3. Excitement 4. Security 5. Social approval 6. Self-respect First 3 types of feelings are experiential & immediate, increasing in level of intensity Later 3 are private & enduring, increasing in level of gravity
Brand resonance
RESONANCE IS CHARACTERISED IN TERMS OF INTENSITY, OR DEPTH OF THE PSYCHOLOGICAL BOND THAT THE CUSTOMERS HAVE WITH THE BRAND, AS WELL AS THE LEVEL OF ACTIVITY ENGENDERED BY THIS LOYALTY: 1. Behavioural loyalty 2. Attitudinal attachment 3. Sense of community 4. Active engagement Finally, perhaps the strongest affirmation of brand loyalty is when customers are willing to invest time, energy, money, or other resources in the brand beyond those expended during purchase or consumption of the brand Strong attitudinal attachment or social identity or both are typically necessary, however, for active engagement with the brand to occur
THE IMPORTANCE OF CBBE MODEL IS IN THE ROAD MAP & GUIDANCE IT PROVIDES FOR BRAND BUILDING: It provides a yardstick by which brands can assess their progress in their brand-building efforts as well as guide for marketing research initiatives
Customers own brands: THE BASIC PREMISE OF THE CBBE MODEL IS THAT THE TRUE MEASURE OF THE STRENGTH OF A BRAND DEPENDS ON HOW CONSUMERS THINK, FEEL, & ACT WITH RESPECT TO THE BRAND: Though marketers responsible for designing & implementing most effective & efficient brand building programmes, success depends on how consumers respond
Dont take shortcuts with brands: Consumer INTENSE, ACTIVE LOYALTY Brand resonance Consumer Consumer POSITIVE, ACCESSIBLE, Judgements Feelings REACTIONS Brand Performance Brand Feelings
P.O.P & P.O.D.
Brand salience
A GREAT BRAND IS NOT BUILT BY ACCIDENT BUT IS THE PRODUCT OF CAREFULLY ACCOMPLISHING EITHER EXPLICITLY OR IMPLICITLY A SERIES OF LOGICALLY LINKED STEPS WITH CONSUMERS.: The length of time to build a strong brand will, therefore, be directly proportional to the amount of time it takes to create sufficient awareness & understanding so that firmly held & felt beliefs & attitudes about the brand are formed that can serve as the foundation for brand equity.
THE LENGTH OF TIME TO BUILD A STRONG BRAND WILL BE DIRECTLY PROPORTIONAL TO THE AMOUNT OF TIME IT TAKES TO CREATE SUFFICIENT AWARENESS & UNDERSTANDING SO THAT FIRMLY HELD & FELT BELIEFS & ATTITUDES ABOUT THE BRAND ARE FORMED THAT CAN SERVE AS THE FOUNDATION FOR BRAND EQUITY