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Free Essays - Marketing Essays

Branding Competition

Unleashing the Power of Branding

Introduction

Rivalry and competition in a global business environment is tough and achieving a unique position in the market, as well as having a name and brand, which customers would recognizes and not forget, is a competitive and sometimes a daunting task, and is becoming more and more difficult and expensive. In any scenario such as corporations, small to large enterprises around the world are increasingly becoming aware of the enhancement and superiority value, not only with what branding can provide but also how you can work constantly towards enhancing their brand value and reputation. This may be to gain a market and also acquire a particular market trend of people for repetitive customers including service and loyalty. Branding and the role of brands, as traditionally understood, have been very important from every company perspective.

A brand can convey personality, speak or even boast about a buyer’s value. At the same time, they human mind can associate the brand with different product and service related attributes such as organized, durable, reliable and pleasurable (Macrae, 2001).

As an illustration, someone looking to purchase a Mercedes may value high performance, luxury/prestige as well as safety. Hence, a brand may attract people whose actual or desired self-images are matching with that of a brand. As many literature and research is available on the subject of branding, the scale of benefits, which can be attributed directly or indirectly to branding, is yet to be clearly defined.

So on that note, this brief will look at analyzing how much a role emotion plays in branding and insight into different branding techniques as well as how brands differentiate themselves. During this process, we will assess the vital role (involved and played) of internal customers as brand advocates.

The importance of power and value of branding is increasingly been realized within the academic and management community. The importance of shaping an organization image as clear vision by its intended audience is the reason this brief focuses on the internal audience. There will be thorough discussion into Loyalty, as a customer’s loyalty often relates to a brand’s core strength. The research will also try to examine the correlation between brand and customer perceptions, and what can be done to strengthen that core relationship between the two to not only attain customers’ expectations but also exceed it.

The focus is not only on the role of branding but also how it has changed over the past few years. It will examine how the concept of branding has transformed in the wake of changing business environment and in a competitive and more demanding environment. It also looks to assess the effectiveness of branding within the current business climate and today’s business world, to analyze how customers develop an opinion about a brand (thought process and influence process) and how loyalty and branding are interlinked.

Literature Review

A series of rapid transformations within all industry sectors in recent years, are having a profound effect on how industry providers must now use methods to approach departments such as their marketing and sales. International low level but comprehensive competition, the differences in new technologies, product and services, monopolies, reformed regulation, and flattened prices are all significant factors.

The best ways is through something called: effective branding. The brand is not only a verbal abut also a visual identity of how companies and businesses communicate not only features but also benefits of their products and/or services to not only their target audience (customers), but also prospective customers (buyers), and/or business influencers. The brand includes their innovative and unique log, tag line, brand statement strategy (ies) and/or promise, including: series of communication their would rely about their distinctive products and/or services. A brand plays an important role in market economy not only it benefits ultimate consumer but also to the company itself.

Branding has been a central and vital element in the introduction, growth and successful development of organizations. They are seen to take the guesswork and uncertainty out of choosing, so long as they are operated within strict guidelines to ensure that the brand offer is identical. This uniformity is seen to bring benefits not only to the customer but also to the operating company. The research will look into the various brand functions and will point out the more relevant functions in the organizational context. It will also try to bring out any other function which the brand may perform.

Companies when their build their unique brand, the most important factor they face nowadays as well as more challenging is that of the marketing objective(s). A strong and winning brand has major distinctive equity and permanent value. As a result, in-depth planning including: thought and analysis must go into not only building and creating the brand but also in communicating the brand over a time frame.

History of Branding

Branding has emerged quite a lot between 1990’s and 2000 – specially a significant emphasis (not only on companies and their products) but also on governmental organisation (municipalities), ad hoc campaigns, universities as well as on non-profit organisations and “individuals” [according to BSI, 2006], “Branding has became ubiquitous” [BSI, 2006].

However in this modern age, we have something called modern day branding; this is on a 50+ years timeline and it is in its infancy (modern day branding started off in the 1950’s). Modern branding was formed or developed (or so called) born of the television and the need for drive consumption to a mass market. Communicating with a vast market required (and still requires nowadays) some form of broadcast (TV, Radio and Internet). Also it has been reported that the drive to differentiate a product on a shelf is a driving force behind “branding” methodologies and the rise of agencies.

Branding has focused on product and communications for over five decades. A huge appeal to people is that, the fundamental requirements and needs for which branding prompted (originated) from, it came as a consequence and/or a result into assuring honesty, provide some type of quality assurance, identify and (declaration) source (of) and/or factors not only as hold producers, but also like ownership and manufactures responsible, including: differentiation, a type of unique identification and/or to only generate but also to create emotional bonding.  Introduction to Brands

Branding

Many successful brands have not only created in the past – but still creates not only a special but also a unique relationship with its customers, this is because they are based just not on clear physical (tangible) benefits, but as well as, on intangible attributes that suggests – “strong emotional responses” [CIM, 2007]. Branding is a complex process with a simple goal. It is the creation and development of a specific identity for a company, product, commodity, group, or person and is carefully designed to present qualities that its creators believe will be attractive to the public’. (Baker, 2002; pg 112) Kotler (2002) defines a brand as an identifiable product augmented in such a way that the buyer or user perceives relevant unique added values which match their needs most closely. Its success results from being able to sustain these added values in the face of competition. This definition emphasizes three aspects of a successful brand, the brand is dependent on customer perception, perception is influenced by the added-value characteristics of the product and the added value characteristics need to be sustainable. The brand, thus, plays a crucial role in helping the consumer to infer the consumption benefits pertaining to a specific product. Various researches carried out by Ernst and Young (1999) have also endorsed the fact that a product’s brand name is an important factor in a customer’s decision to buy products. Strong brands championed by passionate leaders have become the body and soul of the modern business (e.g McDonald’s etc). It is strongly being believed that branding will become one of the most prominent drivers of value in future.

This so-called “brand loyalty” has made in the past a substantial impact in on a companies performance. It also had a positive impact on the economy in general. [CIM, 2007].

There are seven steps in understanding how branding works and also same steps are taken in creating a successful brand(s). These are as follows:

As covered earlier - brands and branding is just not an identity - brands have always been and/or are (and) will be customers experiences (more: unique customer experience). A brand is normally built and created from a variety of diverse and different experiences (medium)

Each of the medium displayed in the above diagram - has its own brand attributes and this changes constantly and appropriately. The fundamental and main rule of branding is that you not only need to be consistent across the medium (media), but also need to exceedingly meet their power. Eg., “if a particular advertisement works television (successfully) and/or on out-door advertising – this doesn’t necessarily mean it would work online”[BrandChannel 2003]. When drawing and coming up with a plan, design and management strategy for your brand it is imperative that the brand and branding itself makes a consistent promise to the customers / clients. The promises then have to be matched to actions and it should be made sure that the promise if fulfilled. Brands can be also regarded as an interactive medium - the stronger the relations, communications and value, the stronger the brand are. Stronger and robust brands gives companies to manoeuvre, especially at crises situations (re-branding)- for example, at the time of product or services recall. Thus, we can believe that brands are “conceptual and emotional”[Inderscience, 2005].

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Definition: What is a brand?

One principal definition of a brand is as follows [Emerald, 2005]:

A brand is a combination of a logo or a design, it can also consist of a name or a combination of the three, that is projected to link the goods and/or services of one’s business or a cluster of businesses to act as a differentiators.

[PWC 2002] reported that (Wolff Olins) a leading and the most influential branding consultancy {The Company who did the branding for the London 2012 Olympics and does branding for GE’s product and services}, defined a brand as:

From these quotes, you can clearly get an overview that, firstly with regards to branding; you have an emblem (an identify) –{motif} that links to goods (products) and/or services – which is owned by a business and/or a group of businesses- that exclusively differentiates from its competitors. All this can only happened – if it’s only properly managed – and has created an influence and generated some kind of value (internally) and by its customers – and only – this will generate the return on investments and cap the profits – drive sales to its customers as well as meeting the key points indicator – for the market the business is in – and see it inline with the current trends and market perceptions – to outright its competitors and win the hearts of its customers – where then the loyalty would be in-place – so a repeat of products and/or services would be available.

It is widely believed and has been established as a fact businesses and corporate companies, which spend and maintain leading brands normally evolve and thrive (do well) – not only their achieve ROI (return on investments) and cap their profits and hit sales high but also achieve those relationship with customers (loyalty) so end-to-end customers keeps returning to that brand, while the ones which fails not only are left to struggle but also battle for the lower profit margins in their respective markets.

Here the world’s top 10 brands will be looked into in 2002 (measured by value):

The ‘Top 10 brands’ data depicted above raises some crucial questions-– for instance - why do businesses and companies, likes the instances of Coca-Cola, Microsoft, IBM and Nokia appear to attain a international marketing success and hit sales cap so high so easily and rapidly? And why does it emerge for others an extra effort? The other question from the consumer’s point of view is why do we feel (consumers), feel obliged as well as loyal to brands such as the above – as soon as we are insight of their logo and/or motto – we are reaching deep into our pockets to buy their products? These questions are further answered within this brief.

Brand Value

Brand value is determined by an understanding of likely future performance and predicted cash flows. Stakeholders concerned with brand equity are the customers, the distribution channels, media and other stakeholders like the financial markets and analysts, depending on the type of company ownership. It is worth pointing out that it is the customer’s subjective evaluation of the brand that builds brand equity. First, customers develop more favorable attitudes toward the brand and therefore are more likely to purchase the brand. Second, customers have increased positive feelings for the brand and therefore are less likely to purchase a competing brand. Third, the customer’s positive attitude and feelings toward the brand also increase the likelihood that the customer will recommend the brand to others, thereby increasing the probability that another customer will choose the brand. (Rust et al., 2006, cited in Web 5). The study will not delve deep into the different metrics as it is beyond the scope of the research but it will refer to brand equity from time to time to point out the strength of the brand.

Corporate Branding

To create and manage a successful corporate brand it is imperative that you know your brand inside –out and it has to be so that this “one” shot you have stimulate and inspires confidence as well as a belief in your company and its products and/or services - across the board and over a wider array of involved and involved factions, arrays ranging from industry regulators to employees, and even suppliers and manufactures.

A report published in 2002 highlighted that it is imperative that corporate companies remember the three key words to be successful in creating a cooperate brand: Research, Planning & Leadership, and Consistency [Brand Channel, 2002] - to this corporate companies need to make sure and they need to remember as well as adhere to the below listed points – which would lead to a successful brand – these points are as follows:

Keeping a Product Young and Fresh

One of the important variables of any brand management scenario – is that to need to keep the brand upto date – “if there is any instances that would kill a brand, it’s often age” [Gordon - Pringle, 2001]. Brand products and/or services doesn’t need to be revamped or redesign fiscally, however it is vital that the branding which it represents (including the market its in) the product and/or service requires brand revival or called “revitalisation” [Marketing, 2003] so that it receives and gets the appeal required (to sell), from audiences (consumers).

The ageing of products makes the brand less exciting and the brand identity starts to lose ground and momentum. It is rare but also sometimes true that to get products and/or services from companies which shock consumers – and rarely need re-branding for a quite longer period of time, however, there is always something in the pipeline for all products and/or service – which is an expiration date of that (product/services), in serious necessity of an image and a vision overhaul. Branding is not about just getting it right and advertising and marketing – it is also further about “keeping a product and/or services young, fresh and appealing at all times”. Therefore, businesses need to remember to “fresh branding” as it is required in requisition to keep an ageing product and/or services fresh, young and revitalised.

Illustration

The brand identity and value concept discussed earlier in the text is highlighted with the Subway brand. Subway is a reputed fast food brand selling sandwiches, salads etc. It emphasizes its brand identity on the basis of trust. It believes that if the brand is trustworthy, it reduces anxiety and doubt in the customer’s minds. When a ‘health’ food like sandwiches and salads are advertised by an entirely unknown name, consumers are much more cautious about buying it than if it comes from a name they know (e.g Subway). Consumers don’t want to comprise their health, therefore do not trust an unknown name because there is no guarantee that the lesser known name will meet their dietary expectations. On the other hand, when they know a brand, they are certain of the product meaning their expectations. However, this building of trust in the sandwich and salad market is not instantaneous , it takes time. Only if the food adheres to customers needs, they will come back to do a repeat purchase and eventually turn loyal and at the extreme end will act as a brand enthusiast and advocate. To achieve this position, the fast food chain has to be fairly consistent in their offerings. Most fast food chains know that keeping the long-term trust of the customer is central to their success and many companies do deliver this trust (e.g McDonald’s, Subway). ‘In interactions between people and organizations there has to be a congruency between what is offered and what is delivered. This is the basis of trust’. (Macrae, 2001; pg 82). Brands are increasingly being used by fast food companies to create a bond with their customers.

Branding after a Recall Crisis

When product and/or services gets recalled and go through something so-called a recall crisis, this clearly states that the product and/or service is a failure – and due to this the increasing and/or collection of startling products and/or services failures – regarded as a crises – and on this capacity when it reaches maximum – the entire industry looses its “niche” – a “niche” is a very important factor in branding as well as in marketing.

A current issue faced by many large companies and businesses is that whenever one product and/or service brings flaw or attention – consumers will also notice other products and look at, for problem areas in other products and/or services, it all becomes a target for a so-called “recall uproar”. [Brand Channel, 2002].

It has highlighted by researchers in the past that the public sometime and will excuse recalls. But only if manufacturers and suppliers are swift in confronting the situation (which starts a recall) and by being extremely careful to avoid as well preventing another instances of recalls and more naming, shaming and blaming, when the orignal and initial out lash has expired, then that is the time when you get everyone across the board including management and pull your marketing team together and spend as much resources as possible on recovering the brand and come up with a unique and winning campaign which enables to pull in sales and win back the consumers faith in the product and/or services “spread very positive publicity about the brand and product in question” [Power PR, 2006].

Design and Emotion Branding

Many of the very successful and thriving companies and businesses have used in the past, the “four pleasures framework”[CUG, 2006] in their products, services and marketing development processes. The framework is a common structure and a method of tool used by many companies and businesses – specially the successful ones from many sectors.

The fundamentals of products and/or services are that it should bring pleasure and satisfaction to those who purchase and use them and profit ROI to those who create them – to this in achieve companies and businesses must connect with the consumer in a convincing and winning manner. In creating an effective, efficient and innovative products and/or services can be achieved by designing products and/or services that meet both practical (realistic) and emotional requirements. This can be achieved by having a inner (deep) and thorough understanding of people (consumers) requirements and needs, this can be achieved by designing the products and/or services for that people, so that the consumers will want to buy and that they will find it useful and enjoyable and so that customers and (consumers) become loyal to the services/products and comes repeatedly for consumer purchase.

The four pleasures framework – includes and which- divides (differentiate) maps human (consumer) experience and enthusiasm into the following four sectors (areas):

Below is an example of well-established companies that over the years have used the framework for their strategy for branding: these consist of companies as varied as:

Brand Positioning

The term brand positioning is where, how customers look at a (the) brand (product and/or service) within the market or sector there are in and it is also where they get to know what similar products and/or services offered by the competitors.

Normally, the approach taken by many companies and businesses is that brand position can be achieved through advertising and promotions in a way to inspire and influence consumer’s perceptions of a particular companies brand(s).  However, in today’s business world of busy agendas and non-stop communications, companies and businesses need to find different ways (thorough as well as diverse) to position their brand(s).  By not only listening but also understanding to customers requirements and needs and making changes internally as well as externally, “you can build your brand position organically” [BrandCurve, 2007].

Organic (orignal) brand positioning is a re-active strategy process, this is because it requires to not only listen to the customers needs, but also, it is an effective strategy for communicating the product and/or service to the customer(s).  It is imperative to position the brand as you need to also look at everything that affects the branding image - (or have influence on), and therefore, customer’s perception of the brand. A range of areas you can possibly look at is, from advertising, pricing to customer service, and possibly every part of the business –normally some form of effect is there for customer’s overall perception of your brand.

Below are three major steps on how to develop your brand position organically:

As a result, an overview is that if any of your customers senses the brand as representing in either poor customer service or portraying poor marketing, you need to make sure that the necessary changes is implemented to ensure that the market you hold of (customers) will get first class customer service going forward, and also making sure that your customers hear about these changes – Basically, make the essential (needed) internal changes to meet your customers needs, which will in turn have customers leading to the brand experience.

Branding Timeline

Earlier reports have shown that it takes the same time to create and build a brand as it takes a company and/or business to build a reputation (with consumers) [BrandChannel, 2003]. The complexity of this theory is not that you have to be focused and your brand strategy is in place, but making sure that the strategy is differentiated and consistent across the board, all the time. It can take years to come to the main focus and it is imperative that it all depends on the memory (re-call) and honesty of the brands target audience.

For example, [BrandChannel, 2003] reported that it took around 15 years for the company - sports wear giant: Nike, to build not only one of the strongest but also the most successful global brands (in its sector), and this is because it had:

(1) A focus on brand positioning and bran differentiation

(2) And was consistent 360-degree, specifically in delivering

(3) And finally had an association with and had “Michael Jordan,”[BrandChannel, 2003].

Brands - Brand Names

Brand names are where you have the branding names which consumers identify the legacy of the product and/or service. It is also where it represents some kind of brand identity for product and/or services for companies and businesses. This chapter does a detailed theoretical discussion on the theory of how brand names are chosen and identify the importance. The theory in marketing recommends that there are normally three main types of brand names, these are:

Family Brand Names:

A family brand name is where the company is founded on legacy – and a family brand name is normally used for all products across the board (range). It has been mentioned that all products and/or services that use the brand can benefit from this by building customers trust, confident and loyalty to the family’s brand name. Some good examples include brands in the food industry: including the likes of cereal company Kellogg’s, and such as Heinz and Del Monte. The disadvantage within using the family brand names as well as family brands itself - is that, if one of the product and/or service gets bad publicity or fails in the market then it would create a problem and damage the status and reputation of a whole range of brands (products) across the board.

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Individual Brand Names:

An individual brand name is where it has a unique identity and doesn’t relate to and/or doesn’t identify a brand with a specific company or business. In an example, for instance take the scenario of Heinz. Heinz is regarded as a leading global food manufacturer and supplier with a very strong family status in its market and has a valuable and winning world-class brand. However, it also operates and trades under many well-established individual unique brand names. “For examples take Farleys (baby food), Linda MacCartney Foods (vegetarian and vegan meals) and Weight Watchers Foods (diet and slimming meals as well as health supplements)”[BrandCurve, 2007].

However, you would ask the ultimate question on this is that why does a huge successful company likes of Heinz uses individual and unique brand names when it already has such a strong family brand name, right! – This is because of several factors and reasons – however the main factor why a brand needs a separate unique identity distinctive to the family brand name, is that:

The product and/or services may be in competition in a new market segment (division) where if failure occurs - could harm and damage the main family brand name.

Combination of Brand Names:

The idea of a combinations of a brand name is to provide some association or connection for the product and/or services with a strong family brand name but preserving some motion of distinctiveness, so that customers (consumers) know what they are getting. A good example of combination brand names includes Microsoft Office and Microsoft XP in personal home and business computing software and Heinz Pet Foods and Heinz Tomato Ketchup.

Some features of good name branding - a good brand name should include and companies should adhere to these points:

A use of numerals is recommended [BrandCurve, 2007] when accentuating technological features.

Do not violate or infringe existing brand names, which are registered.

Internal Branding

With each passing day, more companies and businesses are pronouncing it important to increase their workers understanding and dedication and support of their brands essence, assurance and integrity. They are aware and they know that they must achieve and attain integrity between what the brand articulates about itself and how it actually behaves as well as performs. Therefore, they must understand that consistently and reliability in delivering the brand promise (contract and assurance) at each and every phase of customer communication is imperative and critical to their success.

Given below is a list of some of the regularly occurring collective problems (issues), that companies and businesses encounter (come across) when trying to implement new brand management strategies and/or programs:

According to [Adair, 2005], the following should be imperatively be addressed, to establish the necessary change required:

Internal Communication Channel – is where you ask are you using correct methods internally to communicate brand priorities, strategies and positioning?

Performance Appraisal – is where you need to ask yourselves - do you provide a means of channel - feedback on how well individuals as well as groups are delivering against the brand promise?

Rewards and Recognition – is where you ask do you recognize and reward people who have furthered and exceeded major brand goals? Do you compensate and remunerate people for achieving the brand objectives?

Customer Experience Management

Customer Experience Management (CEM) is the system (practice) where you capture customer experience information, wherever and whenever it occurs and happens, and constantly provisioning it to people in businesses and companies - who can make it possible for business changes, based on that information.

Every time a customer networks and interacts with the business and the company, whether it is by telephone, seeing the ad, visiting the website or visiting the store, it is the results of a type of customer experience – and this experience is remembered by the customer. The key or sources to people involved in this interactions are; customer service agents, or through direct mail, website, advertising or online chat – these are called “touch points”. Each and every touch point is an opportunity and prospect for companies and businesses to satisfy their customers by fulfilling the brand promise.

Customer Experience Management is a solution and a system which uses a feedback channel, information collected from the customers directly at “touch points” to assist in the answering questions for the likes of: What was the customers experience during each interaction, how did the customers find it? Was it good or bad? You can then use this to initiate positive changes from the customers’ answers.

It has been mentioned by many branding companies that today’s consumers and businesses have apparently many available choices as well as alternatives of products and/or services, that are difficult to differentiate. As a result of this, it is essentials for companies and businesses to find ways to set them apart (differentiate), so that they can attain and retain customers to continuously stay competitive. Customer Experience Management is also known for a practice where you continuously closing the differences between the customers promise and the customer experience delivered (provision).

Just as companies and businesses thought it was reliable to “get rid of” the CRM lexis, a new term and word has recently entered the marketing environment – a so-called relationship vocabulary – Customer Experience Management - CEM.

To some companies and businesses, CEM is just another motto created and invented by management consultants and CRM software suppliers. To some people it is of building a strong 1-to-1 relationships, especially with high growth potential customers, with high value.

A more integrated and co-ordinated approach to CEM, is that a key and a pitch between building a successful relationship management strategy and its consumers. It is imperative that it is also be a key factor of the brand management strategy.

Traditional marketing channels are built using brand expectations - the delivery of this takes place through customer interactions. No matter what the products and/or service are, people will remember experiences more than products and/or services, especially the very good or very bad experiences the customers have had.

Brand Market Perception

In assessing a brands perception in the market, one of the first steps for strategic marketing is (assuming it is an existing brand), that through talking to the market you can achieve the brands perception in the market. It is more about communicating to the customers; it is also more about communicating to those who influence the customers.

According to [Marconi, 2000], after discussing to the strategic influencers within a group of influences, you gain vast market perspective about a brand. It assists the companies and businesses to lay and position the foundation for developing a strategic marketing plan for that brand. In general, the rule is you speak with 40 to 50 members of this Circle of Influences. To achieve this type of brand market assessment - it may take about 60 to 90 days to do

Customer Loyalty

Customer loyalty is where the initiative of a customer to choose one business and/or product over another for a particular need and/or reason.  In an industry, where goods are packaged and customers can be seen as exuding “brand loyalty”, because they tend to prefer and selects a certain brand of toothpaste more often than others.  Customers may express and articulate (communicate) high satisfaction levels with a company in a survey carried out, but you need to remember whatever the results – satisfaction may necessarily transform into “loyalty”. The loyalty, satisfaction relationship is asymmetric, customer satisfaction does not necessarily imply customer loyalty (customer satisfaction is at an all time high; customer loyalty is probably at an all time low) (Oliver, 1999).

Customer Loyalty has developed and converted into an expression for the end result of many marketing methodologies and tactics, where customer data has been (is) used.  In the likes of Database Marketing, Marketing Permission, Marketing Relationship or CRM, and what its is really about is that trying to increase “customer loyalty” therefore, getting customers to indicate and select to buy or visit more.  Increased and augmented, customer loyalty is the end factor as well as result, the desired and required advantage.

Customer loyalty is an effect of well-managed customer retention and preservation programs; customers who are carefully targeted by retention programs exhibit and show higher loyalty to businesses and companies.  Many of all the customer retention programs rely on communicating with customers, providing them with encouragement to remain active, loyal and choosing to do business with a company.

Organization, want customers take action and want them to look and remember the ad campaign, visit your website, make a purchase or sign up for a newsletter.  And as soon as and they do it for the first time, the companies and businesses have captured them - you want them to continually do business with you, specially since you paid huge capital to get them to do business with you for the first time.  Companies don’t want to pay huge capital the second time.  “Loyalty is about creating a customer who engages in profitable behaviour”[BrandChannel, 2006].

Most companies and businesses used something called “customer data and models”, which were able to predict, which customers are most likely to respond to and become loyal, it doesn’t matter what kind of front-end marketing program the businesses and companies are running or how you put it together and present it to the customer.  The whole point of these systems is that the data will tell you who to promote to and how to save valuable marketing capital in the development process of creating customers that are loyal to you longer.

There are many strategize and plans for successfully achieving loyalty with customers – all companies and businesses should ask themselves do you have a detailed and precise plan for building customer loyalty? The following four factors will greatly influence, the organizational capability in building a relationship with their customers:

Future Brand Issues

The future of brands is not permitting the link to the future of business. As reported by [Roberts, 1997] the future of brands is the future of business only if it’s regarding sustainable wealth creation - Furthermore, because in this day and age the interaction of brands with society, the future of brands is also not permitting linked to the future of society.

The likes of the many successful telecommunications and technology brands have already revealed how fast they can progress in the market (their are in) if they understand and act on consumer and business trends in the correct way for instance looking at Nokia, software giant Microsoft and the likes of Intel. Their main challenge is to maintain their position (rank in the market there are in as well as status of the product) and sustain their value.

Therefore, these companies and businesses as well as many other - mainstream successful companies and businesses have to not only continuously innovate but also critically deepen and extend - the “brand relationships” with customers further than the level of technological competency. This is because if they want to hold the long-term value, they will have to implement and portray the brands in a way that they will need to be emotionally as well as technologically appealing.

Another factor on the future of branding is that the current brands, which are product based, will find it difficult than services and/or retail brands - to extend and broaden the necessary relationships needed with their audiences (customers). This isn’t because these companies and businesses are investing in their marketing support and systems in retail distribution, instead of spending it on consumer communication. It is also, because in the current climate and in their current form, they are short and in deficit especially in the ability to control the total customer experience and so connect their audiences as fully as possible. Chapter 9 of this brief highlights the increasing importance of experience in brand positioning, and we should expect to see in the future many more manufactures and retailers: [BrandChannel, 2006] product based brand companies developing their own retail experience and direct relationships with their consumers, both offline and online.

Approach Adopted or Research Method

Auditing the Brand

If anybody Google’s the word’s “Brand Audit” [Avery, 2005], you will find that everybody describes and characterize it differently. You will find that some of the suggestions you will find is that a brand audit to be basically a visual audit of marketing materials. It has been reported that other people claims that an appraisal of verbal terminologies of the brand should be included. Some also requires more complex quantitative revision and studies, meanwhile others rely on qualitative research methodologies.

In spite of the methodologies and protocols that are used to ultimately judge and be used appropriately for the brand in question, it is recommended that every brand audit and that stage it includes a close assessment of certain and/or all of the following factors:

In regards to the foundation and framework of brand auditing , it is imperative for organizations to define the scope of brand audit in the wake of the brand situation. Here are some of the determining factors:

By answering the above questions in advance as possible, the brand audit is certain with assurance, to deliver insightful, informative and actionable information to help you build brand advocacy.

Companies and businesses need to remember: There is no brand until a company and/or business has made a clear vision, connection and demonstrated the return from a specific market segment. Successful companies and/or businesses are only in business to not just to make money but to provide value to the marketplace.

Initially start-ups always must focus on marketing in order to win and succeed and achieve and gain a place in the market. Marketing must always support corporate principles and set standards. Departments in likes of Human Resources must do the same internally - to support, build and maintain the attributes of the brand with all current and potential employees.

A brand is not only a commodity that successful and winning companies and businesses can buy. A successful and powerful brand is an extremely highly valued asset that the best companies and businesses build on – for firstly themselves, then for their customers and then the markets (their represent) that they serve and/or are in.

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How you can Achieve Effective Brand Differentiation

If designed, created and manage as well as maintained correctly, properly, efficiently and effectively, brands would normally promise a more relevant differentiated benefits to its target audience and/or market – (customers). It is imperative and also advisable that when it comes – companies and businesses should carefully choose in-force the (and) most powerful and successful benefit(s) that in return will not only result in brand preference, but also in brand insistence.  That is ultimately; not only the brand will be superficial but also be the only feasible solution for the consumers need.  So to put it in another way, the customer will not go for and/or pursue substitute (go for something different) if the brand is not available.

The brand benefits are those that are very important to the target customer, supported by organizational strengths, and not being addressed by the competition. General idea is that the brand attempts to own only one or two key benefits, because that is all the audience and/or a customer will remember.

A statement of brand’s promise can look something like this:

Below are some of the most common foundations of brand differentiation [unique differentiating benefits] includes:

Do a Check-up on your Brand!

Among other challenges, one of the major ones faced by many companies and business in the current climate and in the current market – is that creating a premium brand is that not only maintaining a strong and vigorous balance between growing the business but also maintaining a position and concurrently showing consistency, effectiveness and efficiency in their brand communications initiative. This is mainly because of the fact that premium brands, “have a way of compelling on a life of their own”.

During the process of brand positioning, the people backing the brand (the back office staff) become engaged. Normally they take ownership and get down to the business – form selling and gaining profits/losses etc. The competition and the market react fast. Then the category develops and evolves. Over a period of time, employees come and go. New members of staff (employees) and/or so-called players aren’t always effectively and effectively initiated. Experienced and more involved employees are often too busy to become aware of, or simply forget why staying accurate and more real to the brand is imperative.

This annual review can be taken in a number of forms. There is the full brand audit that, in many cases, is complete overload. Except there are some kind of formation of clear signs that the brand is under-performing, then it is imperative and recommended that a quick but thorough check-up is carried out way before obligating to a more comprehensive in-depth brand audit.

Another Challenge - The Annual Brand Check Up

Here’s how it works:

Around about ten people can be chosen at random for an informal discussion. Some can be from your companies and/or businesses; others may be and/are customers (clients), others also can be end users and/or clients, if you can identify them, as non-users of your brand but users in the category. It is also recommended and advisable that you include at least one person from marketing and one person from sales – but not any of the directors.

It was cited in the review of literature that loyalty and branding are closely associated. Loyalty comes from a firm’s core offering and their products and the way it satisfies its customers. In order to feel loyal to an organization, a customer must feel that all his need and desires are not only satisfied, but intelligently predicted and understood. Brands must understand the value of this customer-centric vision which helps to earn loyalty in the long term. Brands also rely on brand ambassadors. Every corporate brand needs champions which are found within the company. They are its employees. But, no brand can be developed solely based on internal values and desires and the brand needs to be responsive to external forces which needs to be balanced with consideration for internal dynamics.

Brand Development Process:

These steps are recommended and should be used in developing a brand:

Step 1: Identify the brand attributes

Step 2: Develop a branding strategy

Step 3: Implement the brand strategy

Step 4: Launch the brand

Step 5: Verify the brand and maintain it

Step 6: Change behaviours and understandings inside and then change communications

Step 7: To manage the brand, build an infrastructure

Step 8: Measure the brand performance

Step 1: Identify the brand attributes

Review your existing brand expectations even (if the brand already exists).

Step 2: Develop a branding strategy

Step 3: Implement the brand strategy

Step 4: Launch the Brand

Step 5: Verify the brand and maintain it

Step 6: Change the behaviours and understandings inside and then change communications

Step 7: manage the brand; build an infrastructure (have a brand commission?)

Step 8: Measure the brand performance

Five steps in branding

The steps below highlight a five step method branding that businesses and companies can implement. It will also help them in maintaining the brand to improve their sales and profitability:

How to Achieve Market Leadership

This question arises, especially in the current market climate - why does vendors and channel partners are so far off? It this because it all depends for not only having the required business model alignment between technology companies (vendors) but also due to because solution providers (the channel) viewing the world differently.

Vendors see their specific offerings as the centre of the known universe. Unfortunately, whether software, hardware, or services, these offerings are (at best) a piece of the Solution Providers (channels) worldview depicts, the closer the vendor value proposition gets to the SP’s business model, the greater is the alignment (and ultimately share of mind and wallet) that the vendor will get by going to market with the SP.

This is reliant on the vendor offering.  Below are some strategic points:

1.When advertising and selling anything compound into the venture when the vendor piece of the contract is significant, tag team - co selling is the leading model.

2.When selling anything peripheral that is not complex, pure resell is the dominant model.

3.When a vendor offering is a material part of solution sales into the mid market, the SP typically resells.

Implementing Strategies in the International Market - There are six key guidelines for international expansion which companies need to be following for marketing and branding success:

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Findings

This chapter examines and reflects what we have covered in the previous chapters. The major points that have been highlighted as a part of this study are:

Discussion & Conclusion

From the analysis of the secondary and primary data collected, it can be safely concluded that, to be successful, a brand must possess some distinctive properties:

If brands are to be successful in establishing a place of trust and relevance in the consumer's mind, half the battle is already won. The more the customers believe in the brand, the more it will spread throughout the niche market without the company having to push it. The brand should be clear, distinctive, easily understood, it should express a unique, compelling benefit. Brands are like people, when one decides to build a brand it is said to be the same waiting for the birth of our son, Kapferer, J. (2001). Therefore, brands must seduce in order to have success, but it’s impossible to seduce everybody.

The future of branding is that, you need to know and forecast all changes in people’s (consumers and customers) needs and expectations. In creating of new trends and alternatives, it is the main key points in the 21st century.

The basic rule will still apply, which is the emotional content of the brand with no physical evidence of customer benefit, which will mean an even shorter lifecycle for brands. Brands, which have and will survive, be those who make the customers life simpler and easier while ensuring not only maximum consumer benefits but also support lifestyles.

This is the power of the branding. The value of the brand exists in the power to generate venture capital through margins and market share growth, they bring: premium pricing; reduced risk; augmentation and new products.

The main objectives for businesses and companies is that they brand and themselves should be reinforced, united and associated inline with operations, and should have the driving force through it processes and throughout the company – ranging from management to the bottom of the chain – in where ever and every where and whatever way possible – in which consumers (customers and clients) comes into contact with the business and/or company – the branding process shouldn’t just be about the motto – the logo and catchphrase and colours – more over it should be viewed and considered a strategic asset for creating a world class winning and successful recognised companies.

References

Online Journals are listed web address (date accessed)

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Books are listed by author, date, title, place of publication (where applicable), publisher:

(some of these sources are follow references from the internet resources used above)

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