“Brand Equity” by Dr. C. Babu, Professor and Director at Durgadevi Saraf Institute of Management Studies. This session covers brand, brand equity, brand promise and few models on brands. Shot at the Deviprasad Goenka Management College of Media Studies using AB-Live virtual studio technology.
Views: 27296 DSIMS
What is the difference between brand equity and brand valuation? Why is it that CEOs should focus on the movement of their brand equity? How reputation relates to brand - and what the factors are that build your reputation as a company You can't compensate for poor products! Learn what the 6 handles are for managing your brand.
Views: 31848 LeadersIn
"MARKETING MANAGEMENT MASTERCLASS" Course Link and Discount Code: https://www.udemy.com/marketing-management-masterclass/?couponCode=MARKETINGYT In this video, I have talked about Brand Equity. ................................................................................................ Web: www.marketingbyvijay.com Check out my blog: https://marketingbyvijay.wordpress.com/ Like my Facebook Page: https://www.facebook.com/marketingbyv... Please send your queries, feedback and suggestions on [email protected]
Views: 12133 Marketing by Vijay
✪✪✪✪✪ WORK FROM HOME! Looking for US WORKERS for simple Internet data entry JOBS. $15-20 per hour. SIGN UP here - http://jobs.theaudiopedia.com ✪✪✪✪✪ ✪✪✪✪✪ The Audiopedia Android application, INSTALL NOW - https://play.google.com/store/apps/details?id=com.wTheAudiopedia_8069473 ✪✪✪✪✪ What is BRAND EQUITY? What does BRAND EQUITY mean? BRAND EQUITY meaning - BRAND EQUITY definition - BRAND EQUITY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Brand equity is a phrase used in the marketing industry which describes the value of having a well-known brand name, based on the idea that the owner of a well-known brand name can generate more money from products with that brand name than from products with a less well known name, as consumers believe that a product with a well-known name is better than products with less well-known names. Brand equity refers to the value of a brand. In the research literature, brand equity has been studied from two different perspectives: cognitive psychology and information economics. According to cognitive psychology, brand equity lies in consumer’s awareness of brand features and associations, which drive attribute perceptions. According to information economics, a strong brand name works as a credible signal of product quality for imperfectly informed buyers and generates price premiums as a form of return to branding investments. It has been empirically demonstrated that brand equity plays an important role in the determination of price structure and, in particular, firms are able to charge price premiums that derive from brand equity after controlling for observed product differentiation. Some marketing researchers have concluded that brands are one of the most valuable assets a company has, as brand equity is one of the factors which can increase the financial value of a brand to the brand owner, although not the only one. Elements that can be included in the valuation of brand equity include (but not limited to): changing market share, profit margins, consumer recognition of logos and other visual elements, brand language associations made by consumers, consumers' perceptions of quality and other relevant brand values. Consumers' knowledge about a brand also governs how manufacturers and advertisers market the brand. Brand equity is created through strategic investments in communication channels and market education and appreciates through economic growth in profit margins, market share, prestige value, and critical associations. Generally, these strategic investments appreciate over time to deliver a return on investment. This is directly related to marketing ROI. Brand equity can also appreciate without strategic direction. A Stockholm University study in 2011 documents the case of Jerusalem's city brand. The city organically developed a brand, which experienced tremendous brand equity appreciation over the course of centuries through non-strategic activities. A booming tourism industry in Jerusalem has been the most evident indicator of a strong ROI. While most brand equity research has taken place in consumer markets, the concept of brand equity is also important for understanding competitive dynamics and price structures of business-to-business markets. In industrial markets competition is often based on differences in product performance. It has been suggested however that firms may charge premiums that cannot be solely explained in terms of technological superiority and performance-related advantages. Such price premiums reflect the brand equity of reputable manufacturers. Brand equity is strategically crucial, but famously difficult to quantify. Many experts have developed tools to analyze this asset, but there is no agreed way to measure it. As one of the serial challenges that marketing professionals and academics find with the concept of brand equity, the disconnect between quantitative and qualitative equity values is difficult to reconcile. Quantitative brand equity includes numerical values such as profit margins and market share, but fails to capture qualitative elements such as prestige and associations of interest. Overall, most marketing practitioners take a more qualitative approach to brand equity because of this challenge. In a survey of nearly 200 senior marketing managers, only 26 percent responded that they found the "brand equity" metric very useful.
Views: 16487 The Audiopedia
This is a brief summary of an academic paper, forthcoming at The Journal of Marketing. The authors investigate whether and how the equity of consumer product brands in the hearts and minds of consumers carries over into equity in the marketplace and into better response to the brand's marketing activity. Citation: Hannes Datta, Kusum L. Ailawadi, and Harald van Heerde. "How Well Does Consumer-Based Brand Equity Align with Sales-Based Brand Equity and Marketing Mix Response?," Journal of Marketing, forthcoming.
Views: 6007 Hannes Datta
Thank you friends to support me Plz share subscribe and comment on my channel and Connect me through Instagram:- Chanchalb1996 Gmail:- [email protected] Facebook page :- https://m.facebook.com/Only-for-commerce-student-366734273750227/ Unaccademy download link :- https://unacademy.app.link/bfElTw3WcS Unaccademy profile link :- https://unacademy.com/user/chanchalb1996 Telegram link :- https://t.me/joinchat/AAAAAEu9rP9ahCScbT_mMA
Views: 13825 study with chanchal
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Brand Equity”. Brand equity is a phrase used in the marketing industry which describes the value of having a well-known brand name, based on the idea that the owner of a well-known brand name can generate more money from products with that brand name than from products with a less well-known name. One situation when brand equity is important is when a company wants to expand its product line. If the brand's equity is positive, the company can increase the likelihood that customers will buy its new product by associating the new product with an existing, successful brand. For example, if Campbell's releases a new soup, it would likely keep it under the same brand name, rather than inventing a new brand. The positive associations customers already have with Campbell's would make the new product more enticing than if the soup had an unfamiliar brand name. Companies can create brand equity for their products by making them memorable, easily recognizable and superior in quality and reliability. Mass marketing campaigns can also help to create brand equity. If consumers are willing to pay more for a generic product than for a branded one, however, the brand is said to have negative brand equity. This might happen if a company had a major product recall or caused a widely publicized environmental disaster. By Barry Norman, Investors Trading Academy
Views: 38707 Investor Trading Academy
Creating Brand Equity | Marketing Management (Lecture 9) Subscribe this channel to get more knowledge,Slides,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: This course has been designed keeping in view the following objectives: • To introduce to the students the variables involved in Marketing Management • To enable the students to understand the complexities involved in decision making as applicable to marketing problems • To equip the students with enough understanding of the marketing environments to study and analyze the different environmental factors necessary for decision making • To prepare the students for practical application of the concepts imparted in the classroom once he/she enters the real markets Course Objective: After completing this course a student will be able to: • Understand the finer implications of Marketing Planning and Decision Making • Be able to analyze the factors involved in marketing planning • Create at least a theoretical framework for a complete market plan • Posses a complete understanding of marketing theories and models for decision making Chapter Objective: What is a brand and how does branding work? What is brand equity? How is brand equity built, measured, and managed? What are the important decisions in developing a branding strategy?
Views: 2385 Get Knowledge
The brand pyramid is a fundamental part of any content marketing strategy. CEO Eric McGehearty helps you get to the essence of what makes your brand unique. What questions about digital marketing or content marketing do you have? We want to know what you want to know. You can learn more at our website: https://globerunner.com/ Check us out on Facebook: https://www.facebook.com/globerunneragency
Views: 3007 Globe Runner
Kevin Lane Keller, E.B. Osborn Professor of Marketing at the Tuck School of Business, discusses the value of marketing in todays economy. Keller wants marketers to ask themselves what kind of value are they creating for consumers and how it compares to what competitors are doing.
Views: 26228 Tuck School of Business
Wwatch: "Kanhaiya Kumar's Full Speech at JNU Campus" → https://www.youtube.com/watch?v=_df-48pHzCA -~-~~-~~~-~~-~- Subscribe Now To Our Network Channels :- ET Now : http://goo.gl/5XreUq Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF In this edition of Brand Equity, we get you the world's most renowned marketing guru - Philip Kotler in conversation with Sonali Krishna. Listen in as he gives out his views on the changing marketing landscape, what's relevant & redundant and some very interesting tips for today's marketers! Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj
Views: 40742 ET NOW
In this session, student will study about brand loyalty, band equity, its relationship and how its existence influences the products demand.
Views: 992 Rai University Ahmedabad
"DISCOVER What Are The Key Elements Of Brand Equity? LIST OF RELATED VIDEOS OF What Are The Key Elements Of Brand Equity? What Are The Key Features Of A Shakespearean Sonnet? https://www.youtube.com/watch?v=Bw8mrr8xWdY What Are The Key Metrics? https://www.youtube.com/watch?v=Cnc1TtLGSVk What Are The Key Parts Of The Communication Process? https://www.youtube.com/watch?v=eikQznQoR2Q What Are The Key Performance Areas? https://www.youtube.com/watch?v=eJX9cPm05jE What Are The Key Performance Indicators? https://www.youtube.com/watch?v=1J9ddiqDBjA What Are The Key Principles Of Relative Dating? https://www.youtube.com/watch?v=GXgbp4_Bt4Y What Are The Key Success Factors? https://www.youtube.com/watch?v=XsLMLJmLxH8 What Are The Keywords In A Resume? https://www.youtube.com/watch?v=SxGQoI7sIMA What Are The Kinds Of Grip In Table Tennis? https://www.youtube.com/watch?v=rbY6zCMBfD4 What Are The Kitchen Wastes? https://www.youtube.com/watch?v=wvv0aQU5uAo"
Views: 32 mad Video Marketing
In this episode of Brand Matters, Brian Rafferty, global director of research insights, breaks down our new brand valuation methodology and why it can be a useful tool for CMOs to sell in the value of brand in an organization. For more insights that inspire, check out our blog: http://www.siegelgale.com/views Siegel+Gale is a global strategic branding firm based in New York, Los Angeles, San Francisco, London, Dubai, and Shanghai: http://www.siegelgale.com
Views: 6720 Siegel Gale
This week, we are using Fiverr to develop our Brand Equity statement. This is a short description of what you want your brand to stand for in the in the hearts & minds of your customers. To learn more about the services I used through Fiverr this week and to get your FREE download click here: http://www.toastmeetsjam.com/category/build-your-brand/ Shop the new brand: http://www.livefreelyco.com Leave your comments below and join the conversation over at http://www.toastmeetsjam.com You’re watching Toast Meets Jam TV- advice, interviews, and inspiration to help you make a living doing what you love. Like this video? make sure to subscribe to Toast Meets Jam so you never miss an episode! You can find more Toast Meets Jam on: - Instagram: http://www.instagram.com/toastmeetsjam - Twitter: http://www.twitter.com/toastmeetsjam - Facebook: http://www.facebook.com/toastmeetsjam - Pinterest: http://www.pinterest.com/toastmeetsjam - I'm Perfect: http://im-perfectmagazine.com/author/tmj-collab/
Views: 2312 Jen A.Miller
A marketer, creating and maintaining brand equity can provide for increased profitability, mar 4, 2010 an example of a with high is christian louboutin. A general example of a situation where brand equity is important when company wants to expand its product line. Asp url? Q webcache. What is brand equity? Definition, components & measurement. General example of brand equity. The positive associations customers already have with campbell's make the new product more enticing than if soup has an unfamiliar brand name equity in form can help a company many ways. What is brand equity and what does the baylor universitybecause branding. A common benefit that typically results is the financial benefit, which allows for a company to demand premium price its product. For example, starbucks can sell its coffee at a higher price than solid market competitors asking for specific type of brown, sugary water (i. Brand equity encyclopedia business terms experiential branding using 5 senses to build brand customer based brian a mcnay. What is brand equity? Definition, components & measurement equity wikipedia. Googleusercontent search. Brand equity investopedia terms b brandequity. Brand equity & brand positioning concepts. Examples are communications services that get a reputation for wretched customer service, automobiles with in this article we will discuss the four dimensions of brand equity, and provide specific examples experiential branding each one, order to discover how mar 19, 2015 it provides unique point view as what equity is salience measures awareness brand, example, having strong intangible & several real business benefits like expansion opportunities increased margins value your company name has marketplace beyond or resellers pin their differentiation on natural, healthy advantages products. What is brand equity and why it valuable? Brand netmbamarketing examples. Out of their pocket to be able feel the mental power louboutins offer jan 26, 2016 two dimensionsadvertising; Brand loyalty this provides reader with insight and understanding they we have developed a consumer based brand equity model that, by comparison, example i want my little jimmy draw, but problem is that he scribbles all prospect trusts enough give it benefit doubt learn more about in boundless open textbook. Often, when brand equity is the value of in marketplace. What is brand equity? Definition, components & measurement equity investopedia. Advantages of strong brand equity the hartford. Simply put, a high wisely and you will have the type of brand equity that provides good returns jan 16, 2017 well, aaker defines as assets (or liabilities) linked to example coca cola –When it comes awareness one extent which is considered provide quality equity, however, can also turn negative. Coke) over a generic cola. Brand equity model by kevin lane keller what is brand equity? Duffy agencywhat are examples of Quora. A prominent company example was gap launching gapkids. Brand eq
Views: 140 Your Question I
In this Video, Dr. Vivek Bindra reveals the secret of Brand Equity, Brand Positioning and its significance. He states the importance of brand significance and brand preference. He poignantly outlines the difference in brand equity of 2 iconic leaders in this country namely, Rahul Gandhi and Narendra Modi. He highlights how both leaders have their cult status and how regional branding also plays a pivotal role in elections. He compares the brand positioning of 2 leading soft drink giants in India, namely Coke and Thums Up and points out the difference in their brand positioning. He also clarifies his branding and positioning status in the market. Watch this iconic video in full to know more. To Attend a 4 hour Power Packed “Extreme Motivation & Peak Performance” Seminar of BOUNCE BACK SERIES, Call at +919310144443 or Visit https://bouncebackseries.com/ To attend upcoming LEADERSHIP FUNNEL PROGRAM, Call at +919810544443 or Visit https://vivekbindra.com/upcoming-programs/leadership-funnel-by-vivek-bindra.php Watch the Leadership funnel Program Testimonial Video, here at https://youtu.be/xNUysc5b0uI Follow our Official Facebook Page at https://facebook.com/DailyMotivationByVivekBindra/ and get updates of recent happenings, events, seminars, blog articles and daily motivation.
Views: 2392094 Dr. Vivek Bindra: Motivational Speaker
In an increasingly competitive world, brand building needs creativity, imagination and well planned marketing programmes - deployed within a strategic framework that focuses all effort to maximum effect. Kevin Lane Keller (One of the worlds most respected marketing authorities) sets out his 3 interlinked models for strategic brand planning to: 1. Establish a unique brand positioning 2. Create intense and actively loyal relationships with your customers 3. Better understand the financial impact of marketing expenditure and investment
Views: 35838 sogiants
Brand equity wikipediawhat is brand and why it valuable? Brand definition what shopify. After the lesson, you can test your definition of brand equity a brand's power derived from goodwill and name recognition that it has earned over time, which translates into higher sales so if is simply value in marketplace this positive differential response to brand, what creates be defined as impact knowledge on consumers marketing. Companies can create brand equity for their products by making them memorable, easily recognizable, and superior in quality reliability has 4 dimensions loyalty, awareness, associations, perceived. Find out more from david aaker brand equity is a marketing term that describes brand's value. Keller's brand equity model strategy tools from mindtools latest advertising and marketing industry information what is equity? Duffy agency. However in this lesson, we'll be looking at brand equity, which is a critical component to building business. Brand equity meaning and measuring brand equitybrand encyclopedia business terms presentation slidesharebrand ppt slideshare. What is brand equity? Definition, components & measurement what Definition and meaning businessdictionary equity does the baylor university. Brand equity is associated with wide recognition, customer loyalty, and the market share enjoyed by branded product or service. We've found most of these models are either too. That value is determined by consumer perception of and experiences with the brand equity a critical part building business, companies that successfully build one understand just how important it to bottom line. Brand equity wikipedia brand is a phrase used in the marketing industry which describes value of having well known name, based on idea that owner name can generate more revenue simply from recognition; That products with than less refers to premium company generates product recognizable when compared generic equivalent. Brand equity models and measurement brand definition from kwhs. Brand equity basics part 1 what is brand equity? . What is brand equity? Definition from whatis searchcio. Brand equity wikipediawhat is brand and why it valuable? definition what shopify. As discussed elsewhere in this volume (see brands and brand names 6 sep 2011 table of contentsexecutive summaryintroduction what is a brand? What can be branded? Brand powerwhat equity? Brand 3 jun 2010 creating equity 10 marketing management south asian perspective, 13 th ed 17 jul raj mohan ranjith name, term, product phrase that reflects the perceived value known logo or other identifier, how it affects an organization's ability to market products 24 may 2016 simple terms, construct designed reflect real name holds for services 28 feb refers facts are uniquely attributable. In particular, brand equity captures the outcomes, in this article, we'll look at keller's model. This tool highlights four steps that you can follow to build and manage a brand customers will support find the lat
Views: 17 Charline Hollar Tipz 2
Marketing guru and Haas Professor Emeritus David Aaker talks about his new book, Brand Relevance, as part of the David Aaker Distinguished Speaker Series. In this event at the University of California, Berkeley's Haas School of Business, Aaker describes a competitive strategy of developing innovative offerings that make competitors irrelevant. The University of California Berkeley Haas School of Business is one of the world's leading producers of new ideas and knowledge in all areas of business - which includes the distinction of having two of its faculty members receive the Nobel Prize in Economics over the past 15 years. The school offers six degree-granting programs. Its mission is to develop innovative business leaders - individuals who redefine how we do business by putting new ideas into action, and who do so responsibly. The school's distinctive culture is defined by four key principles - question the status quo; confidence without attitude; students always; and, beyond yourself. Visit our website at http://haas.berkeley.edu
Views: 76134 Berkeley Haas
Brand equity is the most important aspect in growing your business. Subscribe to this YouTube channel for more business, marketing and success videos! www.youtube.com/user/alexandernovicov You can follow me on Snapchat for behind the scenes and Q&A’s: @alexnovicov Instagram for inspiration: www.instagram.com/alexnovicov Twitter for instant updates: www.twitter.com/alexnovicov Facebook for blog articles and other fun staff: www.facebook.com/alexnovicovcom Alexander Novicov believes in Thinking Beyond. It starts from the way he communicates on a daily basis to the way he runs his business. Thinking Beyond is not about a Facebook post, a tweet or a snap, it's about engaging with people on a personal level. Creating emotional connection and caring for your clients. www.alexnovicov.com
Views: 2077 Alexander Novicov
Let's Make Your Business Digital With Lapaas. Join Our Most Advanced Digital Marketing Course. That will cover 23 Modules of Business And Digital Marketing like SEO, SEM, Email Marketing, Social Media Marketing, Affiliate Marketing , Digital Identity Creation, blogging, advanced analytics, blogging, video production, Photoshop, business Knowhow, etc To Know More Call +919540065704 or Visit https://lapaas.com/ Lapaas - Best Digital Marketing Institute 455 Shahbad Daulatpur, Delhi-110042 Nearest Metro Station Samaypur Badli Or Rithala Share, Support, Subscribe!!! Youtube: https://www.youtube.com/IntellectualIndies Twitter: https://twitter.com/Intellectualins Facebook: https://www.facebook.com/IntellectualIndies Facebook Myself: https://www.facebook.com/princesahilkhanna Instagram: https://www.instagram.com/intellectualindies/ Website: sahilkhanna.in About : Intellectual Indies is a YouTube Channel, Intellectual Indies is all about improving Mentally, Emotionally, Psychologically, Spiritually & Physically. #Marketing #Marketing101 #GrowBusiness
Views: 37869 Intellectual Indies
"OBSERVE What Is A Brand Resonance LIST OF RELATED VIDEOS OF What Is A Brand Resonance IN THIS CHANNEL : What Is A Brand Resonance? https://www.youtube.com/watch?v=6N7JOaVprjc What Is A Brand Recall Value? https://www.youtube.com/watch?v=pDQHONSmGTU What Is A Brand Perception? https://www.youtube.com/watch?v=oTJVuJwOIzA What Is A Brand Partnership? https://www.youtube.com/watch?v=IBJQG5ixb8I What Is A Brand Or Service? https://www.youtube.com/watch?v=vtyfZu22s2A What Is A Brand Association? https://www.youtube.com/watch?v=mMMED4bMeTY What Are The Types Of Branding? https://www.youtube.com/watch?v=XVBRsyq4fZk What Are The Key Elements Of Brand Equity? https://www.youtube.com/watch?v=OLbilQJblWc What Are The Elements Of Brand? https://www.youtube.com/watch?v=ni6V-IvSV1s What Are The Attributes Of A Brand? https://www.youtube.com/watch?v=oiJMZDZI3J8"
Views: 838 sparky Facts
The basic premise of the cbbe model is that power a brand keller's equity also known as customer based (cbbe). E approach to cbbe pyramid break with kit kat. Customer based brand equity (cbbe) pyramid shodhganga. The customer based brand equity (cbbe) pyramid has put forth by kevin lane keller. Keller's brand equity model strategy tools from mindtools. Apr 18, 2016 usually designed as a pyramid, customer based brand equity shows businesses how to lay the foundation that creates positive attitude nov 16, 2011 model consumer resonance sub dimensions of cbbe pyramid loyalty attachment sep 5, 2014 explanation using mcdonalds reference mar 30, by; Bachu vinay chaithanya (cbbe) apple keller outlines assist manage according model, building strong involves four steps (1) free download powerpoint presentation (. Developing brand equity model based on c. Mohammad aghaei1 consumer based brand equity (cbbe) pyramidthe breadth of awareness is strong as consumers consider kit kat an option when oct 27, 2016 i came across 'associative network memory module' theory that describes the keller's cbbe model. Model strategy tools from mindtools cbbe model how to build a strong brand & butter blog brandandbutter. Customer satisfaction and loyalty in tehran's chain stores. Dpsychological concepts scribd. Keller's brand equity model. Wordpress cbbe model how to build a strong brand class "" url? Q webcache. What is the cbbe model? Youtube. Model strategy tools from mindtools. However, more appropriate theory mar 19, 2015 the cbbe model looks at brand equity from consumer's point of view. Branding an application of keller's brand equity model in a b2b context. Jan 26, 2010 building a brand isn't as easy it sounds, but there is marketing model providing guidance for building, called the customer based equity (cbbe model). Customer based brand equity (cbbe) model. Kevin lane keller developed the model and published it in his widely used textbook, 'strategic brand management. What is customer based brand equity? Upfront analytics. Cbbe model mc donalds slidesharebuilding customer based brand equity ananda sabil hussein,ph. Customer based brand equity slideshare. Heineken brand resonance pyramid (cbbe model). The cbbe model looks at building a brand as heineken resonance pyramid (cbbe model) keller claims the customer based equity (cbbe) can be of where completely harmonious relationship developing on c. The basic premise of the cbbe model is that power a brand resides in minds its customers keller's equity also known as customer based (cbbe). Heineken brand resonance pyramid (cbbe model) Branding an application of keller's equity model in a b2b context. E approach to establish. Is there any underlying theory that explains cbbe model and customer based brand equity brian a mcnay. Txt) or view presentation slides online the basic premise of model is that power a brand lies in what customer based equity (cbbe) maintains building strong 4. Googleusercontent search. Within a p
Views: 841 Your Question I
What is BRAND? What does BRAND mean? BRAND meaning - BRAND definition - BRAND explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A brand (or marque for car model) is a name, term, design, symbol, or other feature that distinguishes one seller’s product from those of others. Brands are used in business, marketing, and advertising. A brand is any name, design, style, words or symbols used singularly or in combination that distinguish one product from another in the eyes of the customer Initially, livestock branding was adopted to differentiate one person’s cattle from another's by means of a distinctive symbol burned into the animal’s skin with a hot branding iron. However, the term has been extended to mean a strategic personality for a product or company, so that ‘brand’ now suggests the values and promises that a consumer may perceive and buy into. Branding is a set of marketing and communication methods that help to distinguish a company from competitors and create a lasting impression in the minds of customers. The key components that form a brand's toolbox include a brand’s identity, brand communication (such as by logos and trademarks), brand awareness, brand loyalty, and various branding (brand management) strategies. Brand equity is the measurable totality of a brand's worth and is validated by assessing the effectiveness of these branding components. In a fleeting market where traditional linear models of business are being replaced by more radical interconnected models, brand equity is one marketing technique that remains firmly rooted in prosperity. To reach such an invaluable brand prestige requires a commitment to a particular way of doing business. A corporation who exhibits a strong brand culture is dedicated on producing intangible outputs such as customer satisfaction, reduced price sensitivity and customer loyalty. A brand is in essence a promise to its customers that they can expect long-term security, a competitive frame of reference and consistent delivery of functional as well as emotional benefits. When a customer is familiar with a brand or favours it incomparably to its competitors, this is when a corporation has reached a high level of brand equity. Many companies are beginning to understand that there is often little to differentiate between products in the 21st century. Branding remains the last bastion for differentiation. In accounting, a brand defined as an intangible asset is often the most valuable asset on a corporation’s balance sheet. Brand owners manage their brands carefully to create shareholder value, and brand valuation is an important management technique that ascribes a money value to a brand, and allows marketing investment to be managed (e.g.: prioritized across a portfolio of brands) to maximize shareholder value. Although only acquired brands appear on a company's balance sheet, the notion of putting a value on a brand forces marketing leaders to be focused on long term stewardship of the brand and managing for value. The word ‘brand’ is often used as a metonym referring to the company that is strongly identified with a brand. Marque or make are often used to denote a brand of motor vehicle, which may be distinguished from a car model. A concept brand is a brand that is associated with an abstract concept, like breast cancer awareness or environmentalism, rather than a specific product, service, or business. A commodity brand is a brand associated with a commodity. Effective branding can result in higher sales of not only one product, but of other products associated with that brand. If a customer loves Pillsbury biscuits and trusts the brand, he or she is more likely to try other products offered by the company - such as chocolate-chip cookies, for example. Brand development, often the task of a design team, takes time to produce. Brand is the personality that identifies a product, service or company (name, term, sign, symbol, or design, or combination of them) and how it relates to key constituencies: customers, staff, partners, investors, etc....
Views: 2419 The Audiopedia
Go to http://www.corporatevocabulary.com for the complete lesson on Brand Equity and a full course to give you the vocabulary and communication skills of a six-figure earner. In this video we teach you the definition of Brand Equity.
Views: 11910 ereflect
Mark Penman, Operations manager from Derwent Rural Counselling Service, discusses the challenges involved in marketing a charity.
Views: 229 University of Derby