CREATING BRAND EQUITY. Ana Alice Haddad – 15650 Caroline Braga – 15970 Cynira Altenfelder – 15656 Lohayne Porto – 13760 Manoela Gazze – 15666 Priscila Salomon – 14338 Rafaela Reis - 14339. WHAT SHOULD YOU BE ABLE TO ANSWER AFTER OUR PRESENTATION?. YOU SHOULD KNOW.
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CREATING BRAND EQUITY Ana Alice Haddad – 15650 Caroline Braga – 15970 CyniraAltenfelder – 15656 Lohayne Porto – 13760 Manoela Gazze – 15666 Priscila Salomon – 14338 Rafaela Reis - 14339
YOU SHOULD KNOW... 1) WHAT IS A BRAND AND HOW DOES BRANDING WORK? 2) WHAT IS BRAND EQUITY? 3) HOW IS BRAND EQUITY BUILT, MEASURED, AND MANAGED? 4) WHAT ARE THE IMPORTANT DECISIONS IN DEVELOPING A BRANDING STRATEGY?
WHAT IS BRAND? • BRAND:name, term, sign, symbol, or design, or a combinationofthemintended to distinghishoneproductorservicefromanother • MAIN OBJECTIVE DIFERENTIATION • DIFERENCES: • Product performance: functional, rationalortangible • BrandImage: symbolic, emotional or intangible • EARLIEST SIGNS OF BRANDING: medieval guilds, artists signs in sculpture, painting
THE ROLE OF BRANDS • BRANDS: • Improveconsumer’slivesandenhance final valueoffirms; • CONSUMER’S CHOICE: • Satisfiedbuyerschoosetheproductagain; • Predictableandsecutitydemands; • Possibilityof prime prices;
WHAT IS BRAND EQUITY? • BRAND EQUITY • Is theaddedvalueendowedonproductsorservices • Associatedwiththeability of a professional marketer to create, maintain, enhance and protect brands; • CONSUMER-BASED BRAND EQUITY • Thepowerof a brandlies is whatconsumershaveseen, read, heard, thoughtandfeltaboutthebrand • Thedifferentialeffectthatbrandknowledgehasonconsumerresponse • Positive: consumerreactfavorablywhenbrand is identified • Negative: consumerreactlessfavorablyor do notidentifythebrand
THE SCOPE OF BRANDING • Brand resides in themindsofconsumers; • “Who” theproduct is andwhat it does; • Almosteverythingcanbecome a brand: • Physicalgoods • Services • Store • Person • Place • Idea • Event
THE SCOPE OF BRANDING • PLACE • IDEA • Bulling • Freetrade • Abortionrights • EVENT • SWU • Woodstock
BRAND EQUITY AS A BRIGDE • INVESTMENTS $ X BRAND EQUITY • Quality is whatmatters, notquantity • WHY DOES COMPANIES MAKE MISTAKES? • Marketersfailed to atractconsumer´s attention; • Company’sproductfailed to meetconsumers’ needsandwants
BRAND EQUITY MODELS • There are some different perspectives about it. • Kotler highlighted four of the more-established ones: • BRAND ASSET VALUATOR • BRANDZ • AAKER MODEL • BRAND RESSONANCE MODEL
BRAND RESSONANCE MODEL STAGES OF BRANDING DEVELOPMENT BRANDING OBJETIVE AT EACH STAGE BRAND BUILDING BLOCKS BRAND
MEASURING BRAND EQUITY 2) FINANCIAL VALUE OF A BRAND • Ability to generate future cash flow “From 1000 marketing executives, 66% ranked the accountability of marketing as their number-one concern.” Association of National Advertisers
MANAGING BRAND EQUITY Requirement long-term view of marketing actions BrandPositioning How do wewant to beperceivedandwhat’sourcmpetitiveadvantages?
MANAGING BRAND EQUITY • BRAND REINFORCEMENT (1) What products the brand represents, what core benefits it supplies, and what needs it satisfies (2) How the brand makes products superior, and which strong, favorable, and unique brand associations should exist in the minds of consumers
MANAGING BRAND EQUITY • BRANDING IN XXI CENTURY (Scott Bedbury, A newband world) - Principlesofbranding BrandPrinciple # 1 Relyingonbrandawarenesshasbecome marketing fool’sgold Relevance & Resonance
MANAGING BRAND EQUITY • BRANDING IN XXI CENTURY (Scott Bedbury, A newband world) - Principlesofbranding BrandPrinciple # 2 Youhave to know it beforeyoucangrow it
MANAGING BRAND EQUITY • BRANDING IN XXI CENTURY (Scott Bedbury, A newband world) - Principlesofbranding BrandPrinciple # 3 Always remember the rule of brand expansion
MANAGING BRAND EQUITY • BRANDING IN XXI CENTURY (Scott Bedbury, A newband world) - Principlesofbranding BrandPrinciple # 4 Excellent brands establish lasting relationships with customers
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