Brand Equity: By, Rosalia Prakruthi D
Brand Equity: By, Rosalia Prakruthi D
Brand Equity: By, Rosalia Prakruthi D
What is a brand and how does branding work? What is brand equity? How is brand equity built, measured, and managed?
What is a Brand?
A name, term, sign, symbol or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors
Organize accounting
Branding
Endowing products and services with the power of a brand. To brand a product, it is necessary to teach consumers who the product is-as well aswhat the product does and why consumers should care Branding involves creating mental structures and helping consumers organize their knowledge and products and services in a way that clarifies their decision making and, in the process, provides value to the firm
MOST VALUABLE GLOBAL BRANDS Coca-Cola - $67.5bn (US) Microsoft - $59.9bn (US) IBM - $53.4bn (US) General Electric - $50bn (US) Intel - $35.6bn (US) Nokia - $26.5bn (Finland) Disney - $26.4bn (US) McDonald's - $26bn (US) Toyota - $24.8bn (Japan) Marlboro - $21.1bn (US)
Brand Equity
Brand equity is the added value endowed to products and services. This value may be reflected in how consumers think, feel, and act with respect to the brand, as well as the prices, market share, and profitability that the brand commands for the firm.
Knowledge
Brand Equity
Esteem
Relevance
Differentiation
Brand-as-product
Brand-as-organization
Brand-as-person
Brand-as-symbol
Brand Elements
Brand names URLs
Slogans
Elements Logos
Characters
Symbols