Prod & Brand Management Unit 6&7
Prod & Brand Management Unit 6&7
1. Brand Identity: Defining what the brand stands for, its values, mission, and vision.
2. Brand Positioning: Determining where the brand fits in relation to competitors in the
minds of consumers.
4. Brand Equity: Building and maintaining the value of the brand over time, which can
influence consumer perceptions and willingness to pay a premium.
6. Brand Extension: Exploring opportunities to expand the brand into new markets or
product categories while maintaining brand consistency.
- Customer Loyalty: Brands that resonate with consumers build loyalty, repeat
business, and reduce price sensitivity.
- Financial Value: Strong brands have higher perceived value, allowing companies to
command premium prices and generate higher revenues.
Strategies in Brand Management:
Conclusion:
Brand management is a dynamic process that requires strategic thinking, creativity, and
a deep understanding of consumer behavior and market dynamics. By effectively
managing a brand, companies can build long-term relationships with consumers, drive
growth, and achieve a sustainable competitive advantage.
BRANDED HOUSE
A "branded house" is a branding strategy where a company uses its corporate or
master brand to cover all of its products or services. In this strategy, all offerings within
the company's portfolio are closely tied to and benefit from the overarching brand
identity. Here are some key characteristics and benefits of a branded house approach:
1. Unified Brand Identity: All products or services share a common brand name and
visual identity. This consistency helps in creating a strong, recognizable brand presence
in the market.
2. Brand Loyalty and Trust: Consumers who trust and have loyalty towards the
corporate brand are more likely to try and purchase other products or services under the
same brand umbrella.
3. Cost Efficiency: Marketing and advertising efforts can be streamlined as they focus
on promoting the overarching brand, rather than individual products or services.
4. Simplicity for Consumers: Consumers find it easier to understand and navigate the
company's offerings when they are all under one brand name.
- Virgin Group: Virgin Group uses the Virgin brand across diverse industries such as
airlines, music stores, mobile phones, and more. This consistent branding helps
maintain brand recognition and consumer trust across all sectors.
- Google (Alphabet Inc.): While Google's corporate structure has evolved into Alphabet
Inc., Google itself remains a branded house with products like Google Search, Google
Maps, and Google Drive all falling under the Google brand.
- Brand Equity: Strengthening the corporate brand can enhance overall brand equity,
benefiting all products or services associated with it.
- Clarity: Consumers have a clear understanding of what to expect from the brand,
leading to reduced confusion and enhanced trust.
- Flexibility: The branded house approach allows for flexibility in adapting to market
changes or introducing new offerings under a well-established brand umbrella.
In conclusion, a branded house strategy involves leveraging the strength and equity of a
corporate brand across all products or services, aiming for consistency, consumer trust,
and operational efficiency. This approach requires careful brand management to ensure
that all offerings align with the core brand identity and values effectively.
HOUSE OF BRANDS
The "house of brands" strategy is a branding approach where a company manages
multiple brands as separate entities, each with its own unique identity and positioning in
the market. Unlike a branded house, where products or services are unified under a
single overarching brand, in a house of brands strategy, each brand operates
independently with its own distinct brand name, visual identity, and marketing strategy.
Here are some key characteristics and benefits of a house of brands approach:
1. Distinct Brand Identities: Each brand under the house of brands strategy maintains
its own unique identity, which may cater to different market segments, demographics, or
product categories.
2. Autonomy: Brands operate relatively independently in terms of marketing, product
development, and customer engagement strategies.
- Procter & Gamble (P&G): P&G is a prime example of a house of brands. It manages
a diverse portfolio of brands across multiple categories such as beauty, grooming,
healthcare, and household care. Each brand, like Gillette, Pantene, Crest, and Tide,
maintains its own distinct identity and market positioning.
- Unilever: Unilever operates with a house of brands strategy, managing brands like
Dove, Lipton, Ben & Jerry's, and Vaseline, each serving different market segments and
consumer needs.
- Nestlé: Nestlé's portfolio includes brands such as Nescafé, Kit Kat, Purina, and
Nespresso, each with its own brand identity and market focus.
- Targeted Marketing: Each brand can target specific consumer segments more
precisely, addressing different needs and preferences effectively.
- Brand Flexibility: Brands have the freedom to innovate and adapt their strategies
without being constrained by the overarching corporate brand identity.
- Brand Loyalty: Consumers who have loyalty towards a particular brand are more
likely to remain loyal even if they use products from other brands within the same
portfolio.
In conclusion, a house of brands strategy allows companies to leverage the strengths of
multiple distinct brands, each tailored to different market segments or product
categories. It requires strategic brand management to ensure each brand achieves its
unique positioning and contributes effectively to the company's overall growth and
profitability.
Branded House:
2. Brand Integration: All products or services are tightly integrated under the same
brand name, sharing consistent visual identity, messaging, and brand values.
3. Examples: Companies like Apple, where products such as iPhone, iPad, and Mac all
fall under the Apple brand. Each product benefits from the strong brand equity and trust
associated with Apple.
4. Benefits:
- Brand Consistency: Consumers easily recognize and associate products with the
overarching brand.
- Efficient Marketing: Marketing efforts are streamlined as they focus on promoting
one unified brand identity.
- Enhanced Brand Loyalty: Strong brand loyalty is built across all products, as
consumers trust the brand and its quality.
5. Challenges:
- Limited Diversification: If consumer preferences or market trends change, the entire
brand portfolio may be affected.
- Risk Concentration: Negative impacts on one product or service can potentially harm
the entire brand reputation.
House of Brands:
2. Brand Autonomy: Each brand operates independently, with its own brand name,
visual identity, and marketing strategies tailored to its target audience.
3. Examples: Companies like Procter & Gamble (P&G), which manages diverse brands
like Gillette, Pantene, and Tide, each catering to different consumer segments and
product categories.
4. Benefits:
- Market Diversification: Companies can reach diverse consumer segments and
address various market needs effectively.
- Risk Management: If one brand faces challenges, the impact on other brands within
the portfolio is minimized.
- Innovation: Brands can innovate independently and adapt quickly to changing
market conditions.
5. Challenges:
- Brand Dilution: Managing multiple brands requires careful attention to ensure each
maintains its distinct identity and does not cannibalize others.
- Resource Allocation: Resources and efforts may be spread across multiple brands,
requiring efficient management and prioritization.
- Market Strategy: Branded house is suitable for companies looking to build a strong,
unified brand identity across all offerings, while house of brands is preferable for
diversifying market presence and targeting distinct consumer segments.
- Brand Equity: Branded house enhances overall brand equity, while house of brands
allows for individual brand equity development.
Ultimately, the choice between a branded house and a house of brands depends on
factors such as business goals, market dynamics, target audience diversity, and the
company's capacity for brand management and resource allocation. Both strategies can
be effective when implemented strategically to align with the company's overarching
objectives and market conditions.
CORPORATE BRAND
A corporate brand refers to the overarching brand identity of a corporation or company.
It represents the overall perception and reputation of the company among its
stakeholders, including customers, employees, investors, and the public.
Here are the key aspects and considerations related to corporate branding:
1. Identity and Values: The corporate brand encapsulates the company's core identity,
values, mission, and vision. It communicates what the company stands for and its
fundamental beliefs.
2. Reputation and Trust: A strong corporate brand builds trust and credibility among
stakeholders. It reflects the company's track record, ethics, and commitment to
delivering value.
4. Strategic Alignment: The corporate brand aligns with the company's strategic
objectives and business goals. It supports the company's positioning in the market and
its competitive advantage.
- Brand Identity: This includes the visual elements (logo, typography, color scheme) and
verbal elements (slogan, tagline) that represent the corporate brand.
- Brand Positioning: How the company positions itself relative to competitors in the
minds of consumers and stakeholders.
- Brand Experience: The cumulative experience stakeholders have with the company,
encompassing interactions with products/services, customer service, and corporate
culture.
- Business Growth: A strong corporate brand can attract new customers, retain existing
ones, and support expansion into new markets or product categories.
- Internal Alignment: Aligns employees with the company's mission and values, fostering
a cohesive organizational culture.
- Nike: Stands for athleticism, performance, and inspiration. Nike's corporate brand is
synonymous with sports, fitness, and empowerment.
- Apple Inc.: Known for innovation, design excellence, and user-centric technology
products. Apple’s corporate brand emphasizes simplicity, premium quality, and cutting-
edge technology that enhances consumer lifestyles.
1. Identity and Values: It defines what the company stands for, its core beliefs, and its
purpose in the market. This includes its mission, vision, and principles that guide its
operations and decision-making.
2. Visual Identity: This includes elements such as logos, colors, typography, and design
aesthetics that visually represent the corporate brand. Consistent visual identity
reinforces brand recognition and strengthens brand recall.
4. Reputation: The reputation of a corporate brand is built over time through its actions,
performance, and interactions with stakeholders. A positive reputation enhances trust,
credibility, and loyalty among stakeholders.
Strategic Importance
- Brand Equity: A well-managed corporate brand builds brand equity, which is the
perceived value and strength of the brand in the market. Strong brand equity enables
the company to command premium prices, attract loyal customers, and withstand
market fluctuations.
- Brand Strategy: Develop a clear brand strategy that aligns with the company’s
business objectives and market positioning.
- Brand Monitoring: Regularly assess brand perception, monitor market trends, and
gather feedback to adapt strategies and maintain relevance.
Now, not all of us have the available resources of a well-established brand like Land
Rover, but that doesn’t mean we can’t aspire to achieving the same goals: displaying
brand values clearly, consistently and in a way that’s true to the business’ ethos.
And, whether you’re a sprightly start-up or an industry powerhouse going through a
rebrand, one way you can do this is by applying the Kapferer Brand Identity Prism to
your business.
You understand the origins of the term ‘branding’, right? The notion of stamping a mark
on something – cows, usually – to denote ownership? Well, whilst matters are slightly
more subtle than that, this simple truth remains at the heart of what a brand identity is –
a consistent visual projection of your business, products and services.
David Aaker, hailed as the Father of Modern Branding, defines brand identity as, “…a
unique set of brand associations that the brand strategist aspires to create or maintain.”
Jeff Bezos, Amazon overlord and world’s filthy-richest man, puts it in slightly more
colloquial terms: “Branding is what people say about you when you’re not in the room.”
Whilst our very own Managing Director, Mark Bower, says: “Your brand identity is how
you project yourself to – and how you want to be seen by – the outside world.”
To solidify what your brand should be all about, ask yourself the following:
What do I want to be known for? (Write a mission statement to sum things up.)
What are my brand values? (Think of at least three.)
What do I want people to say about me when I’m not in the room?
How do I visually convey my brand values?
What is my preferred tone of voice? (Chatty, refined, informal, authoritative?)
What does my buyer persona look like?
If my brand were a celebrity, who would it would be?
According to Kapferer: “Strong brands are capable of weaving all aspects [of the prism]
into an effective whole in order to create a concise, clear, and appealing brand identity.”
The Kapferer Brand Identity Prism places these six elements in relation to each other by
taking into consideration their position between the business (Sender) and client
(Recipient), and vice versa. The areas defined between these points range from internal
(Personality, Culture, Self-image) to external (Physique, Relationship, Reflection), and
many paths can be drawn to join each area.
The six elements of Kapferer’s Brand Identity Prism, when working in sync, can help
inform a well-defined, structured brand entity. If the identity is unique, different, and
clear about what the brand is trying to communicate, it can become the foundation of a
long-lasting brand.
In total, there are six facets of the Brand Identity Prism: Physique, Personality, Culture,
Relationship, Reflection and Self-Image. These are separated on the prism but
grouped together in the following larger categories.
Picture of Sender refers to the way the brand presents itself. Physique and
Personality fall under this group.
Picture of Receiver refers to how customers see the brand. Reflection and Self-image
belong to this category.
Externalization addresses all the output by the brand visible to customers such as the
logo, advertising, products and service and therefore is represented by Relationship.
All together, these categories complete the Brand Identity Prism and provide a
roadmap for your brand to effectively communicate with your audience.
The Brand Identity Prism works its magic when you chart your brand through each of
its facets. As you move through the prism, ask yourself questions like: What is my
mission statement? Who would I pick to represent my brand? What impressions do I
want people to leave my store with? Keep in mind that your main goal is to create
consistency in your persona, and your answers should reinforce one another.
Once you’ve created a personalized Brand Identity Prism, consider summarizing your
brand into a unifying brand concept, describing who you are as a business. Be sure to
keep your prism handy as a reference to guide everything from daily communications
to monumental decisions. Revisit and update it regularly as well so that it stays
relevant to changes in your business goals.
With the prism as your guide, you can grow in line with this strategy and monitor how
your own prism facets change over time, making sure each one consistently supports
your brand for years to come.
The Kapferer Brand Identity Prism is a model companies can use to build a powerful
and durable brand identity. Every brand needs an identity that reflects the core values of
the brand. Many brands that are bought in daily life have an obvious identity. A brand
might be known for providing a specific product for the lowest price of all brands, and for
another brand a higher price may mean more value for the customer.
According to Kapferer, every brand can analyse its identity with the six elements from
the prism.
Successful brands, and effective users of this model, succeed to project a positive
image to their customers’ brains. That is only achieved when all facets of the prism are
carefully interwoven with the identity. Each element contributes to establishing and
maintaining a strong brand identity.
BRAND ANATOMY
A brand is more than just a website, a logo, or a name; it’s a combination of key
elements that work together to create a unique and memorable identity. In this article,
we’ll explore what brand anatomy is and take a closer look at its key elements, including
brand identity, brand personality, brand positioning strategy, and brand messaging.
1. Brand Positioning
The positioning of a brand refers to how it is perceived in the world and in the
minds of its target audience relative to its competitors.
It involves identifying the unique value proposition of the brand and communicating it in
a way that resonates with the target audience. This may involve identifying the brand’s
vision, key benefits, target audience, and competitive advantages, and using these
insights to craft a compelling brand message.
1. Target audience: Who the brand is trying to reach and appeal to.
2. Category: The category or market in which the brand competes.
3. Unique selling proposition (USP): The unique benefit or value that the brand
offers to its target audience.
4. Reason to believe (RTB): The evidence or proof that supports the brand’s USP
and distinguishes it from its competitors.
Here’s an example of a brand positioning statement:
For busy, health-conscious professionals who want to stay hydrated and energized
throughout the day, Gatorade is the sports drink that delivers superior hydration,
replenishing electrolytes and carbohydrates to help you perform at your best. With over
50 years of scientific research and endorsements from top athletes, Gatorade is the
proven choice for athletes and active individuals seeking peak performance.
2. Brand Values for Customer Loyalty
The values of a brand refer to the underlying principles and beliefs that guide its
actions and decision-making.
These values may include a commitment to quality, innovation, sustainability, or social
responsibility, among others. By identifying and communicating its values, a brand can
build trust and loyalty among its customers, and establish a distinct identity that sets it
apart from competitors. These values are the foundation of a brand’s identity and
culture and help to shape its relationship with its customers, employees, and other
stakeholders.
3. Brand Personality
Brand personality refers to the set of human characteristics, traits, and emotions
that are associated with a person as a brand.
Just like individuals, brands can have a distinct personality that helps to shape how they
are perceived by their audience and how they interact with their customers. This may
involve identifying the brand’s tone of voice, visual style, and overall aesthetic, as well
as the emotions it aims to evoke in its customers.
By developing a back story and strong brand voice, a brand can establish a deeper
emotional connection with its customers, and create a sense of loyalty that goes beyond
mere functionality or price.
1. Excitement
Brands with an “excitement” personality are lively, adventurous, and always looking for
new life experiences.
Brand Design 1: How To Brand a Youthful, Open, and Happy Business– Coca-Cola,
Red Bull, and LEGO
Coca-Cola Japan
2. Elegance
Brands with “Elegance” are efficient, trustworthy, and understated businesses.
Brand Design 2: How To Brand an Elegant, Feminine Business– Whamisa, Aesop, and
Sabe Masson
Sabe Masson’s elegant brand personality
3. Ruggedness
Brands with a rugged personality are tough, outdoorsy, and rugged.
Brand Design 4: How To Brand a High-End, Luxury Business- Chanel, Rolex, and
Mercedes-Benz.
Rolex – a brand with a sophisticated personality
Why Is Brand Identity So Important?
Understanding the anatomy of a brand is essential because it helps you to create a
strong and cohesive brand identity that resonates with your target audience.
By defining the key elements of your brand, you can ensure that your brand is
consistent and memorable across all of your marketing channels. Having a clear brand
identity and personality helps you to differentiate your brand from the competition,
making it easier for customers to recognize and connect with your brand.
This can help companies to build brand loyalty and increase customer engagement,
leading to increased sales and business growth.
In addition, having a clear brand positioning and messaging helps you to effectively
communicate your brand’s unique value proposition and benefits to your target
audience.
This can help to attract new customers and build trust and credibility with your existing
customer base.
1. The brand name is one of the essential elements of branding. The name should be
easily recognizable and memorable, and it should be relevant to the products or
services that the business offers.
2. The logo is another vital element of a brand’s identity. The brand logo should be
simple and easy to understand, and it should be able to be used across a variety of
mediums.
3. The tagline is another element of a brand board. The tagline should be concise and
memorable, and it should capture the essence of what the brand is all about.
4. The colors should be eye-catching, relevant to the brand and mission, and used
consistently across all marketing materials.
5. The fonts. The fonts should be easy to read, appropriate for the brand, and used
consistently across all marketing materials.
6. The icons and devices for visual texture. Icons are an essential part of the visual
representation of any visual brand. Icons can take many forms, from simple geometric
shapes to more complex illustrations.
7. The photographs. Brand photography is about creating visuals that capture the
essence of your brand and communicate it to your target audience. It’s not just about
taking pretty pictures – although that’s a part of it. Photography is about telling the world
a story, your brand story through images that connect with your audience on an
emotional level.
8. The illustrations can be essential components in establishing and reinforcing a
brand’s identity. By creating a visual language unique to a particular company,
illustrations can help to make a brand instantly recognizable.
Conclusion
In conclusion, brand anatomy is a crucial aspect of any brand’s success, as it helps
businesses understand their brand’s strengths and weaknesses, and how to
communicate their brand to their target audience effectively.