Please enable JavaScript.
Coggle requires JavaScript to display documents.
Introduction to branding (Defining a brand (Perspectives (Kapferer, (2012)…
Introduction to branding
Defining a brand
Evolved over time from a basic device that distinguished an offering from competing offerings to a more sophisticated concept formulated to compete in an online connected marketplace
Perspectives
-
-
Kapferer, (2012)
The latest definitions of a brand underline the role of communities. Wed 2.0 obliges. A brand cannot be reduced to a benefit; it has to create a community. No fans, no brand!
-
-
There is a growing demand among consumers for spending their money on experiances rather than meterial goods
Reflected in the increase in brands, such as Red Letter Days and Virgin Experience Days, offering experiences
Key concepts
Brand identity
The formulation of a brand in terms of what it stands for from the perspective of the organisation that created it
-
Kapferer (2012)
‘Identity is on the sender’s side’ whereas ‘Brand image is on the receiver’s side’. It is possible for there to be a mismatch between the two, owing to noise in communication and other influences, such as commentators’
-
Organisations cannot control external factors, so they are best focusing on creating a strong and coherent identity and managing that throughout the organisation
Brand reputation
-
-
Def
‘a collective representation of a brand’s past actions and results that describes the brand’s ability to deliver valued outcomes to multiple stakeholders' (Harris, 2002)
Built on its interactions with and evaluations by multiple stakeholders, not just consumers
-
-
-
Brand equity
Brands have been considered the most valuable assets reflection in the notion of brand equity 'accounting good will'
-
-
-
-
-
-
-