Uploaded on Oct 17, 2023
Foster Your Brand's Success: Unveiling the Art and Science of Brand Building and Management.
Brand Building and Management
Brand Building and Management
What is Brand Building?
Brand Building is generating awareness, establishing
and promoting company using strategies and tactics. In
other words brand building is enhancing brand equity
using advertising campaigns and promotional strategies.
Source: www.mbaskool.com
Importance of Brand Building
Brand building can be initiated with a well thought
brand identity which can help create a strong brand
image which goes a long way in consolidating the
brand.
Source: www.mbaskool.com
Product brand
A physical product or items or goods are a product
brand. Brand building is ensuring a good quality product
is given to the customer along with good brand
visibility, packaging, warranty etc.
All these cumulatively help in brand building. Example
of product brands are Adidas, Rolex etc
Source: www.mbaskool.com
Service Brand
A non-tangible offering is a service brand like telecom
service, ecommerce etc. In this case, brand building is
most dependent on the experience that a customer
gets. Example of service brands are McDonald’s,
Starbucks etc
Source: www.mbaskool.com
Retail Brand
Retail brands are a combination of service & product
i.e. products are sold through a service offering.
Hence brand building has to ensure good customer
experience as well as high quality products. Example of
retail brands are Tesco, Walmart etc.
Source: www.mbaskool.com
Process of Brand Building
There is no definite way of brand building. Brand
building requires innovation, creativity, correct value
proposition, constant monitoring & ensuring good
customer experience.
Source: www.mbaskool.com
Describe your brand
The first step of brand building is to describe the
brand. This can be done through product description,
packaging, logos etc. The way a brand is defined builds
the brand equity and forms the foundation of the
customer perception.
Source: www.mbaskool.com
Brand Differentiation & Positioning
Once a product or service is created, it is critical that
the brand is differentiated from its competition with
some unique value. Also, positioning the brand
correctly is an essential element of brand building.
Source: www.mbaskool.com
Brand Promotion
Advertising & promoting the brand using TVCs, social
media, print ads, online advertising etc is one of the
most important pillars of brand building as it helps in
creating brand awareness.
Source: www.mbaskool.com
Personalise the Brand
Brand building can be effective is a customer feels
connected to it. Hence giving a personal touch to the
customer, through innovation and customization can
help building a stronger perception in the mind of the
customer.
Source: www.mbaskool.com
Comments