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Chapter 3

brand management

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Xuan Jennifer
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0% found this document useful (0 votes)
27 views29 pages

Chapter 3

brand management

Uploaded by

Xuan Jennifer
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

CHAPTER: 3

BRAND RESONANCE AND


THE BRAND VALUE CHAIN

Copyright © 2013 Pearson Education


Learning Objectives
 Define brand resonance
 Describe the steps in building brand resonance
 Define the brand value chain
 Identify the stages in the brand value chain
 Contrast brand equity and customer equity

Copyright © 2013 Pearson Education


What is Brand Resonance?

 the relationship that a consumer has


with the product and how well he
can relate with it.

 The resonance is the intensity of


customer's psychological connection
with the brand and the randomness
to recall the brand in different
consumption situations.

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Building A Strong Brand: The Four Steps
of Brand Building
 Brand salience STEP 1

 Brand performance
 Brand imagery STEP 2

 Brand judgments
 Brand feelings STEP 3

 Brand resonance STEP 4


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Figure 3.1- Customer-Based Brand
Equity Pyramid

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Brand Salience…identity…who are you?
• the extent to which a certain brand is
given importance when the consumer is
facing a buying decision.

Measures various aspects of the awareness of the


brand:
• To what extent is the brand top-of-mind and
easily recalled or recognized.
• What types of cues or reminders are
necessary?
• How pervasive is this brand awareness?

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Brand Salience

Breadth and Depth of Awareness

Product Category Structure

Strategic Implications

Copyright © 2013 Pearson Education


Brand Salience

Breadth and Depth of Awareness

• Depth (measures how likely it is for a


brand element to come to mind. A
brand we easily recall.
• Breadth (measures the range of
purchase and usage situations in which
the brand element comes to mind)

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Breadth and Depth of Awareness

 Consumers should at least recognize


the Tropicana brand when it is
presented to them.
 Consumers should think of Tropicana
whenever they think of orange juice.
 Consumers would think of Tropicana
whenever they were dicing which type
of beverage to drink esp when
seeking a “tasty but healthy”
beverage.

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Breadth and Depth of Awareness

 Consumers must think of Tropicana as


satisfying a certain needs whenever
those needs arise.
 Thus, the main challenge for marketers
of orange juice is to link the product
usage situations beyond the traditional
one of breakfast.
 Hence, marketers must boost
consumption of Tropicana by using the
slogan “It’s Not Just for Breakfast
Anymore”
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Product Category Structure
(Beverages)
• How product categories are organized in the consumer’s
memory

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Brand Salience

Strategic Implications….the
usage situations

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Meaning…what are you?

 Describes how well the brand:


 Meets customers’ more functional needs
 Rate on objective assessments of quality

 Satisfies utilitarian, aesthetic, and economic customer


needs and wants in the product or service category

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•Attributes and benefits that
Brand underlie brand performance:
Performance

• Primary ingredients and supplementary


features.
• Product reliability, durability, and
serviceability.
• Service effectiveness, efficiency, and
empathy
• Style and design
• Price Copyright © 2013 Pearson Education
•Intangible aspects of the brand
Brand
Imagery

Intangibles that can be linked to a brand;


 User profile/imagery

 Purchase and usage situations/imagery

 Brand personality and values

 Brand history, heritage, and experiences

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Response…what about you?
Brand
Judgments
• customers’ personal opinions and
evaluations of the brand
 Quality
 Credibility
 Consideration
 Superiority

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Brand Feelings

 Customers’ emotional responses and


reactions to the brand
 Relate to the social currency evoked
by the brand
 Feelings can be:
 Experiential and immediate, increasing in
level of intensity
 Private and enduring, increasing in level of
gravity

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• the extent to which customers feel
Brand
that they are “in sync” with the
Resonance brand

 Behavioral loyalty
 How often do customers purchase & how much?
 Attitudinal attachment
 “love” the brand or “little pleasure”
 Sense of community
 Affiliation with other people
associated with the brand
 Active engagement
 Willing to invest time, energy & money
 E.g. join a club, receive updates
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Mercedes-Benz: Keller’s brand
resonance pyramid

Copyright © 2013 Pearson Education


1. Salience: who are you, Mercedes-Benz ?

 Mercedes-Benz is a premium and luxury car


 A logo and a grill that stand out
 Is part of “German Big 3” along with Audi and BMW,
the best selling car manufacturers in the world.
 Brand Recall: 45% top of mind
 Brand Recognition: 100% brand
name recognition

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2. Performance/Imagery : what are you, Mercedes-
Benz ?

 Performance:
 Mercedes-Benz cars are renowned for their safety.
 One of the first to introduce the airbag and ABS
systems.
 Powerful engines

 Hand-made quality & refined

interior
 Elegant and sober design

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2. Performance/Imagery : what are you, Mercedes-
Benz ?

 Imagery:
 Mercedes-Benz is known as a “masculine brand”,
 Conservative

 German quality
 Luxury

Copyright © 2013 Pearson Education


3. Judgments/Feelings: what do the customer think or
feel about Mercedes-Benz ?

 Considering their features and history, Mercedes-Benz


cars are judged prestigious and high quality.
 High performance
 Success, sense of achievement
 Confidence

Copyright © 2013 Pearson Education


4. Brand resonance : what about Mercedes-Benz
and the customer ?

 Attachment
 Loyalty
 Sense of community (upper class)
 Even if they are not purchasing a car, many people
are attached to Mercedes-Benz through social media
(17m likes on Facebook), and websites.

Copyright © 2013 Pearson Education


Brand Building Implications
 Customers own the brand
 Don’t take shortcuts with brands
 Brands should have a duality
 Brands should have richness
 Brand resonance provides important focus

Copyright © 2013 Pearson Education


Figure 3.2 - Subdimensions of Brand
Building Blocks

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Figure 3.5 - Brand Value Chain

Copyright © 2013 Pearson Education


To Sum up...
 Implications of brand value chain
A necessary condition for value creation is a well-
funded, well-designed, and well-implemented
marketing program
 Value creation requires more than the initial marketing
investment
 Allows to estimate shareholder value and the investor
sentiment multiplier through investor analysis and
interviews

Copyright © 2013 Pearson Education


All rights reserved. No part of this publication may be reproduced, stored in a
retrieval system, or transmitted, in any form or by any means, electronic,
mechanical, photocopying, recording, or otherwise, without the prior written
permission of the publisher. Printed in the United States of America.

Copyright © 2013 Pearson Education

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