Branding and Naming Strategies - PowerPoint PPT Presentation

Branding and naming strategies l.jpg
Download
1 / 15

Branding and Naming Strategies. Chapters 11 & 12. Brand-Product Matrix: Relationships Diagramed. Brand line - all products sold under a brand Brand portfolio -set of all brands and brand lines a company offers in a product category; used to maximize equity (BR, Gap, ON)

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.

Download Presentation

Branding and Naming Strategies

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Branding and naming strategies l.jpg

Branding and Naming Strategies

Chapters 11 & 12


Brand product matrix relationships diagramed l.jpg

Brand-Product Matrix:Relationships Diagramed

  • Brand line - all products sold under a brand

  • Brand portfolio -set of all brands and brand lines a company offers in a product category; used to maximize equity (BR, Gap, ON)

  • Product line - products similar in price, TA, or distribution

  • Product mix - all product lines

  • Brand mix - all brand lines


Breadth of branding strategy product mix l.jpg

Breadth of Branding Strategy:Product Mix

  • Aggregate market factors - size, growth, stage, profits

  • Category factors - competition, bargaining power of buyers & suppliers

  • Environmental factors - technological, economic, political, social


Depth of branding strategy l.jpg

Depth of Branding Strategy

Multiple brands are used to pursue multiple market segments

SegmentFord brand

Luxury (MB, Lexis)Jaguar, LRover

Up-market (BMW,Cad)Volvo, Lincoln, Astin Martin

Mid-price (HTN, GM,Ford, Mercury,

Chrysler)Mazda


Depth tactics l.jpg

Depth Tactics

  • Flankers - to create stronger POP with competition so flagship brand keeps desired position (Philip Morris’ use of discount Basic to protect Marlboro hi $)

  • Cash cow - milked till dead (Trac II)

  • Low end entry or hi end prestige - sub brands used to leverage on basis of price or quality (BMW Z3, 700 series)


Brand hierarchy l.jpg

Brand Hierarchy

  • Corporate - GM

  • Family - Buick

  • Individual - Park Avenue

  • Modifier (model) - Ultra


Branding system l.jpg

Branding System

  • Product brand - individual positioning (P&Gs Ariel, Tide, Dash detergents)

  • Line brand - cross branding (Renault)

  • Range brand - one name for a group (Green Giant vegetables)

  • Umbrella brand - one brand for products in many markets (Canon copiers, cameras, equipment)

  • Source brand - family with different names (Calvin Kline perfume, clothing lines)

  • Endorsing brand - diverse products & brands (General Motors cars)


Equity l.jpg

Equity

Corporate level image determinants

  • Common product attributes, benefits (Quality, innovation)

  • People and relationships (customer orientation)

  • Values and programs (social resp)

  • Corporate credibility (expertise, trust, likeability)


Designing branding strategy l.jpg

Designing branding strategy

Corporate dominant

corporate brands (Kellogg)

house brands (Frosted Flakes

Mixed brands

duel brands (equal prominence)

endorsed brands (Chevy Blazer)

Brand dominant

mono brand (Absolute)

furtive brand (identity secret; Turning Leaf)


Corporate product relationships l.jpg

Corporate/ProductRelationships

  • Single entity: Federal Express

  • Brand dominance: Marlboro (PM)

  • Equal dominance: Nissan Maxima

  • Mixed dominance: Bosch/ Blaupunikt

  • Corporate dominance: Xerox

    Acura - from equal (Acura Legend) to corporate dominance (Acura 3.5RL)


Question l.jpg

Question

Characterize Mercedes’ Benz brand hierarchy. How would you improve the company’s branding strategy?

Characterize Nissan’ hierarchy. How does their strategy differ from that of MBZ?


Naming choice for new products l.jpg

Naming choice for new products

  • New brand name

  • Apply existing brand name (TracIII)

  • Combination of new with existing brand name (brand extension)

  • line extension - new flavor, Absolute citron

  • category extension - Swiss Army luggage


Expanding meaning with brand extensions l.jpg

Expanding meaning with brand extensions

brandproductextensionmeaning

Crayolacrayonspaint, clay kid craft

Swiss Army knifeluggage adventure

Mont Blanc penswatches luxury

Billabong surfboard snow & all sports

skate boards


Master brands l.jpg

Master brands

Owning an association in the consumer’s mind: Band-Aid, Alka-Seltzer, Jell-O, Crayola, Vaseline

Difficult to extend directly to other product categories.

Directions for leveraging master brands are:

  • Sub-branding to give new element (DuPont Stainmaster carpet)

  • Super-branding adds improved element (Everready Energizer batteries)

  • Brand bundling fortifies master w/co-branding

  • Brand bridging to new category


You be the judge l.jpg

You be the judge

Evaluate whether or not the following brand extensions work and why

Honda lawn mowers

Smuckers’ ketchup

Visa traveler’s checks

Cracker Jack cereal

Harley Davidson wine coolers


  • Login