UNIT4DBGB530

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Marketing

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Feb 20, 2024

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A company that I believe that has developed a strong brand awareness is Dove. According to Kunst (2023), records of brand awareness with Dove within 2022 was at 93%. According to Griffin (2023), Dove was valued at 5.1 billion dollars. This company has developed a strong brand and with them developing a strong brand has been quite successful with selling many products. 1. What are some of the challenges and considerations marketers must act upon to build brand awareness? 1. I believe some challenges that many companies and organizations face may be attracting new customers. This is a challenge because a new product or new brand is being introduced and customers may be unfamiliar with it. Also, some challenges customers may face is building customer loyalty. Another challenge is making themselves standout from its competitors. Some considerations marketers should take into consideration are things such as creating submarkets and building the right strategy. 2. What types of strategies has the company (featured in your article) implemented to build their own brand awareness? Do you agree with these strategies? 1. According to Griffin (2023), Dove has done multiple strategies to keep brand awareness afloat. Dove has done multiple things such as building a strong emotional connection with its customers, using channel integration, involving others, using social media, using strategic partnerships, and staying ahead of its competitors (Griffin, 2023). I agree that these implemented strategies are great in building brand awareness 3. What else might the company do to increase their brand awareness? 1. To increase brand awareness this company can do things such as co-marketing, blogging, stay consistent with brand awareness, contribute throughout the community, and sponsoring events. 4. How many countries does the company presently operate in outside of the U.S.? How would you go about determining the best location for further international expansion? 1. Dove currently is present in over 139 different countries ( Dove boasts product awareness through multichannel mobile campaign , n.d.). With proper research being conducted this is the best method to use to go about determining the best location for further international expansion. When conducting research things such as the language and culture, the policies, and procedures in the region on which the company plans to expand, the economic environment, and the regulations all need to be taken into consideration. Seeing how comparable products are sold in the country will also give one an idea how your product might sell. This is why it is good to conduct thorough research before internationally expanding. 5. What are the risks inherent in brand extensions and expanding product lines? Within your response, include relevant quotes from your Kotler and Keller  Marketing Management  text to support your view. 1. According to Kotler (2016), awareness is the extent to which customers are informed regarding the products characteristics, persuaded to try it, and reminded to repurchase it. There are many risks that come with brand
extensions and product lines. According to Kotler (2016), brand dilution can occur. This is when the consumers start to think less of the brand. References Dove boasts product awareness through multichannel mobile campaign . (n.d.).Marketingdive.com. Retrieved November 28, 2023, from https://www.marketingdive.com/ex/mobilemarketer/cms/news/content/14947.html Griffin, L. (2023, June 1).  Dove: A spotless approach to digital marketing . Digital Marketing Institute. https://digitalmarketinginstitute.com/blog/dove-a-spotless-approach-to-digital- marketing Kotler, P. & Keller, K. L. (2016). Marketing Management (15th ed.). Pearson Prentice Hall. Kunst, A. (2023, May 25).  Dove brand profile in the United States 2022 . Statista. https://www.statista.com/forecasts/1340175/dove-hair-care-brand-profile-in-the-united- states
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