Week 5 Discussion

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School

Arizona State University *

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Course

MISC

Subject

Marketing

Date

Jan 9, 2024

Type

docx

Pages

3

Uploaded by DukeMorningBaboon

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Branding and its significance in contemporary marketing practices cannot be overstated. It serves as the cornerstone of a company's identity, influencing consumer behavior and driving differentiation in increasingly competitive markets (Kotler, Keller, & Brady, 2021). On the other hand, marketing channels have evolved significantly, with traditional mediums giving way to an increasingly digital landscape. Both components are interrelated and serve pivotal roles in a comprehensive marketing strategy. The importance of branding or brand image for marketers lies in its ability to evoke emotions, convey value propositions, and build customer loyalty (Aaker, 2014). Consumers often use brands as a heuristic for quality and trust, as the brand image reflects a company's values and the consistency of their product offerings. A strong brand image can enhance consumer preference and purchase intentions, foster customer loyalty, and create a competitive advantage. This positive influence on customer behavior and attitudes underscores the importance of branding for marketers. As companies consider marketing channels for product placement, aligning channel images with brand images is generally considered a best practice. This consistency helps to reinforce the brand message, improve brand recall, and increase consumer trust. However, there can be situations where varying the brand image to suit the specific channel or target audience might be effective. For instance, a luxury brand might employ a high-end image in certain channels to appeal to affluent customers, while presenting a more accessible image in other channels to reach a broader audience (Luxen & de Jong, 2019). Nevertheless, such divergence should be handled carefully to avoid diluting the brand's core identity. The advent and subsequent proliferation of online channels have significantly influenced branding. It has facilitated a direct interaction between brands and consumers, providing an avenue for companies to cultivate their brand identities actively and dynamically (Labrecque, vor dem Esche, Mathwick, Novak, & Hofacker, 2013). On the other hand, consumers can share and propagate their brand experiences through reviews and social media, influencing brand perception (Gensler, Völckner, Liu-Thompkins, & Wiertz, 2013). Thus, online availability has provided an expanded platform for brand building while making branding more complex and multidimensional. Branding plays a central role in marketing, influencing consumer behavior and facilitating differentiation in the marketplace. Aligning brand image with channel image can reinforce the brand message, though variations might be beneficial in some contexts. Online availability has transformed branding, offering opportunities for interactive and dynamic brand building, while adding layers of complexity. As we continue the discussion, I look forward to hearing your thoughts on how these factors interplay in current marketing practices. References: Aaker, D. A. (2014). Aaker on branding: 20 principles that drive success. Morgan James Publishing. Gensler, S., Völckner, F., Liu-Thompkins, Y., & Wiertz, C. (2013). Managing Brands in the Social Media Environment. Journal of Interactive Marketing, 27(4), 242–256. Kotler, P., Keller, K. L., & Brady, M. (2021). Marketing management. Pearson Education Limited. Labrecque, L. I., vor dem Esche, J., Mathwick, C., Novak, T. P., & Hofacker, C. F. (2013). Consumer Power: Evolution in the Digital Age. Journal of Interactive Marketing, 27(4), 257–269.
Luxen, M. F., & de Jong, M. (2019). Luxury branding: the industry, trends, and future conceptualizations. Asian Business & Management, 18(1), 1-21. Sponsoring LGBTQ events and supporting the LGBTQ community had a positive impact on Bud Light's branding efforts. By aligning themselves with a cause that promotes inclusivity and diversity, they were able to connect with a wider audience and ultimately enhance the brand image. Although they had some backlash, I think those were minor and not enough to make brand too much or any customers if anything they gained a wider consumer population, that sponsorship helped position Bud Light as a socially conscious and progressive brand, appealing to consumers who value inclusivity and equality. the pandemic significantly affected how most businesses operate and communicate with their customers. With physical restrictions and lockdowns, organizations have increasingly relied on their online presence to maintain engagement and meet customer needs. With everything going back to normal, how does a brand reinforce their online presence and keep their digital identity post-pandemic? Any thoughts? To further elevate the brand, Bud Light could have taken a more proactive approach in promoting their support for the LGBTQ community. They could have launched targeted marketing campaigns, highlighting their sponsorship and involvement in LGBTQ events. By amplifying their message through various channels, such as social media, advertising, and public relations, Bud Light could have reached a larger audience and strengthened their brand association with the LGBTQ community. Regarding the impact of Covid-19 on organizational branding's online presence, the pandemic significantly affected how most businesses operate and communicate with their customers. With physical restrictions and lockdowns, organizations have increasingly relied on their online presence to maintain engagement and meet customer needs. Covid-19 has placed greater emphasis on the importance of a strong online presence for organizational branding. Companies that were able to quickly adapt and effectively leverage digital platforms to communicate updates, provide support, and offer online services experienced a positive impact on their branding efforts. Those that prioritized transparency, empathy, and customer-centric communication during this challenging time were able to build trust and loyalty among their target audience. However, organizations that were slow in adapting to the online landscape or failed to effectively communicate their response to the pandemic experienced a negative impact on their branding efforts. In such cases, customers may perceive the brand as unresponsive or out of touch.
Overall, Covid-19 has highlighted the significance of a robust online presence for organizational branding, as it allows companies to stay connected with their audience and maintain brand relevance during times of uncertainty.
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