Pamela Ramis - Chapter 11 - Brand Equity & Personality Assignment
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Chapter 11 - Brand Equity & Personality Assignment
1
MAR 1011
Chapter 11 - Brand Equity & Personality Assignment
Pamela Ramis
Miami Dade College
MAR1011: Principles of Marketing
Professor Jeanie Lisenby
November 18, 2023
CHAPTER 11 - BRAND EQUITY & PERSONALITY ASSIGNMENT
2
Abstract
Adobe is a brand that has been experiencing a steady growth in popularity and sales over
the past three decades, positioning itself now in number 21
1
of the top 100 Interbrand. The
company's success is a testament to its exceptional approach to software development and
design. Impressing their customers and clients with their innovative practices in this field, which
have undoubtedly contributed to their achievements.
Brand Equity
In 2022, Adobe's shareholder equity reached $14.051 billion, showing a 5.04% decline
from the previous year. However, the company's revenue for Q3 2022 rose to $4.43 billion,
representing a 13% increase year-over-year. Notably, Adobe was recognized for its exceptional
brand value and inclusion efforts, earning a spot on Interbrand's Best Global Brands list of
$92.83 billion in 2022; Adobe made commendable progress toward promoting diversity and
inclusivity within its workplace, as well as encouraging its partners to bring about positive
change beyond the company.
(Macrotrends, 2023)
2
Brand Personality
Differentiation
One factor that sets Adobe apart from its competitors is its position as a leader in the
software industry. This is due to several competitive advantages, such as its trusted brand
reputation that enjoys high recognition, its comprehensive and integrated software, its loyal
customer base in both creative and business sectors, and its continuous innovation of software
and platforms. Adobe's products are innovative, one-of-a-kind, and highly competitive.
3
Adobe
flagship products Photoshop, Illustrator, and Acrobat, have become industry standards. Some
other competitive advantages are extensibility, integrated B2B functionality, live search, product
recommendations, and payment services.
4
CHAPTER 11 - BRAND EQUITY & PERSONALITY ASSIGNMENT
3
Relevance
Adobe's brand recognition and loyalty give it a competitive advantage. It's difficult for
competitors to enter the market because of Adobe's large customer base and industry-standard
software. Adobe's unmatched innovation, including the integration of AI into its applications,
allows for efficient content generation and customization, attracting new customers and
strengthening relationships with existing ones.
5
Esteem
Adobe is perceived as a reliable brand by consumers. In fact, 71% of consumers believe
that receiving personalized and relevant content increases their trust in a brand. Consumers also
expect to be treated as individuals, based on their preferences and interests. In terms of product
quality, Adobe has a score of 4.1 out of 5, which places it fourth among its competitors: Apple,
Google, Microsoft, Salesforce, and Oracle.
6
Knowledge
Adobe's brand guidelines emphasize their commitment to being trustworthy, reliable, and
sincere. They prioritize integrity, ethics, and treating others with respect. Adobe was recently
recognized by Diversity Best Practices for its excellent efforts in diversity and inclusion,
organizational culture, and demographic transparency. Additionally, Adobe has been included in
Fortune Magazine's list of 100 Best Companies to Work For for the past 20 years. According to
Adobe's 2022 Trust Report, there is a strong correlation between brand trust and consumer
behavior. The report surveyed over 12,000 consumers and 2,000 business leaders.
7
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Related Questions
Task 5 The product cycleYou tell about the product life cycle for an entrepreneur in the process of developing a new product. Which of the following statement (s) do you say to the entrepreneur (which statement (s) are correct (a) statements):
Select one or more options:
A) The product life cycle is used as a segmentation variable to segment a market
B) The stages of the product life cycle can be a guide for companies in what an appropriate marketing strategy can be
C) The product life cycle looks exactly the same for all offers
D) You can see the product life cycle at different levels, such as product class or brand
E) The time it takes for different offers to go through the stages of the product life cycle varies
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The product is iphone.
Introduction
Briefly describe the product you've selected along with any relevant history that led you to choose this product/brand.
Four Ps of Marketing
Describe the key marketing strategies of your selected product. You should base your evaluation and report on what you can observe about how the four Ps are applied to the product you chose.
• Product: Describe the want or need your product addresses.
• Placement: Describe the physical location of the product among its closest competitors (a quick picture of the shelf would tell a good story!), and describe what this placement says about the marketing strategy.
• Pricing: Describe the pricing strategy. A good description would include observations about the closest competitive
product and its relative pricing.
• Promotion: Describe how the product is being promoted. You could include any obvious physical/in-store promotions seen on the shelf, as well as flyers, coupons, social media, online advertising, etc.
•…
arrow_forward
CB Assignment 5 (Consumer Decision Making)
After watching the Consumer Decision Making Presentation, complete the
following spread sheet and indicate which brand is most likely to be selected
for each of the approaches below.
Smart Phones for Smart Phone Attitudes
Product
Attributes
Price
Good Reception
Screen Size
Camera Quality
Weight
Conjunctive:
Product
Attributes
For Conjunctive use a cutoff rating of 4.
For Disjunctive use a cutoff rating of 10.
Price
Good Reception
Screen Size
Camera Quality
Weight
Brand Selected=
Disjunctive:
Product
Attributes
Price
Good Reception
Screen Size
Importance
Rating
35
25
20
10
10
Camera Quality
Weight
Brand Selected=
A
6
8
8
4
6
35
25
20
10
10
Brand Scores
B
с
8
7
6
5
A
9
2
7
Minimum Rating =4 (on all attributes)
Importance
Ra
10
6
3
Brand Scores
Rating of 10 on ANY attribute
Importance
Rating
35
25
20
10
10
Brand Scores
C
A B
D
5
6
8
2
4
D
D
Lexicographic: Select Best Performer for Most Important Attribute
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Activity 2 Let's Do it!
Directions: Choose brands for each type of good, write the consumer buying
behavior for each type and its effect
Consumer Buying Behavior
Bases
Sardines, Milk, Pasta, Bottled Water, Rice
(Consumers buy many goods to use to satisfy personal or
|family needs.)
(Consumer buying behavior is affected by age, occupation,
income level, education, gender etc. of consumers.)
Types of Goods
Effect
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Topic : Principle of Marketing
Please read and answer thoroughly with clear and appropriate examples to illustrate as well as provide accurate information that is not shared wth other students so we dont have the same thing, please
Each product will have a life cycle. Briefly explain each step in the Product Life Cycle (PLC), describing possible challenges and strategies which may be employed to sustain the sales and profitability of the product.
Use appropriate examples to illustrate.
arrow_forward
The topic must be about:Point of sale(POS) and restaurant management systemand dont forget put graphs and statistics
arrow_forward
Can you help me out with some elaborated explanation in following question?
~Why is marketing important in Dubai Airport ~The relationship between sales, customer service, product development andmarketing in Dubai Airport ~What the marketing department is actually doing, focusing on research and the 4P of Dubai Airport
~The role of marketing in building a brand of Dubai Airport
arrow_forward
Thanks in advance
arrow_forward
Create a new product for Kellogg's company that could be an extension of an existing brand(family branding) or totally new branded product(individual branding)
In order to assist in developing the marketing plan, the report should cover the following sections
1. introduction
2. Business mission statement (Source either from the company or your decision)
3. Marketing environmental analysis
External environmental analysis
Macro-environment: PESTLE analysis
Micro-environment: Porter’s Five Forces
Internal environmental analysis: SWOT and TOWS analysis (both in a table format listing a few key points – the SWOT and TOWS tables are not included in the word count)
Optional: BCG Matrix (not included in the word count)
4. Marketing objectives ( develop SMART objectives based on marketing environment analysis)
Based on UK marketing. Please use your own words.
Many thanks
arrow_forward
Your Task
Evaluate how Wanda is currently applying each of the four Ps of marketing to the products Salty Pawz sells. Capture this in your written document so that
Wanda can refer back to it as she begins to draft a marketing plan.
• Once you have evaluated how Wanda is currently applying the four Ps to the products Salty Pawz sells, identify at least one new way that each of the four
Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.
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1) Pick a brand. Identify all its brand elements and assess their ability to contribute to brand equity.
2)Contrast the branding architecture strategies of two market leaders in to industries. How do they relate their brands to each other through brand elements and communication strategies. Do you have any suggestions for improvement?
3) Find a bad and a good example of corporate brand name management attempts.
arrow_forward
Feedback from my professor on the market plan I wrote: Your product strategy section reads more like a product description. The strategy section is based on the product lifecycle stage and should articulate how you plan to strategically get your product to be tried, referred to, etc., within the target audiences you define.
My paper I wrote: (I need some assistance on his feedback based on my paper, please):
Product Strategy:
The app is designed to connect mental health providers and their patients for the treatment and collaboration of mental health symptoms and diagnosis. The app offers a range of features, including mental health providers able to connect, secure messaging, video conferencing, and access to learning materials. The app is designed to be user-friendly and accessible to mental health providers and patients of all levels of technological proficiency. It is the only app available to meet the needs of all area providers to collaborate, while patients…
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Review the New Product Development Processes described by Nike and Shopify.
Nike
Shopify
Question response:
Comparing the various new product development processes, outlined in these notes, by Nike, and by
Shopify, respond in the box below with an approximate 200-word analysis of the different new product
approaches presented. Potential prompts for your response include:
What critical element of the marketing process had you not considered before?
What elements appear most critical to you? Why?
How do you see these approaches differ, if at all, for products vs. services?
Looking at other companies, beyond Nike and Shopify, what other approaches do you see other
companies using to support the new product or service development?
arrow_forward
How many positioning statements does a company typically have?
None, since a "positioning statement" isn't a real thing.
Companies typically have a positioning statement for each target market.
Companies only have one positioning statement since its essentially a mission statement.
Companies usually have a positioning statement for their 3 primary sustainable markets.
arrow_forward
Pick a brand from the hospitality and tourism sector of your choice.
Answer ALL the questions.
Question 1. Analyze the competitive positioning of the chosen brand. A SWOT analysis
(presented in Table format) is required to meet this objective.
Question 2.
a. Suggest 5 recommendations for the brand to improve its current positioning based on
your own research. Your 5 recommendations must include (1) a product/service strategy, (2)
a pricing strategy, (3) a distribution strategy, (4) a marketing communications strategy and
(5) a global marketing strategy.
b. Evidence of relevant research.
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can i get help with q2?
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Marketing Strategies for
Competitive advantage
Question 1: Discuss the
positioning strategy In your answer, discuss the forces that help a firm to
develop and deploy a positioning strategy(200 words)
Question 2: Research the below two
major research firms:
– Gfk AG Nuremburg, Germany,
gfkcom
– West Inc Rockville, Md,
westatcom
Discuss your findings in terms of
their research services and special study capabilities Also, discuss the ways
in which such services can impact on marketing decisions (200 words)
Question 3: Explain what goes into
determining positioning effectiveness (200 words)
Question 4: Compare and contrast
the dynamics that influence the emerging, growth, and mature markets How do
they help a firm to craft a market target strategy in each? (200 words)
Question 5: Discuss the impact
that IBM’s collaborative innovation strategy can have on its partners, as well
as on Microsoft How can IBM’s strategy affect the market? (200 words)
Question 6:…
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Table of Contents
Using the attached Marketing Strategy Template, for your preliminary Marketing/Business Plan (60–80% completed) for your product or service
Our company will be providing the service of real Estate videography and the name of the company is Benjy Studios
Executive Summary
Business Overview
o Company Name, Leadership Team, Mission Statement
o SWOT Analysis
Business Initiatives
o Overarching initiatives: problem you are solving, marketing initiatives, goals, metrics production and distribution resources
Target Market(s)
o Industry Name, Market Segments, Buyer Profile(s), Competitive Landscape Analysis
Market Strategy
Product, Price, Promotion, Place, People, Process, Physical Location
Marketing Channels
How and where will you market your product, i.e. website, social media, radio, etc.
Financial Forecast and Budgets
Variable Costs, Fixed Costs, 3 YR Sales Forecast, 3 YR Financial Performance
Action Plan
The next three steps you will…
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•Deluxe Chips is a leading company in the salty-snack industry with almost one-fourth of the $10 billion market
•As consumer’s snack choices change, Deluxe Chips is considering a new product line of light chips
•While it will be expensive to launch a new line, store specific micromarketing will allow Deluxe Chips to spend efficiently
?Design a marketing strategy for the new product line
?Critique your marketing strategy in terms of its strengths and weaknesses
?What are your suggestions for implementation of the marketing strategy?
arrow_forward
1.You are the head of marketing at Apple. In your own words, first define the parts of the STP framework (S, T, and P) and then apply each part of the STP framework to the market for the newest iPhone.
arrow_forward
Question 1: What is marketing? Please
discuss the importance of marketing in
hospitality industry. Question 2: Based on
Michael Porter's competition theory, how
can a hospitality firm gain the competitive
advantage? Question 3: What are the different
ways to segment the whole market? Why
market targeting and positioning important
for a hospitality firm? Question 4: Please
explain the model of consumer buying
behavior.
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Task 10The subject of MarketingMark the statement or statements below that are correct:
According to Baines et al __________
Select one or more options:
Is pricing of the organization's products primarily a task for other functions at the company than the one that works with marketing, such as. the company's finance function
Is marketing synonymous with sales
If the development of new products is something that marketers should not get involved in, it is a task that other functions at the company do better
Is communication and advertising marketers most important task
Marketing is about creating value for customers, society and stakeholders
Should one sometimes try to deceive the consumer
arrow_forward
SEE MORE QUESTIONS
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- Can you help me out with some elaborated explanation in following question? ~Why is marketing important in Dubai Airport ~The relationship between sales, customer service, product development andmarketing in Dubai Airport ~What the marketing department is actually doing, focusing on research and the 4P of Dubai Airport ~The role of marketing in building a brand of Dubai Airportarrow_forwardThanks in advancearrow_forwardCreate a new product for Kellogg's company that could be an extension of an existing brand(family branding) or totally new branded product(individual branding) In order to assist in developing the marketing plan, the report should cover the following sections 1. introduction 2. Business mission statement (Source either from the company or your decision) 3. Marketing environmental analysis External environmental analysis Macro-environment: PESTLE analysis Micro-environment: Porter’s Five Forces Internal environmental analysis: SWOT and TOWS analysis (both in a table format listing a few key points – the SWOT and TOWS tables are not included in the word count) Optional: BCG Matrix (not included in the word count) 4. Marketing objectives ( develop SMART objectives based on marketing environment analysis) Based on UK marketing. Please use your own words. Many thanksarrow_forward
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SEE MORE QUESTIONS
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