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External and Environment Factors Affecting Tata Tea

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So,how can we get to iconic branding? To me, iconic branding is about really getting three things right: The first and most important is segmentation. Now, segmentation is a much used word, but it can make the difference between winning and losing.
Segmentation must go way beyond the generic functional attributes and features if it has to be truly powerful. It must seek to understand the functional, the psychological and the emotional gratification that the consumer derives.
A very good example from our company, Hindustan Lever Limited, is Lux. This is a brand that has been marketed as ‘the soap of the stars’ for more than 50 years. Endorsed by film stars, it is a product that has always stood for glamour and luxury. A deep engagement of …show more content…

Brands must, therefore, look at ways of bringing the brand idea alive at every potential occasion where there is a role for the brand using unconventional media at events and indeed at the point of purchase. Equally, it is critical to do this with scale, to do this in a manner
Where it can make a genuine difference to the brand and its growth. For scale, it is vital to have fewer, bigger brands. One of the driving factor; behind our power brand strategy within HLL. Is to give fewer brands bigger scale so that this brand can then be truly iconic.
The key question for companies is to really answer how they can build iconic brands in a sustainable and distinctive way. How can companies stay ahead of the game and, therefore shape trends rather than follow changes and trends. Believe that the key catalyst for this transformation of brands to truly iconic brands is an empathetic and deeply connected organization that is consumer facing. I believe, it is not just the marketing department’s rule to understand consumers. It is the role of everyone in the organization to engage consumers deeply since these consumers are the very reason for an organization’s existence. I also believe that in the new world of today, deeper functional specialization even within marketing will make a huge difference in building iconic brands. Specializations, where there is a group of people who are passionately committed to driving innovation that is living and breathing

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