Marketing Of A Company 's Brand

Brand design plays a crucial role on the customers’ purchasing decision. The brand design is the tool to promote a product by any organisation that can either attract the customers or resist them to buy the product. The chosen topic is considered to evaluate the importance of branding for any product in UK and US. As opined by Kapferer (2012, p.76), Brand Design is important when trying to market a new product or service in the market, which is new or already exists.

A brand is an organisation, product or service which has created an emotional connection with their consumers in order for them to favour their brand over their competitors. It is incredibly important for brands to keep up their image and one little thing could change the global perception of a business. It takes a lot to maintain a brand image that has been built up over a long period of time and even more to regain it if that reputation is lost. Brands are created through various different aspects such as their visuals, tone of voice, advertising, actions and reputation. The combination of these will leave their consumers with long lasting emotions and perceptions of a particular brand and will effect whether they support a business or not and whether they would favour or avoid it. When a brand looses their image it can cost a lot of money and time to rebrand to prevent complete failure of the product or service.

Branding helps any existing organisation differentiate itself from its competitors. (Kotler & Armstrong, 2010) As the world is getting more and more competitive, branding remains vital. Branding can be looked at from different perspectives for instance consumer product brands, service brands, destination brands and place brands.

In a society where corporations are constantly competing for business, branding has become the ultimate way for companies to win over customers. Defining exactly what a brand is, however, is a challenging task. ‘Brand’ has become something of a buzzword over the past decade, though this is not without reason, given the functional purpose of branding in building a competitive business. Branding is much more than a buzzword - it is, in a sense, a company’s promise to its consumers. When a product, service, or company is well branded, consumers know exactly what they’re going to get when they invest. In another sense, branding is the outward projection of what a business hopes to associate with its name. A brand includes not

Another major downfall of companies who brand is the business’s inability to recognise that the brand must go beyond the logo and the packaging. It must incorporate all aspects of a business. If different aspects of a business are

Innovations, trends and fads all create, shape, and add value to a brand. Building a strong brand takes time commitment and hard work. The identity of the brand, from the perspective of the consumers, is the foundation of a good brand-building program. Effective brand management that encompasses brand personality is of major importance in reaching the company goals of satisfaction, loyalty and profitability. Building a powerful brand requires determining the substantial characteristics of the offerings that carry the brand name and the psychological or emotional benefits the customers receives from a company’s products. This can be described, as what “value” means to a typical loyal customer; and what, ultimately, is the

“A brand is a distinguishing name and/or symbol intended to identify the goods or services of either on seller or group of sellers, and to differentiate those goods or services from those of competitors” (Aaker 1991).A brand is the most valuable asset for an organization in the current competing world. Every organization is formulating strategies to make its brand popular and significant not only in markets but also in minds of the customers. Brand is the relation of customer with the brand. It is promise which a company makes to the customer about the goods and service they offer (Gregg 2002) Branding involves decisions that establish an identity for a product with the goal of distinguishing it from competitors offerings

Branding carries benefits for all parties involved in the exchange process and, in theory at least, makes it easier to buy and sell products. As illustrated in Figure 1, Brassington (2003) concluded that branding benefits from three factors: consumer, retailer, and manufacturer. Neumeier (2003) points out that brand is a gut feeling because customers are emotional, intuitive beings despite their best efforts to be rational. It is a person’s feeling because, in the end, the brand is defined by individuals, not by

In this report for the first assessment of the module Brands and Branding I will critically discuss the growing importance and meaning of brands in contemporary consumer culture. Brands are omnipresent in todays life. Everywhere you look around you can see different brands. Our life with brands already starts early in the morning when we get up out from our bed, which was made by a company with his own brand. We go to the bathroom to brush our teeth with a toothpaste e. g. from „Colgate“. Thats the way we go though the day. We write messages via „Whatsapp“ from a smartphone often from a big company like Apple or Samsung. Apple for an example is a brand which produces a smartphones, tablets, laptops or watches. But the names of these products are also brands. When I am thinking about the first smartphone my first thought rises the „iPhone“ and „Steve Jobs“. A Person and an advanced mobile phone, but also they both are brands for themselves. So you can see we are so „manipulatet“ by big brands that I had no chance to think about any other brand which also produce well designed smartphones with a high usability. They are not only lifestyle gadges which grew importance of brands. We can take a look at the brand Rolex for example. Rolex has his origin in Germany before the watchmaker has founded Rolex as a company in Switzerland in 1908. This company has a very long tradition an his watches carring their original value over decades. It is not a fashion brand and

When the brand strategy is being created it is important to remember that the proposition of it is very compelling, unique and attractive. The promise and proposition of a brand strategy is not only important to understand by company management, but the proposition should be reinforced and repeated throughout the whole organization and it should be repeated often enough that everyone in the company fully comprehend what the fundamental driving idea behind a brand is. The core values of the company are the backbone of the brand, which is logical, seeing as these define basic corporate behavior. The brand can only be built when the core values have been clearly identified in detail.

Branding became an important aspect in identifying consumer good and products. Not only does it help with recognizing what products we are looking for, it also draws us more into buying that particular product. In order for companies to make their profits, they need to look for ways in which they can enhance their marketing tools. Branding is in many ways a form of advertisement. It is a way for a consumer to recognize the type of goods they are buying. If it weren’t for the development of branding, we wouldn’t have all the jobs in the design industry like we do now. In many ways branding developed what the meaning of graphic design is.

The establishment of a unique brand is the target of any given business. A successful brand is that which customers can easily relate to, an aspect that enables a brand to be capable of gaining competitiveness in the market. The creation of a brand that a large percentage of customers can relate to and easily identify with translates to a large consumer base. Branding is primarily directed towards creating a positive perception in the minds of the consumers, an aspect that makes the customers to understand what they would expect from a business. The development of a brand by a business is primarily processual, and ensuring that there is an effective strategy in brand development helps ensure the emotional connectivity and appeal of the brand to the customers (Powers, 341-360).

Brand is “a name, sign, symbol, or design, or a combination of them, intended for the goods and services of one seller or group of sellers to differentiate them from other sellers competitively” (Kevin and Keller, 2008, cited in Saleem et al., 2015). Brand can be the tools to deliver the message about the quality of the products and services to the customers and give them the confidence for buying the right quality as the organizations promised (Erdem 1998; Wernerfelt 1988, cited in Rahinel and Redden, 2012) and also lead customer to buy product from specific firm (Keller 1993; Park, Jaworski, and MacInnis 1986, cited in Rahinel and Redden, 2012). Thus, the company should build a strong brand in order to have an intermediary to convey the quality message to customer. Additionally, Berry (1988) said strong brand is considered as valuable and gives firm’s ability to set a high price products and allowing firms to enjoy continuously revenues from year to year. Because of a premium price the company could set, it gives the power to compete with other brand too. This implied that brand has a power to differentiate the company’s product from competitors.

The basic assumption that ongoing interactions help consumers form deep attachment to brands, fails to address both the intrinsic and extrinsic factors impacting consumer choice and preference, and the multi-dimensional context in which consumers and humans operate. Today, brand meanings are no longer created unilaterally, under the sole control of a firms marketing efforts, rather, it is the active role of multiple stakeholders in conveying the essence of the brand (Berthon, Pitt and Campbell 2009).

Branding more or less for centuries has been a mean to distinguish goods of one producer from those of other. Brand can be contemplated from two frames of references one from companies perspective and other from consumers’ perspective. Reference proposes the definition of branding as an avowal of the bundles of peculiarities that someone purchases and provides reparation. The peculiarities that make up a brand may be substantive or fallacious, cognitive or emotional, tangible or invisible.