Executive Summary
According to Arnold (1992) brand strategy is the process where the products are positioned in the consumers mind to produce a perception of advantage. This strategy is the execution of the organization vision, mission and objectives. The essence of brand should be reflected in everything the company especially that impacts the mind of consumers.
This paper is a proposal for Kovert’s brand image as fashion brand first and wearable tech second as far as the consumer is concerned, elaborating on the Innovation done by the brand. There are numerous factors taken into consideration for innovating a product like market research, market requirement, target customers and demographic. Along with this, motivation behind the
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This paper assesses the three different strands that are recommended for the firm to develop the brand image as a fashion brand in the minds of consumer. The recommended strategies are social media, fashion shows and editorial placement, which will help the brand to create the awareness globally.
Introduction
Kovert design is a new age design house, specialising in wearable technology which focuses to live a Kovert lifestyle to live in the moment, be mindful, be inspired, maintain a broad perspective and be best version of yourself. Kovert’s first device is ALTRUIS, a stone made up of premium zirconia ceramics, which is set into ring, bracelet and necklace. The stone is attached to sterling silver ring which is plated in gold, rose gold or platinum. ALTRUIS contain of an electronic circuit board, number of sensors, rechargeable battery and a vibrator motor. That stone is connected to the smartphone via Bluetooth, which gives notifications (Kovert Design, 2014).
Part one
Motivation
Kate Unsworth as a tech entrepreneur is going against the grain of her industry. She has design and created a wearable tech as a mean of disconnecting from the digital world and reconnect with your own selves. Kate has a technology consulting background and she knows how it is to be switched on 24/7. She was working long hours in her previous role and then she realised that when she was physically present at a dinner or any party with friends her mind was constantly somewhere else.
After showing the segmentation and target market that Vogue is focused on, we will study the positioning strategy that Vogue use. Positioning is defined as"the relative perceptul position of one brand usually compared with competing brands altough arrange of positioning approaches are possible to achieve" (Pickton and Broderick, 2005). Vogue has its own identity; its brand sets it apart from other magazines. It is the most valuable high fashion magazine, continuing to position itself as both unique and authentic. They have developed relationship marketing, defined as "Marketing with the conscious aim to develop and manage long-term and/or trusting relationsips with customers, distributors, suppliers, or other parties in the marketing environment". It focuses on the best designers, fashion photographers and models in order to retain its core customer- stylist women. Vogue tries to provide added value,so the brand has prices that are not cheap, investing in creativity and focusing on quality. They try to create a consitent marketing mix rto have a long-term relationship with the target market, and they try to crea
Gucci, a brand known for its quality, luxurious and royal association was confronted with strategic issues which made the company take notice of its strategy of expansion and brand personality. The company was not only having concerns with their product line but they were lacking unified corporate vision and strategy after its acquisition of some major names like YSL. Due to which they started having loophole in their luxurious goods market discipline. Strategic concern for the company was how does the brand image cascade down in the target market and how does it rejuvenate itself is a management lesson.
Context: TFC has been growing quickly within the fashion network industry for past decade (1996-2006). However, emergence of stiff competition in its field has resulted in TFC to rethink its strategy. Therefore, an appropriate marketing strategy needs to be selected in order to maintain TFC’s position in addition to boosting its viewership ratings and revenues.
After thorough analysis of the business model canvas for Alpha Troop 1/150th Armored Reconnaissance Squadron it is apparent that the organization leans heavily on its established partnerships. The greatest number of partners for the unit are sister units who perform the same type of mission as its own entity. Other key partnerships are higher headquarters who develop plans and provide, the who, what, when and where for operations to take place. Sister units are essential partnerships because they can provide additional support for the successful accomplishment of missions and operations. Some key partnerships are outsourced while a great deal of them will be attained from other outside entities (Osterwalder, 2010).
Today we live in a world driven by relationships, first impressions and visual communication. As human beings we have a tendency to instinctively allow ourselves to react by what we see and feel at a specific moment, making such reaction unpredictable and capriciously volatile. Studying relationships is of extreme importance because when we understand why public and individuals react to stimuli in a certain way, we can try to manipulate the outcome. This is why Public Relations plays a crucial role in the fashion industry as it is a field of work that is driven by consumers needs and desires. By understanding the targeted audience, we can actually control commercial, marketing, and creative outcomes of a specific fashion organization. This piece of writing will explain and analyse the role and importance of public relations and Communication in the Fashion Industry.
There Is a similar relation among the clothes. Several customers shop there based on the quality and prices as well as the features associated with the products. An advantage of the store is that it has a wide product mix and various offering in different categories and all these can be located at one place. This attracts a wide variety of customers. In line with their positioning of offering quality, trendy products, the brand is consistently updating its product line. The brand does not focus on innovation but rather on always leading trends. In relation to the product life cycle, clothing has a short life span from the first to last stage as tastes change easily. For this reason, it is important to constantly anticipate consumer tastes and preferences prior to launching a product so as to retain and possibly build customers loyalty. It is also necessary to develop a successful marketing strategy to display product offerings.
In the fashion industry, fashion brands are highly associated with branding, because of the intensive competitive fashion markets. Moreover, fashion brands are self-expressing to some extent (Carroll, 2008). Building creative brand image is important for the fashion brands. In addition, Carroll (2008) said that social responsibility and potential risks are the two aspects related to the fashion brands. Just as
The company will conduct marketing strategies that aim at creating an image for the brand in the minds of the consumers and reminding them customers about their products consistently.
According to Keller (2012) state that brand identity and image as two key vital tools to manage brands effectively, Furthermore, as shown Figure 2, Brand identity at the sender side, to deliver such as brand meaning, aim. Also, it exist the other source: firstly, company might consider the mimicry situation and marketing area; second, Stella create hers company exactly based on hers lifelong vegetarian faith. Message side shows the nature factors of brand, the product Stella mainly provide, target markets, stores located and the communication with customers Like Stella target their customer as 20-50 years old people with higher income; Good fashion awareness; prefer design and high quality clothing; Eco-friendly, conscious women (Drexler, 2014). In this process, it exist competition such as Alexander McQueen, Vivienne Westwood which has similar sustaining operation background (Cronin, 2014). At final stage, brand image as Receiver side, customer receive Stella particular image. For instance, Point-of-Difference (POD’S) attribute stand out Eco-fashion, vegetarian image, environmentally and sustainability conscious (Stella McCartney, 2015).
Branding creates value for the product and it influences everyone directly or indirectly. Innocent made their brand stand out from the crowd by adopting innovative ways of marketing and that was their beginning in differentiating their product from their competitors
Fashion is a manner and style especially clothes, shoes, makeup and hairstyle. When I came from my home country, I have not much knowledge about fashion, and even do not know more about fashion brand. I was learning from technology, school and start follows American fashion. In eighteen century, people were also very fashionable as we are mostly seeing in the old films and pictures. The fashion was started from Europe and England because on that time Kings and Queens were fashionable and spends money on luxury items. The Queen Elizabeth has famous because of fashion and style, because she is wearing bright dresses, necklace etc. The brands we are use now a day’s also established in many years back like Coach is in the fashion for last 75years. Now a day’s fashion is change every spring, summer and fall because people are more creative to do something different. Social media is the main source to develop the latest fashion between new generations. People are follows facebook, twitter, instagram because celebrities, models, and companies share their fashion with public. In the twenty century people have jobs and money that’s why they start spending on technology, and fashion, on the other side there are competition in the fashion industry so it’s difficult to compete it.
Gucci is a multinational fashion brand based in Italy. The brand specialises in leather goods, clothes, and fashion accessories for both and women aged between 24 and 30 years. Gucci was founded in 1921 in Florence, Italy by Guccio Gucci (Gucci Official Site United States, 2016). The main purpose of this paper is to provide an in depth brand analysis of Gucci. The paper will investigate and evaluate Gucci’s vales and identity, and will discuss how successfully these are reflected by Gucci’s business model, supply chain management, and Corporate Social Responsibility (CSR) activities. In addition to that, the paper will critically evaluate Gucci’s brand identity (identity) in relation to its brand image (external).
As the power of science and technology merge together, society lifestyles have been altered profoundly. In the mid- 1900s, the science community was convinced that body-worn technology would be a hit. Most developments can be found to be very little and all of the few consumer products so far have not been very successful. The first part of the thesis illustrates why this is the case and presents examples that why smart clothing could be a part of everyday life.
Marketing strategy is the goal of the increasing sales and achieving the sustainable competitive advantages. Marketing strategy includes all the basic and long-term activities in the field of the marketing that deal with the analysis of the strategic initial situation of the company and the formulation, evaluation and selection of the market-oriented strategies and therefore it contributes to the goals of the company and its marketing objectives.
A strategy is said to be a plan that is made for the long term success of a product or brand. It is extremely important to have a strategy in order to figure out a direction towards which any company is able to focus all its resources efficiently and achieve desired outcomes. Formulating effective strategies is a considerably long process in itself that combines analysing several factors, situations and issues that are already present in a company and looking to improve on them alongside trying to implement various innovations and ideas to collectively create a direction towards which they can move and direct the resources available to them.