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brand lifecycle
corporate brand management
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Polo Ralph Lauren the brand has become one of successful brand in America and across the world, as a well-known player in the design and lifestyle industry, under bender Polo Ralph Lauren collection of product range from reasonably inexpensive to expensive brand in men’s, women’s and children wear, accessories, perfumes and home furnishings. Widely seen as the number one brand that symbolize the American Style, Polo Ralph Lauren has implemented to its marketing strategy, which has leaded they to become a strong brand equity since being set up. Also, the brand has been selling its goods internationally, while it has kept up with its 45 years reputation and distinctive image developed across the different products and brands markets. Due to its marketing tools and its high quality brand image, this luxury brand keeps a constant relationship with its customers. Ralph is a truly inspired and continuously aspiring designer. (Garvin, 2008)
Also this report will firstly will highlight how Ralph Lauren brand has achieved this complete resonance with its consumers through the all four steps of Keller’s CBBE model in (apex figure1) since its creation. Then, underline the Points of Parity (POP) and Points of Difference (POD) of the Brand to finally recommend ways through which the brand can continue to be successful in future.
1.0: Ralph Lauren and CBBE model
Since 1967 Polo Ralph Lauren the brand is impeccable example for how a company must develop strong brand equity through the years. Indeed, the brand has established its image across a diversity of products and markets using a perfect lifestyle marketing approach. To understand how the brand has achieved strong brand equity, and resonance with its customers, analy...
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...inction (POD) in quotation to RL, is to articulate the note of being part of a way of life that includes dwelling the American illusion. Which till this day is an aspiration amidst numerous?
The heritage of RL is distinct to other marked components. RL, himself is renowned to be a merchandiser than a designer. RL’s notions are founded on his delineation of the American illusion, and admiration the upper-class goal assembly to realize the note being conveyed and to purchase into the emblem if they are motivated by the American illusion through RL’s product line. The emblem of the Polo contestant is an intriguing likeness, which connotes that the polo sport is one of the ways of experiencing the upper-class life.
Kotler (2001) defines a brand as a complex symbol that can convey up to six levels of meaning such as, attributes; benefits; values; culture; personality and user. The below table is to address the six levels of Vauxhall brand. It based on Coomber (2006); autoevolution (...
Now Levi’s brand is supposed to be seen as “a style for every story” – again emotional impact emphasized. But as we can see, although they stressed different features in different periods of time, LS&Co maintained core values which they stuck in people’s mind – quality, comfort, uniqueness and emotional impact.
Increasing awareness of a personal and unique identity distinguishes us from the pack. A brand mantra differs from a tagline, explains Guy Kawasaki, as a mantra describes internal business, a standard for a company to abide by. A tagline is for customers and what they can expect to be delivered (Martinuzzi, 2014). John Jantsch, founder of Duct Tape Marketing defines branding "the art of becoming knowable, likable and trustable” (Martinuzzi, 2014). Many specialists on the subject agree that trust building is essential in success. Being honest is one of the top five steps Forbe’s advises when it comes to brand building (Biro, 2013). Some suggestions to follow from, How to Build an Unforgettable Personal Brand (2014) include, making sure customers are provided what is promised, leading with unwavering quality and being consistent in making good on one’s word. The article also warns that the public will assign a default brand if a
The second case study is focusing on the brand extension of Calvin Klein. According to Learning & Memory chapter, brand extension strategy is “try to capitalize on consumer’s positive associations with an existing brand or company name.” We gave a logo “CK, ” and everyone would know this is a logo from Calvin Klein. Calvin Klein has struggled around many fashion brands like Tommy Hilfiger, or Ralph Lauren. Since the 1970s, the fashion designer Calvin Klein had add sportswear, classic blazers, and lingerie to his women’s collection. After that, the company made attempts to create its fragrance line. Since the 1980s, Klein expanded the market of men’s underwear (Calvin Klein Underwear collections) and nowadays, we can see celebrities like Justin Bieber or Kendal Jenner are the face of CK’s underwear campaign. Many brand names and licensing have been
Burberry seems to overcome several risks which decayed brand value so far and successfully revitalized the brand. However, it seems to centralize its effort on promoting product neglecting after sales relationship which would be essential for repeat purchases (The Economist, 2014). rather than delivering sophisticated experience. 럭셔리는 경험전달이 중요한데 위험함. Even though, Burberry has gathered everything Britishness to promote its brand identity, its home market consumers do not seem to fancy Burberry. Which makes it worse is the fact that it outsource its production from countries like China. These can severely harm its brand identity and subsequently brand value. As many people use luxury brands to represent their social statuses or identities, maintaining brand consistency should be of great importance to companies’ brand management and marketing
Even though he knew he could find clothes at a cheaper price, he wanted to make a point by dressing stylish and succeeded in doing so since he was 12. Ralphs company provides many different products including fragrances, clothing for all ages and genders, furniture, and dining ware. Ralph Laurens cloths are manufactured in many places some of which include the Philippines, Bolivia, Sri Lanka, China, and Hong Kong. The main headquarters of POLO still resides in New York City. He employs over 10,000 people with 388 stores worldwide and has an annual revenue of 2.2 billion dollars. Ralph has had many autobiographies written about him. Many start off by talking about his early life and move up from
Its luxury brand fashion from England. That has a problem the chav attack but become successful again which communication strategy to change the brand image thought digital media. It is Burberry, many believe, which is setting the agenda for luxury brands as they turn to digital to supplement offline sales, develop revenue streams, broaden their reach and appeal to a new generation of younger, affluent consumers (M. Phan et al., cited in New Media Age, 2010). There use online marketing strategy to promote their product through social media such as Facebook, Twitter and YouTube. Burberry was ranked the most popular FTSE100 Company on Facebook and Twitter, according to a report by social media agency Three-D in 2011(M. Phan et al., cited in Retail Week, 2011). But in the 2000’s Burberry has a problem the chav attack. That impact customer avoided buying it and that impact the Burberry companies nearly bankrupt. The chavs is young people that has characterized by brash, loutish and anti-social behavior. The hype did not even yield growing sales for Burberry as most of its low-income fans were satisfied with counterfeited products (M. Phan et al., cited in Power & Hauge, 2008). But Burberry become successful again. An essential part of the brand revitalization was an aggressive communication strategy to change the brand image. Advertising campaigns were shot by Mario Testing, one of the world’s most celebrated fashion photographers, and pictured
Polo Ralph Lauren’s key success factors derive from the company’s powerful identity. It is notorious for it preppy American style in the designer world, but it is also luxurious, elegant and thrives to always be a classic. It appeals to a wide range of consumers, even if a person doesn’t wear Polo they are at least familiar with what it is. The way the company markets itself is also a big part of its success. For a company that started out less than 50 years a...
Margaret Howell are perceived to be of excellent quality, but maybe parent or even grandparent generation would buy. Therefore, Margaret Howell launched a new line to introduce some vitality and energy to the mono-brand. From 4P based analysis presented by selected detailed information, Margaret Howell is about blend traditional materials with sophisticated modern designs, playing an important role in brand identification and representing hand British simplicity, elegance and craftsmanship. And MHL is about great fabric with workwear austere design and represents unfussy modest aesthetic, playing a key role in penetrating and pleasing broader market, more commercial and younger. Actually for fashion luxurious company, diffusion lines are usually used to be a crucial channel to increase mono-brand awareness, recruiting younger consumers and generating reliable revenues by using more accessible fabrications and lower price points. (Pratt,
Polo Ralph Lauren not only owned retail stores, but also under other retailers such as Nordstrom, Macy’s, Dillard’s, Belk, Saks Fifth Avenue, and various other retailers. The unique selling proposition of Ralph Lauren brands go about defining themselves as not like the others, is to develop a positioning that’s intended for a narrower target to make them unique. Most luxury brands fall into this fashion unique style categories. Ralph Lauren Company wants potential customers to know all the ways that they are better than others, and as a result their advertising focuses on product benefits. The result is to grab the attention of their customers. The emotional appeal of this brand is to increase your self esteem and leaves you feeling high class and
Companies use a collection of brand equities to represent their products in the market (Voolnes, 2012). Brand equity refers to the commercial value that is derived from the perception of consumers on any given brand name of particular products in the market as opposed to the product itself. Ataman (2003) notes that the effect to the consumer is in the brand name and not the product itself. Companies use logos, trademarks and a collection of other symbols to present this information to the customers. The use of these symbols is meant to try and capture the customer mindset so that they can be thinking about the company products at all times through the items they possess at home (Estes, Gibbert, Guest, & Mazursk, 2012). This can well be explained by use of the customer-based brand equity model that brings together the requirements for a publicly renowned brand in the market.
A brand can be described as the sentiments people have regarding a product offered in the marketplace; however, it is not the name, logo or the symbol of a product. The brand is an expectation which individuals have for as establishment’s commodities or amenities. Branding is defined as the process of producing reactions and impression between the business and the consumers of the products they offer. It is commanded by the audience, and an establishment has no control over what the consumer's perception of the commodities. In the marketplace, branding commands the reputation that a business produces for itself. The content which I have selected to concentrate on developing in this paper will take a comprehensive analysis of the brand “Coca-Cola.”
Consumers with high brand consciousness will have a strong purchase intention of luxury fashion products and a high level of brand loyalty towards luxury fashion brands (Sarah Marie Giovannini, 2012). The more brand-conscious consumers are, the more likely they would be to form more highly favorable attitudes toward luxury brands (Mark Yi-Cheon Yim, Paul L. Sauer, Jerome Williams, Se-Jin Lee, Iain Macrury, 2014). Therefore, consumers will most likely purchase luxury brands in order to reflect their prestige, value and status as consumer believe luxury brands indicates their high status as well as living standards (Phau, I , Huimin, T, Chuah, J,
A brand audit is a detailed assessment of a brand’s current ranking in the market compared to other competitors. It provides information on how the business is performing in the market. A brand audit also aims at examining the image and reputation of the brand as perceived by customers. The two key elements of brand audit are brand inventory and brand exploratory. Brand inventory provides up to date itinerary of how a company markets and brands its products. On the other hand, a brand exploratory is an examination undertaken so as to comprehend what consumers feel about the brand. It seeks to conduct a consumer insight research in order to acquire consumers’ feelings and perceptions. This paper looks into the brand exploratory of Cadbury in terms of the customer-based brand equity (CBBE) model.
He released a line for tailored suits for women in a classic men’s style. Ralph’s business plan was going well since he wanted to customize clothes to the latest fashion and targeted all ages and gender. Ralph Lauren brand did not get business by selling clothes, but with them going public in 1997 trading under the symbol RL they were able to double dip since they had product lines for clothing, fragrances, fine gifts, bedding, handbags, watches, products for home like pillows, and even a tribute book of Ralph Lauren’s evolution, designs and picture. The corporation had a defensible competitive advantage by having many varieties of product for all targets. They are able to dominant all companies and this can make them aggressive. Most successful corporations have competition, Ralph Lauren’s competitors were Burberry, Lacoste, Hollister and