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Notes on branding
The impact of branding on consumer behaviour
Branding and its effect
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1. Brand and Branding
1. Introduction: This chapter discuss the general branding phenomenon, the concept of brand, brand identity, brand image, and how making a creation of brand. And explain the importance of branding and the relation between branding and architecture. There are various terms used when analyzing brands, and working with the concept of branding. Therefore, in this chapter will account for the most relevant terms included in this thesis to clarify the interpretation of them in this particular context. And clarification of the definition of a brand, which is the very core of the term branding. This will lead to a clarification of brand identity and brand image which will continue to discuss place image and will end by explaining
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1.1.1 Brand definition: Brand is the "name, term, design, symbol, or any other feature that identifies one seller 's product distinct from those of other sellers." Brands are used in business, marketing, and advertising. Initially, livestock branding was adopted to differentiate one person 's cattle from another 's by means of a distinctive symbol burned into the animal 's skin with a hot branding iron. A modern example of a brand is Coca-Cola which belongs to the Coca-Cola Company
" A brand is a distinguishing name and/or symbol (such as logo, trademark, or package design) intended to identify the goods or services of either one seller or a group of sellers, and to differentiate those goods or services from those of competitors. A brand thus signals to the customer the source of the product, and protects both the customer and the producer from competitors who would attempt to provide products that appear to be
In every given business, the name itself portrays different meanings. This serves as the reference point and sometimes the basis of customers on what to expect within the company. Since personality affects product image (Langmeyer & Shank, 1994), the presence of brand helps in the realization of this concept. Traditionally, brand is a symbolic manifestation of all the information connected with a company, product, or service (Nilson, 2003; Olin, 2003). A brand is typically composed of a name, logo, and other visual elements such as images, colors, and icons (Gillooley & Varley, 2001; Laforet & Saunders, 1994)). It is believed that a brand puts an impression to the consumer on what to expect to the product or service being offered (Mere, 1995). In other application, brand may be referred as trademark, which is legally appropriate term. The brand is the most powerful weapon in the market (LePla & Parker, 1999). Brands possess personality in which people associate their experience. Oftentimes, they are related to the core values the company executes.
A brand logo is a graphic symbol being used by organisations including businesses to represent and promote their establishments, and more importantly to create an unique identity of their products and services. The effective use of logo enables the company to engage the customers with a distinctive way and associate it with a brand name and slogan.
Brand; - brand is known as uniqueness in term of what products or service the company provides. Brand is also set of insight or image that represents seller. Brand defines symbol, name, term or feature of company’s service or goods. Example of popular brand is apple, Amazon and Samsung.
Branding has now become an indispensable part of every organization. In the world of increasing competition companies need to differentiate their products or services to become successful. Making a product or service and simply selling them will not make a business successful. It will only become one among the thousands. Branding is an effective tool which helps the companies to differentiate and position their products and to establish a personality and identity. Such a personality and image is very much needed to create loyal customers, who are
A brand identifies a seller’s product from a competitor’s product. There are three main purposes for branding product identification, which is the most important purpose, repeat sales, and new-product sales. Branding has a lot of terms that marketers use there is brand equity, global brand, and brand loyalty. Marketers also have different brand strategies that they use for different products or customers. It all depends on the consumer for them to decide which strategy they will use. The different strategies are generic products, manufacturer’s brands, private brands, individual brands, family brands, and co-branding. The branding purposes and the branding strategy make up the importance of branding.
Kaplanidou and Vogt (2003) define destination brand about “how consumers perceive the destination in their minds”. The basic or core element of this model is to define and build Brand Identity. This is how the strategists or the Brand developers want the brand (Destination) to be perceived by the consumers (i.e. tourists). According to Kaplanidou and Vogt, brand identity should be developed capable to establish a relationship between the brand and the customer by generating value proposition. Further, five bases are defined in the model to manage Brand Identity, namely, brand image, brand personality, brand essence (soul), brand character and brand culture. So, to develop or build a Destination Brand the assigned organization must direct its efforts towards building Brand Identity through carefully managing the aforesaid five components.
The first store of Limited Brands was opened by Leslie Wexner, C.E.O. of Limited Brands, In 1963. The store mushroomed rapidly and it’s profit was used to explore the business by primarily focusing on women’s clothing. In 1982, company brought many stores Victoria's Secret, a lingerie store,Lane Bryant and a women's clothing forte store. It opened new stores drastically by end of year 1990 named as Lane Bryant, Lerner Stores, Henri Bendel, Abercrombie & Fitch, and Bath & Body Works. Moreover, company shown it’s interest in other businesses.
A brand is not only a product, logo, website or your name, but a lot more beyond it. It is an intangible stuff that keeps big enterprises separate from basic brands. The brand identity of an organization is how it sees itself and want to be seen by the audiences. An effective brand identity reflect the personality of your business plus worth of products and services you are
What is brand? Brand is a trade name which can distinguish from other product or service (Intellectual property office, 2013). Another meaning of the brand is to convey the promise or message to the customer (Intellectual property office, 2013). A powerful brand can lead the company to go further in the industry and it can develop the company's potential (Temporal, 2010). Therefore, brand is a signifying of the company.
“BRANDING” Who Cares? Is branding brilliance or burden for a small business? I love small businesses, I admire their ability innovate, compete and survive in tough market conditions with limited resources and virtually no bailout from policy makers. I know small businesses who are less concerned about monetary policy, recession, budgets and laser focused on their product/service & customers. It’s astonishing how they keep holding their piece of pie defying all the odds but at the same time, I feel that considerable part of small businesses are so caught-up in their everyday struggle or routine.
Brand is one of the most important resources, the real identity, and public image for an organization (Heding, Knudtzen, &Bjerre, 2009). A brand represents the unique features, characteristics, quality, and reliability of the product of a company. A good brand develops an idiosyncratic, ever-lasting, and distinctive perception of the product in the minds of the customers.
A company’s brand is one of its most valuable assets (Green and Smith 2002). Brands owners invest millions of dollars every year in advertising and promotion to raise awareness and create demand for their brands.
Secondly, some light has been thrown on the previous researches by various authors on the similar topics by providing with a summarised form of the same. It helps in better understanding of the ongoing concepts and perceptions on the concept of brand and its importance.
Every company seeks to create its own brand - a unique and effective image. Purpose of brand is attracting and retaining customers in its market share. Branding in marketing is a complex technology, aimed at making advantageous position a brand from the competition. Facilitating the search for the necessary goods to the buyer, branding in marketing becomes more effective if the consumer product features meet market requirements. It is especially necessary to identify the goods, for a case of unprepared buyer which can not assess the competitive characteristics (for example, high-tech products). The development of technology has had a huge impact on human society. It is reflected in the fact that we are surrounded by complex technical devices that we use every day and sometimes we have no idea of how this thing is located within. Here the brand comes to help the consumer that stands out from all those product characteristics that are important to the consumer and facilitates the understanding of the product.
Brand offers superior quality of the service to the customer’s expectation and satisfaction. Furthermore, people are much attached to the branded products, as majority of the people purchase the branded products with the belief that brands show their status and life style in the society. And also because they believe that they are purchasing quality when purchasing branded product. As duration of stay creates impact of brand on consumer behaviour, so verification of brand image, brand loyalty and personality should be considered as the significant factors in this regard. It can also be said that there is need to improve the product of a particular brand so that the impact of brand on consumer behaviour is more effective in comparison to the existing scenario. The study also reflects that the product features are very essential for consumers. Advertising plays a very important role in achieving growth for any product or brand. The right media for advertising products and services should be chosen to gain customer attention.