Halo Effect in Branding Branding is defined as “the promot[ion] of a product or service by identifying it with a particular brand” (Merriam-Webster, 2015). Branding is also used to create a corporate image or brand by utilizing logos, corporate statements, and other images that will be associated with or displayed on all of that company’s products (Wolak, 2002). A brand is a valuable, enduring asset that is essential in creating and maintaining competitive advantage in an industry (Wolak, 2002; Murphy, 1988). This corporate asset can be just as important as the product or service behind it, because it carries name recognition and peace of mind to customers in the purchase decisions they make everyday (Hall, 2008). Brands essentially work as a “shorthand device” for consumers to evaluate product decisions by conveying a message of uniform quality, credibility, and experience …show more content…
The image that consumers hold of an industry as a whole can affect product evaluations indirectly, by influencing corporate brand image. Industry image accounted for sixteen percent of the variance in corporate image in one study. The researchers in this paper selected nine industries and twenty-seven brands for over three thousand interviewees to evaluate and completed a statistical analysis of the results. This analysis showed a highly significant connection between both brand images and industry images and industry image and individual brand image attributes (Burmann, Schaefer, & Maloney, 2008). Consumer’s stereotypes of a particular industry also affects how they view large companies. One study has shown that perceived images of large banks, major airlines, and large food chains are highly correlated, at least to a certain point. While respondents had a less positive view of large banks, their judgment of their own bank was more positive (Tucker,
A brand is utilized by a company to differentiate its products from others in the market. Some techniques for accomplishing this are through the use of distinguishing logos, names, color schemes, and slogans. An effective branding strategy is one of the most important components for gaining a significant advantage in a progressive market. Basically, a company brand is its promise to its customers about what can be expected from its product and how it differentiates from the competitors. The branding strategy is the part of the marketing plan that explains how and to whom the company proposes on conveying its brand messages. It will also explain where the company plans to advertise and what it will publicize both visually and verbally (Williams, 2013). Home Depot’s marketing plan will contain domestic and global branding strategies and will be a collaboration of brand messages from both Home Depot and Reach the Top®.
In relation to this case, Target Corporation depicts a brand personality among its target audience. Target Corp. is considered as the retail store that caters to the younger and more educated and well-off clientele as to compare with its rival. In a survey conducted, Target Corp. shoppers fall on a 46 years old age median, mostly female, have children at home, and attended or completed college (Target Corporate Facts, 2006). Thus, the target market is perceived to be sophisticated. However, with the corporate values the corporation applies, the brand personality serves as one of its distinguishing pro.
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.
A customer’s response falls in two categories, judgment and feelings. Consumers are constantly making judgments about a brand. These judgments fall into four categories: quality, credibility, consideration, and superiority (Keller, 2001). Customers judge a brand based on its actual and perceived quality, and customers judge credibility using the perception of the company’s expertise, trustworthiness, and likability. To what extent is the brand seen as “competent, innovative, and a market leader,” “dependable and sensitive to the interest of customers,” and “fun, interesting, and worth spending time with” (Keller,
[5] Nandan, S. (2005) An exploration of the brand identity-brand image linkage: A communications perspective, Brand Management. (pp 264 – 278)
Chernatony, L. and Dall' Olmo Riley, F. (1998) Defining A "brand": Beyond the Literature With Expert Interpretations. Journal of Marketing Management 1998 14, pp.417-443
For instance, the ability of Levis jeans to command high prices in many European and Asian countries illustrates this idea. In fact, brand image is often the most important consideration in purchasing apparel products. While most apparel firms understand the importance of brand image, they may not so understand how the brand image impacts the consumer’s decision or how a strong brand image can effectively overcome the negative impact of other product attributes on consumer decisions. In another words, marketers must understand what motivates a consumer to purchase a particular product is essential in constructing a solid growth strategy for a brand (Bui,
McDonalds and Kellogg, two recognisable brands, but some parents don’t trust due to high sugar and fat content. How will they create a better public image towards both kids and adults? Recently, 2 major companies, Mcdonalds and Kellogg, have decided to make a healthier turn towards their products. In the articles “Kellogg makes a healthy choice” by Tony Tiger and “Happy Meals are healthy enough” by Ronald McDonald address the theme of changing a company’s public image by utilizing different methods.
Marketers assert to develop branding and packaging strategies that signify the brand’s products in a way that establishes lasting impressions in consumers’ thoughts. Because brands distinguish the many product offerings in the marketplace, brands help consumers choose between product offerings. When branding and packaging strategies clearly illustrate worthy product expectations, and products remain true to branding messages, positive consumer perceptions ensue, and brand value is strengthened.
Branding is an effort on the part of the manufacturer(s), marketer(s), to create a distinctively unique image about their market offering(s) in the heart and mind of the consumer(s) through delivering value, utilizing marketing promotion and various brand building initiatives. Truly brands resides in the hearts of the consumer(s), and the consumer(s) brand awareness, brand preference and brand loyalty determines the fate of the brand. Brand equity measures the goodwill of the brand in the market and the level of consumer brand preference and consumer brand loyalty. Consumer(s) brand loyalty is highest, when the consumer(s) demands their favored brand, refuses to buy any other brand and are willing to put in an extra
In latest time, branding theory literature has focused on the customer– brand relationship, which is based on an image that suggests consumers form relationships with brands in the same way they form relations in a social context (Fournier, 1998; Parvatiyar and Sheth, 2001; McAlexander et al, 2002). The concept is complex in nature and reflects affective and socio-emotional attachments, behavior ties and supportive cognitive beliefs
The purpose of this research was to create a deeper consideration about the influence of
This comes about when people hold strong favorable and unique associations about the corporate brand in memory (Keller, 1993). Even so, this is usually evolved over years of exposed superior...
Branding should be evident in every aspect of your business, from the way customer representatives answer the phone to the e-mail signature. It also has to extend to what you or what salespeople wear when they go on sales calls. Awareness and recognition are best established when clients are constantly fed with information and details about your brand. The next time they see your brand’s logo, hear the slogan or jingle or just the name being mentioned, they will instantly connect it to you.
Branding is a strategic practice used by marketers in conjunction with graphic designers to assist with developing the visual identity and personality of corporations and their products. Developing a brand identity allows a company or product to distinguish itself from its competition to the consumer. Brand identity is developed from many different elements in a marketing campaign including, but not limited to the storefront, the logo, the website, print materials, all the way to the uniforms the employees wear on the store floor.