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June 29, 2007
Branding Your Brand Equity
OK, let’s face facts. Managing your brand is paramount to any business. Right?
After all, it's the best way to boost its perceived value to your customers so you can drive brand equity, boost business growth, and increase profitability.
It was launched by the brand geniuses at Procter & Gamble in the early 1930s. But in today’s über-competitive marketplace with an increasing number of media channels ––digital, print, broadcast and mobile –– brand management is more critical than ever to product and corporate success as organizations attempt to communicate promises, build preference, and create other barriers to competition.
But brand management isn’t just about enabling multiple brands from a single company to compete in the same product category. You know that. I know that. Heck, even my kids know that with the Apple iPods or the Abercrombie & Fitch clothes they buy with their weekly allowances.
But building brand equity is even more imperative to organizations with just one single brand that must overcome the odds and out-market their competitors to create stronger bonds with their customers. This fact is key to the relationships between your divisions or product groups who are constantly cross-selling, up-selling, and trying to corral as many customers as possible within a branded family.
So whether your organization is large or small, multinational or regional, statewide or local, each article in Brand Perspectives can provide insights, guidance and counsel as you contemplate the various ways to manage ¬¬¬–– and grow –– your brand.
Posted by MCorp. at 29.06.2007 16:50 | Permalink
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