Brand Portfolio Strategy + architecture + archetypes Flashcards
What is the difference between brand purpose and brand promise?
Purpose= reason to exist
Promise=value created
What is a good brand promise?
Specific, short & genuine
What does the brand promise consist of/answer?
What value is offered?
To whom?
How is this value created?
What should you avoid when setting the brand promise?
- Promising everything for everyone
- Being too vague and unspecific
What does the brand promise answer?
‘why’, not ‘what’
What challenges can brand strategy solve?
- Conceptualizing & design a new brand
- Growing & strengthening an existing brand
- Using a brand to expand business
- Organizing the internal relationships between multiple brands in a portfolio
- Collaborating with external brands
- -> mix of all of the above
What are the different components to consider in a brand strategy?
- Innovation analysis
- Customer analysis
- Competitive landscape analysis
- Positioning
- Brand elements
- Touchpoints/brand experience
- Control position
- Portfolio considerations
What is brand architecture?
The levels, linkage, and connections between different brands.
It is a structure that organizes the brand portfolio, by defining the roles & relationships among a company’s brands.
What consideration can be made around brand architecture?
- Number of levels
- Awareness & associations to be created at each level
- How to link brands from different levels
- How to link a brand across products
What different levels of brands in brand architecture?
- Corporate brand
- Commercial brand
- Product line brand
What are the different types of brand architecture?
- Branded House
- House of brands
- Hybrid
What is a branded house?
An umbrella or master corporate brand
Ex: SONY
What is a house of brands?
A collection of individual product/service brands
Ex: P&G
What is a hybrid?
A partly corporate brand, partly individual product/service
Ex: Lexus/Toyota
Name an example of a masterbrand, an endorsed brand an individual brand?
Masterbrand: Google
Endorsed: Marriott (hotels)
Individual: P&G