Brand Portfolio Strategy + architecture + archetypes Flashcards

1
Q

What is the difference between brand purpose and brand promise?

A

Purpose= reason to exist

Promise=value created

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2
Q

What is a good brand promise?

A

Specific, short & genuine

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3
Q

What does the brand promise consist of/answer?

A

What value is offered?
To whom?
How is this value created?

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4
Q

What should you avoid when setting the brand promise?

A
  • Promising everything for everyone

- Being too vague and unspecific

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5
Q

What does the brand promise answer?

A

‘why’, not ‘what’

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6
Q

What challenges can brand strategy solve?

A
  • 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
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7
Q

What are the different components to consider in a brand strategy?

A
  • Innovation analysis
  • Customer analysis
  • Competitive landscape analysis
  • Positioning
  • Brand elements
  • Touchpoints/brand experience
  • Control position
  • Portfolio considerations
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8
Q

What is brand architecture?

A

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.

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9
Q

What consideration can be made around brand architecture?

A
  • 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
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10
Q

What different levels of brands in brand architecture?

A
  1. Corporate brand
  2. Commercial brand
  3. Product line brand
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11
Q

What are the different types of brand architecture?

A
  • Branded House
  • House of brands
  • Hybrid
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12
Q

What is a branded house?

A

An umbrella or master corporate brand

Ex: SONY

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13
Q

What is a house of brands?

A

A collection of individual product/service brands

Ex: P&G

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14
Q

What is a hybrid?

A

A partly corporate brand, partly individual product/service

Ex: Lexus/Toyota

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15
Q

Name an example of a masterbrand, an endorsed brand an individual brand?

A

Masterbrand: Google
Endorsed: Marriott (hotels)
Individual: P&G

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16
Q

Name 5 different brand architecture strategies and their characteristics

A

1) Product-brand strategy
=assignment of a particular name & positioning to one, and only one, product or product line
ex. Accor

2) Endorsing-brand strategy
= attaching the corporate brand to ALL lines & ranges
Ex. Néstlé

3) Unaligned/flexible umbrella strategy
= a single brand level, descriptive/code name for products. Limited/no brand coordination.
Ex. Mitsubishi

4) Aligned umbrella strategy
= a single brand level, descriptive/code name for products. High level of brand coordination.
Ex. Virgin

5) Double brand strategy
=TWO brand levels. High level of brand coordination.
Ex. YvesSaintLaurent

17
Q

Name the 6 archetypes mentioned by Leidenkrantx

A

1) Dominance
2) Freedom
3) Enjoyment
4) Belonging
5) Safety
6) Expertise

18
Q

Why do you want to use archetypes?

A
  • Brand personality

- Brand positioning

19
Q

Which two ways can you position yourself with archetypes?

A
  • personality

- Human needs

20
Q

Which are the fundamental human needs (archetypes)?

A
Liberty
Harmony
Closeness
Structure
Challenge
Excitement
21
Q

What is the risk with archetypes (human needs)?

A

Overemphasizing (too much/little, especially with single needs

22
Q

Give an example of a need-based repositioning and other repositionings?

A

Need-based: Volvo (safety to people)

Other: Nintendo (from excitement to closeness/family)