Lecture 1 Brand and branding Flashcards
De Chernatony, L., & Dall’Olmo Riley, F. (1998). Defining a” brand”: Beyond the literature with experts’ interpretations. Journal of Marketing management, 14(5), 417-443.
De Chernaton & Dall’Olmo Riley (1998)
A brand is about what customers perceive a company and what value the business have.
Branding at botom is a bit like onscenity. it is easy t recognise but difficult to define (brown 2016)
if you give a short definition it is likely limited
branding
historically an instrument of distinction, a burning mark on a cattle , this is mine, this is yours
brand evolvement
evolving into a mark of distingusihing producers from another - development of uniqueness but also making a company responsible for the product :)
for a long time the product was at the center and the brand just a technical add-on
today however a strong brand is considered a strategic asset and could be valued many times over the price of producing a product
the brand metamorphosed into being more valuable than the prodcts sold
the way we see brands are valued ar the expectation of the future? list of brands at the stockmarket
brand value , brand revenue
expectations of the future and the brand, and how they are valued. the old brands in the top are now far behind, technology fashion good now?? new company like tessla how it is valued in comparison to traditonal companes? very interesting. built up in our mind of what they are capable of delivering, not now but in the future. you also have to deliver. aspect of sustainability, part of the expectations today. interesting development on the stockmarket - being sustainable brand to boost your brand. how big hedgefonds don’t want companies that dont builds a sustainable brand as they are the most valuable .
- the surplus you pay are the brand value. expectations of revenue is about branding, how these companies survives in the future.
currently
from
story telling that entreprenurs use when getting investors, and how they interviewed investors what was it they really triggered on this ability to tell a compelling story; which is what branding is about, and which is what people buy into.
it is about having a good story to tell
currently
a brand is a promise , a convey of meaning and story
from brand conveyor informatoin to brand as conveyor of image and image
- we live in a branded society where the branding process is associated not only with the business but ith the social life, personal life, identity, fame celebrities, etc.
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branding as cultural resources
- we buy brands to define ourselves
- they are part of who we are, either what we don’t or do buy
- cultural resources important part of branding
branding adn marketing
if you are. a business, branding is who you are - and marketing is how you build awareness
- for the business practitioner, branding is the strategy, while marketing encompasses the tactical goals
- what story do you think about when you think about a brand
- a brand is created in the mind
- look at notes there are more !! :)
the discourse of branding is a bit like an invasive species (brown, 2016: 11)
the state can form what a brand means, and people also, tiffany & co , tiffany’s wanted to attracted a new crowd and played with graffiti,
https://static.squarespace.com/static/52f06caee4b0c058f6084354/t/539070a1e4b0b4380bb48719/1401974945820/Levy_ProductandBrand.pdf The Product and the brand Gardner, Burleigh and Sidney Levy 1995
https://static.squarespace.com/static/52f06caee4b0c058f6084354/t/539070a1e4b0b4380bb48719/1401974945820/Levy_ProductandBrand.pdf The Product and the brand Gardner, Burleigh and Sidney Levy 1995
- a brand has to decide who they want to target:
* Accordingly, management has to determine what kind of brand it wants to present. Does it
wish to be very dignified (and forego the teen-age, dime-store customers); does it want to be
smart and individual (and latch onto The New Yorker readers); or does it want to seem a bit
daring and frivolous (and skip a lot of moral middle-class housewives)?
- companies have to do an evaluation of what the public think of the brand: good by merely telling them loud and often about its benevolent intentions.
For management to be able to handle this problem effectively it should evaluate its brand’s
current public image, the differences seen by different important consumer groups, and the
images of competitive brands. Otherwise, it does not know just what it is working against, what
limitations in image must be overcome, and what strengths it has to build on.
Building the Brand
In creating, developing, or modifying a brand image, the advertising people must have a good
understanding of the situation that confronts them. This includes a nuanced appreciation of the
brand image as it already exists–with an awareness that the momentary sales position of the
brand may be less important for its future than the danger that people may think of it as getting
increasingly passé, perhaps.
Advertising men must think about such problems as:
1. In a lively product area, is the brand thought of as dull?
2. In a conservative product area, is the brand too frivolously presented?
3. Does it involve anxious connotations?
4. Does its use pattern seem increasingly circumscribed?
5. Is it an “unfriendly” brand, an overly masculine brand, a weak-seeming brand, and so on?
https://static.squarespace.com/static/52f06caee4b0c058f6084354/t/539070a1e4b0b4380bb48719/1401974945820/Levy_ProductandBrand.pdf The Product and the brand Gardner, Burleigh and Sidney Levy 1995
Should companies think of the colour they have and how it psychologically can influence what people think of them?
https://static.squarespace.com/static/52f06caee4b0c058f6084354/t/539070a1e4b0b4380bb48719/1401974945820/Levy_ProductandBrand.pdf The Product and the brand Gardner, Burleigh and Sidney Levy 1995
YES Too many advertisements are built as individual units, with a conglomeration of
elements to satisfy different agency and client tastes rather than with reference to a guiding,
governing product and brand personality that is unified and coherently meaningful.
In many advertising conferences someone will ask: “Which of these campaigns will sell the
most packages?” This is not an irrelevant question, certainly, since presumably advertising that
does not sell is unproductive. Nevertheless, a single campaign is not the manufacturer’s only
salesman, and he usually intends to remain in business for many following years. From this point
of view it is more profitable to think of an advertisement as a contribution to the complex symbol
which is the brand image –as part of the long-term investment in the reputation of the brand.
This point of view has many implications. It means that:
- Copy should be thought about in terms of its symbolic and indirect meanings as well as its
literal communication.
- Color and illustration are not merely esthetic problems since they also have social and
psychological implications.
- Media selection should be related to a brand image plan and not merely geared to circulation
figures.
- Research should seek out ideas and meanings as well as audience statistics.
CONCLUSION
We have sought to highlight some ideas that seem to be important in the thoughtful
presentation of products and brands. Products and brands have interwoven sets of characteristics
and are complexly evaluated by consumers. Hence, advertising a product is not a matter of
isolated messages. It calls for analyses of attitudes and motives. It also calls for a differentiated
knowledge and judgment on the part of management and advertising people; in a sense, their
tasks become richer, and the division of responsibility more meaningful.
With the findings of qualitative research, management can see its product in a clearer
perspective. Advertising people can increase their awareness of the social-scientific nature of the
communication process and the way in which their actions influence it. Those on the creative
side of advertising, particularly, can find new sources of stimulation and inspiration in breaking
away from the preconceptions and conventions that have fixed so much advertising in set molds.