Lecture 3 - word branding: names and claims Flashcards
Why would you name a brand?
- to make the brand/product memorable
- make a brand/product distinct from the rest on the market
- establish an identity that most likely will not change
What does a name with functional value mean?
the name elicits a practical evaluation e.g. price/quality, Swapfiets
What does a name with symbolic value mean?
A name that elicits an emotional evaluation (e.g. is it comforting, what meaning do I associate with it?) Tesla refers to Nikola Tesla, which has an air of genius
What is dichotomous branding?
The name is a combination of functional and symbolic value i.e. Milka refers to product made from milk
what are the degrees of symbolism?
- concrete i.e. Zeiss sounds like a German-origin brand
- somewhat concrete reference to a myth or history i.e. Nike referring to Greek Goddess of Victory
- Very abstract: no connection to anything i.e. Apple
What is the taxonomy of brand names?
- descriptive names: represent a description of the products or services offered.
- Allusive brand names: are not directly descriptive of the brand or products, but they hint at the brand values, superiority or characteristics of the products.
- Coined brand names are made up words with no prior meaning than the brand. Sometimes, this also include invented people
What are the pros and cons of a very descriptive name?
(+) help consumers classify a brand in the right category (of products/services
(-) limit the meaning consumers can attribute to a brand
(-) can be a problem if feelings towards a product/service change
What are the pros and cons of a very generic brand name?
(+) are less vulnerable to trends, and shifts in
consumer preferences
(+) leave more space for a constructed
meaning, together with consumers
(-) can take time and effort to establish a connection between the name and products/services
What are the two (main) reasons for name rebranding?
- structural change (internal)
- M&A
- change in ownership
- legal changes
- changing product category - Strategic change (external)
- Reputation problems
- outdated name/image
- changing brand perceptions
- internationalisation
- Changing business category
What are the pros and cons of rebranding?
(+) Forced choice, but also
an opportunity to project
distinctiveness and change (e.g. as a consequence of bad reputation).
(-) damage or eradicate
an established corporate brand and all the status and attachment consumers had to it.
What types of name rebranding is there?
- Evolutionary
it makes an implicit reference to the previous identity. In the case of M&A, often it’s the sum of the previous names or a reference to a change or evolution in product offer. - Revolutionary
makes no reference to the previous identity. Often used when e.g. the management of an organisation changes or there are bad connotations associated with he previous name i.e. Weinstein
What makes name recall easier?
- if the name is somewhat familiar (it recalls something that exists like Apple)
- if it has relevance (i.e. it connects to a product feature)
- if it links to advertised features of the product (e.g. Softex for a brand of tissues)
What makes a name sound feminine?
- longer names
- ends in vowel (-a, -e)
- mostly made of vowel sounds (Nestlé)
How are feminine brand names perceived?
- warmer, leading to a better attitude
- particularly successful in hedonistic products
what does conceptual fluency mean?
How easily X comes to mind and improves if an individual’s knowledge aligns with X.
Repeated exposure to the name “Easi-Clean” in advertising would make it easier for you to process the name in memory over time. This is the overall effect of familiarity.