SBM Flashcards
Draw the brand equity pyramid
Salience
Imagery, Performance
Judgements, feelings
Brand resonance
Benefits of customer relationship management
CRM increases CLV.
What are the two components of brand knowledge
Brand meaning and brand awareness
Benefits of co-branding
Borrow expertise, leverage partner’s equity
Disadvantages of co-branding
Loss of control
brand equity dillution
negative feedback effects
lack of brand focus
organizational distractions
Celebrity endorsements
Draws attention to the brand, shapes perception of brand. Celebrity should have high visibility, favorability (Q-rating)
Research: If you keep your marketing elements fixed
Brand based approach
If you keep your brand elements fixed
Market based approach
Both markets and brand elements are varying
Conjoint approach
What is explorative research
Qualitative
What is explanatory research
Quantitative
Where on balance sheet is brand equity
Goodwill
Which approach does not exist
Benefits approach
SECSR
Sincerity, excitement, competence, sophistication, ruggedness
5-15-42 rule
SECSR