brand.ppt
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This document discusses brand management and provides steps for effective brand management. It defines a brand as a strategic asset requiring long-term management that is the centerpiece of marketing strategy and represents an organization's culture, identity, image and reputation. It then provides 7 steps for an effective approach to brand management, which include becoming truly marketing minded, monitoring the changing environment, having a meaningful brand vision, building the brand from the inside out, planning for success, becoming a learning business, and being prepared to change.
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brand.ppt
- 1. Brand Management Putting on Our Corporate Face Edited by Prof.P.Kameswara RaoMBA.,PhD., RBS-RAI UNIVERSITY HYDERABAD
- 2. What IS a Brand (Management)? • An asset requiring strategic and long-term management • The centerpiece of the marketing strategy • The organization’s culture, identity, image, reputation
- 3. This Is Who We Are! Knowing who we are exactly will enlighten us on how to proceed…. It means defining you and your business…..
- 4. “We are one company and we should look that way.” Frank Shrontz, Boeing
- 5. What a Brand (Management) IS NOT • A product or service or….. • Just advertising or communicating the organization’s name, logos, symbols or slogans…..
- 6. Why do Brand(ing)? • To have a positive impact on the decision making of targeted audiences • To solidify our corporate one-ness • To provide a focus
- 10. Approach to Branding • Graphics Standards Manual • Business cards • Theme messages for employees • Leverage success of past efforts • Single Corps presence at national events • Corps Path
- 11. Approach to Branding • Hire professional branding consultant – research/survey – engage senior leaders – train the workforce – implement internal & external branding – evaluate/measure
- 12. Step 1: Become truly 'Marketing Minded' • When many people think of marketing they think of meeting customers needs. Understanding and responding to changing customer needs is essential, but there is another dimension. Brand-led marketing ensures that you meet customer needs in a way that is different from your competitors. If you can't find this point of difference you're in danger of becoming a price-based commodity.
- 13. Ask yourself: •Do my customers really see me as different from my closest competitors? How/Why? What can I do to make my business more distinctive and appealing to help secure them as long-term and profitable customers?
- 14. Step 2: Monitor the Changing Environment We live in a rapidly changing world of many threats and opportunities. Few business managers take adequate time out to stop, look around, and reflect on how these changes might have an impact. As a result, most companies die young.
- 15. Ask yourself, at least once a quarter: • What are the changing consumer trends, competitor activity, legislation, economic trends or technology developments that might have an impact on my business?
- 16. Step 3: Have a Meaningful Vision for your Business and your Brand A business Vision (or Mission) has a number or roles: most important of which are to inspire and guide. Too many business Visions include words like 'leader', 'best', 'preeminent', 'most successful'. Words like this can mean many different things to different people. Because of that they are of limited help in inspiring or guiding the behaviour of the business team. Brand Visions have just the same function. Make sure that you have a written Vision for your brand that is strong enough to inspire and guide behavior.
- 17. Ask yourself: • Do I have a brand Vision that everyone understands and has bought into? • How might I improve my brand Vision, so it is a stronger inspiration and guide?
- 18. Step 4: Build Your Brand 'From the Inside Out' • Building a brand is not just about • advertising or 'marketing communications'. Nor is it just about your 'product' or 'service'. Your brand is really what your customers think of you, and how much trust they have in you. To build a strong brand you have to have a clear idea of how you want to be thought of, and then consider everything that you say and do. • In everything that you say and do,
- 19. Ask yourself: • Will this get me closer to where I want to be in the mind of my customers?
- 20. Step 5: Plan for Success • There is a phrase: "If you don't know where you want to go, any road will get you there". This is true in life, and it is true in business. If you want to succeed you have to have clear, measurable objectives - you have to know where you want to get!
- 21. Ask yourself: • Do I have a brand plan with clear, measurable objectives? • (And am I measuring the things that are really important!).
- 22. Step 6: Become a 'Learning Business' • Continuously improving your brand-led effectiveness is essential to long-term success. The best way to achieve this is to ensure that you take a little time to become a 'Learning Business' by building learning into your processes. • For every marketing initiative you undertake, …..
- 23. Ask yourself: • How can I build learning into this, so that I can find out what works and what doesn't, and do it better next time?
- 24. Step 7: Be Prepared to Change • What worked in the past may not work in the future. If you can achieve steps 1 - 6 that's great, but you have to go one step further. You have to be prepared to change. Don't just do the same things better, look around for new ways of pursuing your vision and your desired brand. Explore, experiment and anticipate.
- 25. Ask yourself: • Is there an opportunity to break out, and achieve a step-change from where I am now?
- 26. Opportunities will never come….. unless you grab them at the right time