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Topic : Global Brand Strategies
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Marketing & Branding

 
Started by : Jitena Kumar Rawat, Senior Consultant, GKC   09 20 2008 13:23:03 +0000
Industry : Management & Strategy ConsultingFunctional Area : Branding(Sales & Marketing)
Activity:  90 views;  last activity : 07 06 2010 20:18:09 +0000

A Brand is a failure when its presence in the market leads to: -

  • The withdrawal of the product/brand from the market for any reason;

  • The inability of a product/brand to realize the required market share to sustain its presence in the market;

  • The inability of a product/brand to achieve the anticipated life cycle as defined by the organization due to any reason; or,

  • The ultimate failure of a product to achieve profitability

 
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1 2 3 4 5
1 A sense of authenticity
2 think global but act local
3 Find Opportunities
4 A great brand experience
5 UNDERSTAND YOUR CUSTOMER
6 steps to become a global brand

A sense of authenticity

idea posted by Ajit Khan Sales/BD Manager, Future Group

According to me today consumers in both developing and developed countries have a finely tuned sense for what is true and authentic versus shallow and contrived. like they want to associate which very authentic and only one can get a product from that brand and no where else, so consumers are still drawn to brands with a strong heritage and authenticity by itself

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yes i agree with this one like people will always go for authenticity, like which no one has by which it will give them that sense of feeling that only they have it and the rest don't and this authenticity in brand really works when they come up with the limited number of that product where only few hundreds of products are there and there are thousands who want that product, so this authenticity is a great success factor for global brand success.

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think global but act local

idea posted by Jagbir Singh Senior Consultant, Ernst & Young

according to me, if you want to make a brand global, we need to first  understand the local market, start from local market, and  never  fo for global until the core competency of a company is fully accomplished, and create a brand name for itself in the local market, what I am trying to  tell is that for succesful global brand , acting local  is very important

thank u

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Local tastes may differ..local langauge may differ..so even though the Global Brand remains the same Branding efforts may be localised upon customer preferences..

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Find Opportunities

idea posted by Makrand Bhave Marketing & MICE, WIZCRAFT International

You will think about going global only when you have the confidence that the brand/product will stand upto the test of taste, standards, costs and quality of the people that live across borders.

Opportunities that will showcase the product/brand on the platform for international eyeballs should be scouted and then strategise these opportunities with an ambassador who will by the sheer presence endorse QUALITY and STANDARD of the brand / product!! Events like Fashion, Award functions Exhibitions should be exploited to the fullest to forward the communication. Global is not too far away!

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A great brand experience

idea posted by amit chaudhry Senior Consultant, IML

According to me if major factor for the Global brands success is to is create a brand experience which is not limited to the product or service only but also with every contact that the consumer goes with the brand and that should be a great brand experience of that product, which will eventually lead to a success factor for the global brands.

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UNDERSTAND YOUR CUSTOMER

idea posted by SRINIVASAN P Freelancer, Freelancer

NOT JUST KNOW YOUR CUSTOMER; BUT UNDERSTAND HIM; GET INTO WHAT IS GOING ON IN HIS MIND BY ASKING HIM - BOTH BEFORE SELLING AND AFER SELLING.

BEFORE SELLING: WHAT ARE HIS EXECTATIONS FROM THE PRODUCT OR SERVICE (EVEN IF IT IS NOT PRESENTLY AVAILABLE). AFTER SELLING: WHETJER HIS EXPECTATIONS ARE MET OR NOT. IF THE PRODUCT OR SERVICE DOES NOT MEET HIS EXPECTATIONS REFUND THE MONEY WIHIN LOOK-IN PERIOD. FOLOW UP SALES. FOLLOW UP SALES.......

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steps to become a global brand

idea posted by Jitena Kumar Rawat Senior Consultant, GKC
  1. Adapting products and services to meet local needs and tastes
  2. Solving the local value equation through product and pricing strategies
  3. Creating a strong presence and a distinctive identity
  4. Adopting more aggressive point-of-purchase tactics
  5. Getting as close to the local culture as is possible
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