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| Topic : Branding During Tough Times |
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Cross Media Advertising |
Brand Management |
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Source : http://www.twentyfive.co.uk
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8 comments
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last activity : 07 06 2010 20:18:04 +0000
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Research conducted by MORI, amongst 187 senior board directors of
the UK's leading companies, concluded that "94% agree that the asset
which offers the greatest protection during an economic downturn is a
strong brand".
There are three reasons for this:
- Confidence - Loyal customers retain confidence in a strong brand even when the going gets tough. Confident customers are less likely to switch brand.
- Risk - potential customers, staff and shareholders are more risk averse during a recession. Strong brand mitigates risk in the mind of the stakeholder.
- Value - Company value is more likely to remain buoyant in an economic downturn when it is supported by a strong and profitable brand.
Don’t be tempted to stop investing in strengthening your brand,
even when all around are losing their heads. By neglecting your brand,
you risk exposing the business at a time when recovery is much more
costly and much less certain of success. Brand profitability is the
ultimate goal but it takes investment. Short term budget cuts may lead
to immediate relief of pressure, but they will surely lead to long term
heartache.
I agree with your point ,but this is not true when we talk about goods of basic requirement like raw food articles or even healthcare services there it is always the price that takes edge from the brand.
so cost always wins from brand.
Offer a product at a very cheaper price see what brand can play,so if again we are talking about recession attractive price will always play its due role in decision making.comfort products have always been brand oriented.
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8 comments on "3 Reasons not to cut investment in Brand during a recession"
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Mittal Shah, Sr. Manager - Sales & Marketing, Infratech Real Estate Pvt. Ltd.
| 09 02 2009 12:07:52 +0000
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James Masih, Product/Brand Manager, FedEx
| 03 23 2009 11:50:59 +0000
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Syed Muddasar Moin, Product/Brand Manager, Events Network
| 03 05 2009 07:16:26 +0000
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yogesh Krishna, Retail Store Manager, Indus League Clothing Limited (Future Group)
| 02 20 2009 15:38:45 +0000
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prem prakash, SBU/Profit Center Head, Jindal Hospital
| 02 20 2009 08:30:08 +0000
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| 02 14 2009 12:11:43 +0000
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ashish trivedi, Area Trainer (Cust. Service) Eureka Forbes Ltd
| 10 07 2008 05:45:41 +0000
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Hardik Patel, Team Lead (Staffing and Recruitment), Rishabh Softwares Pvt. Ltd. / Rishi Infotech Pvt. Ltd
| 07 23 2008 13:40:03 +0000
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