| Topic : Various Branding strategies |
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Posted in Community :
Marketing & Branding
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Source : http://www.globalbrandstrategy.com
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1 comments
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last activity : 07 06 2010 20:18:04 +0000
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The recent times have seen an explosion in the number of the brands available in the market, thanks to opening up of global markets and the resultant increase in competition. This proliferation of global brands has brought in its wake a new set of challenges. The four eras of brand evolution: The imperial times when the European countries sold branded goods in their respective colonies; The Second World War after which new consumer brands were available in Europe and Asia because of the American hegemony in the world economy; The third impetus when the Berlin Wall fell and the markets that were closed because of political reasons opened up for the brands; The last era when the huge thrust came from the opening up of China—home to more than one billion people, which is not only massive in terms of consumption but is also a production hub for major brands from the developed world. The latest era has not only made a huge market accessible to many companies, but has also enhanced the need to expand a brand beyond the geography of its home country. Brand Stategy should always bemixed with business strategy.
Thus the key issue for the brand managers is how to deal with a brand when it stretches across multiple societies and geographies.
There cannot be a universal conclusion on the debate but understanding the brand more humanistically will provide a scope for better implementation of the brand strategy to suit the local as well as the global needsTrackBack URL:
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Commented by
Sourav Chatterjee, IT Engineer- CMC Limited-ATata Enterprise
| 07 23 2008 00:41:03 +0000
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