Marketing & Branding
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Question posted: 09 01 2010 11:14:36 +0000,
12 answers, 260 views, last activity
09 30 2010 15:27:17 +0000
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On the occasion of Nokia winning for Mobile telephony award in India, Nokia which has grown from being a relatively expensive tool for business people into an essential and affordable companion for everyone on the planet. And building a global brand has been the result of continuous innovation and an uncompromising drive for excellence. A leading brand is built over time.
It involves consistently meeting and even exceeding the expectations of customers in terms of the difference the company’s products make in people’s lives — in our case, Connecting People — and in terms of the customer care, recycling and other services that form the whole offering.
So there are many things that comes to mind when Brand Identity word is suggested. So, what is Brand Identity according to you??
To simply state it is the sum total of the characteristics of your product that you want to exhibit to the world outside.
It could be quality, price, service or some other proposition of your product that is its brand identity and for what it will be known.
These days more than creating a new brand MNC's(mostly and even the Indian Cos) find it is better and less risky to buy the existing brands(which have good Brand Equity) and work on them.
Some times, the customer does not even know who the real manufacturer is. The Brand has such power to influence the customer that he/she is no longer bothered about who produced it(Brand Power). This is taking place widely in the European countries and as well as in India (though very recent a trend).
Some companies have certain products or brands with which they are recognized. The Brand Positioning has the biggest job to do in creating this place in the customer's mind. Stronger the positioning Longer that brand lives. And as it lives, it grows Stronger.
BRAND IDENTITY involves two factors:
1] better placement/positioning of brands is required by the organizations to create image of brands.
2] acceptance by the customers, and then only brands are identified which leads to repeat purchases.
Behind every brands, there is a compelling idea which captures customers attention and loyalty. Leading brands continuously maintaining their relevance to their targeted customer base.
Thanks for the referral Ms. Purvi Ghose.
brand identity means an image of the brand in the mind of customers as that when he go to purchase the product at that time he ask to shopkeepar to that brand only in that segment...... for example in the washingpowder segment surf has its own image when customer like in rural areas go to the shopkeepar and ask for the surf this is a brand identity.......
Brand building is done and Brands are developed as an easy way to identify a product in a market having similar products.Recall memory helps for repeated purchase of the product.In today`s context brands are an asset to any organisation.Brands are identified easily by the consumers than the manufacturers.Longevity of the brands add goodwill and image to the product and the manufacturers.Capitalising the image of brands new products are launched in the same brand name (umbrella brand ex Godrej)Products with slight variation from the main brand (brand extension eg Horlicks junior)) are also launched.In short brands with brand power and identity increase the bottom line of any organisation.
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