BRAND MANAGEMENT
MKT 543
BRAND RESONANCE AND THE   Chapter 3
      BRAND VALUE CHAIN
  BUILDING A STRONG BRAND: THE FOUR
  STEPS OF BRAND BUILDING
1. Ensure identification of the brand with
   customers and an association of the brand in
   customers’ minds
2. Establish the totality of brand meaning in the
   minds of consumers
3. Elicit the proper customer responses to the
   brand identification and brand meaning
4. Convert brand response to create an intense,
   active loyalty relationship between customers
   and the brand
FOUR QUESTIONS CUSTOMERS ASK OF
BRANDS
1. Who are you? (brand identity)
2. What are you? (brand meaning)
3. What about you? What do I think or
   feel about you? (brand responses)
4. What about you and me? What kind of
   association and how much of a
   connection would I like to have with you?
   (brand relationships)
FIGURE - CUSTOMER-BASED BRAND EQUITY
PYRAMID
BRAND SALIENCE
BRAND SALIENCE
•Measures various aspects of the
 awareness of the brand:
   • To what extent is the brand top-of-
     mind and easily recalled or
     recognized.
   • What types of cues or reminders are
     necessary?
   • How pervasive is this brand
     awareness?
 SALIENCE DIMENSIONS
Depth of brand awareness
 Ease of recognition and recall
 Strength and clarity of category
  membership
Breadth of brand awareness
 Purchase consideration
 Consumption consideration
DEPTH AND BREADTH IMPORTANCE
The product category hierarchy shows us
not only the depth of awareness matters
but also the breadth.
The brand must not only be top-of-mind
and have sufficient “mind share,” but it must
also do so at the right times and places.
PRODUCT CATEGORY STRUCTURE
To fully understand brand recall, we need
to appreciate product category structure, or
how product categories are organized in
memory.
STRATEGIC IMPLICATIONS
• Where do consumers think about a
  brand?
• When consumers think of a brand?
• How often do consumers think of a
  brand?
 BRAND PERFORMANCE
Describes how well the brand:
 Meets customers’ more functional needs
 Rate on objective assessments of quality
 Satisfies utilitarian, aesthetic, and economic
  customer needs and wants in the product or
  service category
PERFORMANCE DIMENSIONS
▪ Primary characteristics and supplementary
  features
▪ Product reliability, durability, and serviceability
▪ Service effectiveness, efficiency, and empathy
▪ Style and design
▪ Price
BRAND IMAGERY
User profile/imagery
 Demographic and psychographic characteristics
 Actual or aspirational
 Group perceptions—popularity
Purchase and usage situations
 Type of channel, specific stores, ease of purchase
 Time (day, week, month, year, etc.), location, and context of
  usage
Personality and values
 Sincerity, excitement, competence, sophistication, and ruggedness
History, heritage, and experiences
 Nostalgia
 Memories
BRAND JUDGEMENTS
Brand quality
 Value
 Satisfaction      Brand
                    consideration
Brand credibility    Relevance
 Expertise
 Trustworthiness   Brand superiority
 Likeability        Differentiation
 BRAND FEELINGS
Customers’ emotional responses and
reactions to the brand
Relate to the social currency evoked by the
brand
Feelings can be:
 Experiential and immediate, increasing in level of
  intensity
 Private and enduring, increasing in level of gravity
   IMPORTANT BRAND BUILDING FEELINGS
• Warmth- Soothing feelings that make consumers feel a
  sense of calm or peacefulness.
• Fun- Upbeat feelings that make consumers feel
  amused, light-hearted, joyous, playful, and cheerful.
• Excitement- Ability of the brand to make consumers
  feel energized and experience something special.
• Security- Ability of a brand to produce a feeling of
  safety, comfort, and self-assurance.
• Social approval- Gives consumers a belief that others
  look favorably on their appearance and behavior.
• Self-respect- Brand makes consumers feel better about
  themselves.
      BRAND RESONANCE
Behavioral loyalty
    Gauged in terms of repeat purchases and the share of category
     volume attributed to the brand.
Attitudinal attachment
    Strong personal attachment with product.
Sense of community
    Sense of affiliation with other people associated with the brand.
Active engagement
    The strongest affirmation of brand loyalty occurs when customers
     are engaged, or willing to invest time, energy, money, or other
     resources in the brand beyond those expended during purchase
     or consumption of the brand
RESONANCE DIMENSIONS
Behavioral loyalty
 Frequency and amount of repeat purchases
Attitudinal attachment
 Love brand (favorite possessions; “a little pleasure”)
 Proud of brand
Sense of community
 Kinship
 Affiliation
Active engagement
 Seek information
 Join club
 Visit website, chat rooms
  BRAND BUILDING IMPLICATIONS
− Customers own the brand
− Don’t take shortcuts with brands
− Brands should have a duality
− Brands should have richness
− Brand resonance provides important focus
FIGURE - SUBDIMENSIONS OF BRAND
BUILDING BLOCKS
FIGURE - BRAND VALUE CHAIN
BRAND VALUE CHAIN - IMPLICATIONS
• Value creation begins with the marketing
  program investment.
• Value creation requires more than the initial
  marketing investment.
• Provides a detailed road map for tracking
  value creation that can make marketing
  research and intelligence efforts easier.