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Marketing Strategy Implementation ̶ Part I
Importance of branding in marketing
Developing marketing strategies and plans
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Recommended: Marketing Strategy Implementation ̶ Part I
Distinguishing one product from another depends on the target market’s ability and in turn the success of any business or consumer product (Lamb, Hair & McDaniel 2009). In the marketing industry and the business world, brand is defined as “a name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of others.” (Bennett, P.D., 1995). Brands are a common part of marketing and they serve as value to consumers. Brands also give firms a competitive edge over another and a certain leverage over its customers.
Rebranding is somewhat similar to branding, however, it may be for different reasons or purposes. Rebranding is managed in conjunction with the existing brand. It may require visible
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It is important for the brand to differentiate itself from the competition. Regaining the lost foothold on the market to re-attract consumers to the brand is important. In the name change, the product will retain the familiar Kraft name however, there will be an addition to the name to be: Nana’s Macaroni & Cheese by Kraft. In retaining the Kraft name consumers can still identify a familiar product amongst the competitors. An animated picture of someone’s grandma. Most people have a memory of their grandmother making mac & cheese in the kitchen from scratch. The boiling of the pasta and grating of that real cheese and working it into the cooked pasta with natural ingredients from grandma’s pantry. There will be a slight change in the color and notes on the package showing “new & improved” with real cheese. The ingredients will show organic pasta and real cheese to appeal to moms who are concerned about her children eating healthier. Showing a lower calorie count makes it something every family member can enjoy without feeling guilty of the calories. The customers’ needs changes and by making these changes or adjustments the product will appeal to customers’ who have made lifestyle changes i.e. eating
When people go shopping there are limitless choices of one product made by different companies, all choices of this product basically do the same thing, but what makes them different is the brand’s name. Companies with brands are trying to get their consumers by presenting their commodities in ways
Rebranding, as defined by Wikipedia Free Dictionary, is the process by which a finished product developed with one brand or company or product line affiliation is marketed or distributed with a different identity. This can be done purposefully or out of necessity. Frontier Airlines felt the necessity to re-identify themselves.
In every given business, the name itself portrays different meanings. This serves as the reference point and sometimes the basis of customers on what to expect within the company. Since personality affects product image (Langmeyer & Shank, 1994), the presence of brand helps in the realization of this concept. Traditionally, brand is a symbolic manifestation of all the information connected with a company, product, or service (Nilson, 2003; Olin, 2003). A brand is typically composed of a name, logo, and other visual elements such as images, colors, and icons (Gillooley & Varley, 2001; Laforet & Saunders, 1994)). It is believed that a brand puts an impression to the consumer on what to expect to the product or service being offered (Mere, 1995). In other application, brand may be referred as trademark, which is legally appropriate term. The brand is the most powerful weapon in the market (LePla & Parker, 1999). Brands possess personality in which people associate their experience. Oftentimes, they are related to the core values the company executes.
“Businesses keep this legacy alive by creating new products or consistently updating versions of the products they already sell. Anything new and improved, or rebranded, helps a salesperson who is creating a sense of urgency,” says Borja Obeso, Founder of Rebel
No Sauce Pasta, as the name suggests, is an easy to prepare noodle dish without tomatoes. It is one of my favorite pasta preparations and for a few good reasons: First, making this pasta meal is easy; second, it requires only a few ingredients; and third it is ready to eat in under 20 minutes. Lastly, the short ingredient list means you can savor the components, thus enjoy the meal even more. Healthy meals come from our kitchens and this one more than satiate the appetite. When healthy cooking may seem daunting, this meal, despite its simplicity, is flavorful, exceptionally satisfying, and a better alternative to takeout.
Inaccessible Ingredients Living in the first world, food is all around us, it is not only plentiful but also relatively inexpensive depending on the product. A lot of times we take our diet for granted, and because of this, we do not always realize what it takes to actually produce the food we are eating, or what is actually in it. Chances are, if you are like me, you go to the kitchen when you are hungry and whip up some macaroni and cheese then wash it down with a nice refreshing soda, or something similar, but do you really know what it is you just consumed? If the answer to the question is no, then you are like 76% of Americans who take into consideration the price of the product over the knowledge of what is actually in it (SWNS). Over
“For the first time in the history of the world, every human being is now subjected to contact with dangerous chemicals, from the moment of conception until death.” Why do people consciously consume unhealthy, processed foods which big corporations in America distribute? These foods can lead to potentially harmful affects on the human body. So why are these risky products sold and consumed? The main reasons are because processed foods taste great and companies make large profits from these unwholesome products. General Mills is the 6th largest food company in the world, and uses genetically modified ingredients, preservatives, and artificial flavors in their products. The product that will be analyzed will be the tasty, mouthwatering breakfast favorite, Reese’s Puffs.
Many different companies on top of the three discussed above change their logos from time to time. Re-branding is a natural part of running a company and many different people do it. You can also see the two tendencies that companies have when rebranding of shining the logo to look futuristic, or making the logo into simple line art to make it more of a simple shape. The three companies mentioned above clearly show those two re-branding tendencies when somebody looks at the logo evolutions. Logos, like the companies they represent, evolve and change.
The product branding of yogurt seems to be redefined every five to ten years. According to David Clark, president of General Mills’ U.S yogurt business; “It is a category of constant reinvention of itself”. Up until recently, General Mills has been able to keep up with market branding changes or beat
Have you ever had mac and cheese before? If you did, was it cheesy or creamy? Baking some delicious mac and cheese depends on the cheese you buy. Mac and cheese is an American food that us American’s love to enjoy. Americans eat mac and cheese as a side dish that goes with the main course meal.
... might need exposure cost. Holland and Barrett is currently using corporate branding because it presents every product with same brand name and to have same level of quality products.
What is brand? Brand is a trade name which can distinguish from other product or service (Intellectual property office, 2013). Another meaning of the brand is to convey the promise or message to the customer (Intellectual property office, 2013). A powerful brand can lead the company to go further in the industry and it can develop the company's potential (Temporal, 2010). Therefore, brand is a signifying of the company.
Identity based brand management has its main cause for repositioning, if a brand’s consistency and continuity are harmed. Continuity requires the retention of a brand’s essential characteristics over time. Consistency refers to the avoid-ance of controversy within the repositioning strategy in comparison to its former positioning. The major importance is to not overstretch the repositioning by changing too many characteristics of the brand, which would otherwise lead to a destroyed brand identity (cf. Kapferer 2008, p.
The shifting of the consumer’s taste of simple products to high quality branded products is not sudden. It grew out in the middle of the 20th century and the companies selling various products needed a new way to differentiate their products from the others giving it a unique identity.
A brand identifies a seller’s product from a competitor’s product. There are three main purposes for branding product identification, which is the most important purpose, repeat sales, and new-product sales. Branding has a lot of terms that marketers use there is brand equity, global brand, and brand loyalty. Marketers also have different brand strategies that they use for different products or customers. It all depends on the consumer for them to decide which strategy they will use. The different strategies are generic products, manufacturer’s brands, private brands, individual brands, family brands, and co-branding. The branding purposes and the branding strategy make up the importance of branding.