Title: IMC: Corporate Image and Brand Management
1IMCCorporate Image andBrand Management
- Chapter 2 with Duane Weaver
2OUTLINE
- Corporate Image Roles
- Consumer role
- B2B role
- Corporate role
- Promoting Desired Image
3Components of aCorporate Image
Tangibles Intangibles
Goods and services Corporate, personnel, and environmental policies
Retail outlets (sale) Ideals and beliefs of corporate personnel
Factories (produce) Culture of country and location of company
Communication media ads, promos, literature, docs Media reports
Name/Logo
Packaging Labeling
Employees
4Corp. Image Role - consumers view
- Assurance of familiar products(e.g. Coke)
- Assurance of familiar company(e.g. IBM)
- Reduction of purchase research time
- Psychological reinforcement social acceptance
5Corp. Image Role-B2B view
- Reduce feelings of risk
- Reduce search time
- Psychological reinforcement social acceptance
6Corp. Image Role corporations view (self-view)
- Extends ve consumer feelings to new products
- Enables higher pricing
- Enables increased repeat buying
- Endorses ve W.O.M.
- Attracts quality employees
- Increased financial viability as ranked by
analysts and corp. raters
7Promoting Desired Image
- Image must accurately portray firm and coincide
with products and services sold. - Easier to re-enforce or rejuvenate than it is to
change well-established (e.g. New Coke vs. Coke
Classic) - Difficult to next to impossible to develop new
image (sometimes divorce and/or new company is
easier) - Recovering from ve or bad press happens fast
(overnight) building/rebuilding can take years!
8Branding discovering why consumers buy a brand
- Most compelling Benefits?
- Emotions elicited by the brand?
- One-word encapsulation?
- Importance to customers?
- Get in your teams and write down two company
brand names you feel are the best in their
industry. Explain how the above four criteria are
demonstrated by the brand name that make it the
best.
9Packaging
10Packaging
- Same? What do they say differently to us?
11Brand Equity
- Brand equity has been also defined as
- The component of overall preference not explained
by objectively measured attributes and - The set of consumer associations behaviours
that permits the brand to earn greater volume or
margins than it could without the brand name.
http//www.ag.state.co.us/mkt/BrandEquityandImageA
ssess.pdfsearch'logo20images20brandequity
(retrieved Jan/05/2006), Brand Werks Group,
12Brand Equity
- Brand image is everything. It is the sum of all
tangible intangible traits the ideas,
beliefs, values, prejudices, interests, features
ancestry that make it unique. A brand image
visually collectively represents all internal
external characteristics the name, symbol,
packaging, literature, signs, vehicles culture.
It's anything everything that influences how a
brand or a company is perceived by target
constituencies or even a single customer. - Brand image may be the best, single marketable
investment a company can make. Creating or
revitalizing a positive brand image is a basic
component of every business and lays a
foundation on which companies can build their
future.
http//www.ag.state.co.us/mkt/BrandEquityandImageA
ssess.pdfsearch'logo20images20brandequity
(retrieved Jan/05/2006), Brand Werks Group
13Brand Extensions and Flanker Brands
- Brand Extension
- Use established brand name for unrelated goods
and services(reaching new markets with new
product lines) - Black Decker power tools, flashlights,
household appliances (toaster, iron, kettle) - Flanker Brand
- Develop a new brand within a related product
category(increase market mix to reach new target
segments) - Tide Cheer, Ivory Snowetc.
14Co-Branding
- Ingredient branding
- Intel inside compaq
- Cooperative branding
- Joint venture e.g. Citbank, Mastercard and
American Airlines points card - Complementary branding
- Encourage co-consumption of more than one brand
such as Oreo shakes in Dairy Queen
15Private Brands
- Exclusive lines
- Used to be higher priced now lower priced
- Use to have higher quality perception now not
always - Retail loyalty up but brand loyalty down
- E.G. Sears (Kenmore)
16Positioning
- The process of creating a perception in the
consumers mind regarding the nature of a company
and its products relative to the competition - (Clow Blaack, p. 48)
- 7 ways to achieve effective positioning
17THANKS!