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Motivation for CustomerBased Brand Equity Model

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Marketers know strong brands are important but aren't always sure ... Visit web site, chat rooms. Customer-Based Brand Equity Model. Consumer- Brand. Resonance ... – PowerPoint PPT presentation

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Title: Motivation for CustomerBased Brand Equity Model


1
Motivation forCustomer-Based Brand Equity Model
  • Marketers know strong brands are important but
    arent always sure how to build one.
  • CBBE model was designed to be
  • comprehensive
  • cohesive
  • well-grounded
  • up-to-date
  • actionable

2
Rationale of Customer-Based Brand Equity Model
  • Basic premise Power of a brand resides in the
    minds of customers
  • Challenge is to ensure customers have the right
    types of experiences with products services and
    their marketing programs to create the right
    brand knowledge structures
  • Thoughts
  • Feelings
  • Images
  • Perceptions
  • Attitudes

3
Building Customer-Based Brand Equity
  • Building a strong brand involves a series of
    steps as part of a branding ladder
  • A strong brand is also characterized by a
    logically constructed set of brand building
    blocks.
  • Identifies areas of strength and weakness
  • Provides guidance to marketing activities

4
Consumer-Based Brand Equity Framework
Brand Knowledge
5
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6
Salience Dimensions
  • Depth of brand awareness
  • Ease of recognition recall
  • Strength clarity of category membership
  • Breadth of brand awareness
  • Purchase consideration
  • Consumption consideration

7
Performance Dimensions
  • Primary characteristics supplementary features
  • Product reliability, durability, and
    serviceability
  • Service effectiveness, efficiency, and empathy
  • Style and design
  • Price

8
Imagery Dimensions
  • User profiles
  • Demographic psychographic characteristics
  • Actual or aspirational
  • Group perceptions -- popularity
  • Purchase usage situations
  • Type of channel, specific stores, ease of
    purchase
  • Time (day, week, month, year, etc.), location,
    and context of usage
  • Personality values
  • Sincerity, excitement, competence,
    sophistication, ruggedness
  • History, heritage, experiences
  • Nostalgia
  • Memories

9
Judgment Dimensions
  • Brand quality
  • Value
  • Satisfaction
  • Brand credibility
  • Expertise
  • Trustworthiness
  • Likability
  • Brand consideration
  • Relevance
  • Brand superiority
  • Differentiation

10
Feelings Dimensions
  • Warmth
  • Fun
  • Excitement
  • Security
  • Social approval
  • Self-respect

11
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 web site, chat rooms

12
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13
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14
ApplicationIdentify the key drivers of brand
equity
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