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BRANdS fOR EVeR
Quick Exercise – Do you know your brand ? Olympics Organization
WHAT IS A BRAND? Identity of a product, service or business SYMBOL NAME COMBINATION COLOR SLOGAN
Product & Brand Life Cycle Brand What if the BRAND is declining ? Product
Product evolutionary cycle (PEC) BRAND can evolve and is not pre-destined to die!
Managerial actions Lull management into complacency Compromises for cost- cutting reasons Do not live up with customers’ expectation Raise price without corresponding increase in benefit Cut prices to increase sales = use cheaper material Neglect to invest in cash cow phase Less attention to strong brand Reach out to new segment-alienate core customers
Environmental factors
Competitive actions
Repercussion of Competition Product Line Extension Price  Change  These Quick Fix is not effective over long-run!! How to deconstruct the brand ??
Differential Effects - Perceiving Consumer Superior Quality 1 Price Advantage 2 ‘‘Brands must offer something different; they can’t just be another flavour of vanilla’’
Consumers  Brand Knowledge
Consumers  Response Consumer responses can be measured by  1 2 Brand Switching Triggers ,[object Object]
New Competition product
Brand Negative NewsLong term plans are necessary to avoid brand switch activities.
Revitalizing brands brand decline- brand death- brand demise- brand revival-  brand equity  1 FACTS * Neither the lifespan of a brand, nor its ultimate destiny, is Predetermined! * Brand decline is a reversible process *More attractive strategy than launching a new brand! Brand Revival Keys  ,[object Object]
Premium in the past
Singular focus & well defined differentiation  Brand life vision

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Brand is forever