Learn About Brand Management
Brand management is the umbrella term that describes all the facets of design, placement, marketing, advertising, and distribution that foster .
Modern brand management was first developed at Procter & Gamble (P&G) in the Post-World War II years. Many of the same techniques used by P&G are still in place today. The idea that a dedicated team of marketers focuses on one particular brand, and that one brand manager drives all the key activities that support that brand, is the central idea of brand management, as it was first conceived.
Brand Management Is a Complete Management Approach
Brands have a powerful influence, not only on but also on the management of an enterprise. The pivotal point of brand management is trust. Without trust, the brand promise is broken. Consumers generally believe that they can trust a brand to meet most of the elements of the brand promise. For example, Allstate Insurance promises that you're in good hands. If an Allstate agent did not show up after a car accident, that brand promise would be broken. Once a brand is established, and consumers generally express , the brand manufacturer can often accelerate the trust stage with new-to-the-brand consumers.
Certainly, functions in this way.
Brand indentify—in the form of , colors, shapes, and lettering—are all intended to get the consumer's attention and to convey the brand's personality. Naturally, , such as a beauty product touted by actress Jennifer Aniston, can influence customer affinity for a brand.
Types of Brands
Some of the most familiar kinds of brands include:
- Product: A tangible product is the most common thing associated with a brand. If more than one product is included in a brand, then a unifying attribute should be present. For example, classic Coke is a brand, but the also constitute a brand.
- Service: Services, rather than products, can be a brand in which activities are conducted, such as the delivery of for a labor of some type. For example, a local IT consultancy that makes house calls and promises to get your desktop up and running in two hours is a brand. A service brand can be by who provides the service, how the service is conducted, where the service is provided, and how individualized customers perceive the service provided to them. Each of these variables can add to service in the mind of consumers.
- Individual Person: People can have their own brand based on personality, charisma, position, fame, and influence. This is where the term brand ambassador comes from. For example, the Emily Post Institute has brand ambassadors that visit businesses to share their perspective on business etiquette. As media has burgeoned, the idea that a person can be a brand has emerged. In the common vernacular, the brand is substituted for the image, but they are not synonymous. A , in the true sense of the word. A politician is a good example of an individual person brand in which the brand must project attractively to the politician's constituents and negative spin must be curtailed.
- Organization: Enterprises that deliver services or provide products are brands. The qualities that people associate with a company constitute the building blocks of a brand. Brand perceptions are dependent upon . Consumer experience is vulnerable to the intentions that are revealed, whether purposefully or not, by the employees at all levels of the organization. One example is and its CEO Richard Branson. The airline positioned itself as being low-cost but offering stellar customer service, and it has delivered on both fronts. And, CEO Branson is so sufficiently well-known he is recognized as having is own distinctive individual person brand.
- Event: Event brands are associated with a customer experience that is derived largely from attending the event, or from a strong connection to the purpose of the event held. Whether large or small, event brands are inevitably tied to the fun, professional affiliation, or social cause that is the basis for the event. The Olympic Games is one of the most prominent event brands and is the epitome of brand loyalty with each nation cheering on its homeland athletes.