This report aimed to make comparison between a successful and a less successful brand portfolio. I have chosen Apple as a successful brand and Nokia as a less successful brand. Apple is a renowned brand name all over the world, and the products of Apple are so popular among the electronics lovers. Consumers recognize the Apple brand as a symbol of trust as well as reliability. Apple is a U.S based company, and now by revenue it is the largest information technology company in the world which is approximately 233 billion. In 1976, the company was established by Steve Jobs, Steve Wozniak, and Ronald Wayne. On the other hand, the brand name of Nokia has lost its credibility recently. Nokia is a Finnish multinational information technology company. About ten years ago, the products of Nokia were so popular in Europe, Africa, and Asia. However, in recent times Nokia has lost its market share significantly. People have less faith …show more content…
Brand image is consumers’ perception about a brand which is reflected by the brand association held in customer memory. Brand association contains the meaning of the brand for the consumers. Unique brand image is essential to be a successful brand. Some important brand associations of Apple are user friendly, lifestyle, educational, cool, creative, nice graphics, innovative, emotional benefits, desktop publishing. These brand associations come to mind of consumers when they think of Apple branding. Through breakthrough products as well as skillful marketing, Apple has been able to achieve strong, favorable, and unique brand image. Some commonly mentioned associations for Nokia are look, professionals, Bluetooth, Infra red, PC integration, technology demanding people. The brand associations of Nokia are good but they are not effective enough to create emotion in the mindset of consumers. Consequently, Nokia failed to create rich brand image in comparison to
The brand image is the brand's total personality impression in the consumer’s mind (real and imaginary qualities and shortcomings). It is developed through advertising campaigns over time with a consistent theme. Talbot and his team conducted social media research and there objective was to: -
A brand is a portfolio of qualities associated with a name, which in turn invokes certain images to individuals and hold values beyond the benefits of a product (Iacobucci, 2018). Brand association occurs when customers make a cognitive or emotional association with a particular brand. For instance, when a customer sees a certain color, symbol, logo, or name they automatically can make a connection to a particular brand. Brands start with a name that conveys information, suggest their benefits, or can even be named after their founders (Iacobucci, 2018). In the marketing perspective marketers can control the brand which they are marketing by using catching logos, colors, slogans, or even the products shape and appearance. In marketing a marketer can control the message they are trying to convey but cannot really have control over an individual’s association with that particular brand. Once a customer has an association with a particular brand they may favor the brand based on a past experience or even that individual’s sense of style or they may dislike a brand because of an association they
With emergence of globalisation, competition in market is not limited to the product itself, but as been more linked with brand which create a special persona for its users in form of brand image. The core motive of this research is to find and analyse
In the brand report card, Kevin Keller presented ten attributes that the world’s strongest brands share. This list of characteristics provides a powerful toolset to measure how well a brand, as well as its competitors are managed. This assignment applies Keller’s brand report card to Apple Inc., brand and evaluates its brand strengths and vulnerabilities against its competitors (Google ®, Samsung ®, and Microsoft®) in efforts to discover areas of weakness and possible opportunities for improvement.
Brand image ,as an indispensable complementarity, impact consumers ' decisions through brand associations. Brand associations make consumers have different, positive and exclusive links to products. To build a strong brand equity, companys should convey exclusive and positive brand association to consumers. For example, considering Sony, consumers alway link with colourful, creative, digital and so forth. Diverse associations have been linked with this brand. These brand associations ultimately work on consumers ' decisions.
When we think of innovative computers and technology that’s continuously evolving, the brand that comes to mind first is Apple. Apple started with three men in the 1970’s, Steve Wozniak, Steve Jobs, and Mike Markkula. They helped create, design, and market a series of computers. The first line of personal computers launched in the 1980’s. In 1985, Steve Jobs “left” Apple only to return in 1990’s. Around that same time, Apple began building several technological and strategically changes in regards to their business acumen. These changes helped to significantly contributed to the successes of the company.
In the contemporary business scenario and the stiff market competition, ‘brands’ are inevitably gaining importance in business perspective as the most valuable assets that can be possessed by a firm. The markets in the past were closed but now with the forces of globalization and liberalization taking over the ride, the competition prevailing in the market has boosted up significantly and hence there is a herd of marketers that are constantly yearning for portraying their product as a unique product proposition delivering most satisfaction and hence to accomplish this objective they come up with a brand. The present study explores the various facets of business activity involved with ‘branding’.
Branding is most commonly known as a form of marketing practice that links a company’s product and services to cultural meanings. According to Rashid (2012), brands have become one of the most discussed phenomena of marketing research in recent years. Brands are not simply a symbol on a product or a mere graphic but a company’s signature on constantly renewed creative process that yields various products. While products can live and disappear, the brand remains alive. The consistency of this creative process is what gives a brand its meaning and characters. Logos have also become an increasingly important element of a brand in today’s mass-market economy as a means of differentiation. Logos are the first step for any marketing as it is the face of the brand. According to Stahle (2002), logos help companies distinguish themselves from their competitors when there are so many product choices for consumers as they
This essay intends to define brand strategy and if a brand strategy is possible for all brands. It will also look into the ability and level to differentiate between different kinds of products and look into how a brand strategy can bring success. Furthermore the essay intends to shed light on whether or not these themes are transferable to all products and services.
I do not agree with the theorem that the successful brands are build on the successful products. It has been deliberate that the successful brands are built on the beliefs and not on the products. The most of the individuals don’t contemplate about underpinning the brand they develop but they necessitate offering a good product and earn a good income through selling it in the marketplace.
“A successful brand is an identifiable product, service, person or place, augmented in such a way that the buyer or user perceives relevant, unique added values which match their needs more closely. Furthermore, its success results from being able to sustain those added values in the face of competition.” (DeChernatony, L. McDonald, M. 1998)
In this report for the first assessment of the module Brands and Branding I will critically discuss the growing importance and meaning of brands in contemporary consumer culture. Brands are omnipresent in todays life. Everywhere you look around you can see different brands. Our life with brands already starts early in the morning when we get up out from our bed, which was made by a company with his own brand. We go to the bathroom to brush our teeth with a toothpaste e. g. from „Colgate“. Thats the way we go though the day. We write messages via „Whatsapp“ from a smartphone often from a big company like Apple or Samsung. Apple for an example is a brand which produces a smartphones, tablets, laptops or watches. But the names of these products are also brands. When I am thinking about the first smartphone my first thought rises the „iPhone“ and „Steve Jobs“. A Person and an advanced mobile phone, but also they both are brands for themselves. So you can see we are so „manipulatet“ by big brands that I had no chance to think about any other brand which also produce well designed smartphones with a high usability. They are not only lifestyle gadges which grew importance of brands. We can take a look at the brand Rolex for example. Rolex has his origin in Germany before the watchmaker has founded Rolex as a company in Switzerland in 1908. This company has a very long tradition an his watches carring their original value over decades. It is not a fashion brand and
The topic of interest is how branding drives a consumer to purchase the products that they purchase as well as understanding what branding is. The reason this topic is so interesting is because it aids in the understanding of how various companies who sell similar products have a variance in the responses received from consumers. This topic fills a research gap within a larger body of research because understanding what branding is empowers one to gain a better understanding of how and why consumers react the way they do when companies introduce new products into the market, as well as why consumers reactions vary for different companies who sell similar products.
Initially it was Levy (1959) who conceptualised the concept of brand image. He suggests that products have social and psychological attributes and, as such, consumers develop emotional connections with the brands. For Plummer (1985), the image process formation initiates through the gathering of intrinsic and extrinsic attributes, benefits and consequences that are associated with the brand. According to Faircloth et al (2001), the brand image is a holistic perspective built by all the associations made with the brand.
This results in the consumers differentiating the brand from its competitors as a result of likelihood of consumers purchasing the brand. Hsieh & Huang, 2013 also suggested “the connection between brand and brand image is complementary. A positive image not only shows the characteristic of a brand, catching people’s attention, but also promotes the positive merits and values of a brand, as well as the loyalty of consumers.” Hence, the author believes that as brand image is described as a perceptual phenomenon also acts as an important factor that contributes to the perception differences among