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Elina DuttaBrand Strategist
• MY BATTLE FOR YOUR MIND.• YOUR BATTLE FOR THE CUSTOMER’S MIND
Elina DuttaBrand Strategist
• Brands have been there since ancient times. • 1st unrecorded brand strategy : when a potter
put an imprint of his thumb in the wet clay or• A toolmaker carved a distinguishing mark into
the handle of a blade
Elina DuttaBrand Strategist
• Whatever the origin, the practice of identifying the goods (and later, services) with the craftsman who created them gave early consumers a means to distinguish the goods of one maker from those of another.
Elina DuttaBrand Strategist
• This added another dimension on which buying decisions could be made.
• In addition to considering the price, availability, and functional attributes of the pot or the tool, buyers could take into consideration their knowledge of the maker, his reputation for quality, for consistency, for honesty and his standing in the community.
Elina DuttaBrand Strategist
• The craftsman soon came to realize his “maker’s mark” added value to his wares.
• It gave him intangible competitive advantages that translated into a greater demand for his products, and that because of it, he could charge more for his “marked” product than for one of unknown origin.
Elina DuttaBrand Strategist
• Eventually, the rise of merchants, brokers, and other resellers added another dimension to the concept of the “brand,”
• The distribution channel created another level of marketplace sophistication and transformed the two-way relationship between maker and buyer into a three-way association of maker-seller-buyer..
Elina DuttaBrand Strategist
• The emerging marketplace of the 21st century is infinitely more complex than that of the ancient potter or the toolmaker,
• Primary function of the brand: that of differentiating one seller or one vendor or one organization from another - remains largely unchanged
Elina DuttaBrand Strategist
• The ultimate goal of branding is still to establish a powerful, relevant identity in the minds of customers in order to encourage their initial purchases
• And nurture an ongoing relationship between the marketer and the end user.
Elina DuttaBrand Strategist
• While brands and branding have been with us, in one form or another, since the dawn of commercial enterprise, it is only within the past 20 years that organizations have shown so much interest and perceived value in their brands
Elina DuttaBrand Strategist
• They are attempting to apply branding principles to distinguish themselves from competitors.
• Thus, brands and branding have taken on broad new meanings in the emerging interactive information age that we are entering.
• Never before has so much emphasis been placed on the contributions of the brand in establishing and maintaining a competitive advantage.
Elina DuttaBrand Strategist
• For the most part, the modern marketplace is characterized by intense price competition between products with few distinguishing features, attributes, or distribution advantages
Elina DuttaBrand Strategist
• Many marketers have seemingly moved beyond tangible advantages to embrace the intangible but powerful advantages that can stem from brands and branding.
Elina DuttaBrand Strategist
• Thus, the brand becomes the latest focal point of competition, and the one area where an organization can achieve meaningful and sustainable differentiation among target customers and prospects.
Elina DuttaBrand Strategist
• A strong brand is far more than a recognizable name, a memorable mark or logo, or a catchy tag line.
• In fact, a brand is also more than a distinguishable product with practical physical advantages for the purchaser.
Elina DuttaBrand Strategist
• While a brand is crafted in part from these basic building blocks, it is the customer who attaches meaning to these visible cues based on his or her own experience and perceptions.
Elina DuttaBrand Strategist
• Ultimately, it is the customer who determines the true value of the brand.
• This value is derived from knowledge of the brand’s functional and emotional attributes, from associations made about the product, its category, and its parent organization.
• From the interactions that customers have with the brand’s representatives, such as employees, franchisees, channel customers, and other brand owners and users.
Elina DuttaBrand Strategist
• Brand Building Understanding customers’ perceptions and
images of the brand Assessing core and extended brand identities Developing relevant brand value propositions
Elina DuttaBrand Strategist
• Brand Communication Creating a unique brand position and identity Communicating the brand’s identity and promise Aligning internal and external communication
activities
Elina DuttaBrand Strategist
• Measuring Brand Results Monitoring changes in customers’ brand
awareness, perceptions, associations,loyalty, and satisfaction
Determining appropriate levels of brand support Creating approaches for financial measurement
of brand equity
Elina DuttaBrand Strategist
• Brands have been with us since the dawn of commercial history and are believed to be the engine driving the marketing train throughout this century.
• Little formal attention has been paid to the question of how organizations build, maintain, and evaluate strong brands.
Elina DuttaBrand Strategist
• There appears to be a growing recognition that an organization’s brand or brands have a value that can far exceed that of the firm’s more tangible assets such as manufacturing plants, equipment, real estate, and investment holdings.
Elina DuttaBrand Strategist
• Central is the belief that a strong brand is far more than the components used to identify it to customers and prospects, such as logos, jingles, tag lines, icons, and other communication cues
Elina DuttaBrand Strategist
• In the past, the study of branding focused primarily on how organizations create and communicate these distinguishing identity elements effectively in the marketplace
Elina DuttaBrand Strategist
• Now, organizations have begun to consider the brand as the embodiment of the relationship among the organization, its employees, and its customers.
• As such, the brand is being used to drive the organization in all aspects of its interaction with customers - including product development, pricing, customer service, distribution, and operations.
Elina DuttaBrand Strategist
• As organizations have sought to become more customer-focused, the brand has become the means by which many weld meaningful, sustainable relationships with their constituents
Elina DuttaBrand Strategist
WHAT IS A BRAND ?
• "Simply put, a brand is a promise. By identifying and authenticating a product or service it delivers a pledge of satisfaction and quality."
Elina DuttaBrand Strategist
• Be absolutely clear that a brand is very different from a product or service.
• A brand is intangible and exists in the mind of the consumer
Elina DuttaBrand Strategist
The ‘Loyalty ladder' ?
• Different people have different perceptions of a product or service, which places them at different points on the loyalty ladder.
Elina DuttaBrand Strategist
How to build a brand
1. A brand is built not only through effective communications or appealing logos. A brand is built through the total experience that it offers
2. CREATE Extraordinary brand experiences
Elina DuttaBrand Strategist
What is Branding and Why is it Important?
• A strong brand is invaluable as the battle for customers intensifies day by day.
• It's important to spend time investing in researching, defining, and building your brand. After all your brand is the source of a promise to your consumer
Elina DuttaBrand Strategist
What is brand equity?Why is it important?
• Brand equity supposedly measures familiarity, quality, purchase consideration, brand expectations, distinctiveness, and trust.
• Brand’s power is derived from the goodwill and name recognition it has earned over time, and which translates into higher sales volume and higher profit margins against competing brands.
Elina DuttaBrand Strategist
Quality
• Quality is a vital ingredient of a good brand.• The “core benefits” – the things consumers expect,
must be delivered well, consistently. • The branded washing machine that leaks, or the training
shoe that often falls apart when wet will never develop brand equity.
• Research confirms that, statistically, higher quality brands achieve a higher market share and higher profitability than their inferior competitors.
Elina DuttaBrand Strategist
Positioning
• Positioning is about the position a brand occupies in a market in the minds of consumers. Strong brands have a clear, often unique position in the target market.
• Positioning can be achieved through several means, including brand name, image, service standards, product guarantees, packaging and the way in which it is delivered. In fact, successful positioning usually requires a combination of these things.
Elina DuttaBrand Strategist
Repositioning
• Repositioning occurs when a brand tries to change its market position to reflect a change in consumer’s tastes. Often required when a brand has become tired, its original market has matured or has gone into decline.
• The repositioning of the Lucozade brand from a sweet drink for children to a leading sports drink is one example. Another would be the changing styles of entertainers with above-average longevity such as Kylie Minogue and Madonna.
Elina DuttaBrand Strategist
Communications
• Communication plays a key role in building a successful brand. Brand positioning is essentially about customer perceptions – with the objective to build a clearly defined position in the minds of the target audience.
• All elements of the promotional mix need to be used to develop and sustain customer perceptions. Initially, the challenge is to build awareness, then to develop the brand personality and reinforce the perception.
Elina DuttaBrand Strategist
First-mover advantage
• Business strategists often talk about first-mover advantage. In terms of brand development, “first-mover” means it is possible for the first successful brand in a market to create a clear positioning in the minds of target customers before the competition enters the market.
Elina DuttaBrand Strategist
• Eg : leading consumer product brands like Gillette, Coca Cola and Sellotape.
• They defined markets they operated in,continued to lead. However, being first into a market does not necessarily guarantee long-term success.
• Competitors – drawn to the high growth and profit potential demonstrated by the “market-mover” enter markets & copy the best elements of leader brand (eg: Body Shop developed the “ethical” personal care market but were soon facing stiff competition from the major high street cosmetics retailers
Elina DuttaBrand Strategist
Long-term perspective
• Another important factor in brand-building: the need to invest in the brand over the long-term. Building customer awareness, communicating the brand’s message and creating customer loyalty takes time. This means that management must “invest” in a brand, perhaps at the expense of short-term profitability.
Elina DuttaBrand Strategist
Internal marketing
• Ensure your brand is marketed “internally” as well as externally. Everyone should understand the brand values and positioning. Particularly important in service businesses where a critical part of the brand value is the type and quality of service that a customer receives.
• Think of brands that you value in the restaurant, hotel and retail sectors. It is likely that your favorite brands invest heavily in staff training so that the face-to-face contact that you have with the brand helps secure your loyalty.
Elina DuttaBrand Strategist
WHAT IS POSITIONING ?
Definition: The consumer perception of a product or service as compared to it's competition.
: "… positioning is not what you do to a product. Positioning is what you do to the mind of the prospect. That is, you position the product in the mind of the prospect."Al Ries and Jack Trout
Elina DuttaBrand Strategist
• Always nice to join the dots & make these connections … simplify the world a little.
• Positioning is branding.
Elina DuttaBrand Strategist
EFFECTIVE BRAND BUILDING STRATEGY
• An effective brand strategy will create a unique identity
• ... Building a "value-added" brand in today's competitive global marketplace is vital to success.
Elina DuttaBrand Strategist
Developing Your Brand Strategy
• One of the most difficult steps in the marketing plan process. Often the element that causes most businesses the biggest challenge, but a vital step in creating the company identity.
• Your brand identity will be repeatedly communicated, in multiple ways with frequency and consistency throughout the life of your business.
Elina DuttaBrand Strategist
• To begin the development of your brands strategy you must have an understanding of these four marketing components:
• Primary Target Customer and/or Client• Competition• Product and Service Mix• Unique Selling Proposition
Elina DuttaBrand Strategist
• By identifying these components of the marketing plan, we will have created the basis for crafting the brand strategy.
• An effective branding process will create a unique identity that differentiates you from the competition. That is why it's often deemed as the heart of a competitive strategy.
Elina DuttaBrand Strategist
Recession Marketing:
• Throughout the 90s, a time of unprecedented economic woe in Japan, the consumption of high-end wines increased dramatically.
• Let me explain. If you are on a plane, and the plane is about to crash, you don't drink **ss
Elina DuttaBrand Strategist
The arrival of recession means it is time for brand managers to change
Elina DuttaBrand Strategist
Brand Equity :Your Best Defence in a Recession.
• Learn to talk about the power of strong brands in the face of declining customer spend.
• Explore the topic of brand loyalty, not in terms of growing share of wallet, but retaining it in the face of lower-priced value alternatives.
Elina DuttaBrand Strategist
Most importantly, remember that the brands that continue to build their equity in the recession will be best placed to enjoy the fruits of their labour when the economy inevitably returns to growth.
Elina DuttaBrand Strategist
• Not everyone automatically loses out in a recession. , luxury brands will survive remarkably well.
• The same is true at the other end of the high street where value players who focus on discount sales will also prosper.
• The real problem comes in the middle. If you are not in the top or bottom tier, the recession is likely to deal you a particularly difficult hand in 2009 -2010.
Elina DuttaBrand Strategist
• Times are tough right now and it’s a normal reaction for businesses to initiate cutbacks during these trying times.
• “Heck, I’ve cut back on drinking less milk and juice and drink more water from the tap, sold my gas guzzling truck to buy a more fuel efficient car and started a garden to grow my own vegetables. “
Elina DuttaBrand Strategist
• Note that cutbacks are made on certain things like what people drink, what they drive and how they get food, but what they haven’t done is give up on them entirely.
• They still drink juice and milk, they still drive a car that needs gas to go & they still eat vegetables.
• In short, they’ve simply adapted their livelihood to overcome the burden of higher prices.
Elina DuttaBrand Strategist
• This same concept rings true for branding or marketing your business during tough economic times. It’s not healthy for to give up on drinking milk or eating vegetables and it’s not healthy for your business to give up on advertising your brand to your consumers or target audience.
Elina DuttaBrand Strategist
The Brand’s Primary Characteristics
• At the heart of your brand must be a certain “Smartness
• The fact it is youthful, has its own seduction• Add to that the fact that its a experience booster,
the seduction is enhanced• The brand must cue - smartness and convenience.• At the soul of Google lies its sheer convenience
Elina DuttaBrand Strategist
The Common Factors
• Marketing is increasingly about creating buzz• When brands and habits become the buzz, brands spread
through consumers like a potent virus• A recent case of buzz marketing is Twitter• SMS, Internet and e-mail were other ones• Funcity stands a good chance by getting onto the buzz bus• The game is about boosting life, bettering lifestyle• Funcity must be made Fashionable
Elina DuttaBrand Strategist
The Opportunity
• Lifestyles are changing. Leisure time’s compressed. The Wow factor is missing
• Add to that the smartness/with it angle• The opportunity therefore is not just to reinvent the
wheel but to launch Funcity with all the buzz• Get Funcity to be the default hangout
Elina DuttaBrand Strategist
Relevant trends currently affecting the category
• The opportunity is to create a lifestyle brand. Do more than just tactical.
• From the users perspective , Funcity may well present an opportunity to redefine “pleasure entertainment”
Elina DuttaBrand Strategist
Consumer-category relationship
• Right now, there isn’t any.• But unlike other leisure products where criticality of
the relationship is not a factor, we must tie in loyalty, stickiness & convenience into the brand
• Funcity must be “the thing” to do• People like being part of the buzz. They adopt more
vociferously when they are the buzz or part of it
• Funcity must become the buzz
Elina DuttaBrand Strategist
Funcity Brand Wheel
Attributes
Benefits
Values
Personality
Brand
Essence
ATTRIBUTESInstant Fun, consistent fun, anytime fun
BENEFITSQuality of fun, Empowerment , Feel good factor, Confidence booster
VALUESEnrichment, Superior
PERSONALITYSophisticated, Leader
BRAND ESSENCE‘Blend of smartness,convenience & quality of life’. THIS IS COOL.
Elina DuttaBrand Strategist
In everyday life there are two In everyday life there are two situations – Interesting ones & situations – Interesting ones &
boring onesboring ones
Cool is Interesting
Elina DuttaBrand Strategist
Cool is different Cool is daring
Cool is determinedCool is an awesome epidemic
Cool is contagiousCool builds communities
Cool sells
Elina DuttaBrand Strategist
Cool isCool is an attitude which exhibits an attitude which exhibits great devotion & dedication. great devotion & dedication. It is distinctive and has a defined It is distinctive and has a defined
and committed community. and committed community.
Elina DuttaBrand Strategist
Cool is IndividualisticIts different things to
different people
Elina DuttaBrand Strategist
What's Cool?
Boys
“Techno gizmos" (13)"Hanging out, roller blading, alternative music". (14)
"You know what made me feel special? When I graduated I got an award and when they said my name, everybody
cheered" (16)
Elina DuttaBrand Strategist
What's Cool? Girls
"Beating my 15-year old [boy] cousin in Jetskiing" (12)"Boys. Going out, TV, Nintendo, family, friends. Dressing cool, like
me." (13)"Music, body piercing" (14)
"Dying your hair purple, bell bottoms...the 60's were cool."(14)"Being yourself. Staying on a straight line, not getting pregnant at
14, using drugs, smoking cigarettes, thinking it's cool. It's NOT cool.If people would stop looking for approval, they'd be happy
being themselves." (18)
Elina DuttaBrand Strategist
Cool is an attitude : at its core it possesses values that
cannot be eroded
Elina DuttaBrand Strategist
Chasing Cool takes guts. Be willing to take risks. Gauge potential upside.
Elina DuttaBrand Strategist
Cool brands sell lifestyles, not just a product or service.
Elina DuttaBrand Strategist
There are primarily 2 types of Cool – those who are cool because they are famous
or fashionable, and those who are cool because of how they act.
Elina DuttaBrand Strategist
Cool
Age Proof / Timeless
Belief
Value System
Performance
Dedication & devotion
Emotion
Innovative & Inventive
Resilience
Consistency/ Reliability
Attributes of Cool
Requires Investment& effort
Guts
Elina DuttaBrand Strategist
Common Products Cool / Cult Products
Maxwell House Starbucks
Acer Apple
Mp3 IPOD
Hyundai Ferrari
Suzuki Harley Davidson
Carter Kennedy
Bata Manolo Blahnik
Elina DuttaBrand Strategist
Market visit – Topline findings
• OASIS CENTRE • IBN BATUTA • MERCATO
Elina DuttaBrand Strategist
Topline findings….contd
• BRANDING IN ALL 3 CENTRES DIFFERENT • HAIR SALONS IN 2 , HEAVY TRAFFIC BUT NO AWARENESS • MERCATO EXIT LOOKS LIKE THE ENTRANCE • AMBIENT LIGHTING NOT UNIFORM, OASIS LOOKS LIKE A DISCO • IF MERCATO AND IBN BATUTA MEANT FOR YOUNGER KIDS , THEN
BRANDING NEEDS TO BE SEPARATE • MAYBE SUB BRANDS FOR KIDS , AND YOUNG ADULTS : RELAUNCH • LOGO IN ALL 3 CENTRES NEEDS TO BE PROMINENT : NEON STRIPS ? • ENTRANCE TO ALL 3 MUST BE CROWD PULLERS: GAMES AT THE
ENTRANCE , LIKE VEGAS ?
Elina DuttaBrand Strategist
Topline findings….contd
• PLAYZONE MOST POPULAR : RIPE FOR ACTIVATION • FUN & LEARN : NEED TO EDUCATE PUBLIC , ESP IN LIGHT OF KIDZANIA
COMING UP • HAIR SUT PLACE NEEDS DIFFERENT BRANDING , YOUNG , ZANY ,
HAPPENING . VFM PLATFORM .• HAIR SALONS CAN BE COME MINI SALONS WITH BRAIDING , SPRAY ON
COLOUR ETC : ALREADY EXISTING SO LINE EXTEND • BALL GAMES ARE POPULAR , VIDEO GAMES ARE NOT . PHASE OUT ?• MASSAGE CHAIRS FOR PARENTS MUST BE TALKED ABOUT . DADS CAN
BABYSIT WHILE MOM SHOPS ?• AT IBN BATUTA , TKT COUNTER LOOKS LIKE A CANDY COUNTER .
CONFUSING .
Elina DuttaBrand Strategist
Market visit – Topline findings
• COFFEE SHOP EITHER REMOVE OR REBRAND AND TALK ABOUT FRESHNESS AND QUICK SNACKS
• MAYBE TKT SALES COUNTER AT THE BACK ? WALK THROUGH PAST SEDUCTIVE GAMES THAT WILL BECKON , BEFORE GETTING TO BUY TKT. RETAIL PLAN THEORY .
• EXPAT WOMEN ALREADY FREQUENT IBN BATUTA : LINE EXTEND TO OTHER CENTRES . 2 HOUR DEALS FOR MOMS AND KIDS ?
• CHIPSTIX : ONLY SINGLE CENTRE . EXTEND ? OR ERASE .• SUMMER FUN FOR KIDS : HUGE POTENTIAL ESP WITH KIDZANIA
NIPPING AT HEELS . BUT MUST BECOME BUZZ.
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