Strategy is a natural phenomenon associated with brand management, so strategic brand management is a pure statement of fact. Before marching down the lane of brand management strategies, one must first establish a clear purpose for a brand. Which customers are the most important to helping gain the highest share of the market with the brand. By going through this scrutiny, you can determine where the best profit potential originates from, and often the uniqueness of your service or product can touch a chord in your brand, which is missed by the competition in your industry. JHG Media can collect data and manipulate it to help you establish accurate customer profiles for determining appropriate target audience groups for your brand. When you add in pricing, your customer’s understanding of your brand, your company’s support of the product and how available that product is in the market, you’re able to position your brand in such a way as to draw in customer traffic and give your business a profitable solution. Technological trends for 2014 through 2016 point toward a higher effort to bring about an increase in corporate brand management methods. As more and more customers become technologically connected, the electronic world ties together with a closer affinity to the physical world to such an extent that customers want service, whether they’re talking to you in your store or communicating with your website. If a business isn’t producing an electronic store front, it probably equals the death of that company. Since more and more information is going online, there is a greater need for complex security measures. Electronic processes lend toward a more automated self-service feature from business websites.
Sensors and devices connected to the Internet means wearable computing, or the once fantasy notion of Dick Tracy using his “walkie-talkie” watch, will become common place. With greater Internet connectivity, trust in a company receives severe injury if it’s not “out there” with a strong online brand.
Software and electronic technology advances equal even faster Internet connectivity or super-fast performance on a variety of business workloads. As we consider the technological side of human life in the future, we also must realize that we’re still dealing with the yin and yang of human nature.

This entry was posted in2 Online Brand Management and tagged jhg media, strategic brand management on January 7, 2014 by Joel Canter. Strategic Brand Management explores why brands are important, what they represent to consumers, and what should be done by firms to manage them properly. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Performed in-depth analysis on the Johnnie Walker brand to understand its current customer base and marketing strategy. Strategic implications of brandingEach brand needs a flagship product A given brand will not be jeopardised by competitors offering similar products, unless there are large quantities of the latter.
In order to understand this term, you first must answer the question, “What is brand management?” Brand management is communicating to the public in a way that launches, publicizes and maintains the reliability of a specific product or service. Effective brands involve a strategy defined by its purpose, which detail management steps for putting the brand into place. Other proper statistics include how often and how much certain buyers make purchases from your business. By building your customer base, your company’s brand can enjoy a long-term phenomenon that helps to recruit business and income for your company. By establishing value in your brand, you set your company’s product or service apart from the competition. Furthermore, if the business cannot keep up with the demand from electronic-mobile customers, it may no longer exist. With this automation comes an ever more electronic brand presence for all businesses online.
Expanded data means strategies are easier to assimilate with regard to future brand management exercises. As speed increases, so does the demand by the public for even faster answers to their questions from your business. There is a duality in everyone that we must somehow consider when aligning a brand to a specific consumer target group.

It means that while you’re using strategic brand management to bring on a consistent online message, it’s equally imperative that every distinction of your brand is teased out to the public in a continuous reiteration of your message. The main focus of the book is on brand equity which provides marketers with a valuable perspective and a common denominator to interpret the potential effects and tradeoffs of various strategies and tactics for their brands. We evaluated the strengths and weaknesses of the brands positioning and posed several solutions to strengthen the brand image, increase brand awareness, and enhance brand perception to create higher sustainability. Initial brand management includes investigations into setting the brand into the market, determining a target audience for the brand and strategies for maintaining the brand’s reputation. An effective strategy includes considering whether your focus involves maintaining loyalty with existing customers, targeting a better group to enhance loyalty, or gathering a brand new customer base through your brand.
So, by listing the benefits of your product, and including those benefits into your brand, you establish a core reason why customers want to put down their money to continue buying the product that your business sells to them. When you grab for a Coca-Cola, it always tastes the same and it’s always in a red can or a bottle with a red label. In other words, brand equity can be thought of as the marketing effects uniquely attributable to the brand.
It’s more of a deliberation on how different the service or product is from others in the industry. On the other hand, we want a brand that saves us money, solves our problems and gives other people something to talk about.
True loyalty to a product or service happens when something sets it apart from the rest and makes its uniqueness a message that is trumpeted.

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