Tuesday 28 October 2014

What Is A Brand?

Global Brand Identity: Image and Value 
  •  Branding 
  • Branding Strategy and Management 
What is a brand?
  • Identity of a product or service
  • It can be a name, slogan , logo, colour combination
  • A brand is a person
  • Emotional Connection
  • A brand is a trademark - Nobody else can use it
  • A brand is its own story, what makes it different and special - USP 
Brand Experience and Brand Image 
Brands can cause an emotional change -
  • Feelings
  • Thoughts/images 
  • Beliefs 
  • Attitudes/Behaviours  - Celebrity endorsement 
  • Psychological aspect is refereed to as brand image and exists in the mins of people made up of information and expectations of the brands 
Brand Management 
  • Maintaining not damaged, not tarnished, not stale , keeping market share
  • The brand must survive, everything else is dispensable 
  • Ad agencies try to create the idea that  the product /brand is more than the actual cost if a product and its selling point 
  • The brand has certain qualities, characteristics which make it special or unique - USP
  • Creating a brand and maintaining its position within the market and the target audience is called brand management 
  • A brand known to the market place is said to have brand recoginition  
 Words that are associated with brands
  •  Versace - Opulent, Gaudy 
  • Armani - Fluid shapes, chic, luxury materials, good tailoring  
  • Cavalli - Animal prints, sexual 
 When brands lose sight of their essence they lose their way 
 A brand and its audience 
 A brand is nothing without an audience, a brand is only as good as peoples response to it
 No brand can exist without their target audience believing in them
 Questionnaires, focus groups
 Opinion formers - Amanda Harlech, Katie grand
Early adopters - Live in metropolitan cities, downtown area artistic communities - Created Shoreditch hipster - Kids, media people, early fashion crowds
Footballer wife - the trend starts to die
 Daniella Westbrook - Wore all Burberry - almost killed it
Core group stopped buying
WAGS no loyalty
Burberry reinvented themselves
  • New lines
  • Testino to shoot
  • Worked with charities
Not always selling with brands, sometimes is all about letting people know - who should wear it or not
 Neo tokenism Flip the funnel 
Brand Identity 
  • Outward appearance
  • Name, logo, visualisation, products
  • Find the thing that will hook the client - longevity
 The brand identity is created by the owner and therefore reflects how the owner want the brand to be understood
This is in contest to the brand image which is the customers perception
 Brand Strategy and Management
 Core market - known for  - Dior Haute Couture, ultra feminine
Core in relation to fashion
Peripheral market and brand extension - Sunglass, shoes, cosmetics, fragrance - Understand why the designer is selling them
Unrelated markets and brand stretching - Armani Hotel, Armani Cafe
 The Golden Age Of Couture - 10 years of Dior when Christian Dior ran it
Corola - Petal on a flower 

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