Brand equity must be carefully constructed. A firm foundation for brand equity requires that consumers have the proper depth and breadth of awareness and strong, favorable, and unique associations with the brand in their memory.
Too often, managers want to take shortcuts and bypass more basic branding considerations– such as achieving the necessary level of brand awareness–in favor of concentrating on flashier aspects of brand building related to image. (more…)
Managers of strong brands appreciate the totality of their brand’s image–that is, all the different perceptions, beliefs, attitudes, and behaviors customers associate with their brand, whether created intentionally by the company or not. As a result, managers are able to make decisions regarding the brand with confidence.
If it’s clear what customers like and don’t like about a brand, and what core associations are linked to the brand, then it should also be clear whether any given action will dovetail nicely with the brand or create friction. (more…)