What’s In A Brand?
In marketing, according
to an article on www.wikipedia.org, the free online encyclopedia, a brand
is the symbolic embodiment of all the information connected with a product
or service.
A brand typically includes a name, logo and other
visual elements such as images, fonts, color schemes or symbols. It also
encompasses a set of expectations associated with a product or service
which typically arise in the minds of people. Such people, the article
continues, include employees of the brand owner, people involved with
distribution, sale or supply of the product or service, and ultimately
consumers.
In other contexts, the term “brand” may be
used where the legal term “trademark” is more appropriate.
Some marketers distinguish the psychological aspect of
a brand from the experiential aspect. This aspect, the article says,
consists of the sum of all points of contact with the brand and is known as
the brand experience. The psychological aspect, sometimes referred to as
the brand image, is a symbolic construct created within the minds of people
and consists of all the information and expectations associated with a
product or service.
This sounds serious. But then again, it is.
To me, a brand should evoke a feeling, one of
security, confidence and taste. So in a sense, a brand carries a promise
that a certain product has a specific quality that makes it special.
For example, when I think Kraft, I think mac and
cheese, or grilled cheese and tomato soup on a rainy day. When I was a kid,
these items were happiness mainstays. And they still are today, because I believe in the brand.
Therefore, according to Wikipedia, a brand image may
be developed by attributing a “personality” to or associating
an “image” with a product or service, whereby the personality
or image is “branded” into the consciousness of consumers.
A brand is, therefore, one of the most valuable
elements in an advertising theme, as it demonstrates what the brand owner
is able to offer in the marketplace. Branding truly is an art.
Business Week magazine
publishes an annual “brand scorecard” of the top 100 most
valuable brands worldwide. Some results from the 2005 survey contained 53
American, 37 European, seven Japanese and three South Korean brands.
Examples of well-known brand names in the United
States included American Express, Apple, Citi, Coca-Cola, Disney, Ford
Motor Co., GE, Gillette, Google, Heinz, IBM, Intel, KFC, Levi’s,
Marlboro, McDonald’s, Microsoft, Nike, Pepsi, Starbucks and Harley
Davidson.
Kraft ranked 69th. Not bad, but dairy could use more
exposure! How about the rest of you in this month’s feature on the
category brand leaders?
One day, more of you will make the list. Guaranteed.
For more brand stats, browse http:
//en.wikipedia.org/wiki/brand.
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