Branding is to give a product its identity where marketing helps the product reaches its end user or consumer through various marketing techniques likes promotion, advertising, types of graphics and other things. Branding is about giving a product a name so that other consumers will feel like they carry that name, and feel a sense of belonging. Marketing is pushing the product out, and making sure the consumer likes the product. So they have to conduct surveys and do all sorts of things that will get consumer information to make the product better.
2. How does the
decision-making process differ between that of luxury brands and mass-market
brands?
Decision-making
is the process and the relationship between top management and the creative
department that separates them into different categories. The difference
between luxury brands and mass-markets brands is the power and role the
designer has. For luxury brands, brand managers don’t exist for they carry and
make a name for themselves. A couple of these luxury brands are Louis Vuitton,
Chanel, Balenciaga, Tom Ford, etc. With mass-market brands on the other don’t
have total control for they do have brand managers. Basically they fall under
the category of trend followers, and not so much as trend leaders or
innovators.
3. Explain the
meaning of “brand identity” and highlight its role in the positioning strategy.
The idea of brand identity is somewhat human. Here is a quote
from the book that says so. “If I ask you to identify someone, the first thing that
comes to mind would be that person's name. A name makes it easier to identify “John”
within a crowd of people”. If you ask me that sound about right, we
brand ourselves like we brand product. Brand identity is a good thing, but it
can also be bad. Here is another quote from the book that talks about brands
being concrete and very stagnant. “Consumers often define
brand identity in terms of very concrete, palpable, and tangible attributes.” It does make
sense as to why people perceive this way, but branding plays a big part in the
world.
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