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Technology Services logo design |
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Ice Mountain Flavored Water label designs Private pricing for regional grocery stores. |
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Samosa Turnover frozen food Part of a multi-product line of specialty |
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Jasper Foods cereal box Part of a large cereal line that was developed |
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Real Estate Brokers logo Office real estate |
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Christie Cookie Company ad Gourmet cookies and cownies |
Sky Ranch Wireless logo Rural internet access provider |
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HOME / CORPORATE IMAGE / PRODUCT IMAGE / MARKETING MATERIALS / WEBSITE / ADVERTISING / POINT-OF-PURCHASE What Is Brand Management and Branding A Company Or Product?Brand management is the application of marketing techniques to a specific product, product line, or brand. It seeks to increase a product's perceived value to the customer and thereby increase brand franchise and brand equity. Marketers see a brand as an implied promise that the level of quality people have come to expect from a brand will continue with future purchases of the same product. This may increase sales by making a comparison with competing products more favorable. It may also enable the manufacturer to charge more for the product. The value of the brand is determined by the amount of profit it generates for the manufacturer. This can result from a combination of increased sales and increased price, and/or reduced COGS (cost of goods sold), and/or reduced or more efficient marketing investment. All of these enhancements may improve the profitability of a brand, and thus, "Brand Managers" often carry line-management accountability for a brand's P&L (Profit and Loss) profitability, in contrast to marketing staff manager roles, which are allocated budgets from above, to manage and execute. In this regard, Brand Management is often viewed in organizations as a broader and more strategic role than Marketing alone. The annual list of the world’s most valuable brands, published by Interbrand and Business Week, indicates that the market value of companies often consists largely of brand equity. Research by McKinsey & Company, a global consulting firm, in 2000 suggested that strong, well-leveraged brands produce higher returns to shareholders than weaker, narrower brands. Taken together, this means that brands seriously impact shareholder value, which ultimately makes branding a CEO responsibility. Understand The Principles Of Good Brand Management For Long Brand Life
Functions Of Good Brands For Consumers
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