92eb3module IV - Brand Architecture
92eb3module IV - Brand Architecture
92eb3module IV - Brand Architecture
Brand Architecture
Course Instructor: Dr. Swati Singh Course: MBA (IB)- III
Brand Architecture
The branding strategies or brand architecture, for a firm tells marketers which brand name, logos, symbols, & so forth to apply to which new & existing products. It helps in defining which products should share the same brand name. It also helps in defining how many variations of a particular brand name should be employed.
Brand-Product Matrix
It is a graphical representation of all the brands & products sold by the firm. The matrix has the brands of a firm as rows & the corresponding products as columns.
Products
1 A 2 N
Brands
B . . . M
Brand-Product Relationships
It is represented through rows of the matrix. It shows brand extension strategy in terms of the no. & nature of products sold under the firms different brands. Each row is a brand line representing all products sold under a particular brand.
BRAND HIERARCHY
It is a useful means of portraying a firms branding strategy by displaying the no. & nature of common & distinctive brand elements across the firms products, revealing the explicit ordering of brand elements. It is based on concept that a product could be branded in different ways depending on how many new and existing brand elements a company can use.
Individual Brand It is restricted to one product category, although it may be used for several different product types within the category. E.g. General motors Chevrolet for cars & Hummers for SUVs & trucks Modifier It is the means to designate a specific item or model type or a particular version or configuration of the product. e.g. Maggi Ketchup, Maggi Imli, Maggi Hot & sweet
BRANDING STRATEGIES
A firms branding strategy could be characterized according to its breadth (in terms of brand-product relationships and brand extension strategy) and its depth (in terms of product-brand relationships and brand portfolio or mix) A firm can choose a no. of branding options from different hierarchy levels. It is dependent on corporate objectives, consumer behavior, or competitive activity.
Adopt a strong customer focus Avoid over branding Establish rules & conventions & be disciplined Create broad, robust brand platforms. Selectively employ sub-brands as a means of complementing & strengthening brands. Selectively extend brands to establish new brand equity & enhance existing brand equity.