BRAND Knowledge brand knowIedge can be expressed as a sum of brand awareness and brand image. BRAND AWARENESS Brand awareness refers to the strength of a brand's presence in the consumer's mind. Brand recognton brand recognition is the abiIity of consumer to recognize prior knowIedge of brand when they are asked questions about that brand.
BRAND Knowledge brand knowIedge can be expressed as a sum of brand awareness and brand image. BRAND AWARENESS Brand awareness refers to the strength of a brand's presence in the consumer's mind. Brand recognton brand recognition is the abiIity of consumer to recognize prior knowIedge of brand when they are asked questions about that brand.
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BRAND Knowledge brand knowIedge can be expressed as a sum of brand awareness and brand image. BRAND AWARENESS Brand awareness refers to the strength of a brand's presence in the consumer's mind. Brand recognton brand recognition is the abiIity of consumer to recognize prior knowIedge of brand when they are asked questions about that brand.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPT, PDF, TXT or read online from Scribd
expressed as a sum of brand awareness and brand image. Brand Knowledge is a function of awareness, which reIates to consumers' abiIity to recognize or recaII the brand, and image, which consists of consumers' perceptions and of associations for the brand." Keller 1998 Brand Association Brand Association the Iink to favorabIe images, ceIebrities, geographic regions etc. white diamonds - Iiz tayIor BMW Z3 - 007 roots hats - oIympics fubu - urban trend / hip hop right guard - Sir CharIes Ru PauI - MAC Cosmetics SeinfeId - AMEX BRAND AWARENESS %he Strongest Brands are managed not for generaI awareness , but for Strategic Awareness. BRAND AWARENESS Brand Awareness refers to the strength of a brand's presence in the consumer's mind. Awareness is measured according to the different ways in which consumers remember a brand ranging from recognition ( have you been exposed to this brand before ? ) to recaII ( what brands of this product cIass can you recaII ?). BRAND AWARENESS Brand awareness 8 the probabty that con8:2er8 are fa2ar abo:t the fe and avaabty of the prod:ct. t 8 the degree to whch con8:2er8 prec8ey a88ocate the brand wth the 8pecfc prod:ct. t 8 2ea8:red a8 rato of nche 2arket that ha8 for2er knowedge of brand. Brand awarene88 nc:de8 both -rand recognition a8 we a8 -rand recall. Brand recognton Brand recognition is the abiIity of consumer to recognize prior knowIedge of brand when they are asked questions about that brand or when they are shown that specific brand, i.e., the consumers can cIearIy differentiate the brand as having being earIier noticed or heard. Brand Reca Brand recaII is the potentiaI of customer to recover a brand from his memory when given the product cIass/category, needs satisfied by that category or buying scenario as a signaI. In other words, it refers that consumers shouId correctIy recover brand from the memory when given a cIue or he can recaII the specific brand when the product category is mentioned. BRAND AWARENESS Brand awareness is improved to the extent to which brand names are seIected that is simpIe and easy to pronounce or speII; known and expressive; and unique as weII as distinct. For instance - Coca CoIa is known as Coke. REATNG AWARENESS on8:2er8 are bo2barded everyday by 2ore and 2ore 2arketng 2e88age8 , the chaenge of e8tab8hng reca and recognton and dong 8o econo2cay 8 con8derabe . 1. reate heathy awarene88 eve8 , a broad 8ae8 ba8e 8 :8:ay an enor2o:8 a88et. Ex: Genera Eectrc , Hewett- Packard , Honda have an advantage when t co2e8 to b:dng pre8ence and awarene88. 2. The fr28 that beco2e 8ked at operatng o:t8de the nor2a 2eda channe8 by :8ng event pro2oton8 , 8pon8or8hp , p:bcty , 8a2png and other attenton gettng approache8 w be 2o8t 8:cce88f: n b:dng brand awarene88. Two type8 of brand awarene88 %here are two types of brand awareness Aided awareness- %his means that on mentioning the product category, the customers recognize your brand from the Iists of brands shown. %op of mind awareness (Immediate brand recaII)- %his means that on mentioning the product category, the first brand that customer recaIIs from his mind is your brand. BRAND AWARENESS %he reIative importance of brand recaII and recognition wiII reIy on the degree to which consumers make product-reIated decisions with the brand present or not. For instance - In a store, brand recognition is more cruciaI as the brand wiII be physicaIIy present. In a scenario where brands are not physicaIIy present, brand recaII is more significant (as in case of services and onIine brands). B:dng brand awarene88 8 e88enta for b:dng brand eq:ty It incIudes use of various renowned channeIs of promotion such as advertising, word of mouth pubIicity, sociaI media Iike bIogs, sponsorships, Iaunching events, etc. %o create brand awareness, it is important to create reIiabIe brand image, sIogans and tagIines. %he brand message to be communicated shouId aIso be consistent. Strong brand awareness Ieads to high saIes and high market share. Brand awareness can be regarded as a means through which consumers become acquainted and famiIiar with a brand and recognize that brand.