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Branding began to beas a top management priority around the 2000’s due to the growing realization that a brand is one of the important assets that a firm can have. A brand is more than just a name on a stationery, clothes, plant, or equipment. [1] It carries meaning to all stakeholders and represents a set of values, and even a personality of ...
Developing a good relationship with target markets is essential for brand management. Tangible elements of brand management include the product itself; its look, price, and packaging, etc. The intangible elements are the experiences that the target markets share with the brand, and also the relationships they have with the brand.
The change in brand value itself, although it makes it possible to judge the effectiveness of brand management, is only indirectly, since the company does not sell the brand directly, because it is an intangible asset associated directly with company and its products. If a company sells its brand as an intangible asset to another organization ...
Category management; Celebrity branding; Challenger brand; Channel conflict; Co-branding; COBRA (consumer theory) Comité Colbert; Community of style; The Co-operative brand; Corporate branding; Corporate identity; Country of origin; Customer experience; Customer switching; Customer value maximization
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Brand valuation is the process of estimating the total financial value of a brand. A conflict of interest exists if those who value a brand were also involved in its creation. [ 1 ] The ISO 10668 standard specifies six key requirements for the process of valuing brands, which are transparency, validity , reliability , sufficiency, objectivity ...
Although brand identity is a fundamental asset to a brand's equity, the worth of a brand's identity would become obsolete without ongoing brand communication. [91] Integrated marketing communications (IMC) relates to how a brand transmits a clear consistent message to its stakeholders. [82] Five key components comprise IMC: [69] Advertising
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual property, goodwill or financial assets).