The
brand is just a perception, and perception will match reality over time.
Sometimes it will be ahead, other times it will be behind. But a brand is
simply a collective impression some have about a product.
Brands
are a type of product manufactured by a particular
company under a particular name. Today brands might be a
valuable asset, which brings companies earnings to unexpected heights. Brands
with good reputations are well known in the markets and make consumers
satisfied with high quality products or services and sometimes better value for
money. Of course, brand‗s good reputation should be built and managers should
make strategic steps to keep consumers loyal by doing various marketing
activities. Strong brands usually become strong because they become famous and
desirable. To become a desirable or a famous brand must be different and give
some added value to the consumer. A good brand will make you feel good about
the choice you have made, to buy it and to use it. A good brand will help you
make that choice in the first place, and it can do that because it knows how to
make you feel good.
Brand managers are
assumed to be able to control consumer brand choice behavior by ensuring an
optimum mix between the four main elements of the marketing mix. The marketing
mix is hence a key instrument for understanding and facilitating transactions
between the company and the market. The logic is that a brand will succeed only
if the manufacturer of that brand is able to produce a product that delivers
high utility benefits, then sells it at the right price.
When we have various
brands of one product, it leads towards brand war. Brand wars basically means the responses
given by a company against its competitor. Two or more competitors become
rivals. Rival brands have been challenging each
other through a wide range of advertising mediums – from posters and billboard
ads to videos and emails.
Brand war is meant for sales promotion,
comparing products and/or services of a company with the same of rivals. It is believed that the Brand war
aims at highlighting the advantages of the product. It is also used to drive
sales by comparing and contrasting. Marketers in the field think that there may
be reasons behind Brand war like:
Ø To invite greater attention, through the larger number of views
Ø To come up more aggressively with bold and loud claims of being better
than other players in the field.
“Mass advertising can help build brands, but
authenticity is what makes them last. If people believe they share values with
a company, they will stay loyal to the brand.”
Howard Schultz
In Pakistan
we see many brands war example. The competitor brands become the rival brands
now. Often the most brutal
battles come in the form of comparative advertising -- the direct comparison of
one company's product to another. For
example, when war betewen Tapal Danydar and Lipton create the hype of CHAI WAR.
Tapal: “Chai ka label Yellow ho ya
Orange, strong chai to Tapal Danedar hi hai”
Lipton
was equally responsive, bringing in their big guns with the controversial star
Hamza Ali Abbasi as the face of their campaign.
Lipton: “Lipton ek baar, bhool jaogay Daanaydaar.
Maza na aaey to paisay wapas!”
When two competitors doing
such things through their advertising, many other brands also jump into this
and try to make their brand more visible. In the war of Tapal Danydar and
Lipton, Everyday Milk, Interwood, Hilal cupcake and and LU biscuits try to make
themselves prominent.
For example,
Everyday milk: “Chai lajawab
ho ya danedar, only Nestle Everyday makes it khaas!”
Interwood: “Chaahay Chai jo bhi
ho, rakhi tou hamari table pey jati hai”
Hilal cupcake: “Danedar
chai ka Lajawab saath”
LU biscuits: “Chai jo bhi
ho janaab, humara maza Lajawaab”
Once the line is drawn, it's up to the
opposition to either fire back or ignore its competitor. Some companies have
been duking it out for decades, like Coke and Pepsi. Others took decades to
respond. Apple ran its first anti-PC advertisement in 1984, and Microsoft didn't
fight back until recently. It let hardware makers like Dell and HP do the
fighting.
Brands value for the
companies more than their tangible assets. The brand provides distinct benefits, promise, and delivers high level assurance to customers. Brand
helps customer in decision making by building trust and
assurance of standards. A brand helps companies in building
strong customer base. A brand provides
customer and
employees who work for them
a feeling of pride, if someone
is working with Infosys and Microsoft, company brand name motivates employees that
they are working with some branded
institution. Technology never remains
same, its keep on changing, same like
brands which keep
on innovating to become successful. Consistently reinventing and remain on
its promise is the quality of the brand
which customer appreciates. Loyal set
of customer base
helps brand to enjoy a monopolistic
advantage over a period of time. The customer
enjoys the quality of the
products and services because brands
create healthy
competitions among
competitors which indirectly benefits
consumers.
Brands
are very important for consumers
as well as marketers,
but, nowadays, brand management is becoming more and more difficult
for both. Consumer need to pay high prices as a
premium for brands,
as well as for marketers, they need do lots of investment in advertising.
Consumers
trust brand blindly, that’s why sometimes
manufacture comprise with the quality to increase profits. Customers’
expectations are always high for brands and they expect the same positive
response from the company side. If
customers get
a negative response from the companies brand dilution occurs where
customers start losing their interest in the brand. In order to make a brand, as Global
brand, marketers need to remove the concentration of west and focus on the world
as a global
village. Making global is not easy, it
requires a large investment both
on advertising and promotions which indirectly
going to increase the product
price.Investment on Brand promotion is
considered social waste which increase cost of production
and making brand price higher.
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