Thursday, February 11, 2016

Brand Image Vs. Brand identity


Brand identity vs. Brand image


Brand identity is what the company believes in, their benefits, authenticity and quality. Brand image is how consumers perceive the products and service. Companies do are great job when brand identity and image are similar to each other.
Branding used to be a source of ownership and now branding is synonym of quality. 



What Good Brands Have in Common?

 What do State Farm, Nike, and Apple all have in common? First, you recognize each one of them right away. They own nearly 100 percent of mind share in the markets they serve— you would be hard-pressed to find anyone who does not immediately recognize their brand. And what else do they have in common? Consider this: nearly 40 percent of all companies, and thus company brands, last fewer than ten years. These companies are beating the odds by four, five, and ten times over. What else? They have the ability to price their products and services at levels that set benchmarks for the industry, and when you experience their names, logos, or unique value propositions, you recognize them immediately, know what they do and offer, and relate to them on a personal level— perhaps through an agent in your neighborhood, with a celebrated athlete and a favorite pair of running shoes, or by browsing products in their store, utilizing Apple’s Genius Bar, or savoring the joy of opening artfully designed packaging delivered to your home. Finally, you have a clear sense of their image— where they are in the pecking order of competition, how their products and services compare in value for price, and how you feel about their brand. This is what a brand and good branding is all about— an object choice, an enterprise and its offerings, about which you and the marketplace forge an emotional and intellectual relationship. (Break through branding page 5)


Companies who do a great job in branding could lose all its assets but would still remain in business due to its brand awareness with the public. Brand awareness is a great source for business success.

Brand building requires the organization to understand itself and unify efforts within. Once everyone has the same perception, the concept will become a framework, which will guide “near term business planning”, long term strategic planning and marketing planning.

Brand elements

 Readily observable elements:

·      Name: trade mark.
·      An aesthetic: everything about the look that can distinguish the brand that activates sense. Font, color, graphics, logo, sound, smells.
·      Unique selling or value proposition:  word or phrase in which express a reason to be or a promise. Used as slogans and in same cases the names itself convey the message.

Tangible elements:

·      Product and services
·      People
·      Quality and reputation
·      Environments where the brand is created promoted and delivered.

Experiential elements:

At organizational level, the company can decide how the market will use their brand. The consumer on the other hand has to develop a need or desire towards the brand and it has his own expectation of what its supposed to be offered.

Apple experience, six design lesions from Apple store:

1.     Create and experience, not an artifact
The customer is dragged in and focuses on the brand’s offerings, only after start to focus on his/hers needs.
2.     Honor context
Focus on customer experience regarding the display of products rather than internal logic.
3.     Prioritize your messages
Fewer messages more content available when the customer needs it.
4.     Institute consistency
Consistency through all communication channels.
5.     Design for change
Understand the need for change in this fast pace environment.  Listen to trends and feedback is the way to ahead of the market.
6.     Don’t forget the human element
The brand also represents the people involved. From those who represent the brands to those engaged with it.


Intentional elements:

Intentions are expressed in mission, values and vision.



3 brand dimensions

Identity: what you are? what you do? who is your target audience?
Personality: features, quality, benefits
Image: what you want to be.






Brand Identity models

In The Great Gatsby, F. Scott Fitzgerald writes, “Personality is an unbroken series of successful gestures.” Similarly, a brand is the result of an unbroken series of consistent gestures, encompassing both what it does and how it does it. Brand Identity is the tool marketers use to articulate the rules for brand gestures. It explains how the brand will support the organization’s overall mission and objectives, and forms a bridge to making decisions about more than just marketing. Successful companies use the brand as a filter for determining whom to hire, which businesses to participate in, what partnerships to pursue and more. As a result, creating a brand identity is one of the most important steps a company can take to ensure a consistent, enduring brand. (Carol Phillips and Judy Hopelain)

Kapferer's Brand identity model.

Examples:






D. Aaker's brand equity model:


This model can be used to get to grips with a brand’s equity and gain insight into the relation between the different brand equity components and (future) performance of the brand. Apart from the five components, the model also reflects indicators (and/or consequences) of the pursued branding policy. It goes without saying that brand equity will rise as brand loyalty increases, brand name awareness increases, perceived quality increases, brand associations become stronger (and more positive), and the number of brand-related proprietary as- sets increase. The model also provides insight into the criteria that indicate to what degree actual value is created with both consumer and company due the pursued branding policy. 




Sources:




Lindstron, Martin. Brand sense: build powerful brands through touch, taste, smell, sight, and sound
New York, NY USA.Simon & Schuster, Inc. 2005. Accessed: 10.02.2016


Walters, Suzanne, and Jackson, Kent L.. Break-Through Branding : Positioning Your Library to Survive and Thrive. New York, NY, USA: Neal-Schuman Publishers, Incorporated, 2014. ProQuest ebrary. Web. 11 February 2016.
Copyright © 2014. Neal-Schuman Publishers, Incorporated. All rights reserved.