Saturday, 13 August 2022

Brand Management : Meaning , Importance , Strategies and Process

What is Brand Management?
Brand management is the process of managing a brand's identity, reputation, and image. It involves the development and maintenance of a brand's image and reputation through all forms of media.
The 4 branding strategies: 

1. Image Building: Creating awareness about your brand in a targeted way that is relevant to your target audience
2. Message Delivery: Making sure your message gets through to the right people at the right time with the right content

3. Reputation Management: Making sure that your company or product's reputation is consistent with its image so it doesn't appear as if it is changing over time

4. Customer Relationships: Maintaining strong customer relationships by understanding what motivates customers to buy from you

Brand management refers to the process of managing a brand's identity, values, and image. It is a critical part of every company's marketing strategy because it helps build consumer loyalty and trust.
Brand management is also known as "brand management process" or "branding process." The 4 branding strategies are: 

1. Brand Identity - what the brand stands for in the minds of consumers

2. Brand Purpose - where the brand wants to go in the future: what it will look like when it gets there
3. Brand Essence - how products represent the brand's core promise or values

4. Brand Image - how people see your brand through their own experiences

Brand management is the process of managing a brand.
There are four strategies:

1. Positioning: Brand positioning is when you decide what your brand is going to be and how it will be represented by your company. You want to make sure that you're representing your company in the best way possible so that you can increase sales and market share.

2. Pricing: Pricing is deciding what price you want to charge for your product or service, as well as how much profit margin you want to have. You want to make sure that you're making money on every sale you make, so that's why it's important to have a good pricing strategy in place!
3. Advertising: Advertising is all about getting the word out about your brand—it's about getting people excited about who you are and what you do, which will ultimately lead them back into your stores or offices when they need something from there again later on down the road (or even before then!).
4. Promotion: Promotion is all about getting people excited about whatever it is that makes up your brand, whether that means creating an interesting new social media campaign or just posting pictures of cute animals on Instagram for everyone else
Brand management is the process of creating, maintaining, communicating and protecting a brand.

Brand management strategies fall into four categories: 
- Identity - establishes a brand's personality and its place in the world.

- Positioning - defines the value proposition for customers and how that value proposition is presented to them.

- Pricing and packaging - defines how much a customer should pay for goods or services and what they should expect from the product or service.

- Promotion - describes how to get in front of customers and engage with them.

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