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IMC Lecture 4

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A consideration of branding...

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Page 1: IMC Lecture 4

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“...a special relationship with customers, based on intangible qualities that evoke strong emotional responses. These might consist of a logo, a general look and feel, a tone of voice and the way a company interacts with its customers – but the whole should be much greater than the sum of the parts.”

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“A brand is the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another. If the consumer (whether it’s a business, a buyer, a voter or a donor) doesn’t pay a premium, make a selection or spread the word, then no brand value exists for that consumer.”

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a brand can be perceived as a product…

...that adds either rational and tangible dimensions (related to performance)

…or as a symbol... ...symbolic, emotional and intangible dimensions (related to what the brand represents)

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memorable

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brand strategies…

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brand names…

…synonymous?

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react to successful competitive products

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multi-branding

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brand portfolio...

bastion

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Brand friend

Satisfied buyer with switching costs

Satisfied/habitual buyer

Switchers/price sensitive

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lovemarks

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passionate enthusiast

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…brands have intrinsic and extrinsic factors attached to them…