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fault
Consumers make buying decisions around the
If a product is good, it will succeed Brands are more likely to succeed than fail
NEW COKE
BIC Underwear
Cosmopolitan Yoghurt
Ponds Toothpaste Kelloggs in India ( Culture Failure) Hallmark in France Planet Hollywood Pears Soap(tired) Polaroid Yardley cosmetics Colgate Kitchen Entrees
BT Cellnet to O2
Kmart
Discussion:
Confused Positioning
Remember that there is no such thing as
a certain success
competitors weaknesses Distribution is everything When Coca Cola entered in INDIA they bought Thums UP. Have a core brand
Pakistani Brand Gourmet (Discussion)
Vague Positioning
Think from the customers perspective Brands are bigger than products
Do your Homework
brand , company or product Dont try to make consumers strangers to their culture
differences. Even Mc Donalds vary their products for different markets Localization of products
restaurants worldwide Attracted once only visitors Celebrity isnt enough Word of mouth is crucial in food sector The theme should be tied to the core product , rather than an abstract notion of Holly-wood
a historical success, but the product became incompatible with contemporary trends and tastes Ovaltine is 106 years old brand
baggage
getting rid of its brand name in favour of a new international identity Dont Overlap Brand identities: When BT set up different mobile business with different names such as Cellnet and Genie, it created consumer confusion Brand names cant be undone overnight
discount stores Spend US $2 billion in overhaul to improve stores and distribution system Realize that price gimmicks wont win long term customers Dont Neglect advertising Be better than the competition
frame of reference, which signals to consumers the goal they can expect to achieve by using a brand Singapore Airlines Vs Malaysian Airlines Nivea gentle& protective entered into the Deodorants category with clear positioning d0 stop- odor Dove soap with moisturizing lotion moved into dishwashing liquid and flop
before establishing a clear brand positioning Dot.com crash Companies often promote attributes that consumers dont care about Companies invest too heavily in points of difference that can easily be copied ( competitive Advantage) Companies leave their position while responding competition Companies think that they can Reposition
Excellence
Innovation Anticipation