Introduction
Connecting one or more brands to the concepts of equity and assets radically changes the marketing function, enabling expansion beyond strategic tactics and gaining a seat at the executive table.
Each brand carries a baggage of inherent values that represent the link between company's mission and customers' expectations. These include:
- Brand loyalty
- Brand awareness
- Brand associations, including perceived quality
A combination of customer segmentation and brand equity studies allow for answering two main questions:
- How well do you understand your existing customers and prospects?
- How well do they know and understand you?
When a company...