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Brand and brand management.  

Member rating: 2 out of 10 stars (1 vote) | Words: | Submitted: Mon Dec 22 2003

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Brand and brand management A brand can be likened to a ship in a fleet facing an upcoming battle. This metaphor provides some insight into the brand management problem and the cast of characters. The brand manager is the captain of the ship, who must know where his or her ship is going and keep it on course. The other brands in the firm, like other ships in a fleet, need to be coordinated to achieve the maximum effectiveness. Competitors correspond to enemy ships, knowing their location, direction, and strength is critical to achieving strategic and tactical success. The perceptions and motivations of customers are like the winds: It is important to know their direction, their strength, and possible changes. (Aaker, 1996) Brand I drink coca-cola and eat McDonald's and wear U2. Ever day of our lives, each and every one of us chooses and uses brands. What is a brand? A brand...

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