Thursday, June 17, 2010

Brand Management

We have two dimensions to brand management that are critical for successful brand development. The first is internal communication and the second is measurement. Brand development is a long-term business building initiative need leadership and commitment.

In the organization, internal communication programs to employees and business partners are critical in creating the clarity and culture needed to deliver on the identity. Simply take, measurement drives behavior. The key is to make measurement systems to track brand performance thereby ensuring a significant return on investment. Brand equity elements include sales, profits, distribution, customer loyalty, awareness, perceived quality and associations made with the product or service.

Like other company assets, a company's brand must be nurtured and protected.

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