Managing Brand Equity: Capitalizing on the Value of a Brand Name

The most important assets of any business are intangible: its company name, brands, symbols, and slogans, and their underlying associations, perceived quality, name awareness, customer base, and proprietary resources such as patents, trademarks, and channel relationships. These assets, which comprise brand equity, are a primary source of competitive advantage and future earnings, contends David Aaker, a national authority on branding. Yet, research shows that managers … [ Read more ]

How Marketing Can Reduce Worldwide Poverty

Marketing to the world’s poorest customers? There’s no contradiction, sayHBS professor V. Kasturi “Kash” Rangan and researchassociate Arthur McCaffrey. In fact, the marketing profession canplay a huge role in alleviating global poverty.

The Test Test

Testing is a more important factor in direct marketing success than ever. Yet we’ve seen marketer after marketer limit or eliminate the amount of testing they do. And major marketers fail to look at issues that can have the largest impacts on their businesses. Hence, this Test Test.

Snakeplots for Understanding Customer Perceptions

There is a tendency in marketing to think mostly about what customers care about. That is, what benefits customers really want. But there is another important part that should be deeply appreciated by anyone who markets products, and that is customer perceptions, or how customers view (or perceive) the different products on the market. One technique that clearly depicts these customer perceptions is “snake-plot”. It … [ Read more ]

Customer Loyalty – From The Customer’s Perspective

Businesses may not define loyalty in the same way that their customers do. Highlights of the Core Services and Trust Builders from a recent Consumer Eyes 2000 survey.

Top 10 Marketing Tips

A list of the top 10 marketing ideas by Dr. Rick Crandall, author of 1001 Ways to Market Your Services: Even If You Hate to Sell.

Credentialism

The most compelling credentials, listed in the order of their respective power, are…

– Most widely-used
– Best-selling
– First
– Award-winning
– Top-rated
– Largest

These six Power Phrases work to different degrees and for different reasons.

Buying is Where Selling Should Begin

This article describes two types of buying behavior: Buy-Knowing and Buy-Learning and focuses on the latter, examining the eight steps of the buying process and eight corresponding sales roles to address the issues of those steps.

Choosing Customer Segments

The decision of which segments to choose is perhaps one of the most difficult challenges for a firm. The reason? Firms often identify a greater number of attractive segments that they are capable of pursuing, given their limited resources. It is tempting to enter all segments (see the tutorial on segment coverage), especially those that are growing and represent potentially great profits. In marketing, while … [ Read more ]

Sales Management Audit

“Sales management is where the real test of the business is made. Will the customers buy at a price, in sufficient quantity and according to the stock and manufacturing plan in a way that will enable the company to make a profit? Good sales management does not just happen.” Here is an article and associated sales audit exercise related to that all-important topic.

Who’s wearing the trousers?

“As they move from merely validating products to encapsulating whole lifestyles, brands are evolving a growing social dimension. In the developed world, they are seen by some to have expanded into the vacuum left by the decline of organised religion. But this has made brands – and the multinationals that are increasingly identified with them – not more powerful, but more vulnerable. Consumers will tolerate … [ Read more ]