Managing Brand Portfolio in a Crisis (original) (raw)

The Aspect of Brands and Marketing Development in Pharmaceutical Industry in Transition Countries

The product is something made in factory; a brand is something that is bought by a customer. A product can be copied by competitor; however, a brand is unique. A product can be quickly outdated but a successful brand is timeless.' Developing a successful brand yields numerous consumer benefits, and leads to easier accomplishment of market goals as well; reduced marketing costs due to high levels of brand recognition and express brand loyalty. The basic function of any trademark or brand is to make the product unique, different from others. 'A brand is a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors.

Assessing the Role of Branding in the Marketing of Pharmaceutical Products in Ghana: A case of three Pharmaceutical Companies

The importance of branding as a tool for differentiation in the highly competitive pharmaceutical industry in Ghana has come to the fore due to competition and the influx of fake drugs. The purpose of this study was to assess the perception of managers about the strategic role branding plays in the marketing of pharmaceutical products in Ghana. Sixty respondents were sampled from three pharmaceutical companies. A structured questionnaire was used to collect data from respondents. Data was analysed using descriptive and inferential statistic using SPSS software. The findings of the study indicate respondents perceive that branding plays a significant role in the sale of pharmaceutical products, helps consumers to easily identify with the brand and helps pharmaceutical companies in communicating tangible differences of their brands to differentiate them from competing brands. The study further revealed that there exist a significant relationship between perceived role of branding marketing of pharmaceutical products. Finally, the study clearly shows that the major challenge confronting pharmaceutical companies in Ghana is the sale of imitated pharmaceutical products on the market. The study recommends that management of pharmaceutical companies seek government support in terms of stricter enforcement of laws governing imitation of pharmaceutical products and also improve upon their quality and packaging.

Brand Equity in Pharmaceutical Industry: An Empirical Study

Brand equity is an intra-individual build parallel to attitude strength. Brand equity, which implies a consumer-based focal point and affects consumer decision processes in a manner related to attitude strength, represents one of many factors that put in to brand value, which define as the surrogate value of a brand and which implies a company-based perspective. The present study focused on to study the importance of branding in the pharmaceutical industry and the strategies for building pharmaceutical brand and communicates it effectively. All the doctors, chemists and patients in Chandigarh who are concerned with OTC drugs specially antacids were covered under the study. Appropriate techniques were used to analyze the study. Introduction Brand equity is a corporate intangible asset based on the information of a precise brand in a market. Brand equity expresses the consequential reply to the actions executed by a company, to create a specific brand identity, which is meant as a the...

The Role of New Brand in Company Product Strategy

2018

Brand is a key concept in marketing. The operations of numerous companies are concentrated on brand, which is the indicator of their strength or weakness and the measure of the succes or failure on the market. Brand is the most crucial factor that is taken into consideration when purchasing everyday products. The conclusion is obvious: brand products are purchased more willingly and consequently they contribute to the development of companies and the whole economy. Brands are the future for manufacturers and they guarantee their existence on the market that is full of foreign competitive brands. A strong brand means a strong position of a company; it gives the power to fight against competitors and to develop. A successful promotion of a brand is beneficial to managers as a brand product secures the future of the company. Most of us associate a brand with a company logo, a manufacture’s sign that helps consumers distinguish one product from the other. However, the reality is differe...

Strategy and management, the foundations of any successful brand Esta obra está bajo una Licencia Creative Commons Atribución- NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0

Correspondencias & análisis, 2019

Resumen: Al analizar cualquier trabajo de marca tendemos a simplificar un proceso que, por su naturaleza, es enormemente complejo y multidisciplinar. Existe una corriente de opinión mayoritaria que se empeña en reducir el proceso de creación de una marca a su logotipo, o al grupo de elementos que articularán la identidad visual en una especie de imagen cosmética, puramente estética. Se reduce la concepción del branding a un gasto superficial, no a una inversión estratégica. Este aspecto evidencia por regla general una relevante falta de medios, profesionales y planificación de objetivos puestos en el largo plazo lo que acaba por devaluar, en muchos casos, la propia promesa de la marca. Estas cuestiones quedan en evidencia cuando no se pone en marcha un proceso profesional de construcción de marca de una forma estudiada, seria y coherente. Palabras clave: Marcas, gestión, estrategia, gestión de marcas, branding. Abstract: When analyzing any branding work we tend to simplify a process that by its nature is enormously complex and multidisciplinary. There is an important current of opinion that tends to reduce the creation of a brand to its logo or to the group of elements that will articulate the visual identity in a sort of cosmetic image, or purely aesthetic. Either by understanding branding as a superficial expense and not as a strategic investment, due to ignorance of the discipline, short-sightedness, lack of means and / or professionals or, by a mixture of all these factors, the brands themselves devalue in many cases from the moment they make the decision not to face their construction in a studied way, serious and coherent.

Strategic Brand Management in the Market

2021

The modern market is characterized by ups and downs associated with both external negative influences and expectations, and with the structural restructuring of the market. The result of these transformations was the transformation of the methodological and practical foundations of the formation, functioning and development of marketing and advertising activities, the leading role among which is the development and management of the company's brand.The development and management of a brand, or the branding process in an enterprise should be strategic and holistic. The authors studied the theoretical basis for the development and promotion of a brand to the market and proposed directions for its improvement: an algorithm for creating a brand strategy and a comprehensive scheme for forming a strategy for the development and management of an enterprise brand. To assess the effectiveness of the brand management strategy, the authors proposed a system of indicators characterizing the...

Brands and Brand Strategies Managerial Considerations

In consumer marketing, brands often provide the primary points of differentiation between competitive offerings, and as such they can be critical to the success of companies. Hence, it is important that the management of brands is approached strategically. Brands play a critical role in a firm's international expansion. A coherent international brand architecture is a key component of the firm's overall international marketing strategy as it provides a structure to leverage strong brands into other markets, assimilate acquired brands, and rationalize the firm's international branding strategy. This paper is a review of the brand literature and his aim is to examine the brand concepts developed by management and the dynamic nature of brands in terms of changing brand strategy and increasing consumer sophistication.

Potential effects of strategic brand management as a marketing approach on weaknesses and threats of textile marketing in Egypt

2021

Egypt's textile sector possesses a number of variant elements that characterize that sector as national priority; however, this sector decades ago has started stumbling severely due to a cluster of reasons. One of these reasons is the inattention to textile marketing, which led by the time to the withdrawal of Egypt’s textiles from its significant contribution to Egypt’s economy as well as from effective existence in the stage international markets. This paper research aims at demonstrating how Strategic Brand Management (SBM) as one of marketing approaches has the potential effectiveness on textile marketing’s weaknesses and threats. Strategic Brand Management is one marketing approaches that combines the methods and of the strategic marketing management and brand management together. Conditionally when adopted as a firm’s full-activated function and/or orientation, this approach specifically is able to provide the full range of means that not only textile marketing but the who...