Communicating Brand Values
Author Stephen King argues in this artic
This is an excerpt from the paper...
Author Stephen King argues in this article that it is time to consider how to apply marketing principles and practice in an increasingly competitive and rapidly changing environment. His thesis is that as it becomes more difficult to sustain an objective advantage over competitors, it will also become more important to position organizations as "brands" in the minds of actual and potential customers.King sees new pressures all around us, but he also seeds retailers learning to get better at using the power of the data they gather on turnover, stocks, and profits. More innovative retailers are using this information to develop more tailor-made services for customers. Corporations are also in a bout of restructuring, with many companies being taken over and others trying to decide what their corporate culture may be. In times like these, companies should work at brand-building, or using all the assets of the company to create unique entities that certain consumers really want, entities with a lasting personality based on a combination of physical, functional, and psychological values. Brand-building is considered the only way to accomplish a number of things, such as building a stable and long-term demand, adding values that entice customers and consumers, and protecting the company against the growing power of intermediaries. King sees the need to escape from old habits about brands and brand-building in favor of making the company itself a brand by designing and con
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r her and not what it means to the average person or to someone in another area or country.
What King is describing here is how the marketing situation is changing. Marketers classify situations that affect consumer behavior, indicating a relationship between environmental factors and situations. The term "situation" itself is not precise, nor is there one specific way to use it in marketing analyses. Situations are defined as always containing a human actor who is behaving in an environment, and the situation refers
to the ongoing stream of reciprocal interactions between behaviors, affective and cognitive responses, and environmental factors, over some period of time.
A situation is more extensively defined as a sequence of environmental events and the associated behaviors, cognitions, and affective responses associated with them, and they vary in complexity from the relatively simple to the very complex. The simple situation is on in which all the behaviors and effective and cognitive responses take place within a single physical environment. Complex situations involve many different behaviors and cognitive and affective responses in multiple social and physical environments.
King shows an understanding of this proc
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Some common words found in the essay are:
Stephen King, company brand, consumer behavior, Lynne Consumer, Horizons May-June, Boston Irwin, Stephen Brand-Building, brand idea, products services, Marketing Fall, calls brand idea, information consumer, information available, changes taking, metaphor personality, king correct, consumer seen,
Approximate Word count = 1807
Approximate Pages = 7 (250 words per page)
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