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BRANDING – Necessity for MSME  Presented by  M.SIVASUBRAMANIAN
Meaning of Branding Brands are a means of differentiating a company’s products and services from those of its competitors.
A brand is not: a product a company a logo : A Brand is a promise  an experience a relationship
Definition of Branding “ A brand is a name, term, sign, symbol, or design, or a combination of these that identifies the maker or seller of a product or services.”  -Phillip Kotler
Need for BRANDING To convey that you are established. To attract more clients. To increase your credibility. To be more memorable. To stand out in your field. To give clients a sense of stability.
Benefits of Branding Memorability Loyalty. Familiarity. Premium price.  Creation of Goodwill Lower marketing expenses.  For consumers, less risk.
An Effective Brand Name Is easy to pronounce Is easy to recognize and remember Is short, distinctive, and unique Has a positive connotation Reinforces the product image Is legally protectable
Types of Brand  There are two main types of brand – manufacturer brands and own-label brands. Manufacturer brands Private label brand
Examples Colgate Protection Lux   Glamour Axe Sexual Attraction Gillette   Quality
Why Is It Necessary? Competition Differentiation Enables decision-making by prospective consumer Pricing
 
MSME Micro Medium Small Enterprise
 
Why Branding is Necessity for MSME For a business to flourish, it is more than necessary to have a reputation in the market Reputation calls for publicity and a BRAND is one of the most critical tools for this purpose
Why Branding is Necessity for MSME Besides your product or services, it is your BRAND that leaves an imprint on people’s minds and touches their hearts An expressive BRAND makes people  turn their heads and open their eyes.
MSME A small business, even a sole proprietorship, cannot survive without branding. The idea that the brand must be just a website or logo is incorrect. The brand can be the business name, or, in the case of a sole proprietor, even the name of the owner
MacDonald Have you ever wondered that the ‘M’ for MacDonald is displayed individually at prominent places and everyone easily identifies it!
MacDonald People relate the big Yellow M with MacDonald’s burgers as soon as they see it anywhere.
Conclusion Effective branding and value creation continue to represent the cornerstone of every successful company. In today’s increasingly competitive marketplace for services, retaining a customer’s loyalty is critical.   This puts more emphasis on the need for effective total brand management.
Reference http://www.businesslink.gov.uk http://www.powerbandgraphics.com www.authorstream.com Marketing management – Philip Kotler

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Branding

  • 1. BRANDING – Necessity for MSME Presented by M.SIVASUBRAMANIAN
  • 2. Meaning of Branding Brands are a means of differentiating a company’s products and services from those of its competitors.
  • 3. A brand is not: a product a company a logo : A Brand is a promise an experience a relationship
  • 4. Definition of Branding “ A brand is a name, term, sign, symbol, or design, or a combination of these that identifies the maker or seller of a product or services.” -Phillip Kotler
  • 5. Need for BRANDING To convey that you are established. To attract more clients. To increase your credibility. To be more memorable. To stand out in your field. To give clients a sense of stability.
  • 6. Benefits of Branding Memorability Loyalty. Familiarity. Premium price. Creation of Goodwill Lower marketing expenses. For consumers, less risk.
  • 7. An Effective Brand Name Is easy to pronounce Is easy to recognize and remember Is short, distinctive, and unique Has a positive connotation Reinforces the product image Is legally protectable
  • 8. Types of Brand There are two main types of brand – manufacturer brands and own-label brands. Manufacturer brands Private label brand
  • 9. Examples Colgate Protection Lux Glamour Axe Sexual Attraction Gillette Quality
  • 10. Why Is It Necessary? Competition Differentiation Enables decision-making by prospective consumer Pricing
  • 11.  
  • 12. MSME Micro Medium Small Enterprise
  • 13.  
  • 14. Why Branding is Necessity for MSME For a business to flourish, it is more than necessary to have a reputation in the market Reputation calls for publicity and a BRAND is one of the most critical tools for this purpose
  • 15. Why Branding is Necessity for MSME Besides your product or services, it is your BRAND that leaves an imprint on people’s minds and touches their hearts An expressive BRAND makes people turn their heads and open their eyes.
  • 16. MSME A small business, even a sole proprietorship, cannot survive without branding. The idea that the brand must be just a website or logo is incorrect. The brand can be the business name, or, in the case of a sole proprietor, even the name of the owner
  • 17. MacDonald Have you ever wondered that the ‘M’ for MacDonald is displayed individually at prominent places and everyone easily identifies it!
  • 18. MacDonald People relate the big Yellow M with MacDonald’s burgers as soon as they see it anywhere.
  • 19. Conclusion Effective branding and value creation continue to represent the cornerstone of every successful company. In today’s increasingly competitive marketplace for services, retaining a customer’s loyalty is critical. This puts more emphasis on the need for effective total brand management.
  • 20. Reference http://www.businesslink.gov.uk http://www.powerbandgraphics.com www.authorstream.com Marketing management – Philip Kotler