Brand - brand what is it?

When you hear a word "brand" what do you think of first?

Brand image

The importance of the positive brand image.

KFC changing brand image in India

So when you hear of KFC, you probably think of chicken, right? Well, what KFC stands for? Kentucky Fried Chicken! So the menu there should mostly consist of chicken! But I guess not in India

What is brand? Part 2

Find out what a brand is and why brands are important in our lives

How changing the existing brand image may destroy your brand

Find out why companies shouldn't change their exisitng succesfull logos and why social media plays an important role in branding nowadays

European biggest brand failures

Even big players make mistakes

10 bransa that will disappear in 2013

Find out which brands will likely stop existing next year

Wednesday, November 28, 2012

Results of my research on Eureopan brands

About 2 weeks ago I carried out a quick research among the community of students and workers of University of Norther Iowa, in Cedar Falls, Iowa, about how they are familiar with European brands. I surveyed 11 people where 7 of them were students of different faculties, years and gender.This exploratory research was to help me which brands I should focus on during more in-depth research that I am going to conduct soon. The results were quite surprising: let me share with you what I have discovered.

Below there is the list of all car, clothing and cosmetic brands I asked American respondets with the percentage of their mentions:

  1. Puma – 100%   
  2. Mercedez-Benz  100% 
  3. Axe –73%
  4. Adidas – 100 % 
  5. BMW – 100% 
  6. Garnier – 64%
  7. Reebok – 100%  
  8. Mini Cooper – 82% 
  9. Nivea – 73%
  10. Zara –  9 %
  11.  Volvo – 100% 
  12. Sephora – 45%
  13. H&M –  82% 
  14. Volkswagen – 100% 
  15. The Body Shop 36%
  16. Dolce Gabbana – 73% 
  17. Fiat –  73% 
  18. L’Oreal – 100%
  19. Prada – 10 – 91% 
  20. Audi – 100%
  21.  Lancome – 27%
  22. Luis Vuitton 91%   
  23. Lamborghini – 100% 
  24. Yves Rocher –  9%
  25. Versace – 82 % 
  26. Bentley – 73 % 
  27. Vichy – 9%
  28. Fendi – 36% 
  29. Porsche –  100% 
  30. Rimmel –  9%
  31. Armani –  73% 
  32. Ferrari – 100%
  33.  Burjois – 0%
  34. Hugo Boss – 36% 
  35. Land Rover – 82% 
  36. Timotei – 0%
  37. Marks and Spencer – 9% 
  38. Peugeot – 27% 
  39. L’Occitane – 0%
  40. Chanel –  100%
  41.  Jaguar – 100% 
  42. Oriflamme – 0%
  43. Lacoste –  55% 
  44. Rolls Royce –  82% 
  45. Clarins – 0%
  46. Dior – 7 – 64%
  47.  Smart – 82% 
  48. Laroche-Posay – 0%
  49. Burberry – 45% 
  50. Saab – 55% 
  51. Valentino – 18% 
  52. Maserati – 55% 
  53. United Colors of Benetton –18%
  54.  Bugatti –  45% 
  55. Hermes –  9%
  56.  Aston Martin – 36% 
  57. Furla – 0%
  58. Lotus –  55% 
  59. Mango – 0%
  60. Renault – 27% 
  61.  Citroen – 9 % 

 Summary:
 There are few brands that are known for all participants. These brands are as follows: Chanel, Jaguar, Adidas, Puma, Reebok, L’Oreal, Mercedes-Benz, BMW, Volvo, Volkswagen, Audi, Lamborghini, Porsche, Ferrari - you can see them clearly in a red color.As it can be observed most of them are card brands and what is more interesting: all German vehicle brands were recognized. Also two major sports clothing brands Adidas and Puma that are originally from Germany are known for all surveyed American consumers. Moreover, respondents when asked in the beginning which European brands come to their minds, they usually mentioned car brands and some luxurious clothing brands. Few of them were able to indicate the country of origin in the first place. Almost all of them suggested that there also should be a list of countries – they said that would make it much easier. Therefore, I would like to focus on automobiles, few clothing and cosmetic brands plus few not related but widely known brands with the list of the countries. Here is the list of brands I would like to focus on: Puma, Adidas, Chanel, Reebok, H&M, Dolce Gabbana, Armani, Versace, Dior, Smart, Mercedes- Benz, BMW, Mini Cooper, Audi, Volkswagen, Volvo, Lamborghini, Porsche, Ferrari, Jaguar, Land Rover, Rolls Royce, Bentley, Axe, Nivea, Garnier, L’Oreal, Ikea, Red Bull, Lego, Heineken, Guinness, Nokia, Barilla, Lindt, Nestle, Swatch (the last 10 ones are unofficially answered).

I believe these results can be helpful for companies to think of their positioning. Few brands that exist in American market were not even mentioned. However, that could be also influenced by the fact that I have only surveyed collage students that may not be interested in some of the brands. The fact that all German cars were 100% recognized and correcly connected with their country of origin can bring us to one conclusion: how well they are positioned in the consumers' minds. That could be a lesson for other companies to learn. I hope, even if it is just the beggining of my reserach, that this short questionaire and its results might turn to be useful and helpful. I also hope that it will encourige the companies to follow me and benefit from my insights.

Wednesday, November 7, 2012

10 brands that will disappear in 2013

What is happening right now in the global market, does not help the brands to develop either. Some of the biggest brands are now even  in danger of disappearing from the market. Dynamically changing environment is a challenge that companies seem not to be able to undertake.

Recently I have come across an interesting article on Yahoo Finance where was posted a list of 10 brands that will disappear in 2013 according to 24/7 WallSt.. Let's have a look which brands are predicted to fail with short description of their inefficiency:

1. American Airlines - will likely to be bought by US Airways
2. Talbots - loss of customers contributed to little earnings and therefore lowering the price of its shares.
3. Current TV - loss of the audience
4. Research in Motion - losing of market share
5. Pacific Sunwear - too little market share
6. Suzuki - poor reputation of its cars
7. Salon.com - loss of good managers
8. The Oakland Raiders - leaving Oakland due to new financial plans of the owners
9. MetroPCS - too tiny to compete with larger competitors - will likely to be taken over
10. Avon - low cost of stock shares

 Further in the article you may find more information why they will vanish from the market. All of those brands are American, none are European. The author mentions Nokia - a Finnish mobile phone business - that should disappear soon as they just fired 20% of their labour.

Unfortunately, some industries are brutal, strongly competitive and if your company cannot keep up the pace, if you cannot afford financing innovations - you may find yourself on that list too.


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