bm section b_group12
TRANSCRIPT
THREE QUESTIONS YOU NEED TO ASK ABOUT YOUR BRAND
Submitted by :-Group 12PGP 31402 Rajat PaulPGP 31389 Musadhiq YavarPGP 31298 Vikas Deshmane
IS DIFFERENTIATION ENOUGH?
Consider these brands(How are they differentiated?)
3 Things that affect your Brand Positioning
Frame of Reference
Points of Parity
Points of Differentiation
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01
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SUBWAY’S BRAND POSITIONING DILEMMA
• Subway’s key point of difference: healthfulness
• What about Taste?
• Strong health-centered campaign would jeopardize the perception of Subway as a fast-food establishment
Differentiate! But don’t forget what business you’re in!
Have We Established a Frame?
Brands in disparate categories
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Signal to consumers
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Associations as PoPs & PoDs
06Brands in the same category
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Competitors
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Influence of PLC
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FRAME of Reference
INFLUENCE OF PLC
Introduction:Frame of reference: competing productsReason: Quickly communicate what theproduct is and what goal it serves.
Later stages of the product life cycle:growth opportunities (and threats) mayemerge outside the product category.Accordingly, shifting the frame of referencemay be necessary
Examples
Coca-Cola competes with Pepsi-Cola and RCFrame of reference is other brands in the same category
Coke competes with Gatorade, and Snapplewhich potentially share the frame of reference that consists of all thirst-quenching drinks: the frame of reference might be brands in quite disparate categories.
FLIPKART
Initial Frame of Reference: Book StoresCompetitors: Retail StoresFocus: Convenience (Time and Effort)
New Frame of Reference: E commerce Competitors: Amazon and SnapdealFocus: Variety of Products
What about SNAPDEAL?
From daily Deals platform to Online Marketplace
Are We Leveraging Our Points of Parity?
Consumers should perceive your product as a legitimate and credible player within that frame
Brand Extensions• The more an extension differs from a base
brand, the greater the importance of focusing on the frame of reference
Are We Leveraging Our Points of Parity?
Example :Dove dishwashing liquid
o Consumers were looking for a dish washing liquid that cleaned the dishes properly than soft hands
o Dove needed to establish its points of parity with competitors before stressing its differences
Ponds didn’t prove to be quite so popular when it applied its name to toothpaste
• In a blind test environment, people were not able to differentiate it from that of Colgate but no one seemed to be interested when Ponds label was attached
Are We Leveraging Our Points of Parity?
Example :-Colgate launched its range of food products called Colgate’s food entries, it resulted in a failure because it was not in line with consumer’s association to the brand’s values and goals
Are We Leveraging Our Points of Parity?
Example :- Nirma shudh Namak
Nirma came up with a salt ‘Nirma Shudh’, it failed to make its mark as consumers related it with detergents.
Example :-Tata Nano• Tata made it look utilitarian. However, Indian
car buyers are not utilitarian but aspirational.
New BrandsMore innovative the product , the greater thedifficulty of fitting it into an established frameand meeting the frame’s minimum requirements
Are We Leveraging Our Points of Parity?
Example- Motorola envoy• Envoy lacked sufficient points of parity to belong
to any existing category• Without a clear frame of reference,it resulted
into a failure
Example- Gillette: No longer the only company selling triple blade razor
Established Brands
Managers of established brands also need to reassess points of parity from time to time
Are We Leveraging Our Points of Parity?
3.ARE THE POINTS OF DIFFERENCE COMPELLING?
• For a successful brand positioning a strong,favourable,unique association is necessary
• There are 3 types of brand differences
Brand performance associations
Brand Imagery associations
Consumer insight associations
There are 5 main categories on which a brand is assessed by a buyer prior to purchase
Brand Performance
Brand Reliability,durability and serviceability
Brand Service effectiveness ,efficiency and empathy
Style and Design
Value and Price
For eg.
BRAND PERFORMANCE ASSOCIATION
BRAND IMAGERY ASSOCIATIONS & CONSUMER INSIGHT ASSOCIATIONS● Established by depicting who uses the brand and under what circumstances.Eg. Sensodyne ad
● Consumer insight association -A brand can then communicate that it has better insight into their problems or goals.
POINT OF DIFFERENCE TEST
Two questions to ask
Are the PoD’s desirable by the consumer? Can the Brand deliver those PoD’s?
Is it relevant and believable?
Perceived -performance enhancing?
Feasible?
Profitable?
Is it difficult to attack?
POINT OF DIFFERENCE TEST EXAMPLESDesiribility:
Deliverability : Market Brand leaders market their products on the basis of the category’s points
Putting It ALL together
• The frame of reference, PoP and PoD must be consistent and must not contradict one another
Miller Lite: Great taste vs. Less fillingSolution: • Sequencing: Miller lite first has a great taste and then is
less filling• Leverage a. unconnected attribute: Miller Lite used well-
liked celebrity to lend credibility
Apple: Easy to use vs. PowerfulSolution: Contradictions are in fact complements.Eg. Apple campaign the most powerful computers are the ones that people actually use.
Putting It ALL together
TATA Nano: Comfort & Power vs. Low Price
Micromax: Benefits of iPhone vs. Low Price
PITFALLS OF BRAND POSITIONING
Establishing brand awareness before establishing a clear brand positioning
Companies promote attributes that consumers don’t care about
Companies sometimes invest too heavily in PoD’s which can be easily copied
In response to competition companies sometimes walk away from their established positions
Companies sometimes think that they can reposition their brand but this is nearly always difficult and sometimes impossible
For eg.
Making it Last
• Sustaining the Brand Performance
• Laddering Up: PODs become the essence of the brand
• Strong Brand linkages through Advertisements
Which Indian Brand have achieved this sustainability?
THANK YOU !