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Brand Admiration. Building A Business People Love

  • ID: 3774323
  • Book
  • 288 Pages
  • John Wiley and Sons Ltd
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PRAISE FOR BRAND ADMIRATION

"The brand admiration model provides a compelling framework (the 3Es) for developing brands that enhance value to customers and companies alike. Such brands connect with customers and meet goals contributing to their happiness by providing meaning, identity, and emotion. This is powerful stuff!"
JAMES R. BETTMAN, Burlington Industries Professor, Fuqua School of Business, Duke University

"Park, MacInnis, and Eisingerich bring their wealth of experience and insight to offer a thorough, original, and practical view of branding. Comprehensive, concise, and highly actionable, their detailed development of the brand admiration concept is a virtual gold mine for thoughtful practitioners interestedin improving the design, implementation, and measurement of their branding strategies."
KEVIN L. KELLER, E.B. Osborn Professor of Marketing, Tuck School of Business, Dartmouth University, and former executive director of the Marketing Science Institute

"This book constitutes a rich and insightful addition to the world of brand strategy, as it pinpoints the ins and outs of how to build a beloved brand. For anyone or any company committed to being an admired brand, this book is required."
EUI SUN CHUNG, vice chairman, Hyundai Motor Company

"Park, MacInnis, and Eisingerich provide a powerful yet immensely practical perspective on building and managing brand admiration. Solidly grounded in academic research, the book provides an array of actionable tools to curate and measure brand admiration for the short– and long–term success of brands. This book is a must read for senior executives in businesses large and small, as well as for those who are directly involved in managing brand performance."
BABA SHIV, Sanwa Bank, Limited, and Professor of Marketing, Stanford Graduate School of Business

"Finally, a book that evolves the discipline of branding with a fresh, comprehensive, and practical approach.This is a must read for business leaders looking to build an enduring brand that will maximize the value of their company."
DOREEN IDA, former division president and marketing director at Nestl USA

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List of Figures ix

List of Tables x

About the Authors xi

Foreword xiii

Preface: What Makes This Book Different? xv

SECTION 1 THE BIG PICTURE 1

Chapter 1 Why Brand Admiration? 3

Introduction 3

The Value of a Brand 4

The Brand Admiration Management System 15

Notes 18

Chapter 2 Living Examples of Admired Brands 21

Introduction 21

Overview 24

Admired Brand in the B2B Market 25

Admired Brand in the Nonprofit (Service) Market 28

Admired Brand in the International Market 29

Types of Brands 30

Key Takeaways 33

What about Your Brand? 34

Notes 35

Chapter 3 The Science behind Brand Admiration 37

Introduction 37

Overview 37

The Theory behind Brand Admiration 38

Brand Trust, Love, and Respect 41

How to Build Brand Admiration: The 3Es 43

Key Takeaways 52

What about Your Brand? 53

Notes 54

SECTION 2 BUILDING ADMIRED BRANDS 59

Chapter 4 Building Admiration from the Inside 61

Introduction 61

Overview 62

Employees as Brand–Building Resources 62

Creating a Meaningful Mission Statement 65

Enabling, Enticing, and Enriching Features That Make the Mission Statement Come to Life 67

Enabling, Enticing, and Enriching Employees as People 72

Key Takeaways 78

What about Your Brand? 79

Notes 79

Chapter 5 Building Brand Admiration among Customers 83

Introduction 83

Overview 84

The Brand–Positioning Statement 84

Strategic Decisions for Developing a Positioning Statement 86

Positioning Statement and Financial Goals 101

Key Takeaways 101

What about Your Brand? 102

Notes 103

Chapter 6 Building Top–of–Mind Brand Recall 105

Introduction 105

Overview 106

Key Issues in TOM Brand Recall 107

Enhancing TOM Brand Recall Using Logos 111

Enhancing TOM Brand Recall Using Brand Names 113

Enhancing TOM Brand Recall Using Product (Package) Design 115

Designing Logos, Brand Names, and Product/Package Designs Jointly 119

Key Takeaways 120

What about Your Brand? 121

Notes 122

SECTION 3 STRENGTHENING AND LEVERAGING ADMIRED BRANDS 125

Chapter 7 Strengthening Brand Admiration 127

Introduction 127

Overview 128

Value–Enhancement Strategies That Strengthen Brand Admiration 130

Strategies That Manipulate Brand Benefits 132

Strategies That Adjust a Benefit s ImportanceWeight 137

Strategies That Create (Change) the Referent 139

Thinking Broadly about Value–Enhancement Strategies 141

Key Takeaways 143

What about Your Brand? 144

Notes 145

Chapter 8 Leveraging Brand Admiration: Extension and Feedback Effects 147

Introduction 147

Overview 147

Why Leverage an Admired Brand? 148

How to Leverage a Brand: Product and Brand Extension Strategies 151

Key Takeaways 164

What about Your Brand? 165

Notes 165

Chapter 9 Leveraging Brand Admiration: Implementation Issues 167

Introduction 167

Overview 168

When Are Product and Brand Extensions Most Likely to Be Successful? 168

Is High Fit Always Necessary? 176

Achieving Optimal Extension and Feedback Effects over Time 179

Key Takeaways 186

What about Your Brand? 186

Notes 187

Chapter 10 Brand Architecture Design 189

Introduction 189

Overview 190

Brand Naming Options in Brand Architecture Design 191

Designing the Structure of the Company s Brand Architecture 201

Criteria in Choosing a Branding Option in the Company s Brand Architecture 203

Key Takeaways 209

What about Your Brand? 210

Notes 210

SECTION 4 ASSESSING THE VALUE OF ADMIRED BRANDS TO FIRMS AND CUSTOMERS 213

Chapter 11 Measuring Brand Equity 215

Introduction 215

Overview 216

Perspective on Brand Equity 218

Measuring Brand Equity 220

Appeal of the Brand–Equity Measure 227

Key Takeaways 234

What about Your Brand? 236

Notes 236

Chapter 12 Brand Dashboards 239

Introduction 239

Overview 240

What a Brand Admiration Dashboard Can Do for You? 242

The Brand Admiration Dashboard: An Illustrative Example 245

Key Takeaways 254

What about Your Brand? 255

Appendix 256

Notes 258

Afterword: Concluding Thoughts 261

Index 263

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C. Whan Park
Deborah J. MacInnis
Andreas B. Eisingerich
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