Purpose of this course is to develop an understanding of the underlying concepts, strategies and issues involved in managing brands.
Introduction, Elaboration, Fortification, Types of Brand & their stages, Functional, Symbolic, Experiential
Definition, Types of branding strategy, Product Branding, Line Branding, Range Branding, Umbrella Branding, Source Double Branding, Endorsement Branding, Factors affecting the branding strategy.
Meaning & Significance, Risks in Line Extensions, Brand Extensions, Meaning , Need / Importance of Brand Extensions
Product Form of Extension, Companion Product, Customer Form Extension, Company Expertise, Brand Distinction, Brand Image or Prestige, Distinctive Taste, Ingredient or Component, Advantages & Disadvantages of Brand Extensions
Concept, types, product hierarchy
Brand Portfolio, Flankers, Cash Cows, Low-end entry level High-end entry level