Definition of brand
According to brand-channel.com, Brand is
1. business asset created between the company and the customer.
2. The talking point of company's business strategy
3. tool for developing relationships and demand
4. Delivers tangible economic value.
Indian illustrations;
Top10 Indian brands ( source: economic times)
1. Reliance industries
2. Tata Consultancy Services
3. Indian Oil corporation
4. State Bank of India.
5. WIPRO
6. Tata Motors.
7. ICICI bank
8. Bharati Airtel.
9. BPCL
10. ITC.
India's leading brands ( Source: Statistica)
Top 10 Indian brands ( Source; brandfinance)
Types of Brands
Types of brands ( Source: Lumen)
A. Individual brands: Tangible and Individual Product.
In this example VICCO WSO is the indivdual brand.
B. Services brand
B1; Classic service brands
Ginger is the Tata's budget hotels is the example of classic service brands.
B2; Pure service providers.
Club Mahindra offers resort services in India. This is the membership price list of the company. This is an example of pure service companies.
B3: Professional service brands
R. K swamy BBDO is an advertising agency in India provides media services to clients. The company specialized in Strategy, Creative, Media, Digital Services, Outdoor, Events & PR, Communication solutions for Healthcare and Social & Rural sectors, CRM, and HR Communications
B4: Agents
MakeMyTrip Limited is an Indian online travel company founded in 2000. Headquartered in Gurugram, Haryana, the company provides online travel services including flight tickets, domestic and international holiday packages, hotel reservations, and rail and bus tickets.
B5: Retail Brands
BigBazaar is the retail brand of future group selling groceries, plastics, apparel etc...
C. Organization brands
Adani Wilmar Limited (AWL) is a joint venture incorporated in January 1999 between the Adani Group & Wilmar International Limited - Singapore, Asia's leading Agri-business group with business activities including oil palm cultivation, oilseed crushing, edible oil refining, sugar milling and refining and grain processing. It has over 450 manufacturing plants and an extensive distribution network covering China, India, Indonesia and 50 other countries. The joint venture kicked off with the commissioning of India's first port-based refinery at Mundra, Gujarat and later on other such units were setup across other locations.
D. Personal Brands :
Akshay Kumar Indian Bollywood actor is the best example of personal brands. In this picture he is endorsing TAFE tractors.
E. Event brand
TED is the website for sharing the creativity and enw thought process. In India, It has began the TV show on Star Plus channel.
F. Geographic Brands
Belgaum is the small city in Karnataka in India is known for its sweet Kunda.
G. Media Brands
NDTV is a hindi News channel owned by the New Delhi television Group.
H. E-Brands
the online retailing buzz is also provides ample opportunity for branding. The below is an example of Indian brand Nykaa that is into clothing and fashion selling on the internet.
I. NGO Brand
Akshay patra is the NGO that is into the food distribution for school children across India. It serves more than million mid day meals everyday.
Brand Equity
( Source; Research gate)
References:
1. https://economictimes.indiatimes.com/magazines/indias-top-10-company-brands/articlelist/3434192.cms
2.
India - leading brands by value 2019 | Statista. (2019). Statista. Retrieved 10 December 2019, from https://www.statista.com/statistics/254552/leading-indian-brands-by-brand-value/
3.
(2019). Brandfinance.com. Retrieved 10 December 2019, from https://brandfinance.com/images/upload/india_100_free_1.pdf
4.
Reading: Types of Brands | Principles of Marketing – Candela. (2019). Courses.lumenlearning.com. Retrieved 10 December 2019, from https://courses.lumenlearning.com/cochise-marketing/chapter/reading-types-of-brands/
5.
Bhasin, H. (2019). 20 Types of Brands in the Market - Different Type Of Brands. Marketing91. Retrieved 10 December 2019, from https://www.marketing91.com/types-of-brands/
6. Eldon Liauthor Contentcontent. (2019) (5) (PDF) The effect of philanthropic marketing on brand resonance and consumer satisfaction of CSR performance. Retrieved December 11, 2019, from https://www.researchgate.net/publication/277681730_The_effect_of_philanthropic_marketing_on_brand_resonance_and_consumer_satisfaction_of_CSR_performance/figures?lo=1
2 comments:
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