|
Brand
- Positioning in the people's mind
The
importance of an image has become an emotional part of everyone.
A brand name represents the image, character and personality of
a brand. A brand name should be clear, lucid, easy to remember,
distinct from the competition and should not be generic to the category.
It should become customer's Top of the mind brand (TOMB). Most successful
brand names would satisfy these criterions to quite an extent. Brand
loyalty is one thing which has made the branding more popular. As
some one rightly said "Brand loyalty is not dead, it's just
more like loyalty to a girl/boyfriend than loyalty to a husband/wife".
Some
brand names such as Coca-cola by itself does not represent anything
until it is positioned with the proper communication and image that
represents what it stands for. On the other hand, a brand name like
McDonalds represent western origins while a brand name like Honda
represent Japanese efficiency, culture and personality. Hence, brand
names that are linked to associations of their origins or product
will create first impressions to the user. On the other hand, brands
like Pepsi on its own may not mean anything until the image and
character of the brand is communicated to the market.
Meanwhile,
the vast flow of names today makes it harder to differentiate them
unless they come out with their own uniqueness. This way, they could
come to their special position in everyday life. The image following
a particular name is also determined by the role of communication
it undergoes; of which the followings are included: its manner,
personality, behavior, ethics, values, etc. The importance of brands
depends on the true ambitions of the company.
Branding becomes
essential in developedeconomies with intense competition / plenty
of choice and educated consumers. Indian firms got very used to
having a huge and rather captive market at home and thus became
uncompetitive on the global stage when the marketwas relatively
closed. They just didn't need to go out and get more business. There
is also a lot of negative image attached with the 'made in India'
tag which restricts the Indian brands making impact on a global
scale. Till the late 80s India has been so bothered about domestic
sales and image that they did not see the larger canvas. One can
see the global trends now and the emergence of Indian MNCs. Kingfisher
and TATA are wonderful examples of a brand build up in a highly
competitive market.
The increasing
spread and domination of international brands has seemed inevitable
for at least the last 30 years. All around the world we have witnessed
the disappearance of local brands and local variants. But despite
this trend, local and regional brands still remain strong. In India,
for example, protected for many years by government policy from
the invasion of foreign brands, homegrown brands dominate many sectors
- Tata automobiles and Titan watches, to name but a few. In the
end people want both global and local brands - brands that make
them feel part of wider international community and brands that
root them in their home culture.
|