Brand Equity Essay

Brand equity is “the marketing and financial values linked with a brand’s strength in the market, including actual proprietary brand assets, brand name awareness, brand loyalty, perceived brand quality, and brand associations” (Pride & Ferrell, 2003, p. 299). Brand equity can also be defined as “A set of assets and liabilities linked to a brand, its name and symbol that adds to or subtracts from the value provided by a product or service to a firm and/or to that firm‟s customers.” – David Aaker 1991 Brand equity can be said to be of the most valued assets that a firm can have, and both brand equity measurement and brand equity management continue to remain important in marketing and management areas of research in both academia and industry.…

R1 BRAND EQUITY As brand image are receiving more concerns, brand equity and brand awareness are one of the most crucial factors that affects consumers’ repurchase intention. Aaker (1992) describes brand equity as ‟ a combination of assets and liabilities correlated to a brand name and its symbol, which could give beneficial or detrimental impacts on the commercial values that derives from a product or service” whereas brand awareness is explained by Keller (1993) as the extent to which…

Brand equity is usually defined as the marketing effects or outcomes that accrue to a product given its brand name compared with those that would accrue if the same product does not have the brand name. Brands with high levels of equity are associated with outstanding performance including sustained price premiums, inelastic price sensitivity, high market shares, successful expansion into new categories, competitive cost structures and high profitability. Brand Value Creation: to explain the…

Brand-building is increasingly a collaborative effort not only related to brand marketers (Keller 2013). It is believed that customers are truly in charge of the brand, any new marketing strategies should be carried out from customers’ perspective. In other words, it is whether customers will accurately response to marketing activities and refresh their brand knowledge in the expected way that matters. For the future five years MYER’s brand management, proactive recommendations are designed to…

without saying that brand equity will rise as brand loyalty increases, brand name awareness increases, perceived quality increases, brand associations become stronger and the number of brand-related proprietary assets increase. The model also provides insight into the criteria that indicate to what degree actual value is created with both consumer and company due the pursued branding policy. David Aaker’s Brand Equity Model defines the five following brand equity components. 1. Brand…

that brand equity is also assets such as trademarks, patents and distribution channels that are associated with the brand. Scholars also related brand awareness to brand equity as one of its dimensions. Aaker (1991) first associates brand awareness with brand equity. In Aaker’s brand equity model (1991), five components are identified: brand loyalty, brand awareness, perceived quality, brand associations and other proprietary assets. Brand awareness is consumers' ability to identify the brand in…

(Esch, 2010: 22), which are designed by companies to identify their products (Kotler et al. 2009: 425). Aaker (1991:15), Brand Equity is ― “a set of brand assets and liabilities linked to a brand, its name and symbol, that add to or subtract from the value provided by a product or service to a firm and/or to that firm 's customers" (p.15). He defined five categories of brand assets that capture a mix of customer 's and the seller 's viewpoints: (1)brand loyalty, (2) brand awareness, (3)…

2.11 Brand Perceived quality Perceived quality is where the quality of the brand is seen by the consumers. It is one of the main element in the brand equity concepts. There is a link between price of the brand and knowledge of the quality of brand. A well recommended brand always has a high price. The high quality of brand become the sign of high price of brand to the consumers. The quality of brand always concerned with high associate for consumer buying a special brand. However, when the…

2.2 Brand Equity Model The original concept of brand equity (Aaker, 1992) has been viewed and developed into different directions: strategically and financially, where the brand value is regarded as an accounting tool, to stipulate the financial value the brand provides to a company (Keller, 1993). The motivation and original definition being: “A set of assets and liabilities linked to a brand, its name and symbol that adds to or subtracts from the value provided by a product or service to a…

marketing metric, and academic research on customer equity, customer (lifetime) value, and return on marketing is burgeoning (Blattberg and Deighton 1996; Rust et al. 2004b; Berger et al. 2006; Gupta et al. 2006) (as cited in Sander et al 2009). Marketers are now being held accountable for showing that expenditures add to shareholder value, which is directly…