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Tuesday, December 18, 2012

Building a Powerful Brand

Overview

Keller's Brand Equity Model is also known as the Customer-Based Brand Equity (CBBE) Model. Kevin Lane Keller, a marketing professor at the Tuck School of Business at Dartmouth College, developed the model and published it in his widely used textbook, "Strategic Brand Management."
The concept behind the Brand Equity Model is simple: in order to build a strong brand, you must shape how customers think and feel about your product. You have to build the right type of experiences around your brand, so that customers have specific, positive thoughts, feelings, beliefs, opinions, and perceptions about it.
When you have strong brand equity, your customers will buy more from you, they'll recommend you to other people, they're more loyal, and you're less likely to lose them to competitors.
The model, seen in Figure 1, illustrates the four steps that you need to follow to build strong brand equity.
Figure 1 – Keller's Brand Equity Model
The Customer-Based Brand Equity Model
The four steps of the pyramid represent four fundamental questions that your customers will ask – often subconsciously – about your brand.
The four steps contain six building blocks that must be in place for you to reach the top of the pyramid, and to develop a successful brand.

Applying the Model

Let's look at each step and building block in detail, and discuss how you can apply the framework and strengthen your brand..

http://www.mindtools.com/pages/article/keller-brand-equity-model.htm#np


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