
Renowned brand expert, marketing professor and author Kevin Lane Keller has distilled strategic brand planning into three complementary models that grow in scale and scope as they progress.
These models help in developing brand strategies and business marketing ideas. Keller's extensive research into the understanding of consumer behaviour has improved the way many companies apply their marketing strategies and the way they build, measure and manage brand equity.
Like a set of Russian nesting dolls - the three models are interlinked and build on each other. The first is a component of the second and the second of the third. Keller sets out his three interconnected models for strategic brand planning to establish a unique brand positioning, create intense and actively loyal relationships with your customers and to allow you to better understand the financial impact of marketing expenditure and investment in an eBook entitled Brand Planning.
Brand Positioning Model
The first model is the brand positioning model. Positioning is defining your offering and image so that it occupies a distinctive placement in the minds of the target market.
Within the positioning model there are four distinct components which should be considered to create superior competitive positioning for your brand. These can be summarised as follows:
Brand Resonance Model
The second model is about creating loyal relationships with your customers. This model builds on the brand positioning model, and also includes four steps which should be followed in sequence. Brand resonance refers to the relationship and extent to which your customers feel that they connect and have a relationship with your brand.
Think about the following steps carefully and how you would build on each sequentially to build a strong brand resonance with your customers.
These are the stages of brand development - and the objectives at each stage are different starting with deep and broad brand awareness ending with intense, active and loyal relationships.
Brand Value Chain Model
The third and final model is the brand value chain model that describes how to trace the value creation process in order to better understand the financial impact of marketing costs and investments.
At its core this model assumes that the value of a brand lies with its customers. Based on this, brand value creation starts with a company investing in marketing to real or potential customers. This marketing activity in turn affects the customer’s mindset with regard to the brand, when this mindset is multiplied across a group of customers this results in certain outcomes for the brand in terms of its performance. In this way - the investment in marketing can be assessed.
Naturally this model also assumes that there a number of linking factors between each of the stages. These links determine the extent to which the value created at a preceding stage is transferred (or multiplied) to the next stage.
When these three models are combined, they provide crucial micro and macro perspectives that are required for brand building. This enables marketers to create brand strategies that maximise profits and long-term brand equity, while being able to track their progress as they implement these strategies.
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