A brand is forever!a framework for revitalizing declining and dead brands

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A Brand is

Transcript of A brand is forever!a framework for revitalizing declining and dead brands

Page 1: A brand is forever!a framework for revitalizing declining and dead brands

A Brand is

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Decline AndDeathOf Brands -

Power of a brand lies in its equity with its consumers.

Brand equity may decline with passage of time leading

to a brand’s demise.

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1.Generative force ( Managerial Actions) –

E.G.- SUNFILL.

A) Product quality-

Compromised product quality for low costs .

Short term advantage.

Brand loyalty impacted in long term and brand declines.

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D) Brand neglecting –

Vimal Suiting’s a credible brandwas neglected by Reliance as it was seen as a healthy brand.This led to its demise.

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E) Inability to stay with the target market –

Godrej’s JUMPIN juice failed toconnect with the audience.

The consumers found the other products more attractive.

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E.G.- Maltova drinks

MALTOVA drinks, once touted as a good brand

could not change much and was eventually

overtaken by ever changing health drinks

brands like BOOST, HORLICKS, etc.

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Revitalization of brands –

In order to revitalize a dead brand managersshould follow the following guidelines.

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4) Correct mismanagement of the brand –

As previously mentioned, managerial actions are probably the most common cause of brand decline.

Following are three ways to address some consistent themes that have emerged in declining brands.

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Created by Yash Shah, Sardar Patel College Of Engineering, During an internship with Prof Sameer Mathur, IIM Lucknow.

www.IIMInternship.com