BM Course Outline 2012-14 (1)
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Transcript of BM Course Outline 2012-14 (1)
Module Name: Brand ManagementCourse Code: Block: 1Credit: 1Maximum Marks: 30
Module Prepared by:
1. Dr Neha Chibber
Module plan Discussion Date: July 1st, 2013
Members Present: Ranjani Matta, Anupama Parashar, Rajkumari Mittal, Saima Rizvi, Shivani Khurana, Pragya Sonawane, Ruchi Shah
Comments: The course was appreciated as it has caselets giving an in-sight into the concepts. This time the assessment would be based on End Term Exam and Ad-mad competition.
Final Submission Date: July 8th, 2013
Module Approved by:
Area Chair:
1. Ms Ranjani Matta ___________________________
2. Dr Pragya Sonawane ___________________________
3. Ms. Ruchi Shah ___________________________
4. Ms.Rajkumari Mittal ___________________________
5. Dr Anupama Prashar ____________________________
Dean:
1
Director:
IILM Institute for Higher Education
Course Manual
Brand Management
PGP 2012-14
Sectors Job Profiles in this sector
FMCG, Consumer Durables (CD)
and Consumer Semi-Durables
(CSD) categories of industries.
Brand Manager
Brand Coordinator
Product Manager
Brand Custodians
Marketing Managers
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Course Overview
“If this company were to split up, I would give you the property, plant and equipment and I
would take the brands and the trademarks and I would be far better off than you.”
John Stuart
Ex-Chairman of Quaker Oats
A brand encapsulates an organization’s entire marketing effort on behalf of a product or ser-
vice. A strong brand is important as the battle for customers intensifies day by day. Compan-
ies spend enormous sums to design, launch, recreate and manage a brand. Brand managers
are the focal point of various activities – advertising & sales promotions, market research,
sales, distribution, purchase, pricing, R &D and strategy etc.
Keeping the above in view, the main objective of this course is to give students, a funda-
mental understanding and knowledge of building, measuring analysing and managing brand
categories for a company.
Learning Outcomes:
The objective of the course is to help you to understand:
1) Why do Brands matter – We will dig deep and understand as to why are brands im-
portant, what functions do they perform and why are they so valuable to marketers.
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2) Tools for measuring brand – We will examine the brand equity concept and introduce
the customer based brand equity concept. Also understand the financial implications
of a brand for a firm.
3) How to build strong brands – Discuss the concept of brand positioning and How to in-
tegrate marketing communications to build a strong brand.
4) Impact of brand equity on product line and firm performance, evaluating opportun-
ities for extending brands, and repositioning existing brands
5) Strategies to manage brands over time – How to reinforce and revitalise brands over
time.
These topics are explored in a variety of brand contexts. The course uses a combina-
tion of case analyses, projects and lectures, allowing students to develop their reper-
toire of marketing decision skills.
2. Introduction to the Tutors:
2.1 Area ChairName- Ruchi ShahPhone Number- 0124 6675721Email ID- [email protected] Location- Cabin 49, 1st Floor Gurgaon Campus
2.2 Tutor
Dr Neha Chibber
Pre Requisites
It is essential that the student has a thorough understanding of concepts from Marketing
Management.
Books and References:
Strategic Brand Management by Kevin Lane Keller
David Aakar- “Managing Brand Equity” Free Press
Supplementary Text:
Philip Kotler, Readings in marketing management.
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Subroto Sengupta, Brand positioning – Strategies for competitive Advantage.
Kapferer Noel Jean (KNJ), Strategic Brand Management
Sengupta S., Brand Positioning
Session Plan
Session Topic Chapter/activity
1 What is a brand and why do they matter. Keller, Chs 1
2 Case discussion - Amul Presentation of analysis
3 How to identify and establish brand positioning
and values
Keller , Chs 2 & 3
4 Case discussion – Lifebuoy & Dettol Presentation of analysis
5 Choosing brand elements and designing
marketing programs to build brand equity
Keller , Chs 4,5
6 Case discussion – Nike Presentation of analysis
7 Integrating marketing communications to build
brand equity
Keller , Chs 6,7
8 Case discussion – Maggie 2 minute noodles Presentation of analysis
9 Measuring Brand Equity -1 Keller, Chs 8
10 Case Discussion – Indian Premier League Presentation of analysis
11 Measuring Brand Equity -2 Keller, Chs 9,10
12 Guest Lecture Presentation of analysis
13 Brand extensions, co-branding and brand
architecture
Keller, Chs 11,12
14 Case discussion – Apple Presentation of analysis
15 Managing Brands over time Keller, Chs 13
16 Case discussion – Vodafone and Airtel Presentation of analysis
17 Global Brands Keller Ch 14
18 Case discussion – McDonalds Presentation of analysis
19 Private Labels and Generics Keller Ch 15
20 Closing Observations and review Keller Ch 15
5
21 Ad Mad
22 Ad Mad continues
23 End Term Exam
24 End Term Exam
SESSION DETAILS
Session 1
What is a brand and why do they matter?
We will discuss the concept of brands and why are they so important for both consumers
and firm. The class will explore the important issues in planning, implementing and
evaluating brand strategies and discuss appropriate concepts, theories, models, and other
tools to make better branding decisions.
Reference Reading:
Chapter 1, Strategic Brand Management Kellers
Aaker, David Building strong brands
Learning Outcome:
The first class will give the students an introduction to the concept of branding. They would
be able to answer the questions like what is a brand and why do brands matter? They would
also learn the challenges and opportunities in branding.
Session 2
Case discussion - Amul
Two groups will analyse the growth of Amul brand and present answer to following
questions:
1) Evaluate the growth of Amul brand
2) Before the introduction of Amul brand, most people considered milk and butter as
commodities. How did Amul brand these commodities and who were its initial
competitors.
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3) How did Amul brand differentiate itself?
4) How has the situation changed with respect to recent competition
Reference Reading:
Chapter 1, Strategic Brand Management Kellers
Aaker, David Building strong brands
Learning Outcome:
After this session students will gain knowledge about how simple commodities and be
converted to brands and how stronger brands can be built over a period time through apt
marketing strategies.
Session 3
How to identify and establish brand positioning and values
We will explore the concept of brand equity and how to identify and establish an effective
brand positioning. We will discuss the customer based brand equity model in detail and
discus some of the main implications of this model. We will also discuss the advantages of
creating a strong brand.
Reference Reading:
Keller , Chs 2 & 3
Ries, Al & Laura (2004): The origin of brands, Harper Business
Learning Outcome:
After this session students will gain an insight on how Customer based brand equity is the
differential effect that brand knowledge has on consumer response to marketing of that
brand. Also the students will learn the principles of identifying and establishing brand
positioning.
Session 4
Case – Lifebuoy and Dettol
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1) Evaluate the positioning of each brand
2) Who are their target markets
3) What are their main points of parity and points of difference?
4) Have they defined their positioning correctly? How might it be improved?
Reference Reading:
Keller, Chs 2 & 3
Ries, Al & Laura (2004): The origin of brands, Harper Business
Learning Outcome: This session will help students understand how brands are positioned
differently to tap the mind space of consumers.
Session 5
Choosing brand elements and designing marketing programs to build brand equity
In this session we will discuss how marketing activities in general and product, pricing and
distribution strategies in particular – build brand equity. How can marketers integrate these
activities to enhance brand awareness, improve the brand image, elicit positive brand
response, and increase brand resonance.
Reference Reading:
Keller , Chs 4,5
Learning Outcome: This session will help students understand on how brand can be
effectively integrated into the marketing program to create brand equity. It will also help
students understand on how a marketer should select the various brand elements to
enhance brand awareness.
Session 6
Case – Nike
1) Identify all its brand elements
2) Assess the ability of brand elements to contribute to brand equity.
3) Do a brand elements comparative analysis of Nike and its competitors.
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4) Identify five more brands which have mixed and matched their brand elements
effectively to enhance brand awareness
Reference Reading:
Keller , Chs 4,5
Learning Outcome: This session will enable the students to understand the importance of
brand elements and how they need to be mixed and matched effectively to enhance brand
awareness.
Session 7
Integrating marketing communications to build brand equity
Marketing communications are the means by which firms attempt to inform, persuade, and
remind consumers directly or indirectly about the brand they sell. In this session we will
discuss the common marketing communication options for the consumer market.
Reference Reading:
Keller Ch-6,7
Learning Outcome: At the end of the session, the students will have an understanding of the
various marketing communication channels which can be used to inform the consumers
about a particular product.
Session 8
Case – Maggie 2 minute noodles
1) What are the mediums of marketing communication used by Maggi
2) Evaluate their print ads and TV commercial.
3) Evaluate the use of internet, specifically social media efforts in promoting Maggi
4) What were the sale and consumer promotion activities that have been used
effectively?
9
Reference Reading:
Keller Ch-6,7
Learning Outcome:
The session will help students understand on how marketing communications can be
integrated to enhance brand equity. Different communication options have different
strengths and can accomplish different objectives.
Session 9
Measuring brand equity 1
We take a detailed look at what consumers know and feel about and act toward brands and
how marketers can develop measurement procedures to assess how well their brands are
doing.
Reference Reading:
Keller, Chs 8
Aaker David A – Managing Brand Equity
Learning Outcome: Students will understand how brand equity or value gets created. How
marketers can trace the value creation process for their brands to better understand the
financial impact of their marketing expenditures and investments.
Session 10
Case - Indian Premier League (IPL)
1) Pick an IPL team and identify sources of its brand equity.
2) What does a team contribute to the branding of a player and what does a player
contribute to the branding of a team.
3) Contrast the situations of a new player versus and established player and a new team
versus an established team.
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4) What marketing advice would you give a new player in choosing a team and what advice
would you give an expansion team in picking players.
Reference Reading:
Keller, Chs 8
Aaker David A – Managing Brand Equity
Learning Outcome: Students will learn how different aspects of brand awareness and brand
image can lead to differential customer response making up brand equity. How we can
isolate perceptions and assess them in greater detail.
Session 11
Measuring Brand Equity -2
Taking the discussion of session 9 forward, we will discuss the ways to measure the benefits
or outcomes of brand equity. We will also discuss the general guidelines for creating and
detecting ROI from branding activities.
Reference Reading:
Keller, Chs 9, 10
Aaker David A – Managing Brand Equity
Learning Outcome: Students will understand the importance of using multiple measures and
research methods to capture the richness and complexity of brand equity. Also how as
marketers they can maximize the potential value of a brand according to the type and nature
of their marketing activities.
Session 12
Guest Lecture
A brand manager will be invited to give a lecture to students on the practical aspects of a
brand and what all entails the job of a brand manager.
Session 13
11
Brand extensions, co-branding and brand architecture
We will consider issues related to branding strategies and how to maximize branding equity
across all the different brands and products the firm might sell.
Reference Reading:
Keller, Chs 11,12
Learning Outcome: A key aspect of managing brand equity is the proper branding strategy.
Students will understand how they should develop a branding strategy for a firm and which
brand elements can be applied across the various products that the firm sells.
Session 14
Case – Apple
1) The branding of i by Apple as in iMac, iPhone, iPod etc has been hugely successful.
How important is ‘i’ to Apple’s branding effort.
2) Report other examples from other industries, where individual letters have been
branded.
3) Does the iPhone come with any inherited brand equity or does it have to build brand
equity from scratch.
4) Why are people ready to shell out $100 from a company with no previous experience
in the industry?
Reference Reading:
Keller, Chs 11,12
Learning Outcome: Students will understand why firms link any one brand element to
multiple products? They will also get an understanding of the principle of commonality
which states that the more common brand elements products share, the stronger the
linkages between the products.
Session 15
Managing brands over time
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Marketing environment will continue to evolve and change, often in very significant ways.
Shifts in consumer behaviour, competitive strategies, government regulations, and other
aspects of the marketing environment can profoundly affect the fortunes of a brand.
Reference Reading:
Keller, Chs 13
Learning Outcome: Students will understand why marketers must actively manage brand
equity over time by reinforcing the brand meaning and if necessary by making adjustments
to the marketing program to identify new sources of brand equity.
Session 16
Case – Airtel and Vodafone
1) Investigate the branding strategies of these companies
2) How is each positioned
3) Investigate the re branding strategies of both the brands
4) To what extent are these two mobile service brands differentiated? How is
differentiation achieved in this business?
Reference Reading:
Keller, Chs 13
Learning Outcome: Students will understand why brands go through rebranding and
different possible brand revitalization strategies that can be adopted to maintain and grow
the brand equity.
Session 17
Global Brands
We will look into the brand management issues over regional, demographic and cultural
market segments. We will also consider the broader issues in developing a global brand
strategy and look at the some of the pros and cons of developing a standard global
marketing program.
13
Reference Reading:
Keller, Chs 14
Learning Outcome: Students will understand the specific and strategic and tactical issues in
building global consumer based brand equity. They will also get an insight into the
international issues of global branding strategies
Session 18
Case – McDonalds
1) Assess the extent to which the brand is marketed on a standardized versus
customized basis.
2) In Indian context how has Mc Donald adopted the “Think global act local” policy.
3) Contrast Coca-Cola’s and McDonald’s global branding strategies. How are they
similar and how are they different? Why they are so well respected?
Reference Reading:
Keller, Chs 14
Learning Outcome: Students will understand the advantages and disadvantages of a global
marketing strategy. How companies have successfully blended standardisation and
customisation.
Session 19 & 20
Closing Observations
We will review the CBBE framework, highlight and summarize success factors for branding .
We also discuss the threat that a firm faces from private label brands and generics.
Reference Reading:
Keller, Chs 15
14
Learning Outcome: Students will be able to revise the various branding concepts that were
covered in the previous sessions. Each branding situation is unique and requires careful
scrutiny and analysis of how best to apply to various recommendations and guidelines that
we covered in the previous sessions.
Session 21 & 22
Ad Mad Competition
Session 23 & 24
End Term Exam
Assessments:
S.No Parameter Weightage
1 Ad Mad (team based) 50%
2 End Term 50%
Ad mad:
Students are required to form a group of 5. Each group will be allotted a product. The group
has to brand the product and work out on an advertisement around that.
Ad Mad ASSESSMENT RUBRICS
S No Criteria Marks
1 Brand name decided by the group
(group marks)
5
2 Content of ad (group marks) 5
3 The quality of delivery of student
(individual marks)
5
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