Brand Asset Valuator
Brand Asset Valuator
Brand Asset Consulting - Young & Rubicam Brands
measuring brands since 1993
over 35,000 brands
500,000 respondents
46 countries
Brand Asset Valuator
measures brands independent of category
explain how brands are built
captures dynamic movement by mapping patterns and trends of growth, decay and recovery
relates brand metrics with financial performance
Four Key Pillars: The Sequence of Brand Development
1st Key Pillar
Differentiation = brands potential to create a sustainable competitive advantage
is about innovation ability to stand out in the marketplace pricing power
Differentiation is the engine of the brand train
2nd Key Pillar
Relevance = brands ability to be personally meaningful
Leads to serious consideration and trial
Is highly correlated to household penetration
3rd Key Pillar Esteem = the extent to which a consumer like and respect a brand
It captures loyalty and how well a brand fulfills its promise
4th Key PillarKnowledge = the level of intimacy a consumer has with the brand
Is highly correlated with top of mind awareness & brand saliency
1. Differentiation builds uniqueness + pricing power 2. Relevance builds consideration + trial 3. Esteem builds loyalty 4. Knowledge builds awarenessFour Key Pillars: The Sequence of Brand Development
Pillar Relationships
Brand has captured attention and interest and now has the power to build Relevance and penetration
This type of brand has more creativity than functionality
Uniqueness has faded, price or convenience is the dominant reason to buy
It may also be more rational than creative
High levels of Differentiation and Relevance demonstrate that the brand stands out to consumers in a meaningful way
It is a leader commanding high margins, loyalty and volume
Pillar Relationships
A brand it is liked but not well-known
Consumers are curious to find out more
There is growth potential in this brand
Too much knowledge can be a bad thing
The brand has become too familiar, and consumers are not interested in knowing it better
Consumers are probably looking for better options
High levels of Esteem and Knowledge demonstrate that the brand it has successfully established itself in the hearts and minds of consumers
PowerGrid of Brand Lifecycle
New, Unfocused or UnknownA brand is either unfocused or newly developingA distinct brand vision must be defined
Niche/ Unrealized potential Brands with unrealized potential or specialty/niche brandsThese brands are healthy with the potential to expand
Leadership These brands must continually strive to reinforce their point of differentiation to remain above the diagonal
Mass marketThese brands have become less innovative and different in the eyes of consumersDeveloping new brand offerings that consumers are eager to try will be key to becoming a leadership brand
Commodity or ErodedDeclining and eroding brandsThese brands must strive to disrupt and redefine past consumer perceptions
BAV Model
Pentru varianta demo a instrumentului accesati:
www.bavconsulting.com
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