SPE 315M Lecture Outlines
Lecture Outline for February 29,2000
Networks and Stories
I. What is a brand
A. A brand is a COVENANT with the customer
B. The mere mention of a brand should trigger a series of expectations - not only about the product itself, but also about "what it would do" and what "it would never do"
--Brands are Managed
C. A strong brand creates a relationship with the customer that is unique and relevant
D. Brands help consumers make choices in an increasingly cluttered environment.
E. A successful brand is more than a monetary transaction - it is about experience - a mindset.
F. "Power Brands" have one thing in common - they have all separated from the pack by tightly controlling and carefully exploiting their brand equity.
II. How do you build a strong brand
A. Provide a unique point of differentiation.
B. Deliver superior execution of desired benefits
C. Maintain innovation and relevance - remain compelling!
D. The goal is not to simply deliver a product that the consumer "likes" - but to deliver a MINDSET - feelings they want to feel, when they want to feel them.
E. Brands need to be consistent - EVERYTHING COMMUNICATES - so everything needs to be aligned with the belief system of that brand.
III. What is a Brand Bank
A. Because a successful brand is a successful relationship, wethink about brands as if they were banks.
III. Personal Branding
A. We are all viewed as "individual" or "personal" brands that impact our ability to
--establich relationships
--get jobs we want
--hook-up at bars
B. So how do we hook up at bars...errr, manage our personal brand equity?
--get on message
--a core brand essence-capitalize on who you are
C. Discipline and Consistency
--stay on message
--learn to be still
D. Be Relevant and Compelling
E. Understand and use permission marketing
--interuption vs. permission
--identify points of parity/ points of difference
--identify comm. and comm. platforms that are compelling and relevant to your audience.
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