This PPT slide, part of the 31-slide Brand Asset Valuator (BAV) PowerPoint presentation, presents a framework for understanding the relationship between esteem, differentiation, and brand knowledge in the context of brand building. It emphasizes that esteem is a critical stage that follows the establishment of differentiation and relevance. This indicates that a brand must first distinguish itself in the marketplace before it can gain consumer esteem.
Esteem is defined as the consumer's reaction to a marketer's efforts, driven by 2 primary factors: perceptions of quality and popularity. These perceptions are not uniform; they vary significantly across different countries and cultures. Therefore, a brand must actively manage these perceptions to foster a positive image among its target audience.
The slide also highlights that achieving high esteem is not merely about being recognized; it requires a brand to resonate with consumers on a deeper level. When a brand successfully differentiates itself and is perceived positively, it can elevate its status to one of high esteem. This status is a precursor to brand knowledge, which is described as the ultimate goal of brand building.
Knowledge encompasses consumer awareness of the brand and an understanding of what it represents. It is crucial to note that knowledge cannot be bought through advertising alone; it must be earned through consistent brand messaging and value delivery. A weak brand concept will not translate into knowledge, regardless of the marketing spend. This insight underscores the importance of a strong foundational brand strategy that prioritizes genuine consumer engagement over superficial visibility.
This slide is part of the Brand Asset Valuator (BAV) PowerPoint presentation.
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