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BRAND BUILDING Building Your Brand For Enduring Value By Dr. Catherine Ngahu Brand Building Brand management is viewed as one of the most significant capabilities in marketing. Building a brand is a fundamental aspect in the product or service marketing strategy. The main objective of brand building is to inspire a positive image in the customer’s minds in order to enhance long term profitability. Some brand oriented companies choose to focus purely on brand building and subcontract everything else. Value of visual brand symbols Most brands are identified not just by the name, but also by a visual symbol or logo. Visuals play an important role in enhancing brand recognition and recall. Distinctive visual imagery adds value by increasing memorability. Brand image is the perception of the brand held in consumer’s minds. It relates to the mental associations, beliefs and attitudes that consumers have about the brand. It encompasses the memories, myths, emotions and feelings associated with the brand. A logo is an important visual brand element that plays a crucial role in consolidation of brand image. Many times the logo is all one needs to see. Think of the Facebook and Twitter logos. The Mercedes-Benz emblem and Toyota logo are other good examples - you do not need to see the brand name. In imagery research, we frequently use these logos as mind triggers because of their high recognition rating. A brand may be characterized as the name, trademark, or logo used to identify and differentiate the products and services of a particular company. Distinctiveness is of great importance in branding as it helps a brand stand out in the marketplace allowing it to hold sway in the minds of consumers. One of the most memorable advertisements for me is a Mercedes Benz print ad that was run in the dailies and magazines several years ago. It was a full page ad that showed the Mercedes Benz emblem in the center of the page while the statement below it pronounced ‘Enough said’. Further down, the advertiser The main objective of brand building is to inspire a positive image in the custom- er’s minds in order to enhance long term profitability. Some brand oriented com- panies choose to focus purely on brand building and subcontract everything else. 44 MAL34/20 ISSUE outlined in very small print all the things you could say about Mercedes-Benz vehicles. It then concluded that: “further talk is unnecessary, because it’s your car that will do the talking!” And it does. Apart from the abstract symbols highlighted above, logos come in numerous and varied forms including corporate names that are written in distinct forms such as Google, Coca- Cola, Gillette and Britam; or combination of name and symbol such as Co-op Bank, EABL, AAR, Safaricom, Equity and Brand Kenya; or name and pictorial representations like the University of Nairobi, KCB, Kenya Revenue Authority, Kenya National Highways Authority, Pilsner and Tusker. Logos are important because they tend to attain intrinsic meanings and associations that can stick in the target consumer’s mind over time and support brand loyalty. Brand as a promise As a whole a brand represents the company’s promise to the customers that it will consistently meet specific standards in terms of features, benefits, and services. It would be extremely hard to build customer loyalty without a clear and distinct brand identity. For example the Mercedes brand promises to consistently deliver ‘the best or nothing’. This is conveyed through high quality, style, reliability, safety, exceptional engineering and supreme after sales service. Those who buy it are willing to pay a premium price for what it represents