Tag Archives: promotion

2019 Top Global Brands

What is a brand? Does a brand have a financial value? These are critical questions that drive the strategic marketing decisions of corporations around the world. In general, marketers define brand as the position that a company/product holds in the minds of the consumers. It follows then that if the brand holds a position in consumers’ minds, then it would definitely translate into a financial value for companies.

Each year, Interbrand does a financial analysis that seeks to define, in dollars, the value of a company’s brand – the result is the annual Best Global Brands ranking. In order to be included in the analysis the brand must be global – it must have successfully crossed geographic and cultural boundaries:

  • At least 30% of revenue must come from outside the brand’s home country.
  • It must have presence in at least three continents as well as broad geographic coverage in emerging markets.
  • There must be sufficient publicly available data on the brand’s financial performance.
  • Economic profit must be expected to be positive over the longer term, delivering a return above the brand’s operating and financing costs.
  • The brand must have a public profile and awareness above and beyond its own marketplace.

Interbrand’s brand valuation methodology seeks to determine, in customer and financial terms, the contribution of the brand to the company’s business results. There are three key components in the methodology for the valuations: analyses of the financial performance of the branded products or services, of the role the brand plays in the purchase decision, and of the competitive strength of the brand.

The results – well, see for yourself by viewing the interactive report: https://www.interbrand.com/best-brands/best-global-brands/2019

At the top of the list are Apple, Google, and Amazon; each brand is valued at more than $100 billion! And in honor of the list’s 20th year, there are 31 brands from 2000 that are still in the Top 100 today.

Which brands made your list?

Group Activities and Discussion Questions:

  1. Ask students to define “brand.” What is it? Does it have value to a company?
  2. Have students take out a piece of paper (or write answer on laptops). Ask them to choose what they thing are the top 10 most valuable brands in the world. Then show the top 10 list from the Global Brand report.
  3. Bring up the Web site: https://www.interbrand.com/best-brands/best-global-brands/2019/
  4. Show the video explaining the report: https://www.interbrand.com/best-brands/best-global-brands/methodology/
  5. Show students several of the sections within the site and view some of the videos as a class.
  6. Divide students into teams and assign each team an industry category to examine: automotive, apparel, beverage, electronics, energy, etc.
  7. Have each team present key findings from the industry sector they examined.
  8. How can these findings be applied in marketing strategies?

Source: Brandchannel.com, Interbrand.com

Leave a comment

Filed under Classroom Activities

Back-to-school Shopping includes Bulletproof Backpacks

By now most students have returned to school and many have new school supplies. You know the drill – it’s time to stock up on supplies such as pencils, laptops, notebooks, folders, and bulletproof backpacks. Wait – what? Bulletproof backpacks? Is that even a thing?

Unfortunately, yes, bulletproof backpacks have become a school accessory that helps to counter fears of school shootings. It’s not just parents who worry about mass shootings, students worry as well. According to Pew Research, nearly 60% of U.S. teenagers between 13 and 17 said they were “very” or “somewhat” worried that a shooting could happen on their campus. And when we have a fear, we also have a need to counteract that fear however we can. Thus, bulletproof backpacks whose sales have risen more than 200% after the latest school shooting.

These backpacks are not even a rarely-sold novelty, nor are they cheap. According to some companies that manufacture the $180 – $205 backpacks (along with inserts and other gear), many retailers have sold out over the year. The packs are of course sold at some specialty stores, but it may surprise you to find out that even Office Depot and OfficeMax have sold the product.

What are you using to carry school supplies?

Group Activities and Discussion Questions:

  1. Poll students as to what would be on back-to-school shopping lists.
  2. Show a video to explain the products: https://youtu.be/C5gsk-3hiIE
  3. Show product examples:
    1. https://premierbodyarmor.com/collections/school-safety?gclid=EAIaIQobChMI75n8mpSh5AIVj8DACh06bQBMEAAYAiAAEgLKNPD_BwE
    2. https://www.bulletblocker.com/bullet-proof-backpack-shield.html
  4. Discuss the importance of clearly defining a target market.
  5. For this product, what is the target market?
  6. Divide students into teams and have each team develop a profile of a target market for bulletproof backpacks. Include demographics, psychographics, behaviors, values, attitudes, etc.

Source: Smith, D. (8 August 2019). Bulletproof backpacks? Deadly shootings have parents adding to back-to-school list. Sacramento Bee.

 

Leave a comment

Filed under Classroom Activities

Naming a New Brand is Tricky!

How important is naming a new brand? It is absolutely critical – and also exceedingly difficult to accomplish. Marketers have to come up with a new name that represents the product’s value and attributes, AND be attractive to customers, AND it must not be taken by another company, AND is not too common a name, AND is not offensive to any population. Whew. No wonder so many companies use made-up words as brand names.

A recent case about the perils of naming a new brand was the ‘Kimono’ shapewear brand developed by celebrity icon Kim Kardashian West. Although the branding was rigorously researched, the ‘Kimono’ name was criticized globally as being offensive and profiting from a traditional clothing article that was a cultural symbol of Japanese heritage. The name had to go, along with the Kimono Web site, logo, labels, and more. More than two million garments will need to be relabeled so that no products are wasted.

The stakes are high for the new brand. The global women’s underwear industry is valued at approximately $83.3 billion and is still growing. It is also fragmented with new comers gaining market share at the expense of older more established brands. To her credit, Kardashian West listened to criticisms and has decided to change the name prior to releasing any product. (The new name has not yet been announced.)

What’s in a name? Everything!

Group Activities and Discussion Questions:

  1. Poll students about their viewpoints on the Kimono name. Do they agree with the decision to change the name?
  2. Discuss competition: Who are the direct competitors for this product? Indirect competitors?
  3. For ‘Kimono’ put students into teams and have each team build a SWOT analysis.
    1. Strengths: What is the company good at?
    2. Weaknesses: What needs work?
    3. Opportunities: What is going on in the marketplace that is positive?
    4. Threats: What factors should the company be wary of?
  4. Put students into teams. Have each team develop a new name for the Kimono brand.
  5. Post the names on the board and vote on a winner.

Source: Wall Street Journal, New York Times, Fast Company, other news sources

Leave a comment

Filed under Classroom Activities