Here you can find out what is meant by the end of a Mark Hung on the goal of one mark the end of Hung and what the prerequisites for successful brand extension - according to the relevant literature - and greatly simplifies final in their own words - is.
I did two years ago, something deeper and something about busy and put together. Here's an excerpt.
From the textbook: definition and purpose of a brand extension:
Under a brand extension of the process is understood, is specifically used in which the values of an established brand for new products by using a common name. The aim of the brand extension is to use the already established positive associations and expectations among consumers and capitalize on the associated preferences in new products. It is an attempt to obtain a positive image transfer to a brand new brand.
The elongation of a brand is particularly useful when positioning an existing brand, not the speech of certain customer segments allows. Another great advantage of the brand extension in comparison to the introduction of Neumark is the ratio of advertising expenses to sales units (see the brand management strategy and technology by Franz-Rudolf Esch, 2004 edition, pages 269 and 283).

Prerequisites for successful brand extension:
The most important prerequisite for the success of this implementation is that the new product fits the traditional label (see Marketing: A management-oriented introduction Esch, Hermann, Sattler, 2006 edition, page 208). Because the further you get away from the core competencies, the higher the risk that the brand values of the traditional label no longer transferable to the new products are. In the case of the new brand would not "jump start" experience through awareness and confidence of the old brand. Anticipated synergies would ultimately fail.
Also, make sure that companies in haste and not stretch too many brands, as this creates the risk that water down by the rapidly rising level of diversification of the company's brand image of the stretched and damage. A strong dilution of the parent brand image can thus also add to the core products and negative associations with the company thus inflict lasting damage.
A further a condition of a successful brand extension is that the master brand must be strong enough. If it has too low brand awareness and a weak image, it is not possible to transfer a clear memory contents to the extension product.
The fourth condition is that the synergy effects misjudges or overestimated, and thus occurs to a deficit in communication for the successful application of the new brand.
The transfer potential of a brand is all the greater, the closer to the original brand or product category and the extension product category in emotional perception and technological areas to each other.
So, what does this mean in German:
I'll do once the explanatory Bear and the explanatory easiest (and simplified) with a diagram. Read the rest of this entry »





















