Old vs New
Sarah West Hixson
Created on November 5, 2024
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Transcript
Old World vs. New World
NOT controlled by the Brand
Controlled by the Brand
Symbolism
Experiences
Consistency
Distinctive Elements
Physical
Digital
Metrics (KPI)
Omni-Channel
Course Objectives
Today's Focus
Strategies
Products
Consumers
Fashion Brand Management Map
Finally! A branding definition Revisiting waves Old and new origins Old and new approaches Vote!
From both sides now
You
New World
Old World
Merriam-Webster
Etymology
Branding Defined
Present (2000-now)
Relationship Marketing (1980-2000)
Mass Marketing (1945-1980)
A refresher
Industrial Revolution (1850-1945)
Waves of Retail
Resulting Theory
Remember the 4 waves: Why did branding start?How has it changed?How did that impact these elements?
Stand Above
I want my MTV
Stand apart
Old World
Resulting Theory
What are the biggest impacts that SHOULD change how branding works?
Lazier Consumers
Technology
Smarter Consumers
New World
Remember these?Maybe?
4 Ps vs 4 Es
Old vs New
That's the old world view, this is the new world view:
Physical Availability
Brand Salience
Brand Equity
Brand Loyalty
Brand Equity
Brand Awareness
Brand Identity
How do we judge success?
Brand Image
When Do We Know Branding Worked?
Old vs New
Old vs New
Old vs New
Happy Election Day - this was literally an accident
The Vote!
Mid-term due @ 11:59 PM Brand Manager Notices going out tonight - how will this work? KPI on Thursday and Hiring Starts Final Project 1 week from today!
Reminders
We're Busy and We Don't Care
The father of modern marketing
"A name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors"
Philip Kotler
Not Just Websites Anymore!
- Identify basic terminologies and concepts in fashion branding and marketing
- Explain the importance of brand experience in establishing brand equity and salience
- Comprehend different types of brand strategies and their key benefits and costs
- Identify the characteristics of highly effective brand communication
- Explore the future of digital brand communication in the light of constant changes in the retail environment
- Develop a successful fashion brand omnichannel launch strategy designed to enhance sales and profits
Course Objectives
Mass Marketing
- Brand (noun):
- A burnt piece of wood or something that looks like it, like lightning.
- A sword.
- A mark made by burning:
- To show who made something or its quality.
- A symbol, like a trademark.
- A mark put on criminals or a sign of shame (e.g., poverty).
- A type of product made by a specific company.
- A unique style or kind (e.g., a brand of theater).
- A brand name or public image that can be promoted (e.g., a celebrity's brand).
- A tool used to create a brand mark.
- Brand (verb):
- To mark something with a brand
- To label someone negatively
- To make something unforgettable
A noun & verb
How do you define it?
Matters the Most
Old World
Relationship Marketing
New World
Industrial Revolution
Nutrition, Healthcare, Education
A special symbol burnt into wood and livestock to demarcate who owned what
Brandr
The subject of many Linkedin articles
"Rather than striving for meaningful, perceived differentiation, marketers should seek meaningless distinctiveness. Branding lasts, differentiation doesn't."
Byron Sharp