Yes, a single word that transformed big, small and
mid-sized business to global brands. One of the important reasons for this
increased demand might be sudden recessions that corrupt any time. Major brand
also face this challenge to retain their goodwill in the market. All they try
to do is to have more focus on creativity and people-centric communication.
Thus, the brand managers and marketers have to pull up
their sock and dig deep into the ground and deliver the right blend of brand
promise and honest communication. This is far exciting when you drive a family
of brands across different nations. To become global is the dream, of many
companies irrespective of big and small. However, it also brings in the
challenge of harmonizing brand with people.
It is more apparent in the case of acquisition where
the human factor and prejudices have a strong and interpretive role to play.
This is a strong hindrance in the path of communicating brand promise, vision
mission and core values across various business and thus create confusion among
the stakeholders.
Marketers and Their Role in Facing Brand Challenges
Marketer’s and their job role are the most challenging
one itself. The complexities they face in the market every day are different
from the earlier times. Market now opens up with competition from different
brands. A brand faces stiff competition from both local and foreign brands as
well as generic products.
How Do Marketers Will Handle This Situation?
• Research a
lot, do more brainstorming, develop and maintain an online presence of brands.
Thus, you can establish a strong brand communication to major prospects.
• Look and see
what are your mission and goals. Create a compelling message from it and
promote your brand for long-term sustainability.
• Ann Handley
of MarketingProfs says ‘Serving Is the New Selling’. Volunteer yourself, give
time to your customers, have a share on their opinion about your brand through
the visible social channels.
• Brand logo
and images are central to the brand. Logo and its color, image or design hold a
key position as consumers often recalls it. Good brand management means
strengthening and re-affirming the brand images to customers. If you make a
slight change in the brand logo, its color or image, the consumer loyalty gets
affected influencing buying decision. Since, the consumer has a pleasant or
unpleasant experience with a particular brand, so the consumer’s perception
forms a large part of the brand management.
With changes in technology, the expectations of the
customers amplify. Consumers expect trendier, stylish and modern brand images
moving with the current trends. The brand images need to get modifications to
suit the latest trends and reach out to customers. The logos must retain the
elements of the old brand components yet have the trendiest look.
• There is yet
another change that has turned out to be a major challenge in - communication,
publishing, electronic media, advertising and brand promotion. Now you have to
be more personalized and customers while advertising products to customers. One
hand consumers have become fragmented thus brand communicates to them in an
individual manner. On the other hand, consumer expectations have changed. The
customers of today have better access to electronic media compared to older
days. They can compare brands and arrive at a decision with rationalizing
thoughts. Brand communication is responsible to influence the buyer’s process
and position.
For such buyers, brands have access to social media,
and thus one can have easy access to prospective buyers. Through social media, brands can share
question and voice their opinions. Social media is exciting yet challenging for
brand managers when it comes to
positioning their brands, engage customers and build loyal communities.
Here, we have discussed the major challenges to brand
communication, and how brand should handle those situations. If you know about
other challenges, share with us through your valuable comment.
Author's Bio: Moumita Dasgupta, a financial blogger and the owner of bizandfiz, shares her knowledge and expertise of various financial topics. A clear view on market, business, Forex, funds, personal finances etc. are the subjects she perfectly underlines through her articles. Find Moumita on Google+
Author's Bio: Moumita Dasgupta, a financial blogger and the owner of bizandfiz, shares her knowledge and expertise of various financial topics. A clear view on market, business, Forex, funds, personal finances etc. are the subjects she perfectly underlines through her articles. Find Moumita on Google+
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