THE RISK OF BRAND EXTENSION AND PRECAUTIONS AGAINST IT
Ling Jiang
Abstract
Ling Jiang
Abstract
Brand extension is an important means by which corporation directly gain profits and endlessly accumulate and expand their brand assets. While it brings about huge profits to the enterprise, brand extension also contains great risk. Starting from an analysis of the meanings of brand extension, this paper focuses on the potential risk of brand extension for the enterprise and puts forward some key factors to be considered in the process of carrying out the brand extension policy.
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Brand extension is an important means by which corporation directly gain profits and endlessly accumulate and expand their brand assets. While it brings about huge profits to the enterprise, brand extension also contains great risk. Starting from an analysis of the meanings of brand extension, this paper focuses on the potential risk of brand extension for the enterprise and puts forward some key factors to be considered in the process of carrying out the brand extension policy.
Key concepts: Brand extension, Extension (predicate logic), Business, Brand management, Corporation, Brand awareness, Key (lock), Advertising