Brand Equity as an Evolutionary Process
Geoffrey L. Gordon, Anthony Di Benedetto, Roger J. Calantone
Abstract
Geoffrey L. Gordon, Anthony Di Benedetto, Roger J. Calantone
Abstract
Brand equity has recently been a topic of great interest among marketing academics. This study proposes a stagewise learning process involved in the building of brand equity: (1) brand birth, (2) the creation of brand awareness and associations, (3) the building of quality and value perceptions, (4) the emergence of brand loyalty, and (5) the launching of brand extensions. A later section contrasts the development of brand equity in the consumer and industrial markets.
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Brand equity has recently been a topic of great interest among marketing academics. This study proposes a stagewise learning process involved in the building of brand equity: (1) brand birth, (2) the creation of brand awareness and associations, (3) the building of quality and value perceptions, (4) the emergence of brand loyalty, and (5) the launching of brand extensions. A later section contrasts the development of brand equity in the consumer and industrial markets.
Key concepts: Brand equity, Brand management, Brand awareness, Business, Brand loyalty, Corporate branding, Brand extension, Marketing