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Firms are continuously looking for new opportunities to exploit and leverage their existing brands to achieve business growth. In the past, companies have leveraged their 'most important asset' (brands) through brand and line extensions. Nowadays, the most recent trend for capitalizing on brands is called 'Co-Branding' in which two or more brands are presented jointly to the consumer, forming a new product or service offering. This new branding strategy promises many benefits, especially for companies operating internationally with strong global brands. This study is about the perception of 'fit' between two partner brands in a co-branding venture. Previous studies have already identified that a perceived fit between partner brands leads to a positive evaluation of the co-branded offering by consumers. But why are some brands perceived as fitting together by consumers and others are not? To answer this question, this study investigates which factors (e.g. similar price level, target group, product category) lead to a perceived fit between partner brands by consumers.
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About the Author:
Peter Zickermann, born 1985 in Hamburg, studied Business Administration & Economics at the University of Passau (Bavaria) and afterwards deepened his knowledge in the field of marketing during his master's at Copenhagen Business School in Denmark. During his academic education, he also took the opportunity to study one semester in California, Prague and Guangzhou (China). Peter Zickermann focused his research on corporate and product branding strategies, especially on the Blue Ocean Strategy and Co-Branding. After gaining practical experience at Siemens, Beiersdorf and Philips, he is now working as a Product Manager for a large international operating company in the FMCG industry.
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- PublisherAnchor Academic Publishing
- Publication date2014
- ISBN 10 3954892960
- ISBN 13 9783954892969
- BindingPaperback
- Number of pages96
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Book Description Taschenbuch. Condition: Neu. Neuware -Firms are continuously looking for new opportunities to exploit and leverage their existing brands for achieving business growth. In the past, companies have leveraged their most important asset (brands) through brand and line extensions. Nowadays, the most recent trend for capitalizing on brands is called Co- Branding in which two or more brands are presented jointly to the consumer, forming a new product or service offering. This new branding strategy promises many benefits, especially for international operating companies with strong global brands. As the result of the high rate of product failures, the intense competition among companies and the high costs to enter new markets, the use of co-branded products has become increasingly important for brand managers because they provide a way to take advantage of existing brand name recognition and associations. Co-branding came up in the early 90 s and has recently reached an all-time high with annual growth rates estimated at 40 percentages.This study investigates fit in more detail and tries to find out which factors lead to a perceived fit between two brands by consumers. Given this research purpose the research question of this study can be formulated as follows: Which factors lead to a perceived fit between two partner brands by consumers The following sub-questions arise within the attempt to answer the research question: Are there any clear factors that lead to a fit between partner brands , Are some factors more important than others , If yes, which 96 pp. Englisch. Seller Inventory # 9783954892969
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Co-Branding: Fit Factors between Partner Brands
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(2014)
ISBN 10: 3954892960
ISBN 13: 9783954892969
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Book Description Taschenbuch. Condition: Neu. Neuware -Firms are continuously looking for new opportunities to exploit and leverage their existing brands for achieving business growth. In the past, companies have leveraged their most important asset (brands) through brand and line extensions. Nowadays, the most recent trend for capitalizing on brands is called Co- Branding in which two or more brands are presented jointly to the consumer, forming a new product or service offering. This new branding strategy promises many benefits, especially for international operating companies with strong global brands. As the result of the high rate of product failures, the intense competition among companies and the high costs to enter new markets, the use of co-branded products has become increasingly important for brand managers because they provide a way to take advantage of existing brand name recognition and associations. Co-branding came up in the early 90 s and has recently reached an all-time high with annual growth rates estimated at 40 percentages.This study investigates fit in more detail and tries to find out which factors lead to a perceived fit between two brands by consumers. Given this research purpose the research question of this study can be formulated as follows: Which factors lead to a perceived fit between two partner brands by consumers The following sub-questions arise within the attempt to answer the research question: Are there any clear factors that lead to a fit between partner brands , Are some factors more important than others , If yes, which 96 pp. Englisch. Seller Inventory # 9783954892969
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