Professional Documents
Culture Documents
Brand equity
An attempt to define the relationship
between customers and brands produced the
term ``brand equity'' in the marketing
literature. The concept of brand equity has
been debated both in the accounting and
marketing literatures, and has highlighted
the importance of having a long-term focus
within brand management. Although there
have been significant moves by companies to
be strategic in the way that brands are
managed, a lack of common terminology and
philosophy within and between disciplines
persists and may hinder communication.
R2 : MARKETING MIX -- brand description -- brand strength --competitive advantage
• Market power
• Brand value
• Added value
• Profit
Figure 4
The management of brand equity