The Wealth of a Homeonwers association is analogous to the wealth of a Nation
JosephLewisAguirre
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25 slides
May 24, 2024
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About This Presentation
The Wealth of a Homeonwers association aka property values
is analogous to the wealth of a Nation and a function of the Triple Constraint: Public Safety, Repair, Replace and Maintain and Trust in local governance
Size: 1.72 MB
Language: en
Added: May 24, 2024
Slides: 25 pages
Slide Content
HOA Branding
Joseph Lewis Aguirre
–67% -There is no risk associated with buying
brands with which you are not familiar
•Lack of substantive differentiation
–72% -A well-known brand is an important
factor on making buying decisions
Why Brand?
Demand Curve Shift With Brand Equity
Volume
Effect
Q
2
Q
1
P
2P
1 Price
Brand
Equity
Leverage
Quantity
Price or
Margin Effect
Brand Equity is the Premium that Consumers Pay
for Your Products and Services...
Agricultural Chemicals
$XX.00/c.wt.
Better Living through
Chemistry
$50/bag
DUPONT
Product, Price, Community, Communication
and Distribution Programs
Wraparounds
Conceptual Model of Brand Equity
Core Product/
Service
Source: Keller (1996), Aaker (1996), Strategic Market Research Group, Marketspace Analysis
. . . provides positive
consumer responses . . .A good brand . . .
Customer Benefits
Confidence
Loyalty
Satisfaction
Firm Benefits
Reduced
marketing costs
Increased
margins
Opportunity for
brand extensions
. . . and benefits both target
customers and firm
Brand Awareness
Depth
Breadth
Brand Associations
Strength
–Relevant
–Consistent
Valence
Uniqueness
–Memorable
–Distinctive
Marketing Programs to Build Brand
Equity
Brand Equity
Product
Pricing
Communication
Promotional
Program
Distribution
Branding —Conclusion
–Branding is fundamentally different from the other marketing activities —product,
pricing, communication, community and distribution —in three ways:
•Brands are reflections or outcomes of the firm’s marketing activities
•Unlike the other activities, branding is an integral part of every
marketing activity and strategy
•Strong brands can be used to enhance the effectiveness of all other marketing activities
–The branding process includes seven steps: 1) clearly define the target audience, 2)
understand the target customer, 3) understand the competition, 4) design compelling
Brand Intent, 5) identify key leverage points in customer experience, 6) execute the
branding strategy and 7) establish feedback systems.
Functional
Intimate
Evangelist
TIME
Customer Experience (f)Time
Brand Equity
Brand LoyaltyBrand AwarenessPerceived QualityBrand AssociationsOther Assets
Reduced
Marketing
Costs
Trade
Leverage
Attracting New
Customers
Time to
Respond to
Competitive
Threats
Anchor to Which
Other Associations
Can be Attached
Familiarity -
Liking
Signal of
Substance /
Commitment
Brand to be
Considered
Reason-to-Buy
Differentiation /
Position
Price
Channel Member
Interest
Extensions
Help Process /
Retrieve Information
Differentiate /
Position
Reason-to-Buy
Create Positive
Attitudes / Feelings
Extensions
Competitive
Advantage
Provides Value To Customer By Enhancing
Customer’s:
Interpretation / Processing of Info
Confidence in the Purchase Decision
Use Satisfaction
Provides Value To Firm By Enhancing :
Efficiency & Effectiveness of Marketing
Programs
Price / Margins
Brand Extensions
Competitive Advantage
•Every Organization has an ‘identity’ –whether it
chooses to control that image, or not
•A Good Brand is an identify which is
–Recognition “shorthand”
–Consciously developed
–Purposeful
–Cultivated
•A Bad Brand
–Is ‘what happens’ to you
–The discrepancy between promise and delivery
Brand Truisms
•A Brand is the difference between inherent
worth and perceived value
•A Brand is a Unique Selling Proposition
which translates into
–Marketing Advantage
–Profit Margin
–Higher Multiples
Brand Drivers
TheBusiness
Customers
(number/type)
Fees/Prices
(revenue)
Defines
&
Drives
Business Value
The Brand
Customers
(number/type)
Potential Markets
Served
(size/growth)
Brand Share
Potential
Brand Contribution
Brand Value
The Business and the Brand are Intertwined
Today’s business is the DNA of the Brand and its potential to
create value via strategic decisions, such as diversification
Measuring Brand Value
Brand Equity
Brand LoyaltyBrand AwarenessPerceived QualityBrand AssociationsOther Assets
Reduced
Marketing
Costs
Trade
Leverage
Attracting New
Customers
Time to
Respond to
Competitive
Threats
Anchor to Which
Other Associations
Can be Attached
Familiarity -
Liking
Signal of
Substance /
Commitment
Brand to be
Considered
Reason-to-Buy
Differentiation /
Position
Price
Channel Member
Interest
Extensions
Help Process /
Retrieve Information
Differentiate /
Position
Reason-to-Buy
Create Positive
Attitudes / Feelings
Extensions
Competitive
Advantage
Provides Value To Customer By Enhancing
Customer’s:
Interpretation / Processing of Info
Confidence in the Purchase Decision
Use Satisfaction
Provides Value To Firm By Enhancing :
Efficiency & Effectiveness of Marketing
Programs
Price / Margins
Brand Extensions
Competitive Advantage
Tools
If the Only Tool We Have is a Hammer, We Tend to
See Every Problem as a Nail
--Maslow
Leadershipvs Management:
•The word leaderis derived from the verb to go, manager means to
handle
•Leader is dynamic, manage is static
•Leader deals with where one needs to be, a manager deals with
where one is at.
•A leader deals with what is possible, a manger deals with what is
needed
Leadership Vs Mgmt.
"Never forget that only dead fish swim with
the stream."
--Malcolm Muggeridge
-
Strategy