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Branding Strategies for Success (Collection)
book

Branding Strategies for Success (Collection)

by Joan Kiddon Larry Light Brian D. Till, Donna Heckler, Ryan D. Mathews, Russ Hall, Watts Wacker, Robert Brunner, Stewart Emery
March 2012
Beginner
704 pages
18h 19m
English
Pearson
Content preview from Branding Strategies for Success (Collection)

Truth 42. Beware of the allure of brand extensions

The secret to building a great brand is consistency and focus. However, this can be terribly difficult to do. As soon as a brand does well, companies like to take the brand and extend the name to many other products. In theory, it is understandable. Why spend significant dollars building a new brand when there is a perfectly fabulous brand sitting there and waiting to be leveraged? By extending the brand, consistency and focus are typically lost. However, what is the long-term cost of slowly deteriorating a brand versus the immediate savings from not having to create a completely new brand? Is it better in the long run to build a new brand from scratch or develop a brand extension?

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Publisher Resources

ISBN: 9780133039030