Brand equity is a phrase used in the marketing industry to try to obtain the benefit from the brand's power, based on the idea that the owner of the well-known brand name can make more revenue from products or services. One of the many types of research, tools, concepts in brand equity is the aaker brand equity model aaker brand equity model was developed by professor david aaker of the university of california his model viewed the brand equity as a combination of brand awareness , brand loyalty and brand associations, which then combines with each other to. 'brand equity' is a phrase used in the marketing industry which describes the value of having a well-known brand name, based on the idea that the owner of a well-known brand name can generate more revenue simply from brand recognition that is from products with that brand name than from products with a less well known name, as consumers. Abstract customers and brands are the two most important intangible assets of any organization ahead research as evaluate the factors affecting brand equity from the perspective of customers using aaker's model (case study: iran insurance organizations customers, tonekabon branch. This three-essay thesis focuses on how value of the brand, ie brand equity is created, with each study investigating different parts of the relationships within the brand value chain.
Brand equity is a key construct in the management of not only marketing but also business strategy it helped create and support the explosive idea that emerged in the late 1980s, that brands are. David a aaker, a marketing professor at the university of california at berkeley and author of the popular building strong brands (1996), has developed a comprehensive brand identity planning model at the heart of this model is a four-fold perspective on the concept of a brand. Aaker (2000,p15) provided the most precise definition of brand equity, he defined brand equity as a set of brand assets and liabilities linked to a brand, its name and symbol, that add to or subtract from the value provided by a product or service to a firm and/or to that firm's customers.
Brand group i crest toothpaste campbell's soup kmart stores porsche automobiles reebok athletic shoes michelin tires diet coke cola mtv station. According to aaker (1991), marketers and researchers adopt consumer-based brand equity and finance-based brand equity approaches in order to understand brand equity consumer-based brand equity model is defined as the power of brand including what customer sees, reads, hears, learns, thinks and feelings in time about the brand (aaker, 1991.
Introduction brand equity is an important concept within the marketing field which since the 90's increasingly received more attention nowadays customers play a centrale role in marketing and it is therefore important to respond thereto with a certain product offering. Brand equity is defined as the marketing effects or outcomes that accrue to a product with its brand name compared with those that would accrue if the same product did not have the brand name (aaker 1991 keller 2003. Red bull brand equity according to keller (2008, p 53), brand equity is the strong, favorable and unique brand associations in the memory of customers.
Yoo et al (2000) extend aaker's (1991) model by placing brand equity as a separate construct between the dimensions of brand equity and the value for the customer and the firm. Brand equity is a set of assets and liabilities linked to a brand, its name and symbol, that add or subtract from the value provided by a product or service to a company and/or to that firm's customers. The aaker model, created by david a aaker, a marketing professor at the university of california-berkeley and a management consultant at prophet, is a marketing model which views brand equity as a combination of brand awareness, brand loyalty and brand associations, which add up to give the value provided by a product or service.
The relationship between brand equity, apparel product attributes and purchase intention: a study of selected apparel brands in india abstract the main purpose of this study is to investigate the relationships among brand equity, apparel product attributes and purchase intention from indian young consumers view point. Brand equity essay - introduction a brand is a distinguishing name and/or symbol intended to identify the goods or services of either on seller or group of sellers, and to differentiate those goods or services from those of competitors (aaker 1991)a brand is the most valuable asset for an organization in the current competing world. From a cognitive psychology approach, aaker (1991, pp 15) defines brand equity as a set of brand assets and liabilities linked to a brand, its name and symbol that add to or subtract from the value. Article shared by market analysis helps us to determine the market situation in terms of its attractiveness or otherwise organizations weigh their strengths and weaknesses relating it to the opportunities and threats, to understand their capability to respond to the market changes, based on such analysis.