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188   Chapter Eight











        Figure 8.1 The Power of Brand Names


        a brand as “a name, term, symbol, or design, or a combination of them, which
        is intended to signify the goods or services of one seller or group of sellers
        and to differentiate them from those of their competitors.” Scott Davis (2000)
        defines a brand as “an intangible but critical component of what a company
        stands for,” and “a brand is a set of promises, it implies trust, consistency, and
        a defined set of expectations. The strongest brands in the world own a place in
        the consumer’s mind, and when they are mentioned almost everyone thinks of
        the same things.” Mercedes Benz stands for prestige and the ultimate driving
        experience; Ralph Lauren stands for classic looks, high status, and pride.

        The strongest brands usually stand for superior functions, benefits, and quality;
        without these, you cannot be the strongest brand in the world. However, superior
        functions, benefits, and quality alone will not make the strongest brands. Does

        Table 8.1 Leading U.S. Brands from 1933 to 1990

          Brand                       Market
          Eastman Kodak               Cameras/film

          Del Monte                   Canned Fruit
          Wrigley                     Chewing gum
          Nabisco                     Baked goods

          Gillette                    Razors
          Coca-Cola                   Soft drinks
          Campbells                   Soup

          Ivory                       Soap
          Goodyear                    Tires

        Source: Arnold (1992).
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