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192   Chapter Eight

          3. Besides the functional benefits, a brand will have to offer intangible
             benefits, such as emotional, belonging, prestige, or style, in order to shine.
             Figure 8.1 is a perfect example of this. People are willing to pay a high
             price for a top-brand T-shirt for the sake of pride, belonging, and prestige.
          4. The benefits offered by a brand should be consistent with each other and
             present a unified character or personality. If the benefits offered from the
             same brand are too confusing, or change from time to time, it will drive
             customers away. This is because customers will often come to a quick
             and superficial conclusion when purchasing a product. Customers form
             a stereotype about a brand quickly; if they like the brand, they will stick
             with it. For example, both McDonald’s and Chinese restaurants are
             providing foods, and both will have loyal customers based on
             customers’ perception about the food. If a McDonald’s store starts
             offering some Chinese food, though it is a good food, it will really send
             a very confusing signal to customers, and finally many customers may
             be turned away. To maintain a brand, a company must actively manage
             the personality of the brand to make it clear and consistent over time.
          5. The benefits offered by a brand must be wanted by the customer. No
             brand image, however clear and consistent, is of any use unless it
             meets customer wants. If people’s wants have changed, the benefits
             offered by the brand will have to change.

        Brands have a magical power, and brand building is an important element in
        value creation. To build a strong brand, we first need to know what are the
        essential elements of a brand and how these elements are related to each
        other really well. In the next few subsections, we will discuss some important
        concepts about the essential elements of a brand, such as brand identity and
        brand equity.


        8.2.2 Brand Identity

        What Is Brand Identity?
        Customers’ perceptions about a brand are very much similar to people’s per-
        ceptions about a person. A person’s name is simply a symbol. People form an
        opinion about a person based on their perceptions. They may ask themselves,
        What is this person good at? What is his or her personality? What does this
        person look like? What does he or she stand for? What are his or her core values?
        and so on. The answers to these questions allow people to form a perception of
        the person’s identity. According to David Aaker (1996), brand identity “provides
        direction, purpose and meaning for the brand.” Specifically, he said:
            Brand identity is a unique set of brand associations that the brand
            strategist aspires to create or maintain. These associations represent
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