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Brand Development and Brand Strategy  203

        customers subconsciously decide if they want to be associated with this
        brand, just like they decide if they want to be associated with other people.
        If a brand persona is unpopular and unattractive, then it will affect the sale.
        The brand persona here is very similar to the brand personality in Aaker’s
        brand identity model.

            Example 8.2: Brand Personas for Mail Services
            This example is from Davis (2000). Table 8.3 lists the brand personas of three
            major mail carriers: Federal Express, U.S. Post Office, and UPS.

        8.2.3 Brand Equity
        Brand equity is the set of assets (and liabilities) that is linked to a brand
        name and symbol. The brand equity adds (or subtracts) the value provided
        by a product or service to a firm and/or that firm’s customers (Aaker 1996).

        During the 1980s, a lot of research was done to define and estimate the true
        value of brands to the competitive position of enterprises (Keller 1993,
        Aaker 1991, Farquhar 1989, Tauber 1988). There were two reasons for this




        Table 8.3 Brand Personas for Three Mail Carriers

          FedEx                 U.S. Post Office       UPS

          Male or Female        Male                   Male
          Young                 Old                    Middle-aged
          Athletic              Grumpy                 Evolving

          Friendly              Not reliable           Inconsistent
          Prompt                Low technology         Friendly
          Dependable            Unsophisticated        Brown uniforms

          Energetic             Overweight             Unionized
          High technology       Complacent             Okay service
          Problem solvers       Slow                   Professional

          Motivated             Rigid                  International
          Professional          Problem makers         Problem solvers
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