12 Jun DESCRIBE AND UNDERSTAND THE BENEFITS OF BRANDING, BRAND ATTRIBUTES, AND SIGNIFICANCE OF BRAND EQUITY.
Developing the New Brand
You will be launching your new brand over the next 2 units. Because you have completed research on competitors—including a Top 100 U.S.-based brand—and received feedback from your colleagues, you have enough information to introduce your brand.
Interpret the essentials and processes of new product development.
Compose ideas for test marketing, product introduction, and commercialization of new products to market.
Describe and understand the benefits of branding, brand attributes, and significance of brand equity.
Execute a working knowledge of designing and developing successful brands.
Part 1: Competitive Analysis
In this portion of the brand launch, you will cover the following areas:
Industry/category analysis
Competitive analysis (positioning map)
Part 1 of the Individual Project should be 2.5–3 pages in length. Be sure to cite your resources.
Part 2: The Strategy
The strategy will now become more apparent as you begin this section:
Brand strategic plan (vision/objectives/strategies/tactics)
Target customer segmentation analysis
Customer insight (Primary research is required in this case because the brand is fictitious.)
Brand essence/equity elements
Part 2 of the Individual Project should be 3–4 pages in length. Be sure to cite your resources.
Your assignment should contain a cover page, an abstract page, and a reference page in addition to the body. The body of the paper should be 6–7 pages in length, starting with a brief 1-paragraph introduction and ending with a short conclusion. The entire submission will be 9–12 pages in length.
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