A good quality without a brand-name may be difficult to sink-in the minds of its intented audience.Sometimes,the branding is there but we loose track on the targetted audience.For example: Take a look at ApnaCircle, the business networking site by Sabeer Bhatia and the first thought that comes to mind is “Why the Non-Indians on the homepage when the name itself is so very Indian?“. Compare this with Orkut, which realized the importance of having Indians on the homepage,with the popularity of Orkut rising in India!!!
Coming back to Branding, came across an interesting 9 step process of Branding by Jagdeep Kapoor referred as “Brand Naamkaran Process“, which is listed below:
Birth of a the idea :
a. Identification/Creation of the customer’s need.
b. Product/Service Janam[Birth]
c. Need for a Brand Naamakaran [Name].
Naamakaran Process :
- Define Brand Name through Overall Product/Service category.
- Refine Brand Name, aligning with the Core Values.
- Refine Brand Name in context of Location of Consumption.
- Refine Brand Name in context of Occasion of Consumption.
- Refine the Brand Name keeping in mind The Timing of the Launch.
- Refine the Brand Name keeping in mind The Brand’s Future Map.
- Refine the Brand Name keeping in mind Competitive Brand Names.
- Refine the Brand Name keeping in mind Specific Product/Service Category.
- Refine the Brand Name keeping in mind Customer Segments.
Birth of a Brand :
e. Brand Name finalized !!!!
Detailed description on the 9 Branding steps would follow soon …
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good to see u back in action
Hey,
@Saurabh: Yes feels nice 🙂 Was away from my blog since many many days 🙂
-Himanshu Sheth
Yes Dear,
A “Unique” and “Catcy” brand name is important….
From India, I can look up to ITC. Its the Imperial Tobacco Company of India, that gives you John Players to wear. Hotels, Sunfeast, Aashirwad
Efficiently utilizing their SCM.
Have a look at this page to know their brands…
http://www.iloveindia.com/economy-of-india/top-50-companies/itc.html
I like the example of ITC…it would be interesting to know, how they they made people believe that they are so much more than tobacco…
Hey,
@Purnank and @Upasna:Sure,ITC is a great example where they not only created a Brand in the field of Ciggarates but also managed to get out of that mode and establish the brand in clothes,apparels etc.
-Himanshu Sheth