What are the basic building blocks for Consumer Based Brand
What are the basic building blocks for Consumer Based Brand Equity? Describe the prescriptive steps used in building a CBBE strategy for the firm.
Solution
Step 1 Brand Identity: Who are you?
In this stepts the goal is to create brand salience or awareness, you need to make sure your brand stands out
Step 2: Brand meaning - What are you?
The goal here is to identify and provide communication about the meaning of your brand and what stands for.
Step 3: Brand Response - What Do I think or feel about it?
The customer`s responses to the brandas are in 2 different categories: judgment and feelings
Step 4: Brand Resonance - How much of a connection would I like to have ?
This is the top of n the brand equity pyramid because it is the most difficult and of course is the most desirable.
You have achieved brand resonance when your customers feel a deep, psychological bond with your brand
