This course will enable the students to develop an understanding of the underlying concepts, strategies and issues involved in managing brands.
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 Course Code  | 
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 24MAM324  | 
 Fundamentals of Brand Management (Theory)  | 
 CO289: Examine the basic concepts of brands, essential distinctions between brands and products CO290: Analyze brand perspectives including visual/verbal elements and the anatomy of a brand. CO291: Evaluate the dynamics between brands, consumers, buying decisions and indices (BDI & CDI). CO292: Assess brand identity from multiple perspectives and levels. CO293: Explore Brand Positioning concept and common positioning errors. CO294: Contribute effectively in course-specific interaction  | 
 Approach in teaching: Interactive Lectures, Group Discussion, Tutorials, Case Study Learning activities for the students: Self-learning assignments, presentations  | 
 Class test, Semester end examinations, Quiz, Assignments, Presentation  | 
Concept, nature, scope, characteristics of branding. Stages of brand evolution, Difference between Brand and Product. Types of brands. Brand Name decisions, brand name Creation Process.
Visual/Verbal, Positioning Value, Brand Image, Added Value, Perceptual Appeal & Brand Personality), Anatomy of a Brand- (The Perceptual & Product Concept)
Buying Decisions, Perspectives on Consumer Behavior (Economic, Passive, Emotional & Cognitive) Customer Loyalty
Brand Development Index & Category Development Index (BDI & CDI), Valued Discrimination (Strategy for Building Superior Brands), Identify Segments, Key Drivers of Buying. Determining Relative Importance, Sources of Discriminative Value.
Brand Identity Perspectives (Brand as a Product, an Organization, a Person & a Symbol) Brand Identity Levels (Inner & Outer Core & Brand Value Proposition) Kapferers Brand Identity Prism.
Concept, Objectives, 3 Cs of Positioning (Customer, Competitor & Company)
Competitive Frames of Reference, Point of Parity (POP) and Point of Difference (POD), Establishing Category Membership, Choosing POP’s and POD’s, Creating POP’s and POD’s. Positioning Strategies: Meaning, Types of Positioning Strategies:, Attribute Positioning, Price/quality Positioning, Use or Application Positioning, User Positioning, Product Class Positioning, Competitive Positioning. Errors in positioning.
*Case studies related to entire topics are to be taught.
Suggested readings
E resources
Journals