“What’s 10 years old and worth more than Coke?” the Globe and Mail once asked in a headline.
Click here to find out the answer: which might surprise you.
Brand management is hard work – defending against competitors, nurturing relationships with customers, making a big profit, and having a little luck.
Five important factors are your brand’s:
- Credibility,
- Reputation,
- Concern for the individual customer,
- Good deeds,
- Willingness to lead others toward the same.
Which products and companies do it best?
One way to gauge is by looking at these lists – the most valuable brands in the world:
TASK: Look at the top five brands in both lists. Which brands do you think will increase in value? Which do you think will decrease? Why?
END OF LESSON 2
