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CHAPTER 11: DESIGNING AND IMPLEMENTING BRANDING STRATEGIES Kevin Lane Keller Tuck School of Business Dartmouth College Branding strategy Branding strategy is critical because it is the means by which the firm can help consumers understand its products and services and organize them in their minds. Two important strategic tools: The brand-product matrix and the brand hierarchy help to characterize and formulate branding strategies by defining various relationships among brands and products. Branding Strategy or Brand Architecture The branding strategy for a firm reflects the number and nature of common or distinctive brand elements applied to the different products sold by the firm. Which brand elements can be applied to which products and the nature of new and existing brand elements to be applied to new products The role of Brand Architecture Clarify: brand awareness Improve consumer understanding and communicate similarity and differences between individual products Motivate: brand image Maximize transfer of equity to/from the brand to individual products to improve trial and repeat purchase Brand-Product Matrix Must define: Brand-Product relationships (rows) Line and category extensions Product-Brand relationships (columns) Brand portfolio Important Definitions Product line A group pf products within a product category that are closely related Product mix (product assortment) The set of all product lines and items that a particular seller makes available to buyers Brand mix (brand assortment) The set of all brand lines that a particular seller makes available to buyers Breadth of a Branding Strategy Breadth of product mix Aggregate market factors Category factors Environmental factors Depth of product mix Examining the percentage of sales and profits contributed by each item in the product line Deciding to increase the length of the product line by adding new variants or items typically expands market coverage and therefore market share but also incre