A/ Assignment Recap
- Choose a global brand
- Identify brand equity performance
- Analyze internationalization strategies
Here are suggested structure:
I/ Introduction
II/ Brand equity performance
- Brand equity performance 1
- Brand equity performance 2
- Brand equity performance 3
III/ Brand internationalization
- Standardization strategy
- Target Segment
- Positioning
- Adaptation strategy
IV/ Conclusion
TIPS: You should choose a well-known brand, as this kind of brand has higher possibilities to expand into many countries, which is easier to write.
B/ Key term definition
- Brand equity is built on:
- Brand Loyalty: Customers regularly returning to a brand, saving on marketing costs and staying with their preferred brand, irrespective of price or convenience.
- Brand Awareness: Recognition and recall of a brand, key to gaining customer trust and commanding a larger market share.
- Brand Associations: Connections made in the consumer’s mind, shaping the perception of brand benefits and loyalty.
- Perceived Value: The customer’s view of a brand’s worth, influencing their choice and the brand's pricing power in comparison to competitors.
- Standardization: Global standardization is the ability to use standard marketing internationally – from one country to the next, and across various cultures.
- Adaptation means tailoring marketing to appeal to the cultural or demographic particulars of customers in the new market
C/ Detailed guideline
I/ Introduction
You have to satisfy 2 points:
- Introduce the background of the brand: UNIQLO
- History of the brand & some key features about their brand's story/mission:
Example: The first UNIQLO store was launched in June 1984. With 40 years in this industry, UNIQLO always follows a mission of unlocking the power of clothing, since they believe that they can turn clothing into a force for good: By designing, making and selling good pieces, they could make the world a better place (Sustainability at UNIQLO)
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- Its revenue/performance so far, which is backed up by evidence and data