the real definition of a brand

i have searched far and wide for a definition of brand that i like. unfortunately, there is no universally agreed upon definition of “brand” nor many that I like. there are oversimplified definitions (a brand is a trademark, symbol, etc) and there are definitions that are good but don’t go far enough for me (a brand is a promise). you can go here for a list of definitions from a couple of marketing gurus but the definition I prefer most was developed by tom asacker.
tom describes a brand as follows:
“a brand is an customer’s evolving expectation of value; value the way he or she subjectively intuits it.”
said another way, a brand is what an individual expects to gain (or lose) from their interaction with a product, service, location, and yes, even a person (re: “brand me”). different individuals will have different expectations of value from the same brand because we all place unique value on things. and, although those expectations, and therefore the brand, reside entirely in the mind of the individual, the brand plays a tremendous role in helping to shape and create those expectations based on it’s purpose, promise, values, offering, experience, and associations that it creates.
so, what do people expect to get from developing a relationship with you? what about the with the brands you manage? if you don’t like the answers, you may not like your brand.
conversation: got another definition of brand or think this one is wrong, leave a comment below.
related posts:
- by detavio
- posted at 6:45 am
- July 20, 2009
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