BRAND/IMAGE DEVELOPMENT
Companies promote successful brand and image development through innovation. In fact, innovation is a key priority to most current businesses around the world. A corporate image of creativity infuses enthusiasm and respect for the company, and the credibility of new products supports this business strategy.
Positive correlations have been found between an innovative reputation and financial success. In turn, financial success creates what is often known as a “brand halo,” indicating category leadership. Nonetheless, profit alone cannot facilitate brand and image development;
It is crucial to develop and follow a “brand proposition”
Successful brands with a positive image virtually always achieve equilibrium of three areas: identity, image, and profile. Specifically, the actual reputation of the product being offered, customers’ experience with it, and improved perception among the public all enjoy positive emotional attachment and associational effects.
Robin Trehan is a brand management expert and fashion sage. www.iPurse.com
Photo:
http://www.prlog.org/




