Coronavirus: good or bad for Corona’s sales? It’s a venal question given the current state of the pandemic and the tragic loss of life that has occurred, and will occur in the months to come. But it is, none the less, a fascinating one for marketers. Where do you stand?
Your answer very much depends on how you balance the importance of a brand’s salience versus its image. The traditional brand management approach of not that long ago led with image as the overriding driving force behind successful brand impact.
Consumers needed to know a brand existed via awareness, of course. But that was mostly a gateway, particularly in high-involvement decision making, to the associations that consumers then attached to the brand. Those associations then drove differentiation, desire, loyalty and the host of other behavioural lovelies that came with a strong brand.
Lees deze column van Mark Ritson op Marketingweek