With all the talk about Brands, Branding, Brand Building, Brand Strategy you’d think that the meaning of the word Brand was clear, and that this crucial aspect of business would be one which is clearly understood.
The reality, however, is very different. Many business people are still struggling to come to terms with exactly what a Brand is and how to build it. I just “AskedWiki” the question: What is a Brand?, and this is what they served up:
A brand is a name, term, design, symbol, or other feature that distinguishes products and services from competitive offerings, as defined by the American Marketing Association; however, according to The Chartered Institute of Marketing, a brand represents the consumers’ experience with an organization, product, or service.