Oct

13

Brand Identity

October 13, 2007 |

 Brand Identity

Most Businesses Have At
Least Brand Identity OR Goodwill;
Many Have Both

Brand identity means that the name, logo, a key product is instantly recognizable and is respected by a marketplace. And sometimes a buyer will foresee opportunity to exploit that brand identity in a new and different way - for example, the Heinz Corporation bought Weight Watchers NOT because they wanted to be in the weight loss center business but because they correctly perceived a lucrative opportunity to put the Weight Watchers name on frozen and pre-packaged foods sold via supermarkets.  Goodwill is less tangible and less exploitable outside of the business’ core customers.

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Comments

Oct

13

Brand Identity

October 13, 2007 |

 Brand Identity

Most Businesses Have At
Least Brand Identity OR Goodwill;
Many Have Both

Brand identity means that the name, logo, a key product is instantly recognizable and is respected by a marketplace. And sometimes a buyer will foresee opportunity to exploit that brand identity in a new and different way - for example, the Heinz Corporation bought Weight Watchers NOT because they wanted to be in the weight loss center business but because they correctly perceived a lucrative opportunity to put the Weight Watchers name on frozen and pre-packaged foods sold via supermarkets.  Goodwill is less tangible and less exploitable outside of the business’ core customers.

Tags: , , , , ,
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.

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