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Showing posts with label brand power. Show all posts
Showing posts with label brand power. Show all posts

Sunday, March 7, 2021

7 Strata of Strategy - Mindshare

What words do you own in the minds of your targeted customers (e.g., Google owns "search")?

Mindshare basically are the words that you own in the minds of customers and prospects. 

They are the policy tools available to the brand manager in brand power. 
  • Volvo - "safety"
  • BMW - "driving experience"
Mindshare branding represents some essence over and above the product's basic characteristics. Its job is to capture a portion of the consumer's consciousness by developing relative advantages and using positioning and differentiation.