Brand Management Essay

763 Words4 Pages
Individual Report 3 Evaluating Brand Architecture Pick one of the brands you identified as one of your five favourites. Answer the following two questions concerning its brand architecture. 1. Provide a simple characterization of their brand hierarchy and portfolio. Apple is one of the world’s leading technology companies. However, Apple is no longer just selling products and providing innovative solutions, they are selling brands. Apple continues to enhance its brand strength by understanding consumer needs and wants and leveraging its brand assets effectively. Apple has been immensely successful in building a strategic and coherent brand portfolio. Over the years, Apple has diversified its products line to include not only personal computers and cellphones but also mobile media and mobile business gadgets. With extensive investments in R&D and marketing Apple has been able to leverage its brand power and consumers zealous brand loyalty to build the Apple empire. Apple brand portfolio consists of four sub-brands: the Mac, the iPod, the iPhone and the iPad. Apple maintains a monolithic brand identity, and each of these sub-brands uphold the underlying values of the corporate brand, such as innovative technology, cutting-edge design, consistent superior quality and multi-stakeholder collaboration. Each sub-brand also expanded the scope of the Apple brand at product level. Nonetheless Apple competes in four different categories the company ensures that its decision to straddle these industries is accentuate by strategic relatedness. This should not just be restrained to the type of products, but should be based on some key competencies of the corporate brand. More importantly, each sub-brand should enhance the brand identity and equity of the corporate brand. The well-constructed brand portfolio secures the Apple brand from potential downturn
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