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Archive for category: Business

41

Is Your Price Right? Does It Strengthen Your Profitability or Undermine It?

For some companies, the pricing policy for goods and services is based purely on a combination of covering costs and making a reasonable profit. Smart management however, understands that pricing is one of the most obvious indicators of a brand’s competitive strategy.      Pricing policies determine where your offering is positioned in the market. […]

42

Brand Commoditization : How Safe is Your Brand?

A question to ponder this week… What would your customer’s identify as the number one reason for buying your brand?   If the answer is ‘low price’ or ‘convenience’ your brand could be at major risk of becoming just another commodity brand; a very risky position for any brand to be in.   When it […]

45

Company Culture: Your Brand’s Strongest Competitive Advantage

Company culture may be the most vague aspect of brand management but carefully controlled and nurtured it can provide your brand with a sustainable competitive advantage that even your strongest competitors cannot replicate.   Company culture is a culmination of the behaviors, attitudes, relationships, core brand values and environment within a business. Simply put, your […]

48

7 Steps to Branding Your Way Out of Recession and Into Profitable Growth

There are few companies in existence that have not felt the affects of the current recession impacting on their business and profit margins. As many of us know, uneasiness in the market fostered by fears of job losses and reduction in wages has consumer spending at an all time low.   Many business leaders feeling […]

49

Building the Voice of Your Brand to Give You a Competitive Edge

Understanding What Makes You Different How is Coca Cola different from Pepsi? Why would you choose to fly Virgin Atlantic over Aer Lingus? When a product or service is not completely unique in the market how do you communicate your “significant difference” to your customers in order to give them a compelling reason to choose […]

50

Maximizing Profitability: Training Your Employees To Be Brand Champions

In Ireland, possibly more so than in any other European country, a company’s reputation is the foundation from which strong brands evolve. We may be known for our talkers but the result of all this chatter can have a significant impact on Irish businesses where a restricted market size often means that word-of-mouth endorsement, or […]