Explain how effective brand management can assist ib4e''s, Business Management

Assignment Help:

Over the past few years, the company iB4e has underperformed compared with its competitors which enjoy stronger brand recognition. In addition, lots of experienced staff responsible for key customer accounts has left the company. Even though it pays comparable salaries to its rivals, iB4e has had difficulty replacing these staff with outside appointments. This has led to some existing employees temporarily taking on customer relationship management in return for small one-off payments. This has been good for staff morale but the effectiveness of this calculates as a long term alternative to appointing suitably experienced new staff is questionable given that some of these staff has been more successful than others.

Explain how effective brand management can assist iB4e's 'sharpening the focus' initiative

The Chief Executive is launching a new initiative known as 'sharpening the focus' which is centred on:

  • Improved corporate performance,
  • Connecting more closely with customers, and
  • Improving marketing practices.

Effective brand management can assist iB4e's 'sharpening the focus' initiative in a number of ways:

Improved performance

  • Improved profitability. Over the past year iB4e has suffered from a complex economic climate more keenly than its competitors who enjoy stronger brand recognition. The latest director promises 'revitalisation of the iB4e brand'. Evidence indicates that effective brand management will translate into better profit potential and long term equity growth for the brand.

 

  • Brands can be a key asset for the business. Although intangible, brands can be of substantial value. Indeed, brands are often the most valuable asset an organisation owns. All assets need careful management and the brand is no dissimilar.

 


Related Discussions:- Explain how effective brand management can assist ib4e''s

Write short notes on risk management, Question 1 What is Flexible Manufact...

Question 1 What is Flexible Manufacturing System (FMS)? How does it help in improving the manufacturing process? Question 2 What is Logical Process Modelling and give the com

Stages of purchasing, describe stages of purchasing according to van weele ...

describe stages of purchasing according to van weele 2010 ,reck 1988

“’Confessions of a Microfinance Heretic’: Talks at G, dear team i need to m...

dear team i need to make a case analysis of 1500 woeds on the following topic, video is also provided with the instructions from university. please contact me asap.

Functional and process management, How will officers achieve intergration w...

How will officers achieve intergration when they have no authority over either the administrative functions or programs

How managers manage their specific environment, Question 1: All organiz...

Question 1: All organizations are being impacted by changes in both the internal and external business environment. In order to reduce the negative impact of these changes on t

Ethics and Governance, Is leadership essential to the development of ethica...

Is leadership essential to the development of ethical decision making in modern organisations?

Procedures and decisions implemented at the workplace, Question 1: One ...

Question 1: One of the basic causes of industrial accidents concerns safety policies, procedures and decisions. (a) Clearly explain what should safety policies, procedures a

Evaluate the importance of business processes, Evaluate the importance of b...

Evaluate the importance of business processes in delivering outcomes based upon business goals and objectives. a. How would you classify the GE culture in terms of the "Handy Mo

Steeple, How can steeple affect usa gas fracking business

How can steeple affect usa gas fracking business

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd