Increasing numbers of manufacturers and suppliers are thronging into the market with interchangeable products and services.
Consumers are becoming overburdened, disorientated and confused. In this scenario, brands create confidence and provide orientation, because the consumer links characteristic qualities or services with a brand and recognises them once again in the impenetrable sales jungle as something that inspires confidence.
With the purchase of a branded product, the consumer also acquires - besides an object for daily use or a consumable - an idealistic value in the form of a promise, which is linked to the respective brand. If this brand promise is honoured, goodwill, solidarity and identification with the brand can gradually develop.
Competitive advantages can be obtained via the strategic development and the positioning of a brand, which usually pays dividends through a greater market share and higher profits. In addition well maintained brands can accrue a not insignificant value over the years, increasing the overall value of the respective company.
AKOM360 has long experience in strategic brand development and positioning in a wide range of sectors, such as financial services, textiles and telecommunications.