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Brandstretch
Book

Brandstretch

Why 1 in 2 Extensions Fail, and How to Beat the Odds: A Brandgym Workout

Wiley, 2004 Mehr

automatisch generiertes Audio
automatisch generiertes Audio

Editorial Rating

7

Qualities

  • Applicable

Recommendation

Given how heavily companies spend on advertising and merchandising, any factor - in this case, better use of branding - that could possibly enhance the survival chances of a product extension deserves serious consideration. In fact, if you are thinking about launching a new product tied to an existing brand, this informative book might save your career. Author David Taylor identifies so many prerequisites for making a brand offshoot successful that you may decide to take up some safer activity - like bungee jumping. That cautionary guidance alone is invaluable. Unlike many other marketing authors, Taylor writes concise chapters, liberally dosed with good examples. Each chapter ends with a summary, checklist and pertinent takeout. The package works well to convey Taylor’s provocative ideas. To avoid embarrassing product failures, read this book. getAbstract.com warmly recommends it to those daring enough to be branding and product-marketing specialists.

Take-Aways

  • More than half of brand extensions result in failure.
  • Companies should concentrate on value-added services and products that have an emotional connection buttressed by performance.
  • Successful extensions recognize the key values of the brand and its core product.

About the Author

David Taylor is a founder and managing partner of thebrandgym, a British consulting company that develops brand strategies. His clients include Unilever, SAB Miler, Cadbury and Blockbuster. Taylor began his career with Proctor & Gamble and Sara Lee. He holds an M.B.A. from INSEAD in France. He is also the author of thebrandgym: A Practical Workout for Boosting Brand and Business.


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