Abstract
With the realization that brands are one of the most valuable intangible assets that firms have, branding has emerged as a top management priority. Brands offer a number of benefits to both firms and consumers. Branding is all about creating differentiation in the minds of consumers and avoiding commoditization. A strong brand is a promise to consumers; marketing must be conducted with those positive expectations in mind. Brands must also be managed to remain strong over time. A good brand architecture strategy properly brands new products for optimal growth.
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Keller, K.L. (2016). Brand. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_711-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_711-1
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