Brand essense: elements and added value

The emergence of branding as one of the areas of business has helped to draw the attention of management to the need to give a product or service an emotional reinforcement, a certain factor, working with the subconscious of the consumer. Scientists have experimentally found out that a person’s conn...

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Main Author: V. S. Nikitina
Format: Article
Language:Russian
Published: State University of Management 2021-04-01
Series:E-Management
Subjects:
Online Access:https://e-management.guu.ru/jour/article/view/142
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author V. S. Nikitina
author_facet V. S. Nikitina
author_sort V. S. Nikitina
collection DOAJ
description The emergence of branding as one of the areas of business has helped to draw the attention of management to the need to give a product or service an emotional reinforcement, a certain factor, working with the subconscious of the consumer. Scientists have experimentally found out that a person’s connection with a product is much stronger if it is based not only on conditionally rational judgments about it, but also on the sensory perception of the brand, the emotional attitude to the company that offers this product.This article is devoted to the study of the brand as the basis for the existence of the added value of the product, which brings the buyer additional satisfaction of certain needs, which may not even be directly related to the tasks potentially solved by the purchased product. In the course of writing the article, the author collected and structured the theorists ‘ ideas about the essence of the brand and its elements, which can be managed by a brand manager within the framework of working with the product. The paper considers the brand as one of the key factors influencing the final price of the product on the shelf, from the aspect of the real costs accompanying its construction, development and maintenance, as well as from the subjective benefits received by the consumer from contact with it. The author of the article provides examples of cases of real companies related to building a brand and its strong influence on the value that the final product carries.
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spelling doaj.art-f6997d19f377433986a46768624e0f772024-12-20T14:17:32ZrusState University of ManagementE-Management2658-34452686-84072021-04-0141586710.26425/2658-3445-2021-4-1-58-6794Brand essense: elements and added valueV. S. Nikitina0RUDN UniversityThe emergence of branding as one of the areas of business has helped to draw the attention of management to the need to give a product or service an emotional reinforcement, a certain factor, working with the subconscious of the consumer. Scientists have experimentally found out that a person’s connection with a product is much stronger if it is based not only on conditionally rational judgments about it, but also on the sensory perception of the brand, the emotional attitude to the company that offers this product.This article is devoted to the study of the brand as the basis for the existence of the added value of the product, which brings the buyer additional satisfaction of certain needs, which may not even be directly related to the tasks potentially solved by the purchased product. In the course of writing the article, the author collected and structured the theorists ‘ ideas about the essence of the brand and its elements, which can be managed by a brand manager within the framework of working with the product. The paper considers the brand as one of the key factors influencing the final price of the product on the shelf, from the aspect of the real costs accompanying its construction, development and maintenance, as well as from the subjective benefits received by the consumer from contact with it. The author of the article provides examples of cases of real companies related to building a brand and its strong influence on the value that the final product carries.https://e-management.guu.ru/jour/article/view/142brandbrandingmarketingconsumerbenefitspricevaluecompany
spellingShingle V. S. Nikitina
Brand essense: elements and added value
E-Management
brand
branding
marketing
consumer
benefits
price
value
company
title Brand essense: elements and added value
title_full Brand essense: elements and added value
title_fullStr Brand essense: elements and added value
title_full_unstemmed Brand essense: elements and added value
title_short Brand essense: elements and added value
title_sort brand essense elements and added value
topic brand
branding
marketing
consumer
benefits
price
value
company
url https://e-management.guu.ru/jour/article/view/142
work_keys_str_mv AT vsnikitina brandessenseelementsandaddedvalue