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October 2007 - Page 4 of 6 - Branding Strategy Insider

Marketing In Crisis

Marketing In Crisis

October 13, 20072 min

Peter Drucker once wrote that since the purpose of business is to generate customers, only two functions do this: marketing and innovation. All other business functions are expenses. That said, one could argue that this advice is being ignored as marketing appears to not be getting the kind of attention it deserves.

Brand Extension: A Closer Look

Earlier this year we looked at some successful and not so successful brand extensions. Today, let’s get closer to the topic. A brand may enter new product categories, new product formats within a category (line extension), or new markets or market segments. Examples of the latter include taking a brand currently targeted to women and extending it to the male market or taking a brand that currently appeals to adults and extending it to the...

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