Building Connected Customer Relationships
The following will systematically assist you in building connected customer relationships. There are three parts.
NEW THINKING
The following will systematically assist you in building connected customer relationships. There are three parts.
When we ask managers to list the drivers of willingness-to-pay of their customers, their main focus is usually on tangible and intangible aspects of their products or services, such as quality attributes and brand. Obviously, these are important factors, but the willingness-to-pay of a customer can be influenced by a much broader set of drivers.
In a study of more than 300 brand extensions it was determined, and now widely accepted that there are eight types, each with its own unique leverage.
Brands are inarguably among the largest assets a company owns, but they are difficult to value accurately.
Recently I spoke with Tammy Abraham, Vice President, Corporate Partnerships for National Geographic, who provided extensive insight into the National Geographic Brand. Tammy reveals NatGeo took an enormous leap from reverence to relevance over the last ten years, evolving from a magazine to a multi-channel publisher.