Growth - Branding Strategy Insider

Recent brand news is full of brand value chatter. Chatter, not serious discussions. Why? Brand executives still seem disconnected from how customers perceive brand value. Consumers understand that value, not price alone, is the priority. Consumer-perceived value is based on the total brand experience relative to the total brand costs (price, time, and effort). Brand executives also misunderstand customers because they believe their brands have a specific segment, which is the “value customer.”