"Yet another new jargon," you must be
thinking. But, frankly speaking, when it comes to management, jargons can
never be enough and outdated. However, this is not entirely `new'; marketers have
been using `component branding' for quite some time now.
With the information thrown in from all sides, consumers, every now and
then, tend to stop listening to what a brand has to say. As this happens, marketers are
forced to think about newer ways to win more mind share and market share.
Way back, marketers came up with the idea of `Celebrity Endorsements' which
gave a reason to consumers to remember the brand by associating it with a
celebrity. The idea worked well and to a large
extent is still doing a good job.
However, it is not only students who do "cut, copy, and paste", but most
people and organizations are avid followers of
this technique and marketers are no exception. As a result, with every other
marketing communication using some celebrity or the other, this idea of using `celebrities
in marketing communication' has started to lose its sheen.`Overuse of celebrities'
was one major reason for this, but apart from that there were some other problems
as well, like: |