Sub-branding Strategies and Their Role in Brand Building
Article Details
Pub. Date
:
August, 2008
Product Name
:
ADVERTISING EXPRESS
Product Type
:
BRANDING
Product Code
:
AEBR30808
Author Name
:
Kisholoy Roy Kisholoy Roy
Availability
:
YES
Subject/Domain
:
Marketing
Download Format
:
PDF Format
No. of Pages
:
5
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For delivery in electronic
format: Rs. 50;
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Abstract
Sub-branding strategies are often successfully implemented by companies across various industries. It is pursued when a brand attains maturity or saturation and is found to revive the fortunes of the brand. It adds greater relevance to a brand and attracts newer consumer segments, thereby ensuring greater returns on a brand's investment.
Description
Across industries, sub-branding strategies are being increasingly adopted by companies nowadays. Whether it's a FMCG entity like HLL or a mobile handset maker like Motorola; whether it is a fast-food retailer like McDonald's or an automobile maker like Hero Honda, they are all pursuing effective sub-branding strategies with the objective of expanding their product portfolio and keeping the buzz around their master brand alive.
In today's world of increasing brand clutter, sub-brands have been found to play a substantial role in adding newer dimensions and meanings to an existing brand. When a brand reaches its saturation point, sub-branding does become a necessary alternative. Interesting observations have been made in the context of the relationship that parent brands have with their sub-brands. Successful sub-branding has been the key to the sustainability of many brands because the strategy has been found to have revamped a brand's overall appeal and have attracted newer consumer segments towards it.