Any claim that branding is for
external communication
perhaps may not create an interest for a reader, whereas
the claim that branding is predominantly for internal
communication would definitely jolt a reader into wondering how this could be so. It
is on this premise that this article, with a focus on business marketing and
internal branding, is presented here. Attention is drawn to these two
perspectives, so as to demonstrate the impact and the applicability of these ideas
in the industry.
Commodities are products or services that a customer would tend to
perceive as being exactly the same, regardless of the source of
supply. When the service providers or suppliers of a product do not
differentiate their offerings from each other,
such a product/service is said to be in a commodity market. Firms that
sell sand, cement, steel, crude oil, etc., generally used to fall into this
category. Today, cement, steel, water, crude and its derivatives are
all branded.
`Differentiate or Die' has been the mantra for success these days,
practically for all products and services. Intense competition, wafer-thin
profit margins and customers looking for value, have forced firms to
consider every possible opportunity to differentiate their offerings. |