SIGNIFICANCE OF A GOOD BUSINESS STRATEGY IN BUILDING A COMMERCIAL BRAND

When it comes to building a commercial brand, having a strategy is very important. Every marketer is faced with a variety of factors, whether it has to do with appealing to a local place or to multiple continents. So, when it comes to brand and it's image being sold, the best route to take is proper advertisement. Large and well known global brands such as Mc Donald's, Absolute Vodka, Volkswagen etc has continously made their global mark by putting a spin on thier advertising strategies and adapting to countries marketplace and people.

Nowadays, the world is changing so fast in any aspect - the economic environment, the demands both of the customers and the investors. The competition is severe and it actually makes things happen. Every day new ideas connected to advertising, distribution and selling of a product are being developed. Therefore, in order to be successful, profitable, to develop itself and to prosper as a whole, companies should focus on constantly improving the quality, productivity and speed to market as well as the innovation of products and processes. The attitude towards customers is extremely important. The management of a strong customer relationship is maybe the main key towards success and the main tool that can be used in order to build up customer relationship is BRANDING.


The whole idea of branding is to make customers able to identify the product or service and to differentiate it from the competitors. Once a name becomes a brand, the brand communicates the quality, e.g before we buy something with the name 'DIOR', we already expect the quality. This is because of the effect of the brand knowledge and the customer response to that particular product.