Disrupting markets and building brands
For any company, it is well recognised that building and owning strong brands is a key strategic competency; after all, strong brands allow companies to charge higher prices and garner higher margins; win above-normal market shares and retain them in the face of competitive attack via higher customer loyalty; build greater market power against distribution channels and other intermediary customers; grow revenues via brand extensions into contiguous product categories; attract and retain the best employees; and, as an outcome, build a more highly valued enterprise.
For the EMNCs we interviewed, the stakes are even more fundamental, given their brands’ low initial awareness levels and negative country-of-origin imagery.
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