Does Cognitive Branding Model help in building Iconic Brands?
By definition, a brand is a timeless, abstract entity; thereby anything which is short lived, time based cannot be recognised as a brand in real sense. Brand Identity, however specifies a product markers, having reputation, benefit or value attached to it and this brand identity helps marketers to achieve short term success for their organisations. This at the same time, helps managers to control and coordinate easily the abstractions attached to a brand. It means cognitively one can conceive abstractions and manage it within the boundary of an organisation and even outside. This branding having Cognition at its base characterises Cognition Branding Model. Cognition Branding Model has its birth somewhere in 1950s, the era which is known for emphasising Unique Selling Proposition - USP - i.e. each product must communicate to its potential consumers a simple but distinctive benefits. The idea of USP got a shot in arm in 1970s when “Positioning” became the dear word across corporate...