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Identify the Top Five Brands in the World in 2010. Explain How These Brands Managed to Build Brand Equity and Discuss the Advantages These Brands (and Firms) Enjoy Due to Their Substantial Brand Equity

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Submitted By kevins
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Introduction
Kotler (1996:284) describes brand equity as the value of a brand based on the extent to which it has high brand loyalty, name awareness, perceived quality, strong brand associations, patents and trademarks and The Wall Street Journal (2010:1) ranked the top five brands as Coca cola, IBM, Microsoft, Google and General Electric.
Coca cola
Bilaras (2012:1) maintains that Coca cola built its brand equity by adapting a global marketing strategy, which considered the whole world as a single market. The reason behind this global focus was that they viewed their product as one that can be used by everyone irrespective of age and gender. To achieve this, Coca cola created an efficient and extensive distribution system throughout the world.
According to the company’s 2010 review, it managed to build its brand equity by establishing a close relationship with its bottling partners who work closely with customers to execute localized strategies developed in partnership with them. Through effective collaboration, they are able to sell Coca cola products to consumers at a rate of 1.7 billion servings a day.
Coca cola’s brand equity growth is also attributed to its expanded brand variety of products like diet coke, sprite, Fanta, Minute Maid and others to appeal to a wider demographic, asserts Bilaras (2012:1). This resulted in consumers viewing coke as a part of life, leading to a high degree of brand loyalty, and growth.
Growth in brand equity was also realised through advertising and sponsorships, especially of the Fifa World Cup, with the 2010 event being watched by 3.2 billion people, according to FIFA (2011). This exposure helped create further worldwide demand and a boost to the brand image.

IBM Greenwald (2012:1), states that initially, the IBM brand success was premised on its strong technology heritage in the mainframe computer business until

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