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Book Review : Brand Asset Management - Driving Profitable Growth Through Your Brands by Scott M. Davis

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| CW2 - Brand Book Review: Brand Asset Management | DRIVING PROFITABLE GROWTH THROUGH YOUR BRANDS by SCOTT M. DAVIS |

Linda Tran
8.3.2013
|

Introduction:
According to the author, Davis said about his book, "In a nutshell, this book is about helping companies better understand how to manage their brands as assets. But it's not about searching for the silver bullet -- the best name or logo, the coolest service or product, or anything on the Internet. This book is about a mindset shift. Obviously, a long-term commitment is required for this mindset shift to take hold and for the approach I describe in this book to work.

This book provides a roadmap to start to achieve Brand Asset Management excellence. It provides some new approaches and leverages successful approaches already established in many companies. And it demands that the brand be looked at holistically, encompassing every functional area within the organization."

Davis Create phase and steps as follow:

Phase One:
Developing a Brand Vision Elements of a brand vision

In phase one author is describing what good Brand Vision needs to incorporate the company's strategic and the financial growth goals. The key to the success is to create strong Brand Vision and every single word in it. First What the Brand vision is? How is it used? What kind of key inputs are needed and the last is Four-Part Vision Approach
What makes A Brand Vision Statement? * A statement of the overall goal for the brand * The target market the brand will strive for * The overall financial goals for which the brand will be accountable

As Vicky Shire says:‘‘ Without the Brand Vision you might go off in many different directions, without knowing which one is the right one. The Brand Vision enables you to execute the brand strategy and, ultimately, may be a way to achieve the corporate vision’’

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