MyCIMA

E1 - Brands

Replies : 7
Keywords: brands, E1

Hi,

 

I've just been looking at the exam practice for E1 regarding how to develop and implement a brand-building strategy that will enable a company to establish
a new producr in the marketplace, and I am stumped. It's hardly mentioned in my sudy text, it only discusses the value of the brand.

 

Anyone got any ideas???


Thanks

Brand

I've just been looking at the same question.

I'd start by saying what a brand is (from the start of the article)

Then the need to build a strategy based on the objectives of the business - family orientated, organic produce.

So the brand needs to built around those factors, but within the financial boundaries as to not over-gear the business, which will keep the board happy.

The research shows 90% of people can afford their crisps, then then its a case of maybe segmenting and picking their target market of that 90%, this will help with the branding, knowing their target ordiance (family orientated, organic produce = health conscious 30+ with children, possibly?)

Then using elements of the marketing mix to brand their product which appeals to their target market.

It could be argued to talk about the business to business also been incorporated into their marketing mix as well as business to customer marketing. As the questions states about who they are to supply to.

 To implemement the stratgey a dedicated team could be assembled as proctor and gamble did earlier in the article?

 Whats your thinking on the above? agree / disagree with those points?

I have a tendancy to veer off at tangents and ultimately not answer the actual question!

 Anyone else have any input?

Brand in text books

Dear Ryan,

Are you referring to the exam practice question in this article?  A model answer will be published in the December issue of Velocity, CIMA’s online student magazine (www.cimaglobal.com/velocity). 

Meanwhile, both the CIMA/Kaplan and BPP text books have coverage on Brand Strategies.  You may refer to p.334 in the CIMA text book and p.233 in the BPP text book.

Good luck and best regards,

Sam

CIMAsphere Moderator 

E1 - Brands

Thanks for that Dan, it makes sense, I think the wording throws me on some of the questions. I know what you mean though about going off on tangents: it's easily done!

Sam I'm actually studying from Kaplan's Nov 10-May 11 books for this exam, I seriously cant see anything about brand strategies....

Cheers


Ryan

Textbooks

Hi Ryan,

I was referring to the Nov 2011- May 2012 version.

Rds,

Sam

CIMAsphere Moderator

E1 - Brands

Thanks Sam thought as much - brand strategy is not mentioned in my book :-(

Do you know of anywhere I can get this info?

 

Thanks


Ryan

CIMA Text Book!

Dear Sam,

Are you referring brading strategies notes in the latest CIMA text book or the old one. I possess the old one and it does not run upto Pg. 334.

If I am to refer the old version of your copy, should I check out Marketing Strategy, will that suffice to answer that question?

Kind Regards,

Ashraff

CIMA Text Book

Dear Ashraff,

I was referring to the latest Kaplan CIMA text book.  Hope you have found the exam ok earlier this week.

Best regards,

Sam

CIMAsphere Moderator