Sunday, October 19, 2014

Brands (#4)

Greetings Earthlings!
            Coming to you live from the world of Marketing, I wonder how you all are doing on this evening that I write to you all.  Today’s agenda we’ll be looking at the awesomeness that is branding.  For those of you who don’t know branding is the marketing decision in which an organization uses a name, phrase, design, symbols or combination of these to identify it’s products and distinguishes them from those of competitors.  We all know a product brand when we see it for example the golden arches of McDonald’s or that good old check mark that is Nike. One product that has great brand equity when I think about it comes from Johnson & Johnson; Band-Aids are exactly what they sound like.  They are adhesive bandages that help protect your warrior scars, the significance behind this is how we give it recognition.  Majority of people refer to bandages as Band-Aids without regard to the actual brand that you are using, this is how you create what I like to call
‘Dominant Brand.’  As you can see on the Johnson & Johnson bandage packaging there actual name is very small and not to revealing the focus is all on the brand name and the actual product.  Their marketing strategy has been very effective over the years. 
            
            Another brand that people refer to a lot but doesn't necessarily have the same type of superiority as Johnson & Johnson is Kodak, who was the leader in the photography industry.  In the late 90’s Kodak began to lose their edge because they were reluctant to use innovation which they had the resources to propel them forward but they wanted to stick with using photographic film when new companies were emerging with digital film.  Now Kodak focuses on packaging, functional printing, graphic communications and professional services for businesses around the world.  Its main business segments are Digital Printing, Enterprise & Graphics, Entertainment, and Commercial Film. In their rain of power and sometimes still used today whenever there is a beautiful moment at play in the universe people like to say “That’s a Kodak Moment.”  Taglines are used in marketing to fulfill task such as the one that Kodak fulfilled, that came up with this catchy slogan that appealed to consumers of all ages and ran with it.  A tagline if you don’t know is just another word for a slogan for example Uncle Sam’s famous ‘We Want You” phrase that is
seen across America when it’s election time, which by the way will be coming up in another year.   

Today’s Promotion


So in big news for all those Apple brand lovers, the company is making another innovative move with the start of their new pay system.  The way it works you have a finger scanner that recognizes you finger print and in participating store’s you can just purchase your items through your phone, also you can hold your phone up to the register and have the cashier scan the bar code which I can’t even lie being an Android lover is pretty neat.  Tim Cook announced on Thursday that on Monday, October 20th the company will be launching this new system on their iPhone 6’s so if you’re an apple lover and have yet to upgrade here’s something else that will motivate you.  Cook let us know that roughly 500 banks will be participating in this system so the chances of you bank being one of them are very high, also the retailers that are participating in this event so far are Bloomingdale’s, Macy’s, McDonald’s, Staples, and Whole Foods.  Some large trademark companies when you think about it which helps apple be more dominant than they already are today.  Click on the link provided below to go to the article to read more about this awesome new feature that Apple is bringing to the table and also to watch a video on it.  

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