Brand Management: Analyzing the Success of McDonald's
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Added on  2023/06/07
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This article discusses the importance of branding in modern-day business and analyzes the success of McDonald's through various aspects of brand management, including brand image, identity, personality, market share, and value.
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Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 CONCLUSION...............................................................................................................................3 REFERENCES................................................................................................................................4
INTRODUCTION Branding refers to those process under which the management of the organisation try to make the perception of the brand strong in the market. There are number of factors are used by the company such as Logo, mission statement and design of the product which helps the customers to recall the name of brand. Branding helps the organisation to develop strong and loyal customer base in the market. It is requirement to make brand analyses ofMcDonald's under which the different types of aspects are explained. MAIN BODY Branding is one of the important and valuable aspect of modern day business which enables the management to make strong image of their product and services on the minds of their customers. There are number of activities are conducted by the organisation to make their brand perception strong. Designing of attractive and unique logo for the brand is one of the most biggest factor for the development of brand perception in the market(Baumgarth, 2018). The logo of the helps the customers to recall the brand at the time of need. It helps the organisation to develop separate image in the market and makes them able to become more competitive in the market. One of the important feature of the branding is that it helps the organisation to develop Unique identity in the market and enjoys huge customer attention which are very helpful for the promotion of sales Volume.McDonald is an American multinational fast food chain which operates large number of restaurants in many countries of the world. Branding plays important role for the success of company in the market because it enables the company to make separate image in the market and it also helps the organisation to develop strong perception. The products offered by the company in the market are attractive and unique in taste which is developed due to the handwork of many long years. Brand Image Brand image refers to the perception of customer towards the product or services of the company in the market. It is the primary reason for the purchase of the product by the customers inthemarket.ThemanagementofMcDonaldisoneof thevaluableandcompetitive management world which has developed all their strategies and policies in such a way to promote the image of the brand in the market. The brand image ofMcDonald reflects diverse parameters which are Love, Joy, Youth and family. It helps the company to target the customers 1
of different age groups and makes strong perception of positivism on their minds about the product. There are many reasons are present in the market which leads to the creation of strong brand image and the most important factors for the success of brand is their Sheer simplicity. The management of company develops the background of their restaurants in red colour which helps to attracts the customers (Buhalis and Park, 2021). Brand Identity Brandidentity refers to the physical appearance of the brand which helps to distinguish the brand from other product on the minds of the customers. There are many factors are present which helps to make the identity of brand unique in the market such as logo, colour and design. The management of Mc Donald uses effective mixture of colour and design for the creation of separate image of their brand in the market. The management of company uses Golden and red colour for the creation of logo in the market. The combination of these colours helps to attracts large number of customers in the market. Brand Personality Brand personality refers to those framework of the branding which enables the company to shape the way of public opinions about the product and service of the organisation in the market. Brand personality is related to the personal and emotional response of customers about the product which provides many benefits to the organisation. The management ofMc Donald has developed effective brand personality on the minds of the customers. The customers of the company pretends the restaurant of the organisation as a place of happiness which is creates due to simplicity of the organisation. Brand Market Share The market share of the company is measures as the percentage of sales of the company in comparison to the total turnover of industry. Branding of the organisation has played important role for the market share of the company. Brand image helps to attract the number of customers in the market due to their attractive and effective logo (Greco and Polli, 2020). The management ofMcDonald is a well known which is only possible due to their strong image in the market. It helps the organisation to operate their business in effective and valuable manner. The value of the Brand Brand value isthe monetary worth of your brand, if you were to sell it. If your company were to merge or be bought out by another business, and they wanted to use your name, logo, 2
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and brand identity to sell products or services, your brand value would be the amount they would payyouforthatright(MillsandRobson,2019).TheproductrangeofMcDonaldare comparatively high but the customers are ready to buy due to their product quality. CONCLUSION It is concluded from this report that the image of brand plays important role for the success of company because it helps to increase the volume of sales. This report concludes number of aspect such as brand image, value, market share and many more in relation toMcDonald. 3
REFERENCES Books and Journals: Baumgarth, C., 2018. Brand management and the world of the arts: Collaboration, co-operation, co-creation, and inspiration.Journal of Product & Brand Management. Buhalis, D. and Park, S., 2021. Brand management and cocreation lessons from tourism and hospitality: introduction to the special issue.Journal of Product & Brand Management. Greco,F.andPolli,A.,2020.EmotionalTextMining:Customerprofilinginbrand management.International Journal of Information Management,51, p.101934. Javed, M.K., Degong, M. and Qadeer, T., 2019. Relation between Chinese consumers’ ethical perceptionsandpurchaseintentions:Aperspectiveonethicalcompany/brand management strategies.Asia Pacific Journal of Marketing and Logistics. Mills, A.J. and Robson, K., 2019. Brand management in the era of fake news: narrative response as a strategy to insulate brand value.Journal of Product & Brand Management. Piehler, R., Schade, M. and Burmann, C., 2019. Employees as a second audience: the effect of external communication on internal brand management outcomes.Journal of Brand Management,26(4), pp.445-460. 4