Brand and Marketing Performance of Maryland Cookies
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This report evaluates the brand and marketing performance of the Maryland Cookies brand through brand heritage, brand name analysis, brand image analysis, and the four building blocks. It also analyses the Maryland Cookies brand using the brand image, and the segmentation, targeting, and positioning (STP) model.
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Maryland Cookies2 Maryland Cookies Introduction The current business environment boasts popular and famous brand names from varied companies in the world, such as Coca-Cola, Nike, and Gucci. When compared to other industries, the food and beverage industry evidence the existence of different brands that define and distinguish companies from their competitors. The purpose of creating strong brands correlates with the objectives of a company and the need to identify the personal needs of their respective customers in different market segments. Moreover, the embrace of a branding strategy enables a company to not only survive in the current competitive market but also foster future business success and financial returns. This report will evaluate the brand and marketing performance of the Maryland Cookies brand through the following theories, namely, brand heritage, brand name analysis, brand image analysis, and the four building blocks. Moreover, this report will analyse the Maryland Cookies brand using the brand image, and the segmentation, targeting, and positioning (STP) model. The last section of the report (See Appendix 1) will highlight the concept board for the new brand. Brand and Market Performance Brand Heritage Despite the fact that brand heritage has existed for many years, it is currently identified as an emerging marketing concept adopted by companies to utilize the historical and emotional connection customers have towards particular products (Merchant and Rose 2013; Wiedmann, Hennigs, Schmidt, and Wuestefeld 2011). In addition to highlighting the relevance of the history of a brand, Riezeboz (2003) provides a comprehensive discussion on the measures that companies adopt to develop, manage, and protect their brand identities. The Maryland Cookies, which is a brand name for the cookies produced by Burton’s Biscuits
Maryland Cookies3 Company not only strengthens the emotional connection with their consumers in the United Kingdom but also gives the company an edge of their fiercest competitors. Findings from a study carried out by Hudson and Balmer (2013) reveal reasons how corporate heritage brands attract customers from different market segments. In their discussion, Hudson and Balmer (2013) expound on the ideas borrowed from Mead’s theory of the past to discuss the connection between consumer behaviour and corporate heritage brands. Whereas the aspect of brand heritage elicits nostalgia and authenticity, the resulting findings elucidate its role of linking consumers with a particular history of the brand. As businesses seek to identify and strengthen their brand identities, Pecot and De Barnier (2017), and Hakala, Lätti, and Sandberg (2011) elaborate on the dynamic construct posed by the aspect of brand heritage. Findings from these studies indicate that companies utilise principles drawn from the brand heritage purposely to differentiate their products from their competitors. Correspondingly, the authors attribute the relevance of brand heritage adopted by different companies to increase the consistency of their products based on ideas borrowed from their history. Therefore, it vital to note that there exists a multitude of studies elaborating on the significance of brand heritage and various strategies that companies embrace to define their brand identities. These traits are evidenced by the Maryland cookies brand that has existed for over seven decades since its launch in the late 1950s (Burton’s Biscuits Company 2018). Brand Name Analysis Kapferer (2012) accounts for the strategies adopted in the current business environment by businesses for survival because of the growing levels of competition in their industries. Many successful companies have distinguished brand names for their products as they seek to increase the global market share. Whereas other companies flourish by using their names on their varied products, there are those that only seek to change the brand names
Maryland Cookies4 of their commodities. The Maryland Cookies, which has become a household name in the U.K. is the brand name of the cookies produced by the Burton’s Biscuits Company. The existing statistics gives Maryland Cookies an edge over other cookies because of its popularity among customers from different age groups. The need for a company to create a brand, therefore, entails the process of embracing certain characteristics that are unique and different, for example, logo, design and packaging, and name. These characteristics notably referred to as brand elements play helps consumers to identify and distinguish products of companies in the market (Riezeboz, 2003). On the other hand, product management provides vital information that ascertains the role of a brand name in prompting the first point of communication with potential and existing customers (Anandan, 2009). Accordingly, Aaker (2012) highlights the successes of appropriate brand names that connects customers to products. As a valuable asset, principles manifested in brand name strategies strengthen the identity and the projected image of a particular product against similar products on the market. In this regard, Maryland cookies brand is characterised with a unique brand name that evidently continues to create success for the Burton’s Biscuits Company. Brand Image According to Keller (2013), branding has been around for many centuries with businesses embracing the concept to differentiate their products from each other. Moreover, Keller (2013) relates the brand image to the consumer’s perception of a brand manifested through associations, uniqueness, and favourability. This report will adopt Keller’s knowledge model to outline Maryland’s cookies brand awareness and brand knowledge. The table below presents different brand associations as elaborated by Keller (2013).
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Maryland Cookies5 Table 1: Summary of Types of Brand Associations’ Brand AssociationsSummary 1. StrengthThis association is elicited when an individual thinks deeply about a product’s information and relates it to the prevailing brand knowledge. Additionally, this association is revealed through direct experiences that further creates the strongest brand attribute. When compared to personal experiences, company-influenced sources of information, for example, advertising often create the weakest association. 2. FavourabilityThis association is created and heightened marketers who further convince consumers that their particular brand meets their needs and wants. Accordingly, consumers make their judgement based on the attributes and benefits presented in the brands. The aspect of situation or context-dependant reveals varied purchase decisions based on what consumers want to achieve. 3. UniquenessThe attribute of uniqueness towards consumers may be fostered and achieved in many ways by marketers. First, marketers can create comparisons with direct competitors and further highlight the relevance of their brand, for example, basing the differences on performance- related factors. Second, a product might depict a set of shared beliefs among different members in a particular category. Consumers might also be attracted to additional offerings presented alongside the product, for example, shipping and delivery of brands purchased online. 4. Price informationConsidered as a non-product-related attribute, price information tends to
Maryland Cookies6 be used by consumers in their purchase decision process. Consumers always embrace the price attribute at provides knowledge of a brand’s category when compared to other products in the market. 5. Packaging or product appearance information This attribute is vital for specific brands that influence consumers purchasing decision. This association is also manifested with a definite colour and appearance that differentiates the brand from other similar products on the market, for example, the Samsung is always detailed with blue and white colour appearances. Source: Keller (2013). The analysis of Maryland’s Cookies brand based on this model details all the factors discussed in the table above. First, Maryland’s cookies brand is identified as a household name, therefore, many people in the U.K. have got considerable knowledge and information regarding the brand. In addition to the personal experiences that consumers have had with this cookies brand, Maryland’s Cookies uniqueness is stressed through its colour, texts, availability, and other associations that consumers have formed with this brand. The associations formed have created the brand image through its packaging, advertising, and other promotional tools as the number of consumers continues to grow. In this case, it is vital to note that brand image is created automatically based on the discussion of the associations above manifested through Maryland’s Cookies appeal, popularity, and overall taste. Four building blocks The brand resonance model presented by Keller (2013) elaborates on the four crucial steps of building a strong brand. The first step entails the process of identifying the prospect brand with customers. Moreover, Keller (2013) points out that the relationship should be built in the minds of the customers and matched to a specific product, need, want, or benefit. This
Maryland Cookies7 will help the brand to stand put against existing or similar products in the market. Subsequently, the second step is hinged on the relationship created in the first step by ensuring that the customers understand and get the meaning of the brand in their minds. This step is further facilitated by connecting the customers to the varying tangible or intangible brand associations, for example, packing or product appearance. The third step established by Keller (2013) involves the process of prompting honest responses from the customers regarding the brand. The responses can then be adopted to make changes or strategically improve the condition, taste, appearance of the brand. The last step, therefore, focuses on addressing the responses in a bid to activate brand resonance and subsequently initiate customer loyalty to the brand. Apply the brand image transfer and STP theories The application of brand image transfer is evident mostly in sporting events and sponsorships as elaborated by Gwinner and Eaton (1999) who acknowledge Keller’s (2013) brand associations held by a consumer regarding a particular brand. Similarly, Smith (2004) accounts for the existing minimal studies ascertaining the intensity of image transfer before and after the occurrence of a sponsored event. However, findings from the study he carried out revealed knowledge, power, and quality as factors that influenced that influences brand image transfer. The evaluation of the model indicates that companies can utilise its principles to ascertain their performance and further understand customers’ brand awareness of their respective brands through linkages, such as sporting events and celebrities. In addition to the roles played by the brand image transfer model, Camilleri (2018) reveals the significance of the segmentation, targeting, and positioning approach that companies use strategically to meet needs of their customers. The complexity of meeting each individual’s preference forces companies to adopt the target marketing strategy where they divide a particular market into segments and develop products or render services to the
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Maryland Cookies8 selected segments. Additionally, brand positioning is embraced by companies to market their image and capture the minds of their target customers located in different geographical locations as elaborated by Kalafatis, Tsogas, and Blankson (2000). Conclusion Conclusively, it is vital to note the relevance of this report in drawing out the strategies evidenced by the Maryland Cookies brand, for example, the colour and its distinct packaging. The findings in this report indicated that Maryland Cookies brand is not only unique but also confirms its brand heritage, emotional connection, and the competitive edge it creates in the market. In addition to outlining the function of brand name analysis, this report also provided a comprehensive discussion on the brand image, the resulting brand associations, and lastly, the models adopted in marketing.
Maryland Cookies9 References Aaker, D. A. (2012)Building strong brands. New York: Simon and Schuster. Anandan, C. (2009)Product management.New Delhi: Tata McGraw-Hill Education. Burton’s Biscuits Company (2018)Our brands. Available from: http://www.burtonsbiscuits.com/our-brands/[Accessed on 7 August, 2018]. Camilleri, M. A. (2018) Market Segmentation, Targeting and Positioning. InTravel Marketing, Tourism Economics and the Airline Product(pp. 69-83). Springer, Cham. Gwinner, K.P. and Eaton, J. (1999) Building brand image through event sponsorship: The role of image transfer.Journal of Advertising.28(4), pp.47-57. Hakala, U., Lätti, S. and Sandberg, B. (2011) Operationalising brand heritage and cultural heritage.Journal of Product & Brand Management. 20(6), pp.447-456. Hudson, B.T. and Balmer, J.M. (2013) Corporate heritage brands: Mead's theory of the past.Corporate Communications: An International Journal. 18(3), pp.347-361. Kalafatis, S. P., Tsogas, M. H., & Blankson, C. (2000) Positioning strategies in business markets.Journal of Business & Industrial Marketing.15(6), 416-437. Kapferer, J. N. (2012)The new strategic brand management: Advanced insights and strategic thinking. London: Kogan page publishers. Keller, K. L. (2013)Strategic brand management: Building, measuring, and managing brand equity. Harlow: Pearson. Merchant, A., and Rose, G. M. (2013) Effects of advertising-evoked vicarious nostalgia on brand heritage.Journal of Business Research. 66(12), 2619-2625. Pecot, F. and De Barnier, V. (2017) Brand heritage: The past in the service of brand management.Sage Journals.32(4), pp.72-90. Riezeboz, R. (2003)Brand Management - A theoretical and Practical Approach. Harlow: Pearson Education Limited.
Maryland Cookies10 Smith, G. (2004) Brand image transfer through sponsorship: A consumer learning perspective.Journal of Marketing Management.20(3-4), pp.457-474. Wiedmann, K. P., Hennigs, N., Schmidt, S. and Wuestefeld, T. (2011) Drivers and outcomes of brand heritage: consumers' perception of heritage brands in the automotive industry.Journal of Marketing Theory and Practice.19(2), pp.205-220.
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Maryland Cookies11 APPENDIX Appendix 1: Concept Board for the New Brand Generate names- brainstorm on available names Screening initial candidates— elimination phases Study the resulting candidate names – engage legal name screening Team to deliberate on the new name