For Ann Harris
Unit: Developing the Brand Strategy
Product branding is setting up our business organization (no matter its capital base), writing plans, and formulating the corporate and operational strategies, perhaps on how to become a leader in a target market segment, and drive enormous returns on investment. Target markets would barely comprehend what is it our company stand for or the reason why MM company’s product has come to existence in the first place and can hardly identify products amidst competitor products in the market if the communication is not there or branded to them (Kim, Kim, and Wachter, 2012).
In communicating to market segments both globally and domestically, it is imperative that MM identify with effectiveness of branding decisions in the marketing strategy.
The importance of branding in positioning at MM cannot be over emphasized by its marketers (individuals and organizations) seeking to promote it products by creating product distinctions and identification in the target market (Varnali & Toke, 2009).
At MM, branding is a process through which our marketers seek to position and promote the new cell-phone product in the domestic and global target market, by creating product distinctions, differentiation and identification.
In this explanation, branding means the use of our name and or mark which is distinctive to the product in order to differentiate it from similar competitor’s product offerings in the target market.
MM cell phone with a text and voice translator assistant will create a distinction and differentiate the company from competitors both domestically and globally. Users will now be able to speak and text globally using their native language, but the phone will translate for the user.
In a monopolistic market – where competition is the battle (strive) for brand loyalty, greater market share, sustainability, and appropriate returns on investment, the chances for MM business survival depends largely on the degree to which MM’s brand is identifiable and achieve loyalty in the market. Hence, the need for effective branding decision becomes paramount, an urgent decision that requires an intensive analysis on the reasons for MM’s business existence in totality (Bright, 2012).
Product Name:
The Micro Mini
Product Slogan
The global technology and voice you need at a price you can afford
Product Benefits: Sleek design that fits in the palm of your hand, Low cost, advance technology that is user friendly with built-in anti-virus technology, durable casing, long battery life.
Product features
Wireless charging, interchangeable speaker and camera with zoom, wireless head-phone, lightweight, high-definition clear display, a built-in text and voice translator assistant, waterproof, 1 terabyte of storage
Bright, A., (2012) Branding. Retrieved from http://mymarketingnotebook.blogspot.com/2012/11/the-
four4-key-decisions-in-branding_14.html
Kim, H., Kim, D., Wachter, K. (2012). A study of mobile user engagement (MoEN): Engagement motivations, perceived value, satisfaction, and continued engagement intention. Retrieved from https://www.researchgate.net/profile/Kathy_Wachter/publication/259510705_A_study_of_mobile_user_engagement_MoEN_Engagement_motivations_perceived_value_satisfaction_and_continued_engagement_intention/links/56e81c4f08ae166360e4e594/A-study-of-mobile-user-engagement-MoEN-Engagement-motivations-perceived-value-satisfaction-and-continued-engagement-intention.pdf
Varnali, K., Toke, A E. (2009). Mobile marketing research: The-state-of-the-art. Retrieved from https://s3.amazonaws.com/academia.edu.documents/28916944/mobile_marketing_research_the-state-of-the-art.pdf?AWSAccessKeyId=AKIAIWOWYYGZ2Y53UL3A&Expires=1519998641&Signature=JJqpoE2XDIj9QTePYH4HdAq%2BXzE%3D&response-content-disposition=inline%3B%20filename%3DMobile_marketing_research_The-state-of-t.pdf