2022/2023 BA-BHAAV6033U Brand Management (Online)
English Title | |
Brand Management (Online) |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | Elective |
Level | Bachelor |
Duration | One Quarter |
Start time of the course | Autumn, First Quarter |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Max. participants | 100 |
Study board |
Study Board for BSc in Economics and Business
Administration
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Course coordinator | |
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Teaching methods | |
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Last updated on 11-02-2022 |
Relevant links |
Learning objectives | ||||||||||||||||||||||||||
At the end of the course, the successful student
will be able to:
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Course prerequisites | ||||||||||||||||||||||||||
N/A | ||||||||||||||||||||||||||
Examination | ||||||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||||
How does a company develop and fit together a brand portfolio? How can the value of a brand be measured? How does one develop a strong brand? Why do some brands fade away quickly? Why do some brands have such loyal followers? How should brands be managed over time and across different geographic areas? This course is designed to explore the concepts and tools that will help you answer these questions.
Brands are among the most valuable assets of a company. A strong brand can have a significant impact on consumer purchasing decision by communicating the value of and providing differentiation for products and services. Thus, effective brand management is critical to maintaining the long-term profitability of products and services. While branding is both an art and a science, there are certain patterns and predictability of branding activities that greatly increase the odds of success. Becoming familiar with the relevant theories and models of branding can help managers make better branding decisions. With the arrival of many interactive communications tools, there are also growing challenges as well as opportunities in the process of branding.
This course aims to develop students’ understanding of the importance of brand equity as well as how to build, measure, and manage brand equity. It will cover topics in the utilities of branding, steps/process of building brands, methods of measuring brand equity, ways to leverage brand equity, strategies in managing brand portfolios, and management of brands over time, geographic boundaries, and market segments. The content of this course is divided into four learning modules:
Module 1: Understanding Brand
This module gives a basic overview of branding. It covers what a brand is, why brands matter, characteristics of strong brands, and other fundamental concepts of branding. This module aims to familiarize the students with the key conceptual foundation of developing and managing a strong brand.
Module 2: Developing Brand
This module introduces the process of crafting a brand. It covers ways of developing brand elements, creating brand associations, and introducing a new brand, and designing marketing programs that effectively communicate the desirable brand identity to target markets.
Module 3: Evaluating Brand
This module reviews the methods of measuring and interpreting brand performance. It covers typical approaches of assessing brand equity, especially from a consumer perspective. It also offers both qualitative and quantitative tools for measuring brand image and strength.
Module 4: Managing Brand
This module focuses on the management of brands over time, geographic areas, and market segments. It covers the strategies for more established brands as they attempt to grow and stay relevant over time by examining the concepts and tools in brand extensions, consumer-brand relationships, strategic alliances, brand portfolios, global branding, and brand repositioning. |
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Description of the teaching methods | ||||||||||||||||||||||||||
The course uses online learning as a teaching
method. The course material will be delivered online with a
combination of pre-recorded video lectures and live lectures.
Accordingly, teaching material includes online lectures, individual
and group work, and discussions.
The course is highly interactive with a corresponding expectation that students engage in these interactions. |
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Feedback during the teaching period | ||||||||||||||||||||||||||
Feedback will be provided as part of the teaching in the form of dialogue between students and the teacher. It will be possible to receive ongoing feedback from the teacher regarding the different parts of the brand audit project during the course. At the end of the course, it will also be possible to receive feedback on the exam papers in written format and related to the performance of the student compared to the learning objectives. | ||||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||||
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Expected literature | ||||||||||||||||||||||||||
As a reference course book, the course will use Strategic Brand Management: Building, Measuring, and Managing Brand Equity by Kevin Lane Keller and Vanitha Swaminathan, Pearson, Global Edition.
However, the discussions and course material will not be limited to only the course book. More readings will be assigned during the term.
As supplementary material, there are several books that provide useful perspectives and ideas on brand management: Aaker's Managing Brand Equity,Building Strong Brands, and Brand Leadership (with Erich Joachimsthaler), and Kapferer's The New Strategic Brand Management.
For current industry information, The Wall Street Journal, Business Week, Fortune, Forbes, and The Economist have marketing articles that frequently deal with brand issues. Students can also stay up to date through alerts from WSJ’sCMO Today and MediaREDEF. ADWEEK is the industry trade publication, which students can also follow. |