Identity-Based Brand Equity Model A Conceptual Framework Essay

Identity-Based Brand Equity Model A conceptual Framework - Essay ExampleThe following paper aims to close this essential marketing research fissure and presents a new integrated discolouration beauteousness model based on the identity-based leaf blade solicitude approach. It explores the sources of brand equity from internal and external perspectives on behavioral and financial levels in order to succeed a higher level of brand equity measurement and forethought quality.Since the late 80s - with the rise of the value-based focal point philosophy - brand equity has developed as one of the key marketing concepts throughout management theory and practice (Srinivasan et al., 2005). The challenge of delivering comprehensible evidence of brand-based equity creation encouraged researchers to develop a wide range of different brand equity models. Today it can be assumed that to a greater extent than 300 different models have been developed and implemented worldwide. (Amirkhizi, 2005) Majority of these models focuses on the consumer. (Aaker and Joachimsthaler, 2000) Supporters argue that the source of brand equity is based on the consumers brand knowledge predominantly following an outside-in approach. (Keller, 2003) However, an integrated brand equity approach also reflecting on inside-out approach has yet not acquire any attention. Nevertheless, it would be highly relevant to also consider brand equity being already created inside the company, for slip through employees. Not only do employees represent an important stakeholder group, but they also operate as the original source of brand equity. (Joachimsthaler, 2002 Jones, 2005)Such a brand equity model with an integrated brand equity definition implicates the following advantages First, most established models are based on past development and they accordingly derived prognosis. Only the integration of an internal perspective enables an accurate assessment of the entire brand equity, since the employees a ddendum to the company is captured. This useful information however is only accessible within the company. Employees are therefore sufficient of anticipating positive or negative tendencies of internal and external development at an earlier stage, which increases both patness and validity of brand equity measurement. Secondly, in majority of developed models, brand image represents the basis of evaluation. regrettably it cannot be directly controlled from the companys perspective. In this context, the expression of brand image as a construct of acceptation was defined. (Burmann and Meffert, 2005) Brand image results from decoding the brand-driven and interpreted signals. In contrast, brand identity represents a concept of sender. (Kapferer, 1992b) It can be directly managed by the company. Thirdly, the consideration of brand potential and future brand options has received little attention in