Brand-Management as a Type of Management Activity

Keywords: brand, branding, brand management paradigms, brand management models

Abstract

The article is devoted to the problem of forming effective brand management as a type of management activity.

The concepts of "brand", "branding" are quite successfully entered into everyday use, and mainly focuses on the economic aspect of these concepts. But in modern conditions, the above concepts are relevant due to social factors.  If the economic aspect of brand management includes profit, the social aspect focuses on the formation of the image of the company or brand through the work or department of the company or all employees.

To form an effective brand management system, it is proposed to analyze the paradigms and models of brand management. Each of the paradigms has both positive and negative sides, but today it is important to combine only promising areas.

Each of them took into account the specifics of the external environment and the development of society. For the paradigm of the XX century is characterized, for example, the production and sale of products, while for the paradigm of the XXI century, the main thing is to form the image of the product, because competition is quite serious.

It is proposed to consider two models of brand management: western and eastern. The Western model focuses on the promotion of individual brands, while in the Eastern model the emphasis on the company is often associated with «choice». The considered models of brand management successfully function in economically developed countries. In particular, the Western model is most characteristic of North America and Western Europe, the Eastern model has become widespread in Southeast Asia. Globalization has affected in such a way that a mixed brand management system is popular today. By the way, it is also typical for Ukraine.

The fate of the formation of an effective brand management system is important to take into account various factors. Due to this, brand management will be successful for any company or organization.

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Published
2020-06-30
Section
THEORETICAL PROVISIONS OF SOCIOLOGICAL INVESTIGATIONS