The consumption paradigm prevailing in the new marketing era is shifting from functional consumption to preferential consumption. This trend towards consumption based on tastes highlights the emphasis on selling images rather than focusing on the func...
The consumption paradigm prevailing in the new marketing era is shifting from functional consumption to preferential consumption. This trend towards consumption based on tastes highlights the emphasis on selling images rather than focusing on the functionalities of products. Corporate branding as well as all sorts of product branding play significant roles in deicing consumption trends.
In addition, brand resembles an organic matter in the sense that it has a life cycle and actually goes through processes of introduction, growth, maturity, and decline. In this era of fierce competition among corporations, it is almost impossible for one brand to be on top forever. Case studies on several brands, which are relatively recognized as the best brands at least in the subconscious of consumers, are carried out to determine the appropriate background and period of renewal as well as effective brand renewal methods.