Managing brand(s) in reality is a process constantly requiring daily decision,hence some companies appoint brand manager to be responsible for the development and performance of the brand or a portfolio of brands.
This article is to briefly understand some of the major role played by a brand manager.
Essentially,the role involves the following:
- Analyze the market and its activity,including the growth factors of the total market and various market segments within it,and their performance relative to the competition
- Ensure that the brand platform is maintained and that the brand stays true to its values and positioning
- Propose future brand strategy with particular regard to positioning,extensions and others
- Manage the marketing mix-price,promotion,packaging and others
- Measure the success of brand performance,assess expenditure against volume,profit and other variable.
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FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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