BST 3115 Brand Strategy
BST 3115 Brand Strategy
This course builds on MRK 3564 Branding. The course is a continuation and an extension of MRK 3564, but will also go deeper into overall brand strategy and different tactics and strategies one can choose from to succeed. In addition, the course focuses on more practical skills in developing a brand strategy. The students will get experience in collecting and analyzing data on the brand’s current strategic situation, and how to formulate a clear brand strategy. An important part of the course is to collect qualitative data from consumers and be able to analyze these data to get a better understanding of brand strength.
- The students should have knowledge of the important parts of a brand strategy. Key topics are categorization, positioning and brand strategy models.
- The students should be familiar with the brand value chain as analytic model.
- The students should have knowledge of important methods in qualitative analysis of brand value and association mapping, and have knowledge on how to collect consumer data and analyze the data to understand the strategic situation of the brand.
- The students should have knowledge of important strategies to build brand value. Key topics are brand elements, brand alliances, sponsorships, brand communication (e.g. influencers, product placements) and the employees as brand champions.
- The students should have knowledge of the characteristics of a clear brand strategy
- The students will be able to use key constructs in brand strategy and be able to develop a brand strategy with a clear brand positioning.
- The students will be able to collect and analyze qualitative consumer data and achieve insight on the brand’s current strategic situation
- The students will be able to choose between different strategies to build the brand and deliver on the brand strategy.
- The students must show maturity and willingness to consider the ethical and social dilemmas related to working with brand strategies.
- It is important that students are aware of their power of influence in relation to the consumer, and how such power can influence the results of the data collection.
The course applies a management perspective, which is the basis for its approach to strategic branding. The course’s goal is to develop knowledge and skills to analyze and develop a brand strategy, and choose among different strategies on how to achieve this strategy in the market.
Whether you plan to develop a new brand or an existing one, the brand analysis and understanding the target groups are important. The students must get knowledge and experience through a set of analytical approaches to understand the brand's positioning in the market. This analysis will lead to an understanding of a brand's strategic opportunities.
Companies and organizations working with brands have a need to understand brand strategy and positioning. Brand strategies change over time when markets, consumers, competition and the general economy change. To understand brand strategy, students must therefore have knowledge about the market the company and organization operate.
Strategic choices concern which strategies should be used towards different target groups and brands. In this course, increased understanding of how different strategic tools can be used to succeed with the brand strategy will be important. Important strategies are for example brand elements, brand alliances, brand communication and the use of employees as brand champions.
Brand strategy consists of the following topics:
- Basic understanding of brands and key constructs
- Knowledge about the market and consumers
- Categorization theory
- Strategic brand positioning
- Brand portfolios and positioning
- Methods for mapping brand associations and qualitative data analysis
- Data collection and analysis to understand the brand’s current strategic situation
- Choice of strategies and developing the brand platform
- Brand strategy and brand platform document
- Choice of strategies to achieve the brand strategy
- Brand growth opportunities
- Brand strategy in practice – simulation game
The course consists of 70 hours over one semester, with a blend of on campus lectures and digital modules.
Teaching will consist as a mix of lectures, group work and group presentations.
The students will develop a brand strategy for a given brand (project assignment). The lecture will follow the progression of the brand strategy project with in class discussions and workshops with the lecturer as a facilitator and advisor.
The assignment can be solved individually or in groups of maximum three students. Academic supervision on the project is given in groups, individually or in seminars. Groups cannot be changed after November 1.
In addition, a part of the course will include a digital simulation game (BrandPro). The game will take place during lecture hours.
Licenses to play the simulation game BrandPro must be paid for by the students. Currently, one license costs 35 Euro. However, this price could change.
The students will also prepare a research proposal related to brand management.
Re-sit examination
A re-sit in exam codes BST 31151 and BST 31152 are offered autumn 2021 and last time autumn 2022.
Two years of college education in economics and business administration, marketing or equivalent is required for taking the course.
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
Knowledge of Marketing Management, Consumer Behaviour and Methods.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 60 Grouping: Group/Individual (1 - 3) Duration: 3 Month(s) Comment: All exams must be passed to obtain a final grade in the course. Exam code: BST31153 Grading scale: ECTS Resit: Examination when next scheduled course |
Exam category: Activity Form of assessment: Presentation and discussion Weight: 40 Grouping: Group/Individual (1 - 3) Duration: 30 Minute(s) Comment: Presentation and defence of brand strategy developed for a given brand. All exams must be passed to obtain a final grade in the course. Exam code: BST31154 Grading scale: ECTS Resit: Examination when next scheduled course |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 70 Hour(s) | |
Feedback activities and counselling | 20 Hour(s) | Guidance Each group is given guidance twice in connection with the work on the project paper. |
Prepare for teaching | 160 Hour(s) | |
Group work / Assignments | 50 Hour(s) | |
Submission(s) | 100 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.