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" Is there a brand life cycle ? "

The concept of brand life cycle is absent from most books on branding !! So, what do you think about this concept ? Does it exist ? And some people say that both product life cycle and brand life cycle are the same ! Please share your opinions. !!

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Question added by Hiras Kariyattil Muthunny , Chief Marketing Officer , Smart Consulting Solutions Pte Ltd
Date Posted: 2014/08/12

In addition to what Zafar has aptly explained, brands do die off when the company that owns these brands go out of business. However, if the brand name has a customer base, other competitors may buy it and introduce it in their product line and give the brand a new life line.

ALAMGEER HUSSAIN HASHMI
by ALAMGEER HUSSAIN HASHMI , REGIONAL SALES & OPERATIONS MANAGER , Uth Healthcare Pvt., Ltd

Every brand has its own life cycle and after staying there as king in the market for ceratin period  does show decline reasons are many:

Too many brands around 

Brands with better customer appeal 

Brands with good value proposition 

Brands with improved formula

Brands with many brand extensions or Variants

Brands with similar formula but at lesser price.

To extend life cycle of that brand or add lease to its life you have to rebrand and relaunch it  with some gimmick like improved taste or formula added features much appealing or value to the customer and have marketing strategy in place as if it is a new brand for the company and customer.

Haseeb Khalid
by Haseeb Khalid , Sales and Promotion Manager. , Medi Urge

Common believe is brand life cycle is same of Product lif cycle. i beleive there are different kind of brands like product brand, corporate brand, service brand and global brands.  Like all Big brands Sony they are not specific to one product like LED or smart phone or music players. some brands have life and some ll die only because of poor strategy like Pepsi brand might die but Pepsi co ll survive with diversification in sahpe of water, lays and many other. 

zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

YES,,,,, PRODUCT LIFE CYCLE EXIST BUT TO ME OLD BRAND IS A VALUE ,,, NEED IS TO REFINE , REVIEW , REDESIGN , SOME TIMES RELAUNCH THE OLD BRAND TO COPE UP WITH FAST CHANGING MARKET REQUIREMENTS .... GOOD DAY

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

Good Day!!!

Every brand or product has its life cycle: product development stage, introduction stage, growth stage, maturity stage and declining stage. Every brand/product has a different/its own and exclusive life cycle.

Pharmaceutical companies are recognizing the need and making effots to work on more effective strategic planning and rigorous approach to evolve their established brands for maximum competitive advantage and long life cycle.

E.g., Zantac / Tagamet / Septran etc etc...... are the classical examples of effective Brand life cycle management...... otherwise they might out of the market decades before.

Same applies to other industries.

 

In very rare caases Brand life cycle exist, but the main aspects is for products or services

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

The Product Life Cycle is one of the most basic concepts of modern marketing. The idea behind it is simple: products have lives of their own that are similar to the lives of organisms.

personally I do believe of the ability that each product could be could  ( brand life cycle) looking at the satisfaction it gave to the consumers and how they mentally connected with that brand.

Bosco Couto
by Bosco Couto , Associate - Collateral Management , BNP Paribas CIB

Every brand or product has its life cycle: product development stage, introduction stage, growth stage, maturity stage and declining stage. Every brand/product has a different/its own and exclusive life cycle.

Pharmaceutical companies are recognizing the need and making effots to work on more effective strategic planning and rigorous approach to evolve their established brands for maximum competitive advantage and long life cycle.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Certain brands win and live over the life cycle mechanism and may remain as if there is no natural death to the brand e.g. certain brands of cosmetics, confectinary, biscuits ....as they  strongly registered in the mind of people over generations.

samson chipawe
by samson chipawe , Shift Manager , Red Carpet Movies

Every brand has its own life cycle and after staying there as king in the market for certain period  does show decline reasons are many:

Too many brands around 

Brands with better customer appeal 

Brands with a good value proposition 

Brands with improved formula

Brands with many brand extensions or Variants

Brands with similar formula but at lesser price.

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