The Communication Lever

by | Jun 7, 2022

As a product or brand manager, it’s crucial to understand the importance of communication in promoting your offerings. In this blog, we’ll explore the communication lever and how you can use it to effectively communicate your product or brand message to your target audience.

In the world of product and brand management, communication is a vital tool to promote your offerings to the target audience. The communication lever refers to the strategies and techniques used to effectively communicate the value and benefits of a product or brand to the consumer. In this blog, we’ll explore the communication lever and how you can use it to develop an effective communication strategy for your product or brand.

Importance of Communication in Product and Brand Management

Communication is a critical component of product and brand management. It enables companies to communicate the unique value and benefits of their products and services to their target audience. Effective communication helps companies differentiate their offerings from competitors and creates a strong brand identity in the minds of consumers.

Understanding the Communication Lever

The communication lever consists of various strategies and techniques that companies can use to communicate their product or brand message to their target audience. Here are some key elements of the communication lever:

1. Message Development

The message is the core of any communication strategy. It should be clear, concise, and consistent with the overall brand image. Companies need to develop a message that resonates with their target audience and highlights the unique value and benefits of their product or service.

2. Target Audience Identification

Identifying the target audience is crucial to develop an effective communication strategy. Companies need to understand the demographics, psychographics, and behavior of their target audience to create a message that resonates with them.

3. Media Selection

Media selection refers to the channels used to communicate the message to the target audience. Companies need to select the right media channels that are most effective in reaching their target audience. These channels can be traditional media, such as television, radio, and print, or digital media, such as social media, email, and websites.

4. Message Delivery

Message delivery refers to the way the message is conveyed to the target audience. Companies need to choose the right tone, language, and style to effectively communicate their message. The message delivery should be consistent with the overall brand image.

Effective Communication Strategies

Here are some effective communication strategies that companies can use to promote their product or brand message:

1. Influencer Marketing

Influencer marketing involves collaborating with influencers to promote the product or brand to their followers. This strategy can be highly effective in reaching a wider audience and building brand awareness.

2. Content Marketing

Content marketing involves creating valuable content that resonates with the target audience. This strategy can be highly effective in building brand credibility and establishing thought leadership in the industry.

3. Social Media Marketing

Social media marketing involves using social media channels to promote the product or brand message to the target audience. This strategy can be highly effective in building brand awareness, engaging with customers, and driving sales.

4. Public Relations

Public relations involve building relationships with media outlets and journalists to promote the product or brand message. This strategy can be highly effective in generating media coverage and building brand credibility.

Conclusion

The communication lever is a vital tool in promoting your product or brand message to your target audience. By understanding the importance of communication and implementing effective communication strategies, companies can differentiate their offerings from competitors, build brand awareness, and drive sales.

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Product and Brand Management

1 Product Management Basic Concepts

  1. Product Management – Meaning and Scope
  2. Product Management: An Overview
  3. What is a Product?
  4. Product Classification, Differentiation
  5. Product and Brand Relationships, Product and Brand Systems
  6. Product Planning
  7. Role and Responsibilities of a Product Manager

2 Product Life Cycle (PLC)

  1. Product Life cycles Implications of Product life cycle
  2. Product Life Cycle (PLC) an aid to Product Planning
  3. Operationalising the Product Life Cycle
  4. Product Life Cycle as a Guideline for Marketing Strategy
  5. Product Life Cycle as a Guideline for framing Market Share Strategy
  6. Summary of PLC Objectives, Characteristics and Strategies
  7. Evidence and Critique for the Life Cycle Concept
  8. The Diffusion of Innovation Theory – A Parallel theory

3 Product Line Decisions

  1. Product Line Analysis
  2. Product Line Extension
  3. The Disadvantages of Line Extension
  4. Factors Influencing Product Line Decisions
  5. Category Factors Influencing Product Line Decisions

4 Product Portfolio

  1. The Portfolio Concept
  2. The Logic of Portfolio Approach
  3. Types of Display Matrices
  4. The BCG Growth-Share Matrix
  5. GE’s Strategic Business Planning Grid
  6. Shell’s Directional Policy Matrix
  7. PIMS Model
  8. Arthur D Little Co. Matrix Model
  9. Hofer’s Market Evolution
  10. Utility of Display Matrices

5 Organizing for New Product Development

  1. Setting Responsibility for New Product Development
  2. Structural Units for New Product Development
  3. Function of the New Product Development Units

6 Generation, Screening and Development of New Product Ideas

  1. Innovation and the New Product Development Process
  2. Generation of New Product Ideas
  3. Sources of New Product Ideas
  4. Methods of Generating New Product Ideas
  5. Screening of New Product Ideas
  6. Criteria for Screening New Product Ideas
  7. Development of New Product Ideas

7 Concept Development Testing and Physical Development of the Product

  1. Introduction to Concept Development
  2. New Product Development
  3. Business plan: A tool to fetch financial assistance for new product development program

8 New Product Launch

  1. Types of New Products
  2. New Product Launch the Marketing Plan
  3. Defining and Selecting the Target Market
  4. Product Strategy and Positioning
  5. Pricing the New Product
  6. Promotion of the New Product

9 Branding Concepts and Evolution

  1. Branding
  2. Strategic Relevance of Branding
  3. Branding Policy Decisions
  4. Brand Name
  5. Brand Name Selection Process
  6. How to Build a Brand?
  7. Brand Image
  8. Branding of Commodities

10 Brand Equity

  1. The Concept of Brand Equity
  2. Measurements of Brand Equity
  3. Composite Measure of Brand Equity
  4. Customer Based Brand Equity
  5. How Brand Equity is created?
  6. Building Brand Equity

11 Brand Building Blocks: Identify, Image and Positioning

  1. Introduction to Brand Building
  2. Brand Building Blocks

12 Brand Architecture and Brand Extension

  1. Developing a Brand architecture strategy
  2. Brand Architecture guidelines
  3. Brand Portfolios
  4. Rationalizing the Brand Portfolio
  5. Brand Hierarchies
  6. Levels of Brand Hierarchy
  7. Brand Hierarchy Decisions
  8. Corporate Branding
  9. Brand Extensions
  10. Types of Brand Extension
  11. Advantages and Disadvantages of Brand Extension
  12. Launching a Brand Extension

13 Enhancing Brand Equity

  1. Brand foundation-authenticity and believability

14 Managing Brands Over Time and Across Geographies

  1. Expanding to International Markets
  2. Global Marketing: Standardized vs Customized Approach
  3. Planning the Global Marketing Strategy
  4. Factors Impacting Customization
  5. Developing the Global Branding Strategy
  6. Managing Brands Over Time
  7. Levers for Sustaining Brand Value
  8. Augmenting the Brand Offering
  9. The Pricing and Distribution Levers
  10. The Communication Lever

15 Measuring Brand Equity

  1. Measuring Elements of Brand Equity
  2. Frameworks for Brand Equity Measurement
  3. Brand Report Card
  4. Need for Brand Valuation
  5. Methods of Brand Valuation