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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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 Brand IdentityBrand Image
1Brand identity develops from the source or the company.Brand image is perceived by the receiver or the consumer.
2Brand message is tied together in terms of brand identity.Brand message is untied by the consumer in the form of brand image.
3The general meaning of brand identity is “who you really are?”The general meaning of brand image is “How market perceives you?”
4It’s nature is that it is substance oriented or strategic.It’s nature is that it is appearance oriented or tactical.
5Brand identity symbolizes firms’ reality. Brand image symbolizes perception of consumers
6Brand identity represents “your desire”.Brand image represents “others view”
7It is enduring.It is superficial.
8Identity is looking ahead.Image is looking back.
9Identity is active.Image is passive.
10It signifies “where you want to be”.It signifies “what you have got”.
11It is total promise that a company makes to consumers.It is total consumers’ perception about the brand.

Focus on shaping your brand identity, brand image will follow.

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