Brands and Branding (The Economist Series)

Rating:
Summary: Excellent Overview of Brands and Brand Management
Review: This volume greatly benefits from many different perspectives and authors in tightly written essays that focus on brands, brand management and the future of brands.

Part one examines the definition of what a brand is, the history of brands and the social and economic importance of brands. Many will be intrigued to see that there are now methodologies for valuing brands independently of the operations of the companies that own them. For many public companies, the operating value is relatively slight without the brand values. There are a number of mini cases involving the world's most valuable brands (such as Coca-Cola and McDonald's). This background will be especially relevant to the general reader and for students new to the subject.

Part two looks at brand development and management in detail. This section will be very valuable to those who have not had much experience with brands.

Part three looks at the future of brands. I found this section to be the most interesting as the book looked at issues like the global debate about whether brands "steal" from poor consumers and workers in developing countries, the rise of Asian brands, country branding, adding social agendas to brands and protecting brands from counterfeiters worldwide.

The essays are nicely summarized in Rita Clifton's concluding essay, "The Future of Brands."

Each essay contains many references that can allow those who wish to learn more the pathway to take such steps.

I was pleased to see that the essays did not simply espouse the traditional wisdom on brands, but chose to "push the envelope" to provide more up-to-date and aggressive thinking.

I have a hard time imagining that you could find a better introduction to the subject in such a slim volume.