23.09.2015 Views

+2%

BrandZ_2015_LATAM_Top50_Report

BrandZ_2015_LATAM_Top50_Report

SHOW MORE
SHOW LESS
  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

BRAZIL<br />

THOUGHT LEADERSHIP<br />

TOP 50 MOST VALUABLE LATIN AMERICAN BRANDS 2015<br />

NEUROSCIENCE:<br />

HELPING BRANDS<br />

MAKE THE<br />

CONNECTION<br />

FRANCISCO BAYEUX<br />

Global Innovations<br />

Millward Brown, Brazil<br />

Francisco.Bayeux@millwardbrown.com<br />

2015 has been a challenging year for Brazil<br />

so far. Inflation is increasing faster than<br />

predicted, and it’s not clear when the<br />

economic downturn will pass.<br />

Maybe this is all a reflection of the<br />

current political crisis in the country<br />

as many expert analysts point to, but<br />

whatever the cause, one thing is a<br />

certainty: brands will need to work hard<br />

to make consumers pay a premium for<br />

them.<br />

And what is the key thing to take into<br />

account to maintain a strong brand in<br />

a scenario like this? Before answering<br />

this question, let’s take one step back<br />

and get some context for the consumer<br />

response to this, which is to understand<br />

how a purchase decision is made.<br />

Neuroscience has taught us that both<br />

the intuitive and reflexive parts of our<br />

brain play a role in decision making,<br />

but that we pay more attention to the<br />

intuitive/automatic portion of our brain.<br />

The reason for this is very clear, it is<br />

because it takes more energy to access<br />

the reflexive portion of our brain.<br />

However, it’s fairly obvious that in<br />

difficult economic periods, people<br />

will think more about the things they<br />

need to buy, be it by questioning the<br />

importance of making that particular<br />

purchase or wondering if they need to<br />

spend less money on certain categories<br />

that they are used to buying.<br />

But this doesn’t mean that in this<br />

scenario brands will need to work<br />

harder on their ‘rational’ justifications of<br />

why they are a good purchase, because<br />

as explained before, people will continue<br />

to initially react instinctively to a brand<br />

before reflecting on the reasons to buy<br />

it. The one thing that gains importance<br />

in this period is making the bridge<br />

between the intuitive associations a<br />

certain brand may have and the rational<br />

arguments of why to buy it.<br />

A WELL<br />

CONNECTED BRAND<br />

The Brazilian beer brand Skol is a great<br />

example to help understand this (once<br />

again, it’s top of this country’s brand<br />

ranking with a positive variation of<br />

20% in its brand value). If you ask any<br />

Brazilian what they think of Skol, they<br />

will probably instantaneously mention<br />

things like ‘fun’, ‘playful’, ‘happiness’,<br />

‘friends’. These associations have been<br />

built over the years that the brand has<br />

been communicating under the ‘Desce<br />

redondo’ big idea (something that<br />

can be translated as ‘easy to drink’).<br />

Making the connection between these<br />

emotional/positioning aspects with<br />

the product functional benefit of being<br />

a light beer to drink really cold is quite<br />

natural. It is in just this kind of situation,<br />

when people are having fun, that<br />

they want to drink a beer with these<br />

characteristics – therefore, the rational<br />

arguments to buy the brand come<br />

even more easily to mind because<br />

of the intuitive, automatic footprint<br />

that it has built, mainly through its<br />

communication efforts.<br />

It is these clear connections<br />

between the brand proposition and<br />

the positive functional benefits<br />

that will help brands maintain a<br />

strong relationship with consumers<br />

as they seek more justification for<br />

their purchasing decisions. And this<br />

may mean an even more important<br />

role for the brand communication<br />

efforts, as it is the best way you can<br />

reinforce or build these associations.<br />

62 63

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!