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BrandZ_2015_LATAM_Top50_Report
BrandZ_2015_LATAM_Top50_Report
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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 />
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