Branding - unleashing the true value
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7<br />
e<br />
TANGIBLE<br />
nefits<br />
7. BRAND EQUITY & LEGACY—Delivers <strong>the</strong><br />
commercial <strong>value</strong> that derives from consumer<br />
perception and reputation of <strong>the</strong> brand name of a<br />
particular product or service, ra<strong>the</strong>r than from <strong>the</strong><br />
product or service itself.<br />
Kasper Ulf Nielsen, an executive partner at <strong>the</strong><br />
Reputation Institute, said, “People’s willingness to buy,<br />
recommend, work for, and invest in a company is driven<br />
60% by <strong>the</strong>ir perceptions of <strong>the</strong> company and only 40%<br />
by <strong>the</strong>ir perceptions of <strong>the</strong>ir products.”