Page 31 - Fisherman's Friend Teaching Note
P. 31
Brand
Some brands survive and thrive, by being stubbornly
resistant to change e.g. Tunnock’s Caramel Wafers being
built on staying familiar. But most brands are compelled
towards rejuvenation and reinvention, to maintain both
appeal and relevance. Fisherman’s Friend is a case in
point. At first glance it appears that nothing had changed
on its iconic pack in the last 50 years. But a closer
inspection shows that actually, it has been subtly
renewing its appeal on a regular basis, with tweaks and
touches that keep it contemporary enough to appeal to
audiences across the globe (see Timeline & Appendix 2).
The brand goal is to increase both segments and markets
over the long term. To achieve this LOF has addressed
the components of brand equity.
.
LOF
Brand Equity
Brand Awareness
Brand Association
Brand Loyalty
Other Brand
Assets
Perceived Quality