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
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