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Brand Licensing Branding: Just Ask... Derrick Daye

Brand Licensing Strategy


Brand Licensing Strategy

Branding Strategy Insider helps marketing oriented leaders and
professionals like you build strong brands. To that end we're happy to
answer your marketing questions. Today we hear from Kate, a business reporter for National Public Radio in Rochester, New York who writes…

"Kodak cameras and related products will be back in the
marketplace this year, but they won't be made by Kodak. The photo pioneer
stopped making digital cameras about a year ago. Now it is licensing its brand name
to another camera maker. Please answer a few brand licensing questions for me."

1. What if any concern should Kodak have in licensing
their brand?

As with all brand owners, Kodak should be aware that
JK Imaging or any other licensee will have certain rights to the Kodak brand
and through their licensing relationship, JK Imaging could adversely impact
Kodak brand equity. This could result from the sale of poor quality
products, the sale of the Kodak licensed products in an unauthorized channel or
region, or from not ensuring the manufacturing facility used by JK Imaging
complies with safe international working standards. To mitigate this risk,
Kodak should have first vetted JK Imaging through a rigorous due diligence
process to ensure JK Imaging can deliver against the Kodak brand promise in all
products they manufacture. Second, Kodak should ensure they have a
thorough approval and auditing process to affirm that all products sold in the
marketplace meet their standards and that all facilities are compliant with
government and trade guidelines. By picking a best in class brand licensee,
Kodak will continue to reinforce their brand equities as they engage with
consumers across all channels and regions where the brand is licensed.

2. What is the implication for the Kodak brand
that, despite financial difficulties, was able to license it to JK Imaging LTD?

The fact that Kodak was able to license their brand
name on various digital cameras, pocket video cameras and portable projectors
says to the marketplace that the Kodak brand is still strong and that consumers
have a preference for Kodak branded products. This should bear well for
Kodak in the future as they look to license their brand in other categories.
Moreover, the continuity of selling Kodak branded products in the licensed
categories gives Kodak the ability to take those categories back in-house in
the future without having to reintroduce the brand.

Thanks for your question Kate, we wish you much success with your story and Kodak much success with its brand licensing program.

For brand owners interested in the benefits of brand licensing start here.

Have a question related to branding? Just Ask The Blake Project

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