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Brand Equity

Brand Equity Measurement

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Brand Equity Measurement

If a brand has equity it implies that the brand is an asset that has value. In fact, many studies over time have demonstrated that brand equity is a significant contributor to stock price, company valuation and shareholder value.

So what should the purpose of brand equity measurement be?

  • To measure the brand’s health and vitality
  • To understand how well the brand is positioned against its competitors
  • To serve as a diagnostic tool
  • To uncover any underlying weaknesses that require intervention
  • To identify opportunities to further strengthen the brand
  • To provide the information from which a brand scorecard can be built

That is, a brand equity measurement system’s output should be diagnostic and actionable.

Sometimes people equate brand tracking studies with brand equity measurement. Brand tracking studies tend to be fairly simplistic, often measuring just a couple of things and they are usually not very actionable. Sometimes people equate customer satisfaction scores with brand equity measurement. And sometimes people equate attitudinal loyalty scores (such as a brand’s Net Promoter Score) with brand equity measurement. All of these are helpful to some extent but they are not very comprehensive or robust. One needs to look at the whole picture.

To gain complete clarity The Blake Project includes these essential measures in our BrandInsistence brand equity measurement system:

  • Unaided brand awareness (including first recall) associated with a particular product category. Related to this, unaided brand awareness associated with specific customer benefits.
  • Brand relevance.
  • Top-of-mind brand associations. Related to this, a map of brand memory triggers.
  • The brand’s top-of-mind points of difference.
  • The brand’s personality attributes.
  • Importance of up to 24 customer benefits and values and the brand’s delivery against the same (allowing for the creation of brand positioning maps).
  • Brand value.
  • Brand accessibility.
  • Emotional connection to the brand (four separate measures).
  • Attitudinal brand loyalty (two separate measures).
  • Brand vitality (two measures).

We measure all of these brand equity components by customer segment for the brand in question and up to three competitive brands. This provides a comprehensive picture of the brand’s strengths, weaknesses, opportunities and threats together with recommended actions to strengthen the brand.

The Blake Project Can Help: The Blake Project’s BrandInsistence Brand Equity Measurement System

Branding Strategy Insider is a service of The Blake Project: A strategic brand consultancy specializing in Brand Research, Brand Strategy, Brand Growth and Brand Education

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