Evaluate the importance of branding in business success.

There is growing sentiment today related to how branding impact to the
success
of the business.
To begin
with, we need to understand the meaning of branding. Branding can be simply understood as the identity of the
company
. It can be realized as a logo
company
, visual design and mission, but the most significant thing that every
company
want to achieve is
trust
and recognition from
customers
and target audiences. Branding brings many benefits to the
company
and I will explain it in the detail in
this
essay. First of all, Building a
brand
helps a
company
to increase awareness itself. On the one hand, based on physical recognition, a logo with attractive colours and other visual elements will be much more memorable.
For example
, the world-famous fried chicken
company
KFC the high
brand
awareness because of its beautiful eye-catching red and white logo and the image of its founder, Mr Harland Sanders.
On the other hand
,
brand
recognition will bring the
company
a number of potential
customers
, suitable for their products and services.
For instance
, when mentioning the luxury fashion branding from France, we can not ignore the famous
brand
, Dior. Dior is famous for their luxury clothes, bags, and cosmetics. The target audiences of them are upper-middle-income and upper-income social groups. From that, it has built itself as a luxury
brand
with high-quality and trendy items.
Secondly
, a reputable
brand
will build
trust
from
customers
.
Trust
is an important thing in business, it's really hard to build for
customers
,
however
, if the
company
achieves it,
trust
will be an important key to the
company
's
success
and sustainability.
Trust
from
customers
can be reflected in the frequency of product support, the selection between companies with the same product, and
also
the recommendation from
customers
. A counter-example is the famous
milk
brand
in Vietnam, Vinamilk, it become the most famous
milk
brand
in Vietnam and
also
was selected to buy the most for 10 consecutive years.
Besides
giving a reputation to the
milk
brand
's
customers
, it
also
brings
success
in advertising fresh
milk
for the international market. In conclusion, Branding is the most important key to a
company
's
success
and sustainability. It brings many benefits for both
customers
and companies.
Submitted by khanhlinh151123 on

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