Evaluate the importance of branding in business success.

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

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