Successful brands
While COVID-19 pandemic made a lot of companies re-assess their business processes, digitalize them, at the same time, current events in Russia have modified the local market structure and created market niches for new brands.
85 per cent of Russian people would like new strong Russian-based brands to appear.
A successful brand is a brand loved by a loyal customer. This is not just an attractive product package, this is a marketing business asset of a company, forming its added value.
This prospect is especially important considering shifts in management practices towards the investors treatment – being an important group of external parties concerned – as one of the main audiences of the company, and introduction of international standards to assess marketing impact on creating and maintaining the brand value (ISO, 2010, 2019). How to create a successful marketing business asset rather than just a brand?