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2024 | OriginalPaper | Chapter

Brand Revitalization: An Outlook

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Abstract

Changes in the marketplace can motivate brands to quickly change their reputations, and companies have to endlessly appraise their brands from customer-centric points of view. Refreshing a brand name can revive the worth of a brand and spur on innovation improvements. Constructing an impressive brand takes time, perseverance, and ongoing efforts, where the benefits are some of the most important parts of the instantaneous recognition of a business in the customer’s mind, a reputation or competency and superior quality that the belief that the brand’s promises are genuine and not just slogans, etc. When a brand fails to find a market, its parent company must choose whether to keep the brand as is or rejuvenate it by removing its products and/or services from consumers’ minds. Breathing new life into a failing brand is frequently more effective than rejuvenating, it because the current brand has intrinsic value to the company. If a legacy brand is to stay on top nowadays, it must remain meaningful to customers. Revitalizing an established brand requires reassessing how representative its offerings are to its target market.

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Metadata
Title
Brand Revitalization: An Outlook
Author
Shanmugha Priya Pon
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-031-48075-1_8