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Question

Which of the following is considered the first step of strategic brand management process ?

This question was previously asked in
MH SET 2021 Paper 1 Question Paper (26-Sep-2021)
The correct answer is

Building brand vision

Strategic brand management is a planned sequence that turns a long-term idea of the brand into consistent marketing actions.

In Leslie de Chernatony's brand-building process, the starting point is the brand vision, which sets out the brand's envisioned future, its purpose and its core values; mission, positioning and image work then follow from that vision.

Brand image is the result of the process in consumers' minds, brand loyalty is the long-term outcome the whole strategy aims at, and the mission is an organisational purpose statement derived from the vision, so none of them can be the starting point.

So building the brand vision comes first in the strategic process.

Hence, Building brand vision.

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