Journal
BUSINESS HORIZONS
Volume 54, Issue 3, Pages 193-207Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.bushor.2011.01.001
Keywords
Branding; Brand management; Social media; Web 2.0; Co-creation
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Brands rushed into social media, viewing social networks, video sharing, online communities, and microblogging sites as the panacea to diminishing returns for traditional brand building routes. But as more branding activity moves to the Web, marketers are confronted with the stark realization that social media was made for people, not for brands. In this article, we explore the emergent cultural landscape of open source branding, and identify marketing strategies directed at the hunt for consumer engagement on the People's Web. These strategies present a paradox, for to gain coveted resonance, the brand must relinquish control. We discuss how Web-based power struggles between marketers and consumer brand authors challenge accepted branding truths and paradigms: where short-term brands can trump long-term icons; where marketing looks more like public relations; where brand building gives way to brand protection; and brand value is driven by risk, not returns. (C) 2011 Kelley School of Business, Indiana University. All rights reserved.
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