Brand-Management in the Innovation-Oriented Companies
Abstract
Article is devoted to the branding of innovation-oriented companies. The authors offer a new concept in branding — commercial symbols, and systemic view on branding objects when using of new branding concept is done. This allows avoiding using the terms “brand” and “trademark” in the situations where it is absolutely wrong. With the introduction of commercial symbols, usage of technologies such as smells, musical phrases, three-dimensional forms, etc. for branding is explained. Analysis of branding importance for innovation-oriented companies is done. Specifi city of branding tools for high-tech firms is shown. Depending on the level of firm’s innovation activity and its competitive position, four brand strategies of innovation companies are distinguished: survival, reinforcement, breakthrough, long-term leadership.
Keywords:
commercial symbol, branding, brand, brand management,, innovation-oriented company, brand strategy, employer branding, inbranding, product placement, innovation, barriers for innovation perception
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.