Method, System and Computer Program Product for Measuring and Tracking Brand Equity
First Claim
1. A method for measuring and tracking brand equity, said method comprising the steps of:
- selecting at least one market category;
identifying key features in said at least one market category;
designing choice experiments based on a plurality of brands in said at least one market category and said key features;
obtaining data relating to said plurality of brands using said choice experiments;
developing choice models from said data; and
determining a brand equity value for each of said plurality of brands using said choice models.
1 Assignment
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Accused Products
Abstract
Methods, systems and computer program products for measuring and tracking brand equity are disclosed. According to one embodiment disclosed, a brand equity value for each of a plurality of brands in a market category is obtained (210) and an index value for each of the plurality of brands is calculated (220). Each index value is representative of a difference between a corresponding brand equity value and a reference brand equity value for the market category. A brand equity index for the market category is generated based on the index values (230). The brand equity values may be obtained by identifying key features in the market category, designing choice experiments based on a plurality of brands in the market category and the key features, obtaining data relating to the plurality of brands using the choice experiments, developing choice models from the data, and determining a brand equity value for each of the plurality of brands using the choice models.
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Citations
39 Claims
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1. A method for measuring and tracking brand equity, said method comprising the steps of:
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selecting at least one market category; identifying key features in said at least one market category; designing choice experiments based on a plurality of brands in said at least one market category and said key features; obtaining data relating to said plurality of brands using said choice experiments; developing choice models from said data; and determining a brand equity value for each of said plurality of brands using said choice models. - View Dependent Claims (2, 3, 4, 5, 6, 7, 34)
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8. A method for measuring and tracking brand equity, said method comprising the steps of:
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obtaining a brand equity value for each of a plurality of brands in a market category; calculating an index value for each of said plurality of brands, each said index value representative of a difference between a corresponding brand equity value and a reference brand equity value for said market category; and generating a brand equity index for said market category based on said index values. - View Dependent Claims (9, 10, 11, 37)
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12. A computer program product comprising a computer readable medium comprising a computer program recorded therein for measuring and tracking brand equity, said computer program product comprising:
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computer program code for identifying key features in at least one market category; computer program code for designing choice experiments based on a plurality of brands in said at least one market category and said key features; computer program code for obtaining data relating to said plurality of brands using said choice experiments; computer program code for generating choice models from said data; and computer program code for determining a brand equity value for each of said plurality of brands using said choice models. - View Dependent Claims (13, 14, 15, 16, 17, 18, 35)
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19. A computer program product comprising a computer readable medium comprising a computer program recorded therein for measuring and tracking brand equity, said computer program product comprising:
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computer program code for obtaining a brand equity value for each of a plurality of brands in a market category; computer program code for calculating an index value for each of said plurality of brands, each said index value representative of a difference between a corresponding brand equity value and a reference brand equity value for said market category; and computer program code for generating a brand equity index for said market category based on said index values. - View Dependent Claims (20, 21, 22, 25, 26, 27, 28, 29, 38)
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23. A system for measuring and tracking brand equity, comprising:
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a communications interface for transmitting and receiving data; a memory unit for storing data and instructions to be performed by a processing unit; and a processing unit coupled to said communications interface and said memory unit, said processing unit programmed to; identifying key features in at least one selected market category; generate choice experiments based on a plurality of brands in said at least one market category and said key features; obtain data relating to said plurality of brands using said choice experiments; generate choice models from said data; and determine a brand equity value for each of said plurality of brands using said choice models. - View Dependent Claims (24, 36)
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30. A system for measuring and tracking brand equity, comprising:
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a communications interface for transmitting and receiving data; a memory unit for storing data and instructions to be performed by a processing unit; and a processing unit coupled to said communications interface and said memory unit, said processing unit programmed to; obtain a brand equity value for each of a plurality of brands in a market category; calculate an index value for each of said plurality of brands, each said index value representative of a difference between a corresponding brand equity value and a reference brand equity value for said market category; and generate a brand equity index for said market category based on said index values. - View Dependent Claims (31, 32, 33, 39)
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Specification