05.01.2013 Views

The Strategic Integration of Music Branding and its Evolution in the ...

The Strategic Integration of Music Branding and its Evolution in the ...

The Strategic Integration of Music Branding and its Evolution in the ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

customers by awak<strong>in</strong>g associations, generat<strong>in</strong>g emotions <strong>and</strong> <strong>in</strong>creas<strong>in</strong>g <strong>the</strong> sympathy towards<br />

different br<strong>and</strong>s. In this paper I strongly dist<strong>in</strong>guish between <strong>the</strong> broad <strong>and</strong> narrow def<strong>in</strong>ition<br />

<strong>of</strong> music br<strong>and</strong><strong>in</strong>g: <strong>the</strong> <strong>in</strong>tegration <strong>of</strong> music is <strong>in</strong> my underst<strong>and</strong><strong>in</strong>g determ<strong>in</strong>ed by <strong>the</strong> wide<br />

approach, <strong>in</strong>volv<strong>in</strong>g <strong>the</strong> strategic long-term dimension. However, as an <strong>in</strong>novative br<strong>and</strong><strong>in</strong>g<br />

strategy tool, music br<strong>and</strong><strong>in</strong>g can <strong>of</strong>fer a lucrative solution by creat<strong>in</strong>g genu<strong>in</strong>e engagement<br />

between customers <strong>and</strong> br<strong>and</strong>s.<br />

But why is strategic <strong>in</strong>tegration <strong>of</strong> music so essential for br<strong>and</strong>s? <strong>Music</strong> provides not just a<br />

personal relationship, but a long-term loyal behaviour as well by <strong>of</strong>fer<strong>in</strong>g emotions,<br />

experiences, exclusivity <strong>and</strong> engagement. Active community <strong>and</strong> fan build<strong>in</strong>g is encouraged<br />

trough music br<strong>and</strong><strong>in</strong>g; fur<strong>the</strong>rmore, creativity enhances <strong>the</strong> <strong>in</strong>vention <strong>of</strong> new relevant<br />

contents, applications. <strong>Music</strong> is able to differentiate <strong>the</strong> br<strong>and</strong> <strong>its</strong>elf from competitors through<br />

develop<strong>in</strong>g a Lovemark (Roberts, 2004) <strong>and</strong> provid<strong>in</strong>g real value for all shareholders.<br />

S<strong>in</strong>ce this area is highly untouched by academic studies <strong>the</strong> methodology <strong>of</strong> research is based<br />

on qualitative research methods by conduct<strong>in</strong>g <strong>in</strong>terviews with practitioners <strong>in</strong> <strong>the</strong> field <strong>of</strong><br />

music <strong>in</strong>dustry <strong>and</strong> music br<strong>and</strong><strong>in</strong>g, focus group <strong>in</strong>terviews with customers besides secondary<br />

research <strong>and</strong> case studies. <strong>The</strong> ma<strong>in</strong> goal <strong>of</strong> this paper is to reveal <strong>the</strong> grow<strong>in</strong>g importance <strong>of</strong><br />

music br<strong>and</strong><strong>in</strong>g from a market<strong>in</strong>g strategy po<strong>in</strong>t <strong>of</strong> view <strong>and</strong> to build a practical model<br />

depict<strong>in</strong>g <strong>the</strong> strategic <strong>in</strong>tegration <strong>of</strong> music <strong>and</strong> <strong>its</strong> value creat<strong>in</strong>g mechanism.<br />

2. Literature Background<br />

<strong>Br<strong>and</strong><strong>in</strong>g</strong> has <strong>its</strong> historical development through <strong>the</strong> last decades, which have different<br />

perspectives <strong>and</strong> it heads us to <strong>the</strong> def<strong>in</strong>ition <strong>of</strong> Lovemark (Roberts, 2004). However, through<br />

br<strong>and</strong><strong>in</strong>g several values are enabled which are <strong>the</strong> basis <strong>of</strong> value creation <strong>of</strong> music br<strong>and</strong><strong>in</strong>g as<br />

well. But what is music br<strong>and</strong><strong>in</strong>g <strong>and</strong> how can it create value? In <strong>the</strong> follow<strong>in</strong>g I will depict<br />

<strong>the</strong> concepts <strong>of</strong> br<strong>and</strong><strong>in</strong>g, br<strong>and</strong> equity build<strong>in</strong>g <strong>and</strong> music br<strong>and</strong><strong>in</strong>g <strong>in</strong> order to place <strong>the</strong> topic<br />

<strong>in</strong> a <strong>the</strong>oretical approach.<br />

2.1. <strong>Br<strong>and</strong><strong>in</strong>g</strong> – from product to Lovemark<br />

<strong>The</strong> def<strong>in</strong>ition <strong>of</strong> br<strong>and</strong> <strong>and</strong> product is mixed <strong>in</strong> our common language, so it is necessary to<br />

draw a l<strong>in</strong>e between <strong>the</strong>m from an academic po<strong>in</strong>t <strong>of</strong> view. Accord<strong>in</strong>g to Kotler (1998, p. 40)<br />

„people satisfy <strong>the</strong>ir needs through products. So a product can be anyth<strong>in</strong>g which is suitable<br />

for satisfaction <strong>of</strong> <strong>the</strong> given need.” Accord<strong>in</strong>g to Bauer, Berács (1998, p. 186) product is <strong>the</strong><br />

sum <strong>of</strong> physical, aes<strong>the</strong>tical <strong>and</strong> symbolic characteristics with <strong>the</strong> objective to satisfy<br />

2

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!