Stanley: More Than a Water Bottle?
Annie Wilson, Patti Williams
Product #:W41362
Supplier:Ivey
Discipline:General Management, Marketing
Setting:United States, 2023
Subjects:
Geography:
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Learning Objectives
The case is designed to foster discussion on the different marketing strategies required for building and managing a brand versus sparking and milking a fad. This case highlights the opportunities, challenges, and trade-offs associated with marketing and branding decisions for engaging in classical branding versus hit branding, and when to draw from either or both paradigms. After working through the case and assignment questions, students will be able to do the following:
- Understand the difference between the classical branding and hit marketing paradigms and the different strategies and tactics required for each.
- Learn how to think through deciding whether to use affiliate marketing and its advantages and disadvantages.
- Recognize the importance of an initial brand or product concept for sparking a fad and the strategic imperatives for milking it.
- Learn how to look for clues that a category, brand, or product is better suited for brand building or hit marketing and assess the risks of either path.
- Get a sense of how brand and product meanings can change or be protected as a brand attracts new customer segments.
- Discover how brands can synthesize the classical branding and hit marketing paradigms to build brands and drive fads simultaneously.