The Importance of Branding in Business Essay Example | Topics and Well Written Essays - 1250 words

The Importance of Branding in Business - Essay Example Furthermore, the discussion between these five industries will analyze class, category, forms, and brands that exist within each; helping the reader to gain a further level of interpretive understanding that relates to the way in which these entities compete and exist within the current environment. Through an analysis of these metrics, the author will be able to provide the reader with a more in-depth analysis of the way in which previous scholarship has provided these markets with invaluable tools for understanding the importance that branding plays with respect to attracting customers defining consumer choice, substitutability, and competition that exists within each one of these. Though it might be understood that competition is guaranteed, the reality of the fact is that differing levels of competition create unique opportunities and help to define markets that would otherwise be incorrectly categorized. The first article that will be analyzed is entitled, â€Å"From Roots Culture To Sour Fruit: The Aesthetics Of Fashion Branding Cultures in Canada." As such, the research begins with discussing the impact of class and category of this particular industry is that of consumer goods relating to fashion. However, the article quickly delves into issues of measurement with respect to the extreme diversification that exists with respect to the forms and brands of actual industries that compete within this sector. The article further denotes that this extreme competition creates an extremely differentiated hierarchy of brands and allows for an extreme level of differentiation between these offerings to be exhibited to the end consumer. Price and quality further help to define what markets will be approached and what consumers will be courted. The core boundary that exists, and is defined by the research, is with regard to the strategic players in this market and how they react to price, pre stige, and quality.