APPLICATION OF COMPETITIVE MARKETING STRATEGIES IN BRAND MANAGEMENT

Authors

DOI:

https://doi.org/10.30857/2415-3206.2020.2.11

Keywords:

brand, marketing, strategy, brand management, competitive potential

Abstract

Introduction. Against the background of marketing and globalization of higher education, many organizations and enterprises not only face stiff competition and quality problems in the market. Despite all the current challenges, they need to implement brand management tools. The urgent task for universities was how to apply the brand's marketing strategy to the brand management of universities, implement the optimal distribution of tangible and intangible resources, create a good brand image, expand popularity and reputation and gain competitive advantage.

The hypothesis of scientific research is that for the formation of an effective brand it is necessary to use the tools of strategic marketing.

The aim is to study the theoretical and methodological foundations of brand formation in educational institutions using modern competitive marketing strategies.

The research methodology is a comparative analysis to reflect trends in the development of the brand of education; systematization and classification – for the classification of structural elements of the object of study; system approach – for the formation of theoretical foundations of regulation of brand management processes.

Results. Based on the law on higher education and reliance on the mechanism and legislation of the market, this article examines brand management and argues that university brands should be optimized, coordinated and integrated to take full advantage of internal and external resources. It is necessary to strengthen the concept of brand management, explain the position of the university brand, create a strong university brand, strengthen the dominant university brand, create a crisis management system for university brands, increase the basic competitiveness of universities and gain greater benefits.

Conclusions. University brand management should be based on the marketing strategy of enterprise brands, make full use of their own resources, strengthen the concept of brand management, determine the position of the university brand and create a strong university brand. universities, the university brand is undoubtedly a dazzling edge of the sword.

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Author Biographies

Liang Rui, Henan Institute of Science and Technology, Xinxiang, China.

PhD candidate, Henan Institute of Science and Technology, Xinxiang, China.

Kateryna Prokopenko, Sumy National Agrarian University, Ukraine.

PhD candidate, Sumy National Agrarian University, Ukraine.

Svitlana Vovchok, Sumy National Agrarian University, Ukraine.

Candidate of Economic Sciences, Senior Lecturer of the Department of Public Administration, Sumy National Agrarian University, Ukraine.

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Published

2021-04-16

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Section

Articles