Abstract
The evolution of brand management has led to a new approach that views brands as social processes involving multiple stakeholders. However, there is still a lack of empirical research about how brand value is co-created within stakeholder networks. Based on the fieldwork, this article presents an organic view of the brand (OVB), and a resulting brand value co-creation framework that develops earlier brand models. The OVB takes into account the perspectives of different business settings, ranging from fast moving consumer goods, to services and business-to-business. According to the OVB, brand value is conversationally co-created by many different stakeholders in a fluid space subject to constant negotiation and often develops beyond the strategic aims set by brand managers. One consequence of this is that managers will need to develop a new leadership style that is more humble, open and participatory.
| Original language | English |
|---|---|
| Pages (from-to) | 670-688 |
| Number of pages | 19 |
| Journal | Journal of Brand Management |
| Volume | 20 |
| Issue number | 8 |
| DOIs | |
| Publication status | Published - Sept 2013 |
Keywords
- Brand management
- Co-creation
- Corporate brand
- Multiple stakeholders
- Organic view of the brand
- Value
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