Brand as a Challenge to Corporate Governance in the Globalization Process

Brend kao izazov korporativnog upravljanja u procesu globalizacije

brend,

globalizacija,

konkurentnost

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Issue:

47/1

DOI number:

UDK 658.626

JEL classification:

F61, M31, M37, O31

Abstract

The increasing expansion of globalization, largely changes and the current economic strategy and policy of companies. The aim of this paper is to show to the alarming the need to accede to the seriousness of the implementation of adequate marketing strategies, among which is dominant brand strategy and thus the strategic brand management. The pace of technological innovation and information technologies contribute to the intensity of communication and have an impact on competitiveness. Networking overcomes time and space and leads almost to the equalization consumer demands setby companies, or to brand loyalty. Modern conditions of market economy, changing business conditions and intense competition, dictate the lower limit of efficiency of business entities to survive in the market. Creation and development of the brand is the company‘s long-term investment because brand loyalty of consumers means focusingonachieving their satisfaction, which directly leads to strengthening competitiveness and thus improve financial results.

Apstrakt

Sve veća ekspanzija globa-lizacije, u velikoj meri menja i aktuelnu ekonomsku strategiju i politiku kompanija. Cilj ovog rada je da ukaže na alarmantnost potrebe da se sa ozbiljnošću pristupi implementaciji adekvatnih marketing strategija, medju kojima dominantno mesto zauzima brend strategija a time i strategijski brend menadžment. Tempo tehnološkh inovacija i informacione tehnologije doprinose intenzitetu komunikacija i imaju uticaj na konkurentnost. Umreženost savlađuje vreme i prostor i dovodi skoro do izjednačavanja zahteva potrošača koje postavljaju pred kompanije, odnosno, do lojalnosti prema brendu. Savremeni uslovi tržišnog privređivanja, promenljivi uslovi poslovanja i intenzivna konkurencija, diktiraju donje granice efikasnosti privrednih subjekata za opstanak na tržištu. Kreiranje i razvoj brenda predstavlja dugoročnu investiciju kompanije jer lojalnost prema brendu znači fokusiranje potrošača na postizanja njihove satisfakcije, što direktno vodi jačanju konkurentnosti a time i poboljšanju finansijskih rezultata.

References