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Brand equity transfer in B2B rebranding
Halmstad University, School of Business, Innovation and Sustainability.ORCID iD: 0000-0002-8194-2053
Halmstad University, School of Business, Innovation and Sustainability.ORCID iD: 0000-0002-2574-9099
2024 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]

This study examines how a firm rebrand acquired brands, which brand dimensions matter most for customers and employees, and how companies in a rebranding situation can transfer the brand equity from the original brand to the brand that is absorbing it. Using a case study of a multinational business-to-business life sciences company undergoing global rebranding process, we find that for customers and employees on a strategic level, support or resistance is primarily functional, and the critical brand knowledge dimension is awareness. At operational level, individuals value brand’s symbolic value, and the brand knowledge dimension critical for success is image. In a rebranding process, B2B brand managers should focus on brand image in the minds of employees and users who work closely with the product, and focus on brand awareness with strategic buyers. 

Place, publisher, year, edition, pages
2024.
Keywords [en]
Brand equity, Rebranding, B2B, Acquisitions, Internal branding
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-54883OAI: oai:DiVA.org:hh-54883DiVA, id: diva2:1913255
Conference
17th Global Brand Conference, Edinburgh, UK, 22 – 24 April, 2024
Projects
LNETN project
Note

This project received funding from the European Union’s Horizon 2020 Research and Innovation Programme under the Marie Skłodowska-Curie grant agreement No 860364. This communication reflects only the authors’ view, and the agency is not responsible for any use that may be made of the information it contains.

Available from: 2024-11-14 Created: 2024-11-14 Last updated: 2024-11-19Bibliographically approved
In thesis
1. International growth in life sciences: The influence of new institutions and policies on the emergence of new product concepts
Open this publication in new window or tab >>International growth in life sciences: The influence of new institutions and policies on the emergence of new product concepts
2024 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

In a competitive business world, brands and products are essential to a company's success and growth. It is important for any business that wants to succeed in international markets to understand how valuable these elements are and how to manage them effectively. Rebranding and product launch strategies emerge as tools for companies looking to stay ahead in the global marketplace. Rebranding helps companies maintain relevance in changing markets, while introducing new products is important for addressing shifting customer needs. However, both have significant risks and costs, as many rebranding efforts fail to resonate, and new products often struggle to gain market acceptance. Given the importance of these strategies, understanding how new brands and products gain legitimacy—particularly in international markets—is essential. This doctoral thesis explores the process of legitimation, which is crucial for acceptance among various stakeholders, and addresses the research question: “How do companies legitimize new brands and new products in international markets?”. To answer this main research question, this thesis focuses on five papers. Paper I provides a review of international branding literature, identifying research gaps and suggests scholars to explore branding dynamics in emerging markets and B2B contexts. Paper II focuses on the challenges of internal and external legitimation in the rebranding process in developed and emerging markets. Paper III identifies the brand knowledge dimensions that matter most to different stakeholders during the rebranding process. Paper IV examines the factors influencing new product launches across various institutional contexts, presenting a typology that highlights the roles of brand awareness and price sensitivity. Paper V focuses on the relationship between internal and external challenges in emerging markets, proposing strategies to address these challenges effectively. By integrating institutional and legitimation theories with rebranding and product launch strategies, the thesis offers insights and practical guidance for businesses operating in global markets. The findings help understanding the complexities of legitimation in different contexts and provide actionable strategies to enhance the acceptance of new brands and products internationally.

Place, publisher, year, edition, pages
Halmstad: Halmstad University Press, 2024. p. 106
Series
Halmstad University Dissertations ; 123
Keywords
Brand legitimation, product legitimation, legitimation, life sciences industry
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-54885 (URN)978-91-89587-63-2 (ISBN)978-91-89587-62-5 (ISBN)
Public defence
2024-12-17, S1022, Kristian IV:s väg 3, Halmstad, 10:00 (English)
Opponent
Supervisors
Projects
LNETN Project
Note

Disclaimer

This thesis was written as part of the LNETN project, which has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Skłodowska-Curie grant agreement No 860364. This communication reflects only the author’s view; the Agency is not responsible for any use that may be made of the information it contains.

Available from: 2024-11-19 Created: 2024-11-14 Last updated: 2025-01-21Bibliographically approved

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Aagerup, UlfAndersson, SvanteRamos, Manoella Antonieta

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