grad-brand-equity

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SKILL.md

Brand Equity

Overview

Brand equity is the differential effect that brand knowledge has on consumer response. Aaker (1991) identifies five dimensions: awareness, associations, perceived quality, loyalty, and proprietary assets. Keller (1993) structures Customer-Based Brand Equity (CBBE) as a pyramid: Salience, Meaning, Response, and Resonance.

When to Use

  • Auditing brand health and diagnosing weak equity components
  • Designing brand-building or repositioning strategies
  • Justifying brand investment to stakeholders with a structured framework
  • Comparing brand equity positions across competitors

When NOT to Use

  • Valuing a brand financially for M&A (use financial brand valuation methods)
  • Short-term promotional effectiveness (use marketing mix models)
  • When brand is not a relevant purchase factor (pure commodity markets)
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