| This contest is fueled by the following news: |
| | In a very rare setback for coffee king Starbucks, the company that made Frappucino household word, a federal judge has ruled that a tiny New Hampshire coffee roaster can keep marketing its "Charbucks" brand of coffee beans. Jude Laura Swain, of the New York federal court, rules that consumers were unlikely to be unduly confused between Starbucks and Charbucks and Mister Charbucks coffee blends, the latter two being sold by Black Bear Micro Roastery of Center Tuftonboro, New Hampshire. The judge further ruled that Starbucks, the world's largest coffee shop chain, failed to demonstrate that Charbucks brand products tarnished its corporate image.
Six rules for creating the quick brand:
1. Organizational restructuring. So that the new brand quickly reached the points of sale, the company must establish the synchronous operations of five departments viz. marketing, sales, finance, research and production. They are generally called “Team Pentagon”.
2. Planning of stocks. You must rightly plan how much of brand product is to be produced, and calculate the quantity of spare, raw-material and other components required for this purpose.
3. Reduction in time for producing the brand products. For producing the STB, best is the short production cycle, easily mountable and re-adjustable lines.
4. Quick Reaction. In order to make the short-term brand successful, managers must immediately solve the problems. The team must be given the rights to take independent decisions – if for each new product a number of approvals are required, the time is lost in vain.
5. Fast Brand Distribution. Key to success – immediate supply of goods. “Short-term brand does not become better with time. Computers, lying in the warehouse fall in price” – says Ido Nahmani (Vice-president and senior consultant in Herman Strategic Consultants).
6. Rigid Brand Control. So that the products were produced fast and of required quality, at the same time it is supplied to the points of sale without delays, the entire structure has to be under constant observation. |
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