Main Article Content
Abstract
The purpose of this study is to examine the intricate interplay between strategic branding and integrated management practices and their impact on organizational success in today's competitive marketplace. Through an exhaustive exploration of existing literature, the research design adopts a comprehensive review approach, synthesizing diverse scholarly perspectives on strategic branding, integrated management practices, and their implications for financial performance and consumer behavior. The findings underscore the critical role of integrated management practices in orchestrating successful branding initiatives, emphasizing the alignment of marketing, operations, finance, and human resources to support cohesive brand positioning strategies. Moreover, empirical evidence highlights the positive impact of strategic branding on financial performance, with strong brands exhibiting higher profitability, market share, and shareholder value. The discussion delves into emerging trends such as digitalization, experiential branding, and purpose-driven initiatives, reshaping industry dynamics and challenging traditional marketing paradigms. The implications drawn from the findings offer actionable strategies for organizational leaders, urging them to embrace innovative branding strategies that align with evolving consumer preferences and market dynamics. Furthermore, collaborative efforts between policymakers and industry stakeholders are essential for promoting responsible and ethical branding practices, fostering consumer trust, transparency, and accountability. This study contributes to the literature on strategic branding by providing valuable insights for future research endeavors and informing managerial practices aimed at enhancing brand effectiveness and organizational performance.
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References
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- Ajike, E. (n.d.). Corporate branding and its effect on firms’ performance in Nigerian telecommunications industry. Retrieved from link
- Atkinson, L., & Rosenthal, S. (2020). The Impact of Sustainable Branding on Consumer Behavior: An Empirical Analysis. Journal of Consumer Behaviour, 19(1), 17-29. https://doi.org/10.1002/cb.1853
- Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120. https://doi.org/10.1177/014920639101700108
- Carpenter, G. S., & Nakamoto, K. (2019). Strategic Brand Portfolio Management: Synthesizing Brand Hierarchy, Brand Portfolio Strategy, and Firm Performance. Journal of Marketing, 83(6), 40-58. https://doi.org/10.1177/0022242920905581
- Cornwell, T. B., & Maignan, I. (1998). An International Review of Sponsorship Research. Journal of Advertising, 27(1), 1-21. https://doi.org/10.1080/00913367.1998.10673576
- Crane, A., McWilliams, A., Matten, D., Moon, J., & Siegel, D. (2008). Corporate Social Responsibility: A Research Handbook. New York: Routledge.
- Creswell, J. W., & Plano Clark, V. L. (2017). Designing and Conducting Mixed Methods Research. Los Angeles: SAGE Publications.
- Day, G. S. (1994). The Capabilities of Market-Driven Organizations. Journal of Marketing, 58(4), 37-52. https://doi.org/10.1177/002224299405800403
- Day, G. S. (2011). Closing the Marketing Capabilities Gap. Journal of Marketing, 75(4), 183-195. https://doi.org/10.1509/jmkg.75.4.183
- Eccles, R. G., Ioannou, I., & Serafeim, G. (2012). The Impact of Corporate Sustainability on Organizational Processes and Performance. Management Science, 59(5), 1045-1061. https://doi.org/10.1287/mnsc.1110.155
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- Erdem, T., & Swait, J. (1998). Brand Equity as a Signaling Phenomenon. Journal of Consumer Psychology, 7(2), 131-157. https://doi.org/10.1207/s15327663jcp0702_02
- Hair, J. F., Jr., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2019). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). Thousand Oaks, CA: SAGE Publications.
- Han, S. P., Nunes, J. C., & Dreze, X. (2010). Signaling Status with Luxury Goods: The Role of Brand Prominence. Journal of Marketing, 74(4), 15-30. https://doi.org/10.1509/jmkg.74.4.15
- Hanna, R., Rohm, A., & Crittenden, V. L. (2011). We’re All Connected: The Power of the Social Media Ecosystem. Business Horizons, 54(3), 265-273. https://doi.org/10.1016/j.bushor.2011.01.007
- Holt, D. B. (2002). Why Do Brands Cause Trouble? A Dialectical Theory of Consumer Culture and Branding. Journal of Consumer Research, 29(1), 70-90. https://doi.org/10.1086/339922
- Kapferer, J. N. (2012). The New Strategic Brand Management: Advanced Insights and Strategic Thinking. London: Kogan Page.
- Kapferer, J. N., & Bastien, V. (2012). The Specificity of Luxury Management: Turning Marketing Upside Down. Journal of Brand Management, 20(5), 411-421. https://doi.org/10.1057/bm.2012.5
- Keller, K. L. (1993). Conceptualizing, Measuring, and Managing Customer-Based Brand Equity. Journal of Marketing, 57(1), 1-22. https://doi.org/10.1177/002224299305700101
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- Kotler, P., Kartajaya, H., & Setiawan, I. (2010). Marketing 3.0: From Products to Customers to the Human Spirit. Hoboken, New Jersey: John Wiley & Sons, Inc.
- Lhotáková, M. (2013). Strategic brand management and its role in increasing company value. Journal of Competitiveness, 5(1), 78-89. https://doi.org/10.7441/joc.2013.01.06
- Li, H., Edwards, S. M., & Lee, J. H. (2021). The Impact of Social Media Branding on Brand Community Engagement and Brand Advocacy: A Case Study of Starbucks. Journal of Interactive Advertising, 21(1), 20-34. https://doi.org/10.1080/15252019.2020.1869046
- Li, X., Liang, L., & Lee, M. K. (2020). Understanding How Social Media Branding Influences Consumer-based Brand Equity: The Roles of Brand Credibility and Brand Centrality. Information & Management, 57(2), 103168. https://doi.org/10.1016/j.im.2019.103168
- Lindgreen, A., & Swaen, V. (2010). Corporate Social Responsibility. International Journal of Management Reviews, 12(1), 1-7. https://doi.org/10.1111/j.1468-2370.2009.00276.x
- Mohr, L. A., Webb, D. J., & Harris, K. E. (2001). Do Consumers Expect Companies to Be Socially Responsible? The Impact of Corporate Social Responsibility on Buying Behavior. Journal of Consumer Affairs, 35(1), 45-72. https://doi.org/10.1111/j.1745-6606.2001.tb00102.x
- Netemeyer, R. G., Krishnan, B., Pullig, C., Wang, G., Yagci, M., Dean, D., Ricks, J., & Wirth, F. (2019). Developing and Validating Measures of Facets of Customer-Based Brand Equity. Journal of Business Research, 105, 213-225. https://doi.org/10.1016/j.jbusres.2019.07.029
- Park, C. W., Jaworski, B. J., & Maclnnis, D. J. (1986). Strategic Brand Concept-Image Management. Journal of Marketing, 50(4), 135-145. https://doi.org/10.1177/002224298605000405
- Patton, M. Q. (2014). Qualitative Research & Evaluation Methods. Thousand Oaks, CA: SAGE Publications.
- Pine II, B. J., & Gilmore, J. H. (1998). Welcome to the Experience Economy. Harvard Business Review, 76(4), 97-105.
- Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. New York: Free Press.
- Porter, M. E., & Kramer, M. R. (2011). Creating Shared Value. Harvard Business Review, 89(1/2), 62-77.
- Qualman, E. (2019). Socialnomics: How Social Media Transforms the Way We Live and Do Business. Hoboken, NJ: John Wiley & Sons.
- Ries, A., & Trout, J. (2000). Positioning: The Battle for Your Mind. New York: McGraw-Hill Education.
- Schein, E. H. (2010). Organizational Culture and Leadership. San Francisco, CA: Jossey-Bass.
- Schmitt, B. H. (1999). Experiential Marketing: How to Get Customers to Sense, Feel, Think, Act, Relate. New York: Free Press.
- Sen, S., & Bhattacharya, C. B. (2001). Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility. Journal of Marketing Research, 38(2), 225-243. https://doi.org/10.1509/jmkr.38.2.225.18838
- Sicilia, M., & Palazón, M. (2016). Brand Placement in Video Games: The Effects of Brand Familiarity and Mass Customization on Memory. Journal of Interactive Advertising, 16(2), 82-93. https://doi.org/10.1080/15252019.2016.1200193
- Singh, S. (2016). Strategic brand management as a catalyst for sales growth: A study of select FMCG companies in India. International Journal of Scientific and Research Publications, 6(1), 193-201. https://doi.org/10.29322/IJSRP.6.1.2016.p5622
- Steenkamp, J. B., & de Jong, M. G. (2010). A Global Investigation into the Constellation of Consumer Attitudes Toward Global and Local Products. Journal of Marketing, 74(6), 18-40. https://doi.org/10.1509/jmkg.74.6.18
- Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic Capabilities and Strategic Management. Strategic Management Journal, 18(7), 509-533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
- Verhoef, P. C., Reinartz, W. J., & Krafft, M. (2019). Customer Engagement as a New Perspective in Customer Management. Journal of Service Research, 22(1), 3-21. https://doi.org/10.1177/1094670518809089
- Yang, J. (2010). The relationship between strategic brand orientation and market orientation. Journal of Fashion Marketing and Management: An International Journal, 14(4), 612-627. https://doi.org/10.1108/13612021011079219
- Zeithaml, V. A. (1988). Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence. Journal of Marketing, 52(3), 2-22. https://doi.org/10.1177/002224298805200302
References
Aaker, D. A. (1996). Building Strong Brands. New York: Free Press.
Ajike, E. (n.d.). Corporate branding and its effect on firms’ performance in Nigerian telecommunications industry. Retrieved from link
Atkinson, L., & Rosenthal, S. (2020). The Impact of Sustainable Branding on Consumer Behavior: An Empirical Analysis. Journal of Consumer Behaviour, 19(1), 17-29. https://doi.org/10.1002/cb.1853
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120. https://doi.org/10.1177/014920639101700108
Carpenter, G. S., & Nakamoto, K. (2019). Strategic Brand Portfolio Management: Synthesizing Brand Hierarchy, Brand Portfolio Strategy, and Firm Performance. Journal of Marketing, 83(6), 40-58. https://doi.org/10.1177/0022242920905581
Cornwell, T. B., & Maignan, I. (1998). An International Review of Sponsorship Research. Journal of Advertising, 27(1), 1-21. https://doi.org/10.1080/00913367.1998.10673576
Crane, A., McWilliams, A., Matten, D., Moon, J., & Siegel, D. (2008). Corporate Social Responsibility: A Research Handbook. New York: Routledge.
Creswell, J. W., & Plano Clark, V. L. (2017). Designing and Conducting Mixed Methods Research. Los Angeles: SAGE Publications.
Day, G. S. (1994). The Capabilities of Market-Driven Organizations. Journal of Marketing, 58(4), 37-52. https://doi.org/10.1177/002224299405800403
Day, G. S. (2011). Closing the Marketing Capabilities Gap. Journal of Marketing, 75(4), 183-195. https://doi.org/10.1509/jmkg.75.4.183
Eccles, R. G., Ioannou, I., & Serafeim, G. (2012). The Impact of Corporate Sustainability on Organizational Processes and Performance. Management Science, 59(5), 1045-1061. https://doi.org/10.1287/mnsc.1110.155
Eisenhardt, K. M., & Graebner, M. E. (2007). Theory Building from Cases: Opportunities and Challenges. Academy of Management Journal, 50(1), 25-32. https://doi.org/10.5465/amj.2007.24160888
Erdem, T., & Swait, J. (1998). Brand Equity as a Signaling Phenomenon. Journal of Consumer Psychology, 7(2), 131-157. https://doi.org/10.1207/s15327663jcp0702_02
Hair, J. F., Jr., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2019). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). Thousand Oaks, CA: SAGE Publications.
Han, S. P., Nunes, J. C., & Dreze, X. (2010). Signaling Status with Luxury Goods: The Role of Brand Prominence. Journal of Marketing, 74(4), 15-30. https://doi.org/10.1509/jmkg.74.4.15
Hanna, R., Rohm, A., & Crittenden, V. L. (2011). We’re All Connected: The Power of the Social Media Ecosystem. Business Horizons, 54(3), 265-273. https://doi.org/10.1016/j.bushor.2011.01.007
Holt, D. B. (2002). Why Do Brands Cause Trouble? A Dialectical Theory of Consumer Culture and Branding. Journal of Consumer Research, 29(1), 70-90. https://doi.org/10.1086/339922
Kapferer, J. N. (2012). The New Strategic Brand Management: Advanced Insights and Strategic Thinking. London: Kogan Page.
Kapferer, J. N., & Bastien, V. (2012). The Specificity of Luxury Management: Turning Marketing Upside Down. Journal of Brand Management, 20(5), 411-421. https://doi.org/10.1057/bm.2012.5
Keller, K. L. (1993). Conceptualizing, Measuring, and Managing Customer-Based Brand Equity. Journal of Marketing, 57(1), 1-22. https://doi.org/10.1177/002224299305700101
Keller, K. L., & Lehmann, D. R. (2006). Brands and Branding: Research Findings and Future Priorities. Marketing Science, 25(6), 740-759. https://doi.org/10.1287/mksc.1050.0153
Kim, J., & Kim, S. (2019). Understanding Consumer-Brand Engagement with Luxury Brands: A Scale Development and Validation. Journal of Business Research, 102, 343-353. https://doi.org/10.1016/j.jbusres.2019.05.017
Kim, M., & Hyun, Y. J. (2011). A Longitudinal Examination of Corporate Branding, Brand Experience, and Brand Value: A Case Study of a Korean B2B Brand. Industrial Marketing Management, 40(6), 1006-1017. https://doi.org/10.1016/j.indmarman.2011.06.001
Kotler, P., Kartajaya, H., & Setiawan, I. (2010). Marketing 3.0: From Products to Customers to the Human Spirit. Hoboken, New Jersey: John Wiley & Sons, Inc.
Lhotáková, M. (2013). Strategic brand management and its role in increasing company value. Journal of Competitiveness, 5(1), 78-89. https://doi.org/10.7441/joc.2013.01.06
Li, H., Edwards, S. M., & Lee, J. H. (2021). The Impact of Social Media Branding on Brand Community Engagement and Brand Advocacy: A Case Study of Starbucks. Journal of Interactive Advertising, 21(1), 20-34. https://doi.org/10.1080/15252019.2020.1869046
Li, X., Liang, L., & Lee, M. K. (2020). Understanding How Social Media Branding Influences Consumer-based Brand Equity: The Roles of Brand Credibility and Brand Centrality. Information & Management, 57(2), 103168. https://doi.org/10.1016/j.im.2019.103168
Lindgreen, A., & Swaen, V. (2010). Corporate Social Responsibility. International Journal of Management Reviews, 12(1), 1-7. https://doi.org/10.1111/j.1468-2370.2009.00276.x
Mohr, L. A., Webb, D. J., & Harris, K. E. (2001). Do Consumers Expect Companies to Be Socially Responsible? The Impact of Corporate Social Responsibility on Buying Behavior. Journal of Consumer Affairs, 35(1), 45-72. https://doi.org/10.1111/j.1745-6606.2001.tb00102.x
Netemeyer, R. G., Krishnan, B., Pullig, C., Wang, G., Yagci, M., Dean, D., Ricks, J., & Wirth, F. (2019). Developing and Validating Measures of Facets of Customer-Based Brand Equity. Journal of Business Research, 105, 213-225. https://doi.org/10.1016/j.jbusres.2019.07.029
Park, C. W., Jaworski, B. J., & Maclnnis, D. J. (1986). Strategic Brand Concept-Image Management. Journal of Marketing, 50(4), 135-145. https://doi.org/10.1177/002224298605000405
Patton, M. Q. (2014). Qualitative Research & Evaluation Methods. Thousand Oaks, CA: SAGE Publications.
Pine II, B. J., & Gilmore, J. H. (1998). Welcome to the Experience Economy. Harvard Business Review, 76(4), 97-105.
Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. New York: Free Press.
Porter, M. E., & Kramer, M. R. (2011). Creating Shared Value. Harvard Business Review, 89(1/2), 62-77.
Qualman, E. (2019). Socialnomics: How Social Media Transforms the Way We Live and Do Business. Hoboken, NJ: John Wiley & Sons.
Ries, A., & Trout, J. (2000). Positioning: The Battle for Your Mind. New York: McGraw-Hill Education.
Schein, E. H. (2010). Organizational Culture and Leadership. San Francisco, CA: Jossey-Bass.
Schmitt, B. H. (1999). Experiential Marketing: How to Get Customers to Sense, Feel, Think, Act, Relate. New York: Free Press.
Sen, S., & Bhattacharya, C. B. (2001). Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility. Journal of Marketing Research, 38(2), 225-243. https://doi.org/10.1509/jmkr.38.2.225.18838
Sicilia, M., & Palazón, M. (2016). Brand Placement in Video Games: The Effects of Brand Familiarity and Mass Customization on Memory. Journal of Interactive Advertising, 16(2), 82-93. https://doi.org/10.1080/15252019.2016.1200193
Singh, S. (2016). Strategic brand management as a catalyst for sales growth: A study of select FMCG companies in India. International Journal of Scientific and Research Publications, 6(1), 193-201. https://doi.org/10.29322/IJSRP.6.1.2016.p5622
Steenkamp, J. B., & de Jong, M. G. (2010). A Global Investigation into the Constellation of Consumer Attitudes Toward Global and Local Products. Journal of Marketing, 74(6), 18-40. https://doi.org/10.1509/jmkg.74.6.18
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic Capabilities and Strategic Management. Strategic Management Journal, 18(7), 509-533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
Verhoef, P. C., Reinartz, W. J., & Krafft, M. (2019). Customer Engagement as a New Perspective in Customer Management. Journal of Service Research, 22(1), 3-21. https://doi.org/10.1177/1094670518809089
Yang, J. (2010). The relationship between strategic brand orientation and market orientation. Journal of Fashion Marketing and Management: An International Journal, 14(4), 612-627. https://doi.org/10.1108/13612021011079219
Zeithaml, V. A. (1988). Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence. Journal of Marketing, 52(3), 2-22. https://doi.org/10.1177/002224298805200302