How much brand name can effect the brand itself ?
The brand becomes a brand by its product or service or by doing some unique events and supported programs.The company / product in reality becomes a real brand when people and customers really recognizes it.
Like Nike known for its variety of shoes ,Micromax known for its cheap price smartphones and handsets,Airtel known for its services ,Tata tea or Idea better known for its advertisements than products etc.
So its the game which takes a bit of time and uniqueness in some way plays a vital role .Advertisements in any form helps to create awareness and buzz if really different and interesting.
But did you notice one thing similar in all of the above examples .......
These different types of organisations after putting efforts and building a brand in the market have a unique "BRAND NAME"
And so when a brand comes in the market and in the picture of consumers ,the consumer generally recognize or link the USP of the brand to the brand name like -Ask any consumer about "Just Do It" he/she would just say one word "NIKE" or ask on searching online he/she would just say one word "GOOGLE" i.e the brand name .The linking in consumers mind of such tagline or say product is linking to brands name.
Brand Name is important but what if any company for any reason changes its brand name.Then ....
Would the change in the name of brand effect consumers ?
I would take an example of India where the best and most popular news channel "Star News " changed its name or its brand name to "ABP News" in April 2012 .
(You can read the literature and the reason of change in name at : http://en.wikipedia.org/wiki/ABP_News)
After the name changed ,the company heavily advertised about it on various forms media .
But the important part is -Did it effect the consumers and even news market ?
And the answers is a big YES, People never went into details why the name was changed but they saw that Star News is not existing now and rather unknown an name for consumers called "ABP" has taken over .
The result -2nd positioned news channel called "Zee News" has now taken the position of Star News or ABP News" and more importantly taken a place in consumers mind .
The no. 2 has become No. 1 (Zee News) and a simple reason is Brand Name .
The consumers didn't trust a name which was not known to them(ABP) though the irony is that the most of people and the real company was same(Star News) .
Therefore I believe that Changing Brand Name should be avoided and in case it is necessary to change the name ,the company should not only advertise but also keep advertising and reminding about the changed name.A company can also advertise through promotional events at places where it feels that the customer base is big.
Also while changing the name the brand should also be linked with some new things in order to make the new brand name look more attractive and trustworthy.
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