Many organizations or companies have a reputation for producing a certain good or performing a certain service. However, some organizations become more well known for their services than others. This allows for the formation of a brand. The brand allows for an increase in loyalty for the designated organization in comparison to its competitors. Ultimately, brands are generally more popular than their alternatives due to having a better reputation when compared to other companies that produce a similar service or product.
One example of a company that holds a household brand name is Google. There are many search engines on the internet such as Ask, Yahoo, and Bing. However, Google is the most dominant search engine. Essentially, there was a reputation that Google provided the best search results and thus, word got around about this and everyone started using Google search engine. Google's reputation expanded on to become a brand when people started associating internet searches with Google itself. People began to refer to these internet searches as Google. In other words, Google essentially became a verb synonymous with the act of searching the internet.
Essentially, Google search engine provided free services that were useful and generated its revenue from advertising. Already having established a strong reputation and becoming a household brand due to providing the best quality search engine, Google was ultimately able to expand into other markets such as email and was able to buy out and acquire other organizations under its name such as Android which was initially backed by Google. Ultimately, these ventures were successful due to Google's reputation for producing high quality search results. This allowed for Google to have a strong loyal support base from people all around the world. Since people trusted Google before they continued to trust the other products and services Google provided. Basically, Google's reputation for providing high quality searches carried over to its product which further strengthened its reputation and brand. Ultimately, it is conclusive that to have a reputation, an organization has to make itself known for its services. While having a brand requires being the best producer of this service.
One example of a company that holds a household brand name is Google. There are many search engines on the internet such as Ask, Yahoo, and Bing. However, Google is the most dominant search engine. Essentially, there was a reputation that Google provided the best search results and thus, word got around about this and everyone started using Google search engine. Google's reputation expanded on to become a brand when people started associating internet searches with Google itself. People began to refer to these internet searches as Google. In other words, Google essentially became a verb synonymous with the act of searching the internet.
Essentially, Google search engine provided free services that were useful and generated its revenue from advertising. Already having established a strong reputation and becoming a household brand due to providing the best quality search engine, Google was ultimately able to expand into other markets such as email and was able to buy out and acquire other organizations under its name such as Android which was initially backed by Google. Ultimately, these ventures were successful due to Google's reputation for producing high quality search results. This allowed for Google to have a strong loyal support base from people all around the world. Since people trusted Google before they continued to trust the other products and services Google provided. Basically, Google's reputation for providing high quality searches carried over to its product which further strengthened its reputation and brand. Ultimately, it is conclusive that to have a reputation, an organization has to make itself known for its services. While having a brand requires being the best producer of this service.