This Day (Lagos)

Nigeria: Expert Tasks Telcos On Effective Branding

A telecoms entrepreneur and political economist, Dr. Ausbeth Ajagu, has called on telecommunications operators to consider the need for effective branding.

Speaking at a recent entrepreneurial conference, Ajagu noted that leadership is the ability to create rules, set goals, capacity to follow through and see that goals are accomplished.

"There is enough space for all products to sell, though depending on what the desire is. However, if the desire is to be the market leader, then the operator has to go the extra mile to subdue its competitors. Always remember that the market place is not meant for the chicken-hearted but the Lion-hearted, thus capitalism by default," he said.

He explained that the brand remained a powerful asset that must be carefully developed and managed, adding that "there are numerous characteristics of a good brand and the operator must screen the potential brand against all characteristics."

Listing some of the qualities of a good brand, Ajagu said operators must select the right branding strategy given their venture and the conditions under which they will compete.

"One of the most important tasks is to create and sustain brand equity. Brand equity provides you with a competitive advantage and allows you to command a premium price. It would also increase the value of business.

He stressed the need to also entrench the principles of Total Quality Management (TQM), meaning that the organisation's culture is defined by and support the constant attainment of customer's satisfaction through an integrated system of tools, techniques and training.

Ads by Google

Copyright © 2013 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.