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Question

Many companies use their brand as a competitive advantage. Given your knowledge about the global economy, identify three brands you believe have the strongest likelihood of remaining a source of advantage in the 21st century and explain why. Explain the effects you believe the Internet's capabilities will have on the brands you identified in the previous discussion and what the owner of the brand should do in light of them.

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Brand recognition in today’s global economy is still important to consumers.  Because some products can be easily substitutable, however, I have been known to purchase generic items on occasion.  While in other cases, I have leaned towards product brand because of familiarity and a developed trust of the company in which the brand represents.

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