If there’s confusion about the definition of marketing (See May 2015 post), I’m about to drive many crazy with the following question: What’s the difference between marketing and branding?
Marketing: The management process responsible for identifying, anticipating and satisfying customer requirements profitably.
Branding: promise delivered by establishing a significant and differentiated presence in the market that attracts and retains loyal customers.
Again please. What does this mean?
Branding is strategic. Marketing is tactical. Marketing may contribute to a brand, but the brand is bigger than any particular marketing effort.