




































American Finance & Banking Review 

 Vol. 6, No. 1; 2021 

ISSN 2576-1226    E-ISSN 2576-1234 

Published by CRIBFB, USA 

 

56 

ANALYZING THE USES OF DIFFERENT BRAND 

MANAGEMENT STRATEGIES OF BANK: A STUDY ON 

PUBLIC BANK 

 

Shamim Fakir 

Master of Business Administration 

Department of Marketing 

 Bangabandhu Sheikh Mujibur Rahman Science & Technology University  

Gopalgonj-8100, Bangladesh  

E-mail: shimimfakir185@gmail.com 

 

Abdullah Al Naeem 

Master of Business Administration 

Department of Marketing 

Bangabandhu Sheikh Mujibur Rahman Science & Technology University 

Gopalgonj-8100, Bangladesh 

E-mail: naeem.mkt88@gmail.com 

 

Syed Manzurul Karim  

 Master of Business Administration 

Department of Marketing 

 Bangabandhu Sheikh Mujibur Rahman Science & Technology University  

Gopalgonj-8100, Bangladesh  

E-mail: syedmanzu@gmail.com 
 

 
Received: October 24, 2021          Accepted: November 12, 2021     Online Published: December 31, 2021 

 

DOI: 10.46281/amfbr.v6i1.1626                             URL: https://doi.org/10.46281/amfbr.v6i1.1626 

 

 

ABSTRACT 

Brand management strategies are a series of techniques used to increase the perceived value of 

a product or service. Brand management strategies are a series of techniques used to increase 

the perceived values of all products or services. The objective of the report is to analyze the uses 

of different brand management strategies of a public bank in Bangladesh. The paper is more 

important for marketers to know the significance of the uses of different brand management 

strategies of the public banks. This paper is most significant for the executives to gain a lot of 

customers by the use of brand management strategies. This is descriptive when the data is 

analyzed through a structured questionnaire and it is exploratory when the data is analyzed 

through in-depth interviews. This study is quantitative and qualitative in nature. The quantitative 

strategy will be utilized on account of the potential for speculation of discoveries. The targeted 

population of this study was the clients of public banking in Bangladesh. Data was collected 



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57 

using depth interview questionnaire and survey questionnaire. Data were analyzed quantitatively 

using SPSS, which was a statistical method for analyzing numerical data. The researcher 

distributed the questionnaires to 50 executives and employees of the public bank who has been 

asked through questionnaire and non-probability judgmental sampling was taken from an in-

depth interviews w with the customers and also use the survey questionnaire to the 100 

customers. 

 

Keywords: Brand Management, Public Bank, Emotional Connection.  

 

JEL Classification Codes: M38. 

INTRODUCTION 

Brand management strategies are a series of techniques used to increase the perceived value of a 

product or service. That helps to increase of organization’s brand equity, brand recognition & 

brand loyalty. Banks don’t manufacture products or natural resources from the earth but they sell 

financial services like providing different types of loans, checking accounts, credit card services, 

and individual retirement accounts. Bank industries play a crucial role to develop the economy of 

any country (Karim, 2020; Latif et al., 2019; Karim et al., 2015; Karim et al., 2014; Rehman et 

al., 2014;  Asheq et al., 2021; Tu et al., 2021; Akther et al., 2021; Akhter et., 2020; Islam, 2017). 

Brands are significant resources for an organization. Brand management strategies are a series of 

techniques used to increase the perceived values of all products or services. Brand value is the 

differential impact that realizing the brand name has on client reaction to the item or it’s 

showcasing (Aaker, 1996). The methods of brand management strategies are to promote their 

products to the market helps to increase brand equity, brand recognition & brand loyalty. The 

brand is a name or symbol that represents a product. Brand management is a branding 

component that involves maintaining and bettering products, services and brand perception. 

Brand management, when practiced correctly, gives cost leverage, increases customer loyalty 

and establishes meaningful brand awareness. The paper is more important for marketers to know 

the significance of the uses of different brand management strategies of bank: a study on public 

bank in Bangladesh context. At present, competition is high in the market. So, if a company want 

to position on the customer mind than they have to follow some unique or crucial strategy in 

business. That’s why marketers know about the uses of different brand management strategies of 

a bank. Brands are important resources for an organization (Ara et al., 2015; Ali et al., 2021; Ali 

et al., 2020; Baqir et al., 2020; Batool et al., 2021; Islam & Barghouthi, 2017; Islam et al., 2014; 

Islam & Miajee, 2018; Islam, 2016a; Islam, 2016b; Islam, 2016c; Islam et al., 2015; Hossain et 

al., 2017; Islam, 2015; Islam & Barghouthi, 2017; Islam et al., 2021). So finally, this paper is 

most significant for the executives to gain a lots of customers by the uses of brand management 

strategies .The objective of this study to analyze the uses of different brand management 

strategies of Rupali Bank. Some scarce reseach has been conducted on brand management in 

banking sector especially in public bank in Bangladesh.  

 

LITERATURE REVIEW 

Market orientation puts the customer at the center of the overall activities of the organization and 

is regarded as a pivotal factor in securing and maintaining market leadership in today’s 

competitive environment (Pulendran et al., 2000). Besides, Brand management strategies are 

marketing strategies giving marketers a new option how to differentiate through surprise and 

diffusion effect from the other services (France et al., 2018). On the other hand, a brand image is 



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58 

a mental image that reflects the way a brand is perceived, including all the identifying elements, 

the product or company personality, and the emotions and associations evoked in the consumer’s 

mind (Porter, 1985). It can be defined as a unique bundle of associations within the minds of 

target customers. Brand management helps to create intention among the customers to adopt 

banking services (Latif et al., 2021). Customer satisfaction basically depends on the brand image 

of the organization (Karim et al., 2021; Hasan & Islam, 2020). Positive employees’ perceptions 

of brand identity and its management lead to stronger bonds with the organization and a greater 

sense of pride and belonging to the firm (Dukerich et al., 2002). Previous studies describe that, 

higher levels of employees’ brand knowledge and a deeper understanding of brand strategies and 

decisions, as well as the brand values and promises (King & Grace 2010). Specifically, previous 

internal branding literature has demonstrated the positive link between some of the dimensions 

that underlie the Brand image construct and employees’ commitment (Burmann et al., 2009). 

According to McDonald et al. (2001), as well as providing an interrelated and comprehensive 

network of consumer perceptions, the brand also plays an important behavior a central focus for 

all employees. Organizations, according to Harris and de Chernatony (2001), need to clearly 

communicate the brand’s purpose to employees to inspire and assist them to understand their role 

in relation to the brand. In other words, the brand message needs to be conveyed internally so 

that employee behavior is guided. 

METHODOLOGY 

The objective of research suggests that the paper is both qualitative and quantitative in nature. A 

quantitative study is one that uses interviews to gather data, whereas a more structured study is 

one that uses a questionnaire. The targeted population of this study was bank clients of public 

bank in Bangladesh.  

 

RESULTS & DISCUSSION 

Table 1. Gender status of respondents  

 

Name Frequency Percent 

Male 55 55.0 

Female 45 45.0 

Total 100 100.0 

 

The table at above shows that 55.00% (n=55) of the respondents are male and the rest 

45.00% (n=45) of the respondents are female. 

 

Table 2. An organization largely depends on its ability to attract consumers towards its brands. 

 

 Frequency Percent 

Strongly Agree 47 47.0 

Agree 38 38.0 

Neutral 7 7.0 

Disagree 3 3.0 

Strongly Disagree 5 5.0 

Total 100 100.0 

 

This table above shows that 47% (n=47) of the respondents strongly agreed and 38 

%(n=38) of the respondents are agreed  that an organization largely depends on its ability to 



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attract consumers towards its brands than other advertising strategy because it can grasp 

customer attention than other marketing strategy. By the information of this table, this is the 

evidence that an organization largely depends on its ability to attract consumers towards its 

brands. 

 

Table 3. Strong brand management strategies in case of better services to attract customers. 
 

 Frequency Percent 

Strongly Agree 36 36.0 

Agree 43 43.0 

Neutral 13 13.0 

Disagree 5 5.0 

Strongly Disagree 3 3.0 

Total 100 100.0 

 

This table above shows that 36% (n=36) of the respondents strongly agreed and also 43% 

(n=43) of the respondents agreed that using strong brand management strategies in case of better 

services to attract customers than another strategy because it can grasp customer attention than 

another marketing strategy. By the information of this table, this is the evidence that strong brand 

management strategies in case of better services to attract customers. 

 

Table 4. Public Bank assures better services that create an emotional connection between the brand and 

its customers. 

 
 Frequency Percent 

Strongly Agree 35 35.0 

Agree 29 29.0 

Neutral 28 28.0 

Disagree 4 4.0 

Strongly Disagree 4 4.0 

Total 100 100.0 
 

This table above shows that 35% (n=35) of the respondents strongly agreed and also 29% 

(n=29) of the respondents agreed that better services that create an emotional connection 

between the brand and its customers than other marketing strategy because it can grasp customer 

attention. By the information of this table, this is the evidence that public banks assures better 

services that create an emotional connection between the brand and its customers is beneficial. 

 

Table 5. Customer loyalty play a vital role as a brand management strategies in my bank 

 

 Frequency Percent 

Strongly Agree 54 54.0 

Strongly Agree 42 42.0 

Agree 41 41.0 

Neutral 10 10.0 

Disagree 3 3.0 

Strongly Disagree 4 4.0 

 



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This table above shows that 42.0% (n=42) of the respondents strongly agreed and also 

41.0% (n=41) of the respondents agreed that Customer loyalty play a vital role as a brand 

management strategies in my bank. By the information of this table, this is the evidence that 

Customer loyalty play a vital role as a brand management strategies in my bank. 

 

Table 6. Public banks’ services for customers shape it as a unique brand from other banks 

 

 Frequency Percent 

Strongly Agree 33 33.0 

Agree 47 47.0 

Neutral 10 10.0 

Disagree 8 8.0 

Strongly Disagree 2 2.0 

Total 100 100.0 

 

This table above shows that 33.0% (n=33) of the respondents strongly agreed and also 

47.0% (n=47) of the respondents agreed that public banks services for customers shape it as a 

unique brand from other banks. By the information of this table, this is the evidence that public 

banks services for customers shape it as a unique brand from other banks. 

 

Table 7. Sure-cash is a brand extension of public banks’ 

 

 Frequency Percent 

Strongly Agree 37 37.0 

Agree 38 38.0 

Neutral 18 18.0 

Disagree 4 4.0 

Strongly Disagree 3 3.0 

Total 100 100.0 

 

This table above shows that 37.0% (n=37) of the respondents strongly agreed and also 

38.0% (n=38) of the respondents agreed that Sure-cash is a brand extension of public banks. By 

the information of this table, this is the evidence that Sure-cash is a brand extension of public 

banks’. 

 

Table 8.  Customers are more satisfied because they are loyal to public banks. 

 

 Frequency Percent 

Strongly Agree 41 41.0 

Agree 39 39.0 

Neutral 12 12.0 

Disagree 5 5.0 

Strongly Disagree 3 3.0 

Total 100 100.0 

 



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This table above shows that 41.0% (n=41) of the respondents strongly agreed and also 

39.0% (n=39) of the respondents agreed that customers are more satisfied because they are loyal 

to public banks’ brands than others because in that way banks can easily promote products 

within a very low cost and also can reach within a big range of target customer. By the 

information of this table, this is the evidence that customers are more satisfied because they are 

loyal to public banks 

 

DISCUSSION 

At present, Brand Management Strategies have come to play a more important role. Every bank 

has its own Brand Management Strategies. The report tried to analyze the Uses of Different 

Brand Management Strategies of public banks and also tried to recommend some guidelines for 

executives who implement the strategies. Based on findings the primary objective of the report is 

to analyze the uses of different brand management strategies of the public. Through 

observational research method the researcher found that brand management strategies in 

Bangladesh is not new and but some terms are totally new and some banking company is used 

brand management strategies effectively. According to the findings, it can say that an 

organization largely depends on its ability to attract consumers towards its brands because it can 

easily grasp customer’s attention and increase brand equity, brand recognition & brand equity as 

well as brand image . Most of the customers & executives express their opinion that an 

organization largely depends on its ability to attract consumers towards its brands. Maximum 

Bankers did know about analyzing the uses of different brand management strategies of public 

banks in Bangladesh. There are very few people who knew about analyzing the uses of different 

brand management strategies of public banks. Most of the respondent said that “Brand 

management strategies are a series of techniques used to increase the perceived value of a 

product or service. 80% respondent of bank executives said that brand extension impact with the 

parent brand they said that Brand Extension is the practice of a well-known brand name in new 

product classes (Zohaib et al., 2021; Tu et al., 2021; Rahaman et al., 2021). They think that brand 

extension is a significant concern in the feat of a brand and if not done accurately, can cause 

serious impairment to the brand being extended. But other 20% of the respondents said that 

brand extension is depending on the fitness of parent complete and extended brand. If new brand 

is on the point of the present brand, then there's tons of chances that new product is also self-

made and survive. If new product is at distance of the parent brand, then the probabilities of 

failure are inflated (Rahaman et al., 2021). More than 80% of firms resort to brand extensions as 

a way of marketing goods and services. When firms develop brands under the name of the parent 

brand the marketers believe that the consumers evaluate brand extensions as favorable because 

the consumers transfer their positive attitude or effect to the extension made. Overall 60 %of the 

executives who are said that make a strong brand management strategies are possible through 

some stages that is Brand positioning, Implementation of brand Marketing, Measuring brand 

performance and the brand value. On the other hand, (Rahaman et al., 2021) other 35% of the 

respondents means that making a strong brand management strategies needed some strategies 

that is Consider overall business strategy, target clients, target client group, develop your brand 

positioning, develop messaging strategy, develop name, logo and tagline, develop marketing 

strategy, implement .The rest 5 % does know not how to make a strong brand management 

strategies. Almost 70% executives who faced brand management strategies, said that brand 

management strategies are interesting (Rahaman et al., 2021). But 20% executives who faced 

brand management strategies, said that brand management strategies are not only helps boost the 



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value of a product but also build positive customer interaction and think about customer 

sentiment. It helps to (Rahaman et al., 2021) Differentiation from competitors and consistency of 

all communications are important factors in successfully building and maintaining brand 

management strategies (Rahaman et al., 2021). The rest 10% executives are neural about brand 

management strategies because they said that sometime brand management strategies are 

interesting and sometimes not. 85% executives said yes to this question. They said (Rahaman et 

al., 2021) that brand is another marketing strategy much effective for any organization as well as 

public banks in Bangladesh. But the rest 15% said that sometimes it may not be effective. As 

indicated by them, brand management strategies can empower undeniable degrees of client 

mindfulness, commitment and maintenance, which converts into huge authoritative worth.  

 

CONCLUSION 

From the study it can also said that most of the people of Bangladesh have now tend to see 

something which is brand management strategies. If it will used in banking goods that will be 

really benefited for the people & organization. So, the uses of brand management strategies in 

banking goods have potentiality and some banking organizations already used to with this 

strategy because it can easily attract customer’s attention, and increase brand equity, brand 

recognition & brand loyalty. Most of the customer didn’t know how the company uses brand 

management strategies with them to promote or position their products. This report helps the 

customer and also the bank executives to understand the brand management strategies. Basically, 

brand management is a series of techniques used to increase the perceived value of a product or 

service. Overall, brand management strategies is promoting product and the uses of brand 

management strategies are successfully attracting the customer’s attention, and increase brand 

equity, brand recognition & brand loyalty.  

 

AUTHOR CONTRIBUTIONS 

Conceptualization: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Formal Analysis: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Funding Acquisition: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Investigation: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Methodology: Shamim Fakir 

Project Administration: Shamim Fakir, Abdullah Al Naeem 

Resources: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Software: Shamim Fakir, Syed Manzurul Karim 

Supervision: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Validation: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Visualization: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Writing – Original Draft: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

Writing – Review & Editing: Shamim Fakir, Abdullah Al Naeem, Syed Manzurul Karim 

 

CONFLICT OF INTEREST STATEMENT 

The authors declare that they have no competing interests.  

 

ACKNOWLEDGEMENT 

All authors contributed equally to the conception and design of the study. 

 



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