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Tesla brand audit

09/01/2021 Client: saad24vbs Deadline: 3 days

10/22/2020 Brand Audit


https://leocontent.umgc.edu/content/umuc/tgs/mba/mba640/2208/learning-topic-list/brand-audit.html?ou=516043 1/1


Brand Audit


A brand audit is a detailed analysis that shows how a company’s brand is performing


versus its goals, and how that performance positions the brand in the market. A brand


audit should help the company to do the following (Smith, 2016):


1. establish its brand performance


2. identify strengths and weaknesses


3. align its strategy more closely with the expectations of its customers


4. recognize its position in the market versus the competition


A brand audit is used to assess the sources of a brand’s equity and identify area for


improvement, growth, and innovation in order to leverage the company’s equity.


References


Smith, K. (2016). The 7-step guide to performing a brand audit. Brandwatch. Retrieved


from https://www.brandwatch.com/blog/brand-audit/


© 2020 University of Maryland Global Campus


All links to external sites were verified at the time of publication. UMGC is not responsible for the validity or integrity


of information located at external sites.


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