Abstract
With China's accession to the WTO and global economic integration, Chinese enterprises are faced with more opportunities for development at the same time is also facing fierce competition from foreign enterprises of the same and brand extension to enhance the competitiveness of enterprises have an important role. In this paper, Hengda Group brand extension strategy is analyzed, through the analysis found that Hengda Group is an important reason for the success of the brand extension is Hengda in different periods to extend different strategies, and the horizontal extension, vertical extension and other extension strategy together, take specific Hengda Group in brand extension the strategy includes the extension of the product line and diversified extension, initial extension products production line for Hengda Group development, and extend the diversification strategy for Hengda Group development to a certain scale; finally, Hengda Group in the brand extension success experience is summarized, including the core competitive advantage is the foundation, linkage brand enterprises diversified brand extending the depth of moderation, make full use of existing products and extension products Role and the choice of appropriate extension fields, etc..
Key Words:Diversification; Brand extension;Evergrande group