This article presents a comprehensive analysis of the brand as a key strategic asset of a modern enterprise in a dynamic and competitive market environment. The author explores the evolution of the brand concept in academic literature and marketing practice, offering a comparative overview of definitions provided by leading domestic and foreign scholars. The brand is interpreted not merely to identify goods or services but as a bearer of emotional, symbolic, and value-based content that fosters long-term consumer loyalty and market differentiation. The study highlights the core functions of a brand in marketing: identification, differentiation, communication, emotional engagement, quality assurance, and strategic value. The process of brand formation is examined through a multi-stage approach that includes audience segmentation, creation of unique value propositions, visual identity development, promotion, and performance monitoring. The paper emphasizes that effective branding requires a strategic vision, cross-functional collaboration, marketing analytics, and long-term investment in brand equity. Special attention is devoted to brand management as a component of strategic marketing that aligns with corporate identity, mission, and internal branding efforts. Staff's role in delivering consistent brand experience is outlined, as is the contribution of strong brands to the enterprise's market capitalization and long-term competitiveness. The article also analyzes the influence of digital transformation on brand management, including social media, content marketing, Big Data analytics, SEO/SEM, email marketing, influencer strategies, and innovative technologies (AR/VR, gamification, NFTs). It is demonstrated that digital tools shift brand management from linear communication to dynamic, personalized, and interactive engagement with target audiences. In conclusion, the article argues that modern brand management requires a systematic approach, digital literacy, adaptability, and continuous feedback from consumers. Future research directions include brand alignment with corporate strategy, the development of personalized brand experiences, and the impact of digital innovations on long-term consumer loyalty.
Potapiuk et al. (Wed,) studied this question.