Some analysts see brands as the major enduring asset of a company, " A former CEO of McDonald's declared, "If every assets we own, every building, and every piece of equipment were destroyed in a terrible natural disaster, we would be able to borrow all the money to replace it very quickly because of the value of our brand.... The brand is more valuable than the totality of all these assets." Thus, brands are powerful assets that must be carefully developed and managed. In this section, we examine the key strategies for building and managing product and service brands.