The document discusses 10 traits of successful brands including recognizing strengths and weaknesses, identifying areas for improvement, and competitive benchmarking. It defines a brand report card as assessing customer benefits, relevance over time, appropriate pricing based on consumer perception of value, proper positioning in consumers' minds, consistency while staying relevant, logical brand portfolios and hierarchies, effective marketing activities to build brand equity, understanding what the brand means to consumers, sustained support through examples, and maintaining balance in brand equity management. Strong brands combine attributes, image, service, and intangibles to create an attractive whole in consumers' minds.