On the basis of previous works in the literature, we generated a pool of sample measures of four brand equity dimensions & overall brand equity. The brand awareness scale intended to measure the strength of the brand in customer’s memory as reflected by the customer’s ability to identify various brand elements. To overcome the drawbacks of previous scales, the items measuring brand personality (Hananto,2006) which is a sub-dimension of brand associations, were incorporated. The scales of perceived quality measured customers’ subjective judgment about a brand's superiority. In the current study, the brand loyalty scale was designed to measure the overall attitudinal extent of specific brand loyalty than to measure actual brand loyal behavior such as purchase. The overall brand equity scale was used for examining customers’ overall attitudes and customers’ intention toward the focal brand against its unbranded counterpart. All these items reflected customer’s overall perception of brand. In total, 33 items (see appendix) were used in the initial scale.
The data was collected by using five point Likert scale .The survey questionnaire consisted of items for measuring brand equity constructs as well as questions related to demographics. Survey was self-administered in four cities in North India i.e. Indian capital
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For this study, five independent experts (2 professors from leading Indian B-schools and three managers with rich experience in advertising & branding) were consulted for examining the content validity of the instrument. The number of brand personality items was restricted to five as suggested by the experts (see Appendix) to reduce ambiguity & ensure parsimony. Overall, all items were found to be relevant by the experts as the instrument has been carefully constructed after an extensive review of
One area that I am surprised that was mentioned is brand loyalty. Although the resell and shipping industry is unknown to the normal everyday consumer, in the commercial world corporations like Dot foods in vital to the longevity of their business and future success. Therefore, I assume over the years, Dot Foods has gained traction and become known as a corporation who delivers economical products that meet all government regulations. Which with restaurants like Chipotle who lose business after a health scare, souring product for a reputable is critical.
Please respond to the following: "Brand Portfolio Molecule and Brand Report Card" Based on your review of the Learnscape scenario titled “Learnscape 3: Recover and Retention”, explain the fundamental reasons why brands do not exist in isolation but do exist in larger environments that include other brands. Provide two (2) specific recommendations or solutions that help the health care facility in this scenario improve patient satisfaction. Brands do not exist in isolation but do exist in a larger environments which includes other brands, because brands are highly interdependent and value of the brand is driven by its impact on the customer’s precipitation. The brands needs other brands in order to have meaningful comparison with other brands.
Introduction Brand Equity: The premium value realized from a particular product which has a well-established name as compared to any other generic product available in market is known as brand equity. Brand equity has many aspects such as loyalty, awareness, preferences, familiarity, associations and image in minds of customers. Brand equity is always considered to be an intangible asset because the brand value is not a physical asset and is ultimately depends on perception of the brand by consumer. A brand's equity contributes to the overall valuation of the company's assets as a whole. Positive brand equity:
Non-product attributes are functional benefits, experiential benefits, and symbolic benefits (Keller 1993). Excluding advertisement, word of mouth is such a powerful tactic the brand could perform to associate with consumers. With word of mouth, customers will develop brand awareness, brand knowledge, and brand image that lead to customer-based brand equity or CBBE (Keller 2003). Keller (2001) developed pyramid models of consumer-based brand equity building steps as shown in figure 2, and six brand building blocks as displayed in figure 3. Successful brand building is to create resonance that builds relationships between the brand and its customers, which generates brand loyalty, attitudinal attachment, and community engagement as the best
253 respondent answers the questionnaire and it was found out that if brand has a good image in the market then a product which didn’t do well in market will not entirely affect the image of the
From this point of view, loyal behavior cannot provide a comprehensive conception of fundamental cause of loyalty. In addition, repetition occurs may be due to different restrictions resulted from the market. Therefore, the loyalty of this type of customer differs from the loyalty of those customers who really support a product and they do have psychological bond with a product and company. So, customer’s brand loyalty was considered as an attitudinal
Considering the Brand Selection Model (Herzberg, 2009) which helps in understanding, that consumer’s decision is much affected by the level of Satisfaction and Dissatisfaction, it also helps in interpreting the effect of various factors affecting the brand selection decision which helps marketers in applying limited marketing resources and converting them efficiently. The results however have not been commensurate with the efforts made due to the diversity which people exhibit in their behaviour. Thus, it is imperative for marketers to keep track of their customers by undertaking researches on the various facets of consumer behaviour, in different contexts on a regular
Other reviews by (De Chernatony and Mc William 1990; Caldwell and Freire, 2004; De Chernatony, 2010) suggest brand definitions based on emotional and rational factors, indeed most definitions embrace this approach in some ways (Hart and Murphy, 1998). A brand is multidimensional constructs whereby managers augment products or services with values and this facilitates the process by which consumers confidently recognise and appreciate these values (De Chanatony et al
2.7 Branding Process for over the counter Pharmaceutical Product. According to Malone (2004), the branding process begins long before creation of a brand personality. Step 1, the brand analysis, is the information-gathering phase. Scott Bedbury, former senior vice president of marketing for Starbucks and former head of advertising for Nike, said: Anyone who wants to build a great brand first has to understand who they are.
1. Introduction Background The author works in the fitness industry, and the issue to be explored is that of Customer service and whether increased levels of Customer Service will have a positive or negative impact on customer loyalty in Fitness. This will be a case study and the information will be based on Fitness, a gym in town with a client base of 4,000 members. Research Rationale Loyalty and retention of members is fundamental to the fitness industry.
“The influence of Sport brand loyalty on young adult’s consumer purchasing behavior in Hong Kong” Abstract (200-250) =210 There are many factors that affecting a company’s success or failure, customers is the most powerful influence that guiding their business among those factors undoubtedly. Nowadays, a business brand becomes the most valuable elements. Refer to Joseph and Daniel (2012), brands influence consumer decisions to buy in any of ways, or with tremendous persuasive appeal to modify a buying power among customers. A trusted brand is successful because brands give consumers the means whereby they can make choices and judgments bases on their experiences.
Moore et al (2003) also described that positive perception of consumers about a particular brand is an indicator of status, quality and prestige; i.e. factors other than price. Brand Loyalty Schiffman and Kanuk (2004) have stated brand loyalty as one of the desired outputs of learning of the consumers. It is the probability of positive behaviours and attitude towards a brand, thus it could result in positive word of mouth and repeat purchase (Rawly and Dawes, 1999). Quester and Lim (2003) also explained the two major types of brand loyalty. Behavioural loyalty explains the repeat buying behaviours of the consumers, whereas attitudinal loyalty is the favourable behaviour of the consumers towards a specific product (Dikempe et al., 1997).
Running head: MBTI Personality 1 Consumer Behavior S101562 University of the People MBTI Personality 2 MBTI – Interpretation of Human Behavior In continuation of the topic discussed in Unit1, this week the class conducted an in-depth research of Myers-Briggs Type Indicator (MBTI). Developed by Katharine Cook Briggs and her daughter Isabel Briggs Myers based on typological theory of Carl Jung. Over almost a century the indicator gained wide popularity in determining governing behavioral principles in people all over the world.
• Consumer Awareness Many studies have been done on consumer perception and awareness about brand. Keller (1993; 1998) described consumer perceptions about brands as brand knowledge, which consist on brand image and brand awareness. Hence according to Keller Brand awareness means recognition and recall of brand. Brand Image is defined as,“a perception about a brand which is reflected by the brand associations and it is held in consumer memory” (Keller).
In an article published by Jennifer L. Laarker (1997) she discusses the importance of brand personality to the consumer. Brands increasingly give their product humanlike attributes in order to appeal to their target audience. Some brands have “product related attributes” and these have a solely utilitarian function whereas brand personality speaks to the consumer on another level concluding that the consumer buys this brand because it sees similar attributes of her/himself in the brand. Brand personality which is favourable and strong will strengthen the brand. Laarker (1997) goes on to discuss that Coca cola are cool, authentic and all american which the consumers of this brand would, unconsciously aspire to be.