Social factors
Social factors include groups (reference groups, aspirational groups and member groups), family, roles and status. Consumers’ purchasing decision can be easily affected by the social environment around them, therefore, those social factors play a vital role in their decision making process. The research of Sotiriadis & van Zyl (2013) shows that the reliability of Twitter followers/users, their expertise/know-how, and their degree of involvement (tweeting) are factors shown to affect purchase-decision making. The first two factors are thereby critical, and the degree of involvement less so. Which means that consumers’ purchasing decision is also affected by their attitude on the reference group. 18 Also, Kristine de Valck , Gerrit
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“One of the technological beauties of the Internet is that the network is an effective multi-purpose distributor of information packets”(Vaden 2006) which means that the developed internet has changed the way that consumers searching for the information. Unlike the traditional consumer information searching behavior, 16 consumers may contact with brands and other consumers in online brand communities in more interactive ways than ever which enables brands to deepen their relations with them in the context of internet. 1 As they all have same objectives, they develop an identification relationship. Even when there was some kind of discord regarding tastes and preferences, in general the members understood this to be something specific to the person. 0User-generated content and experience dominates the marketing communication implementations over social networks. Low costs, customization and ease of creating focused of messages through online communities are advantages over the traditional communication channels. 9 Members of online brand communities can easily share consumption experiences and interact with each other, 1 personal opinions and experiences people have regarding products are seen as judgments coming from trustworthy sources, since those who posted the information …show more content…
This is because they realized that at the Internet age, a virtual brand community is important for the company to keep their customers and get feedback from their customers, so that to increase and foster loyalty of consumers. Through Virtual Brand Communities, companies can better satisfy their customer needs, listen to their customer’s voice, to improve their customers purchasing willingness, so that they can get more profit. 19 Most of the companies of today customize their products and services to a greater extent because they are aware that their clients are more and more informed and pretentious. They can get any kind of information from the Internet. Therefore, to satisfy their clients at the highest level as possible, organizations aim at building long-term relations with them, by implementing electronic customer relationship management systems and by practicing interactive marketing specific for the digital world. 17 That is also the reason that marketers are very eager to learn about, organize, and facilitate brand communities (e.g., McAlexander, Schouten, & Koening, 2002; Schau, Muniz, & Arnould, 2009; Zhou, Zhang, Su, & Zhou, 2011), which include a series of connections and relationships among people who admire a brand (Muniz & O’Guinn, 2001). So, it is necessary for a company to know how the virtual brand community can affect consumer’s decision, so that they could use online
The company’s brand advocacy and its activity on social media, shown through their massive social following, allows them to reach a huge audience where they can directly communicate with them. Whether it be their separate Twitter handles, which each represents a specific app or function, to their ability to “respond to 64% of comments within the hour, and 99% of comments within 24 hours”(Hitz, 2014). This creates a system of trust and strong branding. Targets creating a relationship with their consumers which in turn creates consumers who want to speak out on behalf of the brand.
1. In the broader context (not specific to Dollar General), what is KKR’s investment strategy? What are the challenges KKR will encounter to make its investment in Dollar General successful? How could KKR add value to Dollar General?
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
TCii (2011) describes the importance of digital marketing that as the world is moving from analogue towards digital, people are consuming more and more digital content on a daily basis just as increased usage of mobiles, computers at works laptops and other gadgets-the companies who have yet not recognized this in their marketing strategies need to adopt it fast. The pace at which world is focusing on digital marketing it is possible that soon it will eliminate the traditional forms of
Johnny Cupcakes, Inc. also known as Johnny Cupcakes, is an independent clothing and accessories brand founded by Johnny Earle in 2001. Johnny Cupcakes is a mid-size apparel retailer, which selling T-shirts, shorts, sweaters, jewelry, undergarments, pins, hats and accessories. The brand tends to use cupcakes as the outstanding design motif to replace iconic symbol with a cupcake symbol on its clothing. The brand’s logo is skull and crossbones, with a cupcake replacing the skull. Johnny Earle started his idea of cupcakes-theme shirts while ordering a few screen-printed shirts for the hardcore metal band (On Broken Wings)
Brands are complex offerings that are conceived by organisations but ultimately resides in the consumers mind (De Chernatony, 2010). A brand thus signals to the customers the source of the products and services and protects both the competitor who would attempt to provide products and services that appear similar or identical (Aaker, 2004). Brands provides the basis upon which consumer can identify and bond with a product or service or group of products and services (Weilbacher, 1995). A brand is a specific uniqueness associated with a product or services that enables the consumers connect with it by easy identification through the name, slogan, design, logo, symbols, etc. of the organisation that produces the products or
CHAPTER 1: INTRODUCTION 1.1 Background Over the past fifteen years, social media has advanced definitely both by they way we use it and how noticeable it is inside of our social culture. This advancement of social media has spilled over and impacted most businesses. Social media has taken the sports business to another level with regards to sports marketing and advertising, and brand sponsorships with different online networking channels like Twitter and Facebook. From the pros to the minors nearly every sports club, association, league and team has an official social media account on Facebook, Twitter, and Instagram.
1. INTRODUCTION Apple Inc. Official, a famous IT company in the world, began with a computer. They produce electronic gadgets with a good quality and attractive over the year. With their massive success, however, they are actually having problems, regardless internal or external problems.
Building an online community significantly influences the success of online
Companies to cater to customers in the most effective manner were forming various strategies. To attract new and engage the old customers, development of mobile applications, websites, and campaigns on social networking sites are some initiatives companies are adopting. The global luxury goods market is categorized by large number of mergers and attainments, thus making it favorably consolidated in the near future. The global luxury goods market is expected to grow moderately over the
Most people today, own one at least one technological device which could be one of the access platforms that form online channels the company may apply for their digital marketing to achieve profitability and retention of customers. Chaffey and Ellis-Chadwick (2012) state that a digital marketing strategy is constantly needed to provide a sense of direction for an organization’s online marketing activities so that they integrate with its other marketing activities and support its overall business goals. According to Parise et al.
Online Marketing Internet and powerful mobile technologies have rapidly increased company efforts to market their products and services and build customer relationships via websites, social media, e-commerce, mobile apps, online promotions etc. These are very powerful tools, especially to reach the younger generations of tech savvy
While consumers can contact the companies at any time through their official websites, thanks to social media, companies are now able to contact the consumers at any time. This opportunity for communication can be advantageous for both consumers and marketers; for instance, consumers can announce their demands and grievances or marketers can get consumers’ opinions about their new products before their release into the
The aim of this report was to research and understand what exactly digital means, the importance of the digital world to companies today and how they use it to the best of their ability for the positive performance of their business. Through our research of academic and peer reviewed articles and journals we learn how digital space can provide a world of opportunities to organisations as we focus in on the hospitality industry and the hotels who make the most of the digital platforms available. We are aware that many companies are rushing to become digital in order to reap the awards of these opportunities, but we look at how they surge to be effective or in some cases fail and see a decline in their digital popularity scale. North, 2014 discusses how consumers have little or no loyalty to brands and are willing to move from one digital platform to another as technology changes. Yvonne – Introduction (600) Aoife – Conclusion & Part A (800) Nadia – Referencing & Formatting & Part B (300) John – Technology Paragraph.
Introduction At the start of this course, I had no idea what to expect. This is due to the fact that marketing is a field that offers a combination of so many different disciplines such as art, psychology, and statistics. I encounter marketing on a daily basis but have strangely enough not reflected too much about it. Nevertheless, it is a very interesting subject, which deals with promoting and selling services and products.