Upload
anglia
View
1
Download
0
Embed Size (px)
Citation preview
Table of Contents
ParticularsPage
No.
Introduction 03
Rationale of the Study 03
Research Question 04
Research Objectives 05
Literature Review 06
Research Philosophy 10
Research Design & Methodology 11
Research Techniques: Data
Collection and Others14
Data Analysis 16
Limitations 17
Strategies to Overcome Barriers 17
Suggestion for Further Study 18
References 19
2
Introduction:
Operational brand management strategies are crucially
desirable for a long run accomplishment of a business
particularly in the circumstance of competitive environment.
Before developing as well as implementing these approaches
it is very significant to evaluate the current situation of
company’s brand that where we are. This existing position of
a company’s brand can be measured through brand fairness.
Brand fairness is the gathering of assets and
accountabilities of a brand, linked to the brand uniqueness
that displays the additional value in the mind of end user
that enterprise had earned from the historical performance
of its brand (Aaker, 1991). So, when a firm considers brand
strategy it should focus on assets and accountabilities of a
particular brand.
3
Rationale of the Study:
The research will try to uncover the factors which relate
brand strategy with customer choice. And it is based on the
examination of the fact that, how branding strategy is
helping in determining the action of consumers to choose a
product or service or in what extent branding strategy
influences consumer choice. The research will also focus on
the particular brand – ‘Dove’ concerning customer choices.
These will be much clearer in the objective part and it will
provide an over view of the research. And, of course the
research will be held on England perspective. It will be
conducted on the senior employees of ‘Unilever’ who have
something to do with determining the branding strategy of
the particular brand ‘Dove’ and the consumers of this brand.
After completing this we will get an idea that in what
extent branding strategy contributes to regulate the mode of
action in case of customer choice.
Research Question:
Core Question:
Does branding strategy for the brand ‘Dove’ influence the
product choice of consumers?4
Sub – Questions:
Is branding strategy influencing customer choice
positively or negatively?
What are the factors related with this process?
How does branding strategy work from the consumers’
point of view?
In what extent it is affecting consumers’ product
choice?
What measures should be taken to influence the
consumers’ product choice positively?
What principle will be followed for media planning,
public relation and organizing brand management in case
of the brand ‘Dove’?
5
Research Objectives:
To find out the relationship between branding strategy and
consumer product choice.
Sub – Objectives:
Finding out the factors both individual and environmental
which makes branding strategy influential for consumer
product choice.
Focus on the extent to which branding strategy influences
consumer choice.
Identifying the aspects in which companies need to focus
to influence consumers positively.
To examine branding strategy from consumers’ point of
view.
To overcome the lacking of branding strategy and make it
effective to determine consumers’ product choice.
6
Literature Review:
Scholars mentioned about brand past which states us how the
publics have used the brand as a sign of identification. In
the previous times the brand was used to distinguish the
goods of one manufacturer to others (Hasan, 2008). The
antiquity of branding drives back while people used burned
mark on livestock in order to recognize the quality.
Branding ideas have been utilized for periods everywhere the
world in diverse forms (Hill, & Jones, 2009).
Brands play dynamic part in the result making procedures of
the consumer. It is imperative for businesses to find out
consumer’s decision course and identify the principles,
which consumers relate while constructing decision. How
brand titles influence the consumer buying decision? Why
consumers purchase a certain brand also infers how consumers7
select what to buy. Consumers follow the arrangement of
phases in decision course to purchase a particular product.
They start understanding a necessity of product, get info,
recognize & assess alternative products then finally choose
to buy a product from a particular brand. When consumers buy
certain brand regularly, he or she usages his or her
previous knowledge about that brand manufactured goods
concerning performance, excellence and visual appeal (Pars &
Gulsel, 2011a).
Experts suggest that, in today’s commercial environment,
businesses must make effort firmer than ever earlier to
attain some amount of difference in their goods. Many
businesses have required accomplishing this difference by
branding their goods, simply placing the company’s name on
merchandise. The market is swamped with new as well as old
brands besides concentration of brand conflict is growing
gradually. The admiration of a brand is an instrument for
existence and achievement of business in the marketplace. In
this respect businesses offer diverse packages to consumers
with the use of altered resource weaponries in this rivalry
war for raising consciousness among the consumers about the
branded merchandise (Rosen & Olshavsky, 1987a).
It is thought that branding or else re-branding, through a
new tag otherwise logo does not originate cheap and should8
consequently be held with highest care and accuracy lest it
sums to a entire waste of money as well as other resources.
Lead Edge (2005) declares, based on the outcome of its study
that the worth of a robust brand lies in the reaction left
with everyone who comes into interaction with the business.
They additional opined that the maximum persuasive reasons
for operative branding is to attain customer loyalty and
care a premium price since buyers rely on knowledge and
their long thought outlooks about a brand; besides that
effective brands are frequently concentrated on one
particular market section. For a new authority, a most
operative branding, involves an unforgettable name plus an
ever-present slogan united with an instantly identifiable
and exclusive logo. It suggested a simple and logical
forward logo or else possibly, a rich design of an idea.
Some scholars talked about brand image. Brand image can be
separate as the gist that the consumers recognize with the
merchandise or as the amount of their accepting of the
merchandise. Brand image is the outcome of feelings of
consumers grown from numerous bases about the brand. Several
issues such as trying out the branded manufactured goods,
the producer's reputation, product packing, brand name, the
advertisement arrangement used as well as its content plus
the sort of mass media wherever the advertisement is
accessible are amongst these sources. Brand image is9
understood as the amount of the expressive and visual
impressions which occur in the users about the product. Many
features such as whatever that the brand recaps, what it
suggests in the sense of the consumer besides the buying
manners of the end user must be considered with in order to
define the brand image (Lombard, 2007a).
Consumers’ choice making decision is also determined by
brand image. Brand image acts in the thoughts of the
consumer through views of brand that arise by means of the
brand suggestions reserved in memory. In addition to that,
Brand image is the total of views concerning the brand plus
it may comprise basics such as product uniqueness, feelings,
as well as mind associations. Brand image is the quantity of
elements totaling meaning besides worth the brand. Consumers
assess products as well as brands relating with the image
they shaped and they buy the image, not the merchandise.
Product qualities and assistances that it delivers can be
measured as very significant issues for a branded
merchandise to ensure an image (Lombard, 2007b). Brand must
suggest positive brand qualities, assistances, company
morals, character, and users in the minds of buyers for
formation of a robust brand image. In total, assimilation of
the brand image using commercial image is also essential for
a brand image to be operational. Thus considering all these
aspects and planning thereby if branding strategy is applied10
then it can be expected that it will be proven to be
influential to make the consumers choose a particular
product.
Daye, VanAuken and Asacker (2008) recognized color as a
serious part in developing a branding policy. They
pronounced that a business necessity to be intelligent in
bearing in mind what they named the consciousness of color
while designing their advertising materials. These authors
stated that colors not only improves the presence of the
element they also effect consumer behavior. They more said
that the color of brand may mark or ruin branding strategy
whereas pointing out that result of colors varies; from
nation to nation. Some other researchers mention that firms
should somewhat concentrate on taking a brand collection
which typically refers to the firms set of linked brands
and/or goods. According to them, the old-style logic after
having a collection of brands than a particular brand has
been potential diversification as well as risk minimization.
However it is also advised that the existences of a firm
taking one principal star brand plus others of low quality
simply ensuing have gone. There are three split methods to
developing an operative branding strategy specifically,
determine which spectators to emphasis on, fix what message
brand should carry and lastly, determine what makes the
brand. Further it is opined that a brand need to have a11
strong audience attention, value emphasis and tone-of-voice
emphasis with which to convey its well-honed note.
In today's concentrated competitive situation, business’s
purposes must not merely meet consumers' expectations, but
also surpass these expectations so as to stay alive in the
market plus companies must create trustworthy consumers by
giving self-assurance to them. So, companies’ purposes can
reach these goals through branding (Pars & Gulsel, 2011b).
Different strategies can serve this purpose. And strategies
can be possibly hybrid (Rosen & Olshavsky, 1987b). Mr. Eric
and Mr. Tamar argued that brand strategy should be based on
economic metrics to be effective (Almquist & Dor-Ner, 2012).
Sometimes customers can be uninterested about a product or
service for branding it by the store name (EuroCommerce,
2010). Scholars say that consumer perception can be said as
the image of a particular brand. To some extent it can
differ from the physical aspect of the product (Lombard,
2007c).
12
Research Philosophy:
Selection of subject:
In my judgment, of all subjects Consumer Behavior is the
most fascinating since understanding consumer behavior is
crucial to succeed in today’s ever-growing competition among
businesses across the world. Partaking in the study of
Consumer Behavior, the limit of my awareness about consumer
behavior will be widened and together I am immensely willing
to do research on Consumer Behavior. The purpose I chose the
subject is mostly because it is directly connected to
13
consumer behavior. Consumers favor one brand above another,
generally because of their behavior as well as attitude to
the merchandise and so forth.
Other aspects:
The key sources of my info for this work are books, writings
as well as the database for research articles from online. I
will try my best to apply recent info in my study, since
recently available info is most dependable, authentic plus
trustworthy. I realize branding and consumer behavior are
the arenas that gets modernized continuously.
In my view, the writings I have got and used in my study as
a reference are reliable since it has been written by
specialists and well-known people in the arena of marketing.
These philosophies, books as well as articles, are
recognized in whole of the educational world plus are widely
used as a reference. Furthermore many marketing executives
and investigators apply these philosophies as a marketing
instrument. Consequently I can trust this info as dependable
to be used in my study.
14
Research Design & Methodology:
Nature of the
Research
: Descriptive Type.
Population : All the consumers of the brand
‘Dove’ in England. Sample Size :
50 employees of Unilever and 300
consumers of the particular brand
‘Dove’.Sample Technique : Non Probability Sampling
(Convenient Sampling)Sources of Data : Primary (secondary to some extent).Technique of
collecting Data
: Unstructured interview, Survey
using 5 (five) point Likert scale. Data Analysis : Qualitative analysis as well as
statistical analysis will be
performed through analyzing
Percentage, Mean, Standard
Deviation, Coefficient of
Variation, Correlation and
Regression using SPSS software.
Methods in detail:
Research Design
15
The study is based on the brand strategy and its influence
on consumer choice of the product. Research can be three
types – Exploratory, Causal and Descriptive. Exploratory
research only explores the fact; causal research is
conducted to find out the cause of a particular phenomenon.
And descriptive study describes a matter. So, it is not a
causal or exploratory study rather it is a descriptive
research.
Population
Here the population will be consumers of the products
bearing the brand ‘Dove’.
Sampling design
It is said that a drop of blood is a perfect sample to judge
a human body. Studies will show the appropriate result if
the sampling is appropriate. ‘Dove’ is a product brand under
the mother company ‘Unilever’. The study will be conducted
on the 50 senior employees of ‘Unilever’ who have something
to do with determining the branding strategy of the
particular brand ‘Dove’ and 300 the consumers of this brand
in England.
Questionnaire Design
My planned questionnaire is very adjacent to the context of
my study, which I need to know through this study about
16
consumer decision, consumer behavior, brand loyalty, brand
attentiveness, brand quality, brand name and customer
experience, social class price strategy etc. in relation
with the branding strategy set by the management. My
questionnaire will focus on the issues like – Brand Name and
Influence on Consumer Choice, Brand Mark and Influence on
Consumer Choice, Consumer Belief that their Choice Brand is
superior in Quality than Others, Consumers Ability to
Identify Their Choice Brand, Consumer Ranking of the
Dissimilar Elements of Branding as they Affect their Choice,
Wrapping and Influence on Consumer Choice etc.
Expected Result:
Based on the past studies it can be said that the research
may show there is a positive relationship between a good
branding strategy and consumer choice of the produce. And
brand sign, color, etc. plays an important role to determine
the course of action of consumers in choosing a product.
17
Research Techniques: Data Collection and Others:
Qualitative Vs. Quantitative Approaches:
There are two types of approaches that scholars can employ
when gathering information for a study. These are known as
qualitative and quantitative approaches. The cause of
qualitative research is to see what is in a consumer’s
thoughts. It can be completed to access and take an
irregular idea about customer’s viewpoint. It helps the
scholar to be focused on to the diversity and complication
of consumer’s doings and anxiety. The Qualitative statistics
is composed for various motives. It is very useful to know
effects which scholars can discover through Qualitative data
analysis. Academics can straightly measure practical stuffs
which are unmanageable otherwise, similar to respondents
emotion about particular product or brand, views, intensions
and behavior.
The quantitative data investigation similarly plays a
significant role in the study, this is principal method used
mostly in economics and business. The quantitative
statistics is used very commonly in study and now it has
developed a significant share in research analysis.18
Quantitative research is largely employed as a substitute
for any data analysis assembly technique for instance
questionnaire, data analysis formed through statistics and
graphs. The quantitative data states to all sort of such
data that can be utilized for all type of research policies
for the products.
Data Collection Techniques for this Study:
For Qualitative Data: Data will be collected through
unstructured interviews both from Unilever employees and
from the consumers of the particular brand ‘Dove’.
For Quantitative Data: Quantitative data will be
collected through a structured questionnaire using five
point likert scales. And as it is mentioned earlier that
this questionnaire will be constructed focusing Brand
Name and Influence on Consumer Choice, Brand Mark and
Influence on Consumer Choice, Consumer Belief that their
Choice Brand is superior in Quality than Others,
Consumers Ability to Identify Their Choice Brand,
Consumer Ranking of the Dissimilar Elements of Branding
as they Affect their Choice, Wrapping and Influence on
Consumer Choice etc.
19
Data Analysis:
Qualitative Data Analysis:
It is some types tough to analyze qualitative data. Here
this type of data will be analyzed based on common sense,
perception and previous experience. Assistance from the
expert may be required in this regard for getting the more
appropriate result.
Quantitative Data Analysis:
It has been mentioned earlier that quantitative data will be
analyzed through using SPSS software. For this different
statistical method will be applied. Here a brief description
of these methods is presented –
Percentage: It is a simple method; this is mainly the
percentage of total respondents who give their consent on a
particular fact or question and the consent goes to a
certain direction. For instance, regarding ‘Brand Mark and
Influence on Consumer Choice’ 30% (thirty percent) of the
total respondents react positively.
Mean: It is simply the average of the answer given by the
respondents on a particular question.
21
Standard Deviation: This is a tool which measures that in
what extent respondents’ answer can deviate from the mean or
average answer.
Coefficient of Variation: It is a used to compare the
variability of the response of the respondents. It is
calculated like this –
(St. Deviation/ Mean)*100
Correlation: It studies the relationship between two or more
variable.
Regression: Using this statistical tool average probable
change of one variable in respect of certain portion change
of another variable can be measured.
(Gupta & Gupta, 2007)
Limitations: It is said that qualitative judgment is difficult than
quantitative judgment. In case of quantitative judgment
there are available statistical tool. This is so true in
case of a research. This might me a limitation for this
study.
Experience does matter. As a student I have not that much
experienced as a professional researcher. So, lack of
22
experience can be a limitation for this research and this
may be reflected on the outcome of the study.
This study is done only based on England perspective. As
the research is conducted on a particular area, the
outcome of the research may be biased and it will not
focus on the world’s situation as a whole.
Strategies to Overcome Barriers:
To overcome the limitation come from qualitative judgment
there is something which can be a good strategy. To judge
or derive conclusion from the collected qualitative data,
assistance from the expert or experienced individual can
be posed as effective.
Limitation arisen from lack of experience can also be
overcome with the help of experienced individuals or
experts. This can be a fruitful strategy.
As it is mentioned earlier the research is conducted
based on certain environment thus it could be partly
biased. So, to overcome this limitation the sample should
be diversified. In case of consumers the respondents can
be selected from different class of people who have
different outlook and philosophy on life.
23
Suggestion for Further Study:
The existing study is based on the particular brand ‘Dove’ and
from England perspective. Consequently, the outcome cannot be
generalized for other parts of the world as the result may
from nation to nation since some other factors are there like
– culture and so on. I think more research can be conducted on
a huge scale with big sample size and not only with the brand
‘Dove”, but also covering other well-known brands and other
products or in other areas of the world focusing on branding
strategy and consumer choice of the product.
Some interesting evidences are found in past studies, amongst
them one is that recognized brand name is more popular than
the unfamiliar brands. Individuals have a great responsiveness
about the well-known brand. Common of customers desire to buy
a renowned brand product. Thus customers do not need to take
any risk to buy unfamiliar brands. Though study displays that
publics’ first inclination is to buy a branded products
however I cannot relate this result to other studies.
Additional study can be rendered in this part for finding the
24
wide responses that this outcome can be applied for all other
studies.
References:
Aaker, D.A. (1991) Managing Brand Equity. New York: Free Press
Almquist, E. & Dor-Ner, T. D. (2012) Brand strategy that
shifts demand: Less buzz, more economics [online].
Boston: Bain & Company. Avaiable from: https://
www.bain.com/.../BAIN_BRIEF... [accessed 29 December
2013]
25
Daye, D., VanAuken, B., & Asacker, T. (2008). Color
Psychology in Marketing. [online] Available from:
http://www.brandingstrategyinsider/color-
psycholog.html,page. [accessed 29 December 2013]
EuroCommerce (2010)Own Brands: Increasing Consumer Choice
and Driving Innovation [online]. Brussels:
EuroCommerce a.i.s.b.l. Available from: https://
www.eurocommerce.be/.../broc... [accessed 29 December
2013]
Gupta, S. P. & Gupta, M. P. (2007) Business Statistics 14th
ed. New Delhi: Sultan Chand & Sons.
Hasan, T. (2008) Influence of Brand Name on Consumer
Decision in Car Choice [online]. Umeå: Umeå School of
Business and Economics (USBE). Available from: https://
umu.diva-portal.org/.../FULLT... [accessed 29 December
2013]
Hill, C. W. L. & Jones, G. R. (2009) Theory of Strategic
Management. 8th ed. Delhi: South – Western Cengage
Learning.
Lead Edge. (2005) Developing an Effective Branding Strategy.
[online] Available from: http://www.leadedge.co.uk.
[accessed 29 December 2013]
26
Lombard, A. (2007) The Impact of The Brand Identity Strategy
of a Consumer Product on Consumer Perceptions [online].
Pretoria: University of Pretoria. Available from:
https:// upetd.up.ac.za/.../dissertation.pd...
[accessed 29 December 2013]
Pallister, J. & Issacs, A. (2004) Oxford Dictionary of
Business. 3rd ed. Delhi: Oxford University Press.
Pars, S. R. & Gulsel (2011) The Effects of Brand Image on
Consumers’ Choice. International Journal of Business
and Social Science [online], 2 (20), pp.227-238.
Available from: https://
www.academia.edu/.../The_Effe... [accessed 29 December
2013]
Rosen, D. L & Olshavsky, R. W. (1987) A Protocol Analysis of
Brand Choice Strategies Involving Recommendations.
Journal of Consumer Research [online], 14, pp.440-444.
Available from: https:// kuscholarworks.ku.edu/.../A
%2... [accessed 29 December 2013]
27