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A short conclusion for self-concept
Structure of self concept
Discuss self-concept analysis
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Question attempted:
Identify two brands within the same product category that project different images to the consumer. Discuss the different projected images by comparing and contrasting the two different brands. What techniques did the marketer use to create these images? How would you explain this deliberate attempt in the light of the self- concept of the buyer?
Executive Summary
“Products are created in factories but brands are created in the mind of the prospect.”
These immortal words symbolize the power of branding and the criticality of brand management. Every brand has a personality and is thus able to position itself in the mind of the prospect. Products in the same category may solve the same problem but, all consumers don’t buy the same product. Some base their decisions on price while some may decide on the basis of the benefit they derive from that product. The decision making process is sometimes long and arduous but sometimes, low involvement and easy. The personality of the brand and how it is communicated is one of the key factors on which decisions are made. Through this paper one would identify products in the same category and analyze their promotional strategies and how the brands have evolved over the years. Marketers use diverse techniques to project various images to the prospect, once these projection techniques are identified the marketing techniques would also be explored. After the brands are identified, the promotional strategies employed by them would be explored. Thus, the evolution of the brand can be traced. The evolution of the brand would give us key insights in the different images projected by them.
The self concept of the buyer, gives us reasons as to why the prospect buys our product, and to what parts of his/her self, our product targets.
THE BRANDS
IBM computers, one of the largest computer hardware firms in the world and probably one of the oldest. International Business Machines was established in 1924, when they made the Electronic Accounting Machine. In 1969, IBM changed the way it sold technology. Rather than offer hardware, services and software exclusively in packages, marketers "unbundled" the components and offered them for sale individually. Unbundling gave birth to the multibillion-dollar software and services industries, of which IBM is today a world leader. In early 1980s IBM got into t...
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...s conventional media like television and Newspapers. Another medium it uses to increase its brand recall is sponsorship of major events like The US Open Tennis Championships.
Through IBM’s promotions one can decipher the brand personality they’re trying to project. Its image is-
• Efficient
• Hardworking
• Reliable
• Technology
• Success
Consistent with the idea of self images, IBM also caters to a particular self-image. All technological products usually target the worker inside oneself; IBM is no different .It also targets the Ideal Self; it tries to project what the consumers would like to see themselves as. The slogan for IBM is ‘On demand Business’, which represents efficiency and technological brilliance.
The target market for IBM computers is the office going male/female or even college students.Peoeple in this segment aspire to be all what IBM stands for. Even though IBM is not a fantasy product, IBM promotes it to be a panacea for all office and home troubles. This further enhances its aim to target the Ideal Self concept.
As McKevitt claims, brands need people who have the ability to develop
Watson also stressed the importance of the customer, a lasting IBM tenet. He understood that the success of the client translated into the success of his company, a belief that, years later, manifested itself in the popular adage, "Nobody was ever fired for buying from IBM."
In every given business, the name itself portrays different meanings. This serves as the reference point and sometimes the basis of customers on what to expect within the company. Since personality affects product image (Langmeyer & Shank, 1994), the presence of brand helps in the realization of this concept. Traditionally, brand is a symbolic manifestation of all the information connected with a company, product, or service (Nilson, 2003; Olin, 2003). A brand is typically composed of a name, logo, and other visual elements such as images, colors, and icons (Gillooley & Varley, 2001; Laforet & Saunders, 1994)). It is believed that a brand puts an impression to the consumer on what to expect to the product or service being offered (Mere, 1995). In other application, brand may be referred as trademark, which is legally appropriate term. The brand is the most powerful weapon in the market (LePla & Parker, 1999). Brands possess personality in which people associate their experience. Oftentimes, they are related to the core values the company executes.
The machine seen in the ad is known as the the NCR ‘390’, and it is a computer system that was released in 1962. It was the first low-cost, mass-marketed computer of its time. However the NCR 390 wasn’t the only thing that came out in 1962. The Second Wave of feminism also surged and touched on every area of women's experience — including family, sexuality, and work. In the ad, it can be inferred that the target audience is women who are interested in entering the labor force and those who support women in the workforce. With the the targeted audience made clear, the purpose of the ad is to persuade the public into purchasing their brand-new system. By providing statistics, credibility and even support for women, the NCR corporation is attracting American customers to buy their contemporary machine.
Brand identity is about story telling. Using the latest content that has been published, compromising the five best images that reflect the profile of the brand, a consumer-photo-storyboard can be developed to: Describe the profile of the brand; Identify the main communication and publicity themes; and Critically assess the integrated modes of communication with consumers, including limitations and negative content.
Then by late 1993, Gerstner made a very crucial decision of no the break up the company, but by going to the market as “One IBM”. He then called on each of the senior executives at the company to go out to a group of customers and “bear hug them”, these executives were therefore personally responsible for their assigned customer accounts and accountable for any problems that arose.
Naturally, it was singled out for criticism by the entire industry and the government. IBM also attracted anti-trust legislation as a result. IBM lost out once the Personal Computer industry began to boom. It found that the old paradigm of closed proprietary systems applicable to the mainframe business was not relevant to PCs.
Organisational culture can be defined as, “the values and behaviours that contribute to the unique social and psychological environment of an organisation.” (Business dictionary, 2015, p. 1). The organisations culture also includes the experiences, expectations, values and expectations that holds an organisation together. In relation to IBM’s culture, Thomas J. Watson played a big role in the successful cultural heritage breathed at IBM today. Watson introduced “THINK,” as IBM’s slogan and it did not have any particular meaning. Watson believed that when people would see “THINK,” they would find out what he really meant. IBM’s “THINK,” entered the popular cultural world, usually known as being humorous. Although “THINK,” was the seed of IBM’s culture, the company introduced and developed a formal set of beliefs, which were expected to guide employees and their behavior. According to IBM’s article “a culture of think (n.d),” these beliefs
International Business Machines, better known as IBM, is one of the worlds largest technology companies, currently ranking at number twenty in the fortune five-hundred. IBM was founded by Thomas J. Watson, not from scratch, but through the merging of three, already prominent, computer companies. IBM distinguished itself, not only through selling products, but primarily through research and development. IBM is currently one of the forerunners in the burgeoning field of internet clouds.
Brand selection: the advertisements, messages and discounts offered consumers to try something new with lower price for a variety of product, restaurant menu, branded handbag and so on.
This paper argues why both brand identity and packaging are vital to a successful marketing strategy, and that they are more powerful intertwined, than as two separate elements.
Know one would of forecast the success of IBM. It was obvious that they would be successfully because computers are extremely important in todays world. Without computers society wouldn’t be advance in technology and other areas.
Marketers assert to develop branding and packaging strategies that signify the brand’s products in a way that establishes lasting impressions in consumers’ thoughts. Because brands distinguish the many product offerings in the marketplace, brands help consumers choose between product offerings. When branding and packaging strategies clearly illustrate worthy product expectations, and products remain true to branding messages, positive consumer perceptions ensue, and brand value is strengthened.
"Technology is like fish. The longer it stays on the shelf, the less desirable it becomes." (1) Since the dawn of computers, there has always been a want for a faster, better technology. These needs can be provided for quickly, but become obsolete even quicker. In 1981, the first "true portable computer", the Osborne 1 was introduced by the Osborne Computer Corporation. (2) This computer revolutionized the way that computers were used and introduced a brand new working opportunity.
The company did not show much success until its expansion in 2005. In 2005, Lenovo acquired IBM’s “ThinkPad” business (Martin, 2014). This acquisition was a major strategic move for the company as it allowed the company to gain access to the foreign markets and consumers. It also allowed the company to signficantly increase its product offering in terms of volume. By acquiring IBM’s personal computer business, the company became the third largest PC manufacturer in the world (Martin, 2014).