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Brand loyalty in the contemporary world
Brand loyalty in the contemporary world
Brand loyalty in the contemporary world
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A brand community is defined as a specialised, non-geographic community based on a structured set of social relationships among admirers of a brand. They are social entities in the day-to-day lives of consumers that connect the consumers to the brand and the con-sumers to other consumers (Albert M. Muniz, 2001).
Although brand communities form themselves with no help from the brand itself but rather form through other members of the community that share a common admiration of a particular brand. Usually these consumers or people who admire the certain brand would be very brand loyal. There are three traditional markers of community; consciousness of kind, moral responsibility and rituals and traditions (Pauline Kelly, 2010).
Consciousness of kind is the connection that members of a brand community feel to each other, they feel they sort of know each other on some level, even if they have never will notice a difference between users of their brand and users of other brands; this is referred to as legitimacy (Albert M. Muniz, 2001).
Moral responsibility is where members of a community feel a responsibility to other members and the community as a whole. Within moral responsibility there are two missions that brand communities aim to achieve. Firstly integrating and retaining members to make sure that the community stays alive. The second mission is to assist with the use and maintenance of the particular brand, whether they know the person on a personal level or not. It is something a member of a brand community does generally without thinking as they are helping other members of “their” community (ibid).
Rituals and traditions are social processes within a community that defines them as a brand community. Some of these would be...
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...iduality of every single Mini. Within the UK there are over 150 Mini clubs which were set up by Mini enthusiasts to meet with other Mini enthusiasts. These clubs are also spread out across the internet so as that they can communicate with other Mini owners and enthusiasts not only geographically close to them but around the whole world too.
Mini brand community members show a consciousness of kind; they feel a sense of “we-ness” due to their shared enthusiasm and passion for the Mini. They can distinct who belongs and who does not, they have a loyalty towards the Mini brand. There is an oppositional brand loyalty which lies with the new BMW MINI. Most of the Mini clubs do not allow owners of the BMW MINI to join as they do feel that this MINI is not a true Mini as it does not express individuality. They also feel betrayed as the MINI is not a British car anymore.
We live in a new generation of buyers. Consumers used to be taught how products can help them fulfill their needs or reach goals and the benefits of the products were described to provide reasons for buying. Now consumers only buy if they identify therefore positive attitudes towards a brand of product should be taken in consideration to express a brands values as social groups influence consumers by sharing their own experiences and connections in their community. The value of a great shopping experience is rather found in the moment of consumption, rather that in the purchase of a product. Brands should understand that people do not buy only the products, they buy the services that the products provide too.
We connect with people through small interactions like the shared expressed frustration of waiting for a late city bus, or through the shared sorrow we feel when our favourite team loses an important game. The sociological imagination lets me connect my small work experience to how we assess advertisements and associate brands. When we see popular symbols like a Nike swoosh we either think of sports, or the corporation. Small things like inspirational stories of people from disadvantaged backgrounds encourage us to better our lives. My mere Sport Chek example helps me connect the goal of a certain brand with the goal of the corporation behind it. We are all subjected to these corporations that try to impose their ideas on us through small things, like their logos and jingles. Corporation is the company that represents a certain idea within a corporation, that idea being the brand. Corporations benefit from our tiny interactions with their brands, and make millions whether we are aware of it or not. Although Sport Chek has good intentions, they are still a corporation based on the healthy
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
Brands create inspirational lifestyles based on these consumer relationships. Associating oneself with a brand transfers these lifestyles onto consumers. Marketing is very
Kevin Keller’s brand equity model is known as the Customer Based Brand Equity Model (CBBE). This model was first introduced in his book, Strategic Brand Management. According to the model, a company must shape how customers think, feel, and act towards a product in order to build a strong brand. A consumer must have the right type of experience around the brand, which foster positive thoughts, opinions, perceptions, beliefs and feelings. By building strong brand equity, customers will recommend company products and will buy more of them. Moreover, this increases brand loyalty and decreases brand switching to competitors. One’s memory consists of a network of associations and connecting links, and any association ever processed about a brand
A community is comprised of a group of goal oriented individuals with similar beliefs and expectations. Currently the term is used interchangeably with society, the town one lives in and even religion. A less shallow interpretation suggests that community embodies a lifestyle unique to its members. Similarities within the group establish bonds along with ideals, values, and strength in numbers unknown to an individual. Ideals and values ultimately impose the culture that the constituents abide by. By becoming part of a community, socialization...
...s is achieved through social groups. Marketers focus upon group influence and social needs in their marketing activity to develop a stronger brand image which carers to the needs of the consumers.
BMW is a not just a company, it is a brand. The BMW brand manufactures automobiles built on engineering precision, manufacturing excellence, and being German. As the adverts tell us all, a BMW is ‘The Ultimate Driving Machine’. The Mini is also a brand. The Mini brand is built on personality, eccentricity, and being British. BMW cannot just re-badge, re-engineer and re-sell the brand as the ‘BMW Mini’. The very appeal of the Mini brand would be lost.
... all the existing meanings and definitions of brands are provided. The history and evolution of brands are also looked upon.
The term 'branding' in modern marketing is generally originated in the agricultural practices of the medieval age. The farmers 'branded' their animals with the iron and then they were able to identify to whom a particular animal belonged. Artisans 'branded' their products, for example, expensive silver tableware. Smiths 'branded' their swords. The role of the brand is to identify products by the same way as for medieval farmers and for modern corporations as well.
People are buying the product which gives them prestige. Marketers have interest on consumer psychology and they are playing with every day by showing that their product will give prestige in the society. It’s true that the transparent societies now needs brands image. Marketers analyze the interest and needs of consumer than create the product according to the need of the society. Brand can attain the people attraction and the business can have the good reputation by giving satisfaction to consumer. If the brand gives satisfaction and function are according to the expectation of consumer than the brand gets good image on the mind of consumer. brand image is great weapon to use for the competitors it builds in years , at once the business gets brand image it has competitive edge from other brands in the market. When consumer rely on the brand the company can create the long term relation with the consumer, in other words (CRM) consumer relationship management. The brand image has effect on the choice of every individual there believe and attitude change their preferences. Brand image can be effected by price as price is an important part for consumer when they are making purchase decision if they find the value of brand is equal to the pricing they purchase that brand if not they refuse it. Similarly the image of brand can be effected by the attributes and features or
This method is used to “gain mutual understanding and find a win-win common ground” between brand and consumers, and develop a more long-term relationship beyond just sales (Straubhaar, 300). From Facebook posts and Tweets to Youtube videos, each channel offers a distinct venue for brands to share its content with consumers on platforms they frequent. Each of these social channels help develop the brand’s overall aesthetic and personality, giving consumers a more personal connection with the brand. In return, social media provides consumers with the ability to engage directly with the brands they take interest in, 24/7. Consumers can “favorite” or “like”, share, and post comments on brand posts which can increase brand awareness and spread their message. PR teams have taken advantage of the move from “business hours
In latest time, branding theory literature has focused on the customer– brand relationship, which is based on an image that suggests consumers form relationships with brands in the same way they form relations in a social context (Fournier, 1998; Parvatiyar and Sheth, 2001; McAlexander et al, 2002). The concept is complex in nature and reflects affective and socio-emotional attachments, behavior ties and supportive cognitive beliefs
People seek to establish their place or position in the social hierarchy by using brands as instruments of status signalling. As such, consumers often choose to buy products that they believe reflect certain qualities with which they would like to be associated, and that are aligned with an identity to which they aspire.
All humans are exposed to branding and marketing on a daily basis. Commercials, internet ads, t-shirts, television shows. In today’s fast moving society, we’re constantly bombarded by the marketing and branding practices of businesses. As a new business owner, it can be daunting to step from being the observer to a creator of marketing and branding.