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How personality affects consumer behavior
Theories of brand personality
How personality affects consumer behavior
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Julian Metcalfe and Sinclair Beecham founded the UK-based gourmet sandwich chain Pret A Manger (Pret) in 1986. The company, which now has grown to 290 shops, with 240 in the UK and the rest in the US and Hong Kong, has gained a strong customer-base due to its reputation as an upscale retailer of healthy, fresh and natural pret a manger (ready to eat) sandwiches and hot food (Datamonitor 2008). Each shop runs its own kitchen and there are no ‘Sell-by’ dates as sandwiches and salads are prepared fresh, with any unsold at the end of the day going to homelessness charities and shelters rather than being kept over to the following day (Pret A Manger, 2014). For the purpose of this paper, the key practices identified as fundamental for success are …show more content…
This is supported in (Dibb S, 1998) where it is stated that correct segmentation lead to a better understanding of customers’ needs and wants and allowing greater responsiveness in terms of the product on offer. It is Pret a Manger’s responsiveness to trends and in launching attractive healthy offerings that truly solidifies the brand as the natural choice for the busy city worker (Superbrands, 2012). With its French name and comparatively exciting menu, an appealing aura of exclusivity is created to the customers. As opposed to offering ham and tomato sandwiches like the competition, Pret a Manger offers Brie, tomato and basil baguettes. Such products are delivered through an internal commitment to sophisticated service that customers experience by the high service speed (The Telegraph, 2012). Developing the range to include food such as sushi, soups and porridge, the Pret brand is known for effectively following changing tastes, which is key for their well-informed and diverse segment. Pret a Manger’s commitment to fresh, sustainable food, free of additives, began before these qualities became buzzwords in society, and therefore the brand is directly linked to being one of the first “ambassadors” of these …show more content…
The money raised provides support for homelessness projects across the UK for example. As suggested in (Arora and Stoner, 2009), marketing studies demonstrate that consumers choose the brand that they feel best echo their own personality and personal beliefs. A brand that is consistent with the target customer self-concept is preferred. Furthermore, the studies indicated that; “brand personality provides a form of identity for consumers that expresses symbolic meaning for themselves and others. Therefore, it is reasonable to argue that Pret’s brand personality seek to maintain customer’s wants as they deliver what they promise in turns of product quality, and also by giving back to society. Looking at (Aaker J, 1997) and considering the “five dimensions of brand personality” in Appendix 1, Pret a Manger success derives from a position where the customer perceives both sophistication and
Stephen Boos has worked in the food service industry for over 30 years. He started as a bus person and subsequently trained as a chef’s apprentice. Steve’s mother believed that a college education was something that everyone should receive. She felt that a college degree was a good investment in Steve’s future. In 1976 at his mother’s insistence, Boos moved to Northeastern Ohio to attend Kent State University where he earned a bachelor’s degree in business administration. After graduation, Steve began working for East Park Restaurant as a line cook. Using his education as a foundation, Steve made a point to learn everything he could about running a restaurant, from cutting meat to the bi-weekly food and beverage orders. His versatility, keen business sense, and ability to control costs resulted in Steve’s promotion to General Manager, as role he has held since 1995.
The article discusses how Panera Bread had to rethink its service model seven years ago. Customers had to wait in line approximately eight minutes to place an order. Furthermore, ten percent of the time, the orders were incorrect. As a result, the company decided that online ordering was the solution to their problem. In 2012, the organization opened a Panera prototype in Braintree, Massachusetts to test the elements of “Panera 2.0”. “Panera 2.0” consisted of self-order kiosks, delivery, digital ordering and a new practice of bringing food to customers’ tables. Getting the right process took Panera Bread over six years. However, all the time spent and money invested paid off for the company. Panera is now recognized as one of the best-performing chains in the industry. In addition, a quarter of the company sales come from online ordering and customers waiting time to place an order reduced to one minute. In 2016, the company posted its best sales growth in four years, outperforming the industry average by 6.5% points.
The P-O-L-C framework, has been a reoccurring topic in these case studies and has been used to describe management processes throughout the book. P-O-L-C stands for, planning, organizing, leading and controlling, which is an exceptional framework for companies to establish themselves and keep them afloat. The discussion in this case, Pret A Manger, involves the teamwork that Pret builds itself on. In 1986, Pret A Manger started planning their company with a vision and mission to provide healthy, inexpensive food while avoiding preservatives and chemicals, as well as establishing a well-oiled team structure. In the organizing section of the framework, Pret designed its company to be able to provide for their customers for a low price, but
What’s the difference between a Walmart and a farmers’ market? What causes these differences? And, what are we more partial to? Tracie McMillan delves into the intricacies and complications of our nation’s food industry in The American Way of Eating. Specifically, as McMillan integrates herself into the farming and grocer/selling aspect of the industry, it is evident the food system has been extremely successful in offering ‘abundance, accessibility, and affordability’ to its consumers.
The main challenge is to determine how Panera Bread can continue to achieve high growth rates in the future. Panera Bread is operating in an extremely high competitive restaurant market which forces the company to improve and to grow steadily for staying profitable. The company’s mission statement of putting “a loaf of bread in every arm” is just underlying Panera’s commitment for growing. They are now in a good financial situation and facing growth rates of up to 20% per year in a niche market that has a great growth potential. In the next 7 years the fast-casual market is expected to grow by 500% in sales to a total of $30 billion.
This case study will address many issues facing Wawa in an attempt to make the store better able to meet and surpass consumer expectations. The first problem is the biggest problem that faces any retail business, shrinkage. Wawa food department receives food and then sells it. Because of universal food handling regulations as well as a commitment to consumer safety, Wawa will not sell any products that are out of code meaning past its expiration date and time. Any food that is out of code and thrown away is at a cost. Different products have vastly different profit ratios.
In relation to this case, Target Corporation depicts a brand personality among its target audience. Target Corp. is considered as the retail store that caters to the younger and more educated and well-off clientele as to compare with its rival. In a survey conducted, Target Corp. shoppers fall on a 46 years old age median, mostly female, have children at home, and attended or completed college (Target Corporate Facts, 2006). Thus, the target market is perceived to be sophisticated. However, with the corporate values the corporation applies, the brand personality serves as one of its distinguishing pro.
The ethnographic study took place at McDonalds’ shop, Leeds, local market in the afternoon of Monday, 17th January 2011. From away I could observe the huge logo of McDonalds. I stood at the entrance and stared at the shop for few seconds. The shop was far more elegant than the average McDonald’s. The interior has a minimal style with posh chairs, tables, black art deco fixtures, beautiful paintings and attractive lights and draperies. There were large windows so it was impossible for customers to see into the Harvey Nichols store. Also, outside were window boxed filled with flowers or greenery. I could hear some relaxing music. At first glance, I noticed that customers were people with different age groups, genders, ethnic classes, social classes and cultural backgrounds. The language which was more spoken was English. [Without thinking, I was moving towards the counter, I faced] the girl behind the counter [; she] was wearing a red t-shirt with a cap and a hut. She seemed to be in a rush to handle the orders. Despite that, she was friendly and with a smile on the face to welcome the customers. The most co...
Panera seems poised to continue to dominate the bakery-café market and continued sustainable growth is very likely. Works Cited The “Annual Report” (2010). Retrieved from http://www.panerabread.com/pdf/10k-2010.pdf “Company Overview.” (2011). Retrieved from http://www.panerabread.com/about/company/ “News Release.”
Marks & Spencer is one of the UK's foremost retailers of clothing, foods, homeware and financial services, boasting a weekly customer base of 10 million in over 300 UK stores. Marks & Spencer operate in 30 countries worldwide, and has a group turnover in excess of £8 billion. It has specific values, missions and visions. It’s main vision is ‘to be the standard against which all others are measured’, it’s main mission is ‘to make aspirational quality accessible to all’, and it’s main values are quality, service, innovation and trust. (www.marksandspencer.co.uk).
Subway is an American fast food restaurant franchise founded by Fred DeLuca and Peter Buck in 1965. Throughout the years, the company has gained substantial amount of growth in franchises and has become one of the largest single-brand restaurant chain in the world. Subway continues to display fierce commitment to provide a wide range of taste, healthier food choices while considering environmental footprint and creating a positive influence in the communities they serve. The objective of this report is to investigate and identify how Subway competes in the market through identifying the main performance objectives and examining the measures implemented within the operation, in order to maintain their desired level of performance. It will explore
One of the original owners, Julian Metcalfe states that, “When Pret started there was nothing else. So with Pret it was about preservative-free food. It was about how can we make food every day and get rid of it every night.” With companies like like Panera Bread, Cosi, Chipotle and Au Bon Pain they now have direct competition. Pret than differentiate itself using top notch customer service techniques.
Marketing professionals create, manage and/or enhance brands in order to create or bolster demand for the product. A successful marketing plan will help assure that consumers look beyond just the price or function of a product when making a purchasing decision, in part, a well planned marketing effort will create a “feel good” association about the product the consumer is about to purchase (Petty) A key part of a career in marketing is to understand the needs, preferences, and constraints that define the target group of consumers or the market niche corresponding to the brand. This is done by market research. This is accomplished through market research, essentially using survey techniques, statistics, psychology and social understanding to help gather information on what consumers want and/or need, and then designing products, or services, to hopefully meet ...
For instance, the rising trend in the consumption of healthy food is a differentiating element in devising marketing strategy in the grocery segment (Voberda et al. 2011). The notion of ‘low price is cheap quality’ has been efficiently dismantled by Aldi. More importantly, the rise of Aldi in the UK market reveals that customers look for precise choices.
Rousseau, G.G. & Du Plessis, P.J. 2007. Personality and psychographics. (In Hughes, T., ed. Buyer behaviour: understanding consumer psychology and marketing. 4th ed. South Africa: Oxford university Press. p. 215-255).