Академический Документы
Профессиональный Документы
Культура Документы
BRAND EQUITY
MEASUREMENT SYSTEM
BY
Krishna Kumar Jaisawal
MBA IB, Roll no.- 11
Introduction
Marketers need to construct detailed
mental maps of consumers.
This is to understand what exists in
their minds concerning brands Thoughts
Feelings
Perceptions
Images
Beliefs
Attitudes
Introduction
As a result, many large companies conduct
exhaustive research studies to learn as
much as possible about consumers.
It is very important for the Brand Manager
to understand what customers Know,
Think and Feel about various brands.
It involves measuring sources of Customer
Based Brand Equity. This involves
measuring
Brand Awareness and
Brand Image
Quantitative Techniques
Comparative Methods
Qualitative Research
Techniques
Qualitative Research Techniques are
relatively unstructured measurement
approaches whereby a range of
possible consumer responses is
permitted.
Qualitative Research
Techniques
The various qualitative research
Techniques are:
1. Free Association
2. Projective Techniques
3. Experimental Methods
Qualitative Research
Techniques
1. Free Association
Qualitative Research
Techniques
2. Projective Techniques
Qualitative Research
Techniques
2. Projective Techniques
Qualitative Research
Techniques
3. Experimental Methods
Quantitative Research
Techniques
Quantitative research typically
employs various types of scale
questions so that numerical
representations and summaries can
be made.
Quantitative Research
Techniques
The Quantitative Techniques
involves the measurement of the
following:
1. Brand Awareness
2. Brand Image
Quantitative Research
Techniques
1. Brand Awareness
Quantitative Research
Techniques
1. Brand Awareness
Brand Recall: Brand recall relates to the
consumers ability to identify the brand
under a variety if circumstances..
With brand recall, consumers must
retrieve the actual brand element from
memory with some relative probe or cue.
Measures of Brand Recall:
a. Unaided Recall
b. Aided Recall
Quantitative Research
Techniques
1. Brand Awareness
Brand Recall: Brand Recall can provide
some insight into category structure and
brand positioning in consumers mind.
The category structure that exists in
consumers minds- as reflected by brand
recall performance- can have profound
implications for consumers choice and
,marketing strategy.
Quantitative Research
Techniques
2. Brand Image
Quantitative Research
Techniques
2. Brand Image
Quantitative Research
Techniques
Multidimensional Scaling (MDS):
It is a procedure to determine the
perceived relative images of a set of
objects, such as products or brands.
MDS transforms consumer judgments of
similarity or preference into distances
represented in perceptual space.
Respondents can base their similarity
between brands on any basis- tangible or
intangible.
Quantitative Research
Techniques
Brand Response
The purpose of measuring the higher level
considerations is to find out how
consumers combine all of the specific,
lower-level considerations about the
brand in their minds to form different
types of brand responses and evaluations.
Purchase Intentions: Another measure
related to brand attitudes and considerations
is Purchase Intentions.
Quantitative Research
Techniques
Brand Relationships:
It can be characterized in terms of brand
resonance and offered possible measures
or each of the four key dimensions:
Behavioral Loyalty
Attitudinal Attachment
Sense of Community
Active Engagement.
Behavioral Loyalty
Brand Substitutability
Comparative Methods
Comparative Methods
There are two types of comparative
methods:
Brand-based comparative approaches
Comparative Methods
Brand-based comparative approaches:
Consumers may interpret the marketing activity
of a product with a general product category
knowledge.
It is very important to examine how the
consumers evaluate a proposed new campaign.
Brand-based comparative approaches help in
understanding the brand purchase or
consumption research for a new or existing
products, as long as the brand identification can
be hidden in some way for unbranded control
group.
Comparative Methods
Marketing-based Comparative
Approaches:
Marketing-based comparative approaches
hold the brand fixed and examine consumer
response based on changes in the marketing
program.
It can be applied in other ways by assessing
consumer response to different;
Advertising Strategies
Executions
Or media plans
Comparative Methods
Marketing-based Comparative
Approaches:
This is further sub divided into 2
methods:
Conjoint Analysis
Holistic Methods
Comparative Methods
Marketing-based Comparative
Approaches:
Conjoint Analysis:
It is a survey based multivariate technique that
enables to profile the consumer decision process.
Consumer preferences to specifically designed
product profiles are obtained.
The profiles are made up of set of attributes as
statistically derived by the conjoint formula, called
part value.
Comparative Methods
Marketing-based Comparative
Approaches:
Holistic Methods:
It places an overall value on the brand.
It attempts to net out various considerations to
determine the unique contribution of the brand.
Residual Approach- it examines the brand
value by subtracting consumers brand
preference (based on physical attributes) from
their overall brand preferences.
Valuation Approach- places a financial value
on the brand equity for accounting purposes,
mergers and acquisitions etc.