Literature review on consumer behaviour and branding

Creating Customer Experiences 15 Credits Over the past three decades, customers have gained centre stage in marketing education and practice. Establishing close and intimate relationships with customers is considered to be key to marketing success, and customer equity has become an important marketing performance indicator.

Literature review on consumer behaviour and branding

Luxury brands are conceptually different and require a specific approach to brand management. This article offers a framework to guide you through the design of building a luxury experience.

We are living the experience economy. Experiences engage customers and in creating memorable events connect them emotionally to the company or the brand. We developed a framework that can help managers design a luxury experience.

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Although high-end brands would benefit the most from applying the principles of the framework, virtually any brand can apply at least some of the principles to offer a differentiated customer experience and strengthen its brand.

Experience Design and Luxury Experience Experiences occur when customers interact with one or more elements of the brand context and, as a result, extract sensations, emotions, or cognitions that will connect them to the brand in a personal, memorable way.

However, customer experience is holistic. We agree with the perspective that luxury brands are conceptually distinct from brands with extreme levels of premiumness.

Another condition for a brand to become a luxury brand is excellence in experience. Consider, for example, the brand Azzaro apparel and perfumewhich was at its peak in the s—s.

Today this brand has lost much of its luxury appeal despite owning legitimacy in luxury. Unlike mass brands, luxury brands should not strive to please everyone, but should attract those customers whose beliefs are similar to theirs.

What is luxury experience? Conventional wisdom suggests that luxury experience is achieved by offering the highest quality in any of the elements that mass brands also offer.

For example, the product offered should be of exceptional quality.

Literature review on consumer behaviour and branding

The service added to the offering should be delivered impeccably. We believe this is not enough to design luxury experience. This is because we believe that luxury experience goes beyond extreme premiumness. The luxury industry is idiosyncratic. Luxury is more than the material offering even if the offering is a service.

Luxury is a differentiated offering that delivers symbolic and experiential value besides functionality. In luxury, passion and dreaming are as important as functionality. We learned through our research see the appendix on the web edition for our methods that to achieve excellence in luxury experience, a similar approach applies: Brands must go beyond what traditional branding frameworks recommend to create luxury experience.

Beyond brand values, beliefs Luxury brands should advocate beliefs to their customers. Beliefs go beyond brand values because beliefs are more specific though subjective and consequently more segmenting.

Louis Vuitton initially embarked on innovation by substituting round suitcases with rectangular, flat-bottom models that could be stacked. Ferrari believes in performance and, as a consequence, it rarely advertises; however, it invests significant amounts in Formula 1 events.

Premium brands can apply this principle to create a customer experience that resembles a luxury experience. For example, La Martina applies this principle by defining itself not as a fashion brand, but as a polo brand it sells apparel and accessories related to the polo lifestyle.

La Martina reinforces this belief in several touch-points, such as the atmosphere of its stores, the design of its clothes, and by being constantly present at polo events. Beyond a logo, a set of visual icons When consumers think of a true luxury brand, they likely think of a whole set of visual icons that can include monograms, brand symbols, logos, colors, patterns, images, or even concepts.

For example, leather goods from Bottega Veneta display no visible brand symbols, but many consumers recognize the weaved leather pattern for which the company is known.People worldwide are largely engaged and attached with the web technology and Social media platforms. By the same token, businesses start looking at such technologies as effective mechanisms to interact more with their customers.

CONSUMER BEHAVIOUR THEORIES 1. LITERATURE REVIEW Consumer Behaviour Christopher () studied the shopping habits of consumers to form an idea of whether or not the store concepts, product ranges and strategies of the companies are appropriate towards consumer requirements.

He believed that consumer behaviours are . 1. Introduction. In this review, the term eating behaviour has been used to encompass a range of variables (i.e., food intake, choice, preference, hedonic response [liking], acceptance [intake], willingness to taste, and neophobia).

Besides food intake, other measures provide insight into children's eating behaviour: Preference describes how a food is ranked in relation to other food items.

Published: Mon, 5 Dec In addition, it can be understood by the model of consumer decision making process (Figure xx) which consists of three key elements, there are external influence factors, consumer decision making process, and post-decision behaviour (Schiffman and .

Introduction. Individual decision-making about consumption has been the subject of many theories and approaches. In this paper, we are interested to propose some steps to include consumer decision making and behaviour in formal models, trying to do this in a . 1. Introduction. In this review, the term eating behaviour has been used to encompass a range of variables (i.e., food intake, choice, preference, hedonic response [liking], acceptance [intake], willingness to taste, and neophobia). Besides food intake, other measures provide insight into children's eating behaviour: Preference describes how a food is ranked in relation to other food items. Consumer behaviour is the study of individuals, groups, or organizations and all the activities associated with the purchase, use and disposal of goods and services, including the consumer's emotional, mental and behavioural responses that precede or follow these activities. Consumer behaviour emerged in the s and 50s as a distinct sub-discipline in the marketing timberdesignmag.com order to succeed.

0 Down votes, mark as not useful. Literature Review Godrej. Uploaded by Archana Kalaiselvan. Brand switching behavior of the consumer is whe re it had a specific brand in mind but it purchases another brand after entering the store. pure. Consumer behavior help s the marketer and the organizations to improve their marketing strategies accor dingly through understanding their buying behavior.

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