Wednesday, May 6, 2020

Consumers Perception of a Brand Image Incredibly Relevant

CHANGE THEIR PERCEPTION Consumer’s perception of a brand image such as Microsoft is incredibly relevant in terms of a positive perception on a brand leads on to a positive perception of a product and therefore, Microsoft can successful market to students. Currently consumers’ main perception on Windows 8 directly correlates to their perception on Microsoft, and at the moment it is not as strong as their competitors’ brand perception and culture. Microsoft has to successfully alter their perception to not only be a positive perception, but a perception of Microsoft that is superior to competitors such as Apple and Google. Microsoft has to convince consumers that the switching costs, (discussed by Burnham, Frels and Mahajan (2003)) of†¦show more content†¦Students have the need to blend in and stand out at the same time, they want to be fashion forward and knowledgeable it is up to Microsoft to persuade their target market that Microsoft is modern and fashion forward. Engaging generation Y will increase a consumer’s perception regarding Windows 8 and can make it feel personally relevant to them. MOTIVATION IS KEY In order to successfully market Windows 8, Microsoft has to motivate students to make the effort to be interested in Microsoft. Lyengar and Lepper (2000) point out that a lack of motivation can cause consumers to either defer the decision, search for alternatives, choose a default option or simply opt not to choose. All of these options do not favour Microsoft in any way. Deferring the decision or not making the decision at all reduces Microsoft’s presence and exposure to the market because this means that consumers are not willing to go that extra step to research Microsoft. Microsoft also does not want consumers to opt for the default option, due to Apple’s immense brand image and popularity, especially to students Apple has become the protypical brand leader which only diminishes Microsoft’s perception with consumers. Motivation is highly affected from external competitors such as Apple’s iOS and Google’s Android operating systems. Microsoft should aim to create motivation for students and young consumers to become interested in Windows 8 via university events. The open days areShow MoreRelatedAtmospheric Cues in Retail Stores7493 Words   |  30 Pagesï » ¿ Atmospheric Cues in Retail Stores: Their Effect on the Consumer’s Hedonic Retail Experience Introduction Retailers are finding it more and more difficult to differentiate themselves from their competition, specifically based on the four Ps of marketing; product, place, price and promotion. They have been forced to inquire about diverse and distinctive atmospheric cues, in order to attract and maintain customers and their loyalty. According to (Morrison, 2001), elements suchRead MoreRed Bull - the Anti-Brand Brand6119 Words   |  25 PagesMarketing Communication: Research and Planning Spring exam 2012 Red Bull – The Anti-brand brand Question 1: Red Bull was launched in Austria in 1987, and in the 25 years that has passed since then, many things have happened that could and should affect the way Red Bull markets and brands its product as opposed to how it was done in the years after the launch. All though Red Bull was launched in 1987, it was not until 1992 that the company began expanding its distribution – first to otherRead MoreThe Importance of Marketing to Organisations in the Twenty-First Century4310 Words   |  18 Pagesnecessary resources to obtain their wants. The second concept, ‘marketing offers’ are the value propositions companies offer ‘to satisfy human needs or demands’. The third concept of ‘value and satisfaction’ looks at how the product has satisfied consumer’s needs and it has met their expectations. This all leads to the fourth and fifth concept of ‘exchange, transactions and relationships’ leading to ‘markets’ where actual and potential buyers of the product, who have similar needs and wants meet. Read MoreGlobal Plan Qb House- Expansion to the United States of America8044 Words   |  33 PagesJust as they are in Japan, QB House’ stores should be located in airpor ts, railroad stations, and in corporate buildings; deliberately placed next to public lavatories in densely populated areas. All of this is to increase public demand and create brand awareness. Analyzing International Competitors The QB House falls into the Consumer Discretionary Industry of the United States economy. Using the traditional ten industries and twenty-four industry groups that comprise the Standard and Poor’sRead MoreMarketing Management 14th Edition Test Bank Kotler Test Bank173911 Words   |  696 Pagesdisintermediation D) cross-selling E) customization Answer: A Page Ref: 10 Objective: 3 Difficulty: Moderate 29) Companies address needs by putting forth a ________, a set of benefits that they offer to customers to satisfy their needs. A) brand B) value proposition C) deal D) marketing plan E) demand Answer: B Page Ref: 10 Objective: 3 Difficulty: Moderate 30) During market segmentation analysis, the marketer identifies which segments present the greatest opportunity. These segmentsRead Moremkt311 tb chap13 Essay34179 Words   |  137 PagesTrue  Ã‚  Ã‚  Ã‚  False    2. The key to successful pricing is to match the product with the consumers perception of value.      True  Ã‚  Ã‚  Ã‚  False    3. Price is the only part of the marketing mix that does not generate costs.      True  Ã‚  Ã‚  Ã‚  False    4. If Brandon buys hats for his store for $5 each and sells them for $15 each, he is using a keystoning pricing strategy.      True  Ã‚  Ã‚  Ã‚  False    5. Rarely is the lowest-price product offering the dominant brand in a given market.      True  Ã‚  Ã‚  Ã‚  False    6. A demand curve shows the relationshipRead MoreIkea Case Study on Marketing22843 Words   |  92 Pagesmarkets by usage of the marketing mix theory. As the underlying of the PEST analysis was already investigated the authors were more likely to understand why company did or did not differentiation in each of marketing mix actions. To support their perception of understanding different socio-cultural aspects they used for example the Hofstede theory. On the end the theory of standardization and differentiation theory were used to see the company’s intentions of developing its strategy on French and ChineseRead MoreOutback Steakhouse Case Analysis Essay examples30195 Words   |  121 PagesRevise menu selections to include healthier choices and supply fat and calorie content upon request 18. Expand marketing department tasks to study growth strategies in foreign markets. 19. Best fit foreign locations with existing brands 20. Choose foreign restaurant brands to acquire or partner with 21. Build, staff, open and promote new locations. 22. Measure results and apply corrective action where needed II. Current Situation Mission Criteria What is our business? Who are our customers Read MoreAirheads Business Analysis Essay34215 Words   |  137 PagesFlight† Promotion 84 Implementation 85 Financial Justification 86 Exhibit 23: Breakeven analysis amp; Timeline 87 Recommendation #3: Develop Brand awareness 88 Marketing Coordinator 88 Exhibit 24: Marketing Coordinator Salary amp; Financial Justification 89 Brand Awareness Implementation 90 Exhibit 25: Monster.com Cost 91 Exhibit 26: Careerbuilder Cost amp; TimeLine 92 Sponsorship amp; Little League 93 ExhibitRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesbe more pervasive. Still, I think you will find the following classification of cases by subject matter to be helpful. I thank those of you who made this and other suggestions. Classification of Cases by Major Marketing Topics Topics Most Relevant Cases Marketing Research and Consumer Analysis Coca-Cola, Disney, McDonald’s, Google, Starbucks Product Starbucks, Nike, Coke/Pepsi, McDonald’s, Maytag, Dell, Hewlett-Packard, Newell Rubbermaid, DaimlerChrysler, Kmart/Sears, Harley-Davidson

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.