Impact of Brand Image On Consumer Behaviour
Impact of Brand Image On Consumer Behaviour
Impact of Brand Image On Consumer Behaviour
The key driver of brand equity is brand image, which refers to a consumer's overall view and sentiment about a
product.
Consumer behaviour is influenced by the brand. Marketers' primary goal in their marketing activities,
regardless of their companies' marketing strategies, is to influence consumers' perceptions and attitudes toward
a brand, establish the brand image in consumers' minds, and stimulate consumers' actual purchasing behaviour
of the brand, resulting in increased sales, increased market share, and increased brand equity.
Academics and practitioners are interested in brand equity, however there is currently no paradigm among
brand equity studies.
The majority of research look at brand equity from the consumer's or company's perspective. On the one hand,
some academics argue that brand equity is determined by consumers' subjective perceptions of the brand (e.g.,
attitude, assessment, contentment, etc.). Although brand features and traits will affect consumption decisions, it
is ultimately determined by customers' perceptions of the brand image. Despite changes in consumer lifestyles
and information processing, brand image continues to be the most influential element in purchasing decisions.
Some experts, on the other hand, believe that brand equity should be measured in terms of market share, market
value, and cash flow.
Furthermore, existing research considers both financial and non-financial performance as indicators of brand
equity. Non-financial performance refers to brand awareness, brand reputation, brand loyalty, and brand
association, while financial performance refers to brand premium and market share. This study examines the
relationship between brand image and brand equity by examining consumers' attitudes and purchase intentions,
following the brand equity analysis from the consumer's perspective and the non-financial performance's
perspective.
Literature Review
Brand
A brand is a symbol, word, design, or mix of these that is used to establish a picture in the minds of consumers
that identifies a product or service and distinguishes it from its competitors. A brand distinguishes a product
from similar products, allowing it to charge a higher price in exchange for a distinct identity and better trust in
its function. A brand is also more likely to survive than a product that is undifferentiated. A brand, like a
person, has an identity and personality, as well as a name, culture, vision, emotion, and intelligence. All of
these are granted by the brand's owner and must be reviewed on a regular basis to maintain the brand relevant
to the target market.
Branding
Branding is the process of giving a meaning to certain products by developing and shaping a brand in
consumers' thoughts. It is a collection of marketing and communication methods that assist a company
differentiate their products or services from competitors. It is a strategy used by businesses to help customers
immediately recognise their products and organisations, as well as giving them a reason to prefer their products
over those of competitors, by defining what this brand is and is not.
Brand Image
Customers' current perceptions of a brand are referred to as brand image. It can be characterised as a unique set
of associations that target buyers have in their heads. It expresses the current meaning of the brand. It's a set of
beliefs about a particular brand. In a nutshell, it is the consumer's perception of the product. It refers to how a
particular brand is positioned in the marketplace. Not only does a brand image transmit emotional value, but it
also conveys a conceptual image. The character of an organisation is defined by its brand image. It is the result
of outsiders' contact and observation of an organisation. It should make everyone aware of an organization's
mission and vision. The basic aspects of a positive brand image include a unique logo that reflects the
company's image, a tagline that briefly describes the company's operation, and a brand identifier that supports
the key values. The entire impression generated in the minds of consumers by all sources is referred to as brand
image. Consumers form a variety of connections with the brand. They create a brand image based on these
associations. On the basis of subjective judgments of associations bundles that consumers have about the brand,
an image of the brand is established.
Brand Equity
The effectiveness of these branding components is used to validate brand equity, which is the measurable sum
of a company's worth. Brand equity is a marketing approach for enhancing client happiness and loyalty, with
side consequences such as diminished price sensitivity, as marketplaces grow more dynamic and changeable. A
brand is essentially a promise to customers about what they may anticipate from their products, as well as the
emotional benefits they will receive. When a customer recognises a brand or prefers it over its competitors, the
company has achieved a high level of brand equity.
Brand Association
Brand associations refer to anything that comes to mind when you think about a specific brand. Benefits,
qualities, and attitudes are the three categories used by Kellar to classify it. Brand ties help to differentiate
evoked groupings of things and so provide a competitive advantage. Product features and customer benefits are
coupled to create a desire and reason for consumers to buy and consume the brand. The two concepts of brand
equity and brand association are inextricably linked. Brand association can be used to acquire information.
Highly effective brand associations act as leverage to boost the brand equity. Brand loyalty is increased by
effective and strong brand association, according to Aksoy et al. (2005). Some define brand associations as
"every single thing present in memory against the brand" and include all brand-related feelings, ideas,
perceptions, experiences, pictures, attitudes, and beliefs. There are two forms of brand associations: product
association and organisation affiliation. Product features include both functional and non-functional
characteristics.
Brand Loyalty
In brand equity consumer only make purchase to same brand regardless of the demonstrated benefits (including
quality, price, and ease of use). Customer loyalty means a brand has strong position in the market and the
chances of customers to switch in another brand become low and customers are willing to purchase the same
brand, they want to invest time and money in that brand. Studies highlight the fact customers purchase the same
brand continuously, it is not brand loyalty, they just do it because of their common habits, that don’t change or,
they are being attracted by sales pitch or any other promotional tool.
Brand Loyalty Pyramid is introduced, this brand loyalty pyramid represents major five brand loyalty stages.
The basic first stage defines customers aren’t questioning about brand loyalty. Switchers purchase the brand
that is in sale whether to look at brand name, suggested that best marketing strategy that increase brand
awareness. The Habitual buyers are following. Customers that purchase the specific brand habitually and don’t
want a need to change the specific brand. Highest level of the customers is satisfied and pleased buyers with
switching cost in this pyramid. Such customers are highly satisfied but only switched to another brand due to
more distance cost, additional cost and time wastage.
Customers prefer the brand which satisfy his need and wants. The most of the loyal customers are called the
committed buyers. The brand plays a vital role in their lives, and they don’t raise any question about switching
brand. Committed buyers purchases the brand because of close relationship between the brand and their
personal values. Hence best marketing strategy to retain these customers segment is that suggested by him is
loyalty program. This could efficiently be done by introducing loyalty points programs, loyalty cards program,
and etc.
Every company desires to have loyal customer base and retain them. Brand loyalty is thought as the most
important and vital asset for the company. Brand loyalty can help company in reducing marketing cost, as loyal
customer tends to repeat purchase of same brand and it cost less to the company than collecting the new
customers to purchase the same brand.
Conclusion
The link between brand image and consumer pleasure has been well investigated. However, the majority of
these studies took place in the service industry, such as hotels, supermarkets, and banks, among other places. It
needs to be seen whether the findings from the service industry can be applied to other industries (for example,
manufacturing, finance, real estate, and so on).
Furthermore, despite the fact that brand image has been shown to have a favourable impact on consumer
satisfaction and loyalty, there are modest differences between studies. Some research show that brand image
increases consumer loyalty not just directly, but also indirectly through various mediating mechanisms.
However, some research findings show that while brand image has no direct impact on consumer loyalty, it
does have an impact on customer satisfaction.
Bibliography
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