9 research outputs found
Do vegetarian marketing campaigns promote a vegan diet?
This paper examines whether vegetarian marketing campaigns promote a vegan diet. Our trivariate model of omnivorous, vegetarian, and vegan consumption is estimated using twenty years of UK data. For short-lived campaigns, we find no persistent effect, but observe a rise and fall in vegan numbers during adjustment. For long-running campaigns, we find that for every person who adopts a vegetarian diet in such a campaign, around 0.34 people adopt a vegan diet. In a campaign to market veganism, for every new vegan there are between 0.5 and 0.77 new vegetarians
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Eat or Be Eaten: A Look at Cultural Equity in Small Business Success by College Campuses
"What operations, tactics, and strategies that successful small businesses perform produce the most effective and persistent Cultural Equity among new cycles of student populations?"
In this paper I will focus on retail and restaurant locations from the intersection of MLK Boulevard and Guadalupe Street to the intersection of Rio Grande Street and 29th Street. For small businesses, this operating environment has immense foot traffic from the 50,000+ students on UT Austin’s campus. Students spend only a few years on campus and then move away, so businesses are presented with a unique challenge of customer churn. Assuming that small businesses do not benefit from pre-existing brand awareness and customer interest that larger chains do among new student populations, word of mouth marketing comes at a premium, minimizing the cost of customer acquisition. Through survey analyses I have found that firms that have survived for a lengthy period in this environment tend to have some measure of Cultural Equity. Here, Cultural Equity for a small business is defined as a composite score of brand awareness percentage, net promoter score, and the likelihood that a customer would take an out-of-town friend to a business’ location. Cultural Equity represents the degree to which a small business is known, recommended by customers, and is shared with out-of-town friends; it is a measure of word of mouth marketing and customer advocacy. In this paper, I focus on understanding how a firm might cultivate Cultural Equity.Managemen
Medição do brand equity, no sector automóvel : estratégias para aumentar o brand equity da Cardan
O mercado do sector automóvel é bastante concorrencial e, por isso, a Cardan sentiu necessidade de sobressair da concorrência e aumentar a sua notoriedade junto do seu público-alvo, de forma a gerar novas oportunidades de negócio.
Assim, o presente relatório de estágio surgiu com o objectivo de medir o brand equity actual da Cardan e, consequentemente desenvolver estratégias que permitam aumentar o seu brand equity. Neste sentido, foram definidas as seguintes questões de investigação:
Qual o brand equity actual da Cardan?
Quais as estratégias que a Cardan deve adoptar para aumentar o seu brand equity?
Neste sentido, foi realizada uma revisão da literatura que resultou de uma pesquisa aprofundada sobre a temática do brand equity, mais especificamente, o consumer-based brand equity. Neste conceito, foi prestada especial atenção ao autor Aaker (1991) e às suas abordagens e dimensões, como a notoriedade da marca, as associações à marca, a lealdade à marca e a qualidade percebida.
Uma vez que a Cardan considera que o conhecimento que as empresas têm sobre a marca na mente dos consumidores é um dos activos mais valiosos de uma empresa, através da revisão da literatura, foram identificadas métricas que permitem medir esse conhecimento.
Neste sentido, foi realizado um estudo de mercado, tendo como base as métricas identificadas, com o objectivo de compreender qual o brand equity actual da Cardan. Depois da análise dos resultados do estudo, foram identificadas as dimensões com maior necessidade de serem trabalhadas.
A revisão da literatura permitiu também identificar várias estratégias de marketing para aumentar o brand equity das marcas, que serviram de base para o desenvolvimento de recomendações sugeridas à Cardan.Nowadays, cars market is very competitive and, therefore, Cardan felt the need to stand out from the competition and increase your reputation with your target audience in order to generate new business opportunities.
Thus, this document is the report of the stage with the aim of measuring the current of the Cardan brand equity and, consequently, develop strategies to increase its brand equity. In this sense, the research questions were defined:
• What is the current brand equity of Cardan?
• What strategies Cardan should be taken to increase its brand equity?
In this sense, a literature review that resulted from a thorough research on the subject of brand equity was held, more specifically, the consumer-based brand equity. In this concept, special attention was given to the author Aaker (1991) and its approaches and dimensions, such as brand awareness, brand associations, brand loyalty and perceived quality.
Since Cardan considers that knowledge that companies have on the brand in the minds of consumers is one of the most valuable assets of a company. Through the literature review, metrics were identified for measuring this knowledge.
Also through the literature review identified various marketing strategies to increase the brand equity of the brands, has been identified as the basis for the development of recommendations suggested to Cardan
The effect of international franchising on domestic firms in emerging countries
Franchising has become one of the most applied business strategies for international
expansion, as it provides economies of scale and flexibility to global operations. It usually
offers the benefits of strong brand name, business know-how and experience that give
businesses a competitive edge in overseas markets. The growth of franchising model
globally and its impact on host-country firms is most noticeable in developing economies,
as it forces local firms to evolve and adopt new practices to defend their market positions.
This thesis, therefore, aims to examine the effect of international franchising on emerging
market firms and the different ways to achieve a competitive advantage in developing
economies by identifying resources, capabilities and strategies of both franchisees and local
businesses.
To address the objective of this thesis, an exploratory, qualitative case study is conducted by
employing semi-structured interviews with 14 case companies in Ukraine and Georgia,
which helps the researcher to answer the study questions and understand the experiences and
perceptions of the participants. The collected data is analysed with the use of thematic
analysis and fuzzy set of qualitative comparative analysis (fsQCA) to gain an in-depth
knowledge of the research phenomenon and to enhance the credibility of the results.
The findings of this study stress the importance of marketing activities, customer service
development, localisation, pricing strategy and financial resources as the key conditions for
businesses to gain success in developing economies. However, the analysis reveals that there
are huge differences between the resources, capabilities and practices of international
franchisees and emerging-market firms. Franchisees of well-established franchisors benefit
from business knowledge, training support and worldwide experience but follow a rigid and
formalised structure that gives them less flexibility. On the other hand, developing-country
firms have the local market knowledge, autonomy, and the capacity to learn indirectly from
competitors, but lack resources and technological capabilities. This thesis, therefore,
suggests alternative paths and effective solutions to both to drive firm’s competitiveness
when particular resources and/or capabilities are present or absent.
There are several contributions made to knowledge by this thesis. The new theoretical
insights are developed through identifying the most significant drivers of competitive
advantage and suggesting different configurational frameworks. The results also present
practical implications by providing managerially amendable options to deal with intense
competition within the food industry in emerging economies. Finally, the methodological
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contribution of this thesis lies in the application of fsQCA that allows researchers to see
qualitative results transferred into quantitative findings with a clear and transparent way,
thus, it would be beneficial not only for qualitative researchers but for scholars who follow
quantitative approach
Building Brand Awareness in Dynamic Oligopoly Markets
Companies spend hundreds of millions of dollars annually on advertising to build and maintain awareness for their brands in competitive markets. However, awareness formation models in the marketing literature ignore the role of competition. Consequently, we lack both the empirical knowledge and normative understanding of building brand awareness in dynamic oligopoly markets. To address this gap, we propose an N-brand awareness formation model, design an extended Kalman filter to estimate the proposed model using market data for five car brands over time, and derive the optimal closed-loop Nash equilibrium strategies for every brand. The empirical results furnish strong support for the proposed model in terms of both goodness-of-fit in the estimation sample and cross-validation in the out-of-sample data. In addition, the estimation method offers managers a systematic way to estimate ad effectiveness and forecast awareness levels for their particular brands as well as competitors' brands. Finally, the normative analysis reveals an inverse allocation principle that suggests--contrary to the proportional-to-sales or competitive parity heuristics--that large (small) brands should invest in advertising proportionally less (more) than small (large) brands.marketing, competitive strategy, advertising and media, nonlinear Kalman filter, dynamic games