Applied marketing

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Development of a conceptual framework for brand loyalty: A Euro-Mediterranean perspective

Transcript of Applied marketing

Page 1: Applied marketing

Development of a conceptual framework for brand loyalty:A Euro-Mediterranean perspective

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Brand loyalty Misunderstood by marketers Attitudinal and behavioral aspect True loyalty and spurious loyalty Application of this concept in Euro

Mediterranean region

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Industry Relevance: - Targets Euro Mediterranean region- Establishes a link between consumers and

the factors contributing towards brand loyalty

Academic Relevance:- Attitude and behavioral components of brand

loyalty- Difference between true and spurious loyalty

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Secondary data: Extensive literature review- Most of the findings have been obtained from

the literature review.

Primary data: Limited primary research.- Types of consumers in the Euro

Mediterranean region.

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From Secondary data:- Loyalty vs. satisfaction- Repeated purchase does not necessarily

indicate brand loyalty- High involvement vs. low involvement- Both attitude and behavior have to be

favorable- Spurious loyalty –

inertia, monopoly, situational conditions; True loyalty- positive attitude

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Findings from primary research:- Luxury consumers- Aspirational group- Brand preferred more for emotional factor

rather than functional utility.

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Short term vs. long term Latent loyalty

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Most findings are from the secondary research

No mention of primary research tools Credibility? Target group

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Emerging economies Targeting Re-design the study by including more

primary research.

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