The names of the products become brands when they are globally recognized by the people. When these names become brands, they also obtain the responsibility of commitment towards their customers and also the channel partners or intermediaries. A product is not a brand but a brand is something more than a product. Brand value helps in delivering or communicating specific message to the customers (Parameswaran 3). The message that the brand conveys to its target customers, helps to decide the type of strategies that the firm would form to retain its brand value. Marketing strategies are developed for protecting and further enhancing the brand value of the products. Brand value also helps in measuring the value that is generated from the marketing investments. If brand value is monitored regularly then it also enables the marketing agency and the client to react to the market fluctuations promptly and also assign particular resources for taking measures in those areas (Ahmad 81). The study aims at focusing on the oil and gas industry of UAE to discuss the different dimensions of brand value, its effects on the perception of the people and the business. It was oil that transformed UAE from an underdeveloped desert region to a prosperous and rich country. On one side this is positive aspect of UAE because oil and gas resource has changed the standard of living of the people. This suggests that the value of the oil and gas industry as a brand has increased with time. On the other hand, the recent oil spill incidence of British Petroleum in the Gulf of Mexico had adversely affected the brand image of the oil and gas industry globally. The developing countries around the world had held the company British Petroleum responsible for poor safety and maintenance framework. After this incident British Petroleum lost about $32 billion in a span of two weeks. Though British Petroleum assured that it would bear all the oil spill cleaning cost and compensate the people who were affected from this oil spill, but the loss was massive and it was really difficult for the company to recover its lost brand image and value even if it compensate the people for their losses. Many companies in this sector are facing branding issues due to various factors, such as entry of new labels or brands, fragmentation of the target customers, cut throat competition, economic condition and expectation from the financial market or customers’ preferences towards the visible brand names. It has been seen that many strong brands in this sector are losing their value and their financial performance is also getting affected. The major plays in the oil and gas industry around the world, such as Shell, British Petroleum, ExxonMobil, etc are using narrow approach as a method for branding as it is becoming difficult to companies to maintain their position and their well established brand value. This also reflects that in this industry,
Brand value and its effect on public perception and to a business Table of Contents Chapter 1 4 1.1Introduction 4 1.2 Problem Areas 8 1.3 Rational of the Study 8 1.4 Problem Statement 9 1.5 Research Question 9 1.6 Research Objective 10 Chapter 2 10 2.1 Literature Review 10 2.1.1 The Concepts of Brand Value and Brand Equity 10 2.1.2 Building Better Corporate Image in Oil and Gas Industry 12 2.1.3 Brand Value Creation 14 2.1.4 Public Perception for Brand Value 14 2.1.5 The Customers Value Relation Process 15 Chapter 3 16 3.1 Research Methodology 16 3.1.1 Sources of Data Collection 17 3.1.2 Type of Research Methodology 18 3.1.3 Research Method Choice 19 3.1.4 Validity and Reliability 20 Chapter …
This paper presents brief report of Kraft Foods Inc. and its history starting from late 1890s till now. The paper demonstrates governance structure of Kraft Foods Inc: board of directors, top management and shareholders, corporate social responsibility of the company and its macroenvironment: sociocultural factors; technological factors; political and legal factors and economic factors.
The concept of corporate social responsibility (CSR) has been conceptualized already as early as the 1930’s (Carroll, 1979; Hemingway, 2002). Scholars and practitioners had discussed the importance of corporations responding to social demands. However, it was in the last three decades that extensive discussions and elucidations pertinent to CSR have been undertaken (Dahlsrud, 2008).
Word of Mouth 30 VIII. Viral Marketing in Czech Republic 38 IX. Conclusions 43 X. Bibliography 45 Abstract Viral marketing is defined as any technique that persuades people to communicate a marketing material or message to other people, generating the possibility of exponential increase in the exposure and effect of the message.
However the modern conceptualization of the business organization as a socially responsible outfit has gone so far as to create a different image. Fast food franchises operate in a highly competitive environment local fast food outlets claiming to sell identical products compete against them.
39). One cannot help but wonder whether the fact of significant feminine presence gravely affected the overall dispositions of these periods.
It will be wrong to assume that women today are already in that place where she can say that she has
es in retail establishments are found to have direct influence on the mental and physical well being of the occupants as well as the clients (Hiserdot, 2002). Furthermore, the emergence of technology and its increasing integration in business operations has successfully brought
Also it would require an in-depth study on the existing theoretical and conceptual frameworks of analysis for a more complete assessment of the related dynamics and outcomes (Noe, 2004). Within the new organizational context training needs as
wever, a marketer needs to consider a number of factors and put in place series of actions to ensure that consumers have preference for the type of product they are trading in (Gardner, 2009). One of the best ways a marketer can ensure that the product they put before consumers
As the societies are digitally involved in these changes, organizations followed their audience influenced by the new enterprises and new mediums. This required a new approach to being connected to their audiences: Organizations went digital.
Digital Marketing has therefore
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