Professional Documents
Culture Documents
Behavior
MAR 3503
Xin He
BA-II 308N
407-823-1329
xhe@bus.ucf.edu
Physical objects
Social objects (person)
Marketing strategy
Intangible objects (ideology)
Brand Equity
Brand equity defined
What is brand equity? The value of the brand to the marketer
and to the consumer
Characteristics
Examples
Ao bi ei
i 1
ei = belief evaluation
Example:
Convenient location
(Very bad) 3 2 1 0 +1 +2 +3 (Very good)
Taste
(Very bad) 3 2 1 0 +1 +2 +3 (Very good)
Fat content
(Very bad) 3 2 1 0 +1 +2 +3 (Very good)
Good price
(Very bad) 3 2 1 0 +1 +2 +3 (Very good)
11
Belief
Evaluation
ei
Belief
Strength
bi
Scores
ei x bi
Atmosphere 2
Location
Taste
15
Fat Content -1
(7)
Price
21
3
Total
37
12
Belief
Evaluation
ei
Belief
Strength
bi
Scores
ei x bi
Atmosphere 2
Location
Taste
15
Fat Content -1
(7)
Price
15
3
Total
31
13
Attitude Change
Add new beliefs adding a dimension
Example: P&G added fluoride to Crest toothpaste
Example: Budweiser promoted freshness as an important attribute of a beer
14
Once again
What is an Attitude?
Attitude defined
Focus of attitude
Attitude specificity
Brand Equity
15
Once again
Attitude-Change Strategies
16