• 제목/요약/키워드: Sales strategy

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Luxury Brand Equity in Online Channel: The Moderating Effect of Brand Trust

  • Hyun, Hyowon;Park, JungKun;Yoo, Weon Sang
    • Asia Marketing Journal
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    • 제21권2호
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    • pp.99-115
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    • 2019
  • Branding strategy is important in the hyper-competitive luxury industry. In digitalized market environments, it is critical for luxury brands to transfer their established brand equity from the offline market to the online market. The purpose of this study is to examine the causal relationships between offline brand equity (i.e., brand awareness, brand image, and perceived quality)toward online consumer responses, including satisfaction and loyalty, in the context of luxury brands. In addition, this study investigates the moderating effects of offline brand trust on the relationship between offline brand equity and online satisfaction and loyalty. Data was collected via online surveys. For empirical validation of the proposed hypotheses, a structural equation modeling technique was employed. The results show that offline luxury brand awareness, brand image, and perceived quality have a positive effect on consumers' online satisfaction. Also, offline brand image has a positive effect on online consumer loyalty. The results indicate that there is a significant moderating effect of offline brand trust on the relationship between brand image and e-loyalty. The results of the present study provide implications for luxury brand managers and retailers to develop effective online sales strategies.

Effects of Cash and Non-Cash Communications on Brand Awareness: An Empirical Evidence from Saudi Arabia

  • AL-NSOUR, Iyad A.;AL-SAHLI, Saud A.
    • The Journal of Asian Finance, Economics and Business
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    • 제9권5호
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    • pp.507-518
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    • 2022
  • This study aimed to measure the monetary and non-monetary effects on brand awareness at hypermarkets in Riyadh. The independent variable consists of three sub-variables: price reductions, free samples, and purchasing vouchers. The research population has all Saudi and non-Saudi buyers in Riyadh. The figures show that the population size reached 3.87 million in 2019. The proportional stratification sampling technique and the recommended sample size were 387 buyers. The five-point Likert scale with the fully structured questionnaire was used. The study concldes the effect of free samples on brand awareness while there was no effect of monetary instruments. The results show that the three sales promotion incentives (price reduction, free samples, and purchasing vouchers) moderately affected brand awareness and a key role in explaining consumer behavior, so the significant impact was proved. In summary, this study showed that price reductions have the power of creating the perception of buyers at hypermarkets in Riyadh. Non-cash instruments were more effective than cash instruments in enhancing brand awareness at the hypermarkets in the Saudi market. So, the price reductions and purchasing vouchers have less power in conducting communication-based awareness. Building awareness and improving brand image through free samples were most visible in communication strategy.

Linkage between Value of Digital Fashion Products and Purchase Behavior of Potential Consumers on the Metaverse Platform

  • Jae-Min LEE
    • 산경연구논집
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    • 제14권8호
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    • pp.1-8
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    • 2023
  • Purpose: This research aims to identify positive connections between digital fashion product value and consumer purchase behavior. The research tries to offer valuable insights and implications for fashion industry practitioners, enabling them to harness the power of the Metaverse to enhance customer engagement, drive sales, and stay ahead in this ever-evolving digital landscape. Research design, data and methodology: The research design for this study is a systematic literature review. A systematic and rigorous approach was adopted to ensure the reliability and validity of the research findings. By conducting this kind of approach to achieve the purpose of the study, this research aims to comprehensively analyze existing academic articles, peer-reviewed journals, and relevant publications related to the topic. Results: According to various academic search engines, the results revealed several dimensions of value associated with digital fashion products on the Metaverse platform, which significantly influence consumer perceptions. These dimensions of value extend beyond traditional tangible attributes and are uniquely shaped by the immersive and interactive nature of the virtual environment. Conclusions: All in all, the findings highlighted the significance of experiential value in driving purchase behavior. Creating immersive and interactive virtual shopping experiences emerged as a crucial strategy for fashion industry practitioners to engage potential consumers effectively.

Brand Revitalization by Strategic Repositioning: A Case Study of Korando Sports

  • Shin, Youngsik;Cha, Kyoung Cheon
    • Asia Marketing Journal
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    • 제14권4호
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    • pp.1-22
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    • 2013
  • A growing gap between market needs and the capabilities of the enterprise prompts repositioning (Corstjens and Dolye 1989). This article examines the strategic repositioning of 'Korando Sports' undertaken by SYMC throughout the period from Jan. 2012 to Jun. 2012, to boost sales volume and market share by entering market of active-lifestyle consumers currently occupied by SUVs. SYMC's experience indicates that it is essential to close the gap between the market needs and the ability of the enterprise to make a shift to new consumer segment with a new positioning. The successful repositioning framework(Ryan et al. 2007) were employed in this paper. This framework is comprised of six elements: core strategic values, strategic flexibility/learning capabilities, customer awareness and sensitivity, external orientation, management commitment, and belief in the product and brand. The evaluation based on the successful framework also confirms that 'Korando Sports' case meets all the requirements of the successful strategic repositioning. This paper provides some of the managerial implications with aim of assisting executives in identifying strategic repositioning opportunities. Primarily, the 'Korando Sports' case affirms the repositioning as a viable strategy and indicates that repositioning is a feasible means for strategic change. Second, this case shows the influence of a target consumer and SYMC's repositioning to follow consumer preference for a particular attribute. Moreover, we can understand how a product formerly considered weak in attributes can enjoy benefits in other segments with the same attributes.

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Foodservice Trend Predictions and Implications in 2024

  • Taek Yong YOO;Seong-Soo CHA
    • 식품보건융합연구
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    • 제9권6호
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    • pp.21-26
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    • 2023
  • Purpose: This study aims to explore how the modern foodservice industry reflects consumers' rapidly changing taste preferences and health consciousness. In particular, it looks at how companies such as Yakult Korea are expanding their business to meet diverse consumer demands and how traditional and exotic tastes are driving the growth of the sauce market. Research methods: this study was conducted through market analysis, consumer behavior research and case studies. Sales data, consumer purchasing patterns and product development strategy case studies of sauce products in domestic and global markets were investigated to analyze the impact of taste and health harmony and storytelling on brand value. Conclusion: The foodservice industry is meeting consumer expectations for health and taste harmony by developing innovative products that satisfy the senses and adopting marketing strategies through strong storytelling. The success of exotic sauce products in particular reflects consumers' desire for diversity. Implications: the findings suggest that the foodservice industry must continue to innovate to meet consumers' health and taste expectations. They also reveal that product storytelling plays an important role in enhancing brand value. This requires a strategic approach to long-term brand growth and market differentiation. Companies need to reflect these changes in consumer buying behavior.

[Review] The Impact of Character Collaboration Product Characteristics on Brand Awareness and Purchase Intention: Focusing on F&B Products

  • Kyung Tae JANG;Senghyeon LEE;Seong-Soo CHA
    • 식품보건융합연구
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    • 제10권2호
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    • pp.1-5
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    • 2024
  • This study aims to investigate the impact of character collaboration product characteristics on brand awareness and purchase intention within the food and beverage (F&B) industry, with a special focus on Generation MZ's growing interest in such products. The methodology involves a comprehensive review of existing literature on character marketing, brand awareness, and consumer purchase intention, supplemented by case studies of successful character collaborations in the F&B sector. The findings reveal that character collaborations significantly impact brand awareness and purchase intentions, particularly among younger consumers like Generation MZ. These collaborations not only rekindle nostalgia but also introduce new and exciting consumer experiences, effectively attracting a wide demographic. The success of character-themed products, from Pokémon bread to Coca-Cola's League of Legends collaboration, underscores the strategy's effectiveness in boosting brand recognition and consumer engagement. The implications of this research are manifold for the F&B industry. Firstly, it highlights the importance of leveraging popular characters to forge emotional connections with consumers. Secondly, it suggests that product development should closely align with consumer preferences and market trends to maximize appeal. Lastly, it positions character collaboration as a strategic marketing tool that not only enhances product sales but also strengthens brand loyalty and facilitates sustained brand growth.

소호패션쇼핑몰 창업 후 사업지속에 대한 사례연구: 종단적 연구를 중심으로 (A Case Study on Business Continuity following the Establishment of a Soho Fashion Shopping Mall: Longitudinal Research)

  • 손미영
    • Human Ecology Research
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    • 제62권1호
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    • pp.1-13
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    • 2024
  • This study analyzed the current operational status, business continuity, and business continuity strategies of 11 Soho fashion shopping malls through a longitudinal case study (2019/2020 and 2022/2023). The aim was to determine how Soho fashion shopping malls are continuing their business having been successfully established in the fiercely competitive current online fashion market. Regarding changes in shopping mall operation status, all cases displayed changes in items, distribution channels, marketing channels, core values, and profit structures. After establishing the businesses, a crisis arose due to the COVID-19 pandemic, leading to difficulties in creating new customers. Moreover, there was excessive business expansion, resulting in saturation of the online platform store market. This meant companies were experiencing reduced sales (5) or difficulties in maintaining their business (3). However, there were differences in the direction of overcoming the crisis and continuing or converting the business. These revealed that to continue the business after successful establishment of an online fashion shopping mall, it is essential to have the expertise of entrepreneurs, work performance, and marketing ability, as well as differentiation capabilities such as product power and management strategy and core competitiveness that provides a relative advantage over other shopping malls. Customized government support at the level of the start-up ecosystem is also essential for the survival and business continuity of a SOHO online fashion shopping mall with poor human and material resources.

라이브 커머스의 상호작용이 소비자의 감정반응 및 행동의도에 미치는 영향에 관한 연구 (A Study on the Impact of Live Commerce Interaction on Consumer Emotional Responses and Behavioral Intentions)

  • 손옥영;김병재
    • Journal of Information Technology Applications and Management
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    • 제31권2호
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    • pp.35-49
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    • 2024
  • With the development of e-commerce, live streaming e-commerce, as an emerging marketing method, is on the rise. It integrates various ways of information delivery, providing consumers with unprecedented shopping experiences, particularly through its interactive nature, which can increase audience engagement and immersion. This study delves into how interactive elements in live streaming e-commerce influence consumer emotions and purchase intentions. By employing literature review and empirical analysis methods, we analyzed various interactive factors in the live streaming e-commerce environment and revealed the process through which these factors stimulate audience emotions and lead to specific purchasing behaviors. The results confirm that the interactive appeal of live streaming e-commerce significantly influences consumers' positive emotional responses, consequently enhancing purchase intentions. This study aims to explore the relationship between the interactive features of live streaming e-commerce and consumer emotional responses and purchase intentions, thereby filling theoretical gaps in the field of live streaming e-commerce and proposing new marketing theories. Additionally, by analyzing how interactive features stimulate consumers, optimal live content strategies can be proposed for live streaming e-commerce platforms and hosts, thus aiding in the improvement of marketing strategies and sales effectiveness.

정부창업지원 프로그램 참여에 따른 ICT 기업 프로파일링과 성과창출 메커니즘 (ICT Company Profiling Analysis and the Mechanism for Performance Creation Depending on the Type of Government Start-up Support Program)

  • 하상집;박도형
    • 지능정보연구
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    • 제28권3호
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    • pp.237-258
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    • 2022
  • 국내 ICT 산업은 세계 시장 환경이 변화함에 따라, 세계에 미치는 영향력이 점차 커지고 있다. 이 산업은 국가 경제에 기술적, 사회적 측면에서 중요한 원동력으로 여겨지고 있다. 특히 ICT 산업 내 중소기업은 다양성 추구, 기술 발전 및 고용 창출 측면에서 국내 경제 발전의 반드시 필요한 주체로서 여겨지고 있다. 하지만 대기업이나 중견 기업에 비해 작은 규모이기 때문에, 불완전하고 급변하는 환경 속에서 중소기업이 차별화된 전략을 가지고 살아 남기 어려운 상황에 직면해 있다. 그래서 중소기업은 자신이 가진 역량을 향상시키기 위해서 많은 노력을 해야 하며, 정부도 이들이 지속적으로 경쟁력을 갖추도록 기업 내부자원에 맞는 바람직한 도움을 제공해 줄 필요성이 있다. 본 연구는 정부지원 프로그램에 참여하고 있는 ICT 중소기업의 유형을 분류하고, 각각의 유형별로 기업들이 가지고 있는 자원들과 성과창출 간의 관계를 분석하였다. 분석 자료로는 과학기술정보통신부에서 매년 실시하고 있는 ICT 중소기업 실태조사의 데이터를 사용하였다. 이를 위해, 본 연구는 첫번째 단계에서 ICT 중소기업들을 정부지원 프로그램 경험에 따라 공통의 요소를 기반으로 군집화 하였다. 세 개의 군집이 의미 있게 분류되었으며, 각각의 군집은 '적극적 참여형,' '초기 지원형,' '홀로서기형'으로 명명하였다. 두번째 단계로, 본 연구는 각 군집에 대해 프로파일링 분석을 통해 각 군집의 특성을 비교하였다. 본 연구가 수행한 세번째 단계는 군집별로 R&D 성과창출 메커니즘을 회귀분석을 통해 알아보았는데, 각 군집별로 서로 상이한 요인들이 성과창출에 영향을 주었고, 그 영향력의 크기도 서로 달랐다. 구체적으로, "적극적 참여형"은 "현재 보유 인력", "기술경쟁력", "전년도 R&D 투자액"이 "R&D 성과창출"에 중요한 요인들로 밝혀졌다. "초기 지원형"은 "연구개발전담조직 보유 여부", "전년도 R&D 투자액", "대기업 매출 비중", "대기업 납품 벤더 비중"이 성과에 기여하는 것으로 파악되었다. 마지막으로 "홀로서기형"의 경우, "현재 보유 인력"과 더불어 "미래 충원 계획", "기술경쟁력", "R&D 투자액", "대기업 매출 비중", "해외매출 비중"이 유의한 관계를 보여주었다. 본 연구는 정부의 창업프로그램 참여 방식에 따라, 향후 중소기업을 지원할 때, 어떤 전략을 수립해야 하는지를 보여준다는 정책적 시사점을 가지며, 구체적으로 어떤 지원을 제공해야 하는지에 대한 가이드를 제공한다는 실무적 시사점을 가진다.

자원기반 이론과 AHP 방법을 활용한 민간 경호경비 기업의 전략 연구 (Business Strategies for Korean Private Security-Guard Companies Utilizing Resource-based Theory and AHP Method)

  • 김흥기;이종원
    • 시큐리티연구
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    • 제36호
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    • pp.177-200
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    • 2013
  • 빈부 격차가 커지는 고도 산업사회의 진입에 따라 인간의 안전에 대한 요구와 욕구는 양적인 급속한 팽창과 함께 다양화 되고 고급화 되고 있다. 따라서 민간 경호경비 산업분야의 시장 전망은 매우 밝을 것으로 예상된다. 그러나 우리나라 민간 경호경비업체는 영세할 뿐만 아니라 경영 전략적 사고의 부족으로 새로운 시장기회를 확보하기 위한 전략적 방향성을 찾는 것에 어려움을 겪고 있다. 따라서 우리는 경영전략 이론을 바탕으로 구조화된 의사결정 방법인 AHP 방법을 활용하여 우리나라 민간경호 산업의 발전 방향을 제시하고자 한다. 자원기반 이론은 경영전략 이론의 중요한 이론 중에 하나로 기업의 성과는 기업이 가지고 있는 독특한 자원에 의해 결정된다는 이론이다. 자원기반 이론을 적용하여 기업의 전략적 방향을 설정할 수 있는데, 그 방법은 기업이 가지고 있는 독특한 자원과 핵심역량을 분석하고, 이를 반영하여 기업의 전략적 방향을 설정하는 것이다. 이 방법과 이론은 1990년대 이후 그 유용성이 실증적으로 많이 검증이 되어왔다. 우리는 자원기반 이론을 활용하여 민간 경호경비 기업의 경영전략을 수립하기 위한 기본 절차를 수립하고 그 전략적 방향을 정립하였다. 우리는 민간 경호경비 기업의 공공기관과 대비한 경쟁력 있는 자원, 핵심 역량, 전략을 추출 위해서 AHP 방법을 사용하였다. AHP 방법론은 비구조화 된 문제를 전문가의 지식을 계량화하여 의사결정에 이용하는 방법이다. 이 방법은 학술적 연구는 물론 실제 기업 내에서의 많은 경영의사결정 문제를 수행하여 그 유용성이 검증된 방법이다. 우리는 이를 위해 학계, 업계, 연구계의 전문가 11인에게 데이터를 확보하였고, 이를 통해 민간 경호경비 기업이 공공기관과 대비하여 차별적인 자원, 역량, 그리고 전략적 방향성을 도출하였다. 우리는 이를 통해 민간 경호경비 기업의 공공기관과 차별화된 자원은 무형자원이며 그 중에서도 특히 관계자원, 고객정보자원, 기술자원 등이 중요한 자원으로 분석되었다. 반면, 설비자원, 재무자원, 유통망자원 등 유형 자원은 상대적으로 부족한 것으로 분석되었다. 또한 핵심역량으로는 마케팅 및 영업역량과 신제품 개발역량이 중요한 역량으로 분석되었다. 그리고 이러한 자원과 역량을 고려한 전략적 자원으로는 특정 시장에 집중하는 집중화 전략이 채택되었다. 집중화 전략은 특정고객에 집중하여 총력적으로 마케팅활동을 통해 수익을 창출하는 전략으로 규모가 작은 중소기업에 적합한 전략이다. 따라서 민간 경호경비 기업은 새로운 시장을 개척하고 이에 적합한 상품을 개발하며 고객과의 지속적인 마케팅활동을 하는 것이 매우 중요한 과제라 하겠다. 또한 장기적으로 민간 경호경비 기업의 마케팅 역량 강화를 위한 인적인 보강도 지속적으로 요구된다.

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