Vivel - Brand Equity
Vivel - Brand Equity
Vivel - Brand Equity
GROUP MEMBERS : M1219 Hemin Rajora M1256 Vikesh Bangera M1259 Vishal Shivkar
Brand Equity
A brands power derived from the goodwill and name recognition that it has earned over time, which translates into higher sales volume and higher profit margins against competing brands
Target Group Vivel focuses on young consumers who are looking for a change and people who are not necessarily tied to a brand for many years. Has a push-pull strategy for promotion and distribution. Major Competitors LUX, DOVE,PEARS, MEDIMIX
Objective
Business Objective To Understand Customer Brand Attitude and The Profitability of marketing initiatives to determine a brands financial value. Research Objective The research objective is to find the power of the brand Vivel as compared to competitors on the basis of the consumer and Financial framework.
Type of Research
Descriptive Research Survey studies Written questionnaires Personal interviews
Suggested approach
Qualitative Research In-depth/ one-on-one interviews Observational research Quantitative Research
Questionnaires
Suggested approaches can be carried out on the basis of the following parameters.
Consumer based approach Brand Awareness Perceived value Brand Loyalty Brand associations Financial based approach Market Share Profitability Time in Market Recent Growth
Reporting Requirements
PowerPoint Presentation Report consisting of statistical analysis between Vivel and Other Soap brands
BRAND LOYALTY AND LEVERAGABILITY: AN EMPIRICAL STUDY ON SOME SELECTED BRANDS OF SOAP