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Chapter I Introduction
1.1 Methods of Brand Awareness
1.2 Scope of study
1.3 Limitations of study
1.4 Objectives of study
1.5 Research and Methodology
Chapter II Review of Literature
Chapter V Conclusion
5.1 Bibliography
A project on brand awareness involves researching how well
consumers recognize or recall a particular brand and its
products/services. Below is a detailed structure for conducting a
project on brand awareness, including methodology, steps for
data collection, and analysis.
Brand awareness is the extent to which customers are able to
recall or recognize a brand under different conditions. Brand
awareness is one of two dimensions from brand knowledge, an
associative network memory model. It is a key consideration
in consumer behavior, advertising management, and brand
management. The consumer's ability to recognize or recall a
brand is central to purchasing decision-making because
purchasing cannot proceed unless a consumer is first aware of a
product category and a brand within that category. Awareness
does not necessarily mean that the consumer must be able to
recall a specific brand name, but they must be able to recall
enough distinguishing features for purchasing to proceed.
Creating brand awareness is the main step in advertising a new
product or bringing back the older brand in light.
Brand awareness consists of two components: brand recall and
brand recognition. Several studies have shown that these two
components operate in fundamentally different ways as brand
recall is associated with memory retrieval, and brand recognition
involves object recognition. Both brand recall and brand
recognition play an important role in consumers’ purchase
decision process and in marketing communications. Brand
awareness is closely related to concepts such as the evoked set
and consideration set which include the specific brands a
consumer considers in purchasing decision. Consumers are
believed to hold between three and seven brands in their
consideration set across a broad range of product categories.
Consumers typically purchase one of the top three brands in
their consideration set as consumers have shown to buy only
familiar, well-established brands.
As brands are competing in a highly globalized market, brand
awareness is a key indicator of a brand's competitive market
performance. Given the importance of brand awareness in
consumer purchasing decisions, marketers have developed a
number of metrics designed to measure brand awareness and
other measures of brand health. These metrics are collectively
known as Awareness, Attitudes and Usage (AAU) metrics.
To ensure a product or brand's market success, awareness levels
must be managed across the entire product life cycle – from
product launch to market decline. Many marketers regularly
monitor brand awareness levels, and if they fall below a
predetermined threshold, the advertising and promotional effort
is intensified until awareness returns to the desired level.
Brand awareness refers to the familiarity of consumers with a
particular product or service. A brand awareness campaign seeks
to familiarize the public with a new or revised product and
differentiate it from the competition. Social media has become
an important new tool in brand awareness marketing
1.1 Method of Brand Awareness
4. Consumer Overload:
Brand Saturation: In markets where there are many
competing brands, consumers may experience brand
fatigue or confusion, leading to a lack of clear
differentiation. While they may recognize several brands,
they might struggle to distinguish between them, reducing
the effectiveness of brand awareness efforts.
Information Overload: With the increasing number of
brands and marketing messages that consumers are exposed
to daily, standing out becomes more difficult. Consumers
may simply ignore or forget a brand due to the sheer
volume of messages they encounter.
5. Cultural and Contextual Barriers:
Geographic and Cultural Differences: Brand awareness
can vary widely across regions and cultures. What works in
one market may not necessarily be effective in another. For
example, a brand that is well-known in the United States
might be largely unknown in Asia, and cultural factors can
also affect how brand messages are received.
Misalignment with Consumer Values: Sometimes, a
brand's awareness efforts do not resonate with the target
audience’s values or needs. A brand may be highly visible
but fail to connect meaningfully with consumers, reducing
the potential for long-term loyalty and advocacy.
subjective.
2.2 Quantitative Methods:
soft drinks?"
Aided Recall: "Which of the following brands do
you recognize?"
Recognition: "Do you recognize this brand's
logo?"
o Strengths: Provides a large volume of data that can be
generalized to the wider population.
o Limitations: Can lack depth in understanding
motivations and attitudes; depends on the quality of
the questionnaire design.
Brand Tracking Studies:
o Purpose: To monitor changes in brand awareness
confounding factors.
2.3 Online Analytics and Social Media Metrics:
Country India
Introduced 1989
Markets Worldwide
Website https://
www.louisphilippe.co
m/
CHAPTER IV
DATA ANALYSIS AND INTERPRETATION
To Perform Data analysis and interpretation of Brand
Awareness at Louis Philippe , We need to consider including
Key financial metric, Sale growth and performance indicators
This will include :
Target Market Identification:
Product Strategy:
Pricing Strategy:
Marketing Insights:
Store Optimization:
Competitive Analysis:
Here are the tables representing the key financial Metrics & Sale
growth of Louis Philippe from 1989 to 2024
4. Marketing Insights:
Analyze customer feedback and brand perception to refine
marketing campaigns and messaging to resonate better with the
target audience.
5. Store Optimization:
Identify high-performing stores and analyze factors
contributing to success to improve operations in other locations.
6.Competitive Analysis:
Evaluate competitor strategies and identify opportunities to
differentiate Louis Philippe in the market.
Data Collection Methods:
Customer Relationship Management (CRM) Data: Customer
purchase history, loyalty program data, and demographics.
Point-of-Sale (POS) Data: Sales transactions and product level
details.
Online Analytics: Website traffic, user behavior, and
conversion rates.
Customer Surveys: Feedback on brand perception, product
satisfaction, and shopping experience.
5.Product appearance:
6. Customer overall Satisafacation level:
CONCLUSION