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MBA 3rd SEMESTER PROJECT SYNOPSIS REPORT

This document provides an overview of a study on the influence of branding on consumer purchasing behavior. The study aims to understand how brand perception, emotional resonance, and loyalty impact consumer decisions. It will examine these dynamics through a literature review and empirical research. Understanding the relationship between brands and consumers can provide valuable insights for marketers to enhance branding strategies and effectively connect with audiences. The document outlines objectives for the study such as investigating consumer perceptions of brands and the role of trust in purchase decisions. It also discusses challenges brands may face in influencing behavior, such as information overload, evolving consumer values, and maintaining consistency.

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0% found this document useful (0 votes)
261 views

MBA 3rd SEMESTER PROJECT SYNOPSIS REPORT

This document provides an overview of a study on the influence of branding on consumer purchasing behavior. The study aims to understand how brand perception, emotional resonance, and loyalty impact consumer decisions. It will examine these dynamics through a literature review and empirical research. Understanding the relationship between brands and consumers can provide valuable insights for marketers to enhance branding strategies and effectively connect with audiences. The document outlines objectives for the study such as investigating consumer perceptions of brands and the role of trust in purchase decisions. It also discusses challenges brands may face in influencing behavior, such as information overload, evolving consumer values, and maintaining consistency.

Uploaded by

sardarkoushik13
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MBA 3rd SEMESTER PROJECT SYNOPSIS REPORT

A Study on “Influence of Branding on Consumer Purchasing


Behaviour”
Synopsis Report Submitted in partial fulfilment of the requirements
for the award of the degree of

MASTER OF BUSINESS ADMISTRATION OF


BENGALURU NORTH UNIVERSITY

By
Nilesh Kumar Panda
Reg No.:P19RL22MO15079
Under the guidance of
Mr. Veeresh Aradhya
Assistant Professor

REGIONAL COLLEGE OF MANAGEMENT BANGALORE

Plot No 34/4 and 34/5, Mudugurki, Devanahalli,


Bangalore – 562 110
2022-2024
Abstract:
This study explores the impact of branding on consumer purchasing behavior, examining
how brand image, perception, and loyalty influence consumer choices. Through a
comprehensive analysis of relevant literature and empirical research, the study aims to
uncover key factors shaping consumer preferences and decision-making processes in the
context of branding. Understanding these dynamics can provide valuable insights for
marketers seeking to enhance their brand strategies and effectively connect with target
audiences in the competitive marketplace. In a landscape characterized by constant
evolution and heightened competition, this research seeks to elucidate the strategic
relevance of comprehending consumer-brand dynamics. It underscores the imperative
for businesses to adapt their branding strategies to align with changing consumer
expectations and emerging trends. Beyond mere symbols, brands are powerful
influencers of consumer behavior, and this study aims to dissect the psychological
nuances that underlie these influential connections.

Overview:
The influence of branding on consumer purchasing behavior is a multifaceted and
dynamic area of study that delves into the intricate relationship between consumers and
brands. This detailed overview will navigate key dimensions of this influence, providing
a comprehensive exploration.

1. Brand Perception:

• Examining how consumers perceive and interpret a brand is fundamental. Brand


perception encompasses visual elements, messaging, and associations,
contributing to the formation of a brand image.
• Consumer perceptions are influenced by brand positioning, messaging
consistency, and the overall brand identity conveyed through
marketing channels.
2. Emotional Resonance:

• Brands often evoke emotions and sentiments that go beyond product features.
Understanding the emotional connections consumers establish with a brand is
crucial for predicting and influencing purchasing decisions.
• Emotional branding strategies, such as storytelling and experiential marketing,
play a pivotal role in creating lasting impressions.
3. Brand Loyalty:

• Establishing brand loyalty involves creating a strong, enduring connection


between consumers and a brand. Loyalty influences repeat purchases and
consumer advocacy.
• Loyalty programs, positive customer experiences, and consistent quality
contribute to the development of brand loyalty.

4. Consumer Decision-Making Process:

• The consumer's journey from awareness to purchase involves several stages, each
influenced by branding elements. This includes awareness, consideration,
preference, and the final decision to make a purchase.
• Brands impact consumer decisions through various touchpoints, including
advertising, social media, reviews, and word-of-mouth.

Topic choosen for study


Influence of Branding on Consumer Purchasing Behaviour

Need for the study


Studying the influence of branding on consumer purchasing behavior is crucial because
effective branding can significantly impact consumer choices. It helps businesses build
trust, convey value, and differentiate products in a competitive market. Understanding
this influence enables companies to strategically position their brands, create strong
connections with consumers, and ultimately drive sales. Additionally, insights into
consumer behavior provide valuable information for marketers to adapt and refine
branding strategies to meet evolving market demands.
Several reasons for studying the influence of branding on consumer purchasing behavior:

1. Competitive Advantage: A strong brand can be a sustainable competitive


advantage. By studying how branding affects consumer decisions, businesses can
develop strategies to stand out and maintain relevance in the market.
2. Consumer Loyalty: Effective branding fosters loyalty. Understanding how
branding impacts loyalty helps businesses cultivate long-term relationships with
customers, leading to repeat purchases and positive word-of-mouth marketing.

3. Perceived Quality: Branding contributes to the perceived quality of a product.


Studying this relationship helps businesses enhance product perception, allowing
consumers to associate the brand with quality and reliability.

4. Decision-Making Process: Consumer purchasing decisions are complex.


Examining the role of branding provides insights into the various factors
influencing the decision-making process, aiding businesses in creating targeted
marketing campaigns.

5. Emotional Connection: Brands often evoke emotions. By understanding how


branding influences emotions, businesses can create campaigns that resonate
with consumers, fostering a deeper emotional connection that goes beyond
product features.

6. Risk Mitigation: Consumers may perceive branded products as less risky. Studying
this aspect helps businesses reduce perceived risks associated with their
products, encouraging consumers to choose their brand over competitors.

7. Global Expansion: Brands that resonate across cultures have a higher chance of
success in global markets. Researching the impact of branding on a diverse range
of consumers helps businesses tailor their brand messages for different cultural
contexts.

8. Innovative Strategies: Analyzing the influence of branding allows businesses to


innovate their branding strategies, incorporating new technologies, trends, and
consumer preferences to stay relevant in an ever-changing market.

In essence, studying the influence of branding on consumer purchasing behavior


provides a comprehensive understanding of how businesses can effectively
communicate, differentiate, and thrive in the marketplace.

Objectives For The Study


1. To investigate how consumer percieve and intrepret different brands,
considering factors like brand image, reputation and values.
2. Assess the impact of branding on consumer loyalty by studying repeat
purchase behavior and brand switching tendencies.

3. Measure the level of awareness consumers have about various brands and
explore how it influences their purchasing decisions.

4. Investigate the associations consumers make with specific brands and how
these associations affect their choices.

5. Explore the role of trust in branding and how it influences consumers'


confidence in a brand, impacting their willingness to make a purchase.

Challenges for Branding on consumer purchasinng


behaviour-

Branding, while a powerful tool in influencing consumer purchasing


behavior, faces several challenges in today's dynamic and cluttered
marketplace. Here are some key hurdles brands encounter:

1. Information Overload and Attention Scarcity: With constant bombardment


of marketing messages, consumers experience information overload and
have limited attention spans. This makes it difficult for brands to stand out
and resonate with their target audience.

2. Evolving Consumer Values and Prioritization: Values and priorities shift


rapidly, driven by social, technological, and environmental factors. Brands
need to constantly adapt their message and offerings to stay relevant and
cater to these evolving trends, like increasing awareness of sustainability and
ethical sourcing.

3. Rise of Digital Disruption and Competition: Digital platforms have


democratized access to information and empowered consumers to compare
brands easily. This leads to increased competition and challenges for brands
to differentiate themselves, especially in saturated markets.

4. Trust and Transparency Issues: Consumer skepticism towards marketing


messages is high. Brands need to build trust through authenticity,
transparency, and consistent delivery on their promises. Inconsistent
branding or greenwashing can lead to backlash and reputational damage.

5. Personalization and Relevance Fatigue: With targeted advertising and


algorithms, consumers can feel overwhelmed by personalization attempts.
Finding the right balance between offering relevant options and respecting
privacy is crucial to avoid alienating potential customers.
6. Counterfeit and Grey Market Concerns: Counterfeit products and
unauthorized distribution channels can erode brand value and damage
consumer trust. Brands need to implement robust anti-counterfeiting
measures and maintain control over their distribution channels.

7. Measuring and Attributing Impact: With the rise of digital marketing,


attribution of brand influence on purchasing decisions becomes complex.
Brands need to invest in sophisticated analytics and measurement tools to
understand the true impact of their branding efforts.

8. Managing Brand Consistency Across Touchpoints: A consistent brand


experience across all channels (online, offline, social media) is essential.
Inconsistent messaging or visuals can create confusion and undermine brand
trust.

Despite these challenges, effective branding remains a crucial element for


business success. By understanding these hurdles and employing strategic
approaches to branding, businesses can overcome them and create lasting
impact on consumer purchasing behavior.

Remember, a successful brand goes beyond just a logo and tagline. It's about
building a strong emotional connection with your target audience,
consistently delivering on your promises, and adapting to the ever-changing
consumer landscape.

Research Methodology:

This given topic was choosen keeping in mind that how a branding can
influence a consumer to buy a product and how it can differentiate a
particular company or its products from their competetiors . In order to
achieve my aims and objectives of research I have prefered mixed design
consisting of primary data, secondary data and case studies.

• Primary data: The data for the research was collected by several
data collection methods like Surveys/ Questionnaires, Observations,
analysing the case studies etc.
• Secondary data: Secondary data is that which is already been
collected. The sources of these data is are research institution, official
statistics, technical reports, journals, articles, reference books etc.

Literature Review:
Several studies delve into the psychological aspects of branding,
emphasizing the role of branding in shaping consumer identity and self-expression.
Brand personality, a concept derived from psychology, explores how consumers
associate human traits with brands, influencing their preferences. Additionally, research
highlights the impact of social media on branding and purchasing behaviour, as platforms
become key channels for brand communication and consumer interaction.

Moreover, there's a growing body of literature exploring the influence of cultural and
societal factors on consumer perceptions of brands. Cultural differences may shape the
meaning and significance attached to certain brands, impacting purchasing decisions. The
concept of brand equity, encompassing brand awareness, perceived quality, and brand
loyalty, is central to understanding how strong brands can command premium prices and
sustain market dominance.

However, the literature also acknowledges challenges such as brand fatigue, where
consumers may become overwhelmed by excessive branding, leading to disengagement.
The dynamic nature of consumer preferences and the increasing importance of
sustainability and ethical considerations in purchasing decisions add additional layers to
the complex relationship between branding and consumer behaviour. Researchers
continue to explore these nuances to provide a comprehensive understanding of the
evolving dynamics in the field.

STUDENT SIGNATURE GUIDE


SIGNATURE

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