MBA 3rd SEMESTER PROJECT SYNOPSIS REPORT
MBA 3rd SEMESTER PROJECT SYNOPSIS REPORT
By
Nilesh Kumar Panda
Reg No.:P19RL22MO15079
Under the guidance of
Mr. Veeresh Aradhya
Assistant Professor
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:
• 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:
• 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.
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.
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.
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.