Patanjali Products Case Study

Brilliant Essays
Contents
1.TOPIC: 2
2.INTRODUCTION: 2
3.Literature Review: 2
4.Research objectives: 5
5.Methodology: 5
6.Data Analysis: 5
7.Time Estimate: 5
8.Conclusion: 5
Bibliography 6

Table of Figures
Figure 1 elements of Brand equity 3
Figure 2 Framework for measuring consumer based Brand equity 3

1.TOPIC: Impact of Brand Equity on consumer purchase intention on Patanjali Products
2.INTRODUCTION:
Patanjali, which is one of the fastest growing FMCG companies which predicted its sales revenue of 5000 crore in the fiscal year 2015-2016 with an increase in its sales by 150% when compared to previous fiscal year i.e. 2014-2015. So it is very much essential to know what are the factors which are influencing the consumer to intend to buy Patanjali Products. Among the factors which are influencing
…show more content…
A. (2014). Effect of Brand Equity on Consumer Purchase Intention. indian journal social science research, 212-217.
Gunawardane, N. R. (2015, Jun). Impact of Brand Equity towards Purchasing Desition: A Situation on Mobile Telecommunication Services of Sri Lanka. Journal of Marketing Management, Vol 3, 100-117.
Kavida, S. L. (2016). Impact of Brand Equity on Purchase Intention of home appliances. chennai: IUP Journal of Brand management.
Khataan, A. M. (2016). The impact of customer-based Brand equity on purchase intention by adapting Aaker’s model. The Business & Management Review, Vol 4.
Lekprayura, S. (2012). Brand Equity and Factors Affecting Consumer’s Purchase Intention towards Luxury Brands in Bangkok Metropolitan Area. International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering, Vol. 6, 2620-2625.
Muhammad Irfan Tariq, M. R. (2013). Customer Perceptions about Branding and Purchase Intention: A Study of FMCG in an Emerging Market. Journal of Basic and Applied Scientific Research, 3(2)340-347.
Yang, Y. (2012). The Impact of Marketing Elements and Brand Equity on Private Label Brand Purchase

Related Documents

  • Great Essays

    When they do engage with customers, she said, it has to be amazing. Customer experience is widely viewed as a key differentiator among loyalty (Terney, 2016). Given previous research in brand loyalty, UNT’s research team sought to determine that amid a crisis, what factors contribute to or perpetuate brand…

    • 1567 Words
    • 7 Pages
    Great Essays
  • Great Essays

    Myer Brand Equity Summary

    • 1149 Words
    • 5 Pages

    Brand-building is increasingly a collaborative effort not only related to brand marketers (Keller 2013). It is believed that customers are truly in charge of the brand, any new marketing strategies should be carried out from customers’ perspective. In other words, it is whether customers will accurately response to marketing activities and refresh their brand knowledge in the expected way that matters. For the future five years MYER’s brand management, proactive recommendations are designed to maintain and enhance MYER’s customer-based brand equity over time. 5.1 Consistency between CBBE and firm’s perception of brand equity To begin with, as it is mentioned in the inventory part, “finding wonderful” was one of the firm’s primary perception of brand equity meaning from 2014.…

    • 1149 Words
    • 5 Pages
    Great Essays
  • Decent Essays

    Consumers will have a higher purchase intention with a familiar brand. Likewise, if a product has higher brand awareness it will have a higher market share and a better quality evaluation. A well-known brand will have a higher purchase intention than a less well-known brand. Garretson and Clow suggest that perceived quality will influence consumer purchase intention, and Monore indicates that perceived quality will positively influence purchase intention through perceived…

    • 70 Words
    • 1 Pages
    Decent Essays
  • Superior Essays

    Neutrogena Advertising

    • 1188 Words
    • 5 Pages

    The value reflects how a consumer think, feel and act for that brand. There are factors that contribute to having brand equity. Consumers must have awareness for the product, recognition and know what it offers, emotional connections and loyalty for that product. It is means of building a relationship with a product. It is why I feel I have equity to Neutrogena.…

    • 1188 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Victoria's Secret

    • 1239 Words
    • 5 Pages

    Amidst living in a commodity culture and consumer society where it is filled with mass production of goods and uncountable sectors of brands, not only consumers have to struggle to make choice between different options of brands, but also brands have to constantly find ways to make their name known among competitors and become a household brand that consumers will choose its products over the other. Thus, marketers and advertisers take advantage of the new age of social media to create brand identity, which comprises the characteristics and attributes of the brand that the company wishes to create and maintain (Phillips, McQuarrie, and Griffin 1). Nonetheless, brand identity often encloses ideological values, which is a shared set of values and beliefs to convey the way things are and the way things should be. A brand then is no longer merely selling products, but it is selling the symbolic values that are embedded in the advertising images.…

    • 1239 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Introduction: Marketing is the core of any successful business. It assists in spreading awareness about the company’s product to its customers, potential customers and the community by advertising and promoting the company’s good or service. A very fundamental part of marketing is branding. Branding provides the company’s products with the opportunity of being uniquely recognized; and distinguished between it and other companies’ products as well as acquiring a respectable reputation among their competitors, customers and community nationally and internationally. Also, through marketing the company can determine which good or service appropriate best for their customer’s which creates diversity among their audience.…

    • 1392 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Patanjali Ayurved, has expanded rapidly despite offering products that are priced lower than its competitors. Credit Analysis & Research Limited (CARE) has given “BBB-“rating to Patanjali Ayurved Limited (PAL) in September 2014. This rating as per CARE rules and standards indicates that Patanjali Ayurved Limited (PAL) has the lowest investment grade in the capital and money markets. CARE, in September 2012, has given “CARE BB+” rating to Patanjali Food & Herbal Products Private Limited (PFHPPL).…

    • 957 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    2.4 Theoretical Model of Relationships between Electronic Word of Mouth and Customer Purchase Intention There are some theories adopted in prior E-WOM communication studies. Most of the papers discuss a dual-process theory of human information processing such as the Elaboration Likelihood Model (ELM) and the Heuristic-Systematic Model (HSM) [12], both of these are the most commonly used theoritical foundation in the study of the impact of E-WOM communication [12]. Many studies adopted the source credibility literature to explain the characteristics of this new form of word-of-mouth communication [12]. Below are the table of theoretical foundations of prior E-WOM studies. There are several models and theories of information adoption by consumers…

    • 711 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Patanjali Case Study

    • 1659 Words
    • 7 Pages

    Patanjali Success Study All the success, the popularity, and the goodwill can be credited to something we refer to as the “Incidental Branding”. The branding wasn’t accidental. It was well planned. But there were a lot of incidents that shaped the brand personality and that too happened before its formation.…

    • 1659 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    ABSTRACT India with the Population of around 1.31 billion is the second largest market in the world in terms of customer after China. With many well-established domestic and international market players giving an intense competition to each other in the FMCG space for supremacy, Patanjali Ayurveda has not only survived but has also rose among the ranks of competition with the help of various qualities such as innovation, alternate marketing techniques and with a goal of providing good quality products at cheaper price. The following is an analysis of Patanjali Ayurveda Ltd. and its impact on the fast market consumer goods segment. This report first focuses on the fast market consumer good segment of India in terms of its major players, growth trends and division. With a focus on the product range, market share, market strategies, export analysis, etc.…

    • 1608 Words
    • 7 Pages
    Great Essays
  • Brilliant Essays

    Toyota Case Study

    • 2390 Words
    • 10 Pages

    Throughout all these years, Toyota had built a strong image in Malaysian customers’ mind. Based on a comment by UMW Toyota (Local Distributor of Toyota Motor in Malaysia) president Kuah Kock Heng, he said that UMW Toyota had the biggest share of the non-national makes in 2009, selling 81,785 units. It outsold its nearest competitor by over 40,000 units. Although the mass recall crisis not affecting Malaysia’s consumers “UMW Toyota would like to emphasize that we have received confirmation from our principal, Toyota Motor Corp, Japan that all Toyota and Lexus models sold by UMW Toyota are not affected by this recall exercise,” a statement by UMW Toyota. However, Toyota’s mass recall crisis affects many of its constituencies.…

    • 2390 Words
    • 10 Pages
    Brilliant Essays
  • Great Essays

    • Word-of-mouth promotion: Advertising and promotions typically account for 12-20% of revenue expenditure by consumer goods companies. When a new company gets into the business, this spending is significantly higher. During the introduction stage, Patanjali followed a unique word-of-mouth publicity model and the entire revenue was without any advertising. It was because of the brand loyalty of its customers that the word-of-mouth promotion proved so successful for the…

    • 1394 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    A brand aims to establish an emotional connection with its buyers, to in order to secure that customers business over their competitors. A strong consumer community and a sense of imagined lifestyle is critical in constructing the ‘commodity self’ which is the belief the one’s identity is defined by their…

    • 1041 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Fnb Case Study

    • 1194 Words
    • 5 Pages

    1. Brand equity Brand leadership One of the FNB’s core value proposition of entrenching their competitive advantage and increasing their market share has been through their brand appeal together with the experience consistency for its customers as well as the prospective customers. According to Aaker & Joachimsthaler (2012), brand equity is an asset that forms a basis for competitive leadership in the long run. The unique resource base of an organization has a direct influence on its strategy and competitive advantage thereto. Marketing of the brand by the bank therefore plays a critical role.…

    • 1194 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Determinants of important antecedent to eWOM behavior in SNSs and its impact on brand image and purchase intention Abstract Keywords: Introduction Word-of-mouth (WOM) communication is generally acknowledged to play a considerable role in influencing and forming consumer attitudes and behavioral intentions (e.g. Chatterjee, 2001; Chevalier and Mayzlin, 2006; Herr et al., 1991; Kiecker and Cowles, 2001; Sen and Lerman, 2007; Smith and Vogt, 1995; Weinberger and Dillon, 1980; Xia and Bechwati, 2008). Research has shown that WOM communication is more influential than communication through other sources such as editorial recommendations or advertisements (e.g. Bickart and Schindler, 2001; Smith et al., 2005; Trusov et al., 2009) because it…

    • 962 Words
    • 4 Pages
    Improved Essays