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8/2/2019 Faltu Lg Samsung
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Consumers were asked to rate the attributes of the brand on 5 point
Likert scale. Respondents of L.G. television have given high weight age to
effective advertisement, durability, overall quality, after sales service, reasonable
price and advanced technology as compare to modern style and easy availability
given by the respondents of Samsung.
Very few respondents of L.G. and Samsung were aware of the social
activities performed by the companies. So, companies should make efforts to make
people aware about the social activities performed by the companies.
Majority of the L.G. respondents were aware of the research and
development done by the company. While in case of Samsung, many consumers
were not aware of the research and development programmes of the company. So,
Samsung should make efforts people aware about its latest research and
development in order to enhance its corporate image.
Media, friends/relatives and dealers have helped the respondents of L.G. and
Samsung in forming opinion regarding corporate image. Media is playing major
role in forming opinion of people regarding company’s image.
72 percent of the respondents of L.G. wanted to replace the present
television with L.G. only, if need arises, whereas only 52 percent of the
respondents of Samsung want to replace the present television with Samsung only
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if need arises. This shows the consumers of L.G. are more loyal than Samsung
consumers.
Company image, good performance and better quality were the main
factors influencing decision of the respondent of L.G. television for buying L.G.
again, if need arises. While reasonable price and good performance were the main
factors influencing decision of respondents of Samsung for buying the same brand
again if need arises.
Most of the respondents were aware of the other product
manufactured by the same company. 46 percent of the respondents would like to
buy other products manufactured by L.G. whereas only 32 percent preferred to buy
other products of Samsung companies. It shows L.G.’s consumers would prefer to
try other products also. But few consumers liked to try other products of Samsung.
The above findings reveal that to improve the corporate image,
marketers should monitor the consumer behaviours continuously. Image can be
enhanced through better management of the emotional attachment that
stakeholders have with the organization. People perceive that products of a
company, whom they respect and trust, to be superior to those from a company
they believe are not socially responsible or concerned.
Effective management of the corporate image is essentially the only
way to ensure that the organization is building the reputation it wants. Effective
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image and reputation management is both a creative and highly disciplined process
requiring the implementation of a well defined approach. This approach can be
called as there Cs : clarity, cohesiveness and control. The true “Cs” clarity,
cohesiveness and control. Clarity is characterized by a precise business strategy,
shared core values and image goals, and a well defined market position.
Cohesiveness is a part of the process through which a company ensures that a
brands’ positioning and core attributes are experienced and communicated in a
consistent manner. This means product and service offerings, business practices,
employee behaviour and communications practices are in perfect alignment with
each other. The third “C”- control addresses the process and systems through
which the corporate brand is managed – appropriate centralizing, monitoring and
adjustments.
Consumers purchase decision is influenced by many factors including
corporate image. All the factor are dynamic. So, research should be condu=cted
continuously to analyze image on consumer’s purchase behaviour. It will help
companies to create better corporate image in the minds of people which will
definitely increase the sales and ultimately market share of the company.