Brand Power: The Ability of Brands to Influence Consumer Behaviour
- DOI
- 10.2991/978-94-6463-576-8_8How to use a DOI?
- Keywords
- brand power; market competition; consumer behavior; customer loyalty; brand awareness; brand measurement; marketing strategy; brand differentiation; brand image
- Abstract
This article discusses the importance of understanding and measuring brand power in an increasingly competitive market landscape. Brand power encompasses meaningfulness, differentiation, and salience, which influence consumer behavior and engagement. A strong brand power can enhance customer loyalty, brand awareness, consumer engagement, and company revenue. Measuring brand power involves market research to understand customer perceptions and preferences, followed by data analysis to identify brand strengths and weaknesses. The use of brand power in business decision-making and marketing strategy is also explored, emphasizing pricing, marketing, and brand differentiation. Steps to enhance brand power include building a strong value proposition, differentiating from competitors, and creating a positive brand image. By strengthening brand power, a brand can achieve significant competitive advantage in the market.
- Copyright
- © 2024 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Harsya Bayu Prayustio AU - Ita Prihatining Wilujeng PY - 2024 DA - 2024/11/19 TI - Brand Power: The Ability of Brands to Influence Consumer Behaviour BT - Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2024) PB - Atlantis Press SP - 91 EP - 100 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-576-8_8 DO - 10.2991/978-94-6463-576-8_8 ID - Prayustio2024 ER -