This research paper explores the impact of branding on organizational growth and highlights the importance of branding in driving positive impact on the business environment. It discusses the factors influencing the branding process, the challenges faced by companies, and the significance of branding in the market.
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Impact of branding in case of driving organizational growth Name of the student Name of the university Author note
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Table of contents 1.0 Introduction................................................................................................................................2 2.0 Problem statement.....................................................................................................................3 3.0 Aim and objectives....................................................................................................................3 4.0 Justification of the potential output of the research...................................................................4 5.0 Conceptual framework and hypothesis development................................................................5 5.1 Concept of branding..............................................................................................................5 5.2 Significance of branding........................................................................................................6 5.3 Factors influence the branding process..................................................................................6 5.4 Challenges faced by the companies while implementing the branding strategies.................8 5.5 Hypothesis development........................................................................................................9 6.0 Methodology............................................................................................................................10 6.1 Research approach and data sources....................................................................................10 6.2 Proposed data collection and analysis technique.................................................................10 6.3 Organization of the study.....................................................................................................11 6.4 Budget, project activities and Gantt chart............................................................................11
1.0 Introduction In order to create the memorable impression on customers’ mind, the branding play a significant role (Fulgoni, 2015). In other words it can also be said that branding plays an effective role in case of developing a competitive image on the market. In the current business scenario, Branding is being considered as the important strategic initiative adopted by the companies in case of developing strong ciust0omer base as well as gaining the high profit in the market. Due to changing socio economic standard, consumption trends as well as expectations of the customers from the companies have been rapidly changing (Tanwar & Prasad, 2016). In this situation branding has become the debatable topic in the organizational development process. In order to generate the high revenue in the market branding please and essential role (Sharma, Davcik & Pillai, 2016). In order to avoid the uncertainty as well as confused regarding the organizational development branding can be considered as a strategic initiative adopted by the companiesfor ensuring its consistencyin the market. A well-known brand can also be considered as list risky for purchasing any kind of product from that particular band which in some extend influence the loyalty of the customers. Not only the physical asset but also branding plays an important role for increasing the eternal value of the company on customers mind. Based on different equity the market value of the company gets increased. By continuing this it can also be seen that based on the brand position in the market the temporary crisis can be handled and it also helps to restoring the confidence of the customers for a particular product (Sharma, Davcik & Pillai, 2016). The purpose of this research is to shed light on the importance of branding in the emerging business scenario and highlight its consequences in case of driving the positive impact on the business environment.
2.0 Problem statement Due to increasing competitiveness in the market branding has become one of the important strategic initiatives in the trade industry (Parveen, Jaafar & Ainin, 2016). In case of preventing new entrants in the market trending is being considered as the effective strategy to that can help to the strong market position as well as it can help to create strong rate on the competitors mind. Analyzing the current business environment it has been identified that organizational growth is highly depends on the branding initiatives adopted by the company. Not only the product or service but also the process for introducing or presenting it in the market has become important for ensuring the higher rate of profitability. It is also true that in order to drive that purchasing behavior the customers trending influencers the customer loyalty towards the particular service or product. It has been identified by due to lack of understanding regarding the importance of branding initiatives most of the cases the organization take the wrong decision and which brings the negative branding impact on the organizational performance (Hirvonen, Laukkanen & Salo, 2016). It is true that branding can bring the huge improvement in organizational operations but also it cannot be denied that due to negative branding initiatives the drastic impact on the growth process cannot be avoided. The purpose of this research is to highlight the interconnection between branding and organizational development process and highlighting this variables the future growth of the great industry can be ensured. 3.0 Aim and objectives The aim of the research is to highlight the importance of branding in terms of ensuring the higher value of an organization. The research will highlight different factors that drives the branding processes and identify its impact on the performance management process in an organization.
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Describing the challenges face by the companies while introducing the branding will also be highlighted in the research. Providing the measurable recommendations the research project will aim to provide the right direction for the companies in terms of sustaining in the competitive business environment. To identify the factors that influence the influence the branding process in the market To analyze the challenges that can be faced by the companies while implementing the branding initiatives Toevaluatethesignificantinterrelationshipbetweenbrandingandorganizational performance To analyze the measurable recommendations in case of dealing with the branding challenges. Research question What are the factors that influence the influence the branding process in the market? What are the challenges that can be faced by the companies while implementing the branding initiatives Whatisthesignificantinterrelationshipbetweenbrandingandorganizational performance Which are the measurable recommendations in case of dealing with the branding challenges? 4.0 Justification of the potential output of the research In order to conduct research the diverse articles will be reviewed by the author. In terms of introducingtheproblemsolvingabilitiescustomersatisfactionaswell asinnovationthe
importanceof branding will be highlight in thisresearch paper (Reijonen etal., 2015). Developingthesignificantcorrelationbetweenorganizationaldevelopmentsandbranding process the study will highlight the importance of brand values in terms of ensuring the sustainable position in the market. The research questions which have been mentioned will highlight the factors that influence the branding initiatives. Both the positive as well as negative impacts of branding process will be e described in this research paper. Analyzing the scope of this research for academic purposes it can be said that the research field open the scope for evaluating the changing market needs as well as consumption patterns of the customers. Based on the consumption Trends the companies will be develop an effective branding strategy for ensuring the long-term sustainability. 5.0 Conceptual framework and hypothesis development 5.1 Concept of branding In the current business scenario organizations have dragged their interest towards building the brand around their organizational model (Barreda et al., 2016). Through the branding process the organizations have decided to generate the constant bus the market why influencing the loyal following. Therefore it can be said that branding is being considered as a Process that involves in creating the unique name as well as image for a product on the customer's mind. Basically branding is been considered as advertising process in which the consistent theme can be shared with the customer. Through the branding the organization aims to establish an important and differentiated presence the Global trade industry so that it can easily attract the loyal customers (Reijonen et al., 2015). Brand is being symbolized based on the brand messaging which helps to develop its individual identity. With unique logo website design tagline and merchandise the brandingthemeisbeingdeveloped.Throughthebrandingprocessmemorableemotional
distinctive and simple image of the company is being developed on customers’ mind which plays an important role for enhancing the USB of the company. 5.2 Significance of branding Branding is being considered as the market strategy which is being used by the farmers in terms of differentiating their products from the similar offering companies. Building the strong appearance image and unique name of the product it becomes easier for the marketers to find the potential customers from the crowded Marketplace (Kaur & Syal, 2016). It is true that driving the shopping behavior of the customers in branding plays a significant role. Through the effective branding initiatives the companies can get the chance to differentiate its product or services from the market when the similar benefits and attributes are already being offered by the other companies. Branding strategies are being developed in the market for creating the band equity. In this process sharing the values the marketer strives to develop a strong brand personality with which the emotional needs of the customers can be fulfilled. Based on the adaptive nature of the customer the decision making process of them is being influenced (González-Mansilla, Berenguer-Contrí & Serra-Cantallops, 2019). In most of the cases branding helps to influence the habitable buying behavior. The people whose purchasing decision gets influence based on the family and friends reviews in that case branding tries to provide the standard purchasing experience to the customers so that they can work as a second voice of the brand. On the other hand, it is being considered as an important strategic option adopted by the companies in fridge the link between manufacturers and brand identity can be developed. Generating the well-defined branding strategy it becomes easier for the organizations to increase its appearance in the market.
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5.3 Factors influence the branding process Brand Quality By creating the distinctive values in the market the brand building process helps to understand the emotional as well as functional values of the customers. There are various factors which drive the brand building process. Branding quality is very important for or achieving the functional requirement of the customers (Kant & Jaiswal, 2017). Higher quality of brands get the chance to achieve greater market share as well as high profitability from the inferior Rivals. Before introducing any branding strategy in the market is very important for the company to understand, the quality requirement of the customer. In most of the cases based on the performance evaluation of the product the purchasing behavior of the customers gets influenced. Based on the performance parameter the quality of the brand is being categorized. Based on the quality of the product introduced by the brand the reliability of the customer gets influenced. Brand Positioning Brand Positioning involves in in establishing a clear differential advantage in the customer's mind. Creatingthe unique positionin the marketbrand getsopportunityfor developing communication with customers (Elsäßer & Wirtz, 2017). Therefore it can be said that based on the brand positioning process the customer relationship as well as functional needs of the customers get satisfied. Due to increasing opportunities in the Market Positioning has become an important influential factor that helps the brand for specifying its services for grabbing the attention of potential customers. In case of developing attractive as well as largest segment brand Positioning helps to satisfying the values of the customers by focusing on understanding their logical and emotional appeals.
Communication In case of shipping the customer perceptions the brand Positioning is being done. By projecting the brand personality awareness regarding the brand needs to be increased among the customers. Based on the sales promotion, sponsorship, Advertising and Public Relations campaign the well- balanced communication between the brand and the customers can be developed. The purpose of brand communication is to develop the attraction of the customers towards the brand. Based on the well balanced communication process with customers brand becomes the important part of customers’ life (Hajli et al., 2017). In that case emotional and physical attachment of the customers with the brand helps to ensure the long-term sustainability of the company in the market. On the other hand it is also true that based on the public relation campaigns the companies celebrate the contribution of customers towards helping to achieve the business goals. Long term perspective In case of generating awareness brand values and building the strong customer loyalty for the long term high level of brand investment is needed towards understanding the long term perspective of the customers. The strength of the brand is being measured depending on the strength of association between the customers and the brand (Elsäßer & Wirtz, 2017). It is true that it takes time for creating the code relationship between the brand and the customers but based on the establishment of trust and credibility as well as constant performance it becomes possible for the brand to who influenced the associated behavior of the customer towards the company. In case of developing the strong relationship with the customers the employees in the company are being trained in terms of increasing the Awareness of the brand in the market.
5.4 Challenges faced by the companies while implementing the branding strategies It is true that developing the branding strategy is very important for ensuring the sustainable growth in the company but it is also true that building the brand is a complex process. Due changing consumption trends of the customers’ needs and demands of the customers are rapidly changing. In this situation executing the exceptional ideas becomes challenging for the company. In order to bringthe brillianceideasin themarketthebrand buildingprocessbecome challenging for the company. In the current business scenario, Branding is being considered as the important strategic initiative adopted by the companies in case of developing strong ciust0omer base as well as gaining the high profit in the market. Due to changing socio economic standard, consumption trends as well as expectations of the customers from the companies have been rapidly changing (Tanwar & Prasad, 2016). In this situation branding has become the debatable topic in the organizational development process. Integrated communication marketing has become one of the important parts in current business scenario. Based on the Integrated Marketing Communication text it's not only the customer relationshipgetsimproved, butalso itplaysa dynamicrolein termsof increasingthe competitiveness of the company in the Global market. In such cases achieving the Integrated Marketing Communication becomes challenging for the brands as it influence the isolation and competitionratherthanfocusingoncommunicationandcooperation(González-Mansilla, Berenguer-Contrí & Serra-Cantallops, 2019). Before introducing the branding strategy in the market is very important for the organization to clarify The Vision and Mission statement of the company with the employees. In most of the cases due to lack of understanding regarding the values and beliefs of the company it become challenging for the company to build it a strong brand by involving the employees. it is true that
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brand is very important in case of bringing the attention of the customers who is a particular product or service (Reijonen et al., 2015). however it is also true that in the current business scenario increasing amount of controversial Marketing Communication practices maintaining the strong brand image has become quite difficult for the companies. Some of the cases the controversial branding strategies based on race, class, status and sex, the brand identity face the challenging situation. 5.5 Hypothesis development H1H0: Branding does not have impact on consumer behavior H1: Branding does have impact on consumer behavior H2H0: Branding brings the negative impact on organizational development H2: Branding brings the positive impact on organizational development H3H0: There is no significant correlation between branding communication and successful organization H3:Thereissignificantcorrelationbetweenbrandingandsuccessful organization H4:H0: Branding failure does not bring any impact on growth of the company H4: Branding failure does bring impact on growth of the company 6.0 Methodology 6.1 Research approach and data sources using the survey method the primary information will be collected while conducting the research. as a topic will cover the vast area in that case using the random sampling technique 200 customers will be selected randomly. Introducing a questionnaire the survey will be conducted on the customers. Conducting research in logical manner the descriptive research Design will be
selected by the researcher so that the research information can be described in detail manner. Using the existing theories and models the researcher will evaluate the research topic. In that case descriptive research approach will be selected in this research project. In case of analyzing the collected data quantitative research analysis technique will be followed. The research information which will be collected from participants will be transformed into the numerical form. Adding the tables, graphs and charts the presentation of the research information will be done in proper manner. 6.2 Proposed data collection and analysis technique Population Online survey will be conducted on the customers who frequently search for new products and brands in the market. Sampling In order to cover the large area of research, the random sampling technique will be used by the researcher in case of conducting the survey on 200 customers. Variables and analysis Developing the positive relationship between the branding and organizational development the research will focus on analyzing the emerging situation in the market. On the other hand, it can also be said that highlighting the importance of branding the research will identify the factors that drive the branding implications, which can help the others organizations to manage future branding strategies in proper manner.
6.3 Organization of the study Chapter 1: Introduction will highlight the aims and objectives of the research by highlighting the emerging problems. Chapter 2 literature review will develop the interrelationship between the research variables. Chapter 3: Research methodology. In this chapter the research methods, which will be used by the researcher for conducting the research will be focused. Chapter 4: In this chapter the collected information will be presented. Chapter 5 indicates the data analysis process, in which the presented information will be analyzed. Chapter 6: Conclusion and recommendation, in which the final outcomes of the research will be highlighted and further scope of the research paper will be discussed. 6.4 Budget, project activities and Gantt chart PurposeEstimated amount Literature review$2000 Data collection$1500 Data analysis$1500 Total Budget Estimated$5000 Project activities and schedules
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7.0 Reference list and bibliography Barreda, A. A., Bilgihan, A., Nusair, K., & Okumus, F. (2016). Online branding: Development of hotel branding through interactivity theory.Tourism Management,57, 180-192. Bilgihan, A. (2016). Gen Y customer loyalty in online shopping: An integrated model of trust, user experience and branding.Computers in Human Behavior,61, 103-113. Elsäßer, M., & Wirtz, B. W. (2017). Rational and emotional factors of customer satisfaction and brandloyaltyinabusiness-to-businesssetting.JournalofBusiness&Industrial Marketing,32(1), 138-152. Fulgoni, G. M. (2015). How Brands Using Social Media Ignite Marketing and Drive Growth: Measurement of Paid Social Media Appears Solid But Are the Metrics for Organic Social Overstated?.Journal of Advertising Research,55(3), 232-236. González-Mansilla, Ó., Berenguer-Contrí, G., & Serra-Cantallops, A. (2019). The impact of valueco-creationonhotelbrandequityandcustomersatisfaction.Tourism Management,75, 51-65. Hajli, N., Shanmugam, M., Papagiannidis, S., Zahay, D., & Richard, M. O. (2017). Branding co- creation with members of online brand communities.Journal of Business Research,70, 136-144. Hirvonen, S., Laukkanen, T., & Salo, J. (2016). Does brand orientation help B2B SMEs in gaining business growth?.Journal of Business & Industrial Marketing,31(4), 472-487.
Kant, R., & Jaiswal, D. (2017). The impact of perceived service quality dimensions on customer satisfaction: an empirical study on public sector banks in India.International Journal of Bank Marketing,35(3), 411-430. Kaur, J., & Syal, G. (2016). Determinative impact of employer attractiveness dimensions of employer branding on employee satisfaction in the banking industry in India.Business Analyst,37(2), 129-144. Parveen,F., Jaafar,N. I.,& Ainin,S.(2016). Socialmedia’simpacton organizational performanceandentrepreneurialorientationinorganizations.Management Decision,54(9), 2208-2234. Reijonen, H., Hirvonen, S., Nagy, G., Laukkanen, T., & Gabrielsson, M. (2015). The impact of entrepreneurialorientationonB2Bbrandingandbusinessgrowthinemerging markets.Industrial Marketing Management,51, 35-46. Reijonen, H., Hirvonen, S., Nagy, G., Laukkanen, T., & Gabrielsson, M. (2015). The impact of entrepreneurialorientationonB2Bbrandingandbusinessgrowthinemerging markets.Industrial Marketing Management,51, 35-46. Sharma, P., Davcik, N. S., & Pillai, K. G. (2016). Product innovation as a mediator in the impact of R&D expenditure and brand equity on marketing performance.Journal of Business Research,69(12), 5662-5669. Sharma, P., Davcik, N. S., & Pillai, K. G. (2016). Product innovation as a mediator in the impact of R&D expenditure and brand equity on marketing performance.Journal of Business Research,69(12), 5662-5669.
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Tanwar, K., & Prasad, A. (2016). Exploring the relationship between employer branding and employee retention.Global Business Review,17(3_suppl), 186S-206S.