This research aims to identify and evaluate the impact of social media marketing on brand loyalty of Australian organization. Find out the beneficial effects of social media marketing on brand loyalty of Australian organization and how social media marketing adversely affects the brand loyalty of an organization.
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Running head: RESEARCH IN BUSINESS Research in business Name of the Student Name of the University Author note
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1RESEARCH IN BUSINESS 1.Title of the project: Effect of social media on brand loyalty 2.Problem statement: For a prolonged period of time, developing and sustaining brand loyalty are two of the highly crucial factors of market research (Erdoğmuş & Cicek, 2014). Market research utilizes various tools to monitor and maintain the brand loyalty in the market segment. With the emergence of internet, social media marketing have huge popularity as a mean to maintain brand loyalty of the consumers (Laroche, Habibi & Richard, 2013). Marketers are found to invest a huge amount of time as well as money on social media sites in order to develop and maintain brand loyalty (Balakrishnan, Dahnil and Yi, 2014). However, according to a good number of researchers, marketing through social media has the potential to adversely affect the brand loyalty of the consumers (Hollebeek, Glynn & Brodie, 2014). The purpose of the report is to find out the degree to which social media marketing is viable for enhancing and maintaining the brand loyalty of the organizations in Australia. 3.Research aim and objectives The chief aim of the research is to identify and evaluate the impact of social media marketing on brand loyalty of Australian organization. The research objectives are as follows: To find out the beneficial effects of social media marketing on brand loyalty of Australian organization To discover out how social media marketing adversely affects the brand loyalty of an organization. To provide effective recommendation for eradicating the negative effect of social media marketing on brand equity
2RESEARCH IN BUSINESS 4.Methodology Data collection In order to conduct an in-depth research on the impact of social media marketing on brand loyalty, both primary as well as secondary data will be collected. For primary data, a open- ended interview with a selected group of sample will be conducted (Taylor, Bogdan & DeVault, 2015). A set of 5 questionnaires will be developed by the author in order to conduct the open- ended interview. For secondary data, 10 scholarly articles relevant to the research topic will be selected. Collecting both primary as well as secondary data will ensure more understanding of the research issue. Sample selection For sample selection of primary data, non-probability sampling is used.Non-probability samplingemphasizes thesamplingmethod where thesamplesare gathered in a process that does not provide all the individuals equal opportunity to be selected (Lewis, 2015). Managers of 5 well-reputed organizations of Australia will be selected for primary data collection. Data analysis For analyzing the collected data, qualitative data analysis method will be conducted. Unlike the quantitative analysis method, qualitative analysis will enable the researcher to gain an in depth understanding of underlying reasons, motivations and opinions (Silverman, 2016). Ethical consideration While conducting the research, the author will ensure that no falsification or fabrication of data has taken place throughout the research. Secondly, the identity of the samples and the
3RESEARCH IN BUSINESS organization will be kept confidential (Mills & Birks, 2014). Ethical behavior will be maintained for cooperative work because it persuades an environment of faith, responsibility, and mutual respect among researchers. This is especially crucial in issues like data sharing, co-authorship, confidentiality and copy right guidelines. Gantt chart 1-2 months 2-3 months 2-3 months 2-3 months2-3 months 2-3 months 2-3 months 2-3 months Identification ofthe research area Formulation ofthe research questions Selectionof sample Conducting data collection Literature review Data analysis Writingthe first draft
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4RESEARCH IN BUSINESS Writingthe final draft Expected outcome Considering the fact that social media marketing is one of the most popular and used methods for enhancing consumer base as well as brand loyalty, it is expected that social media does impose positive impact on brand loyalty of Australian organizations. Moreover, with the help of this research, it is expected that the researcher will be able to understand the demerits of social media marketing and provide effective recommendation to eradicate the mentioned issue.
5RESEARCH IN BUSINESS Reference list Balakrishnan, B. K., Dahnil, M. I., & Yi, W. J. (2014). The impact of social media marketing medium toward purchase intention and brand loyalty among generation Y.Procedia- Social and Behavioral Sciences,148, 177-185. Erdoğmuş, İ. E., & Cicek, M. (2014). The impact of social media marketingon brand loyalty.Procedia-Social and Behavioral Sciences,58, 1353-1360. Hollebeek, L. D., Glynn, M. S., & Brodie, R. J. (2014). Consumer brand engagement in social media:Conceptualization,scaledevelopmentandvalidation.Journalofinteractive marketing,28(2), 149-165. Laroche, M., Habibi, M. R., & Richard, M. O. (2013). To be or not to be in social media: How brandloyaltyisaffectedbysocialmedia?.InternationalJournalofInformation Management,33(1), 76-82. Lewis,S.(2015).Qualitativeinquiryandresearchdesign:Choosingamongfive approaches.Health promotion practice,16(4), 473-475. Mills, J., & Birks, M. (2014).Qualitative methodology: A practical guide. Sage. Silverman, D. (Ed.). (2016).Qualitative research. Sage. Taylor, S. J., Bogdan, R., & DeVault, M. (2015).Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons. Bibliography
6RESEARCH IN BUSINESS Ashley, C., & Tuten, T. (2015). Creative strategies in social media marketing: An exploratory studyofbrandedsocialcontentandconsumerengagement.Psychology& Marketing,32(1), 15-27. Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R., & Singh, R. (2016). Social media marketing efforts of luxury brands: Influence on brand equity and consumer behavior.Journal of business research,69(12), 5833-5841. Habibi, M. R., Laroche, M., & Richard, M. O. (2014). The roles of brand community and community engagement in building brand trust on social media.Computers in Human Behavior,37, 152-161. Hudson, S., Roth, M. S., Madden, T. J., & Hudson, R. (2015). The effects of social media on emotions, brand relationship quality, and word of mouth: An empirical study of music festival attendees.Tourism Management,47, 68-76. Labrecque, L. I. (2014). Fostering consumer–brand relationships in social media environments: The role of parasocial interaction.Journal of Interactive Marketing,28(2), 134-148. Tsimonis, G., & Dimitriadis, S. (2014). Brand strategies in social media.Marketing Intelligence & Planning,32(3), 328-344.