Table of Contents Abstract............................................................................................................................................3 Introduction......................................................................................................................................4 Background......................................................................................................................................4 Research Question, Research Aim & Objectives............................................................................4 Literature Review............................................................................................................................5 Research Design & Methodology....................................................................................................7 Data collection methods..................................................................................................................7 Sampling method.............................................................................................................................8 Data analysis methods.....................................................................................................................8 Findings & Analysis........................................................................................................................8 Discussion......................................................................................................................................10 Conclusion & Recommendation....................................................................................................11 Limitations & Suggestions for further research.............................................................................11 References......................................................................................................................................12 Appendix........................................................................................................................................13 2
Abstract In the current research paper there will be evaluated over the impact which Pop Culture has had on the Millennial or Generation Y. The expanding utilization of online networking has turned into a critical piece of this popular culture to which the youthful age are seen to be peaceful related with it. Hence mulling over of these parts of the popular culture the association have proceeded onward to build up their marking techniques dependent on it. Market examiner trusts that with the teaching of the pop social perspectives into the marking of the items and administrations have come about to expanding the buy of the youthful ages at a huge scale. The focal point of marking presently rotates around the buy basic leadership of the millennial that are exceptionally impacted by the popular culture and its related perspectives. 3
Introduction Background With changing market trends the organizations of varying industrial sectors have inclined towards attaining a comprehensive understanding regarding the diverse factors that could affect theirrespectivebrandingtechniquesaswellasinfluencethepurchasebehaviourofthe consumers prominently. Among all the factors the pop culture has developed as one of the uniquesaspectsthathaveobservedtohaveasignificantimpactononeofthemajor demographics of the customer segment that are the millennials. The increasing use of social media has become a significant part of this pop culture to which the young generation are observed to be quiet associated with it. Therefore taking into consideration of these aspects of the pop culture the organization have moved on to develop their branding strategies based on it. Market analyst believes that with the inculcation of the pop cultural aspects into the branding of the products and services have resulted to increasing the purchase of the young generations at a large scale (Iwabuchi, 2015). The focus of branding now revolves around the purchase decision making of the millennia’s that are highly influenced by the pop culture and its related aspects. Pop culture in the recent few years have caused significant influence on the buying behaviour patterns of the young consumers Research Question, Research Aim & Objectives For the conduction of an effective study in a concise manner it is significantly important to at first determines the research studies aim, objectives and questions based upon which the critical analysis would be carried out in a concrete manner. The major research questions for this study are as follows: RQ1: What kind of influential impact the concept of pop culture and its related aspects have on the branding techniques and strategies? RQ2: In what ways the young generations purchase behavior is affected by the diversifying aspects of pop culture? The aim of this concerned study is to execute an in depth evaluation of effects of pol culture on the branding and purchase behaviour of the millenials. With this as the major aim of the research 4
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study the following the essential objectives of the study that are required to achieve 4d fior the successful execution procedure. The objectives are as follows: ●To subjectively understand the role of pop culture in creating an impact on the branding like marketing functions of an organisation ●To determine the the interrelationship between the concept of pop culture and effects of it on the purchase decision making of consumers like generation Y ●To conduct an in depth analysis on the buying decision making aspects of especially the young adult generations taking into consideration of the influence of pop culture Literature Review In this modern market and social trend it is quite obedient that the consumers and peoples live in this era has different taste and choices. Not only that it is also to be mentioned that with the ever changing business sector slants the associations of fluctuating mechanical parts that have slanted towards achieving a far reaching understanding in regards with different factors. In this context it is also to be added that the present factors could influence their particular marking strategies which provides crucial impact on the buy conduct of the customers unmistakably. Among every one of the components the popular culture has created as one of the unique viewpoints that have seen to be significantly affecting one of the real socioeconomics of the client section that are almost over 25 years old. The expanding utilization of internet based life has turned into a critical piece of this popular culture which is the youthful age and can be soundly and affectively related with it. Hence putting over of these parts of the popular culture the association and organisations in the international market have proceeded onward to build up their own marking methodologies that are mostly dependent on the factors. It is also observed that the market examiner those are operating in the international market trusts that with the teaching of the pop social angles into the marking of the items and administrations have come about to expanding the buy of the youthful ages at a vast scale. The focal point of marking presently spins around the buy basic leadership of the millenials that are very impacted by the popular culture and its related viewpoints. Popular culture in the ongoing couple of years have caused huge effect on the purchasing standards of conduct of the youthful customers (Danesi, 2018). The modern generation of customers which are mainly influenced and impacted with the trending styles and fashion sense of the western market it is observe that the modern customers 5
and peoples mostly prefers those outfits. However with the social branding and advertisement of different cultural appearances along with ethnic occasions the modern market has also been adapting different cultures and outfits and appearances in the latest years. The pop culture in the modern trends includes various trends which includes the combination of western and eastern cultures and outfits which has been greatly admired and adopted by the customers. Thus it can be stated that in order gain the returns from the market in the modern years it is important for the associations to adopt the trends and preferences of the customers in the market. These would impact largely in the organisational profits if the companies does not adopt proper trends and flexibility in accordance with the market changes. In order to get detailed understandings of the factors that are operating in the market factors that are required for the adoption of the pop cultural changes in the market several researchers has been done in the recent years. The factors and aspects the society has been adapting over the years has been thoroughly observed and has been identified with several sections that are affecting the choices of the market customers in the market. These points are discussed as follows 1.Millennials wants most satisfaction from their purchased goods According to the provided research information it is observed that the modern generation customers have tendency to consume most of the satisfactions regarding the purchases and consumptions of their purchased goods and services. In this context it is to be added that the satisfaction from the purchased goods and services are mostly observed by the customers in accordance with the expanding utilization of internet based life has turned into a critical piece of this popular culture which is the youthful age and can be soundly and affectively related with it. Hence putting over of these parts of the popular culture the association and organisations in the international market have proceeded onward to build up their own marking methodologies that are mostly dependent on the factors. It is also observed that the market examiner those are operating in the international market trusts that with the teaching of the pop social angles into the marking of the items and administrations have come about to expanding the buy of the youthful ages in accordance with large numbers. Thus it is to be added that the satisfaction level on the consumer goods and services are mostly important for the deciding of the purchasable goods and services for the customers (Whang, Yong and Ko, 2016). In order to gain proper satisfaction customers go through several websites and blogs along with researches made on the products and 6
services in order to get the reviews and satisfaction level of the customers who used it before hand. Thus generation of customer satisfaction is crucial for the culture. 2.Millennials prefers value on experience As discussed early customers derives most of the generatable satisfaction from the purchasing the customers seeks real experiences of the consumers of the past in order to get the satisfaction of their choices during the year. In this context it is to be added that the satisfaction from the purchased goods and services are mostly observed by the customers in accordance with the expanding utilization of internet based life has turned into a critical piece of this popular culture which is the youthful age and can be soundly and affectively related with it. Sharing and gathering experiences from the researches made on the products the customers get most of their decision making ideas for the services. 3.Millennials seeks relevance with their purchases Relevance for the services and productsare often seeked by the customers on the modern market as their wants to be absolutely satisfied with their decision and recommendations of their choices regarding the purchasing of the products and services. Not only that the identification of the relevant product in accordance with their requirements and needs the customers gathers value points and relevance of their purchases (Wheeler, 2017). Research Design & Methodology The study has a specific set of aims and objectives. Therefore based upon that the descriptive research design has been one of the most advantageous design among all the three major types of research design. With the help of the descriptive research design the researcher has been able to collect the relevant information about the study. Moreover in the opinion ofVallas and Cummins (2015) the descriptive research design has consequently turned out aid in consolidating the both the positive and negative perspectives about the topic of interest. In addition to this with the help of the descriptive research design the researcher has been able to collect huge volume of relevant data from a determined set of population. Data collection methods The researcher collects relevant amount of data by the help of primary data collection method. Under the primary research data collection methodology the researcher has used the qualitative approach in order to execute the in depth analysis about the topic of interest. Enriched amount of 7
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data would be collected by the help of concrete interview sessions. The qualitative data allows the researchers to meet the respondents and study their facial expression in response to the questions asked in relevance to the research study. The interview sessions would be executed by the help of effective research instruments like semi structured questionnaires. Two sets of questionnaireswillbedevelopedtakingintoconsiderationthemajorresearchaimsand objectives of the study,. The interviews were designed to be a one to one personal conversations in which the respondents would answer to the predefined questions. Sampling method Probability and non probability are the two major types of sampling methods that are coviently being used by the researchers to determine the procedure related to selection of sample respondentsforthestudy.Forcollectingtheinformationbythehelpofinterviewsthe researchers used the non probability convenient sampling technique. By the help of this methodological approach for the sampling aspect of the study, the researcher has been able to determine a fixed set of 15 respondents as the major sample population of this study (Holt, 2016). The 15 respondents included 5 marketers, 5 young adult consumers and 5 generation Y consumers or millenials. However an overall of 3 marketers and 3 young adults and millennials have been considered for the interview (Blue and Kearney, 2018). Data analysis methods With the objective of evaluating the qualitative data that has been collected from the one to one interview sessions, the researcher critically evaluates it by the help of assessing the different perspectives.the data will be analysed by the help of qualitative data analysis. With the help of this concerned analytical approach the collected data would be evaluated in a concrete fashion. The data analysis methods appropriate selection is significantly important for the effective and successful execution of the study. With the appropriate analysis of the study the prospects of the topic of interest could be prominently determined which has eventually turned out to be conveniently for the researcher to reach the attainment of the major aim and objectives. In addition to this the data analysis methods would answer the raised research questions as well (Brown, 2016). 8
Findings & Analysis Qualitative data Interpretations would be carried out in this segment of the study A. Carrying out interview with marketers for their response Q1: How has the concept of branding evolved with the incorporation of the “pop culture” like aspects? Marketer 1:”I feel that over the years there have been significant changes in the strategies related to branding especially when there was introduction to the pop culture” Marketer 2: “ In my opinion the concept of pop culture has brought into new dimensions of branding strategies which have turned out to profitable for the companies of different” Marketer 3: “The pop culture I presume has turned out to cause a subjective as well objective approach towards branding of products and services” Q2: Do you think that the purchase decision patterns have been significantly influenced by the concept of “pop culture”? Marketer 1: “ Oh, yes indeed the purchase decisions of the consumers has been changed and influenced by the introduction of the pop culture as it has shed light into unexplored regions of buying decision making” Marketer 2: “In my perspective the consumers are more included to stating their purchase decision in which they find the current market trends are invested into of which pop culture is an important component” Marketer 3:” Pop culture and its related aspects have helped in engraving understanding the diversifying strategies that could be used for improving the branding and significant improving the buying behavior of the consumers to a large extent Q3: What kind of relationship lies between the effects of pop culture, the functions, and other related aspects of branding? Marketer 1:” There lies an intricate relationship between branding and the effects of pop culture as it causes the strategist to develop the plan based on its foundational basis” Marketer 2:“In my opinion I feel that branding largely depends on the external factors of which pop culture is a vital part” Marketer 3:” Pop cultures provide the strategist the option to create innovative ways for branding their products and services and attract consumers which explains the relationship between the both” 9
B. Carrying out Interview with Young adults consumers and Generation Y consumers Q1: What are the driving aspects of the pop culture that influence your buying decisions? Young Adult consumer 1: “I think social media, e commerce, changing lifestyle trends towards modern elements are some of the core driving factors that influence the purchase decisions” Millennial 1: “In my view point it is the approach of ours towards trending aspects which an important part of pop culture influences the buying decision behavior” Q2: To what extent do you tend to adapt to the pop cultural aspects while undertaking a purchase decision? Millennial 2: “Almost at every point I feel that purchase decision are undertaken the adaptive approach of pop culture” Young Adult consumer 2: “ I feel that prominently at all stage of the overall buying decision making procedure the concept of pop culture is evidently present” Q3: Why do you think your purchase decisions have been significant influenced by the pop culture? Millennial 3: “Yes indeed the pop culture influence the purchase decision” Young Adult consumer 3: “Definitely, I feel that buying decisions are under the impact of pop culture Discussion As for the descriptive section of the study it is important for the researcher to incorporate the questionnaires and the responses of the customers in order to provide the discussions. The research provides that the factor establishment between the pop culture and purchasing of the services of the modern customers. In this context it evident to mention that the market examiner operating in the international market trusts that with the teaching of the pop social angles into the marking of the items and administrations have come about to expanding the buy of the youthful ages at a vast scale. The number of respondents that are obliged with the socialisation and utilization of the products and services have provided effective information that have made several commanding stages of the marketing. The commanding point of marking presently spins around the buy basic leadership of the millennial that are very impacted by the popular culture and its related viewpoints. Popular culture in the ongoing couple of years has caused huge effect on the purchasing standards of conduct of the youthful customers. In this context it is also to be 10
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include that the generation of detailed understandings of the factors that are operating in the market factors that are required for the adoption of the pop cultural changes in the market several researchers has been done in the recent years. Incorporation of the cultural aspects and factors that are to be obliged in order to get the trends and preferences of the market are also important.The factors and aspects the society has been adapting over the years has been thoroughly observed and has been identified with several sections that are affecting the choices of the market customers (Seaton, Yamamura and Beeton, 2016). Conclusion & Recommendation In this study a detailed research has been provided in regards with the with the affect and changes of the market trends and demands in accordance with the pop culture recent years. Not only the research provides detailed and descriptive information regarding the cultural and social kinks that are highly operating in the market but also the factors and aspects that the customers mainly prefers. Hence it can be concluded that the by taking into consideration all the involved aspects of the pop culture the organisation have moved on to develop their branding strategies based on it. The establishment of the link between the preferences and trends along with the pop cultures have been done adequately in the recent years. The operative market analyst believe that with the inculcation of the pop cultural aspects into the branding of the products and services have resulted to increasing the purchase of the young generations multiple times (Ashworth & Kavaratzis, 2016). It is to be recommended that the adoption and implication of the methods and factors specifically established for the pop cultures and modern market trends are important. For the flexible and profitable enhancement of the company operations the authorised persons has to maintain close observation n the aspects and factors that drives the changes in respect of the pop cultures and thus the organisational structures are to be modified in such manner that adapts to the changes. Limitations & Suggestions for further research As the research was Academic, research one of the biggest limitations where time boundaries due to which quality of data recorded may be affected although the research has tried to maintain the quality of the research. One of the other limitation was the sample size of the interview as there was low time low sample was kept to make its effective and ensure rapid actions and this may limit the knowledge in regards of the subjected topic. 11
References Ashworth, G. and Kavaratzis, M., 2016. Cities of culture and culture in cities: The emerging uses of culture in city branding.Emergent Urbanism: Urban Planning & Design in Times of Structural and Systemic Change, pp.73-79. Blue, M.G. and Kearney, M.C. eds., 2018.Mediated girlhoods: new explorations of girls' media culture. Peter Lang Incorporated, International Academic Publishers. Brown, S., 2016. Postmodernmarketing:deadand buriedor aliveand kicking?.InThe Marketing Book(pp. 43-58). Routledge. Danesi, M., 2018.Popular culture: Introductory perspectives. Rowman & Littlefield. Holt, D., 2016. Branding in the age of social media.Harvard business review,94(3), pp.40-50. Iwabuchi, K., 2015. Pop-culture diplomacy in Japan: soft power, nation branding and the question of ‘international cultural exchange’.International Journal of Cultural Policy,21(4), pp.419-432. Seaton, P., Yamamura, T. and Beeton, S., 2016. The mediatisation of culture: Japanese contents tourism and pop culture. InMediating the tourist experience(pp. 157-172). Routledge. Vallas, S.P. and Cummins, E.R., 2015. Personal branding and identity norms in the popular business press: Enterprise culture in an age of precarity.Organization Studies,36(3), pp.293- 319. Whang, H., Yong, S. and Ko, E., 2016. Pop culture, destination images, and visit intentions: Theory and research on travel motivations of Chinese and Russian tourists.Journal of Business Research,69(2), pp.631-641. Wheeler, A., 2017.Designing brand identity: an essential guide for the whole branding team. John Wiley & Sons. 12
Appendix Q1: How has the concept of branding evolved with the incorporation of the “pop culture” like aspects? Marketer 1:”I feel that over the years there have been significant changes in the strategies related to branding especially when there was introduction to the pop culture” Marketer 2: “ In my opinion the concept of pop culture has brought into new dimensions of branding strategies which have turned out to profitable for the companies of different” Marketer 3: “The pop culture I presume has turned out to cause a subjective as well objective approach towards branding of products and services” Q2: Do you think that the purchase decision patterns have been significantly influenced by the concept of “pop culture”? Marketer 1: “ Oh, yes indeed the purchase decisions of the consumers has been changed and influenced by the introduction of the pop culture as it has shed light into unexplored regions of buying decision making” Marketer 2: “In my perspective the consumers are more included to stating their purchase decision in which they find the current market trends are invested into of which pop culture is an important component” Marketer 3:” Pop culture and its related aspects have helped in engraving understanding the diversifyingstrategiesthatcouldbeusedforimprovingthebrandingandsignificant improving the buying behavior of the consumers to a large extent Q3: What kind of relationship lies between the effects of pop culture, the functions, and other related aspects of branding? Marketer 1:” There lies an intricate relationship between branding and the effects of pop culture as it causes the strategist to develop the plan based on its foundational basis” 13
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Marketer 2:“In my opinion I feel that branding largely depends on the external factors of which pop culture is a vital part” Marketer 3:” Pop cultures provide the strategist the option to create innovative ways for branding their products and services and attract consumers which explains the relationship between the both” Q1: What are the driving aspects of the pop culture that influence your buying decisions? Young Adult consumer 1: “I think social media, e commerce, changing lifestyle trends towards modern elements are some of the core driving factors that influence the purchase decisions” Millennial 1: “In my view point it is the approach of ours towards trending aspects which an important part of pop culture influences the buying decision behavior” Q2: To what extent do you tend to adapt to the pop cultural aspects while undertaking a purchase decision? Millennial 2: “Almost at every point I feel that purchase decision are undertaken the adaptive approach of pop culture” Young Adult consumer 2: “ I feel that prominently at all stage of the overall buying decision making procedure the concept of pop culture is evidently present” Q3: Why do you think your purchase decisions have been significant influenced by the pop culture? Millennial 3: “Yes indeed the pop culture influence the purchase decision” Young Adult consumer 3: “Definitely, I feel that buying decisions are under the impact of pop culture 14