Building strong brand equity as a strategy is necessary to compete for higher position. Competitive brand equity should be executed as marketing communication that consumers builds knowledge about brand through their recognition.
The subjects of this ...
Building strong brand equity as a strategy is necessary to compete for higher position. Competitive brand equity should be executed as marketing communication that consumers builds knowledge about brand through their recognition.
The subjects of this study are foodservice business: family restaurant, fast food restaurant, pizza restaurant. The questionnaire data of this research are gathered by customers who have visited the restaurant for 3months. 624 customers completed the questionnaire form.
The purpose of this study is to analyse which marketing communication -advertising, publicity, sales promotion, word of mouth, physical environment- influences on the components of brand equity-brand awareness, brand image and brand loyalty.
For the empirical research, data were processed by reliability test, exploratory factor analysis and confirmatory factor analysis to ensure the reliability and the validity of this study and SPSS Win 12.0 and AMOS 5.0 are used to test the fitness for theory model and hypothesis.
The results of this study can be as follows:
First, advertising, publicity, word of mouth and physical environment are the influential factors of brand equity on brand awareness in positive way. sales promotion don't have influence over brand awareness.
Second, sales promotion, word of mouth and physical environment are the influential factors of brand equity on brand image in positive way. advertising and publicity don't have influence over brand image. Especially, the influencing power of a world of mouth and physical environment are much more than those of any other factors.
Third, brand awareness haven't significant influence on brand loyalty. but brand image have significant influence on brand loyalty. in addition, brand awareness among the components of brand equity have influence upon brands image. also this study investigated the direct effect, indirect effect and total effect of the influential factors of brand loyalty. in result, brand awareness have indirect effect through brand image.
In conclusion, this study provides a strategy framework of marketing communication to manage brand effectively for foodservice industry.
It reveals that word of mouth and a physical environment in the foodservice business affect brand equity considerably. Also, sales promotion is an important factor of affecting brand equity. Therefore, an effective strategy is required to manage brand by appropriate sales promotion.
However, advertisement that is an important factor as brand equity affects improvement of brand recognition a lot in the foodservice business, but advertisement does not have any influence on brand image and brand loyalty. Therefore, reconsideration about advertisement as a marketing tool in the foodservice industry is necessary.