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AN INVESTIGATION OF ADVERTISING APPEALS’
IMPACT ON BRAND ATTITUDE, PURCHASE
INTENTION
AND CLAIM RECALL IN FINANCIAL
INSTITUTIONS
Thesis Research Presentation
Group Members:
Asad Abbas Askari
Jaffer Ali
Sakina Haider
Shoheera Rasool
Thesis Supervisor:
Sir Zohaib Sufiyan
Background
2
 Advertising has become an essential tool in
marketing and promoting financial services
 As services are intangible in nature, marketing
them has always been a challenge
 There have been a number of researches
conducted to understand the influence of
advertising appeals on consumers particularly
in low involvement product categories
2
Background
3
 ADVERTISING APPEALS: Advertising appeal can be
defined as a marketing technique that is aimed at
influencing the way consumers view themselves
 MEMORY PERFORMANCE:
The act or fact of retaining and recalling impressions, fa
cts.
 CLAIMS RECALL: Advertising claims made about the
benefits, characteristics and/or performance of a
product or service designed to persuade the customer
to make a purchase. The ability of participants to recall
these advertising claims
 PURCHASE INTENTION: A plan to purchase a particular
good or service in the future
 ATTITUDE TOWARDS BRAND: The consensus attitude of
potential consumers toward a product
4
Appeals
Memory
Performance
Claims Recall
Purchase
Intention
Brand
Attitude/Image
According to: Patti William’s, (2000), The Impact of Emotional
Advertising Appeals on consumer Implicit and Explicit memory: an
Accessibility/ Diagnosticity Perspective
Theoretical Framework
Patti William’s, (2000)
Research Objectives
5
 To test the relationship of advertising appeals with memory
performance in financial institutions
 To identify the effect of memory performance on attitude
towards the brand in financial institutions
 To test the effect of memory performance on purchase
intention in financial institutions
 To test the effect of advertising appeals on claims recall in
financial institutions
Problem Statement
6
To examine which advertising
appeals are more effective in
increasing claim recall, purchase
intention and brand attitude in
financial institutions
Research Methodology
7
 Research Type: Qualitative
 Sampling Method: Convenient Sampling
 Sample size : 384
 Target Audience:
Age Bracket: 25 – 35 years
Primary Source
• Focus Groups
• Structured
Questionnaires
Secondary Source
• Journals
• Online articles
• Books
7
Validity Testing
8
 Chron Bach Alpha: 0.79
DATA ANALYSIS
10
15%
50%
23%
7% 5%
Emotional Ads
Unnoticable Slightly memorable
Memorable Very Memorable
11
0%
5%
46%40%
9%
Informative ads
Unnoticable Slightly memorable Memorable
Very Memorable Unforgetable
12
HBL
59%
UBL
0%
Bank Al Habib
5%
Bank Al Falah
12%
Faysal Bank
9%
NBP
2%
EFU
3% Jubilee
10%
Top of Mind Financial Institution
HBL UBL Bank Al Habib Bank Al Falah
Faysal Bank NBP EFU Jubilee
13
3%
12%
49%
22%
14%
Fincancial Services ads
influentialNot at all Influential Slightly Influential
Neutral Very Influential
Extremely Influential
14
11%
36%
43%
10%
0%
Purchase Intention
Not At All Influential Slightly influential
Neutral Very Influential
Extremly influential
15
10%
33%
48%
9%
0%
Brand Image/Preception
Extremely unlikely Unlikely
neutral Likely
Extremely Likely
16
Conclusion
17
 Rational or informative appeal works better and is more
preferred by a majority of the respondents compared to
emotional appeal
 Male respondents preferred statistical data (Interest rate
etc.)
 Female respondents were more influenced by emotional
appeal
 HBL had the highest rating and recall because of the Mr.
Bean theme but not because of the services which were
being provided
 Memory performance and purchase intention have a
negative relationship
 Memory performance had a positive relationship with brand
Recommendations
18
 Marketing of financial services is undoubtedly very
important in today’s world, hence financial institution
should carry on with this marketing activity for
awareness and TOM recall
 Also, marketers need to focus more on the service
offering than on the storyline of the advertisement as
most of the time the actual service offering is distorted in
the advertisement.
 The use of seasonal appeal is a good way of creating
awareness about the service offerings, such as student
loans during the admission timings, car loans etc.
Area of further study
19
 In this study researchers can focus on appeals
depending on genders specifically males or females.
 Since banking services are high involvement products,
marketers can focus on any other high involvement
product category and the appeals that are working more
for them in attracting consumers.
 The research can further be tested not only on bank
account or insurance policy holders, but also to those
individuals who are exposed to television commercials.
 The study can also be carried out by top 10 financial
institutions of Pakistan in order to get more accurate
results.
Limitations
20
• Time constraints
• Budget constraints
• Amateur researchers
References
21
 Adaval, Rashmi and Robert S. Wyer, Jr. (1988), ―The Role of Narratives in Consumer Information Processing,‖ Journal of
Consumer Psychology, 7 (3), 207–245.
 Adkinson, Janice E. and Michael B. Mazis (1976), “An Experimental Evaluation of a Proposed Corrective Advertising
Remedy,” Journal of Marketing Research, 13 (May), 178-183.
 Alden, Dana L., Jan-Benedict E. M. Steenkamp, and Rajeev Batra (1999), ―Brand Positioning Through Advertising in Asia,
North America, and Europe: The Role of Global Consumer Culture,‖ Journal of Marketing, 63 (1), 75–87.
 Alonge, O. K., Narendran, S., & Williamson, D. D. (2001). Prevalence of fractured incisal teeth among children in Harris
County, Texas.Dental traumatology, 17(5), 214-217.
 Anderson, Craig A. (1983), “Abstract and Concrete Data in the Perseverance of Social Theories: When Weak Data Lead to
Unshakable Beliefs,” Journal of Experimental Social Psychology, 19, 93-108.
 Andriole, S.J. (2010), “Business impact of Web 2.0 technologies”, Communications of the ACM, Vol. 53 No. 12, pp. 67-79.
 Argyriou, E., Melewar, T.C. and Meadows, M. (2005), “A relationship marketing perspective in electronic banking: evidence
from Greece”, Journal of Euromarketing, Vol. 15 No. 1, pp. 47-73.
 Baker T.L. (1999), “Doing Social Research”, 3rd Edition. McGraw Hill, Boston.
 Barbesino, P., Camerani, R. and Gaudino, A. (2005), “Digital finance in Europe: a competitive dynamics and online
behavior”, Journal of Financial Services Marketing, Vol. 9 No. 4, pp. 329-43.
 Stewart, David W. and Ingrid M. Martin (2004), ―Advertising Disclosures: Clear and Conspicuous or Understood and
Used?,‖ Journal of Public Policy & Marketing, 23(2),183–192.
 Subramanian, B. and Ghose, S. (2003), “Reciprocal spillover effects: a strategic benefit of brand extensions”, Journal of
Marketing, Vol. 67, pp. 4-13.
 Swaminathan, V., Fox, R.J. and Reddy, S.K. (2001), “The impact of brand extension introduction on choice”, Journal of
Marketing, Vol. 65, October, pp. 1-15.
 Temporal, P. (2000), Branding in Asia, John Wiley & Sons, Singapore, pp. 11, 25-6, 33.
 Thaler, Richard H. and Cass R. Sunstein (2003), ―Behavioral Economics, Public Policy, and Paternalism: Libertarian
Paternalism,‖ American Economic Review, 93 (2), 175–179.
 Varela, Francis M. (2009), “To Take a Stand,” BusinessWorld, (1 December).
22
Thank You

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Group8--AdvertisingAppeals

  • 1. AN INVESTIGATION OF ADVERTISING APPEALS’ IMPACT ON BRAND ATTITUDE, PURCHASE INTENTION AND CLAIM RECALL IN FINANCIAL INSTITUTIONS Thesis Research Presentation Group Members: Asad Abbas Askari Jaffer Ali Sakina Haider Shoheera Rasool Thesis Supervisor: Sir Zohaib Sufiyan
  • 2. Background 2  Advertising has become an essential tool in marketing and promoting financial services  As services are intangible in nature, marketing them has always been a challenge  There have been a number of researches conducted to understand the influence of advertising appeals on consumers particularly in low involvement product categories 2
  • 3. Background 3  ADVERTISING APPEALS: Advertising appeal can be defined as a marketing technique that is aimed at influencing the way consumers view themselves  MEMORY PERFORMANCE: The act or fact of retaining and recalling impressions, fa cts.  CLAIMS RECALL: Advertising claims made about the benefits, characteristics and/or performance of a product or service designed to persuade the customer to make a purchase. The ability of participants to recall these advertising claims  PURCHASE INTENTION: A plan to purchase a particular good or service in the future  ATTITUDE TOWARDS BRAND: The consensus attitude of potential consumers toward a product
  • 4. 4 Appeals Memory Performance Claims Recall Purchase Intention Brand Attitude/Image According to: Patti William’s, (2000), The Impact of Emotional Advertising Appeals on consumer Implicit and Explicit memory: an Accessibility/ Diagnosticity Perspective Theoretical Framework Patti William’s, (2000)
  • 5. Research Objectives 5  To test the relationship of advertising appeals with memory performance in financial institutions  To identify the effect of memory performance on attitude towards the brand in financial institutions  To test the effect of memory performance on purchase intention in financial institutions  To test the effect of advertising appeals on claims recall in financial institutions
  • 6. Problem Statement 6 To examine which advertising appeals are more effective in increasing claim recall, purchase intention and brand attitude in financial institutions
  • 7. Research Methodology 7  Research Type: Qualitative  Sampling Method: Convenient Sampling  Sample size : 384  Target Audience: Age Bracket: 25 – 35 years Primary Source • Focus Groups • Structured Questionnaires Secondary Source • Journals • Online articles • Books 7
  • 8. Validity Testing 8  Chron Bach Alpha: 0.79
  • 10. 10 15% 50% 23% 7% 5% Emotional Ads Unnoticable Slightly memorable Memorable Very Memorable
  • 11. 11 0% 5% 46%40% 9% Informative ads Unnoticable Slightly memorable Memorable Very Memorable Unforgetable
  • 12. 12 HBL 59% UBL 0% Bank Al Habib 5% Bank Al Falah 12% Faysal Bank 9% NBP 2% EFU 3% Jubilee 10% Top of Mind Financial Institution HBL UBL Bank Al Habib Bank Al Falah Faysal Bank NBP EFU Jubilee
  • 13. 13 3% 12% 49% 22% 14% Fincancial Services ads influentialNot at all Influential Slightly Influential Neutral Very Influential Extremely Influential
  • 14. 14 11% 36% 43% 10% 0% Purchase Intention Not At All Influential Slightly influential Neutral Very Influential Extremly influential
  • 15. 15 10% 33% 48% 9% 0% Brand Image/Preception Extremely unlikely Unlikely neutral Likely Extremely Likely
  • 16. 16
  • 17. Conclusion 17  Rational or informative appeal works better and is more preferred by a majority of the respondents compared to emotional appeal  Male respondents preferred statistical data (Interest rate etc.)  Female respondents were more influenced by emotional appeal  HBL had the highest rating and recall because of the Mr. Bean theme but not because of the services which were being provided  Memory performance and purchase intention have a negative relationship  Memory performance had a positive relationship with brand
  • 18. Recommendations 18  Marketing of financial services is undoubtedly very important in today’s world, hence financial institution should carry on with this marketing activity for awareness and TOM recall  Also, marketers need to focus more on the service offering than on the storyline of the advertisement as most of the time the actual service offering is distorted in the advertisement.  The use of seasonal appeal is a good way of creating awareness about the service offerings, such as student loans during the admission timings, car loans etc.
  • 19. Area of further study 19  In this study researchers can focus on appeals depending on genders specifically males or females.  Since banking services are high involvement products, marketers can focus on any other high involvement product category and the appeals that are working more for them in attracting consumers.  The research can further be tested not only on bank account or insurance policy holders, but also to those individuals who are exposed to television commercials.  The study can also be carried out by top 10 financial institutions of Pakistan in order to get more accurate results.
  • 20. Limitations 20 • Time constraints • Budget constraints • Amateur researchers
  • 21. References 21  Adaval, Rashmi and Robert S. Wyer, Jr. (1988), ―The Role of Narratives in Consumer Information Processing,‖ Journal of Consumer Psychology, 7 (3), 207–245.  Adkinson, Janice E. and Michael B. Mazis (1976), “An Experimental Evaluation of a Proposed Corrective Advertising Remedy,” Journal of Marketing Research, 13 (May), 178-183.  Alden, Dana L., Jan-Benedict E. M. Steenkamp, and Rajeev Batra (1999), ―Brand Positioning Through Advertising in Asia, North America, and Europe: The Role of Global Consumer Culture,‖ Journal of Marketing, 63 (1), 75–87.  Alonge, O. K., Narendran, S., & Williamson, D. D. (2001). Prevalence of fractured incisal teeth among children in Harris County, Texas.Dental traumatology, 17(5), 214-217.  Anderson, Craig A. (1983), “Abstract and Concrete Data in the Perseverance of Social Theories: When Weak Data Lead to Unshakable Beliefs,” Journal of Experimental Social Psychology, 19, 93-108.  Andriole, S.J. (2010), “Business impact of Web 2.0 technologies”, Communications of the ACM, Vol. 53 No. 12, pp. 67-79.  Argyriou, E., Melewar, T.C. and Meadows, M. (2005), “A relationship marketing perspective in electronic banking: evidence from Greece”, Journal of Euromarketing, Vol. 15 No. 1, pp. 47-73.  Baker T.L. (1999), “Doing Social Research”, 3rd Edition. McGraw Hill, Boston.  Barbesino, P., Camerani, R. and Gaudino, A. (2005), “Digital finance in Europe: a competitive dynamics and online behavior”, Journal of Financial Services Marketing, Vol. 9 No. 4, pp. 329-43.  Stewart, David W. and Ingrid M. Martin (2004), ―Advertising Disclosures: Clear and Conspicuous or Understood and Used?,‖ Journal of Public Policy & Marketing, 23(2),183–192.  Subramanian, B. and Ghose, S. (2003), “Reciprocal spillover effects: a strategic benefit of brand extensions”, Journal of Marketing, Vol. 67, pp. 4-13.  Swaminathan, V., Fox, R.J. and Reddy, S.K. (2001), “The impact of brand extension introduction on choice”, Journal of Marketing, Vol. 65, October, pp. 1-15.  Temporal, P. (2000), Branding in Asia, John Wiley & Sons, Singapore, pp. 11, 25-6, 33.  Thaler, Richard H. and Cass R. Sunstein (2003), ―Behavioral Economics, Public Policy, and Paternalism: Libertarian Paternalism,‖ American Economic Review, 93 (2), 175–179.  Varela, Francis M. (2009), “To Take a Stand,” BusinessWorld, (1 December).

Editor's Notes

  1. Advertising appeals: http://www.businessdictionary.com/definition/advertising-appeal.html Memory performance: http://dictionary.reference.com/browse/memory Purchase Intention: www.businessdictionary.com/definition/purchase-intention.html‎