This presentation aims to critically evaluate the Generic Strategies. Not all the time these strategies are sucessful, Even the big guns in the industry have falied in may occasions.
This presentation aims to critically evaluate the Generic Strategies. Not all the time these strategies are sucessful, Even the big guns in the industry have falied in may occasions.
Growing Revenue with Near-Zero Investment - GROWTH INNOVATIONInnomantra
Growing Revenue with Near-Zero Investment - GROWTH INNOVATION
In a tough business environment when demand
in the core market gets challenged, businesses should look at tapping adjacencies that leverage the organizations' foundational assets. Not only are these moves less risky, but they also do not call for many upfront investments.
Strategies that strongly position the company against competitor and give the company strongest possible strategic advantage.
Competitive Strategies helps in:
Building profitable customer relationships
Gaining competitive advantage
Analyzing their competitors
Using either Porter’s generic strategies or the Strategy Clock, identify examples of organisations following strategies of differentiation, low cost or low price, and stuck-in-the middle or hybrid. How successful are these strategies?
Effect of porter’s generic competitive strategies and the performance of soft...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications
Product strategy is like a roadmap, and like a roadmap it’s useful only when you know where you are and where you want to go.The Service Strategy provides guidance on how to design, develop, and implement service management not only as an organizational capability but also as a strategic asset.
Growing Revenue with Near-Zero Investment - GROWTH INNOVATIONInnomantra
Growing Revenue with Near-Zero Investment - GROWTH INNOVATION
In a tough business environment when demand
in the core market gets challenged, businesses should look at tapping adjacencies that leverage the organizations' foundational assets. Not only are these moves less risky, but they also do not call for many upfront investments.
Strategies that strongly position the company against competitor and give the company strongest possible strategic advantage.
Competitive Strategies helps in:
Building profitable customer relationships
Gaining competitive advantage
Analyzing their competitors
Using either Porter’s generic strategies or the Strategy Clock, identify examples of organisations following strategies of differentiation, low cost or low price, and stuck-in-the middle or hybrid. How successful are these strategies?
Effect of porter’s generic competitive strategies and the performance of soft...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications
Product strategy is like a roadmap, and like a roadmap it’s useful only when you know where you are and where you want to go.The Service Strategy provides guidance on how to design, develop, and implement service management not only as an organizational capability but also as a strategic asset.
Consumer needs and wants are filled with market offering of products and strong customer brand
engagement. In organizations importance of marketing process, orientation elements, STP,
Marketing Mix, Consumer Insights are being illustrated here. Above all the role of marketing in
creating values for customers and ways of maintaining strong brand loyalty and customer
engagement with practical examples are described in this assignment. Authoritative achievement
to a great extent relies on upon the dynamic promoting techniques it takes to maintain in the
aggressive commercial center.
Re-Positioning Effects on Centuries-Old Brands: Piyale Caseinventionjournals
Businesses engage in positioning activities by aiming the advantages and disadvantages of the products which have put on the market to find a place in customer minds. Positining is a bridge between business and customers is a products’defining activity on customer minds. Businesses proceed the positining activities with product discrimination on concentrated competition environment for percieving the differences by the customer. Actually in product positioning, a differentiation strategy, businesses differ from their competitors by price, product feature, product name, first-come, last model or newest, the widest after-sales service, or long-term. The purpose in product positioning is not only to create a concept in the consumer's mind but also to preserve the place and to renew it when necessary. Re-positioning means replacing the current location of the product, is a risky and costly activity. Repositioning can be implemented through changes in the product, physical changes, changes in product use, and image changes. In the study the repositioning activities of the products Piyale approximatey has near a century-history brand will be examined also brand awareness, which of the existing product categories increased succession with repositioning will be examined before and after repositioning the new position against the competitors.
Re-Positioning Effects on Centuries-Old Brands: Piyale Caseinventionjournals
Businesses engage in positioning activities by aiming the advantages and disadvantages of the products which have put on the market to find a place in customer minds. Positining is a bridge between business and customers is a products’defining activity on customer minds. Businesses proceed the positining activities with product discrimination on concentrated competition environment for percieving the differences by the customer. Actually in product positioning, a differentiation strategy, businesses differ from their competitors by price, product feature, product name, first-come, last model or newest, the widest after-sales service, or long-term. The purpose in product positioning is not only to create a concept in the consumer's mind but also to preserve the place and to renew it when necessary. Re-positioning means replacing the current location of the product, is a risky and costly activity. Repositioning can be implemented through changes in the product, physical changes, changes in product use, and image changes. In the study the repositioning activities of the products Piyale approximatey has near a century-history brand will be examined also brand awareness, which of the existing product categories increased succession with repositioning will be examined before and after repositioning the new position against the competitors
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
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The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Digital marketing is the art and science of promoting products or services using digital channels to reach and engage with potential customers. It encompasses a wide range of online tactics and strategies aimed at increasing brand visibility, driving website traffic, generating leads, and ultimately, converting those leads into customers.
https://nidmindia.com/
The session includes a brief history of the evolution of search before diving into the roles technology, content, and links play in developing a powerful SEO strategy in a world of Generative AI and social search. Discover how to optimize for TikTok searches, Google's Gemini, and Search Generative Experience while developing a powerful arsenal of tools and templates to help maximize the effectiveness of your SEO initiatives.
Key Takeaways:
Understand how search engines work
Be able to find out where your users search
Know what is required for each discipline of SEO
Feel confident creating an SEO Plan
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Digital Commerce Lecture for Advanced Digital & Social Media Strategy at UCLA...Valters Lauzums
E-commerce in 2024 is characterized by a dynamic blend of opportunities and significant challenges. Supply chain disruptions and inventory shortages are critical issues, leading to increased shipping delays and rising costs, which impact timely delivery and squeeze profit margins. Efficient logistics management is essential, yet it is often hampered by these external factors. Payment processing, while needing to ensure security and user convenience, grapples with preventing fraud and integrating diverse payment methods, adding another layer of complexity. Furthermore, fulfillment operations require a streamlined approach to handle volume spikes and maintain accuracy in order picking, packing, and shipping, all while meeting customers' heightened expectations for faster delivery times.
Amid these operational challenges, customer data has emerged as an important strategy. By focusing on personalization and enhancing customer experience from historical behavior, businesses can deliver improved website and brand experienced, better product recommendations, optimal promotions, and content to meet individual preferences. Better data analytics can also help in effectively creating marketing campaigns, improving customer retention, and driving product development and inventory management.
Innovative formats such as social commerce and live shopping are beginning to impact the digital commerce landscape, offering new ways to engage with customers and drive sales, and may provide opportunity for brands that have been priced out or seen a downturn with post-pandemic shopping behavior. Social commerce integrates shopping experiences directly into social media platforms, tapping into the massive user bases of these networks to increase reach and engagement. Live shopping, on the other hand, combines entertainment and real-time interaction, providing a dynamic platform for showcasing products and encouraging immediate purchases. These innovations not only enhance customer engagement but also provide valuable data for businesses to refine their strategies and deliver superior shopping experiences.
The e-commerce sector is evolving rapidly, and businesses that effectively manage operational challenges and implement innovative strategies are best positioned for long-term success.
Mastering Local SEO for Service Businesses in the AI Era is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
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Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
Unleash the power of UK SEO with Brand Highlighters! Our guide delves into the unique search landscape of Britain, equipping you with targeted strategies to dominate UK search engine results. Discover local SEO tactics, keyword magic for UK audiences, and mobile optimization secrets. Get your website seen by the right people and propel your brand to the top of UK searches.
To learn more: https://brandhighlighters.co.uk/blog/top-seo-agencies-uk/
SEO as the Backbone of Digital MarketingFelipe Bazon
In this talk Felipe Bazon will share how him and his team at Hedgehog Digital share our journey of making C-Levels alike, specially CMOS realize that SEO is the backbone of digital marketing by showing how SEO can contribute to brand awareness, reputation and authority and above all how to use SEO to create more robust global marketing strategies.
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
CWV Topics include:
- Understanding the latest Core Web Vitals including the significance of LCP, INP and CLS + their impact on SEO
- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
AI-Powered Personalization: Principles, Use Cases, and Its Impact on CROVWO
In today’s era of AI, personalization is more than just a trend—it’s a fundamental strategy that unlocks numerous opportunities.
When done effectively, personalization builds trust, loyalty, and satisfaction among your users—key factors for business success. However, relying solely on AI capabilities isn’t enough. You need to anchor your approach in solid principles, understand your users’ context, and master the art of persuasion.
Join us as Sarjak Patel and Naitry Saggu from 3rd Eye Consulting unveil a transformative framework. This approach seamlessly integrates your unique context, consumer insights, and conversion goals, paving the way for unparalleled success in personalization.
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
The What, Why & How of 3D and AR in Digital CommercePushON Ltd
Vladimir Mulhem has over 20 years of experience in commercialising cutting edge creative technology across construction, marketing and retail.
Previously the founder and Tech and Innovation Director of Creative Content Works working with the likes of Next, John Lewis and JD Sport, he now helps retailers, brands and agencies solve challenges of applying the emerging technologies 3D, AR, VR and Gen AI to real-world problems.
In this webinar, Vladimir will be covering the following topics:
Applications of 3D and AR in Digital Commerce,
Benefits of 3D and AR,
Tools to create, manage and publish 3D and AR in Digital Commerce.
How to Run Landing Page Tests On and Off Paid Social PlatformsVWO
Join us for an exclusive webinar featuring Mariate, Alexandra and Nima where we will unveil a comprehensive blueprint for crafting a successful paid media strategy focused on landing page testing.With escalating costs in paid advertising, understanding how to maximize each visitor’s experience is crucial for retention and conversion.
This session will dive into the methodologies for executing and analyzing landing page tests within paid social channels, offering a blend of theoretical knowledge and practical insights.
The Pearmill team will guide you through the nuances of setting up and managing landing page experiments on paid social platforms. You will learn about the critical rules to follow, the structure of effective tests, optimal conversion duration and budget allocation.
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In the second part of the webinar, Pearmill will explore the use of A/B testing platforms. Discover common pitfalls to avoid in A/B testing and gain insights into analyzing A/B tests results effectively.
Videos are more engaging, more memorable, and more popular than any other type of content out there. That’s why it’s estimated that 82% of consumer traffic will come from videos by 2025.
And with videos evolving from landscape to portrait and experts promoting shorter clips, one thing remains constant – our brains LOVE videos.
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3. Meaning And Definition
Definition:
Positioning means the activity of making position or image in the minds of
customers. Positioning is the process of portraying a picture of company’s
product and its customer relation in the minds of customers.
“Positioning is the act of designing the company’s offering and image to
occupy a distinct place in the target’s mind.”
--Philip Kotler--
4. Why Positioning?
(1)To create a distinct place of product & service or corporate in
the minds of customers.
(2) To provide a competitive edge to a product or an attempt to
convey attractiveness of the product to the target market.
(3) To give the target market reason of buying our
product/service and then formulation of all strategies according
to the customer perception.
5. Positioning in the market
place examples:
Colgate toothpaste
Promotes its anti-cavity protection
Mercedes
Promotes its great engineering
BMW
Ultimate driving machine
Attribute can be single or even multiples
6. What is Image?
Image is the picture of an organization and its products & services
perceived by target group,
Images are of following types:
• Current Image: The way that a company is being seen
by customer.
• Mirror Image: The way that accompany think it is being seen by
customers
• Wish Image: The way that a company would like to be seen by
customers.
7. Positioning Strategies
(1)Attribute Positioning: A company position itself on the basis of
an attribute which creates their separate identity such as size, no. of
years of existence etc.
e.g: “Raymonds Since 1925”
(2)Benefit Positioning: Corporate may position itself as a leader in a
certain benefit which they provides to their customers.
e.g: “ Maruti---Service Station”
8. Positioning Strategies
(3)Use or Application Positioning: Positioning can be done on the
basis of use or application of the product. Corporate position their
product as best for some use like café coffee day position itself for
discussion & meeting point.
e.g: “Café Coffe Day—a lot can happen over a coffee”
(4)User Positioning: When firm position itself and its products as
best suited for a particular user class is called user positioning
e.g: “Johnson & Johnson----for babies”
9. Positioning Strategies
(5)Competitor Positioning: In this category firm claims to be better
in some product or service than a well-known competitor.
e.g: “Thums up against Pepsi”
(6)Value Positioning: This strategy focuses on company’s
positioning as offering the best product at lower price or we can say
best valued product.
e.g: “McDonald Burger @ Rs 25 only/”
11. What is 3 C’s of Successful
Positioning ?
The 3Cs Model is an industry model, which offers a strategic look at the factors
needed for success. It was developed by Japanese organizational theorist
Kenichi Ohmae.
The 3Cs model points out that a strategist should focus on three key factors for
success. In the construction of a business strategy, three main elements must be
taken into account:
1. The Corporation
2. The Customers
3. The Competitors
Only by integrating these three, a sustained competitive advantage can exist.
Ohmae refers to these key factors as the three Cs or strategic triangle.
13. 1. The Corporation
The Corporation needs to focus on the maximization of its strengths. As a result, the corporation
can influence the functional areas of the competition that are critical to achieve success within a
certain industry. Focusing on a key functional area may create a decisive improvement in other
functions of the competition. (for example quality improvement). By functional areas is meant for
example culture, image, products, services, technology, etc.
It is also important for a corporation to make informed decisions about subcontracting (capacity,
cost structure, significant strategic advantages) and how effectively this can be realized with
respect to cost reduction (selective purchasing, stock management, choice of commodities, use of
automation).
It’s certainly not necessary for a company to excel in one specific function. If there’s a clear
advantage in one important function, the company can then also reinforce and improve other
functions from that strength.
If labour costs are rising, it can be an attractive option for companies to outsource part of the
work. They then do need to consider the competition; if their production is outsourced to
subcontractors, it can influence the cost price. To counter this, a company can improve the cost
effectiveness. Firstly, by trying to lower the basic costs compared to their competitors. And
secondly, by lowering the functional costs, including those for transport. A third option would be
to combine certain key functions with other businesses, sharing overhead costs. Examples could
be transport, warehousing or call centres.
14. 2. The Customers
The customers are the basis for any corporation according to Kenichi
Ohmae. Without a doubt, a corporation’s foremost objective ought to be
the interests of its customers rather than those of its stock holders or other
parties. What is important are elements like needs, requirements,
demands, problem areas, buying motives, value components, decision-
makers, etcetera. Segmentation of objectives (use of products) and
customers (geography, age, social interests ) and the market (potential
customers, competitors) are important for constructing and adopting a
strategy. Using (digital) questionnaires, reviews and platforms, a
company can find out what customers are thinking and seriously include
this information in strategic decisions.
15. 3. The Competitors
According to Kenichi Ohmae these strategies can be constructed by looking at possible
differentiation in functions such as purchasing, design, engineering, sales and maintenance.
One of the most important factors is image and this can provide the necessary power.
Both Sony and Honda for example, sell more than their competitors because they invest
more in public relations and advertising. Smaller corporations and organizations can use
franchise concepts or low margins and make the necessary investments in service.
Hito-Kane-Mono
A favourite phrase of Japanese business planners is hito-kane-mono, standing for people,
money and things. They believe that streamlined corporate management is achieved when these
three critical resources are in balance without surplus or waste. For example: Cash over and
beyond what competent people can intelligently expend is wasted. Of the three critical
resources, funds should be allocated last. The corporation should firstly allocate management
talent, based on the available mono (things): plant, machinery, technology, process know-how
and functional strength. Once these hito (people) have developed creative and imaginative
ideas to capture the business’s upward potential, the kane (money) should be given to the
specific ideas and programs generated by the individual managers.
16. Advantage of 3 C’s model of
positioning
Corporation
Simplicity of implementation
Trustworthy and award winning organization
High proportion of revenue earnings into core operations
Customer
Value in the form of branding, (eg. Pratham supported by Fair and Lovely Foundation)
Students internships and concurrent project certificates
Competition
Promoter value
Transparency in workings
Organizational vision as a transparent and accountable organization
17. Brand Revitalization
Definition:
The Brand Revitalization is the marketing strategy adopted when the
product reaches the maturity stage of product life cycle, and profits
have fallen drastically. It is an attempt to bring the product back in the
market and secure the sources of equity i.e. customers.
18. Brand Revitalization Examples
Example:
Mountain Dew, A Pepsi product, was
launched in 1969 with the tagline “Yahoo
Mountain Dew” that flourished in the market
till 1990. After that the sales of mountain dew
declined due to which it was re-positioned, its
packaging was changed, and the tagline was
changed to “Do the Dew”. It targeted the
young males showing their audacity in
performing the adventurous sports. This led
the Mountain Dew to the fifth position in the
beverage industry.
20. Why Brand Revitalization?
1. Increased Competition in the market is one of the major reasons for the
product to go under the brand revitalization. In order to meet with the
offerings and technology of competitor, the company has to design its brand
accordingly so as to sustain in the market.
2. The Brand Relevance plays a major role in capturing the market. The
brand should be modified in accordance with the changes in tastes and
preferences of customers i.e. it should cater the need of target market.
3. Nowadays Globalization has become an integral part of any business. In
order to meet the different needs of different customers residing in different
countries the brand has to be revitalized accordingly.
21. Why Brand Revitalization?
4. Sometimes Mergers and Acquisitions demand the brand revitalization.
When two or more companies combine, they want the product to be
designed from the scratch in a way that it appeals to both and benefits each
simultaneously.
5. Technology is something that is changing rapidly. In order to meet with
the latest trend, the companies have to adopt the new technology due to
which the product can go under complete revitalization.
6. Some Legal Issues may force a brand to go under brand revitalization
such as copyrights, bankruptcy, etc. In such situations, the brand has to be
designed accordingly, and the branding is to be done in line with the legal
requirements.
23. How to do Brand Revitalization?
1. The Usage of a product can be increased by continuously
reminding about the brand to customers through advertisements. The
benefits of the frequent use of a product can be communicated to
increase the consumption, e.g., the usage of Head & Shoulders on
every alternate day can reduce dandruff.
2. The untapped market can be occupied by understanding the needs
of the new market segment. The brand revitalization can be done to
cater to the needs of new customers, e.g.; Johnson n Johnson is a
baby product company but due to its mild product line the same can
be used by ladies to have a soft skin and hair.
24. How to do Brand Revitalization?
3. The brand can be revitalized by entering into an
entirely New Market. The best example for this is
Wipro, who has entered into a baby product line.
4. Another way of getting the brand revitalized is through
the Re-positioning. It means changing any of the 4 P’s of
marketing mix viz. Product, price, place and promotion.
The best example of re-positioning is Tata Nano. On its
launch, it was tagged as the “cheapest Car” that hurt the
sentiments of customers, and the sales fell drastically. To
revive the sales, the new campaign was launched
“Celebrate Awesomeness” that re-positioned its image in
the minds of the customer.
25. How to do Brand Revitalization?
5. A brand can be revitalized by Augmenting the Product
and Services. The company should try to give something
extra along with the product that is not expected by the
customer. Some additional benefits can revive the brand in
the market e.g. A plastic container comes with a surf excel
1 Kg pack that can be used for any other purpose.
6. The brand can be modified through the Involvement of
Customer The feedback about the product and services can
be taken from ultimate consumer and changes can be made
accordingly. Customer’s involvement is best seen in service
sector wherein feedback forms are filled in at the time of
availing the services such as hotels, restaurants, clubs,
flights, trains, etc.
27. What is Celebrity Endorsement ?
Definition:
Celebrity endorsement is a marketing strategy involving the use of
celebrities to advertise for a brand with an eye on increasing the product
sales or increasing the awareness of the brand by leveraging the awareness
levels of the celebrity
Who is a celebrity?
Celebrities are the people who enjoy
public recognition by a large share of
a certain group of people and can influence life of people. Celebrities are:
Actors Models Sports figure Entertainer Pop star Business
man Politician Fictional celebrities
29. Why Celebrity Endorsement ?
1. Celebrity helps to set-up a new company
2. Popular personalities have their own followers
3. Using a famous person for advertising a product or service, a brand
with a tarnished record has a chance to re-establish its status
4. Enhance the Market Value
5. A celebrity may help a product in affecting the psychological profile
of potential buyers. Hence it directly
6. Just by getting associated to a product a celebrity may push the sales
of any product affects the marketing strategies
30. Pros of Celebrity Endorsement ?
The advantages of celebrity branding are having a product that the endorser
likes and utilizes and incorporates into their lifestyle as well as having
some knowledge about the product. Some of the advantage of Celebrity
Endorsement are,
1. Increased attention to the product and the brand
2. Polishing the image of the brand
3. Introduction of the brand to new and wider market
4. Repositioning of the brand
5. Guarantee of successful advertising of the brand
31. Cons of Celebrity Endorsement ?
Using celebrity endorsement has its risks as well as its benefits.
Some of the opportunities provided by the endorsement may have two sides to
it, making it a potential risk as well.
1. Celebrity may overshadow the product: There may be a chance of the
celebrity getting more attention than the product being endorsed, which may
lead to consumers remembering only the celebrity than the product.
2. Credibility of Celebrity endorsements: Consumers are now more aware of
how advertising and celebrity endorsements work, which brings them to
question celebrity credibility within advertisements as more consumers are
starting to voice their opinions asking if the brand or the product should be
trusted based on the celebrity that is being paid to endorse the product.
3. Brand Switching: For example when Aishwarya Rai and Aamir Khan shifted
loyalties from Pepsi to Coke.