The Advertising Research Foundation's review of Brand Keys' brand engagement measurement methodology.
Our methodological framework is considered the most effective means of predicting sales and subsequent changes in real-world consumer behavior by the Advertising Research Foundation.
Data Science Project on Brand Health Track.
o Primary Objective: To measure the Health of Leading Fashion Brands.
o Secondary Objective: To identify the key drivers that make a difference in Consumers Brand Choice and Purchase Behavior.
o Brands: WESTSIDE, SHOPPERS STOP, LIFESTYLE, PANTALOONS, CENTRAL, FBB.
o Questionnaire Preparation and Conduct Survey to collect Primary Data for analysis. (In Progress)
o Final Outcome: Represent Brand Health Data and Key Research findings using visualization and Shiny App.
Navigating the changing landscape of channel partners in technology industryJoonas Järvinen
What makes us followers? How to become a game changer?
Status Quo of partner channel performance with in the technology industry.
The speed of change in the technology industry in relation to products and services is accelerating, and the distribution needs of partners are also rapidly evolving to keep up. This brings to mind a number of questions: how is the channel adapting to this change, is the channel still relevant, are the roles changing in the channel and how are vendors and partners managing this change?
The study titled, “A Study On Brand Perception In Electronics Industry” focuses on the level of awareness and perception customers have about for a brand. For the purpose of the study, an electronics company „s customers were surveyed for a period of two months. The tools used for analysis are frequencies test, mean analysis, independent sample T – Test and ANOVA. At the end of the study, it was found that factors such as quality, warranty, brand image influenced customer‟s perception of the brand. Some findings about the customer demographics were also found
Data Science Project on Brand Health Track.
o Primary Objective: To measure the Health of Leading Fashion Brands.
o Secondary Objective: To identify the key drivers that make a difference in Consumers Brand Choice and Purchase Behavior.
o Brands: WESTSIDE, SHOPPERS STOP, LIFESTYLE, PANTALOONS, CENTRAL, FBB.
o Questionnaire Preparation and Conduct Survey to collect Primary Data for analysis. (In Progress)
o Final Outcome: Represent Brand Health Data and Key Research findings using visualization and Shiny App.
Navigating the changing landscape of channel partners in technology industryJoonas Järvinen
What makes us followers? How to become a game changer?
Status Quo of partner channel performance with in the technology industry.
The speed of change in the technology industry in relation to products and services is accelerating, and the distribution needs of partners are also rapidly evolving to keep up. This brings to mind a number of questions: how is the channel adapting to this change, is the channel still relevant, are the roles changing in the channel and how are vendors and partners managing this change?
The study titled, “A Study On Brand Perception In Electronics Industry” focuses on the level of awareness and perception customers have about for a brand. For the purpose of the study, an electronics company „s customers were surveyed for a period of two months. The tools used for analysis are frequencies test, mean analysis, independent sample T – Test and ANOVA. At the end of the study, it was found that factors such as quality, warranty, brand image influenced customer‟s perception of the brand. Some findings about the customer demographics were also found
This study investigated the effect of product redesign on consumer brand loyalty in developing
countries drawing evidence from selected manufacturing firms in South East Nigeria. Further, it sought to
assess the components of product redesign applied by firms and examine the extent to which they affect
customers brand loyalty. The study adopted the survey research design using questionnaires for data collection.
A proportional stratified random sample of 553 staff of manufacturing firms was drawn from a population of
7112. Spearman rank order correlation coefficient was used to test the reliability of the instrument given a
coefficient of 0.83.
How Can A Brand Stay Relevant Over Time? Forget Loyalty! Focus on Building Brand Affinity by Fulfilling "universal" Human Insights and Emotional/Psychosocial Desires... via Humanizing Your Brand, Emotional Bonding, and Emotional Branding including Transformational Advertising. In short: Be Likeable, By Staying Outstandingly DIFFERENTIATED in A Strong, Favorable, Unique Manner, and Relevant in The Face of Changing or Evolving Times and Ways-of-Life.
An Eye On Google: Re-engaging with digital marketing in response to recent FD...Sara (Weiner) Collis
Whitepaper on the May 2009 FDA guidelines for Pharmaceutical Paid Search. Includes overview, definitions, guideline interpretations, implications for marketers, and how the industry will need to reply in order to remain compliant.
This study investigated the effect of product redesign on consumer brand loyalty in developing
countries drawing evidence from selected manufacturing firms in South East Nigeria. Further, it sought to
assess the components of product redesign applied by firms and examine the extent to which they affect
customers brand loyalty. The study adopted the survey research design using questionnaires for data collection.
A proportional stratified random sample of 553 staff of manufacturing firms was drawn from a population of
7112. Spearman rank order correlation coefficient was used to test the reliability of the instrument given a
coefficient of 0.83.
How Can A Brand Stay Relevant Over Time? Forget Loyalty! Focus on Building Brand Affinity by Fulfilling "universal" Human Insights and Emotional/Psychosocial Desires... via Humanizing Your Brand, Emotional Bonding, and Emotional Branding including Transformational Advertising. In short: Be Likeable, By Staying Outstandingly DIFFERENTIATED in A Strong, Favorable, Unique Manner, and Relevant in The Face of Changing or Evolving Times and Ways-of-Life.
An Eye On Google: Re-engaging with digital marketing in response to recent FD...Sara (Weiner) Collis
Whitepaper on the May 2009 FDA guidelines for Pharmaceutical Paid Search. Includes overview, definitions, guideline interpretations, implications for marketers, and how the industry will need to reply in order to remain compliant.
NEED OF BRAND VALUATION: A brand can be valued anytime and for many reasons, that includes- Brand strategy, Financial Reporting, Mergers and acquisitions, value reporting, licensing, legal transaction, accounting, strategic planning, management information, taxation planning and compliance, liquidation.
Mediation of brand equity on word of mouth a study with special reference to ...Dr. V.K. Hamza
Brand Equity has been considered as the intervening variable among several antecedents to consequences. This study hypothesized the function of Brand Equity as a mediator between Brand Awareness, Brand Association, Brand Image, Perceived Quality and Brand Loyalty towards Word of Mouth. The results of the study stated that the Brand Equity fully mediated certain antecedents and partially mediated with others. The absence and subsistence of mediation for brand equity among the antecedents and consequences have been proved with respect to the Fashion Industry in India.
International Journal of Business and Management Invention (IJBMI)inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
White paper: Are uniforms an effective marekting toolCutton Garments
“Uniforms are a more effective marketing tool than internet, newspaper, TV, radio and billboard advertising.” Our hypothesis, that uniform programs are an effective marketing tool and a viable form of advertising has been shown to be true. Our analyses found that the industries represented in our study believe that uniform programs are an effective form of advertising. As suspected, there is a positive correlation in companies whose uniform wearers are regularly exposed to the public and the belief that uniform programs are an effective marketing tool. In fact, uniform programs were considered a more effective marketing tool in the majority of cases when compared with six of the most popular forms of advertising.
White paper: are uniforms an effective marekting tool Cutton Garments
Uniforms are a more effective marketing tool than internet, newspaper, TV, radio and billboard advertising.” Our hypothesis, that uniform programs are an effective marketing tool and a viable form of advertising has been shown to be true. Our analyses found that the industries represented in our study believe that uniform programs are an effective form of advertising. As suspected, there is a positive correlation in companies whose uniform wearers are regularly exposed to the public and the belief that uniform programs are an effective marketing tool. In fact, uniform programs were considered a more effective marketing tool in the majority of cases when compared with six of the most popular forms of advertising
Brand Keys Overview - A Guide to Predictive Brand Equity and Consumer LoyaltyBrand Keys
A basic overview of how Brand Keys offers predictive brand equity, consumer loyalty and engagement metrics for companies around the world.
Our measurement methodology is considered the most accurate means of predicting sales and future in-market behavior, correlating very highly with sales and profitability, and has been independently tested and validated by the Advertising Research Foundation.
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.
Key Takeaways:
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.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
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
Confidently measure SEO performance
A.I. (artificial intelligence) platforms are popping up all the time, and many of them can and should be used to help grow your brand, increase your sales and decrease your marketing costs.In this presentation:We will review some of the best AI platforms that are available for you to use.We will interact with some of the platforms in real-time, so attendees can see how they work.We will also look at some current brands that are using AI to help them create marketing messages, saving them time and money in the process. Lastly, we will discuss the pros and cons of using AI in marketing & branding and have a lively conversation that includes comments from the audience.
Key Takeaways:
Attendees will learn about LLM platforms, like ChatGPT, and how they work, with preset examples and real time interactions with the platform. Attendees will learn about other AI platforms that are creating graphic design elements at the push of a button...pre-set examples and real-time interactions.Attendees will discuss the pros & cons of AI in marketing + branding and share their perspectives with one another. Attendees will learn about the cost savings and the time savings associated with using AI, should they choose to.
First Things First: Building and Effective Marketing Strategy
Too many companies (and marketers) jump straight into activation planning without formalizing a marketing strategy. It may seem tedious, but analyzing the mindset of your targeted audiences and identifying the messaging points most likely to resonate with them is time well spent. That process is also a great opportunity for marketers to collaborate with sales leaders and account managers on a galvanized go-to-market approach. I’ll walk you through the methods and tools we use with our clients to ensure campaign success.
Key Takeaways:
-Recognize the critical role of strategy in marketing
-Learn our approach for building an actionable, effective marketing strategy
-Receive templates and guides for developing a marketing strategy
Financial curveballs sent many American families reeling in 2023. Household budgets were squeezed by rising interest rates, surging prices on everyday goods, and a stagnating housing market. Consumers were feeling strapped. That sentiment, however, appears to be waning. The question is, to what extent?
To take the pulse of consumers’ feelings about their financial well-being ahead of a highly anticipated election, ThinkNow conducted a nationally representative quantitative survey. The survey highlights consumers’ hopes and anxieties as we move into 2024. Let's unpack the key findings to gain insights about where we stand.
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.
Monthly Social Media News Update May 2024Andy Lambert
TL;DR. These are the three themes that stood out to us over the course of last month.
1️⃣ Social media is becoming increasingly significant for brand discovery. Marketers are now understanding the impact of social and budgets are shifting accordingly.
2️⃣ Instagram’s new algorithm and latest guidance will help us maintain organic growth. Instagram continues to evolve, but Reels remains the most crucial tool for growth.
3️⃣ Collaboration will help us unlock growth. Who we work with will define how fast we grow. Meta continues to evolve their Creator Marketplace and now TikTok are beginning to push ‘collabs’ more too.
How to Use AI to Write a High-Quality Article that Ranksminatamang0021
In the world of content creation, many AI bloggers have drifted away from their original vision, resulting in low-quality articles that search engines overlook. Don't let that happen to you! Join us to discover how to leverage AI tools effectively to craft high-quality content that not only captures your audience's attention but also ranks well on search engines.
Disclaimer: Some of the prompts mentioned here are the examples of Matt Diggity. Please use it as reference and make your own custom prompts.
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.
Key Takeaways:
• Uncover the power of a foundational marketing system that dynamically communicates with prospects and customers on autopilot.
• Harness neuroscience and Tribal Alignment to transform your communication strategies, turning potential clients into fans and those fans into loyal customers.
• Discover the art of automated segmentation, pinpointing your most lucrative customers and identifying the optimal moments for successful conversions.
• Streamline your business with a content production plan that eliminates guesswork, wasted time, and money.
SMM Cheap - No. 1 SMM panel in the worldsmmpanel567
Boost your social media marketing with our SMM Panel services offering SMM Cheap services! Get cost-effective services for your business and increase followers, likes, and engagement across all social media platforms. Get affordable services perfect for businesses and influencers looking to increase their social proof. See how cheap SMM strategies can help improve your social media presence and be a pro at the social media game.
Is AI-Generated Content the Future of Content Creation?Cut-the-SaaS
Discover the transformative power of AI in content creation with our presentation, "Is AI-Generated Content the Future of Content Creation?" by Puran Parsani, CEO & Editor of Cut-The-SaaS. Learn how AI-generated content is revolutionizing marketing, publishing, education, healthcare, and finance by offering unprecedented efficiency, creativity, and scalability.
Understanding
AI-Generated Content:
AI-generated content includes text, images, videos, and audio produced by AI without direct human involvement. This technology leverages large datasets to create contextually relevant and coherent material, streamlining content production.
Key Benefits:
Content Creation: Rapidly generate high-quality content for blogs, articles, and social media.
Brainstorming: AI simulates conversations to inspire creative ideas.
Research Assistance: Efficiently summarize and research information.
Market Insights:
The content marketing industry is projected to grow to $17.6 billion by 2032, with AI-generated content expected to dominate over 55% of the market.
Case Study: CNET’s AI Content Controversy:
CNET’s use of AI for news articles led to public scrutiny due to factual inaccuracies, highlighting the need for transparency and human oversight.
Benefits Across Industries:
Marketing: Personalize content at scale and optimize engagement with predictive analytics.
Publishing: Automate content creation for faster publication cycles.
Education: Efficiently generate educational materials.
Healthcare: Create accurate content for patients and professionals.
Finance: Produce timely financial content for decision-making.
Challenges and Ethical Considerations:
Transparency: Disclose AI use to maintain trust.
Bias: Address potential AI biases with diverse datasets.
SEO: Ensure AI content meets SEO standards.
Quality: Maintain high standards to prevent misinformation.
Conclusion:
AI-generated content offers significant benefits in efficiency, personalization, and scalability. However, ethical considerations and quality assurance are crucial for responsible use. Explore the future of content creation with us and see how AI is transforming various industries.
Connect with Us:
Follow Cut-The-SaaS on LinkedIn, Instagram, YouTube, Twitter, and Medium. Visit cut-the-saas.com for more insights and resources.
Influencer marketing isn't just for big brands or consumer products anymore. In 2024, marketers face hurdles like escalating paid channel costs, diminishing organic reach, and building trust in their ideal customer accounts. This session offers practical ways to bring influencer marketing into your organization, to provide cost-effective access to niche audiences, countering budget constraints and rising CPMs. We'll discuss the impact of social algorithms on reach, the trust deficit in traditional advertising and how influencer partnerships offer genuine connections with audiences. Attendees will gain actionable insights to integrate influencer marketing into their strategies, leveraging influencers for impactful campaigns in both B2B and B2C environments. Join us to unlock the potential of influencers in navigating the evolving marketing landscape of 2024 and driving meaningful business growth.
Key Takeaways:
- Educate on the various types of influence we can use as marketers
- Establish the problems that make influencers a priority
- Walk through some practical tactics on HOW to run a program leveraging several of these influence channels
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.
Key Takeaways:
• Uncover the power of a foundational marketing system that dynamically communicates with prospects and customers on autopilot.
• Harness neuroscience and Tribal Alignment to transform your communication strategies, turning potential clients into fans and those fans into loyal customers.
• Discover the art of automated segmentation, pinpointing your most lucrative customers and identifying the optimal moments for successful conversions.
• Streamline your business with a content production plan that eliminates guesswork, wasted time, and money.
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
ARF Review of Brand Keys' Brand Engagement Measurement Metrics
1. First Opinion
An ARF Research Review
of Brand Keys’
Brand Engagement
Measurement Methodology
William A. Cook, Ph.D.
Sr. V.P., Research & Standards
January 30, 2007
2. 2
INTRODUCTION
This is an ARF Methodological Review of the Brand Keys’ Brand Engagement measurement
methodology. The purpose of the Brand Keys methodology is to provide a measure of the level
of brand engagement that results from advertising and communications efforts based on the
equity the brand has developed and the brand’s combination of channels and messages.
Engagement is defined by Brand Keys as “the consequence of any marketing or communications
effort (through any media touch point) which results in an increased level of ‘brand equity’ for
the brand”. They define brand equity as “the degree to which a brand is believed by the target
audience to be able to meet or exceed consumer expectations they hold for the category in which
the brand competes”.
The purpose of this review is twofold:
To review the objectives, design, methodology and reporting of the Brand Keys methodology in
the context of ARF guidelines.
To render an opinion of the adequacy of the design, methodology and reporting to meet the stated
objectives, both in theory and in practice, insofar as that practice is represented to the ARF by
Brand Keys.
The ARF opinion is based on the years of experience of the ARF staff and the body of
ARF principles and guidelines currently available.
OBJECTIVE
The objective of the Brand Keys methodology is to provide a measure of the level of engagement
that a) is possessed by the brand and/or b) results from advertising and communications efforts
based on the brand’s combination of channels and messages. The basis for the Brand Keys
assessment is a set of predictive loyalty metrics which they have developed specifically for this
purpose.
DESIGN
The methodology is designed to assess the brand equity for a given brand based on a survey of
the brand’s target audience by measuring the brands in the subject category, and the ideal brand
on a variety of category attributes, benefits and value components. The target consumers also
indicate the importance of those attributes, benefits and values to them.
It seeks to provide the marketer with actionable answers to five basic questions:
1. What are the four primary loyalty/engagement drivers for my category, i.e., how do
respondents view the category, compare offering in the category, and, ultimately,
behave positively toward the brand being assessed?
2. Which specific key attributes, benefits, and values form the components of each driver?
3. What's the order of importance of the drivers?
4. What expectations do consumers hold for each driver?
5. How does my brand stack up to a category Ideal?
3. 3
METHODOLOGY
Project Initiation. A Brand Keys executive consults with the client to develop:
1. A definition of the target consumer.
2. A list of category attributes, benefits and values thought to be relevant to the target
customer, and therefore to the brand marketing process.
3. An assessment of the business issues that prompted the request for the research project
and a consensus on the action steps for marketing depending on alternative outcomes
from the current research.
Survey Design. A survey is conducted among 50 to 500 members of the target audience
depending on the number of targets, variables (including competitors), under study. The survey
includes a series of questions to establish the importance of selected attributes, benefits and
values to the target consumers. It also includes a proprietary battery of psychological questions
derived from Jung’s theory of personality types as extended by Briggs and Myers. Because the
psychological question set has been demonstrated to have high test/re-test reliability (.93) in two
national probability sample studies – one in the US and another in the UK, Brand Keys is able to
provide valid metrics utilizing smaller sample groups. The psychological questions establish
consumers’ expectations for products in the selected category including an Ideal brand, the
clients’ brand and key competitive brands.
Sample Design/Selection. Sample design and selection is based upon accepted practices within
the marketing/research communities. Discussions are held with clients to determine the optimum
target segment(s) that is both most appropriate and will afford insights necessary to provide
“answers” to clients’ questions.
Traditional screening techniques – including security questions – are utilized. Quotas (as
necessary) are monitored by a dedicated project Field Director and/or CRT programming.
Validation of 15% of the interviews is standard operating procedure.
Brand Engagement Analysis. Four drivers, or factors, are derived from the consumer expectations
measures obtained from the psychological questions.1
Each driver identifies its importance to the
average target consumer, and the expectations that the target consumers hold for the category, as
well as, similar measures of individual brands, and the ideal brand. The expectations of a brand
are expressed as an index relative to the ideal brand, with brand loyalty and engagement
measured vis à vis the degree to which the brand/test variable is able to meet or exceed customer
expectations held for the category Ideal.
The driver factors are statistically related to the collection of attributes, benefits and values to
help define the drivers from a consumer perspective.
A causal path analysis is used to tease apart the driver weights and the individual attribute,
benefit, or value components. The path coefficients reveal how much each component contributes
to the overall level of brand engagement or loyalty.
1
Four factors usually account for over 85% of the variance, and adding
more factors was judged by Brand Keys developers to add complexity
but not explanatory value.
4. 4
Reporting. Brand assessments are presented to the client via charts displaying the four drivers in
the order of their importance to their customers across the horizontal axis and the level of
consumer expectation for each driver is identified on the vertical axis. (Figure 1)
The selected brand can be shown in comparison with the Ideal brand and/or the selected brand
when shown to consumers in a given media (or marketing) context.
Figure 1. Ideal Pizza Drivers
Brand Engagement Score
Importance of
Attributes, Benefits
and Values
Psychological
Assessment of
Consumer-Brand
Relationships
D 1 D 2 D 3 D 4
Emotional
Factors
Rational Factors
Driver Importance & Expectations
Brand Loyalty Estimate
5. 5
Figure 2. Comparison of Ideal Pizza with Domino’s
As with the emphasis on client involvement at project initiation, the reporting and client
discussion of findings is carefully tailored to the current business needs of the client, and
the analysis is detailed accordingly.
VALIDATION EVIDENCE
Numerous of validation studies have been provided by Brand Keys at national and international
symposia. Several are available on their website: www.brandkeys.com.
Krispy Kreme Donuts Case. One dramatic example resulted from their tracking of Krispy Kreme
Donuts during the period in which their sales experienced a dramatic decline (2003-2004). Brand
Keys metrics accurately predicted the decline due to unmet consumer needs/expectations six
months prior to the company reporting the declining same-store sales figures. The correlation
between the Brand Keys brand equity rating and the change in per store sales was .97.
Brand Keys Validation of Brand Engagement. Validation evidence has been accumulated from a
series of studies in the US, Mexico and Argentina. The Brand Engagement scores for television
channels/programs were shown to be significantly positively correlated with in-market behavior:
• Retailer store visits, spending per visit, and total spending in the US r = .87, .85, .99
• Purchase of a bread/bakery products brand in Mexico
(# items of brand, average price/item, average total spent on brand) r = .87, .84, .94
• Purchase of a beer brand in Argentina r = .88
Brand Keys Validation Brand Keys demonstrated the sensitivity and stability of their method
through the use of a “Stacked Bars Comparison” to show the efficacy of utilizing smaller sample
segments than are required with traditional, direct-inquiry question formats. In the foundation
survey conducted in the US and UK, 1,600 respondent assessments in each market were
“compared” utilizing groups of 10 respondents, i.e., 10 respondent assessments were analyzed.
6. 6
Then an additional 10 respondents were added to the first 10 respondents and that data was
analyzed – and compared to the Group #1 assessments. Additional groups of 10 respondents each
were assessed and added to the previously analyzed groups. The analysis showed that there were
no significant differences identified until total sample segments had been increased to 380
respondents.
In addition to the ongoing validation assessment by Brand Keys, two other parties have shared
validation analyses that they have conducted. These are summarized here, followed by several
examples produced by Brand Keys.
Aquetong Capital Advisors LLC shared with Brand Keys a comparison of Brand Keys’ Brand
Valuation Ranking and their composite of two financial performance ratios used by Aquetong
analysts: Total Enterprise Value (TEV)/EBITDA and TEV/Revenue. (TEV is the sum of market
capitalization and outstanding debt. EBITDA is an approximate measure of a company's
operating cash flow – Earnings Before Interest, Taxes, Depreciation and Amortization.)
Aquetong analysts found very strong correlations between their composite TEV score and Brand
Key’s ranking for brands in each of 10 categories. The squared correlation coefficients displayed
in Table 1 reveal the percent of variation in the Aquetong measures for each brand accounted for
by the Brand Keys measures.
Category R2
Energy .83
Office Equipment .84
Technology .84
Restaurants .85
Telcom .86
Wireless Providers .87
Retailers .87
Parcel Delivery .89
Airlines .90
Northwestern University’s Forum for People Performance Management and Measurement.
Professor Frank Mulhern of Northwestern University and Don Schultz and Heidi Schultz of
Agora, Inc. conducted a study linking employee and customer behavior to financial outcomes in
cooperation with Brand Keys. They studied the guest visitation and spending behavior for a large
international hospitality brand’s premier tier customers. One of the four psychological drivers,
Tries to Satisfy, was found to correlate highly with Total Spending Dollars and Spending per
Visit. This driver had been identified by Brand Keys as the driver in which consumers held the
highest expectations.
7. 7
ARF OPINION
Overview
The disciplined application of the Brand Keys approach to measuring brand equity, customer
loyalty, together with their engagement theory of brand equity and their survey, produce both a
consistent set of findings and overarching principles to guide their clients’ marketing activities.
This is especially important because of the complexity of the statistical tools employed to produce
the metrics and reports embodied by the Brand Keys approach.
The Brand Keys method provides clear and reliable metrics for assessing brand engagement and
brand loyalty. By focusing on consumer expectations, Brand Keys provides detailed guidance for
brand marketers seeking to increase brand loyalty and profitability.
Relevant ARF Principles and Guidelines
The Guidelines for Market Research published by the ARF in 2002 provide a valuable guide for
researchers seeking to produce high quality surveys, behavioral measurements, data analyses and
reports. A comparison of the Brand Keys methodology to relevant guidelines from that document
is provided in the table below.
Methodological Principles/Guidelines Brand Keys Compliance
Clients should be involved in setting the
objectives for the research and the objectives
should be clearly linked to the business needs.
In addition, the returns on the research
investment should be documented for the
clients.
Brand Keys employs a program of educating
first-time clients on the relationship between
measuring and monitoring brand engagement
to building brands and to maintaining profitable
customer loyalty. Client input is thoroughly
sought on:
-- the consumer target definition
-- the brands to be studied
-- the list of brand attributes, benefits and
values used in the study.
Survey design should minimize bias and
consumer burden while maximizing the quality
of the information and its relevance to the
study’s objectives.
The psychological assessment questions in the
measurement of brand engagement have been
carefully developed, assessed for test/re-test
reliability and externally validated in multiple
categories and countries.
Extraneous questions are avoided and the
duration of the interviews are kept to 10-20
minutes in the majority of surveys.
In sampling, the population definition should
correspond closely to the key prospects,
customers, or target audiences who are the
focus of the business issue or inquiry.
Care is taken in working with the client to
specify the appropriate population from which
to draw the survey sample. In addition, the
sample frame development is executed with
diligence. In addition, the selection of the
survey mode and the execution of the survey
are conducted in a way to maximize the
likelihood that the respondent is in that
population.
8. 8
Methodological Principles/Guidelines Brand Keys Compliance
In reporting the research conclusions must be
represented clearly, objectively, and
accurately.
Reporting is simplified by the use of simple bar
charts built around the four drivers presented in
the order of their importance to the consumer.
The brand attributes and benefits and
associated values are also presented in the
context of the four drivers.
It is important to retain the integrity of the
research findings by separating the findings
from the interpretation and recommendations.
Interpretation of findings and recommendations
are delivered as the experienced judgment of
Brand Keys executives and are thoroughly
reviewed and discussed with the client.
9. 9
Brand Keys Policies and Stakeholders
Brand Keys, Inc. is a privately held research company with offices in New York, NY. The
Robert Passikoff, Ph.D. is the President of Brand Keys. Dr. Passikoff is the recent author of
Predicting Marketing Success: New ways to predict customer loyalty and engage customers with
your brand. Brand Keys was founded by him in 1984.
According to Dr. Passikoff, “Brand Keys specializes in predictive loyalty and engagement
metrics that accurately forecast future consumer behavior. We believe that insights and
assessments should correlate with sales and profitability.”
Current Clients
ABC TV
Ann Taylor
Body Shop
Cablevision
Calvin Klein
Discover Financial
KeySpan Energy
Knight-Ridder
Masterchem
Neutrogena
OfficeMax
Press-Enterprise
Samsung
Scottrade
The New York Times
Toyota
Unilever Best Foods
Universal McCann
XM Satellite
Advisory Board
Marc E. Babej, President, Reason Inc.
Joseph Dell’Aquilla, Managing Partner, Continental Consulting
Jack Kaplan, Associate Professor, Entrepreneurship, Columbia University
Kerry O’Connor, General Manager, Mirror Group Newspapers, London, England
Don E. Schultz, Ph.D., Professor Emeritus-in-Service of Integrated Marketing Communications,
Medill School of Journalism, Northwestern University and President, Agora Consulting
Barry Sheehy, President, CPC Econometrics
Leonard Stein, President, Visibility Public Relations
Jack Trout, Founder, Trout & Partners
10. 10
Ethical Principles Brand Keys Compliance
Privacy policies. Researchers must respect the
rights of the individual to anonymity and
privacy.
Researchers must also reasonably ensure that
any confidential information provided to them is
protected against unauthorized access.
Brand Keys is diligent in the selection of the
field services that it selects, and maintains
strong relationships and oversight with the
management of those firms. Among the
research quality assessments that are
consistently monitored is respondent
anonymity and privacy protection.
Fully disclose methodology. Complete
information about research methods and
practices used, as well as all the data collected,
and its ownership, should be revealed to all
research subscribers and prospective
subscribers. …all methods used should be as
“transparent” as possible, thereby permitting
critical evaluation and replication.
The details of disclosure should include the
following at a minimum:
! a precise definition of the intended
measurement universe
! a detailed description of the sampling
frame
! if sampling is used, descriptions of
sample design, selection, incentives,
recruitment and screening procedures
! a detailed description of how
measurements were made
! empirical evidence of the validity of the
measurement method, if available
! a complete description of the data
processing (e.g., qualification, editing,
weighting, ascription and the
calculation)
In-depth client briefings prior to initiation of the
study include a review of: the survey design
and questionnaire; sample design and
procedures; analytic methods and procedures;
and reporting process and materials.
Recommended addition
We recommend that the Brand Keys compile
its technical documentation into a formal
Technical Guide covering the details of
disclosure noted in the left column here.
Research companies must take steps to
ensure the responsible use of their data in the
public domain – among clients, the press, and
others likely to cite their results in public
contexts.
Brand Keys, Inc. provides both the press and
companies seeking to utilize results of such
studies within a public context with supporting
and/or audit data to ensure responsible
application of findings. In addition, Brand Keys
adheres to the codes of ethics set by the
leading research organizations throughout the
world in order to ensure responsible use of
data and findings within all contexts. Brand
Keys is scrupulous in respecting and
guaranteeing respondent confidentiality.
11. 11
REFERENCES
Robert Passikoff, Predicting Marketing Success: New Ways to Predict Customer Loyalty and
Engage Customers with Your Brand, 2006, John Wiley & Sons.
Bob Lamons, “Sometimes Indirect Route Is Shortest Path,” Marketing News, February 15, 2006,
p. 6-7.
Robert Passikoff, “Winning Strategies for Consumers of All Ages,” Research World, April 2005,
pp. 34-35.
___ ,“Brand-to-Media Engagement,” Integrating Engagement Research Into Business, ESOMAR,
September 19, 2004.
___ ,“Let’s Move Research into the 21st
Century,” Revolution, March 2000, pp. 15.
ACKNOWLEDGEMENT
We gratefully acknowledge the contribution of the industry experts who reviewed this document
and provided several useful suggestions to the author:
Laura Bright – Consultant
Mark Loughney – VP, Sales & Strategy Research – ABC Television Network
Beth Uyenco – Director, Research MSN – MSN
Charlene Weisler – SVP, Director of Research – Rainbow Advertising