Branding in B2B: the value of consumer goods brands in industrial markets
| Autor: | Eric Viardot |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Marketing
Leverage (finance) business.industry Brand awareness 05 social sciences Mature market Equity (finance) Advertising Brand management Brand extension 0502 economics and business 050211 marketing Brand equity Business and International Management Market share business 050203 business & management |
| Zdroj: | Journal of Business & Industrial Marketing. 32:337-346 |
| ISSN: | 0885-8624 |
| DOI: | 10.1108/jbim-11-2014-0225 |
| Popis: | Purpose This paper aims to explore whether consumer goods brands (CGBs) have more brand equity than exclusively professional brands (EPBs) do in the context of the industrial detergents market. Design/methodology/approach The author conducted direct customer interviews at the outlets of two large wholesale distribution retail chains. The sample included 211 respondents. Findings The study shows that CGBs do have brand equity in business-to-business (B2B) market. First, they enjoy a greater top-of-mind awareness than do EPBs. Second, they have a distinctive brand image, as they are perceived as being more efficient and more expensive than are EPBs. Research limitations/implications There are three main limitations. First, the results may reflect industry-specific factors that are not representative of all professional markets. Second, the products studied are relatively low in price compared to other categories of professional products. Third, the sample market is a mature market characterized by a modest growth rate and limited development in related markets. However, these limitations do not discredit the results of the study. Conversely, they invite further research on the subject of CGBs extending into professional markets. Future research could examine other product categories as well as the use of an experimental approach to validate and generalize the primary results. Practical implications This research has implications for business-to-consumer marketing professionals looking to leverage the equity of their CGBs in the B2B space. In addition, this work can help B2B marketing professionals better defend their market share in the face of well-known CGB entering their market. Originality/value This study represents an exploratory analysis, as the author has not any found prior work on this topic. In addition to these original results, the paper contributes to a better understanding of the concept of brand equity in B2B for academics and provides new insights for industrial marketers regarding branding in B2B. |
| Databáze: | OpenAIRE |
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