Understanding of reference groups

Assignment Help Business Management
Reference no: EM132831676

Marketers are now working to harness the new-found communications power of their everyday customers by turning them into influential brand ambassadors, Companies like Sony, Microsoft and McDonald's are now developing a new breed of brand ambassador programs that organize and multiply consumer to consumer interactions about their brands. Marketers select their brand ambassadors very carefully, based on customers' devotion to brand and the size of their social circles. For the ambassador, rewards include product samples, gifts discounts and token cash payments. Perhaps most important to many brand enthusiasts, they get inside access to company's information about new product and services about to be launched. One such success story was Sony. Sony used brand ambassadors to jumpstart the launch of its new GPS camera, a high tech device that draws on satellite tracking technology to let you record the exact location of every picture you take and later map them out using Google maps. Out of 2000 or more online applicants, Sony picked only 25 brand ambassadors. The ambassadors were given a free camera and other equipment along with lesson on how to use them. They were encouraged to show the camera to friends, associates, and anyone else who asked hand-out discount coupons and blog weekly about their travel and picture taking adventures on a dedicated Sony micro site.

Q. Read the above case description carefully and answer the below questions.

1. Based on your own understanding of reference groups, how effective would brand ambassadors be as reference groups for relatively expensive, infrequently bought product and services? How would your answer change if the product in question was detergent or cooking oil?

2. In your view, in the Pakistani marketing context, is the concept of brand ambassadors likely to succeed? Justify your answer. What public available criteria would you use to select the Ambassadors?

Reference no: EM132831676

Questions Cloud

Difference between living by faith and living by sight : -Describe the difference between living by faith and living by sight and support your answer with scripture.
What ethical concerns will the company face in pakistan : 1. An American company is introducing a line of canned soups in Pakistan.
Search in internet for ford motor company : What are Ford Motor company mission statement and the names and background of the key leaders?
What costs should be assigned to equipment : Company A made a lump sum purchase of three pieces of equipment for P2,000,000 from Nihon Company. What costs should be assigned to equipment
Understanding of reference groups : Based on your own understanding of reference groups, how effective would brand ambassadors be as reference groups for relatively expensive
Difference between extrinsic and intrinsic motivation : What motivates you? Which theories of motivation do you think best explain your own motivation?
How much is the interest income for the year ending december : The present value of an ordinary annuity of 1 for three periods is 2.4018. How much is the Interest income for the year ending December 31, 2021
LAW 6001 Taxation Law Assignment : LAW 6001 Taxation Law Assignment Help and Solution, Laureate International Universities - Assessment Writing Service - Identify and analyse the tax treatment
Prepare the journal entry to record the purchase order : On January 18, purchase order #12098 was approved to acquire 30 ink cartridges for $22 each from Office Depot. Prepare the journal entry to record the purchase

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd