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1
Brand Tracker
          Phase II – Brand Equity
              Measurement

               A report submitted to
                 Prof. Govindrajan

In partial fulfillment of the requirement of the course
            Product and Brand Management
                    th
               On 4 September 2011


                             By
                   Rakesh Gakare (B10021)
                   Sharath Ghosh (B10024)
                 Shishir Ramkumar (B10025)
                 Siddharth Goutam (B10030)




                          2
Executive Summary
Brand Equity as a concept tries to answer a fundamental question-whether brands truly are assets that
enable the business to generate superior returns over time? As such it a strategic tool but is almost
impossible to quantify. There are many models which try to measure Brand Equity taking into
consideration a varied range of parameters like differentiation, relevance, satisfaction etc. but no model
has been able to measure brand equity in its entirety yet.

In this phase of the brand tracker project we have undertaken a study to effectively measure the equity
of the brand HP. The study has been conducted with the help of two models: (i) Brand Equity Eleven (a
variance of Aaker’s Brand Equity Ten model) and (ii) Multi attribute regression model. The study was
conducted on a sample size of 50, the instrument of data collection was an online questionnaire and
appropriate statistical tools were used wherever appropriate.

Brand Equity Eleven model tries to measure brand equity by taking into consideration 11 attributes that
in our opinion build up to brand equity. A comparative study was done with 3 other competitors of
HP(Dell, IBM and Apple) across these 11 attributes on a rating scale and a Brand Equity Index was
created at the end to see how each brand varies from the base for each parameter. HP was positioned
3rd amongst the competition which lead to the conclusion that it has a low brand equity. HP needs to
work on its after sales service also it should try to improve the quality of its product through innovation
to make it reliable as well as value for money product and also try to differentiate itself from its
competitors.

The multi attribute regression model was developed by the group with consumer buying behavior while
purchasing technological products as its base. This model analyzed the various factors that consumers
take into consideration while buying a technological product & their relative importance and what is the
position of these factors in the consumers mind when it comes to the brand HP. Then these attributes
were clubbed under the pillars Brand Loyalty, Price Premia and Leveragability. Regression analysis was
done to establish the relationship of the factors with the pillars then a further regression was done to
find the brand equity on the basis of the aforementioned pillars. Statistical looks like Anova, Multiple
regression models etc. were used to measure brand equity. From this model we found that HP is a
leverageable brand but it has problems with quality and after sales service. It has improve its position in
the field of after sales service by coming out with concepts like on site servicing, replaceable parts
warranty etc also it should try to improve its quality by coming out with reliable and value for money so
as to improve brand loyalty and its ability to charge a premium. HP can try and get into the automobile,
FMCG, accessories and health care sector. It was also found that Brand Equity of HP is very sensitive to
customer service, value for money, price and quality attributes, any change in these attributes will lead
to a huge change in brand equity of HP.




                                                     3
Table of Contents


Executive Summary…………………………………………………………..…………….….….. 3

Defining Brand Equity…….……………………………………………….…………………….. 5-9

Measuring Brand Equity – Aaker’s Brand Equity Eleven .…………………….… 10-12

Measuring Brand Equity – Multi Attribute Regression Model ……………..… 13-18

Recommendation…………………………………………………………………………………… 19-22

Annexure…………..…………………………………………………………………………………… 23-31

Reference………….……………………………………………………………….…………………… 32




                                    4
5
How Brand Equity Generates Value?




                                                                          Provides Value to
                                                                          Customer by Enhancing
                                     Reduced Marketing Costs              Customer’s:
                                     Trade Leverage
                                                                                Interpretation/
                                     Attracting New Customers
                                                                                 Processing of
                  Brand Loyalty               Create Awareness
                                                                                 Information
                                              Reassurance
                                                                                Confidence in
                                     Time to Respond to Competitive
                                     Threts                                      the Purchase
                                                                                 Decision
                                                                                Use Satisfaction

                                     Anchor to which other Associations
                                     could be Attached
                Brand Awareness      Liking
                                     Signal of Commitment                 Provides Value to Firm
                                     Brand to be Considered               by Enhancing:
 Brand Equity




                                                                                Efficiency and
                                     Reason-To-Buy                               Effectiveness of
                                     Differenciate/Position                      Marketing
                Perceived Quality    Price                                       Programs
                                     Channel Member Interest                    Brand Loyalty
                                     Extentions                                 Prices/Margins
                                                                                Brand
                                                                                 Extensions
                                     Help Process/Retrive Information           Trade Leverage
                                     Reason-to-Buy                              Competitive
                Brand Associations   Create positive attitude/feeling            Advantage
                                     Extentions




                Other Propeitary     Competitive Advantage
                 Brand Assets




                                         6
Conceptualizing Brand Equity




                                        Drive Toward or
                                         Against Brand




                          Perception/                  Customer
                                                        behavior        Worth of the
Product                   Knowledge                  Discrimination       Brand
                           structure                   and value




              Brand                                   Brand Equity
          Communication
           and Contacts                                   (Surplus ±)




                                              7
What is Brand Equity?
Brand Equity is the marketing effects and outcomes that a product has with its brand name compared to
what it would get if the same product did not have a brand name. The fact is that the company that
owns a well-known brand can charge a premium from its customers. The fact is that, the consumer’s
knowledge plays an important role here. The consumer’s knowledge about the brand makes the
manufacturers and the advertisers act differently or take different measures for the marketing of the
brand. Brand equity is one of the factors that can increase the financial value of the brand to the brand
owner. Even though brand equity is strategically crucial it is at the same time almost impossible to
quantify.

The purpose of brand equity metrics is to measure the value of the brand. A brand encompasses the
name, logo, and perceptions that identify a product, a service or a provider in the minds of the
consumers. This takes the form of advertising, packaging and other forms of marketing communication
and becomes the focus of the relationship with the consumers. The 3 primary metrics that is used to
measure or quantify brand equity are i) Loyalty towards the brand, ii) Ability of the brand to charge a
premium and iii) Ability of the brand to leverage its brand name through brand extensions.

The concept of brand equity began in the 1980’s by some advertising agencies and was popularized by
Aaker through his bestselling book Managing Brand Equity. Since then there have been major
developments in the field of brand equity with various agencies developing their own models to
quantify this intangible power of an intangible
asset. Some of these models are:

       Equity Engine: Equity Engine, developed
        by Research International, is one of the
        most elegantly parsimonious models of
        brand equity. Essentially, it expresses
        brand equity as a combination of the
        functional benefits delivered by the brand
        (performance) and the emotional benefits
        (affinity). Equity Engine incorporates a
        form of conjoint methodology that
        establishes the price premium that a
        brand's equity will support while still
        maintaining a "good value for money"
        rating from customers.



       Equity Builder: This method developed by
        the Ipsos Group is unique amongst all the
        models created to measure brand equity
        focuses on establishing the emotional
        component of brand equity.


                                                     8
   Kevin Lane Keller's Model: This is a
    proprietary tool which is used to measure
    brand equity by looking at the brand as a
    blend of the rational and emotional
    which are measured in terms of brand
    performance and imagery. Customer’s
    relationship to a brand is then plotted in
    terms of their altitude on the pyramid of
    engagement and their relative bias
    towards a rationally dominant or
    emotionally dominant relationship is
    established.


   BrandDynamics: This model is developed
    by Millward Brown with the notion of an
    engagement pyramid as its foundation.
    This approach classifies the relationship
    that a customer has with a brand into
    one of the five stages: presence,
    relevance, performance, advantage, and
    bonding.



   Winning Brands: This methodology has

    been developed by ACNielsen. Winning
    Brands begins from a behavioral
    observation of brand equity. Brand
    equity is then measured in terms of a
    customer's frequency of purchase and
    the price premium paid.
   BrandDynamics: This model is developed
    by Millward Brown with the notion of an
    engagement pyramid as its foundation.
    This approach classifies the relationship
    that a customer has with a brand into
    one of the five stages: presence,
    relevance, performance, advantage, and
    bonding.
   Winning Brands: This methodology has been developed by ACNielsen. Winning Brands begins
    from a behavioral observation of brand equity. Brand equity is then measured in terms of a
    customer's frequency of purchase and the price premium paid.



                                                 9
10
Measuring Brand Equity:
There exists many-a-model to measure brand equity but there isn’t any one single model that can
quantify this abstract concept known as Brand Equity in all its glory. We have used two models to
measure this concept:

     A variance of the famous Brand Equity Ten developed by David Aaker
     A multi attribute regression model based on consumer buying behavior


Brand Equity Ten:
David Aaker has defined Brand Equity as a set of assets (and liabilities) linked to a brand's name and
symbol that adds to (or subtracts from) the value provided by a product or service to a firm and/or that
firm's customers. Aaker highlights 10 attributes of a brand that can be used to assess its strength. These
include Differentiation, Satisfaction, Perceived Quality, Leadership, Perceived Value, Brand Personality,
Organizational Associations, Brand Awareness, Market Share and Distribution coverage. In developing a
variance of this model what we have done is replace the organizational association, market share and
brand personality parameters with a price premium so as to gauge the perception of the consumers
along the metrics of brand loyalty and the brand’s ability to charge a premium. In order to analyze the
brand equity of HP it was compared to three of its primary competitors- Dell, IBM and Apple.

Aaker doesn't weight the attributes or combine them in an overall score, as he believes any weighting
would be arbitrary and would vary among brands and categories. Rather he recommends tracking each
attribute separately. Therefore we have developed a Brand Equity Index which was developed with the
overall score that the brands received in comparison to a base figure. The being the average score that
the respondents can give.
(Average rate for each parameter 3, no of respondents 50 and average score 50*3=150)


Analysis of the model with individual parameters:

    (for the calculations please refer to Brand Equity Excel sheet attached)
              Positive variation from the base figure- Positive Brand Equity
              Negative variation from the base figure-Negative Brand Equity

Brand awareness: HP has a score which is only 15% above the base. Position of HP 3rd .

Technological leadership: HP is 24% higher than the base but apple has a 52% higher score over the
base. Position of HP under this parameter is 3rd.

Worldwide presence: HP has 40% higher score in this parameter than the base while Dell has score 3%
more. Position of HP 2nd.

 Willingness to pay a premium: Under this parameter HP has a negative 3% variation from the base
score while the average variance is 6%. This positive variance is the result of higher inclination of
respondents to pay higher premium to Apple brand. Position of HP 3rd




                                                                      11
Willingness to recommend: Willingness to recommend is the ultimate test of customer satisfaction and
      in this factor, HP fails miserably in comparison with other competitors as it has only a 3% variance from
      the base only while the average variance is 19% positive and Dell has 37% positive variance from the
      base in this category. Position of HP 3rd

      Reliability of the brand: The average variance is 23% above the base but HP has only 14% variance from
      the base. This shows that HP has a lower reliability perception in comparison to the industry average.
      Position of HP 3rd.

      Value for money: In this parameter, HP has a very low variance of 5% from the base while Dell leads this
      segment with a 41% variance. Position of HP 4th

      Innovativeness: In this parameter there is positive average variance of 22% from the base. In this regard
      also HP fails miserably by having only 11% variance from the base while Apple has a 55% positive
      variance from the base. Position of HP 3rd

      Quality: In this pillar for determining brand equity HP has only 15% positive variance while Apple is the
      leader in this segment with a 50% positive variance from the base. Position of HP 3nd

      Customer service quality: In this category Dell is clear-cut winner with 43% positive variance while HP
      just manages to hang on with 1% positive variance. Position of HP 3rd

      Differentiated: HP scores higher than the average variance with a 15% higher score from the base.
      Position of HP 2nd

      Overall Experience: HP has a negative variance of 8% from the base in this pillar for measuring brand
      equity. Position of HP 3rd



              Brand Equity Index
250

200

150
                                                                                                      Assumed Average
100
                                                                                                      Actual Average

50                                                                                                    IBM
                                                                                                      HP
 0                                                                                                    Dell
                                                                                                      Apple




                                                          12
13
Multi Attribute Regression Model
(for detailed calculation please refer to the brand equity excel sheet attached)

This model has been designed keeping in mind the consumer buying behavior towards technological
products. This model looks at the three metric of brand equity-brand loyalty, price premia and
leveragability. This model looks at two things the relevance of attributes in the mind of a consumer and
position of that attribute in the respondent’s mind when it comes to the brand HP. A regression model
was developed to quantify the three metrics as per the independent variables that is related to them. It
was done by creating a best fit line for each. The best fit line equation is

                                Y = (mx1+mx2+…+mxn)+C, where m= R2(slope of the line)
                                                              X= independent attribute
                                                              Y= dependent attribute

For each of the metric on which the Brand equity has to be measured attributes were assigned to each
on the basis of a correlation and proximity matrix. Every attribute was then given a weightage as per the
relevance of the attribute in the mind of the consumers.


  50
  45
  40
  35
  30
  25
  20
                                                                            Agree
  15
                                                                            Neutral
  10
                                                                            Disagree
   5
   0




The above graph shows how the weightages were derived.




                                                   14
Brand Loyalty

Based on the correlation and the proximity matrix, 7 independent variable attributes have been taken
and measured against a dependent variable or attribute. Individual weightage of the attributes have
been taken according to the relevance of those attributes in consumer’s mind and thereby a score for
HP is generated. A total score is also generated by multiplying the weights and the maximum possible
rates that the respondent has given. Accordingly HP was analyzed. The percentage score have been
generated to show the position of HP and the scope of improvement.


  250

  200

  150

  100                                                              Total Score

   50                                                              HP Score

    0




Ability to Charge Premium

The percentage score of HP has been generated in a similar way as shown above. Here an ANOVA and
regression analysis has been done to get an overall picture of the perception of the consumers about
the attributes among various brands vis-a-vis the willingness of the consumers to pay a premium and
accordingly the recommendations are made.


   180
   160
   140
   120
   100                                                                    Total Score
    80
    60                                                                    HP Score
    40
    20
     0
             Pay    Innovative   Quality     Price        CS
          Premium




                                                     15
Brand Leveragability

The analysis has been done taking into consideration how differentiated the brand is in the minds of the
consumer and then compared with the importance of the attribute differentiation in the mind of the
consumers. A hypothesis has been taken which states that HP is a leverageable brand. By executing
ANOVA and Regression analysis the hypothesis has been accepted. The bar graph below shows the
willingness of the consumer to buy diversified products such as cars apparels etc. produced by
technological brands and the willingness to buy the same diversified products if produced by HP.


             I agree that technological companies can make
                              the followings
                           healthcare
                              20%
                                                        car
                                                        27%

                                    Accessory                 FMCG
                                      33%                      20%




   35

   30

   25
                                                                                              Agree
   20                                                                                         Neutral
   15                                                                                         Disagree
                                                                                              HP
   10

    5

    0
               car               FMCG             Accessory          healthcare




                                                   16
Brand Equity combining 3 Pillars

Brand equity has been calculated by using the best fit line regression equation keeping Brand Equity on
the Y axis and the 3 pillars on the X axis. This shows the sensitivity and the strength of the relation
between the overall brand equity and the pillars and also shows the strength of the relation in between
the 3 pillars.


                                          R square = 0.390
 R square is the slope of the regression line which shows how sensitive is the brand equity to the 3 pillars
that constitute the brand equity. Similarly R square for the different attributes that make up each of the
pillar have been calculated which depicts how sensitive is the following attribute to the final Brand
Equity.


The overall scores have been calculated of each of the 3 pillars for different consumer responses. The
correlation and the variations among the responses for different attributes of the individual pillars have
been calculated and thereby weights have been provided. The Brand Equity has been calculated by
taking the average of the values of the 3 pillars provided by individual respondents and has been
incorporated in the Y axis. The X axis constitutes of the 3 pillars. Accordingly a best fit line has been
generated using regression analysis.

The diagram below shows the regression line. (l-leveragability, p-premium and lo-loyalty)

                 5
                4.5
                 4
                3.5                                                                                l
                 3
   Axis Title




                                                                                                   p
                2.5
                                                                                                   lo
                 2
                                                                                                   Linear (l)
                1.5
                 1                                                                                 Linear (p)
                0.5                                                                                Linear (lo)
                 0
                      0   0.5   1   1.5      2       2.5      3       3.5      4       4.5
                                             Axis Title


The above graph plots the 3 pillars that define Brand Equity. Here Brand Loyalty, Brand Leveragability
and Price premia are the dependent variables while the attributes pertaining to them are the
independent variables.




                                                     17
4.5

     4

   3.5

     3

   2.5
                                                                                         Series1
     2
                                                                                         Linear (Series1)
   1.5

     1

   0.5

     0
         0          1            2            3            4            5


The above graph shows the best fit line for Brand Equity of HP , brand equity= dependent variable while
Brand Loyalty, Brand Leveragability and Price premia are the dependent variables




                                                  18
19
Recommendations:

Brand Equity Eleven

   In the brand awareness parameter HP is ranked 3rd amongst its competitors. HP has to improve
    its standing in this category through better communication with its existing as well as potential
    consumers
   HP historically has been considered a leader when it comes to technology but at this point time
    in the minds of its consumers it is trailing behind Apple and IBM. This shows that HP has to come
    up with more innovative as well as technologically advanced products.
   From the survey it was seen that people are not willing to pay a premium for HP products. This
    ability of a brand to command a premium comes from various attributes like innovation,
    reliability, quality and after sales service. As HP scores low in all these attributes its ability to
    charge a premium also gets negatively affected. It should do something with these individuals
    attributes to get back this power like:
               Improve its product through R & D so as to seem like a reliable and a qualitative
                  product in the minds of its consumers
               Come up with innovative and differentiated products to counter its competition
               Improve its after sales service as in case of technological products it is critical, HP
                  can take a leaf out of Dell’s book for after sales service
   HP is placed 3rd in the parameter of recommendation to others. It is disturbing as willingness to
    recommend is most critical measure of brand satisfaction. This shows that its customers aren’t
    happy with the brand. As satisfaction is a function of all the 10 attributes under satisfaction.
    Improvement in these attributes will lead to an automatic increase in the satisfaction
    parameter.




Multi Attribute Regression Model
      (for detailed calculations please refer the attached excel sheet)

                   Pillars                                   Percentage Score of HP   Percent scope of improvement
               Brand Loyalty                                          63.5                        36.5
        Ability to charge Premium                                    62.42                        35.58

            Brand Loyalty: From the above figure we see that there is 36.5% scope for
             improvement, it can be done by improving HP’s position in the attributes that constitute
             brand loyalty namely- satisfaction, willingness to pay premium, recommendation,
             awareness, reliability, quality, customer service and value for money.

            Ability to charge premium: As the table shows that even though HP can charge a
             premium there is still a scope for improvement to the extent of 35.58%. This can be
             done by innovating the products and improving their quality(both the product and the
             after sales service)




                                                                   20
 Brand Leveragability: From the analysis of the brand it was found that HP is a
              leverageable brand. As per the graphs shown previously (in the analysis portion) it can
              be deduced that HP can safely enter into automobiles, accessories, FMCG and health
              care products.


Overall Recommendations:

       Importance of the attributes and their position for each brand:


          4.5
            4
          3.5
            3                                                       importance
          2.5
                                                                    adjusted importance
            2
          1.5                                                       ibm
            1                                                       hp
          0.5                                                       dell
            0
                                                                    apple




From the above graph we see that HP needs to work on its after sales service as it is the most important
criteria for a technological product. The second most important criteria are quality followed by value for
money. In these two HP is lower than Apple and Dell. HP need to work on improving the quality of the
product which will lead to the product being reliable and a value for money product.

       Position of each brand in the following attributes:

                 5
                 4
                 3
                                                                                 ibm
                 2
                 1                                                               hp

                 0                                                               dell
                                                                                 apple




                                                    21
HP has to improve its awareness through better communication strategies and has to improve its
standing in recommendation and leadership parameters by improving its product along the lines
mentioned above. This will automatically lead to an improvement across the three metrics which will
enable HP to improve its brand equity

           Brand Equity


 4.5
                                                                                   Attributes        Ranks as per
                                                                                                       2
   4                                                                                                 R
                                                                                      Reliability          5
 3.5                                                                                   Value for           2
   3                                                                                    money
                                                                                     Innovation            7
 2.5                                                                                   Quality             4
                                                                Series1
   2                                                                                    Price              3
                                                                Linear (Series1)      Customer             1
 1.5                                                                                   service
                                                                                   Differentiation         6
   1

 0.5

   0
        0          1       2       3         4          5




The most sensitive feature that affects brand equity is customer service, followed by value for money,
price and then quality. So any increase or decrease in these parameters will have a huge impact on the
brand equity. A change towards the positive will increase the brand equity while a negative change will
decrease it.

*The survey result might be a bit skewed towards the negative side as just before this exercise started
there was this news that proclaimed HP’s plan to sell off its PC and Pad division.




                                                   22
23
Questionnaire
1. On a scale of 1-5 rate your awareness (knowledge about the brand its logo, tagline, etc.) for the following
brands (1-not at all aware , 5- highly aware) *

                                   1 (not at all                                              5 (highly
                                                       2              3             4
                                      aware)                                                   aware)
                   IBM

                     HP

                 DELL

                APPLE


2. On a scale of 1-5 rate the following brands on the basis of its technological leadership position viz-a-viz its
competitors (1-lagging behind others , 5- leader) *

                                    1 (lagging
                                      behind           2              3             4         5 (leader)
                                      others)
                   IBM

                     HP

                 DELL

                APPLE


3. On a scale of 1-5 rate the following brands on the basis of world wide presence (1-relatively lower world
wide presence , 5-relatively higher world wide presence) *

                                 1 (relatively                                             5 (relatively
                                 lower world                                               higher world
                                                      2              3             4
                                     wide                                                      wide
                                  presence)                                                  presence)
                 IBM

                   HP

               DELL

              APPLE


                                                       24
4. On a scale of 1-5 rate your willingness to pay a premium for the following brands (1-not at all willing to
pay a premium , 5- absolutely willing to pay a premium) *

                                 1 (not at all
                                                                                           5 (absolutely
                                  willing to
                                                      2              3             4       willing to pay
                                    pay a
                                                                                            a premium)
                                  premium)
                 IBM

                   HP

                DELL

              APPLE


5. On a scale of 1-5 rate your willingness to recommend the following brands to others (1-not at all
recommended , 5- highly recommended) *

                                1 (not at all                                                5 (highly
                                                      2             3            4
                              recommended)                                                recommended)
                IBM

                 HP

              DELL

             APPLE

6. When I buy a technological product, I look for reliability *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

7. On a scale of 1-5 rate your how reliable are the following brands (1-not at all reliable, 5- highly reliable) *

                                  1 (not at all                                               5 (highly
                                                       2             3               4
                                   reliable)                                                  reliable)
                  IBM

                    HP


                                                          25
1 (not at all                                            5 (highly
                                                     2                3            4
                                   reliable)                                               reliable)
                DELL

                APPLE
8. When I buy a technological product, I look for value for money *

    Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

9. On a scale of 1-5 rate the following brands on the parameter of value for money (1-not at all value for
money, 5- high value for money) *

                                  1 (not at all                                             5 (high
                                   value for         2                3            4       value for
                                    money)                                                  money)
                  IBM

                   HP

                DELL

                APPLE
10. When I buy a technological product, I look for how innovative is the brand *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

11. On a scale of 1-5 rate the following brands on the parameter of their innovativeness (1-not at all value
innovative, 5- highly innovative) *

                                1 (not at all                                             5 (highly
                                                     2            3                4
                                innovative)                                              innovative)
                 IBM

                  HP


                                                      26
1 (not at all                                               5 (highly
                                                      2             3               4
                                 innovative)                                                innovative)
                DELL

              APPLE
12. When I buy a technological product, I look for quality of its offerings *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

13. On a scale of 1-5 rate the following brands on the parameter of the quality of their offerings (1-inferior
quality, 5- superior quality) *

                                  1 (inferior                                               5 (superior
                                                      2              3              4
                                   quality)                                                  quality)
                  IBM

                    HP

                DELL

                APPLE
14. When I buy a technological product, I look for the price of its offerings *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree




15. Rate the following brands on the parameter of price *

                                                         bargain
                                 low price, low price,
                                                         price -                 getting       too
                                  quality is quality is
                                                        value for               expensive   expensive
                                   suspect not suspect
                                                         money

                                                       27
bargain
                                low price, low price,
                                                        price -              getting           too
                                 quality is quality is
                                                       value for            expensive       expensive
                                  suspect not suspect
                                                        money
                 IBM

                   HP

                DELL

              APPLE

16. When I buy a technological product, I look for the quality of customer service *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

17. On a scale of 1-5 rate the following brands on the parameter of customer service quality (1-inferior
customer service, 5- superior customer service) *

                                  1 (inferior                                              5 (superior
                                  customer           2              3             4         customer
                                   service)                                                  service)
                 IBM

                   HP

                DELL

                APPLE
18. When I buy a technological product, I look how differentiated is the brand in its offerings *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

19. On a scale of 1-5 rate the following brands on the parameter of how differentiated are their offerings (1-
not at all differentiated, 5- highly differentiated) *


                                                       28
1 (not at all                                             5 (highly
                                                      2          3            4
                              differentiated)                                         differentiated)
                IBM

                 HP

              DELL

             APPLE
20. I believe that technological brands can make great cars *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

21. My willingness to buy HP cars *

                             1        2   3   4   5
not at all willing to buy                             highly willing to buy
22. I believe that technological brands can make great FMCG products (body wash, shampoo,carbonated
drinks, etc.) *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

23. My willingness to buy HP FMCG products (body wash, shampoo,carbonated drinks, etc.) *

                             1        2   3   4   5
not at all willing to buy                             highly willing to buy




24. I believe that technological brands can make great accessories (watches, apparels, belts, shoes, bags,
etc.) *

     Strongly Disagree

     Disagree


                                                      29
Neither Disagree nor Agree

     Agree

     Strongly Agree

25. My willingness to buy HP accessories (watches, apparels, belts, shoes, bags, etc.) *

                             1     2    3    4    5
not at all willing to buy                             highly willing to buy

26. I believe that technological brands can make great health care products (health drinks, energy drinks,
etc.) *

     Strongly Disagree

     Disagree

     Neither Disagree nor Agree

     Agree

     Strongly Agree

27. My willingness to buy HP healthcare products *

                             1     2    3    4    5
not at all willing to buy                             highly willing to buy

28. Choose the personality that best describes IBM *You can choose multiple boxes

     Professional

     Cool/Trendy

     Competent

     Accomplished

     Innovative




29. Choose the personality that best describes HP *You can choose multiple boxes

     Professional

     Cool/Trendy

     Competent

     Accomplished
                                                      30
Innovative

30. Choose the personality that best describes DELL *You can choose multiple boxes

     Professional

     Cool/Trendy

     Competent

     Accomplished

     Innovative

31. Choose the personality that best describes APPLE *You can choose multiple boxes

     Professional

     Cool/Trendy

     Competent

     Accomplished

     Innovative

32. My overall experience with the following brands (if I have used any of the following) have been

                                1 (Highly                                                 5 (Highly
                                                     2             3            4
                               Dissatisfied)                                              Satisfied)
                  IBM

                    HP

               DELL

             APPLE




                                                     31





             




     




                 




         




32

                         

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Brand Equity Measurement of HP

  • 1. 1
  • 2. Brand Tracker Phase II – Brand Equity Measurement A report submitted to Prof. Govindrajan In partial fulfillment of the requirement of the course Product and Brand Management th On 4 September 2011 By Rakesh Gakare (B10021) Sharath Ghosh (B10024) Shishir Ramkumar (B10025) Siddharth Goutam (B10030) 2
  • 3. Executive Summary Brand Equity as a concept tries to answer a fundamental question-whether brands truly are assets that enable the business to generate superior returns over time? As such it a strategic tool but is almost impossible to quantify. There are many models which try to measure Brand Equity taking into consideration a varied range of parameters like differentiation, relevance, satisfaction etc. but no model has been able to measure brand equity in its entirety yet. In this phase of the brand tracker project we have undertaken a study to effectively measure the equity of the brand HP. The study has been conducted with the help of two models: (i) Brand Equity Eleven (a variance of Aaker’s Brand Equity Ten model) and (ii) Multi attribute regression model. The study was conducted on a sample size of 50, the instrument of data collection was an online questionnaire and appropriate statistical tools were used wherever appropriate. Brand Equity Eleven model tries to measure brand equity by taking into consideration 11 attributes that in our opinion build up to brand equity. A comparative study was done with 3 other competitors of HP(Dell, IBM and Apple) across these 11 attributes on a rating scale and a Brand Equity Index was created at the end to see how each brand varies from the base for each parameter. HP was positioned 3rd amongst the competition which lead to the conclusion that it has a low brand equity. HP needs to work on its after sales service also it should try to improve the quality of its product through innovation to make it reliable as well as value for money product and also try to differentiate itself from its competitors. The multi attribute regression model was developed by the group with consumer buying behavior while purchasing technological products as its base. This model analyzed the various factors that consumers take into consideration while buying a technological product & their relative importance and what is the position of these factors in the consumers mind when it comes to the brand HP. Then these attributes were clubbed under the pillars Brand Loyalty, Price Premia and Leveragability. Regression analysis was done to establish the relationship of the factors with the pillars then a further regression was done to find the brand equity on the basis of the aforementioned pillars. Statistical looks like Anova, Multiple regression models etc. were used to measure brand equity. From this model we found that HP is a leverageable brand but it has problems with quality and after sales service. It has improve its position in the field of after sales service by coming out with concepts like on site servicing, replaceable parts warranty etc also it should try to improve its quality by coming out with reliable and value for money so as to improve brand loyalty and its ability to charge a premium. HP can try and get into the automobile, FMCG, accessories and health care sector. It was also found that Brand Equity of HP is very sensitive to customer service, value for money, price and quality attributes, any change in these attributes will lead to a huge change in brand equity of HP. 3
  • 4. Table of Contents Executive Summary…………………………………………………………..…………….….….. 3 Defining Brand Equity…….……………………………………………….…………………….. 5-9 Measuring Brand Equity – Aaker’s Brand Equity Eleven .…………………….… 10-12 Measuring Brand Equity – Multi Attribute Regression Model ……………..… 13-18 Recommendation…………………………………………………………………………………… 19-22 Annexure…………..…………………………………………………………………………………… 23-31 Reference………….……………………………………………………………….…………………… 32 4
  • 5. 5
  • 6. How Brand Equity Generates Value? Provides Value to Customer by Enhancing Reduced Marketing Costs Customer’s: Trade Leverage  Interpretation/ Attracting New Customers Processing of Brand Loyalty Create Awareness Information Reassurance  Confidence in Time to Respond to Competitive Threts the Purchase Decision  Use Satisfaction Anchor to which other Associations could be Attached Brand Awareness Liking Signal of Commitment Provides Value to Firm Brand to be Considered by Enhancing: Brand Equity  Efficiency and Reason-To-Buy Effectiveness of Differenciate/Position Marketing Perceived Quality Price Programs Channel Member Interest  Brand Loyalty Extentions  Prices/Margins  Brand Extensions Help Process/Retrive Information  Trade Leverage Reason-to-Buy  Competitive Brand Associations Create positive attitude/feeling Advantage Extentions Other Propeitary Competitive Advantage Brand Assets 6
  • 7. Conceptualizing Brand Equity Drive Toward or Against Brand Perception/ Customer behavior Worth of the Product Knowledge Discrimination Brand structure and value Brand Brand Equity Communication and Contacts (Surplus ±) 7
  • 8. What is Brand Equity? Brand Equity is the marketing effects and outcomes that a product has with its brand name compared to what it would get if the same product did not have a brand name. The fact is that the company that owns a well-known brand can charge a premium from its customers. The fact is that, the consumer’s knowledge plays an important role here. The consumer’s knowledge about the brand makes the manufacturers and the advertisers act differently or take different measures for the marketing of the brand. Brand equity is one of the factors that can increase the financial value of the brand to the brand owner. Even though brand equity is strategically crucial it is at the same time almost impossible to quantify. The purpose of brand equity metrics is to measure the value of the brand. A brand encompasses the name, logo, and perceptions that identify a product, a service or a provider in the minds of the consumers. This takes the form of advertising, packaging and other forms of marketing communication and becomes the focus of the relationship with the consumers. The 3 primary metrics that is used to measure or quantify brand equity are i) Loyalty towards the brand, ii) Ability of the brand to charge a premium and iii) Ability of the brand to leverage its brand name through brand extensions. The concept of brand equity began in the 1980’s by some advertising agencies and was popularized by Aaker through his bestselling book Managing Brand Equity. Since then there have been major developments in the field of brand equity with various agencies developing their own models to quantify this intangible power of an intangible asset. Some of these models are:  Equity Engine: Equity Engine, developed by Research International, is one of the most elegantly parsimonious models of brand equity. Essentially, it expresses brand equity as a combination of the functional benefits delivered by the brand (performance) and the emotional benefits (affinity). Equity Engine incorporates a form of conjoint methodology that establishes the price premium that a brand's equity will support while still maintaining a "good value for money" rating from customers.  Equity Builder: This method developed by the Ipsos Group is unique amongst all the models created to measure brand equity focuses on establishing the emotional component of brand equity. 8
  • 9. Kevin Lane Keller's Model: This is a proprietary tool which is used to measure brand equity by looking at the brand as a blend of the rational and emotional which are measured in terms of brand performance and imagery. Customer’s relationship to a brand is then plotted in terms of their altitude on the pyramid of engagement and their relative bias towards a rationally dominant or emotionally dominant relationship is established.  BrandDynamics: This model is developed by Millward Brown with the notion of an engagement pyramid as its foundation. This approach classifies the relationship that a customer has with a brand into one of the five stages: presence, relevance, performance, advantage, and bonding.  Winning Brands: This methodology has been developed by ACNielsen. Winning Brands begins from a behavioral observation of brand equity. Brand equity is then measured in terms of a customer's frequency of purchase and the price premium paid.  BrandDynamics: This model is developed by Millward Brown with the notion of an engagement pyramid as its foundation. This approach classifies the relationship that a customer has with a brand into one of the five stages: presence, relevance, performance, advantage, and bonding.  Winning Brands: This methodology has been developed by ACNielsen. Winning Brands begins from a behavioral observation of brand equity. Brand equity is then measured in terms of a customer's frequency of purchase and the price premium paid. 9
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  • 11. Measuring Brand Equity: There exists many-a-model to measure brand equity but there isn’t any one single model that can quantify this abstract concept known as Brand Equity in all its glory. We have used two models to measure this concept:  A variance of the famous Brand Equity Ten developed by David Aaker  A multi attribute regression model based on consumer buying behavior Brand Equity Ten: David Aaker has defined Brand Equity as a set of assets (and liabilities) linked to a brand's name and symbol that adds to (or subtracts from) the value provided by a product or service to a firm and/or that firm's customers. Aaker highlights 10 attributes of a brand that can be used to assess its strength. These include Differentiation, Satisfaction, Perceived Quality, Leadership, Perceived Value, Brand Personality, Organizational Associations, Brand Awareness, Market Share and Distribution coverage. In developing a variance of this model what we have done is replace the organizational association, market share and brand personality parameters with a price premium so as to gauge the perception of the consumers along the metrics of brand loyalty and the brand’s ability to charge a premium. In order to analyze the brand equity of HP it was compared to three of its primary competitors- Dell, IBM and Apple. Aaker doesn't weight the attributes or combine them in an overall score, as he believes any weighting would be arbitrary and would vary among brands and categories. Rather he recommends tracking each attribute separately. Therefore we have developed a Brand Equity Index which was developed with the overall score that the brands received in comparison to a base figure. The being the average score that the respondents can give. (Average rate for each parameter 3, no of respondents 50 and average score 50*3=150) Analysis of the model with individual parameters: (for the calculations please refer to Brand Equity Excel sheet attached)  Positive variation from the base figure- Positive Brand Equity  Negative variation from the base figure-Negative Brand Equity Brand awareness: HP has a score which is only 15% above the base. Position of HP 3rd . Technological leadership: HP is 24% higher than the base but apple has a 52% higher score over the base. Position of HP under this parameter is 3rd. Worldwide presence: HP has 40% higher score in this parameter than the base while Dell has score 3% more. Position of HP 2nd. Willingness to pay a premium: Under this parameter HP has a negative 3% variation from the base score while the average variance is 6%. This positive variance is the result of higher inclination of respondents to pay higher premium to Apple brand. Position of HP 3rd 11
  • 12. Willingness to recommend: Willingness to recommend is the ultimate test of customer satisfaction and in this factor, HP fails miserably in comparison with other competitors as it has only a 3% variance from the base only while the average variance is 19% positive and Dell has 37% positive variance from the base in this category. Position of HP 3rd Reliability of the brand: The average variance is 23% above the base but HP has only 14% variance from the base. This shows that HP has a lower reliability perception in comparison to the industry average. Position of HP 3rd. Value for money: In this parameter, HP has a very low variance of 5% from the base while Dell leads this segment with a 41% variance. Position of HP 4th Innovativeness: In this parameter there is positive average variance of 22% from the base. In this regard also HP fails miserably by having only 11% variance from the base while Apple has a 55% positive variance from the base. Position of HP 3rd Quality: In this pillar for determining brand equity HP has only 15% positive variance while Apple is the leader in this segment with a 50% positive variance from the base. Position of HP 3nd Customer service quality: In this category Dell is clear-cut winner with 43% positive variance while HP just manages to hang on with 1% positive variance. Position of HP 3rd Differentiated: HP scores higher than the average variance with a 15% higher score from the base. Position of HP 2nd Overall Experience: HP has a negative variance of 8% from the base in this pillar for measuring brand equity. Position of HP 3rd Brand Equity Index 250 200 150 Assumed Average 100 Actual Average 50 IBM HP 0 Dell Apple 12
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  • 14. Multi Attribute Regression Model (for detailed calculation please refer to the brand equity excel sheet attached) This model has been designed keeping in mind the consumer buying behavior towards technological products. This model looks at the three metric of brand equity-brand loyalty, price premia and leveragability. This model looks at two things the relevance of attributes in the mind of a consumer and position of that attribute in the respondent’s mind when it comes to the brand HP. A regression model was developed to quantify the three metrics as per the independent variables that is related to them. It was done by creating a best fit line for each. The best fit line equation is Y = (mx1+mx2+…+mxn)+C, where m= R2(slope of the line) X= independent attribute Y= dependent attribute For each of the metric on which the Brand equity has to be measured attributes were assigned to each on the basis of a correlation and proximity matrix. Every attribute was then given a weightage as per the relevance of the attribute in the mind of the consumers. 50 45 40 35 30 25 20 Agree 15 Neutral 10 Disagree 5 0 The above graph shows how the weightages were derived. 14
  • 15. Brand Loyalty Based on the correlation and the proximity matrix, 7 independent variable attributes have been taken and measured against a dependent variable or attribute. Individual weightage of the attributes have been taken according to the relevance of those attributes in consumer’s mind and thereby a score for HP is generated. A total score is also generated by multiplying the weights and the maximum possible rates that the respondent has given. Accordingly HP was analyzed. The percentage score have been generated to show the position of HP and the scope of improvement. 250 200 150 100 Total Score 50 HP Score 0 Ability to Charge Premium The percentage score of HP has been generated in a similar way as shown above. Here an ANOVA and regression analysis has been done to get an overall picture of the perception of the consumers about the attributes among various brands vis-a-vis the willingness of the consumers to pay a premium and accordingly the recommendations are made. 180 160 140 120 100 Total Score 80 60 HP Score 40 20 0 Pay Innovative Quality Price CS Premium 15
  • 16. Brand Leveragability The analysis has been done taking into consideration how differentiated the brand is in the minds of the consumer and then compared with the importance of the attribute differentiation in the mind of the consumers. A hypothesis has been taken which states that HP is a leverageable brand. By executing ANOVA and Regression analysis the hypothesis has been accepted. The bar graph below shows the willingness of the consumer to buy diversified products such as cars apparels etc. produced by technological brands and the willingness to buy the same diversified products if produced by HP. I agree that technological companies can make the followings healthcare 20% car 27% Accessory FMCG 33% 20% 35 30 25 Agree 20 Neutral 15 Disagree HP 10 5 0 car FMCG Accessory healthcare 16
  • 17. Brand Equity combining 3 Pillars Brand equity has been calculated by using the best fit line regression equation keeping Brand Equity on the Y axis and the 3 pillars on the X axis. This shows the sensitivity and the strength of the relation between the overall brand equity and the pillars and also shows the strength of the relation in between the 3 pillars. R square = 0.390 R square is the slope of the regression line which shows how sensitive is the brand equity to the 3 pillars that constitute the brand equity. Similarly R square for the different attributes that make up each of the pillar have been calculated which depicts how sensitive is the following attribute to the final Brand Equity. The overall scores have been calculated of each of the 3 pillars for different consumer responses. The correlation and the variations among the responses for different attributes of the individual pillars have been calculated and thereby weights have been provided. The Brand Equity has been calculated by taking the average of the values of the 3 pillars provided by individual respondents and has been incorporated in the Y axis. The X axis constitutes of the 3 pillars. Accordingly a best fit line has been generated using regression analysis. The diagram below shows the regression line. (l-leveragability, p-premium and lo-loyalty) 5 4.5 4 3.5 l 3 Axis Title p 2.5 lo 2 Linear (l) 1.5 1 Linear (p) 0.5 Linear (lo) 0 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 Axis Title The above graph plots the 3 pillars that define Brand Equity. Here Brand Loyalty, Brand Leveragability and Price premia are the dependent variables while the attributes pertaining to them are the independent variables. 17
  • 18. 4.5 4 3.5 3 2.5 Series1 2 Linear (Series1) 1.5 1 0.5 0 0 1 2 3 4 5 The above graph shows the best fit line for Brand Equity of HP , brand equity= dependent variable while Brand Loyalty, Brand Leveragability and Price premia are the dependent variables 18
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  • 20. Recommendations: Brand Equity Eleven  In the brand awareness parameter HP is ranked 3rd amongst its competitors. HP has to improve its standing in this category through better communication with its existing as well as potential consumers  HP historically has been considered a leader when it comes to technology but at this point time in the minds of its consumers it is trailing behind Apple and IBM. This shows that HP has to come up with more innovative as well as technologically advanced products.  From the survey it was seen that people are not willing to pay a premium for HP products. This ability of a brand to command a premium comes from various attributes like innovation, reliability, quality and after sales service. As HP scores low in all these attributes its ability to charge a premium also gets negatively affected. It should do something with these individuals attributes to get back this power like:  Improve its product through R & D so as to seem like a reliable and a qualitative product in the minds of its consumers  Come up with innovative and differentiated products to counter its competition  Improve its after sales service as in case of technological products it is critical, HP can take a leaf out of Dell’s book for after sales service  HP is placed 3rd in the parameter of recommendation to others. It is disturbing as willingness to recommend is most critical measure of brand satisfaction. This shows that its customers aren’t happy with the brand. As satisfaction is a function of all the 10 attributes under satisfaction. Improvement in these attributes will lead to an automatic increase in the satisfaction parameter. Multi Attribute Regression Model (for detailed calculations please refer the attached excel sheet) Pillars Percentage Score of HP Percent scope of improvement Brand Loyalty 63.5 36.5 Ability to charge Premium 62.42 35.58  Brand Loyalty: From the above figure we see that there is 36.5% scope for improvement, it can be done by improving HP’s position in the attributes that constitute brand loyalty namely- satisfaction, willingness to pay premium, recommendation, awareness, reliability, quality, customer service and value for money.  Ability to charge premium: As the table shows that even though HP can charge a premium there is still a scope for improvement to the extent of 35.58%. This can be done by innovating the products and improving their quality(both the product and the after sales service) 20
  • 21.  Brand Leveragability: From the analysis of the brand it was found that HP is a leverageable brand. As per the graphs shown previously (in the analysis portion) it can be deduced that HP can safely enter into automobiles, accessories, FMCG and health care products. Overall Recommendations:  Importance of the attributes and their position for each brand: 4.5 4 3.5 3 importance 2.5 adjusted importance 2 1.5 ibm 1 hp 0.5 dell 0 apple From the above graph we see that HP needs to work on its after sales service as it is the most important criteria for a technological product. The second most important criteria are quality followed by value for money. In these two HP is lower than Apple and Dell. HP need to work on improving the quality of the product which will lead to the product being reliable and a value for money product.  Position of each brand in the following attributes: 5 4 3 ibm 2 1 hp 0 dell apple 21
  • 22. HP has to improve its awareness through better communication strategies and has to improve its standing in recommendation and leadership parameters by improving its product along the lines mentioned above. This will automatically lead to an improvement across the three metrics which will enable HP to improve its brand equity  Brand Equity 4.5 Attributes Ranks as per 2 4 R Reliability 5 3.5 Value for 2 3 money Innovation 7 2.5 Quality 4 Series1 2 Price 3 Linear (Series1) Customer 1 1.5 service Differentiation 6 1 0.5 0 0 1 2 3 4 5 The most sensitive feature that affects brand equity is customer service, followed by value for money, price and then quality. So any increase or decrease in these parameters will have a huge impact on the brand equity. A change towards the positive will increase the brand equity while a negative change will decrease it. *The survey result might be a bit skewed towards the negative side as just before this exercise started there was this news that proclaimed HP’s plan to sell off its PC and Pad division. 22
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  • 24. Questionnaire 1. On a scale of 1-5 rate your awareness (knowledge about the brand its logo, tagline, etc.) for the following brands (1-not at all aware , 5- highly aware) * 1 (not at all 5 (highly 2 3 4 aware) aware) IBM HP DELL APPLE 2. On a scale of 1-5 rate the following brands on the basis of its technological leadership position viz-a-viz its competitors (1-lagging behind others , 5- leader) * 1 (lagging behind 2 3 4 5 (leader) others) IBM HP DELL APPLE 3. On a scale of 1-5 rate the following brands on the basis of world wide presence (1-relatively lower world wide presence , 5-relatively higher world wide presence) * 1 (relatively 5 (relatively lower world higher world 2 3 4 wide wide presence) presence) IBM HP DELL APPLE 24
  • 25. 4. On a scale of 1-5 rate your willingness to pay a premium for the following brands (1-not at all willing to pay a premium , 5- absolutely willing to pay a premium) * 1 (not at all 5 (absolutely willing to 2 3 4 willing to pay pay a a premium) premium) IBM HP DELL APPLE 5. On a scale of 1-5 rate your willingness to recommend the following brands to others (1-not at all recommended , 5- highly recommended) * 1 (not at all 5 (highly 2 3 4 recommended) recommended) IBM HP DELL APPLE 6. When I buy a technological product, I look for reliability * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 7. On a scale of 1-5 rate your how reliable are the following brands (1-not at all reliable, 5- highly reliable) * 1 (not at all 5 (highly 2 3 4 reliable) reliable) IBM HP 25
  • 26. 1 (not at all 5 (highly 2 3 4 reliable) reliable) DELL APPLE 8. When I buy a technological product, I look for value for money * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 9. On a scale of 1-5 rate the following brands on the parameter of value for money (1-not at all value for money, 5- high value for money) * 1 (not at all 5 (high value for 2 3 4 value for money) money) IBM HP DELL APPLE 10. When I buy a technological product, I look for how innovative is the brand * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 11. On a scale of 1-5 rate the following brands on the parameter of their innovativeness (1-not at all value innovative, 5- highly innovative) * 1 (not at all 5 (highly 2 3 4 innovative) innovative) IBM HP 26
  • 27. 1 (not at all 5 (highly 2 3 4 innovative) innovative) DELL APPLE 12. When I buy a technological product, I look for quality of its offerings * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 13. On a scale of 1-5 rate the following brands on the parameter of the quality of their offerings (1-inferior quality, 5- superior quality) * 1 (inferior 5 (superior 2 3 4 quality) quality) IBM HP DELL APPLE 14. When I buy a technological product, I look for the price of its offerings * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 15. Rate the following brands on the parameter of price * bargain low price, low price, price - getting too quality is quality is value for expensive expensive suspect not suspect money 27
  • 28. bargain low price, low price, price - getting too quality is quality is value for expensive expensive suspect not suspect money IBM HP DELL APPLE 16. When I buy a technological product, I look for the quality of customer service * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 17. On a scale of 1-5 rate the following brands on the parameter of customer service quality (1-inferior customer service, 5- superior customer service) * 1 (inferior 5 (superior customer 2 3 4 customer service) service) IBM HP DELL APPLE 18. When I buy a technological product, I look how differentiated is the brand in its offerings * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 19. On a scale of 1-5 rate the following brands on the parameter of how differentiated are their offerings (1- not at all differentiated, 5- highly differentiated) * 28
  • 29. 1 (not at all 5 (highly 2 3 4 differentiated) differentiated) IBM HP DELL APPLE 20. I believe that technological brands can make great cars * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 21. My willingness to buy HP cars * 1 2 3 4 5 not at all willing to buy highly willing to buy 22. I believe that technological brands can make great FMCG products (body wash, shampoo,carbonated drinks, etc.) * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 23. My willingness to buy HP FMCG products (body wash, shampoo,carbonated drinks, etc.) * 1 2 3 4 5 not at all willing to buy highly willing to buy 24. I believe that technological brands can make great accessories (watches, apparels, belts, shoes, bags, etc.) * Strongly Disagree Disagree 29
  • 30. Neither Disagree nor Agree Agree Strongly Agree 25. My willingness to buy HP accessories (watches, apparels, belts, shoes, bags, etc.) * 1 2 3 4 5 not at all willing to buy highly willing to buy 26. I believe that technological brands can make great health care products (health drinks, energy drinks, etc.) * Strongly Disagree Disagree Neither Disagree nor Agree Agree Strongly Agree 27. My willingness to buy HP healthcare products * 1 2 3 4 5 not at all willing to buy highly willing to buy 28. Choose the personality that best describes IBM *You can choose multiple boxes Professional Cool/Trendy Competent Accomplished Innovative 29. Choose the personality that best describes HP *You can choose multiple boxes Professional Cool/Trendy Competent Accomplished 30
  • 31. Innovative 30. Choose the personality that best describes DELL *You can choose multiple boxes Professional Cool/Trendy Competent Accomplished Innovative 31. Choose the personality that best describes APPLE *You can choose multiple boxes Professional Cool/Trendy Competent Accomplished Innovative 32. My overall experience with the following brands (if I have used any of the following) have been 1 (Highly 5 (Highly 2 3 4 Dissatisfied) Satisfied) IBM HP DELL APPLE 31
  • 32.     32 