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Course of studies
In the digital age, companies are increasingly asking themselves how to reach their customers. In recent years, chatbots and language assistants have opened up an innovative form of communication and provide an opportunity to interactively expand touchpoints. Their integration can take place on different communication channels and thus, directly address the users.
This paper discusses how chatbots and language assistants work and how they can be used. Expert interviews have been conducted for qualitative analysis. Based on the theoretical analysis and the expert interviews, the added value for companies when using bots and language assistants is determined. Subsequently, an assessment of the bots and language assistants is made and a recommendation for further research is given.
This research is exploring how companies can create the right brand image through marketing activities and brand management. We will determine all the components needed in luxury goods industry for a successful brand image establishment and how important this is in the luxury industry. We will start by discussing about the important aspects of brands, luxury and the luxury industry leading to a more practical chapter of the brand image creation methods in luxury goods industry with real life examples and finally concluding the brand image being a main ingredient in consumer-based brand equity creation. The conclusion is formulated with Aaker´s (1991) model of brand equity and Keller´s (2013) dimensions of brand knowledge and finally supported by Na et al. (1999) model of brand power.
Die SICK STEGMANN GmbH verkauft ihre Motor-Feedback-Systeme als Komponenten zum Einbau in Servo-, Linear- und Torquemotoren verkauft. Die Motoren werden wiederrum in Maschinen und Anlagen verbaut. Vor allem Motoren mit Einkabeltechnologie, die durch die Schnittstelle HIPERFACE DSL® von SICK bereitgestellt wird, gelten als entscheidender Vorteil für den Maschinenbauer, der dadurch letztlich einen geringeren Verkabelungsaufwand hat. Das Problem entsteht dabei, dass der Maschinenbauer nur den fertigen Motor sieht und die Produkte von SICK als Komponenten für ihn nicht ersichtlich sind. Weiterhin gewinnen umfangreiche Servicestrukturen immer mehr an Bedeutung, diese hatten in der Vergangenheit in der Business Unit „Motor-Feedback-Systeme“ einen geringen Stellenwert. Die Thesis soll klären, inwieweit der Wandel vom Komponentenhersteller hin zum Service- und Solution Provider vollzogen werden kann und welche Positionierungsmaßnahmen dafür notwendig sind. Im Rahmen von Experteninterviews und einer internen Kundenbefragung mit Hilfe eines standardisierten Fragebogens wird der Ist-Zustand beschrieben und daraufhin eine Soll-Analyse zur Klärung der Forschungsfragen abgeleitet. Die Analysen zeigen, dass Veränderungen auf Produkt- und Serviceseite notwendig sind, um vermehrt Maschinenbauer anzusprechen und hier einen Kaufwunsch zu platzieren. Im Detail beschäftigt sich die Thesis mit der Ausarbeitung neuer Positionierungsstrategien für Motor-Feedback-Systeme und Services. Ferner werden Handlungsempfehlungen zu weiteren strategischen Überlegungen beschrieben. Die Evaluierung schließt die Bachelorthesis ab.
Die vorliegende Arbeit untersucht, ob und wie Gender-Marketing in der deutschen Automobilindustrie angewandt wird. Es wird der Zusammenhang zwischen biologischen Erkenntnissen und deren Implikationen für das Marketing hergestellt und untersucht, ob große deutsche Automobilhersteller diese auch in der Praxis anwenden.
Schließlich sind Frauen eine Käufergruppe mit noch viel ungenutztem Potenzial, die allerdings nicht unbedingt mit denselben, auf Männer ausgerichtete Marketingmaßnahmen begeistert werden können. Mit dem Einsatz von sozialen Bindungen und Emotionalisierung können bei vielen Frauen positive Reaktionen hervorgerufen werden.
Des Weiteren wird auch klar, dass Gender-Marketing ein komplexes Thema ist, dessen Erfolg schwer messbar ist, da es in Verbindung mit anderen Marketingaspekten steht.
The main focus of this thesis will be to shed light on the existence of cognitive biases. As many researchers, such as Daniel Kahneman and Amos Tversky, have proven in the last five decades, people are not always as rational as they would like to believe. It is important to understand the origin of this irrational behaviour as well as its implications on judgements and decisions. Furthermore, cognitive biases also have a significant influence on consumers’ buying behaviour and decision-making. Through extensive research in secondary as well as primary data it will be shown how much of an influence the cognitive biases anchoring, hyperbolic discounting, loss aversion, endowment effect and decoy effect have on consumer buying behaviour. Additionally, recommendations of how these influences can be used in marketing will be given.
Creating effective cross-cultural advertising campaigns is one of the most challenging ongoing topics in international marketing. This paper aims to apply the insights of cross-cultural neuroscience of emotion to advertising in China and Germany.
Examining the differences in cross-cultural perception of emotions will be instrumental for models used in advertisements across China and Germany, help understand the role of consumer age for the emotional reaction to advertisements and elucidate the influence of emotions on cross-cultural prejudices and memory.
Based on an expert interview conducted with the neuroscientist Dr. Henning Beck, several hypotheses were generated. In order to investigate the hypotheses, a cross-cultural survey in China and Germany was conducted testing the influence of the own-race bias on emotional advertising using the Self-Assessment Manikin (SAM). The results of the primary research suggest that the perception of emotions is culturally trained and can lead to a different emotional experience of advertising for Chinese and German citizens.
Promotional offers play a significant role in order to obtain and retain new and existing customers. There are already many researches comparing the performance and effectiveness of sales strategies during the promotional period. Results reveal that the framing of the saving message influences consumers’ perception of the price which in turn leads to an uncommon purchase decision. Even though the offers are mostly economically equivalent, people have preferences depending on the pricing practice. Data from previous researches shows that in many cases bonus packs are generally more preferred than a discount. Most commonly applied in-store strategies in Germany are price discount and buy one get one free. Will the value perception for BOGOF still be higher than price discount after the promotion expires? This study will specifically focus on BOGOF and price discount in the consumer nondurable goods industry. A total of 450 randomly selected people participated in the A/B survey. The A survey focusses on questions relating to price discount whereas the B survey includes questions regarding BOGOF. In both surveys, the promotion is no longer valid. The survey data reveals that the willingness to pay for consumer nondurable goods during the post-promotion phase is higher when promoting with BOGOF rather than with price discount. This research has the potential to form a crucial answer for academics and marketers in the consumer nondurable goods industry as it provides insight of the long-term influence of promotion on consumer psychology.
The impact of Social Media Marketing on consumer decision-making process in the tourism industry
(2019)
Decisions are defining our daily lives. Consumers are making decisions frequently. Since new technologies appeared, and globalization is rising, people are facing new challenges and are confronted with more decisions to make than it was two decades earlier.
Decisions are made in every industry. Likewise, it is in tourism.
The tourism industry is booming, and the necessity of the internet required more than ever. Simultaneously tourism industry is faced with a new consumer who is creating, commenting, sharing, liking and posting content. Hence, it is more complex to analyze and understand this form of consumer. Changing position from an offline to an online member of the internet have had a huge impact on consumers’ behavior. Adaptation of Social Media Marketing to the new consumers tend to be more difficult than it was earlier. Consumers are getting more communicative dispose of a wider range of information, as the internet became a tool to interact and communicate. It is now more important that the tourism industry acts in a successful and sustainable way to improve its Social Media performance and adapt communication processes to be able to influence decisionmaking and direct consumer to their touristic supply.
At this academic work, firstly, it is identified the term “tourism” to analyze the decisionmaking process adapted to the tourism industry. Moreover, critical phases, which can be strongly influenced by Social Media Marketing are defined, based on theoretical research.
Moreover, a model is going to be designed, which describes adequate Social Media applications which are influencing consumers’ decision-making process. This is based on a quantitative research in form of a questionnaire. The resulting model is proved and discussed later approached by a qualitative research, which will be designed as an expert discussion.
Ein Relaunch ermöglicht Produkten eine neue Wachstumsphase innerhalb des Produktlebenszyklus zu erzeugen. Dabei gibt es verschiedene Wege der Konzeption. Im Gesundheitswesen gibt es andere Voraussetzungen als in anderen Branchen. Deren Einfluss auf eine neue Zielgruppe und ein neues Marketingkonzept wird untersucht, um das Potenzial eines Relaunches abwägen zu können. Für eine wahrheitsgetreue Empfehlung wurden empirische Daten erhoben.
Die ermittelten Ergebnisse der Recherche werden mit einem Fallbeispiel der Diagnostika-Industrie auf Anwendbarkeit überprüft.
The age of connectivity has come with maximum convenience, variety and transparency for shoppers. In light of an increasingly informed consumer with a trained eye for inauthentic marketing, traditional brick-and-mortar retail has recognised the need for differentiation from online competitors. As a consequence, retailers are progressively moving away from transaction-focused retailing to the creation of multi-sensory and emotionally engaging customer experiences through experiential retailing.
As a means of showcasing the brand, experiential retailing is particularly gaining popularity among consumer electronics brands. However, considering the high cost and non-transactional focus of experiential retailing, the question arises whether this approach creates long-term benefits for the brand. Therefore, this bachelor thesis aims to identify whether experiential retailing constitutes a viable branding tool for consumer electronics. Upon establishing a relationship between the concepts of experiential retailing and branding based on literature review, this paper uses qualitative research to investigate the implications of this relationship as perceived by a brand representative and consumers. The analysis of the conducted expert and focus group interviews, identifies experiential retailing as a means of increasing brand awareness, whilst addressing other brand constructs such as brand experience and brand loyalty. With respect to this, this paper substantiates the applicability of experiential retailing as a branding tool for consumer electronics.