27 Jul 2022

252

Why Companies Need to Develop Marketing and Branding Strategies That Influence Consumers' Perceptions

Format: Other

Academic level: High School

Paper type: Personal Statement

Words: 190

Pages: 1

Downloads: 0

Marketing and advertising are essential factors that shape consumer perception. Therefore, companies must invest in branding approaches that generate values, create awareness and promote loyalty. To meet the consumer needs, the corporation must examine the market trends including price, consumer loyalty and knowledge of the product. This way, the organization can design products that match the consumer experiences as well as tailor their marketing approaches accordingly. For instance, whereas consumers may be drawn to specific products, they are influenced by their attitudes towards the brand. Thus, companies need to develop marketing and branding strategies that influence consumers' perceptions. 

Research is imperative for organizations to develop practical marketing and branding approaches. Extensive research will enable the corporation to recognize the consumer needs, wants and perspectives about specific products and services. As a result, the company can design marketing strategies that communicate to the consumers that it is aware of their experiences. Moreover, corporations should utilize social media outlets to engage with consumers and gain knowledge about what consumers want. Social media allows corporations to obtain immediate feedback from consumers about their experiences with their products and services. Therefore, companies can capitalize on the information gathered through these online platforms to better understand the consumer experiences and tailor their marketing and branding strategies to meet the consumers' desires. 

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Reference

StudyBounty. (2023, September 16). Why Companies Need to Develop Marketing and Branding Strategies That Influence Consumers' Perceptions.
https://studybounty.com/why-companies-need-to-develop-marketing-and-branding-strategies-that-influence-consumers-perceptions-personal-statement

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