The Story of Brand Attachment and Technology
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The document discusses the importance of brand attachment in consumer identity and the dynamics of brand behavior versus brand identity. It presents research findings on consumer relationships with technology brands, highlighting brand dependence scores among various companies. The insights suggest that understanding and managing brand attachment can enhance consumer loyalty and influence purchasing behaviors.
The Story of Brand Attachment and Technology
- 1. January 7, 2014 The Story of Attachment Making tech brands more a part of consumer identity presented at International CES #BrandDependence @TheBrandStudio
- 2. The Story of Attachment Why I wrote Brand Real: Too much emphasis on brand identity; Not enough emphasis on brand behavior. @lvincent 2
- 3. The Story of Attachment Positions vs. Promises Position Promise Claims Behavior EXPERIENCES EXPECTATIONS Consumer @lvincent Brand 3
- 5. The Story of Attachment Conventional wisdom Awareness @lvincent Consideration Purchase Preference 5
- 6. The Story of Attachment What it does not address… Brand value to employees Brand value to business partners Brand value to investors 6
- 7. The Story of Attachment The truth Sales is usually a lagging indicator of brand health. @lvincent 7
- 8. A BRAND IS A BLAST FURNACE Insight One @lvincent 8
- 9. Shifting Focus We need to look closer at relationships with brands 9
- 10. The Story of Attachment Relationships Attraction @lvincent 10
- 12. The Story of Attachment Relationships Infatuation @lvincent 12
- 13. The Story of Attachment Quote WOW!!! What more can I say! I've lusted over this camera for most of this year and finally pulled the trigger as an extravagant early holiday gift to myself. Amazon.com review of Fuji X100S @lvincent 13
- 14. The Story of Attachment Relationships Commitment @lvincent 14
- 16. The Story of Attachment Relationships Identity @lvincent 16
- 17. The Story of Attachment Connecting beliefs and brands BELIEF SYSTEM BRAND CULTURE BRAND NARRATIVE CYCLE BRAND AGENTS NARRATIVE @lvincent 17
- 18. 71% of US consumers agree: “I make it a point to buy brands from companies whose values are similar to my own.” — Young & Rubicam, 2010 @lvincent 18
- 19. The Story of Attachment Psychological underpinnings Self Actualization Ego Social Security Physical @lvincent 19
- 20. The Story of Attachment Relationships Identification @lvincent 20
- 21. The Story of Attachment NIKE’S PROMISE To bring inspiration and innovation to every athlete in the world. @lvincent 21
- 22. The Story of Attachment Brand Attachment High Prominence ATTACHED BRAND Low Prominence Ignored Brand A lot like me Respected Brand I never Now that think I think about it about it Disconnected @lvincent SIGNS OF ATTACHMENT Brand-Self Connection Averse Brand The opposite of me A LOT LIKE ME Connected People see the brand as being a lot like themselves; sharing their values. Prominence Thoughts and feelings about the brand come to mind automatically; requiring very little conscious effort.
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- 27. The Story of Attachment Attachment and brand value Awareness Familiarity Credibility Favorability High frequency Attachment High leverage • Recognition • Knowledge • Trustworthiness • Popularity • ID Affiliation • Recall • Understanding • Expertise • Positive attitudes & opinions • Love • Likeability • Evangelism • Differentiation @lvincent • Loyalty 27
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- 30. The Story of Attachment Let’s measure 5,000 US consumers 18+ 25 consumer technology brands Field work early December, 2013 Statistically representative of the general US adult population Each respondent was familiar with the brands evaluated @lvincent 30
- 31. The Story of Attachment Overall, low attachment AVERSION ATTACHMENT -100 +100 Mean score for corporate tech brands studied: @lvincent +15 31
- 32. The Story of Attachment Two Brand Dependence scores INTENSITY All things being equal, measures the relative attachment to a brand in terms of brand-self connection and prominence. @lvincent IMPACT Weighted attachment score that considers each brand’s level of familiarity in the population. 32
- 33. The Story of Attachment Brand Dependence™ Selected technology brands ranked by Intensity 1 2 3 4 5 Samsung Microsoft Google Sony Apple +21 +21 +19 +18 +18 6 7 8 9 10 Asus LG HP Dell Toshiba +18 +17 +16 +15 +15 @lvincent
- 34. The Story of Attachment Brand Dependence™ Selected technology brands ranked by Impact 1 2 3 4 5 Microsoft Google Samsung Sony Apple +20 +19 +18 +16 +15 6 7 8 9 10 HP LG Dell Toshiba Motorola +14 +14 +13 +11 +8 @lvincent
- 35. The Story of Attachment Range of dependence scores AVERSION ATTACHMENT -18 Apple 18 19 -12 Google -16 Dell 54 51 15 46 Microsoft -10 21 52 Samsung -10 21 52 -17 HTC Kyocera 13 -17 Sony 43 11 3 -16 45 15 -16 -23 44 17 -13 Nokia 46 16 -11 Toshiba 48 18 -12 LG @lvincent 18 -11 HP Motorola 43 -11 Asus Blackberry 44 13 38 30 10 36
- 36. Question One Why isn’t Apple’s Brand Dependence score higher? @lvincent 36
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- 38. The Story of Attachment Means matters Household Income Under $50,000 Baseline: All Incomes 1 2 3 4 5 Samsung Microsoft Google Sony Apple @lvincent +21 +21 +19 +19 +18 1 2 3 4 5 Microsoft Samsung Asus Google LG Household Income $50,000 or greater +22 +21 +19 +19 +18 1 2 3 4 5 Apple +22 Samsung +20 Google +20 Microsoft +20 Sony +19
- 39. The Story of Attachment A brand for cultural creatives @lvincent
- 40. Question Two Why isn’t Microsoft’s Brand Dependence score lower? @lvincent 40
- 41. The Story of Attachment Quote The Dowager Brand “ Despite the inroads made against its position, a dowager brand is likely to enjoy elevated, although perhaps slipping status among its competitors” Defending the Dowager: Communication Strategies for Declining Main Brands. Sidney J. Levy and Dennis W. Rook 41
- 43. The Story of Attachment On the horizon Brands to Watch @lvincent 43
- 47. The Story of Attachment Managing attachment Brand-Self Connection Enticement Enablement Sensory or aesthetic pleasure that results from brand experiences Sense that we have more control over our environment and are better able to achieve goals as a result of the brand. @lvincent Enrichment Symbolic and sometimes spiritual meaning of brand—a connection to our identity that can be privately enjoyed or publicly expressed 47
- 48. The Story of Attachment Drivers of top 5 brands 8% Samsung 2% Enablement Enticement Enrichment -10% 3% Microsoft 3% -6% 6% Google 4% -10% -0% Sony 7% -7% 1% Apple 8% -9% 48
- 49. The Story of Attachment Implications Brand Dependence has a big influence on many behaviors related to brands Brand Dependence is a leading indicator that can help managers develop a relationship with consumers beyond product introductions and innovation The technology category has more work to do in fostering strong brand attachment 49
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