Understanding Corporate Social Responsibility and Brand Equity
Classified in Economy
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Dimensions of Corporate Social Responsibility
Philanthropic (Good Citizen)
Ethical (Be Ethical, Right from Wrong)
Legal (Obey the Law)
Economic (Be Profitable)
5 Barriers to Sustainable Consumer Behavior
- Lack of Awareness & Knowledge
- Negative Perceptions
- Distrust
- High Prices
- Low Availability
Measuring Brand Equity
Contributes to positive perceptions of product quality
Qualitative (Free Association/Projective Techniques)
Quantitative (Brand Recognition Research/Brand Recall)
4 Dimensions of BrandAsset Valuator
Differentiation (Brand's Point of Difference)
Relevance (Brand Relates to You)
Esteem (How Well Regarded the Brand Is)
Knowledge (Understanding of the Brand)
Role of Social Media in Branding
- Brand Advocates/Sharing Info/Seeing Discounts/Customer Services
- Allows