A study by Christodoulides (2009) illustrates that internet and technology have strongly affected on brandsphere. Brand managers role has changed from guardian to host and they have understood that one-side communication is not enough anymore and they should shift to many-to-many communication where consumers are allowed to communicate with the firm and other consumers. Christodoulides (2009) states that before the internet, brand manager used to act like control freak which is not feasible in online world. Today, branding is about creating relationships, interaction and generating better value to the customers. Building and sharing user generated content should be facilitated by companies because it has a powerful impact on building and improving relationship amongst brands, consumers and brand communities. Internet has also offered new opportunities for companies as they can benefit from personalization and customization for instance in case of NikeID.com, where consumer can design trainers themselves from a variety of options.
Read moreBRAND BUILDING THROUGH CONSUMER CO-CREATION OF THE ROYAL DANISH THEATER?
“The Royal Danish Theater Hits Historical Low” (Strøyer, 2013). Such is the headline of one of many articles in Danish newspapers addressing the national theater’s fleeing audiences. According to their annual report, the ticket sales have decreased by 115,000 tickets between 2012 and 2013 (Det Kongelige Teater, 2013), marking 2013 as the year with the fewest tickets sold in history (Strøyer, 2013). The reason?
Read moreConsumers’ transition from traditional marketing to social media marketing era
This paper examines how social media acts as a catalyst in consumer purchasing process and what the implications are for companies’ reputation management.
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