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The Impact of Brands on Consumer Behavior
Aug 19, 2024
Lecture Notes: Influence of Brands on Consumer Behavior
Introduction to Brand Influence
Examples of Brand Preference:
Consumers prefer Coke, Tylenol, and Levi's over other similar products.
Conflicts with the economist's view of rational consumer behavior.
Study on Brand Exposure
Duke University Study:
Randomized groups exposed to Apple or IBM logos.
Result: Apple logo exposure led to better performance on creative tasks.
Brand Storytelling:
Apple portrays itself as a brand for creative individuals.
Brands influence behavior beyond just purchases.
Identity and Brand Choice
Americus Reed's Insights:
Brand choices create identity (e.g., Nike vs. Under Armour).
Different brands represent different identity paths.
Deepening brand relationships can lead to brand defense as self-defense.
Neuroscience Perspective
Insights by Michael Platt:
We relate to brands similarly to how we relate to people.
MRI studies on iPhone vs. Samsung users:
iPhone users show empathy towards Apple as if it were family.
Samsung users show reverse empathy—positive response to negative Apple news.
Subconscious Brand Influence
Discrepancy in Conscious Reporting:
Samsung users' brain responses didn't match their reported feelings.
Self-Expressive Value of Brands:
Consumers may not realize subconscious brand influence.
Societal Implications
Ethical Considerations:
Need to understand ethical, legal, and societal implications of brand influence.
Consumer Awareness
Making Informed Choices:
Awareness of brand influence is crucial.
Question the motive behind purchasing decisions.
Final Thoughts
Brands as Identity Pillars:
Brands fill roles once held by church or community.
Even anti-brand sentiments are a form of brand identity.
Positive Light of Brands:
Brands can be positive support systems in modern society.
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