REFRIGERATORS
Factors Influencing Brand Loyalty
INTRODUCTION
Dawlance is
one of the largest companies in Pakistan engaged in appliance business. It
started its business with refrigerator manufacturing in 1980. Now it is a
well-known and famous name in home appliance industry with a vast range
including refrigerators, deep freezers, washing machines, small appliances, air
conditioners, televisions etc. Dawlance has a prominent and significant market
share in Pakistan because it provides its consumers the benefits of modern
lifestyle and world-class innovative products, unmatched nationwide customer
support, a vast dealer network and after- sales-services throughout the
country. The other key players in the Pakistan industry besides Dawlance are
LG, Haier, Waves, PEL and Orient.
Specific to
refrigerators, Dawlance has a variety of series of stylish and innovative technology
based refrigerators. They include Reflection series, H-Zone series, Designer
series, Monogram series, Aero Design series, and Horizontal series.
The purpose
of this assignment is to find out the factors which help Dawlance to retain its
customers for a long time and creating customer life time value.
1)
METHODOLOGY
To analyze
the core competencies of Dawlance, customer perceived value, and factors that
build customer loyalty to Dawlance Refrigerators, 20 persons of were selected randomly.
The characteristics of selected people are as follows:
CHARACTERISTICS
|
DESCRIPTIONS
|
Age
|
24- 55 years
|
Gender
|
9 Male
11 Female
|
Marital
Status
|
16 Married
4 Unmarried
|
Income
Range
|
Rs. 20,000 – Rs. 100,000
|
Information collected from the
respondents is as follows:
1.
Refrigerator
brand
2.
Time Length
of usage in years
3.
Reason for
selecting the brand
a.
High quality
and Reliability
b.
Reasonable
price
c.
Brand name
d.
Past
experience (Perception from Family or closed people)
e.
Stylish and
innovative design
f.
Advanced Technology
g.
General
perception
4.
Preference
to this brand while repurchase or suggest other to purchase this brand
2)
RESULT
The response
from the people in terms of percentage is as follows:
1.
Refrigerator brand
75% of the
respondent were using Dawlance refrigerators while the rest were using PEL and
Waves.
2.
Time Length of usage in years
Out of 75
percent, 40 percent were associated with Dawlance for more than 15 years, 30
percent 50 percent between 5 to 15 years while the rest were using the product
for less than 5 years.
3.
Reason for selecting the brand
The rating given by the
respondents to the following factors is detailed below:
FACTORS
|
RATING
|
High
Quality and Reliability
|
100%
|
Reasonable
price
|
40%
|
Past experience
(Perception from Family or closed people)
|
90%
|
Advanced
Technology
|
60%
|
General
perception
|
70%
|
Brand
name
|
90%
|
Stylish
and innovative designs
|
100%
|
4.
Preference to Dawlance while re-purchase
or suggest other to purchase Dawlance Refrigerators
80% of the
20 respondents answered in YES, 10% answered in NO, while the rest of 10%
answered in CANNOT SAY.
3)
CONCLUSION
Summarizing
the results, consumers prefer Dawlance due to its stylish designs, innovativeness,
high quality and reliability and on the basis the past experiences by
themselves or by their family members (or relatives) and people having closed
relations. People also prefer to purchase refrigerators due to its brand name
and general perception of reliability. However, low price does not have a
significant influence on purchase decision that shows that people do not think
Dawlance presents low priced refrigerators. In last, people already using
Dawlance refrigerators are fully satisfied with the product and would like to
prefer Dawlance refrigerators to other people.
1 comments:
Thanks admin for sharing this information.
Dawlance Price in Pakistan
Post a Comment