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1

A strong brand as a determinant of purchase the case of sectors, where advertising in mass media is banned – on the example of the Polish spirits sector

100%

Liczmańska K., Wiśniewska A. M.

Managerial Economics

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2013

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vol. 13

83-98

XX

The purpose of the paper is the assessment of the significance of a strong brand in the process of competing for clients as well as in the clients' decision making processes in a situation where advertising in mass media is almost completely banned. The paper presents results of two complementary studies. The first study was carried out by means of personal interviews on a trial group of 1501 individual respondents in 2007 in Poland. The second study was carried out using personal or Internet questionnaires on a trial group of 16 companies producing or importing spirits. The collected material showed that clients pointed to a strong brand as the key factor influencing their choice of top market alcohols. All representatives of producers see the need for building strong brands and declare having such brands in their olfer. Building strong product brands is possible even in sectors in which mass media advertising is prohibited or for some reason cannot be used. The conceptual model proposed by the authors suggests what should be taken into account when creating a strong brand in sectors where adverting may not be used for this purpose.

2

Analysing brand strength – corporate financial performance link for companies listed on the Warsaw Stock Exchange

88%

Urbanek G.

Econometrics. Ekonometria. Advances in Applied Data Analytics

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2017

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issue 2 (56)

92-103

EN

The opinion that a strong brand is a valuable resource for a company which may significantly influence company performance and contribute to shareholder value creation is gaining wider acceptance. However, empirical studies which confirm this view are relatively few. The purpose of this article is to examine the link between brand strength and corporate financial performance, including shareholder value creation. A number of performance indicators were used in this study – profitability ratios (ROA, ROE, ROIC) and the shareholder value creation proxy indicator – P/BV. The empirical data regarding brand strength were drawn from the annual ranking of the strength of Polish brands, while the financial data of companies were taken from a panel consisting of 56 companies listed on the Warsaw Stock Exchange, observed over a seven-year period from 2008 to 2014. Numerous regression models were examined in order to test hypotheses on links between brand strength and various financial performance indicators. The obtained results support most of the hypotheses, concluding that there is a statistically significant relationship between brand strength and company performance, although the strength of these relationships differs depending on the type of performance indicator. This study contributes to the development of corporate finance literature as well as value based marketing concepts. Apart from its academic aspects, this paper contributes to business practice development since it demonstrates the legitimacy of marketing investments in brand development.

3

Brand as a strategic resource of a company

75%

Żaba-Nieroda R.

Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie

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2013

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issue 2(23)

231-243

EN

Having a strong brand and effective management thereof provides companies with a strong instrument with which to compete. In a recognized brand customers notice significant emotional benefits, which has a direct impact on the increase in the value of the product to the customer. A strong brand is becoming a way of distinguishing between the company with its products and the competition, and a way to build a sustainable competitive advantage as well as enhance the value of the company. The brand is one of the sources of the company’s value and the brand value positively influences the value of the company. Makes, brands, logos—these concepts are becoming increasingly important for Polish companies. It is not only the effect of increased competition on the Polish market but also of the foreign expansion of Polish enterprises, which is rapidly accelerating. Having one’s own well-known brand is a guarantee of profitable exports. The brand is the capital that needs to be nurtured, wisely managed as well as multiplied. A strong brand is the outcome of good investment that provides higher income and greater investor interest. Strong Polish brands conquer not only the domestic but also Western markets: Polish food, cosmetics, furniture or boats all provide the Polish with reasons to be proud of. The strength of a brand lies in its unique character, the impression it evokes and, frequently, the social status it indicates. A mere creation of a strong brand allows for building a market position and achieving a sales success.

PL

Posiadanie silnej marki oraz skuteczne nią zarządzanie dostarcza przedsiębiorstwom silnego instrumentu konkurowania. W uznanej marce klienci zauważają istotne korzyści emocjonalne, co ma bezpośredni wpływ na wzrost wartości produktu dla klienta. Silna marka staje się sposobem odróżniania przedsiębiorstwa i jego produktów od konkurencji oraz drogą do zbudowania trwałej przewagi konkurencyjnej i podniesienia wartości przedsiębiorstwa. Marka jest jednym ze źródeł wartości przedsiębiorstwa, a wartość marki pozytywnie wpływa na wartość przedsiębiorstwa. Marki, brandy, logo – te pojęcia stają się coraz ważniejsze dla polskich przedsiębiorstw. To nie tylko efekt zaostrzającej się konkurencji na polskim rynku, ale również zagranicznej ekspansji polskich przedsiębiorstw, która gwałtownie przyspiesza. Posiadanie własnej znanej marki jest gwarancją opłacalnego eksportu. Marka to kapitał, który należy pielęgnować, mądrze nim zarządzać i pomnażać go. Silna marka to owoc trafnej inwestycji, który zapewnia większe przychody i większe zainteresowanie inwestorów. Silne polskie marki zdobywają nie tylko rodzimy rynek, ale i rynki zachodnie – polska żywność, kosmetyki meble czy łodzie to nasze powody do dumy. Silna marka to jej wyjątkowy charakter, wrażenie, które wywołuje, a często też wyznacznik statusu społecznego. Tylko stworzenie silnej marki pozwala zbudować rynkową pozycję i osiągnąć sprzedażowy sukces.

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1 Econometrics. Ekonometria. Advances in Applied Data Analytics

1 Managerial Economics

1 Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie

1 Liczmańska K.

1 Urbanek G.

1 Wiśniewska A. M.

1 Żaba-Nieroda R.

1 2017

2 2013

A strong brand as a determinant of purchase the case of sectors, where advertising in mass media is banned – on the example of the Polish spirits sector

Analysing brand strength – corporate financial performance link for companies listed on the Warsaw Stock Exchange

Brand as a strategic resource of a company