The concept of brand equity was brought to light initially in the late 1980s. Brand equity
is an intangible asset which creates an association between the brand and its consumers.
Brand equity can be viewed from three perspectives—financial, brand extension and the
consumer. In this research, we focus on the consumer perspective. According to Keller
(2003), “the power of a brand lies in what customers have learned, felt, seen, and heard
about the brand as a result of their experiences over time.” One way of knowing how
customers are familiar with the brand is through brand equity. According to David Aaker,
brand equity has four dimensions—brand loyalty, brand awareness, brand association and
perceived quality. He states that “brand equity helps the customer to interpret and process
information about the product, and also affects the customer’s confidence in the purchase
decision and the quality of user experience.”
The branded shoes market in Pakistan is facing a challenging environment due to
growing competition and increasing number of brands. A large number of branded shoes
are competing in the market, and customers are showing increasing preference for branded
shoes. Companies are therefore more focused on establishing a strong brand identity for
their products in order to attract customers and build customer satisfaction. Brand equity
research plays a vital role in helping brand managers to build brand equity and gain
competitive advantage. This research studies the association between brand equity
dimensions, overall brand equity and customer satisfaction.
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