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Commitment-Led Marketing: The Key to Brand Profits Is in the Customer's Mind
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Commitment-Led Marketing: The Key to Brand Profits Is in the Customer's Mind Hardcover - 2001 - 1st Edition

by Jan Hofmeyr; Butch Rice


First line

Our behaviour as human beings is often puzzling.

From the jacket flap

Some customers appear to be loyal because they habitually buy a product, but this does not mean to say they are committed to a product or service. When a new player comes into the market offering a competitive product at a cheaper price, they could easily defect from your brand, with the result that you lose market share.
As pioneers in the field of brand equity, Jannie Hofmeyr and Butch Rice have developed a tried-and-tested analytical tool - The Conversion Model - which enables you to segment users of a brand in a market by their commitment to staying with the brand, and non-users by their openness to adopting the brand. The in-depth diagnostic tools not only allow you to uncover drivers of customer commitment and openness to alternatives, they also point to actionable strategies aimed at growing your brand.
If you are a small brand, wanting to know the vulnerabilities of a 'giant' in your market, an understanding of commitment will help find that achillles heel, and develop strategies to gain market share at the giant's expense.
If you are a large strong brand, and you are wondering if a specific advertising theme is right for the future, an understanding of commitment will help you pinpoint what the focus of the advertising campaign should be, both in terms of tone, content and weight of the execution.
However you use the model - either by capitalizing on opportunity from specific competitors, or forestalling potential loss - it will help grow your brand's profits.

Details

  • Title Commitment-Led Marketing: The Key to Brand Profits Is in the Customer's Mind
  • Author Jan Hofmeyr; Butch Rice
  • Binding Hardcover
  • Edition number 1st
  • Edition 1
  • Pages 320
  • Volumes 1
  • Language ENG
  • Publisher Wiley, Chichester, Sussex, UK
  • Date 2001-03-05
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index
  • ISBN 9780471495741 / 0471495743
  • Weight 1.33 lbs (0.60 kg)
  • Dimensions 9 x 6 x 0.75 in (22.86 x 15.24 x 1.91 cm)
  • Library of Congress subjects Consumer behavior, Product management
  • Library of Congress Catalog Number 2001281572
  • Dewey Decimal Code 658.834

About the author

JAN HOFMEYR graduated from the University of Cape Town with a Doctorate in the Psychology of Religious Belief Formation in 1979. He taught in the Department of Religious Studies at the University of Cape Town from 1981-89.

In 1986 Jan developed a theory of commitment and conversion which later evolved into a marketing research product called 'The Conversion Model'(TM). He is a frequent speaker at international conferences, seminars and workshops, and is regarded as one of the world's experts in the area of customer equity.

BUTCH RICE obtained a Master's Degree in Operations Research in 1971, and lectured in the Department of Business Science at the University of Cape Town for ten years, before co-founding Research Surveys, a consumer research company which has grown to become the largest in South Africa.

In 1989, Butch and Jan's paths crossed. Butch recognized the commercial potential of Jan's ideas, and was instrumental in launching The Conversion Model globally. He and Jan work closely as partners, consulting to global clients worldwide.

The Conversion Model has been the most successful model of customer equity since its launch. It has been applied to nearly 200 product categories, in more than 290 projects in over 80 countries.

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Commitment-Led Marketing: The Key to Brand Profits is in the Customers' Mind

Commitment-Led Marketing: The Key to Brand Profits is in the Customers' Mind

by Butch Rice

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Commitment-Led Marketing: The Key to Brand Profits is in the Customers' Mind

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Commitment-Led Marketing: The Key to Brand Profits is in the Customer′s Mind
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Commitment-Led Marketing: The Key to Brand Profits is in the Customer′s Mind

by Jan Hofmeyr et Butch Rice

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Commitment-Led Marketing: The Key to Brand Profits is in the Customer′s Mind
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Commitment-Led Marketing: The Key to Brand Profits is in the Customer′s Mind

by Jan Hofmeyr et Butch Rice

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Commitment-Led Marketing : The Key to Brand Profits Is in the Customer's Mind
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by Jan Hofmeyr; Butch Rice

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