In the ever-evolving world of marketing, understanding the intricacies of consumer psychology is akin to finding a hidden treasure map. Brands that tap into the psychological triggers of their audience can create not only one-time buyers but lifelong brand advocates. Let’s explore how some leading companies masterfully leverage consumer psychology to build unshakeable brand loyalty [1].
In an increasingly globalized world, branding strategies must adapt to regional tastes, cultural nuances, and consumer behavior. For businesses expanding across continents, understanding the differences in branding approaches between the United States and Europe—particularly Western and Central Europe—is key to establishing a strong and resonant presence [1]. In this post, we’ll explore some of the critical distinctions in branding strategies and consumer expectations across these regions[2].
The Olympics is one of the most prestigious and widely viewed sporting events in the world, captivating billions of viewers across the globe. For marketers, the Games present a unique opportunity to connect with a vast, diverse audience. However, with this opportunity comes the challenge of developing a marketing strategy that not only resonates with this global audience but also aligns with the values and spirit of the Olympics. The 2024 Paris Olympics, with its emphasis on sustainability, innovation, and cultural celebration, offers a particularly compelling stage for brands to showcase their creativity and commitment to global values [1].
In today’s competitive media market, entertainment companies seek to utilize existing intellectual properties that already have a proven and dedicated audience, and then expand those stories and characters, for example, through sequels, remakes, or TV show spinoffs. Another example of this strategy that has been gaining popularity, is taking popular Broadway musicals and turning them into movie musicals. Despite many of these Broadway musicals having passionate fanbases, these movie musical adaptations of the past decade have been met with mixed reviews and varying levels of success.
Current disengagement and uncertainty with indirect, mass media marketing is leading towards many companies incorporating event marketing and experience-based marketing as part of their strategy. This is especially pertinent to companies who want to capture the millennial and Gen Z audiences, as these demographics have proven to respond better to experiential marketing over traditional marketing techniques. One big example of this can be seen with music festivals and concerts, as recent studies have shown that billions of dollars are spent annually by brands on advertising their products at music festivals.
Summer has always been an important season for the entertainment industry, specifically in regard to movies. The summer box office season, which begins in May and lasts through early September, sees the highest number of blockbuster movies be released into movie theaters, as all major studios strategically send the movies that they think will draw the highest number of people to theaters and, therefore, gross the most money. These summer blockbusters tend to rely on some form of recognizable namesake to draw viewers; for example, the name of an A-list actor starring in the cast, the name of the movie being associated with a successful or nostalgic franchise, or the name of the studio being enough to draw fans of that brand to see their newest work.
Marketing Management 