International Journal of Basic Sciences & Applied Research. Vol., 4 (4), 222-229, 2015 Available online at http://www.isicenter.org ISSN 2147-3749 ©2015 Reviewing the Relation of Adoring a Brand, being Loyal to a Brand and the Word of Mouth (Case study: The Branches of Parsian Bank, Golestan) Seyed Majid Khademi 1, Amir Akhavanfar2* 1 Department of Management, Aliabad Katoul Branch, Islamic Azad University, Alibad Katoul, Iran 2 Assistant Professor of Payam nour University of Iran * Corresponding Author Email: [email protected] Abstract The present paper aims to review the factors related to adoring the brand of Persian Bank including (Variety seeking, the image of the brand, the social mentality of the brand) and considering the relation between the brand love with brand loyalty and word of mouth between the customers of the branches of this bank in Golestan. The method applied in this research is descriptive and is applied in terms of the objective and about the performance method it is descriptive-survey. To collect data the questionnaire was used. The population in this research involves all customers of Persian Bank of Golestan that 384 one of them were selected via simple random method. The data was reviewed using the structural equations model. The findings resulted from the root analysis using the structural equations show that there is significant relation between the brand image and also the social mentality with the variables brand love, brand loyalty, and the word of mouth. But the relation between the variety seeking and the variables of the research were not confirmed. Persian Bank is recommended to strengthen the brand love and the factors affecting that including the brand image, and also optimizing the social mentality of the brand of the bank among customers in order to enhance the brand loyalty and the word of mouths. Keywords: Diversification, The brand image, The social mentality, The brand love, Loyalty, Word of mouth. Introduction The brands are vital for service sections, because the intangible nature of the qualitative evaluating services makes it hard for the customers (Krishnan & Hartline, 2001). Selecting and performing a proper and developed strategy is counted as the final factor of the success of a service organization such as the banks. If a customer believes that there are significant differences between the brands and it will result to an important informational section is purchase decision, its reliance on decision making will increase on the basis of the brand (Anand et al., 1988). In the last decade the marketing researches have reviewed the brand love and they have confirmed that from the consumer’s viewpoint such a feeling may happen even when the issue is to like a brand or a situation, as well. Considering the relation patterns and the supposition that the consumers can relate the human characteristics to brands, the scientific society has started to give importance to the concept of love and the dependencies (Albert & Valette-Florence, 2010). Love is a concept mostly heard in daily life. Recently, there have been tight connections between the brands and the products which are implied by the love. The researches done in this field have introduced the brand love as an exciting dependence and passion between product and the customers as in the love between two people (Unal & Aidin, 2013). Carrol and Ahuvia (2006) have defined the brand love as part of the senses of a satisfied customer has about a special brand. Brand love is part of the relations between the bran-customer (Reimann et al., 2012). 222 Intl. J. Basic. Sci. Appl. Res. Vol., 4 (4), 222-229, 2015 Brand love is effective in different aspects of the customer’s behavior. These behavioral aspects are the customer's loyalty and word of mouth. According to Richard Oliver et al. loyalty is considered as a deep commitment to repurchase a product/desired service in the future. Which will lead to a repetitive purchase from the same brand or series of the brands, respecting the situational factors and influential marketing effects and therefore leads to a change in behavior (Davis-Sramek et al., 2007)? A loyal customer not only refers to the same favorite brand again and again to buy his favorite product, but also has a significant role advertising the products and services related to a special organization through suggesting to relatives, friends or other people, to promote the profitability rate and improving the image of the organization in the potential customer’s mind (Ghareche & Dabuiian, 2011). Carroll and Ahuvia, (2006) in their researches have resulted that brand love affects the customers’ loyalty. Of the other aspects of word of mouth of the customers. From the other side Ardndt (1967) have defined the word of mouth as follows: the face to face communication between a receiver and a messenger through which the person who receives the message obtains information about the name, sign, the product or an informational service from non-business channels. The need of the customers to make a change in their life is necessary. According to Vazquez and Foxall (2006) the customers being more variety seeking have made a very little connection with the brand and have the tendency to turn into other brands which will contribute to the lack of loyalty and brand love inside them. From the other side to have the image of a brand there is no need to buy the product or the services of a brand. But the brand image can be provided as a result of the customer’s from the sources associated with brand. The researchers have evaluated the positive impact of the brand image on customer satisfaction and loyalty and in this paper it has been tried to review its effect on brand love. The brands introducing the person consider the inner and social self of an individual. The social mentality of a brand is the image the person has around his social position, meaning that how do the others see us? How we appear in groups? What roles do we need to have in the society? How is our social base? How do the others behave with us and how do we behave them? There has been no research background seen in the factors effective in brand love and the consequences in banking industry in which the brand and the customer loyalty is of a great importance. Hence, despite the study gap inside the country about the brand love or reviewing the factors strengthening brand love among customers (the customers’ variety seeking, the brand image, the social image of the brand), the researcher intends to apply the most comprehensive model represented in the factors related to brand love and its consequences so that these factors are recognized and strengthening them the brand love, brand loyalty and the word of mouth is empowered among the customers of Persian Bank. As a result considering the mentioned literature the main objective of the present research is to realize and review the relation of the factors related with the brand love in Persian Bank including (variety seeking, brand image, the social mentality of the brand) and also considering the brand love relation and word of mouth advertisement among the branch customers of this bank in Golestan. The history According to the ideas of Fournier (1998) the people make strong emotional connections with brands which this issue stays in a person’s mind for years like being in love with a special person and make the people loyal to the mentioned brand. Park et al (2010) believe that the more the consumers are loyal to the brand and the more they love it, the more they are willing to use their personal resources (such as money, time etc.) to keep a consistent relation with that brand and also they are more loyal to the brand. These researchers have approved the effect of brand dependency on the behaviors of the consumers. Carroll and Ahwia (2008), Unal and Aidin (2013) have resulted that the more the customers’ love to the brand is, the more the word of mouth advertisement among customers. Also Albert and Moronca have realized that the more the brand love, the more the word of mouth advertisement. Vazquez and Foxall (2006) believe that the variety seeking of the customers will lead the customer’s love toward brand and as a result their loyalty to decrease. Also Unal and Aidin (2013) in their research have found that there is a reverse relation between the customers’ variety seeking and the brand love and also brand loyalty and the word of mouth advertisement. Hung (2008) has found that enhancing the brand image will lead to increase the brand loyalty among the customers. Unal and Aidin (2013) have found in their studies that there is a positive and significant relation between the brand image and brand love in one side and also the brand loyalty and word of mouth advertisement from the other side. Aron et al (1995), in their studies have reviewed the relation between the social mentality and the brand love. Considering their findings, the brand love reflected a more identity. Ahuvia (2005) in his study also has reviewed the relation between the social mentality of a brand and the brand love a showed that the loving a higher brand reflected the social mentality of a higher brand among people. 223 Intl. J. Basic. Sci. Appl. Res. Vol., 4 (4), 222-229, 2015 Considering the mentioned ideas in the previous parts, the conceptual model of the present research has been adopted from Unal and Aidin research (2013). The main objective of the present research is to recognize and review the relation of the factors related to brand love in Parsian Bank including (variety seeking, the brand image, and the social mentality) and also investigating the relation of brand love on brand loyalty and the word of mouth advertisement among the customers of the branches in Golestan. H5 Variety seeking Brand Loyalty H2 H1 Brand image H10 H4 Brand Love H12 H11 H7 The social mentality Word to mouth advertisement H9 H6 H8 Figure1. The conceptual model of the research. Methodology The present paper is applied in terms of objective and about the method it is of the descriptive-survey and correlational research. The population used in this paper is all customers of Persian Bank branches of Golestan which has been considered as indefinite. Since the population includes all customers of Persian Bank branches in Golestan. Considering the customer population as countless and according to Morgan’s table the sample size is 384 ones selected and the questionnaires were distributed between the customers through simple random and they were analyzed after being collected and completed. The questionnaire used for variables is adopted from the researches of Unal & Aidin (2013). This questionnaire has 25 questions which is ranked in five groups from absolutely disagree (1) to absolutely agree (5) on the basis of Likert’s range. A copy of that was given to the masters for confirming the validity. Then, some questions which were obscure or ambiguous or the ones which have no relation with the subject, the place, and the populations have been clarified. To determine the reliability the chronbach Alpha has been taken in use. The results have shown that the questionnaire was desirably reliable (table1). Table 1. Reliability and the reference of designing the questions of questionnaire. Resource )Unal & Aidin) 2013 )Unal & Aidin) 2013 )Unal & Aidin) 2013 )Unal & Aidin) 2013 )Unal & Aidin) 2013 )Unal & Aidin) 2013 Reliability The number of the questions Variable 0.952 0.900 0.917 0.912 0.975 0.964 6 3 4 7 2 3 Variety seeking Brand image Social self Brand love Brand loyalty Word of mouth advertisement Also in this research to review the validity of the structure the exploratory factor analysis, the analysis of the main factors and the evolutionary factor matrix using SPSS 16 software. 224 Intl. J. Basic. Sci. Appl. Res. Vol., 4 (4), 222-229, 2015 Table 2. KMO and Barttlet test. 0.884 0.000 Standard measure of sampling adequacy. KMO The significance level of Barttlet model According to the KMO number (higher than 0.7) and the significance number of Barttlet testing (sig<0.05) it can be said that the data for performing the factor analysis is proper and also has the needed conditions. Continuously the the rotated factor matrix is given. This correlational matrix determines the Items (questions and the variables) and the factor that the relation is clarified via correlation size. In this matrix the load factors (the factor values) of each of the variables is higher than 0.5 and goes underneath of the considered factor through which the higher is this factor (coefficient), the greater role the related factor has in all changes (variance) in the mentioned variable. The following table shows that which questions and through which load factors are connected to these factors. Table 3. The rotated factor matrix. Component VS1 VS2 VS3 VS4 VS5 VS6 BI1 BI2 BI3 SS1 SS2 SS3 SS4 BLO1 BLO2 BLO3 BLO4 BLO5 BLO6 BL1 BL2 BL3 WOM1 WOM2 WOM3 1 -0.042 0.011 -0.021 -0.078 -0.017 -0.028 0.206 0.286 0.273 0.120 0.118 0.057 0.125 0.879 0.952 0.825 0.953 0.934 0.953 0.232 0.234 0.238 0.252 0.254 0.290 2 0.891 0.894 0.908 0.872 0.910 0.902 -0.057 -0.077 -0.025 0.012 -0.042 0.008 0.009 0.008 -0.041 -0.063 -0.039 -0.039 -0.036 -0.118 -0.065 -0.065 -0.030 -0.028 -0.010 3 0.037 0.006 -0.044 -0.015 -0.030 0.025 0.097 0.085 0.107 0.857 0.892 0.914 0.850 0.144 0.087 0.105 0.086 0.085 0.088 0.116 0.119 0.115 0.131 0.133 0.149 4 -0.069 -0.046 -0.017 0.013 -0.046 -0.076 0.207 0.220 0.178 0.099 0.078 0.073 0.047 0.144 0.118 0.212 0.116 0.122 0.125 0.843 0.908 0.905 0.205 0.207 0.206 5 0.023 -0.044 0.056 -0.060 -0.034 -0.023 0.132 0.165 0.166 0.093 0.101 0.078 0.079 0.173 0.148 0.159 0.152 0.150 0.149 0.240 0.197 0.196 0.902 0.907 0.826 6 -.0039 -0.005 -0.057 -0.024 -0.049 0.000 0.844 0.851 0.802 0.070 0.107 0.032 0.060 0.144 0.153 0.169 0.152 0.158 0.161 0.236 0.210 0.210 0.163 0.158 0.168 To estimate the model the maximum probability method and to review the fitting of the model the comparative fitting index (CFI), the adjusted fitting index (AGFI), the normalized fitting index (NFI), the non-normalized fitting index (NNFI), the root mean square of error approximation (RMSEA) were used. Table 4. The fitting indexes of evaluating model. 225 Result Value Proper Proper Proper Proper Proper Proper Proper 2.81 0.97 0.92 0.9 0.96 0.97 0.069 The acceptable domain 3> 0.9< 0.9< 0.9< 0.9< 0.9< 0.08> The fitting index (The ratio of chi-square to degrees of freedom) CFI (the comparative fitting index) GFI (the fitness index) AGFI (the adjusted fitting index) NFI (the normalized fitting index) NNFI (the non-normalized fitting index) RMSEA (the root mean square of error approximation) Intl. J. Basic. Sci. Appl. Res. Vol., 4 (4), 222-229, 2015 As can be seen in the above table all coefficients of the fitting are in the acceptable threshold. The ratio of The ratio of chi-square to degrees of freedom equals to 2.81 and also the CFI ،GFI ،AGFI ،NFI ،NNFI coefficients are all higher than 0.9 and the RMSEA is lower than 0.08. Results After performing the confirmatory and exploratory factor analysis to make connections between the independent and dependent variables of the research, the suggested model was tested via Lisrel 8.8 software. This multi-variable analysis method is of the most powerful analysis methods in behavioral and social science researches, because the nature of such issues is multi-variable and we can solve them through two-variable methods. The multi-variable analysis are the analysis methods which its main features are the simultaneous analysis of the independent variable K and dependent variable N. the results related to testing the final model have been shown in figures 3 and 4. Figure 2. The testing of the conceptual model of the research in standard estimation mode. 226 Intl. J. Basic. Sci. Appl. Res. Vol., 4 (4), 222-229, 2015 Figure 3. The testing of the conceptual research in significance mode. To review the relation between the variables of the research the root analysis was used. According to table 4 it can be said that the coefficient of the root relation between the variety seeking and the brand love is -0.02. The t statistics is 0.46 for this coefficient, as well, meaning that this relation is negative but its value is lower than the significance threshold which is 1.96. Therefore, the first hypothesis of this research which is the relation between the variety seeking and the brand love is not confirmed. The coefficient of the root relation between the variety seeking and the brand loyalty is 0.01. The t statistics is 0.31 for this coefficient, as well, meaning that this relation is negative but its value is lower than the significance threshold which is 1.96. Therefore, the second hypothesis of this research which is the relation between the variety seeking and the brand loyalty is not confirmed. On the other hand the coefficient of the root relation between the brand image and the brand love is 0.45. The t statistics is 8.66 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the fourth hypothesis of this research which is the relation between the brand image and the brand love is confirmed. Also the coefficient of the root relation between the brand images on the brand loyalty is 0.40. The t statistics is 7.32 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the fifth hypothesis of this research which is the relation between the brand image and the brand loyalty is confirmed. Also the coefficient of the root relation between the brand images on the word of mouth advertisement is 0.15. The t statistics is 2.71 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the sixth hypothesis of this research which is the relation between the brand images on word of mouth advertisement is confirmed. On the other hand the coefficient of the root relation between the social mentalities on brand love is 0.13. The t statistics is 2.63 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the seventh hypothesis of this research which is the relation between the social mentalities on brand love is confirmed. Also the coefficient of the root relation between the social mentalities on brand loyalty is 0.12. The t statistics is 2.66 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the eighth hypothesis of this research which is the relation between the social mentalities on brand loyalty is confirmed. Also the coefficient of the root relation between the social mentalities of the brand on word of mouth advertisement is 0.12. The t statistics is 2.67 for this coefficient, as well, meaning that this relation is positive but its 227 Intl. J. Basic. Sci. Appl. Res. Vol., 4 (4), 222-229, 2015 value is higher than the significance threshold which is 1.96. Therefore, the ninth hypothesis of this research which is the relation between the social mentalities of the brand on word of mouth advertisement confirmed. According to the model it can be said that the coefficient of the root relation between the brand loves on brand loyalty is 0.18. The t statistics is 3.54 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the tenth hypothesis of this research which is the relation between the brand loves on brand loyalty is confirmed. Also according to the model it can be said that the coefficient of the root relation between the brand loves on word of mouth advertisement is 0.22. The t statistics is 4.48 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the eleventh hypothesis of this research which is the relation between the brand loves on word of mouth advertisement is confirmed. According to the model it can be said that the coefficient of the root relation between the brand loyalties on word of mouth advertisement is 0.27. The t statistics is 5.25 for this coefficient, as well, meaning that this relation is positive but its value is higher than the significance threshold which is 1.96. Therefore, the twelfth hypothesis of this research which is the relation between the brand loyalties on word of mouth advertisement is confirmed. In the following table the root and the significance coefficients between the research variables have been shown. Table 5. The results of the direct relation and the significance coefficient of the model hypotheses. Result Sig Rejected Rejected Rejected 0.461.320.31 Root coefficient 0.020.060.01 Sig. Root VS-BLOVE VS-BL VS-WOM Variety seeking-Brand love Variety seeking- Brand loyalty Variety seeking-Word of mouth advertisement Brand image-Brand love Brand image-Brand loyalty Brand image-Word of mouth advertisement Confirmed Confirmed Confirmed 8.66 7.32 2.71 0.45 0.4 0.15 BI-BLOVE BI-BL BI-WOM Confirmed Confirmed Confirmed 2.63 2.66 2.67 0.13 0.12 0.12 SS-BLOVE SS-BL SS-WOM Confirmed Confirmed 3.54 4.48 0.18 0.22 Confirmed 5.25 0.27 BLOVE-BL BLOVEWOM BL-WOM Social mentality-Brand love Social mentality-Brand loyalty Social mentality- Word of mouth advertisement Brand love-Brand loyalty Brand love-Word of mouth advertisement Brand loyalty- Word of mouth advertisement Conclusion The objective of the present study is to review the factors related to brand love in Persian Bank including (variety seeking, brand image, the social mentality of brand) and reviewing the relation between brand love on brand loyalty and the word of mouth advertisement among the customers in the branches of Persian Bank in Golestan. The results have shown that there is a significant relation between the variables of brand image and the social mentality with the variables of brand love, brand loyalty and word of mouth advertisement. But there is no significant relation between the variety seeking of the customers with brand love, brand loyalty and the word of mouth advertisement. Also the results have shown that there is a significant relation between the brand love with brand loyalty and the word of mouth advertisement and also between the brand loyalties with word of mouth advertisement. The finding of the present research is parallel with the researchers Unal and Aidin (2013) and Carroll and Ahuvia (2006). Unal and Aidin (2013) have resulted that the brand image and the social mentality of the brand has a positive effect on brand love but the variety seeking did not have a positive effect on brand love. The variety seeking had a negative effect on brand loyalty. Also the results showed that the brand love has a positive impact on brand loyalty and word of mouth advertisement. Also Carroll and Ahuvia (2006) resulted that the social mentality of the brand has influence on the brand love and the brand love affects the brand loyalty and mouth to mouth advertisement. 228 Intl. J. Basic. Sci. Appl. Res. Vol., 4 (4), 222-229, 2015 References Ahuvia AC, 2005. Beyond the Extended Self: Loved Objects and Consumers' Identity Narratives. Journal of Consumer Research. 32(1): 171-184. Albert N, Valette-Florence P, 2010. Measuring the love feeling for a brand using interpersonallove items. Journal of Marketing Development and Competitiveness. 5(1): 57-63. Anand P, Holbrook MB, Stephens D, 1988. The Formation of Affective Judgments: The Cognitive Affective Model versus The Independence Hypothesis. Journal of Consumer Research. 15: 386-391. Ardndt J, 1967. Role of product related conversations in diffusion of a new product. Journal of marketing research. 4(3): 291-295 Aron A, Paris M, Aron EN, 1995. Falling in love: prospective studies of self-concept change. Journal of Personality and Social Psychology. 69: 1102–1112. Carroll BA Ahuvia CA, 2006. Some antecedents and outcomes of brand love. Market Letter. 17(2): 79-89. Davis-sramek B, Mentzer TJ, Sank PT, 2007. Creating Consumer durable retailer Customer loyalty through order fulfillment service operations. Journal of operations management. 26(26): 781-797. Fournier S, 1998. Consumers and their brands: developing relationship theory in consumer research. Journal of consumer research. 24(4): 343-353. Ghareche M, Dabuiian M, 2011. The loyalty of employees in interaction with the loyalty of customers of service industries. Seasonal research-scientific Mag. Of modern marketing researches. 3: 27-46. Hung CH, 2008. The Effect of Brand Image on Public Relations Perceptions and Customer Loyalty. International Journal of Management. 25(2): 237. Krishnan BC, Hartline MD, 2001. Brand equity: is it more important in services?. Journal of Services Marketing. 15(5): 328-342. Park C, MacInnis D, Priester J, Eisingerich A, Iacobucci D, 2010. Brand Attachment and Brand Attitude Strength: Conceptual and Empirical Differentiation of Two Critical Brand Equity Drivers. Journal of Marketing. 74: 117. Reimann M, Castano R, Zaichkowsky J, Bechara A, 2012. How we relate to brands Psychological and neuropsychological insights into consumer-brand relationships. Journal of Consumer Psychology. 22: 128-142. Unal S, Aidn H, 2013. An Investigation on the Evaluation of the Factors Affecting Brand Love. Procedia - Social and Behavioral Sciences. 92: 76-85. Vazquez-Carrasco R, Foxall GR, 2006. Influence of personality traits of satisfaction, perception of relational benefits, and loyalty in a personal service context. Journal of Retailing & Consumer Services. 13(3): 205-219. 229
© Copyright 2024 Paperzz