CONSUMER PERCEPTIONS OF CRITICAL SUCCESS FACTORS FOR SMALL LOCAL CONSUMER BRANDS
CONSUMER PERCEPTIONS OF CRITICAL SUCCESS FACTORS FOR SMALL LOCAL CONSUMER BRANDS
Author(s): Thomas Dobbelstein, Roger B Mason, Andrew KamwendoSubject(s): Business Economy / Management, Accounting - Business Administration, Human Resources in Economy, Socio-Economic Research
Published by: Studia Universitatis Babes-Bolyai
Keywords: emerging country; developed country; entrepreneurship; belief; commitment; image;
Summary/Abstract: Local or regional fast-moving consumer (FMCG) brands sold mostly in delimited geographic areas are a growing trend. This study aims to understand consumer attitudes towards such products and to identify factors critical to their success. The paper is a comparative study between developed (Germany) and emerging (South Africa) nations to identify differences between the preference criteria for FMCG. The methodology involved an online cross section survey in the two countries. Respondents from both countries preferred local brands and believe they are better quality and more supportive of, and connected to, local communities. South Africans feel this more strongly, show greater commitment, and are prepared to pay more than Germans. ‘Beliefs’ regarding quality, value for money, and trust in local brands are critical.
Journal: Studia Universitatis Babes Bolyai - Oeconomica
- Issue Year: 65/2020
- Issue No: 2
- Page Range: 65-89
- Page Count: 25
- Language: English