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Marketing Management | Impact of Celebrity Endorsements on Overall Brand

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Impact of Celebrity Endorsements on Overall Brand
Searching for the Right Match

- by Mala Tandon & Sudeep Mehrotra *

This Paper has won Consolation Prize in the CoolAvenues' Paper-writing Competition - "In Search of Excellence" - for the Year 2005.

Page - 1

Synopsis

The purpose of this paper is to provide the marketers with a quantitative method for selection of the right celebrities to optimize the outcome for their advertising campaigns. We have developed three matrices in this paper, which are: -

  • Celebrity Positioning Matrix, which gives the popularity and image details of a personality in the market

  • Product Positioning Matrix, which is the direct consequence of the brands competitive strategy

  • Area Correlation Matrix, which is the overall measure of match of brand and celebrity

    These two matrices are used to develop two variables: -

  • Celebrity Effectiveness Index

  • Total Area Correlation Score

    The two variables can be used to decide on the appropriate celebrity for the brand. The model also helps in minimizing the cost with optimization of effect.

    The study is done in two stages, exploratory research involving personal interviews and focused group discussion followed by primary data collection and analysis.

    The paper introduces celebrity endorsement in Indian context and gives history of celebrity endorsement in India. This is followed by developing the model and presentation of data. The analysis of data and results are followed by conclusion and limitations.

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    * Contributed by -
    Mala Tandon,
    Branch Sales Manager, ICICI Bank,
    Sudeep Mehrotra,
    IIM Lucknow.


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