Perceived value: Value feel
Updated at: 01/01/1970 00h true value of the brand comes from consumers, if they have the good sense, the brand new high value. When it comes to brand value, then we are interested in two aspects. First, the perceived value is the emotions, the feelings of consumers to the brand. Second, the financial value of consumer behavior - they choose to use the brand name of the organization or the competitors. However, there are some brands have very good feelings of consumers, but they do not choose to use. In contrast, some brands are selected using the consumer does not have a good feeling. In either case, the brand does not bring value to the organization and therefore not be overvalued. The problem here is how to overcome this situation? The concept of perceived value will bring the answer. Consumers always buy the products and services offer the highest perceived value. This means that they always consider between the benefits received and the cost they pay for each brand. They choose not completely brand lowest price benefits it brings not much market. On the contrary, they are pleased to accept a higher price for used prestige products. Value perceived value consumers receive is the difference between the total value received and the total cost to pay. The total value of the benefit received is that consumers expect from a product or service. Total costs are all costs that consumers pay in the comparison, the purchase and use of products and services. When it comes to value, people always get it implies that perceived value. The same products and services, the value received completely different for each person. Each person has a different life circumstances, different judgments about how important and cost they pay for products and services. In summary, each consumer has different appreciation for the same product or service-we call it the perceived value. Perceived value is a very important concept for the organization. Some manufacturers believe that they create good products, affordable prices, the consumer will choose to buy. However, a good product only if consumers think it good - an affordable price only concern when consumers feel that it is consistent with the benefits they receive as consumer products . Currently, Vietnam enterprises special attention to the branding. They believe that a strong brand will bring a competitive advantage in the marketplace. In order to create a strong brand, the business efforts to improve product quality and to find ways to reduce production costs. Businesses spent no little effort and money to gain the certificate of quality. The perfect quality and reduce costs will create competitive advantage of firms in the market. However, these advantages are not guaranteed to have a strong brand. The explanation for this assertion lies in the concept of perceived value. According to the concept of perceived value, the approach in terms of quality and cost in building the brand has the following limitations. First, enterprises have always believed that a good quality product to consumers to appreciate. Businesses can use these indicators to assess the quality of the product, consumers evaluate products by their subjective view. With the experience, knowledge, information, and that everyone needs assessment completely different. A product of good quality is measured in plants is not necessarily a good product in the eyes of consumers. Enterprises should pay attention to the needs and level of understanding of consumers for products and services. A product or service consumers appreciate the quality will increase the value of the brand. Second, enterprises often assume that consumers will choose products and services with lower prices. Consumers always compare the value they receive for the cost to pay. Price low to promote selected products when they evaluate the benefits of the product and service offers. Theoretically, the lower price will bring greater value to consumers, but in reality, lower prices may make consumers feel that "what you pay" and do not appreciate nature quality of products and design work is not appreciated brand. Price is a factor that consumers are interested but perceived value will lead to their behavior. Enterprises should not determine the price that should determine the value of the product and its services.
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