Clustering of Millennials by Brand Perceptions in Relation to Demographic Factors

@article{44506,
   author = {Braciníková, Veronika and Matušínská, Kateřina},
   article_number = {5},
   doi = {http://dx.doi.org/10.18267/j.cebr.253},
   keywords = {brand perceptions;generation;Millennials},
   language = {eng},
   issn = {1805-4854},
   journal = {Central European Business Review},
   title = {Clustering of Millennials by Brand Perceptions in Relation to Demographic Factors},
   url = {https://cebr.vse.cz/pdfs/cbr/2020/05/03.pdf},
   volume = {9},
   year = {2020}
}

TY  - JOUR
ID  - 44506
AU  - Braciníková, Veronika - Matušínská, Kateřina
PY  - 2020
TI  - Clustering of Millennials by Brand Perceptions in Relation to Demographic Factors
JF  - Central European Business Review
VL  - 9
IS  - 5
SP  - 63-80
EP  - 63-80
SN  - 18054854
KW  - brand perceptions;generation;Millennials
UR  - https://cebr.vse.cz/pdfs/cbr/2020/05/03.pdf
L2  - https://cebr.vse.cz/pdfs/cbr/2020/05/03.pdf
N2  - The corporate brand represents a global set of perceptions of the unique functional and emotional attributes associated with it. These are the result of interactions of all the impressions, experiences, feelings and knowledge of all participating sides based on the products of the company, management style,andthe planned or unscheduled communication activities. The study aims to describe Czech Millennials using demographic criteria in relation to their brand perception. The questionnaire was used as the research technique for gaining the primary data.The respondents were questioned about their opinions and perceptions of many issues such as attitudes towards brands, life values, willing to pay, making decisions, searching and buying products, preferences in the field of stability, having fun. Several statements from the questionnaire were tested for the purpose of this paper connected to the sense and sensibility in the decision buying process of Millennials as the consumers in the marketplace of the Czech Republic as one of the Central European countries. Afterwards, the Millennials are classed according to these pre-selected variables into groups by usingacluster analysisin such a way as to ensure the greatest similarity within the clusters and the greatest variation between clusters.Two clusters were formulated. From the carried out survey is obviousconsumers withalower degree of education are more emotional when they purchasegoodsthan consumers with other achieved degrees of education. In relation to gender, we can allege that women are much more motivated by emotions. Younger Millennials are more likely to be motivated by emotions than older ones.
ER  - 

BRACINÍKOVÁ, Veronika a Kateřina MATUŠÍNSKÁ. Clustering of Millennials by Brand Perceptions in Relation to Demographic Factors. \textit{Central European Business Review}. roč.~9, č.~5, s.~63-80. ISSN~1805-4854. doi:10.18267/j.cebr.253. 2020.