BRACINÍKOVÁ, Veronika and Kateřina MATUŠÍNSKÁ. Clustering of Millennials by Brand Perceptions in Relation to Demographic Factors. Central European Business Review. 2020, vol. 9, No 5, p. 63-80. ISSN 1805-4854. Available from: https://dx.doi.org/10.18267/j.cebr.253.
Other formats:   BibTeX LaTeX RIS
Basic information
Original name Clustering of Millennials by Brand Perceptions in Relation to Demographic Factors
Authors BRACINÍKOVÁ, Veronika (703 Slovakia, belonging to the institution) and Kateřina MATUŠÍNSKÁ (203 Czech Republic, belonging to the institution).
Edition Central European Business Review, 2020, 1805-4854.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50204 Business and management
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/47813059:19520/20:A0000161
Organization unit School of Business Administration in Karvina
Doi http://dx.doi.org/10.18267/j.cebr.253
Keywords in English brand perceptions;generation;Millennials
Changed by Changed by: Ing. Kateřina Matušínská, Ph.D., učo 21353. Changed: 4/3/2021 09:23.
Abstract
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.
PrintDisplayed: 30/4/2024 10:14