J 2020

Clustering of Millennials by Brand Perceptions in Relation to Demographic Factors

BRACINÍKOVÁ, Veronika and Kateřina MATUŠÍNSKÁ

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

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50204 Business and management

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

RIV identification code

RIV/47813059:19520/20:A0000161

Organization unit

School of Business Administration in Karvina

Keywords in English

brand perceptions;generation;Millennials
Změněno: 4/3/2021 09:23, Ing. Kateřina Matušínská, Ph.D.

Abstract

V originále

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.