To continue our analysis of Swatch and Ice watch, we wanted
to understand what the people were thinking about it. So we decided to conduct
a little research and we have prepared a survey.
We have asked the people what adjectives or word they were
associating with each brand (surveyed population = 31 people).
This analysis might look simple on the paper but is actually
a really good way for the brands to clearly understand how they are perceived
by the general population (consumers and non-consumers). Once the company is
aware of this, they will be able to take the relevant action. For example in
terms of communication, to emphasize or to change the people’s perception (in
case of a bad brand association).
Here are the results for our two brands:
Could you guess which one is Ice Watch? And Swatch?
Word cloud on the top = Swatch
Swatch is described as a colorful, fun, Swiss and affordable brand.
All of this is very positive feedback. We had a very small
minority of people who disliked Swatch. This is a good result for Swatch as it
is in line with the image they want to give to their customers. We can also
notice that people were describing the points of parity of the brand (affordable
and fun watches), but could identified the points of differences (Swiss,
quality).
Word cloud at the bottom = Ice Watch
Ice Watch on the other hand is described as a colorful, trendy, bling-bling, cheap,
rough and even a copy.
This is pretty obvious people do not see Ice Watch as they
picture Swatch.
Here, most of the adjectives are more negative and overall
the feedback is not good. This is clearly something the brand needs to be aware
of in order to survive.
In this battle, Swatch takes clearly the advantage in the
people’s heart: Where Swatch is perceived as a solid and reliable brand, Ice
Watch is a “disposable” brand, certainly colorful and cheap, but most of all
as a trend that will not last.
FP.
FP.
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