Product innovation as a key success factor to build sustainable brand equity
In highly competitive markets, building brand equity has become one of the first priorities for many organizations as it brings several benefits and reputation for them. Past researches have acknowledged that consumers look for brands which provide them with differential values through innovative...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Growing Science Ltd.
2015
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/15007/1/msl_2015_51%20%281%29.pdf |
| _version_ | 1803626893334806528 |
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| author | Hanaysha, Jalal R. M. Abdullah, Haim Hilman |
| author_facet | Hanaysha, Jalal R. M. Abdullah, Haim Hilman |
| author_sort | Hanaysha, Jalal R. M. |
| collection | UUM |
| description | In highly competitive markets, building brand equity has become one of the first priorities for
many organizations as it brings several benefits and reputation for them. Past researches have
acknowledged that consumers look for brands which provide them with differential values through innovative product and service features. However, despite the importance of product innovation in determining an organization’s success, very limited studies have intended to examine its effect on brand equity.In the present study, we aim to examine the effect of product innovation on brand equity in Malaysian automotive market. The data were collected from 287 passenger cars owners through self-administered questionnaire at several shopping malls in northern Malaysia.The findings revealed that product innovation had significant positive effect on overall brand equity and its dimensions namely; brand awareness, brand loyalty, brand image, and brand leadership.Based on the results of this study, several implications are
discussed to enlighten our knowledge on important innovation activities that could develop favorable brand equity. Finally, limitations and future research suggestions are highlighted to gain better insights on brand equity development. |
| first_indexed | 2024-07-04T05:57:24Z |
| format | Article |
| id | uum-15007 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:57:24Z |
| publishDate | 2015 |
| publisher | Growing Science Ltd. |
| record_format | dspace |
| spelling | uum-150072016-12-06T03:52:41Z https://repo.uum.edu.my/id/eprint/15007/ Product innovation as a key success factor to build sustainable brand equity Hanaysha, Jalal R. M. Abdullah, Haim Hilman HB Economic Theory In highly competitive markets, building brand equity has become one of the first priorities for many organizations as it brings several benefits and reputation for them. Past researches have acknowledged that consumers look for brands which provide them with differential values through innovative product and service features. However, despite the importance of product innovation in determining an organization’s success, very limited studies have intended to examine its effect on brand equity.In the present study, we aim to examine the effect of product innovation on brand equity in Malaysian automotive market. The data were collected from 287 passenger cars owners through self-administered questionnaire at several shopping malls in northern Malaysia.The findings revealed that product innovation had significant positive effect on overall brand equity and its dimensions namely; brand awareness, brand loyalty, brand image, and brand leadership.Based on the results of this study, several implications are discussed to enlighten our knowledge on important innovation activities that could develop favorable brand equity. Finally, limitations and future research suggestions are highlighted to gain better insights on brand equity development. Growing Science Ltd. 2015 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15007/1/msl_2015_51%20%281%29.pdf Hanaysha, Jalal R. M. and Abdullah, Haim Hilman (2015) Product innovation as a key success factor to build sustainable brand equity. Management Science Letters, 5 (6). pp. 567-576. ISSN 19239335 http://doi.org/10.5267/j.msl.2015.4.009 doi:10.5267/j.msl.2015.4.009 doi:10.5267/j.msl.2015.4.009 |
| spellingShingle | HB Economic Theory Hanaysha, Jalal R. M. Abdullah, Haim Hilman Product innovation as a key success factor to build sustainable brand equity |
| title | Product innovation as a key success factor to build sustainable brand equity |
| title_full | Product innovation as a key success factor to build sustainable brand equity |
| title_fullStr | Product innovation as a key success factor to build sustainable brand equity |
| title_full_unstemmed | Product innovation as a key success factor to build sustainable brand equity |
| title_short | Product innovation as a key success factor to build sustainable brand equity |
| title_sort | product innovation as a key success factor to build sustainable brand equity |
| topic | HB Economic Theory |
| url | https://repo.uum.edu.my/id/eprint/15007/1/msl_2015_51%20%281%29.pdf |
| work_keys_str_mv | AT hanayshajalalrm productinnovationasakeysuccessfactortobuildsustainablebrandequity AT abdullahhaimhilman productinnovationasakeysuccessfactortobuildsustainablebrandequity |