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    1

    A Grand Project on

    Impact of Celebrity Endorsement onConsumer Buying Behavior with

    respect to Soft Drinks

    Prepaid by Guided by

    Hardik D Jani (Roll no: 35) Prof .Kruti Patel

    MBA Semester 4

    Submitted to

    S K P I M C S

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    2

    DECLARATION

    We/ I, hereby, declare that the Comprehensive Project report Project titled,

    Impact of celebrity endorsement on consumer buying behavior with respect to

    soft drink industry is original to the best of our/ knowledge and has not been

    published elsewhere. This is for the purpose of partial fulfillment of Kadi Sarva

    Vishwa Vidhyalaya University requirements for the award of the title of Master

    of Business Administration, only.

    Student Name Signature

    Hardik Jani (35)

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    CERTIFICATE

    This is to certify that Mr.Chaitalya Gadhavi of S. K. Patel Institute of Management and

    Computer Studies, Gandhinagar have submitted their Grand Project Report on Impact

    of Celebrity Endorsement on Consumer Buying Behavior with respect toSoft Drinks in the year of 2012-2013 in fulfillment of Kadi Sarva Vishwvidhlaya

    requirements as a part of their course of MASTER OF BUSINESS

    ADMINISTRATION PROGRAMME.

    Dr. Bhavin pandya Prof. Kruti patel Prof. Sandhya harkavat

    Director Faculty guide Coordinator

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    Preface

    Everyday consumers are exposed to thousands of voices and images in

    magazines, newspapers, billboards, websites, radio and television, etc. Everybrand attempts to steal at least fraction of a persons time to inform him/her of

    the amazing and different attributes of the product at hand. The challenge of the

    marketer is to find a hook that will hold the subjects attention. In helping to

    achieve this, use of celebrity for endorsement of a brand is widely used

    marketing strategy. In this modern age, people tend to ignore all commercials

    and advertisements while flipping through the magazines and newspapers or

    viewing TV. But even then, the glamour of a celebrity seldom goes unnoticed.

    Thus, celebrity endorsement in advertisement and its impact on the overallbrand is of great significance. In this process, the companies hire celebrities

    from a particular field to feature in its advertisement campaigns. The

    promotional features and images of the product are matched with the celebrity

    image, which tends to persuade a consumer to fix-up his choice from a variety

    of brands. Although this sounds pretty simple, but the design of such campaigns

    and the subsequent success in achieving the desired result calls for an in-depth

    understanding of the product, the brand objective, choice of a celebrity,

    associating the celebrity with the brand, and a framework for measuring theeffectiveness.

    Stars, who are known to shape destinies, cast an enormous influence. Were

    referring to the powerful effect of celebrities on destinies of brands. One

    approving nod from a famous face can translate into millions in brand sales.

    People love to live in dreams. They worship celebrities. Celebrities may be

    sports stars like Sachin Tendulkar, Mahindra Singh Dhoni,Roger

    Federer.Ronaldo and tiger woods or Film Stars like tom cruise, bredd pitt,

    Salman Khan, John Abraham. They treat them as God. . Perhaps thats why the

    world over, companies have been using stars to endorse everything, from food

    to food chains, from soft and hard drinks to health drinks, from clothes and

    accessories to cars. For this they rope in these celebrities and give them

    whopping amount of money. They believe that by doing this they can associate

    their products with their target customers. This is called celebrity endorsement.

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    Acknowledgment

    I express my sincere thanks to my project guide Prof.Kruti Patel for guiding me

    right from the inception till the completion of the project. I sincerely

    acknowledge them for extending their valuable guidance, support for literature,

    critical reviews of project and above all the moral support they had provided to

    me with all stages of this project.

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    Table of Content

    Topic Page No

    Executive Summery 7

    Industry analysis 8

    Literature Review 18

    Theoretical aspect of the study 22

    Research Methodology 31

    Data analysis 33

    Findings 46

    Limitations 47

    Conclusion 48

    Bibliography 49

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    EXECUTIVE SUMMARY

    India is a country where people love to live in dreams. They worship

    celebrities.Celebrities which might be cricket stars like Sachin Tendulkar,

    Mahinder Singh Dhoni or Film Stars like Shah Rukh Khan or John Ebrahim.

    They treat them as God. Marketers use this very preposition so as to influence

    their target customers may exist or potential ones. For this they rope in these

    celebrities and give them whopping amount of money. They believe that by

    doing this they can associate their products with their target customers. This is

    called celebrity endorsement.

    The field of consumer behavior is the study of individuals, groups or

    organizations and the processes they use to select, secure, use and dispose of

    product, services, experiences, or ideas to satisfy needs and impacts that these

    processes have on the consumer and society. And understanding the consumer

    behavior is the prime and toughest task in front of every marketer. There are a

    lot of factors, which influence consumer buyer behavior. This study aimed at to

    understand the influence of celebrity endorsement on consumer buying

    behavior. Marketers pay millions of Dollars to celebrity endorsee hoping that

    the stars will bring their magic to brand they endorse and make them more

    appealing and successful. But all celebrity glitter is not gold.

    The celebrity endorser fits in between these two interactions, where he tries to

    bring the image of the product closer to the expectation of the consumer, by

    transferring some of the cultural meanings residing in his image to the product.

    Now, despite the potential benefits derived from celebrity endorsements, they

    increase a marketers risk manifolds and should be treated with full attentionand aptitude.

    What therefore seems relevant by the study is that, yes, definitely celebrity

    endorsee influence consumer buying behavior and brand building but while

    using celebrity endorsee, marketer has to take care of all the aspect that whether

    they brought personality and image of celebrity matches or not, whether

    celebrity endorsee has deep penetration among the masses or not, whether he isconsidered as credible source or not etc.

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    Industry Analysis

    Indian Advertisement Industry

    Indian economy is growing and the market is on an expansion mode.

    Businesses are looking up to advertising as a tool to cash on business

    opportunities. Growth in business has led to a consequent growth in the

    advertising industry. Indian advertising industry has emerged as one of the

    major industries and hasbroadened its horizons be it the creative aspect, the

    capital employed or the number of personnel involved.

    Advertising industry grew by 9 to 10 per cent in comparison to the double digit

    growth rate of 20 per cent in 2010. According to ad industry estimates, the

    growth this year has been similar to 2011.

    The Rs 30,000-crore advertising industry has been dealing with tightened purse

    strings as companies across sectors dealt with issues ranging from rising input

    costs to demand slowdown on account of lower disposable income and

    inflation. The big boys of the advertising club fast moving consumer goods

    (FMCG) companies were careful with their money, especially in the first

    half of the year, complicating matters further. Sample this: Ad spends by FMCG

    companies have been hovering between 12-13 per cent of sales from 14 -15 per

    cent earlier.

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    India stands at No. 5 worldwide in the advertisement industry. Television -

    Valued at Rs 329 billion (US$ 5.76 billion) in 2011, the television (TV)

    industry is expected to expand at a compounded annual growth rate (CAGR) of

    17 per cent through 2011-16 to touch Rs 735 billion (US$ 13 billion). Radio-

    The radio industry with around 36 FM radio operators, is estimated at Rs 1,200

    crore (US$ 210 million). Print- An estimated growth of 10 per cent is

    anticipated till 2015. Digitization- Digital advertising is expected to grow at a

    CAGR of 30 per cent during 2011-16.

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    Introduction to the Soft drink Industry:

    The industry began in mid 1900s with leading companies like Pepsi Co. and

    Coca Cola controlling the beverage business sector with sweetened soft

    drinks and carbonated soda water. American audiences attached excitement

    and convenience to these popular drinks, and a variety of soft drink brands

    began to originate such as Dr.Pepper, Sprite, etc. The beverage industry has

    undergone rapid expansion over the last decade. The only obstacle for these

    beverage companies was the high number of calories and sugar levels their

    drinks contained; a drawback for health-conscious consumers.

    A soft drink (also called pop, soda, coke, soda pop, fizzy drink, or carbonated

    beverage) is a non-alcoholic beverage that typically contains carbonated

    water,asweetening agent,and aflavoring agent.The sweetening agent may

    be sugar, high-fructose corn syrup,or a sugar substitute (in the case of diet

    drinks). A soft drink may also contain caffeine or juice. Products such as

    energy drinks,Kool-Aid,andpure juice are not considered to be soft drinks.

    Other beverages not considered to be soft drinks are hot

    chocolate,hot,tea,coffee,milk,milkshakes,andschooled.

    Small amounts of alcohol may be present in a soft drink, but the alcohol

    content must be less than 0.5% of the total volume. If the drink is to be

    considered non-alcoholic. Widely sold soft drink flavors are cola,lemon-

    lime, root beer, orange, grape, vanilla, ginger ale, fruit punch, sparkling

    lemonade,squash, and water. Soft drinks may be served chilled or at room

    temperature. They are rarely heated.

    The first marketed soft drinks (non-carbonated) in the Western world

    appeared in the 17th century. They were made from water and lemon juice

    sweetened with honey. In 1676, the Companies des Lemonades of Paris was

    granted a monopoly for the sale of lemonade soft drinks. Vendors carried

    tanks of lemonade on their backs and dispensed cups of the soft drink to

    thirsty Parisians.

    http://en.wikipedia.org/wiki/Non-alcoholic_beveragehttp://en.wikipedia.org/wiki/Carbonated_waterhttp://en.wikipedia.org/wiki/Carbonated_waterhttp://en.wikipedia.org/wiki/Sweetnesshttp://en.wikipedia.org/wiki/Flavorhttp://en.wikipedia.org/wiki/Sugarhttp://en.wikipedia.org/wiki/High-fructose_corn_syruphttp://en.wikipedia.org/wiki/Sugar_substitutehttp://en.wikipedia.org/wiki/Caffeinehttp://en.wikipedia.org/wiki/Energy_drinkhttp://en.wikipedia.org/wiki/Kool-Aidhttp://en.wikipedia.org/wiki/Juicehttp://en.wikipedia.org/wiki/Hot_chocolatehttp://en.wikipedia.org/wiki/Hot_chocolatehttp://en.wikipedia.org/wiki/Teahttp://en.wikipedia.org/wiki/Coffeehttp://en.wikipedia.org/wiki/Milkhttp://en.wikipedia.org/wiki/Milkshakehttp://en.wikipedia.org/wiki/Schorlehttp://en.wikipedia.org/wiki/Ethanolhttp://en.wikipedia.org/wiki/Alcohol_by_volumehttp://en.wikipedia.org/wiki/Alcohol_by_volumehttp://en.wikipedia.org/wiki/Colahttp://en.wikipedia.org/wiki/Lemon-limehttp://en.wikipedia.org/wiki/Lemon-limehttp://en.wikipedia.org/wiki/Root_beerhttp://en.wikipedia.org/wiki/Orange_soft_drinkhttp://en.wikipedia.org/wiki/Grape_sodahttp://en.wikipedia.org/wiki/Cream_sodahttp://en.wikipedia.org/wiki/Ginger_alehttp://en.wikipedia.org/wiki/Fruit_punchhttp://en.wikipedia.org/wiki/Lemonadehttp://en.wikipedia.org/wiki/Lemonadehttp://en.wikipedia.org/wiki/Squash_%28drink%29http://en.wikipedia.org/wiki/Western_worldhttp://en.wikipedia.org/wiki/Western_worldhttp://en.wikipedia.org/wiki/Squash_%28drink%29http://en.wikipedia.org/wiki/Lemonadehttp://en.wikipedia.org/wiki/Lemonadehttp://en.wikipedia.org/wiki/Fruit_punchhttp://en.wikipedia.org/wiki/Ginger_alehttp://en.wikipedia.org/wiki/Cream_sodahttp://en.wikipedia.org/wiki/Grape_sodahttp://en.wikipedia.org/wiki/Orange_soft_drinkhttp://en.wikipedia.org/wiki/Root_beerhttp://en.wikipedia.org/wiki/Lemon-limehttp://en.wikipedia.org/wiki/Lemon-limehttp://en.wikipedia.org/wiki/Colahttp://en.wikipedia.org/wiki/Alcohol_by_volumehttp://en.wikipedia.org/wiki/Alcohol_by_volumehttp://en.wikipedia.org/wiki/Ethanolhttp://en.wikipedia.org/wiki/Schorlehttp://en.wikipedia.org/wiki/Milkshakehttp://en.wikipedia.org/wiki/Milkhttp://en.wikipedia.org/wiki/Coffeehttp://en.wikipedia.org/wiki/Teahttp://en.wikipedia.org/wiki/Hot_chocolatehttp://en.wikipedia.org/wiki/Hot_chocolatehttp://en.wikipedia.org/wiki/Juicehttp://en.wikipedia.org/wiki/Kool-Aidhttp://en.wikipedia.org/wiki/Energy_drinkhttp://en.wikipedia.org/wiki/Caffeinehttp://en.wikipedia.org/wiki/Sugar_substitutehttp://en.wikipedia.org/wiki/High-fructose_corn_syruphttp://en.wikipedia.org/wiki/Sugarhttp://en.wikipedia.org/wiki/Flavorhttp://en.wikipedia.org/wiki/Sweetnesshttp://en.wikipedia.org/wiki/Carbonated_waterhttp://en.wikipedia.org/wiki/Carbonated_waterhttp://en.wikipedia.org/wiki/Non-alcoholic_beverage
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    Carbonated drinks made without any alcohol are called Soft Drinks. They are

    also known as Coke/Soda/Pop etc. Hot chocolate, teas, coffee etc are usually

    excluded from this classification. They are sold in a variety of sizes and

    manner. In the U.S., they are often sold in two-liter bottles, one liter plastic

    bottles, 24 and 20 US fluid ounce bottles and in 12 US fluid ounce cans.

    Packaging is also available in many different quantities

    In Japan, 1.5 liter bottles, 500 mL and 350 mL bottles and cans are sold. At

    times, the fizzy soft drinks are served as fountain drinks in which carbonation

    is added to a concentrate immediately prior to serving. In Europe, plastic and

    glass bottles of sizes 2, 1.5, 1, 0.5, 0.35, 0.33 liters, aluminum cans of 0.33,

    0.35, and 0.25 liters are popular. Almost all soft drinks are made of refined

    sugars. Hence, they are often criticized for causing obesity and other healthrelated problems. A link to problems of sleep, bones, and teeth has been

    proven by many studies.

    Market Structure:

    The soft drink industry is a global marketing phenomenon. In essence, it is

    simply a blended water drink with sweeteners, flavors and additives. The

    success in advertising and marketing this product lies in convincing billions

    of consumers to drink these instead of straight water or other less expensing

    alternatives. The brand recognition of this industry is extraordinarily high. In

    2002, world sales exceeded US $193 billion. In contrast, fruit sales were just

    US $69 billion. Global consumption is currently in excess of 327 billion

    liters.

    Pepsi and Coca-Cola, between them, hold the dominant share of the world

    market. Cadbury Schweppes follows a close third. Coca-Cola has

    approximately half of the world market share and sells 4 out of the top 5 soft

    drink brands in the world. Coca Cola sales for 2006 reached US $24.1 billion.

    It has profit margins of 20% and a market capitalization of US $130 billion.

    Pepsi sales stood at US $36 billion but this also includes snacks and other

    foods.

    Some analysts view the definition of soft drinks incomplete and wish to add

    ready to drinks also, to this industry. If they are added as well, these would

    add another 1.3 billion servings to 50 billion servings for these drinks.

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    Industry Definitions:

    Fizzy drinks: drinks injected with carbon dioxide at high pressure are called

    Fizzy drinks.

    Floats: soft drink with scoops of ice-cream

    Soda: another term for soft drink

    Pop: another U.S. term for soft drinks

    Coke: a derivative and brand name of Coca-Cola, often used as a label for

    soft drinks in general.

    Market Metrics:

    Soft drink market size for FY00 was around 270mn cases (6480mn bottles).The market witnessed 5- 6% growth in the early90s. Presently the market

    growth has growth rate of 7- 8% per annum compared to 22% growth rate in

    the previous year. The market size for FY01 is expected to be 7000mn

    bottles.

    Soft Drink Production area

    The market preference is highly regional based. While cola drinks have mainmarkets in metro cities and northern states of UP, Punjab, Haryana etc.

    Orange flavored drinks are popular in southern states. Sodas too are sold

    largely in southern states besides sale through bars. Western markets have

    preference towards mango flavored drinks. Diet coke presently constitutes

    just 0.7% of the total carbonated beverage market.

    Growth promotional activities

    The government has adopted liberalized policies for the soft drink trade to

    give the industry a boast and promote the Indian brands internationally.

    Although the import and manufacture of international brands like Pepsi and

    Coke is enhanced in India the local brands are being stabilized by

    advertisements, good quality and low cost.

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    U.S. Market

    The U.S. is closely linked with soft drinks with Coca Cola being an American

    in much of the world. About 500 soft drinks companies operate in the U.S.

    Annual sales of refreshments total approximately US $88 billion, of whichthree quarters are soft drink sales. There are about 500 soft drink bottlers in

    the United States.

    Soft drink companies manufacture and sell beverage syrups which are

    essentially bases to bottling operators that then add sweeteners and/or

    carbonated water to produce the final product. Independent bottlers work

    under license with various soft drink manufacturers and are generally allotted

    specific territories to serve. Manufacturers not only provide the bottlers withsyrups and bases, but also often provide other business services such as

    product quality control, marketing, advertising, and engineering as well as

    financial and personnel training.

    In return, the bottlers furnish the required capital investment for land,

    buildings, machinery, equipment, trucks, bottles and cases. As noted

    previously, the soft drink industry distributes and sells its product in two

    primary forms: packaged and fountain service. In fountain service, the soft

    drink product is dispensed and served in cups in restaurant or other retail

    oriented location with a food service station.Coke, Pepsi and Cadbury

    Schweppes control over 91% of the U.S. market share. They employ about

    63,000 people in the U.S.

    Indian Market

    Soft Drinks in India industry profile provide top-line qualitative and

    quantitative summary information including: market size (value, and forecast

    to 5). The profile also contains descriptions of the leading players including

    key financial metrics and analysis of competitive pressures within the market.

    Essential resource for top-line data and analysis covering the India soft drinks

    market. Includes market size data, textual and graphical analysis of market

    growth trends, leading companies and macroeconomic information.

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    Highlights

    -The soft drinks market consists of retail sale of bottled water, carbonates,

    concentrates, functional drinks, juices, RTD tea and coffee, and smoothies.

    However, the total market volume for soft drinks market excludes the

    concentrates category. The market is valued according to retail selling price

    (RSP) and includes any applicable taxes. Any currency conversions used in

    the creation of this report have been calculated using constant 2010 annual

    average exchange rates.

    -The Indian soft drinks market generated total revenues of $3.8 billion in

    2010, representing a compound annual growth rate (CAGR) of 11% for the

    period spanning 2006-2010.

    -Carbonates sales proved the most lucrative for the Indian soft drinks market

    in 2010, generating total revenues of $1.9 billion, equivalent to 50.5% of the

    market's overall value.

    -The performance of the market is forecast to decelerate, with an anticipated

    CAGR of 9.1% for the five-year period 2010-2015, which is expected to lead

    the market to a value of $5.9 billion by the end of 2015.

    World Market:

    Global sales of soft drinks exceed 327 billion liters and are valued at more

    than US $393 billion annually. North America, Europe and Japan are the

    most mature markets for global soft drinks. Coco Cola and PepsiCo Inc have

    significant control over the global soft drinks market and both have similar

    business organizations and processes worldwide. The industry includes other

    than the soft drink manufactures themselves, the bottlers and various raw

    material suppliers. Suppliers of cans, plastic and glass bottles are included in

    this category.

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    Globally, the soft drinks majors continue to face challenges. One key global

    trend is a move away to healthier drinks, which may put some pressure on

    yearly growth in sales of soft drinks. The push to diet beverages have beenwell covered by the major producerswith sales of diet Coke and diet Pepsi

    still strong. A recent trend is the rise in popularity of sports drinks. Bottled

    water has also experienced very strong growth. Finally the quality of water

    used in the manufacture of soft drinks poses serious issues for the industry.

    Major players are working on the issue as water scarcity becomes a global

    issue.

    Industry Players:

    The Coca-Cola Company

    Coca Cola is the number one brand globally and has been for over 40 years It

    is sold in virtually every country of the world. The successful expansion that

    began in World War II has continued unabated up to this date. Now, the

    company has more than 400 brands in its portfolio. Tab, produced in 1963

    was one of the companys landmark marketing successes.

    PepsiCo Inc.

    Pepsi-Cola was created in 1898 in New Bern, North Carolina, by druggist

    Caleb D. Brad ham. PepsiCo Inc. holds about one-third of the U.S. market

    and is the second largest soft drink major in the world. It owns Frito-Lay

    snacks and other businesses. Pepsi soft drinks include brands such as Pepsi,

    Diet Pepsi, Slice, Mountain Dew and Mug Root Beer.

    Cadbury Schweppes

    Cadbury Schweppes PLC is the number three global soft drink producer. The

    portfolio includes Squirt, La Casera, TriNa, Spring Valley, and Wave. It has

    cornered more then 17% of the world market. Total sales exceed US $12.9

    billion.

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    Trends and Recent Developments

    Private labels are becoming more prominent. Private Labels are brandsowned by stores and retailed through them. These private label manufacturers

    are retailing their brands very aggressively these days. Although, lowering of

    prices is an open option for the soft drink majors, it reduces their profits.

    Private labelers offer heavier discounts and sales are increasing.

    In 2007, a new issue is the lack of recycling of plastic bottled water

    containers. Although the trend to bottled water is high, environmentalists

    point out many of these are simply filtered tap water and that the discarded

    bottles are causing environmental damage. The fallout among consumers is

    unclear at mid-point 2007.

    After nearly a year of deliberation, Cadbury has finally announced a date for

    the de-merger of its US soft drinks arm, American Beverages. Although itappears to make sense to separate this group from the company's

    confectionery operations, the separation could leave Cadbury vulnerable to a

    takeover, which its turnaround plan may be unable to prevent.

    The de-merger, which was first announced as a possibility back in March

    2007, will now take place in May and will see the creation of Dr Pepper

    Snapple Group as a separate entity with a listing on the New York Stock

    Exchange and its own management team. The confectionery arm is to be

    renamed Cadbury plc and will be listed in London.

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    Celebrity branding and its effect on the consumer

    It is a known fact that the best endorsements achieve an eclectic balance

    between the product (brand) and the celebrity. Giving a brand a 'face' is more

    than just a marketing strategy to increase sales or gain market share, it is a

    decision that can change the future of the brand forever.

    Choice of the celebrity, hence, is of utmost importance and is usually done

    based on many different parameters - appeal, looks, popularity or even just a

    fantasy figure to endorse a brand.

    In today's highly competitive markets, big brands are at logger-heads when it

    comes to products, each having a similar product to that of a rival. Where does

    one brand gain that quintessential advantage - advertising, service, promise of

    trust, or even the all important price factors? Advertising seems to be the best

    platform where brands prefer to compete on - right from hiring the best

    advertising agencies to getting the biggest celebrities. What would be the

    formula to success then? Well, a good creative agency, a large enough

    promotional budget and a huge star to endorse your brand would definitely

    ensure in the minds of a brand management team a feeling of security, success

    and a triumph over the competitors brand.

    The general belief among advertisers is that brand communication messages

    delivered by celebrities and famous personalities generate a higher appeal,

    attention and recall than those executed by non-celebrities. The quick message-

    reach and impact are all too essential in today's highly competitive environment.

    The different models applied by brands to achieve the full potential of such

    endorsements, highlight the need for a convergence between the theoretical and

    pragmatic approaches of brand building and effective advertising. The

    importance of a celebrity-brand match and the various roles played by them as

    brand-associates show the momentum this strategy has gained in the last decade

    or so. We put forward certain ideas like 'positioning by association',

    'diminishing celebrity utility' and the Multiplier Effect which show the

    triangular relationship between the brand, the consumer and the Celebrity.

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    Literature Review

    Title :CELEBRITY ENDORSEMENT : A MARKETING STRATEGY

    Author : Ms Radhika Madan

    Lecturer - Marketing

    IILM College, Gurgaon

    This paper shows that Celebrity endorsement strategy can be an effective

    competition weapon in mature markets in order to differentiate products from

    competitors' since there is heavy advertising clutter. Celebrities have always

    been the easiest way to attract the customers because of their mass appeal.

    Though there are

    Title : EFFECTS OF CELEBRITY ENDORSEMENT ON CONSUMERBUYING BEHAVIOR AND BRANDING OF A BRAND

    Author DR. GIRIDHAR K.V

    Assistant Professor, Department of Com. & Mgt., Sahyadri Arts

    & Commerce College Kuvempu University, Shimoga - 577203.

    The study has focused on the effect of celebrity endorsement on consumerbuyingbehavior on brand mainly on three prospective,marketer, celebrity and

    consumer.Celebrity endorsements will be more effective when used

    consistently over time to increase the strength of the link between the celebrity

    and the endorsed brand.

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    Title : Impact of Celebrity Advertisement on Customers Brand Perception and

    Purchase Intention

    Author :

    Qurat-Ul-Ain Zafar

    Scholar, Faculty of Management Sciences,

    International Islamic University Islamabad, Pakistan

    Mahira Rafique

    Scholar, Faculty of Management Sciences,International Islamic University Islamabad, Pakistan

    Celebrity endorsement has reasonable impact on customers as per their attitude

    and purchase intention. Celebrity endorsement has come out as not only an

    influential factor but rather a causal factor in the results of this paper. Physical

    attractiveness, credibility and congruence of celebrity with reference to the

    endorsed advertisement all have impact on the customers perception about the

    advertised product. The tests have by and large bore favorable significant results

    in the light of variables used

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    Tiltle:A Study on Consumer Buying Behaviour on Celebrity Endorsement andBrand Building of Automobile Industry in Tamil Nadu, India

    Author:

    Annadurai Pughazhendi

    Research Scholar , PSG Institute of Management (PSG College of Technology)

    Coimbatore, India

    D. Sudharani Ravindran

    Professor, PSG Institute of Management (PSG College of Technology)

    Coimbatore, India

    This paper investigate that the choice of celebrities to fulfill that role has

    become common practice for brands competing in today's cluttered media

    environment. There are several reasons for such extensive use of celebrities.

    Because of their high profile, celebrities may help advertisements stand out

    from the surrounding clutter, thus improving their communicative ability. A

    brief assessment of the current market situation indicates that celebrity

    endorsement advertising strategies can, under the right circumstances, indeed

    justify the high costs associated with this form of advertising.

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    Title : Impact of Celebrity Endorsement on Consumers Buying Behavior

    Author :Pradeep Agrawal Research Scholar,

    Faculty of Management Studies, Banaras Hindu University,Varanasi. 221005

    Dr. S. K. Dubey Associate Professor,

    Faculty of Management Studies, Banaras Hindu University,

    Varanasi. 221005

    This paper shows that Celebrity endorsement decisively gives more visibility tothe product endorsed. What-so ever the Ground realities may be, but the masses

    still try to imbibe a style imitating the celebrities. The Brands, taking into

    consideration all the related factors, can make best use of either the Bollywood

    stars or Sports star to endorse their product. Yet not many studies are

    conducted to test if the celebrity advertisement appeal carries on towards

    both male and female, or only towards a particular gender. Companies

    must understand that the fees for celebrity talent can be substantial, cost of

    national advertising, especially on television, is extremely high, and the type ofspokesperson affects the levels of awareness and recall Studies with regards to

    celebrity endorsers, researchers have included the issue of demographics.

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    Theatrical aspect of the study

    What is celebrity endorsement?

    The use of celebrities in order to increase the sales and/ or the recall value of a

    brand is called celebrity endorsement

    The late '80s saw the beginning of celebrity endorsements in advertising in

    India. Hindi film and TV stars as well as sportspersons began encroaching on a

    territory that was, until then, the exclusive domain of models. There was a spurtof advertising, featuring stars like Tabassum (Prestige pressure cookers), Jalal

    Agha (Pan Parag), Kapil Dev (Palmolive Shaving Cream) and Sunil Gavaskar

    (Dinesh Suitings). Of course, probably the first ad to cash in on star power in a

    strategic, long-term, mission statement kind of way was for Lux soap, a brand

    which has, perhaps as a result of this, been among the top three in the country

    for much of its lifetime.

    Endorsements by celebrities have started since a long time. The very fact thattheir use has continued for so long is proof enough of its immense advantages,

    but they have several disadvantages too. When it comes to celebrity

    endorsement, the first brand that comes to the Indian mind is that of Lux, the

    Beauty Bar of the Stars. Since its inception, Lux the brand has grown

    positioning itself thus. However, recently Lux has tried to change its positioning

    from being a womans soap to being soap for men as well. Sticking to its

    strategy of using celebrities to appeal to its target audience, this time around it

    has used Shah Rukh Khan to endorse Lux. But this time the response has beenconfusing.

    One of the first sports endorsements in India was when Farokh Engineer

    became the first Indian Crickets to model for Brylcream The Indian cricket

    teams now earns roughly Rs. 100 crore through endorsements. There was a

    spurt of advertising, featuring stars like tabassum (Prestige Pressure cookers).

    Jalal Agha (Pan Parag).Kapil Dev (Palmolive Shaving cream) and SunilGavaskar (Dinesh Sutings)

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    RISE OF CELEBRITY CULTURE

    The modern mass media has increased the exposure and power of celebrity.

    Often, celebrity carries with it immense social capitals that is highly sought

    after by some individuals. High paying jobs and other social perks unavailable

    to most people are readily available to celebrities, even for wok not connected

    to the talents or accomplishment that made them famous. For example A retired

    athletes might receive high speaking fees or compensation for public

    appearances, despite his talent having been sports.Often, celebrities cannot

    escape the public eye & risk being followed by fans. As well, child celebrities

    are notorious for having poor emotional health in adulthood, and often turn to

    drug and alcohols abuse when their fame fades.

    In India today, the use of celebrity advertising for companies has become a

    trend and a perceive winning formula of corporate image building and product

    marketing. Associating a brand with a top-notch celebrity can do more than

    perk up brand recall. It can create linkages with the stars appeal, thereby adding

    refreshing and new dimensions to the brand image. In a world filled with faces,

    how many do you remember? Admittedly the ones that evoke some kind of feel

    in you, whether its humors, acceptance, appreciation or recognition. These are

    the faces youd turn to look at, the ones that would stop you in your tracks. And

    thats when you have more than just a face. You have personality. Personality

    thats reflective of your brand and promises to take it that extra mile.

    As existing media get increasingly cluttered, the need to stand out has become

    paramount- and celebrities have proved to be the ideal way to ensure brand

    prominence. Synergizing personality with product and message can create an

    instant breakthrough. Result? Brand buzz. People begin to notice, opportunities

    come about. People want to be part of the brand.

    Touch it. Feel it. Experience it.

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    IS IT SMART TO USE CELEBRITY ENDORSEMENT FOR

    BRANDING?

    Stars, who are known to shape destinies, cast an enormous influence. No, were

    not talking about astrology here. Were referring to the powerful effect of

    celebrities on destinies of brands. One approving nod from a famous face can

    translate into millions in brand sales. Perhaps thats why the world over,

    companies have been using stars to endorse everything, from food to food

    chains,from soft and hard drinks to health drinks, from clothes and accessories

    to cars (and the tyres onwhich they run).

    Even political parties are awestruck by the charisma of stars. Such is the

    magnetism of celebrities in this country that in the recent general elections,

    major political parties fielded a record number of film stars and cricketers to

    contest from important constituencies around the country.

    CELEBRITY ENDORSEMENTS AS A STRATEGY

    Signing up stars for endorsements is a time-tested strategy and has been

    effectively used by some of the top brands in the world including Nike and

    Pepsi. In India too, HLL has used Hindi film stars to endorse their beauty soap

    Lux since the fifties. Vimal, Thums Up, Gwalior and Dinesh are some of the

    other brands that used star-appeal in the early days of mass advertising. And

    who can forget Kapil Palmolive Dev?

    Marketers believe that star endorsements have several benefits, key among them

    being building credibility, fostering trust and drawing attention or any or all of

    which can translate into higher brand sales.

    So how does one decide whether to put a celebrity in an ad? Ideally, this should

    be dictated by the communication idea. MG Parmeswaran, Executive Director

    of FCB Ulka says, As advertising professionals, we recommend celebrity

    endorsements when the case is justified.

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    Celebrity Endorsement in Indian Soft Drink Companies

    Pepsi (Oh Yes Abhi!)

    New Delhi, January 29, 2013:The newand young India is impatientand wants

    to do things rightnow. This is the pulse of the nation, the new youth

    hilosophy that Pepsi aims to bring alive through its mega campaign and new

    brand positioning, OhYes Abhi. This marks the beginning of a new journey

    for Pepsi in India and will be followed by a series of innovative and exciting

    initiatives over the course of the year.

    The up-coming commercial scheduled to go on-air on February 1creates a

    spectacular viewing experience for consumers, portrayingRanbir Kapoor,

    Mahendra Singh Dhoniand Priyanka Choprain their moments of impatience.

    Priyanka is impatient to go and perform on stage; Ranbir is impatient to go and

    eat PaniPuri coupled with his Pepsi; Dhoni, the calm and composed sportsman

    is impatient to celebrate after winning the World Cup.

    Commenting on the new Pepsi positioning Deepika Warrier, Vice President,

    Marketing-Beverages, PepsiCo Indiasaid,Oh Yes Abhi is all about the

    impatient youth, who believe in making the most of the moment and therefore

    wants action rightnow!.Oh Yes Abhi! translates into - live for the present as

    tomorrow is too late,nowis the time to bring about a change; nowis the time

    to take action; if you wish to make it big, work on it now and many such

    sentiments synonymous to the young generation today. Our latest campaign

    illustrates all this and much more in a quintessential irreverent Pepsi package.

    Homi Battiwalla, Senior Director Marketing (Colas, Juices and

    Hydration), PepsiCo Indiafurther added,,By anticipating the pulse of the

    nation ahead of the curve, Pepsi yet again establishes itself as a trend-setting

    brand. Our new brand positioning, Oh Yes Abhi! reiterates the hunger for

    impatience seen in the youth today and brings it alive in a revolutionary format.

    This campaign is a great combination of impatience of the cola and impatience

    of youth presented in a grand manner.

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    The TVC brings alive Pepsis youthful irreverence and demonstrates theOh Yes

    Abhi! moments of these Pepsi brand ambassadors and youth icons. Priyanka

    Chopra, in her latest pop star look is shown waiting impatiently, all anxious to

    go on the stage for her first live performance; while Ranbir Kapoor, stuck in a

    traffic jam on Mumbais busy streets, craving for street foodand a chilled glass

    of Pepsi, instantly runs towards a PaniPuri stall to gorge on it one after the

    other.

    On the other hand, MS Dhoni, known to beexpressionless about winning or

    losing in true sportsman style, is shown breaking into a celebratory dance in the

    middle of the field after the much awaited World Cup 2011 win.Thisfilm not

    only captures the stars in their impatient avatars, but also shows many moments

    from our everyday lives that exemplify the belief of now. Shot at different

    locations, whether in the middle of a cricket stadium or a crowded Mumbai

    street or in a small town, the ad-film proves to be a true spectacle for

    consumers. Moreover, weve worked with Nirvana Films whove been

    successful in showcasing the product in a completely new and larger than life

    manner, added, Surjo Dutt, Executive Creative DirectorJWT India.

    Consumers can experience the Oh Yes Abhi fever through extensive above-the-

    line communication. This will be supported by radio activation, on-ground

    amplification andan outdoor campaign amongst other initiatives. The

    excitement continues on digital platforms like Facebook and Twitter; and aims

    to build hype on various impatient moments.

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    Coke (Open Happiness)

    Open Happinessis aglobal marketing campaign forThe Coca-Cola

    Company that was rolled out worldwide in the first half of 2009, following the

    company's "Coke Side of Life" advertising campaign. It was developed by the

    Wieden + Kennedy creative agency.

    The campaign was launched on the reality television seriesAmerican Idolon

    January 21, 2009, and rolled out to other national markets over the following

    weeks. In the United States, commercials following the Open Happiness themeappeared duringNBC's broadcast of Super Bowl XLIII on February 1, 2009,

    and duringABC's broadcast of the81st Academy Awards on February 22,

    2009. Marketing for The Coca-Cola Company based on the Open Happiness

    theme also appeared in the United States as print ads in newspapers, in

    television commercials, in outdoor advertising, and in in-store advertising.

    Coca-Cola has launched a new TVC extending its Crazy for happiness

    campaign. The soft drink major has roped in Alia Bhatt, Varun Dhawan andSiddharth Malhotra for the new commercial. The TVC created by McCann

    WorldGroup India revolves around the tagline 'Bewajah khushiyan lutao, Coca-

    Cola pilao' (Spread happiness without reason, share a Coca-Cola).

    The TVC opens in an Irani cafe where a hassled waiter is shown working

    frantically. He is clearing dishes, taking orders from patrons and receiving

    instructions from the owner of the caf. Seated at a table are Bollywood actorsAlia Bhatt, Varun Dhawan and Siddharth Malhotra. Dhawan asks for three

    bottles of Coke. Bhatt changes the order to four bottles. She gives a casual shrug

    when asked why by Dhawan and Malhotra. When the waiter sets the bottles on

    the table, Bhatt picks up the extra bottle and offers it back to the waiter.

    Surprised at her unprecedented gesture, he looks at his boss for approval. The

    boss nods in the affirmative and the waiter along with the three youngsters

    enjoy their drink. A voice over signs off saying, 'Bewajah khushiyan lutao,

    Coca-Cola pilao'.

    http://en.wikipedia.org/wiki/Global_marketinghttp://en.wikipedia.org/wiki/The_Coca-Cola_Companyhttp://en.wikipedia.org/wiki/The_Coca-Cola_Companyhttp://en.wikipedia.org/wiki/Wieden_%2B_Kennedyhttp://en.wikipedia.org/wiki/Reality_televisionhttp://en.wikipedia.org/wiki/American_Idolhttp://en.wikipedia.org/wiki/American_Idolhttp://en.wikipedia.org/wiki/American_Idolhttp://en.wikipedia.org/wiki/NBChttp://en.wikipedia.org/wiki/Super_Bowl_XLIIIhttp://en.wikipedia.org/wiki/American_Broadcasting_Companyhttp://en.wikipedia.org/wiki/81st_Academy_Awardshttp://en.wikipedia.org/wiki/81st_Academy_Awardshttp://en.wikipedia.org/wiki/American_Broadcasting_Companyhttp://en.wikipedia.org/wiki/Super_Bowl_XLIIIhttp://en.wikipedia.org/wiki/NBChttp://en.wikipedia.org/wiki/American_Idolhttp://en.wikipedia.org/wiki/Reality_televisionhttp://en.wikipedia.org/wiki/Wieden_%2B_Kennedyhttp://en.wikipedia.org/wiki/The_Coca-Cola_Companyhttp://en.wikipedia.org/wiki/The_Coca-Cola_Companyhttp://en.wikipedia.org/wiki/Global_marketing
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    On the new TVC, Anupama Ahluwalia, vice-president, marketing, Coca-Cola

    India and South West Asia, said, Brand Coca-Cola has been at the forefront in

    making a cultural point of view that encourages optimism and positivity in oureveryday lives. This summer, the Bewajah khushiyan lutao, Coca-Cola pilao

    campaign inspires everyone to spread and share happiness without any reason,

    through little gestures like sharing an ice cold bottle of Coca-Cola. We hope that

    the new Coca-Cola campaign serves as the thought starter, the trigger which

    encourages people to undertake simple acts of kindness towards others.

    Prasoon Joshi, CEO and chief creative officer, McCann World Group India,

    said, Take one of the worlds most loved brands and team it with the young

    and vibrant stars of Bollywood, along with some peppy, foot tapping music.

    Thats how we made the latest Coca-Cola campaign. The whole idea of the

    campaign was to take the 'Crazy for happiness' theme to an individual level,

    with a call to action. The emotions of togetherness and celebration, energised by

    a bottle of Coca-Cola, are very real and identifiable, and we are sure that

    everyone will connect to this.

    The company has planned an integrated communication plan including OOH,

    digital, point of sale merchandise and other on-ground initiatives across key

    markets.

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    Thumbs Up (Ajj Kuch Tufani Karte hay )

    Thums Ups 2012 summer campaign employs a new tagline, Aaj kuch toofani

    karte hain. The TVC also showcases a new star cast, headlined by South Indian

    actor (and the brands ambassador in the South)Mahesh Babu.

    The TVC, created by Leo Burnett, shows Babu and his friends cutting short a

    thirty minute trip across the city to just three minutes by taking the route less

    travelledgliding down wires, jumping roofs and slipping down pipes, in the

    daredevil style typical of the brand.

    According to the brand, This campaign marks the evolution of the Thums Up

    man from being the Angry Young Man to the Cool Risk Taker to the

    follower of Playful Mastery and now the advocate of Bold Masculine

    Leadership.

    Commenting on the film, Sainath Saraban, executive creative director, Leo

    Burnett, said, The new Aaj Kuch Toofani Kartey Hain campaign with

    Mahesh Babu, Sahil Shroff, Dhaval Thakur and Angela Jonsson has been

    designed to give the consumers a differentiated and thrilling experience.

    Nomad Films is the production house and Nick Livesey is the director.

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    Mountain Due ( Dar ke age Jit hay)

    Following the appointment of Hrithik Roshan as brand ambassador last month,

    Mountain Dew has rolled out a new campaign. The brand continues with its'Darr se mat daro, darr ke aage jeet hai' plank.

    The ad created by Taproot India shows how Roshan putting his fears aside after

    drinking Mountain Dew and jumping into the water from a high cliff. The ad

    goes on air on 22 March.

    On the campaign, Ruchira Jaitly, category director - flavours, PepsiCo India,

    said, We are excited about the new summer campaign by Mountain Dew, with

    our brand ambassador Hrithik Roshan. This campaign is true to the brand

    philosophy Darr Ke Aage Jeet Hai and brings alive how one can face the

    worst fears and vanquish them. It was a challenge to shoot this ad, given the

    location and the need to look authentic, and we had the perfect partner in

    Hrithik, who went all out to make the dive come alive. We look forward to a

    strong surround campaign to bring alive this new creative.

    Agnello Dias, creative director, Taproot India, added, Everybody feels fear. To

    be courageous is defined by ones fear rather than the fact that they feel no fear

    at all. Hrithiks personality in real life and on-screen is well rounded and multi-

    dimensional. Thats a great thing about him because he can be vulnerable and

    fearful like a normal person and transform into a heroic and fearless performer

    the next moment. He has the ability to carry off both with equal ease.

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    Research Methodology:

    Title of the study:

    Impact of celebrity endorsement on consumer buying behavior with respect

    to soft drinks

    Objectives of study:

    The objectives of the study are as follows:

    To identify the factors that motivate and affect the purchase attitude of

    the consumers

    To study the consumers perception on endorsement of celebrities through

    advertisement of consumer response

    Sources of Data

    For the study purpose both primary and secondary data are used. The primary

    data collected from customers who are consuming soft drink through structured

    Questionnaires the secondary data collected from the various website and

    research projects.

    Sampling Size:

    It is the total number of respondents targeted for collecting the data for the

    research. Sample size of 00 persons will be taken for this research .

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    Research Instrument

    Structured Questionnaires

    Sample plan

    Sample unit

    Customers who are consuming soft drinks.

    Sample size

    200 sample for research work.

    Sampling method.

    The sample is selected by using non probability convenience sampling method.

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    Data Analysis

    What is your occupation?

    Interpretation:

    From this pie-chart it is clear that majority of the respondents are students and

    rest of the share is occupied by service and business class

    80

    40

    40

    40

    Occupation

    Students

    Business class

    service class

    Others

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    Age:

    Interpretation:

    This pie-chart depicts that mostly respondents are young and while rest are

    above 25 years.

    80

    50

    50

    20

    Age

    18-25

    26-32

    32-39

    More than 40

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    Gender

    Interpretation:

    This pie-chart depicts that 98% of the respondents are male and 2% are

    Females.

    180

    20

    Gender

    Male

    Female

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    Which category of products you like most?

    (a) Soft drink (b) juice (c) others

    This pie-chart depicts that 120 of the people like soft drink and 40 people like

    juice and rest people like other drink.

    12040

    40

    Which category of products you like most?

    Soft drinks

    Juse

    others

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    If soft drink than which product you prefer mostly?

    a) Pepsi

    b) Coca Cola

    c) Local brands

    d)

    Not Specify

    Interpretation:

    This pie-chart depicts that 50 of the people like Pepsi and 60 people like coca

    cola and 50 people like local brand

    50

    60

    50

    40

    If soft drink than which product you prefer

    mostly?

    Pepsi

    Coca Cola

    Local brands

    Not specify

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    Do you collect any information or take advice before your purchase decision?

    a) Yes

    b)No

    InterpretationThis chart shows that 120 people take advice before purchase decision

    120

    80

    Do you collect any information or take

    advice before your purchase decision?

    Yes

    No

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    39

    If yes than which factor affects you most?

    a) Friends

    b) Advertisement

    c) Opinion Leader

    d)

    Others

    Interpretation:

    The chart depicts that 65 of the people consider advertisement while going for

    The purchase, followed by advice from friends 45,opinion leader 55 and 45

    people Consider other factor..

    45

    6555

    45

    which factor affects you most

    Friends

    Advertisements

    Opeinion Leder

    Others

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    40

    Which factor related to product affects you most?

    a) Price

    b) Quality

    c)

    Celebrity endorsement

    d) Others

    Interpretation:

    The chart depicts that 75 of the people consider celebrity endorser while going

    for the purchase, followed by price-with30,quality with 50 and 30 people

    Consider other factor. As people usually are more interested towards well

    known brands and if these brands are advertised by famous celebrity it creates a

    huge impact.

    45

    5075

    30

    Which factor related to product affect you

    most?

    Prise

    Quality

    Celebrity Endorsement

    Others

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    41

    Do you like to see any celebrity endorsing your brand?

    a) Yes

    b)No

    Interpretation

    This chart 120 people like to see celebrity endorsing in their brands. This

    clearly shows how much important these celebrities are in the daily life of

    common man.

    120

    80

    Do you like to see any celebrity endorsing

    your brand

    Yes

    No

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    42

    What comes in your mind when you go for Soft drinks?

    a) Celebrity endorsement

    b) Brand

    c)

    Quality

    d) Test

    Interpretation:

    This pie-chart depicts that 65 of the people consider celebrity endorser while

    going for The purchase, 55followed by brand name-with ., quality with 45 and

    35 people Consider test . ..

    65

    55

    45

    35

    what comes in your mind when you go for

    Soft drinks ?

    Celebrity Endorsement

    Brand

    Qulity

    Test

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    43

    Do you think celebrity endorsement work as an effective tool of persuasion for

    Soft drinks?

    a) Strongly Agree

    b)

    Agree

    c) Disagree

    Interpretation:

    This pie chart depicts that mostly people agree that Celebrity

    endorsement is an effective tool of persuasion. 45 of people strongly

    agree that celebrity endorsement is an effective tool of persuasion and

    95 people slightly agree that it work as tool of persuasion and 60 of

    people disagree that it is one of the tool.

    45

    95

    60

    celebrity endorsement work as an effective

    tool of persuasion for Soft drinks?

    Strongly agree

    Agree

    Disagree

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    44

    In case of Soft drinks celebrity persona you like most?

    a) Bollywood Stars

    b) Sports Stars

    c) Others

    Interpretation:

    This pie-chart depicts that 65 people like to see bollywood stars to endorse their

    Brands and 75 of them sports star. While remaining 60 want others

    65

    75

    60

    In case of Soft drinks celebrity persona you

    like most

    Bollywood Stars

    Sports Stars

    Others

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    45

    Is celebrity endorsement making you loyal toward soft drinks?

    a) Yes

    b)NO

    Interpretation:This pie-chart depict that 140 respondents agree that endorsement of Pepsi by

    their favorite celebrity make them loyal toward Pepsi and 60 dont agree with

    this.

    140

    60

    Is celebrity endorsement making you loyal

    toward soft drinks?

    Yes

    No

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    46

    Findings:

    After completing survey I found that:

    The research shows that the celebrity endorsement playing a key role on

    Indian consumers

    Most of respondent said that when they were going to purchase soft

    drinks first celebrity of the particular brand comes in the mind of the

    consumer when they see different brands of the soft drinks

    Film stars and sports stars both are equally effective as a celebrity

    endorsement

    Out of 200 respondent 140 respondent said that celebrity endorsement

    make them loyal toward the soft drinks

    Most of the respondent agree upon that the celebrity endorsement is the

    effective persuasion

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    47

    Limitation:

    There are following constraints of the study which can be explained as:-

    the time of research was short due to which many fact has been left

    untouched

    The Area undertaken in research in Himmatnagar only. But to do a

    completer research a wide area is required, so the area is also a constraint

    of the study.

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    48

    Conclusion:

    In India celebrities position in the mind of people is very high. People looks astheir Idol and millions of people follow them. In all region of the country

    different celebrities follow by their fans like a god. In cricket Sachin Tendulkar

    ,Ms Dhoni, Virat Kholi . In bollywood male endorser and female endorser both

    effective in ads like Amitabh Bachchan ,Shahrukh Khan , Salman Khan ,

    Ketrina Kaif ,Bipash Basu ,Ashwrya Rai Bachchan .These celebrities also using

    their name for endorsement very effectively.

    Celebrity endorsement in soft drinks playing a key role for the soft drinks

    companies. Soft drink is product which purchase for enjoyment. It is not

    necessary product for the consumer. So all soft drink companies are highly

    concentrate on advertisement campaign especially for TV advertisement. For all

    soft drink companies like coca cola, Pepsi use celebrity as a market strategy and

    got positive result. Consumer is highly affected by celebrity when he/she going

    to buy a soft drink. That show how celebrity endorsement is effective with

    respect to soft drinks.

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    49

    Bibliography:

    REFERENCES:

    Philip A.Stroke(2009), "impact of celebrity endorsement on stock

    prices", Journal of Consumer Research, Vol. 14 No.March .

    Roy, Shubhadip (2007), "Consumers perceptual space and Indian

    celebrities in relation to brand attributes", Journal of Business Research,

    Vol. 37 No.1,

    Shimp (2007), "Celebrities as spokesperson", Journal of Retailing, Vol.

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    spread-happiness-sans-reason-in-summer-campaign.aspx

    http://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-

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    http://catalogue.ausport.gov.au/fulltext/1998/cjsm/v2n1/dyson.htmhttp://catalogue.ausport.gov.au/fulltext/1998/cjsm/v2n1/dyson.htmhttp://catalogue.ausport.gov.au/fulltext/1998/cjsm/v2n1/dyson.htmhttp://www.campaignindia.in/Video/338791,coca-cola-urges-people-to-spread-happiness-sans-reason-in-summer-campaign.aspxhttp://www.campaignindia.in/Video/338791,coca-cola-urges-people-to-spread-happiness-sans-reason-in-summer-campaign.aspxhttp://www.campaignindia.in/Video/338791,coca-cola-urges-people-to-spread-happiness-sans-reason-in-summer-campaign.aspxhttp://www.campaignindia.in/Video/338791,coca-cola-urges-people-to-spread-happiness-sans-reason-in-summer-campaign.aspxhttp://www.campaignindia.in/Video/338791,coca-cola-urges-people-to-spread-happiness-sans-reason-in-summer-campaign.aspxhttp://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-ke-aage-jeet-hai-adventure-goes-on-air.aspxhttp://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-ke-aage-jeet-hai-adventure-goes-on-air.aspxhttp://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-ke-aage-jeet-hai-adventure-goes-on-air.aspxhttp://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-ke-aage-jeet-hai-adventure-goes-on-air.aspxhttp://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-ke-aage-jeet-hai-adventure-goes-on-air.aspxhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.pepsiohyesabhi.com/?utm_source=Google&utm_medium=Text&utm_term=keyword&utm_campaign=PepsiIPL&gclid=CL-0_NO40rYCFVEO6wod7jsAuwhttp://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-ke-aage-jeet-hai-adventure-goes-on-air.aspxhttp://www.campaignindia.in/Video/337684,mountain-dews-latest-darr-ke-aage-jeet-hai-adventure-goes-on-air.aspxhttp://www.campaignindia.in/Video/338791,coca-cola-urges-people-to-spread-happiness-sans-reason-in-summer-campaign.aspxhttp://www.campaignindia.in/Video/338791,coca-cola-urges-people-to-spread-happiness-sans-reason-in-summer-campaign.aspxhttp://catalogue.ausport.gov.au/fulltext/1998/cjsm/v2n1/dyson.htm
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