Brand Study for a Leading Payments Organization
To conduct a comprehensive brand study aimed at evaluating brand performance and resonance among relevant audiences. The study intends to assess campaign and event effectiveness, aiding informed strategic and investment decisions to enhance the brand, particularly in the contexts of talent acquisition and retention, as well as collaboration with partners.
Brand Health
Client Segment:
A leading organization in the payments sector, focused on driving digital payments and innovative banking solutions across the country.
Method:
Research Design:
Developed a robust research framework combining qualitative and quantitative methods to gain insights into brand perception and communication effectiveness.
Data Collection:
Creative Evaluation – Areas of Diagnostics: Assessed the effectiveness of current advertising campaigns through various diagnostic measures.
Spontaneous Recall: Evaluated participants’ ability to recall brand-related content without any prompts, measuring natural brand awareness.
Aided Recall through Storyboard: Participants were shown storyboards of advertisements to gauge their recognition and understanding of the messaging.
Brand Recall – Unaided and Aided: Measured the recall of the brand in both unaided (no prompts) and aided scenarios to assess brand visibility.
Spontaneous & Aided Message Delivery: Analyzed how well the core messages of the campaigns were communicated and received.
Creative Evaluation Metrics:
Ease of Understanding: Assessed how easily the audience could comprehend the advertisements.
Ad Enjoyability: Evaluated the overall enjoyment factor of the ads among the audience.
Ad Relevance: Measured how relevant the advertisements were to the audience's real-life situations.
Ad Uniqueness: Assessed the distinctiveness of the advertisements compared to competitors.
Ad Believability: Evaluated how credible the audience found the advertisements.
Ad Wear Out: Analyzed the potential decline in ad effectiveness over time.
Comparative Evaluation: Compared the advertisements with those of competitors in the same category.
Intention to Consider:
Measured the audience's likelihood to consider, recommend, or check out the services at retail locations.
Communication Evaluation Deliverables:
Understanding Impact of Communication: Assessed how effectively communications aligned with objectives and impacted brand perception.
Competitive Context: Analyzed the effectiveness of communications within the competitive landscape.
Creative Diagnostics: Provided insights into the effectiveness of aired advertisements to inform future communication strategies.
Feeding Communication Development: Gathered learnings on reach, message delivery, and impact to enhance communication strategy.
Findings:
The comprehensive analysis provided valuable insights into brand perception and communication effectiveness, revealing key areas for improvement.
Brand Awareness: A significant portion of the audience demonstrated strong spontaneous recall of the brand, indicating effective brand presence in the market.
Message Delivery: The creative evaluation highlighted areas where message clarity could be enhanced to improve audience understanding and engagement.
Ad Effectiveness: While many ads were well-received, certain advertisements showed signs of wear-out, necessitating refreshment or reevaluation to maintain effectiveness.
Solution:
Based on the research findings, the organization was able to refine its brand strategy, focusing on improving communication clarity and engagement. The insights supported targeted initiatives to enhance brand recognition, particularly in talent acquisition and partner collaboration.
Additionally, the findings informed future advertising strategies, ensuring that campaigns resonate with audiences and effectively convey the brand's value propositions.