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Pages:
2 pages/β‰ˆ550 words
Sources:
2 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Term Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.37
Topic:

Building Loyalty and Community: Nike Shoes

Term Paper Instructions:

Are you especially loyal to any one brand? If so, what is it and why are you so loyal? When successfully building loyalty and community, trust seems to be the biggest factor. How can a company build trust and what is the best approach to do so (incorporating concepts from both the field of marketing and psychology)? What are the ethical issues and obligations that come with trust once it is built? Should consumers trust companies? Why or why not? Do you think some consumers are just more prone to be loyal to companies and other consumers are not? Why or why not?
Note: Please review my expectations for the assignment. I expect your response to include 2 or more references (failure to include such references will detract from your grade on the assignment), and be presented in APA Format. Deliverable length is a minimum of 2 body pages. This does not include the cover and reference pages.
For this I want to use Nike's Shoes - use them for running, hiking, daily shoes, working out and even use them at work while in Uniform.

Term Paper Sample Content Preview:

Nike Shoes
Student’s Name
Institutional Affiliation
Nike Shoes
Customers can become loyal to a brand for various reasons, such as quality products, exceptional customer service, brand image, and personal experiences. Trust is critical in building customer loyalty, as consumers are more likely to remain loyal to a brand they trust (Kantsperger & Kunz, 2010). In marketing, building trust involves creating a solid brand image, providing transparent and consistent communication, and delivering high-quality products and services. Companies can also establish trust by prioritizing customer satisfaction and addressing customer concerns promptly and effectively. Additionally, companies can use social proof and customer testimonials to build trust, as they show that others have had positive experiences with the brand.
Incorporating concepts from psychology, companies can build trust by demonstrating empathy, being transparent and authentic, and creating a sense of community (Kang & Hustvedt, 2014). When companies show compassion for their customers, they are more likely to build strong relationships and earn their trust. Transparency and authenticity can be demonstrated by being honest about the products and services offered and avoiding false or misleading advertising (Kang & Hustvedt, 2014). Building a sense of community can be achieved through customer engagement, such as hosting events, offering loyalty programs, and fostering positive customer relationships.
Once trust is built, companies have ethical obligations to maintain it. Kantsperger and Kunz (2010) opine that this includes avoiding practices that may harm their customers, such as deceptive advertising or exploiting personal information, and upholding high standards of privacy and security. Companies are also responsible for being transparent and honest in their dealings with customers and avoiding actions that may undermine their trust. Whether or not consumers should trust companies is a ma...
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