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ACKNOWLEDGEMENT
Nothing concrete can be achieved without an optimal combination of inspiration and perspiration. No work can be accomplished without taking the guidance of the import. It is only the critiques for the ingenious intellectual that helps transform a product into a quality product.
A project is a major milestone during the study period of a student. As such this project was a challenge to us and was an opportunity to prove our caliber. It would not have been possible to see through the undertaken project without the guidance of DR. Kavita Srivastava. It was purely on the basis of her experience and knowledge that we were able to clear all the theoretical and technical hurdles during the development phases of this project work. We also thank all the student of IBS ,ABS who helped us in collecting the data. We would also like to take this opportunity to thank T.Kapri, Y.Kelong for their help and support during the project.
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INDEX
CONTENT 1. Abstract 2. Introduction 3. Objective 4. Definition of concept 5. Literature Review 6. Hypothesis testing PAGE NO. 3 4 7 8 9 12
y Measuring the variable 8. Reliability Test 9. Analysis and Result y y y Multiple Regressions between Brand Preference and the 5 Self Concepts Multiple Regressions between Brand Recall and the 5 Self Concepts Multiple Regressions between Purchase Intensions and the 5 Self Concepts
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ABSTRACT
This study deals with the self concept and advertising effectiveness. The self -concept is the compilation of knowledge about the self, such as beliefs regarding personality traits, physical characteristics, abilities, values, goals, and roles. One of the primary aims of any advertising is to provide an affiliation between consumers self -concepts and the representative meanings of a product s positioning. There are a variety of self- concept such as actual self concept, ideal self concept and expected self image. The objective our study is to determine whether or not advertising effectiveness is influenced by viewers self concept. Primary data was collected for this study through surveys. A questionnaire was formulated for the same as they provide concise and appropriate information The sample size taken was of 170(According to the thumb rule the sample size should be the number of questions in a questionnaire multiplied by 10).. The questionnaire had a 5 pointer scale which assessed the participant s attitude function towards their choice of apparel brand with respect to their self concept. The objective of the questionnaire studied the dependence of various attributes such as Brand preference, Brand recall and Purchase intention on self concept and the te chnique used was multiple regression analysis. For our research we conducted Cronbach s Alpha Reliability Test, for which the result came out to be 0.836. If the Cronbach Alpha Value is >0.6 then the research conducted has a significantly Reliable data. Since, The Alpha value in our research came out to be more than the benchmark value it indicates that our d ata collected is consistent. For the purpose of regression analysis the independent variables chosen were Sporty, Traditional, Formal/Executive, Fashion Conscious and Casual. Firstly we had run a correlation between the sub -components of each attribute. After identification of our dependent variables (Y i) viz. Brand preference (Y 1), Brand recall (Y 2) and purchase
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Self concept & Brand Preference Self concept & Brand Recall Self concept & purchase intention
INTRODUCTION
Why does a person feel that he or she needs to wear a certain fashion brand or buy specific products in order for others to perceive them in a particular manner? Today through a venue and medium of movies, television, magazines and advertising we get to know what is socially acceptable and what will give us an identity in the crowd. Most of us want to see ourselves as acceptable not just to ourselves, but also to other people in society as well. It is this we call self-concept that induces us to fulfill this need. In order to let others kn ow what image we are portraying, we buy and use products that reflect our image. The selfconcept is the compilation of knowledge about the self, such as beliefs regarding personality traits, physical characteristics, abilities, values, goals, and roles. It is very important to note this here that the self concept is not restricted to the present. It includes past selves and future selves. Future selves or "possible selves" represent individuals' ideas of what they might become, what they would like to be come, and what they are afraid of becoming. They correspond to hopes, fears, standards, goals, and threats. Possible selves may function as incentives for future behavior and they also provide an evaluative and interpretive context for the current view of self. It starts taking shape in infancy wherein children acquire and organize information about them as a way to enable them to understand the relation between the self and their social world. This developmental process is a direct consequence of children' s emerging cognitive skills and their social relationships with both family and peers. During early childhood, children's self-concepts are less differentiated and are centered on concrete characteristics, such as physical attributes, possessions, and skills. During middle childhood, the self -
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Use of Self Concept in Advertising One of the primary aims of any advertising is to provide an affiliation between consumers self-concepts and the representative meanings of a product s positioning. It is only with the help of consumers existing self-concepts that marketers decide the method to pos ition their products. Marketers extensively use self-concepts to position their products which is generally done by creating such cues or symbols which form the basis for formation of individual s private and social self-concepts. The self concept is a self map of how he/she would want to act, feel, look and think. This self concept allows the developer to know exactly the steps to take to know him/her and what distinguishes self from others. Advertising can actually convince the consumers to buy products t hat are in sync with the self-concept that they are attempting to achieve. The use of punch lines, slogans, celebrities, and brand images give consumers an insight about attributes of any product and they purchase products which facilitate them in maintain ing their actual self-concept, achieving their ideal self-concept, enhancing their private self-concept, or in creating an acceptable social self-concept. Self-concept has a significant impact on the cognitive, behavioral, and emotional systems of individu als. Consumers' images about themselves and how they desire to appear to others, as well as their aspirational needs, provide fodder for advertising and brand positioning. Why Fashion Industry
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OBJECTIVES
DEFINITION OF CONCEPT
The research project under taken tries to find the relation between the self concept and advertisement effectiveness. The main objective of this project is to find whether or not advertisement effectiveness is affected by the self concept. Self-concept is a multi-dimensional construct that refers to an individual's perception of "self" in relation to any number of characteristics. Self concept is composed of permanent self assessments of personality attributes, skills, job, hobby etc. In this project we t ry to assess this psychological aspect with dressing sense of an individual. Dressing sense in a way can reflect the personality attributes of an individual,whether an individual perceives himself/ herself as sporty, traditional, formal, casual or fashion conscious. Advertisement in apparels industry would surely be focusing on these attributes as some companies focuses on sporty attire, some on traditional, some specializes in formal and some for casual wear and some may be going for mix of the mentioned categories. Those individual who perceive themselves as sporty are likely to be more concerned about the absorbent fabric, sweat resistance, netted and airy fabric, and comfort level during playing the sports they like. On the other hand those individual who relate themselves to formal dressing would be more inclined towards color, matching the colors ,simplicity, neat and clean look and like factors. Those who perceive themselves as traditional would have different mind set as compared to above mentioned categories. They would go for traditional, orthodox or ethnic wear. Fashion conscious person would like to keep his wardrobe updated with whatever is current market trend and would always go for latest color, accessories fashion trend/styling. Casual mindset people would opt for comfort over any other factor. They wo uld go with whatever goes best with occasion.
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LITERATURE REVIEW
1) The self-concept and image congruence hypothesis-An empirical evaluation in the motor vehicle market (Adam P. Heath ASB Bank, Auckland, New Zealand and Don Scott Southern Cross University, Lismore, NSW, Australia) This paper evaluated self-concept and image congruence theory under actual market conditions and in relation to physically similar products with different brand images. From a marketing perspective, the study of self-concept is of particular relevance because the image that individuals associate with themselves frequently dictates specific purchase behavioral patterns. For example, consumers may buy a product because, among other factors, they feel that the product enhances their own self -image. The research was conducted in the motor vehicle market by formulating hypothesis and testing it on the population of all private motor vehicle owners who had purchased either a Mazda 323 or a Ford Laser. One of the major implications of this research for the motor industry was that no support was found for the idea that consumers of different brands of
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It was found that the effect of brand image on brand evaluations was moderated by the degree to which consumers think about their own self -image and that this can be manipulated through the use of promotional messages. The results emphasized the fit between brand image and self-image can inhibit possible negative effects of poor perceived product quality on consumers attitudes. Consumers may be too busy thinking about the match between their self-image and the brand s image to consider the limited or undesirable functional features and benefits of the product. 3) Journal : The self concept revisited ; or a theory of a theory
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HYPOTHESIS FORMULATION
While reading the following abstract This research focuses on the relationship between self concept and the personification of brand image. Advertising effectiveness is evaluated with the help of study of the attributes like brand memory, brand attitude and purchase
intentions. Brand Memory is actually a person's collected experiences of a company, product or service with a certain name. It basically talks about everything one remembers about a company through interaction, what other people say about them, advertising, using
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HYPOTHESIS TESTING
The purpose of the study is to te st Null hypothesis (H0) in a naturalistic externally valid context. To do so we measured the participants attitude towards their choice of Apparel Brand and then examined the relationships with the above mentioned variables. The following is the Hypothesis for the Respective Regressions: Brand Recall: H1b: Self concept does affect the Brand Recall Brand Preference: H2b: Self concept does affect the Brand Preference. Purchase Intention: H3b: Self concept does affect the Purchase Intention.
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MODEL
Brand Recall (Brand Memory)
Self Concept
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RESEARCH METHODOLOGY
RESEARCH DESIGN
For the purpose of carrying out the present study, we have taken into account the exploratory and descriptive research methods. The exploratory part of the stud y was primarily based on secondary data analysis. For this purpose various case studies, articles from various journals were reviewed. The parameters and variables considered for the present study have been derived from the findings of the literature revie w. The secondary data analysis provided valuable insights to understand the psychological construct like self concept and brand image, brand memory, brand preference, band attitude, purchase intentions. Based on the inputs from the exploratory research s tage, we went ahead with the descriptive research to show the association between the chosen parameters and variables and to quantify them. We have used single cross -sectional study design for the purpose. This design is best suited to studies aimed at fin ding out the prevalence of a phenomenon, situation, problem, attitude, or issue, by taking a cross -section of the population. They are useful in obtaining an overall picture as it stands at the time of the study. In the present study we have used this de sign because it involves only one contact with the study population and it is cheap to undertake and easy to analyze.
SAMPLE DESIGN
Sample Universe For the purpose of the study we had chosen the apparel industry. This practically brings the whole human population in the ambit of the sample universe considered for the study.
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Sampling Plan It was decided that the survey will be conducted through internet with e -mails as their was a distance constraint to conduct the study. For the same purpos e an e-questionnaire was designed. Since our group has two ex -students from Amity, their acquaintances in the Amity Business School were used to start the initial phase of the survey. At first, the questionnaire was mailed to 30 different students and they were asked to encourage their friends too for filling it. By doing so, snowball sampling was implemented successfully. It has been seen that generally the turn-out ratio of the respondents in any internet based survey comes out to be 10:1. In our study by using acquaintances in the survey we were able to bring down this ratio substantially. Sample Size Considerations Our study required Primary Data Collection Technique. We collected the first hand data through e-questionnaires. And henceforth the data was analyzed through MS-Excel spreadsheet where it was automatically updated as soon as a person responded to the questionnaire.
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Determine if a probability of non-probability sampling method will be chosen Non probabilistic snow ball sampling
Conduct Fieldwork
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RELIABILITY TEST
Reliability means consistency. It helps in measuring the degree to which an instrument will give similar results for the same individuals at different times. Reliability can take on values of 0 to 1.0, inclusive. For our research we conducted Cronb ach s Alpha Reliability Test.It is said that if the Cronbach Alpha Value is >0.6 then the research conducted has a significantly Reliable data. We have carried out the reliability test for the dependent variables to find the reliability of the scales.
y y y
Brand Preference The reliability of the scale measuring the variable came out to be 0.857. It is said that if the Cronbach Alpha Value is >0.6 then the research conducted has a significantly Reliable data. So in this case we can conclude that the scale for measuring the Brand Preference is highly reliable.
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Reliability Statistics Cronbach's Alpha Based on Cronbach's Alpha .857 Standardized Items .858 N of Items 4
Brand Recall The reliability of the scale measuring the variable came out to be 0.432. It is said that if the Cronbach Alpha Value is >0.6 then the research conducted has a significantly Reliable data. So in this case we can conclude that the scale for measuring the Brand Recall is about moderately reliable.
Reliability Statistics Cronbach's Alpha Based on Cronbach's Alpha .432 Standardized Items .375 N of Items 4
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Reliability Statistics Cronbach's Alpha Based on Cronbach's Alpha .491 Standardized Items .512 N of Items 4
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From the table labeled Correlations, we note that the correlations between the Dependent Variable viz. Brand Preference and the five Independent Variables viz. Sporty, Traditional, Executive/Formal, Fashion Conscious and Casual, are 0.221, -0.017, 0.076, 0.388, 0.514, respectively. Also as, p is less than 0.05, it indicates that the relationship between the dependent variable and the Independent variables viz., Sporty, Fashion conscious and Casual Independent Variables are statistically significant. Thus, we may conclude that the other two independent variables don t relate strongly to the dependent variable.
Correlations
Brand_Preference Sporty Pearson Correlation Brand_Preference Sporty Traditional Executive_Formal 1.000 .221 -.017 .076 .221 1.000 -.321 -.034 .337 .126 .002 . .000 .328 .000 .051 170 Traditional -.017 -.321 1.000 .174 -.206 -.028 .415 .000 . .012 .004 .360 170 Executive_Formal .076 -.034 .174 1.000 .231 .131 .163 .328 .012 . .001 .044 170 Fashion_Conscious Casual .388 .337 -.206 .231 1.000 .344 .000 .000 .004 .001 . .000 170 .514 .126 -.028 .131 .344 1.000 .000 .051 .360 .044 .000 . 170
Fashion_Conscious .388 Casual Sig. (1tailed) Brand_Preference Sporty Traditional Executive_Formal .514 . .002 .415 .163
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We may also conclude from this table that the independent variables are not uncorrelated because there are significant values of Pearson Correlation between the independent variables as per the Correlations Table. We can also see that the highest correlation between the independent variables fashion conscious and casual self concept i.e.0.344, but highest Correlation is between the independent variable Casual Self Concept and dependent variable Brand Preference i.e.0.514. Thus we can suggest that even if there exists a problem of multi co-linearity it is very minor. According to the Model Summary R = 0.575 and R 2 =0.331; thus the five self concept variables collectively account for 33.1% of Brand Preference Variance. While the sample R 2 value is 0.331, we may note that the Adjusted R 2 value is 0.310. The small amount of shrinkage from sample to Adjusted R 2 is due to the fact that the ratio of the subjects to the independent variables exceeds 10:1. In our case this ratio is 170:5 (34:1). Model Summary
Std. Error of the Adjusted R Square Estimate .310 .62362
Model 1
R .575
a
R Square .331
As per the ANOVA table, the overall regression model with all independent variables included is statistically significant (F (5,164) = 16.212, p < 0.05). The degrees of freedom of 5 and 164 represent the number of independent variables in the equation and the sample size minus the number of independent variables minus, respectively. (N -P-1=170-5-1=164). The
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63.779
164
.389
Total
95.303
169
From the table labeled Coefficients, we find that the multiple regression equation for predicting brand preference from the 5 self concepts variables is as follows: Y1 = 1.651 + 0.075 X 1 + 0.058 X 2 0.030 X 3 + 0.160 X 4 +0.351 X 5 Where, Y1 = Estimated Brand Preference X1 = Sporty Self Concept X2= Traditional Self Concept X3 = Executive/Formal Self Concept X4 = Fashion Conscious Self Concept X5= Casual Self Concept We may interpret B1 = 0.075 as follows: For a specified value of Tr aditional (X 2), Executive/Formal (X3), Fashion Conscious (X 4) and Casual (X 5) Self Concepts, each unit increase in Sporty Self Concept (X 1) is associated with an average increase of 0.075 Brand
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Coefficients
Correlations
Collinearity Statistics
Model
Std. Error
Beta
VIF
1 (Constant)
1.651
.334
4.948 .000
Sporty
.075
.046
.117
.128
.105 .817
1.225
Traditional
.058
.046
.088
.098
.081 .846
1.181
Executive_Formal -.030
.046
-.044
1.124
Fashion_Conscious .160
.052
.229
.233
.196 .732
1.366
Casual
.351
.056
.429
.441
.402 .877
1.140
Coefficientsa Unstandardized Standardized Coefficients Coefficients Correlations ZeroModel 1 (Constant) Zscore(Sporty) Zscore(Traditional) B Std. Error Beta t Sig. order Partial Part Tolerance VIF Collinearity Statistics
85.291 .000 1.651 .101 .221 .128 1.261 .209 -.017 .098 .105 .817 .081 .846 1.225 1.181
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As we know that the relative values of the B coefficients are a function of the relative values of the standard deviations of X 1, X2, X3, X4, and X 5. Accordingly, the B coefficients are not a pure measure of the relative importance of the variables in an equation and cannot be used as such. To assess the relative importance of variables in an equation, weights are usually more useful because they are based on the standardized values, with each variable having an equal standard deviation of 1. From the Second coefficients table, we may see the standardized from of coefficients. The value for the Standardized as seen from the Z
score based table and the standardized value from the previous value can seen to be the same. This is due to the fact that same rating scale was used throughout in the sur vey. The new regression equation without the Y intercept is Y1 = 0.117 X 1 + 0.088 X 2 0.044 X 3 + 0.229 X 4 +0.429 X 5 However for the analysis part we would still consider the table obtained un -standardized values. To test the partial regression coefficients for the statistical significance the T ratio is checked. This T ratio tests whether the B coefficients differ from 0. With 5 independent variables in the equation the T test has 1 70-5-1 degree of freedom. If B coefficient differ significantly from 0, the variable associated with the B contributes significantly to the prediction over and above the contribution of the other variables. We can see that the T ratio for B1 from the table of Coefficients is 1.651 and is statistically not significant (as p > 0.05) or in other words B1 is not equal to 0. Thus we conclude that Sporty Self Concept is statistically not significant predictor of the variable Brand Preference. Similarly, by analyzing the other T ratios we can conclude that Fashion Conscious Self Concept and Casual Self Concept contribute significantly to th e variable Brand Preference.
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Collinearity Diagnosticsa Eigen Condition Model Dimension value Index 1 1 2 3 4 5 6 5.644 1.000 .171 .078 .053 .038 .016 5.744 8.532 10.321 12.197 18.766 Variance Proportions (Constant) Sporty Traditional Executive_Formal Fashion_Conscious Casual .00 .00 .00 .00 .03 .96 .00 .12 .24 .43 .01 .19 .00 .41 .19 .00 .20 .19 .34 .01 .05 .00 .01 .00 .03 .59 .03 .29 .64 .00 .00 .00 .00 .15 .44 .41
The collinearity Diagnostics table is used to predict the presence of multi -collinearity. The thumb rule is that if any two IV s have a Variance Proposition in excess of 0.9 corresponding to any row in which Condition Index is in excess of 30 there exists Multi-collinearity. In the present case there are no such indications from the table and we can safely conclude that the multiple-collinearity in this case is very minor if any. When the Collinearity Diagnostics was done on standardized scores the cumulative Condition Index came to 1.813 is under value 0f 2.0 this shows that using the standardized scores will further reduce the issue of Multi-collinearity issue.
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Descriptive Statistics
Mean Brand_Recall Sporty Traditional Executive_Formal Fashion_Conscious Casual 3.4721 3.5647 2.8824 3.4941 3.6647 4.3059 Std. Deviation .74849 1.16097 1.14004 1.10001 1.07662 .91695 N 170 170 170 170 170 170
From the table labeled Correlations, we note that the correlations between the Dependent Variable viz. Brand Recall and the five Independent Variables viz. Sporty, Traditional, Executive/Formal, Fashion Conscious and Casual, are 0.192, -0.068, 0.162, 0.383, 0.316, respectively. Also as, p is less than 0.05, it indicates that the relationship between the dependent variable and all the Independent variables viz., Sporty, Executive/Formal, Fashion conscious and Casual Independent Variables are statistically significant. Thus, we may conclude that the left one independent variable Traditional does not relate strongly to the dependent variable. Correlations
Brand_Recall Pearson Brand_Recall Correlatio n Sporty 1.000 .192 Sporty .192 1.000 Traditional -.068 -.321 Executive_Formal .162 -.034 Fashion_Conscious .383 .337 Casual .316 .126
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We may also conclude from this table that the independent variables are not uncorrelated because there are significant values of Pearson Correlation between the independent variables as per the Correlations Table. We can also see that the highest correlation between the independent variables Fashion Conscious and Casual Self Concept i.e.0.344, but highest Correlation is between the independent variable Fashion Conscious Self Concept and dependent variable Brand Recall i.e.0.383. Th us we can suggest that even if there exists a problem of multi co-linearity it is very minor. According to the Model Summary R = 0.442 and R 2 =0.195; thus the five self concept variables collectively account for 19.5% of Brand Recall Variance. While the sa mple R2 value
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Model 1
R .442
a
R Square .195
As per the ANOVA table, the overall regression model with all independent variables included is statistically significant (F (5,164) = 7.943, p < 0.05). The degrees of freedom of 5 and 164 represent the number of independent variables in the equation and t he sample size minus the number of independent variables minus, respectively. (N -P-1=170-5-1=164). The value of Sig. is 0.000 this clearly states that the variation that the model is predicting is not by chance. On the basis of this we can reject H1a or Null hypothesis is rejected, our model shows that Self concept affects Brand Recall and the model in this case can predict the variance in Brand Recall due to variance in Self concept 19.5% times. ( R square value in the model summary table).
ANOVAb
Model 1 Regression Residual Sum of Squares 18.458 Df 5 Mean Square 3.692 F 7.943 Sig. .000
a
76.222
164
.465
Total
94.680
169
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Coefficientsa Unstandardized Coefficients Standardized Coefficients Correlations ZeroModel 1 (Constant) Sporty Traditional Executive_Formal B 1.695 .051 .004 .051 Std. Error .365 .050 .050 .051 .057 .061 .080 .006 .075 .270 .204 Beta t Sig. order Partial Part Tolerance VIF Collinearity Statistics
4.648 .000 1.029 .305 .192 .074 .941 -.068 1.014 .312 .162 3.293 .001 .383 2.725 .007 .316 .080 .006 .079 .249 .208 .072 .817 .005 .846 .071 .890 .231 .732 .191 .877 1.225 1.181 1.124 1.366 1.140
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4.648 .000 1.029 .305 .192 .074 .941 -.068 1.014 .312 .162 3.293 .001 .383 2.725 .007 .316 .080 .006 .079 .249 .208 .072 .817 .005 .846 .071 .890 .231 .732 .191 .877 1.225 1.181 1.124 1.366 1.140
Coefficientsa Unstandardized Coefficients Standardized Coefficients Correlations ZeroModel 1 (Constant) Zscore(Sporty) Zscore(Traditional) Zscore(Executive_Formal) B Std. Error Beta t Sig. order Partial Part Tolerance VIF Collinearity Statistics
3.472 .052 .060 .004 .056 .058 .057 .056 .061 .056 .080 .006 .075 .270 .204
66.404 .000 1.029 .305 .192 .074 .941 -.068 .080 .006 .079 .249 .208 .072 .817 .005 .846 .071 .890 .231 .732 .191 .877 1.225 1.181 1.124 1.366 1.140
As we know that the relative values of the B coefficients are a function of the relative values of the standard deviations of X 1, X2, X3, X4, and X 5. Accordingly, the B coefficients are not a pure measure of the relative importance of the variables in an equation and cannot be used as such. To assess the relative importance of variables in an equation, weights are usually more useful because they are based on the stand ardized values, with each variable having
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table and the standardized value from the previous value can seen to be the same. This is due to the fact that same rating scale was used throughout in the survey. The new regression equation without th e Y intercept is Y2 = .080X 1 + 0.006 X2 +0.075 X3 + 0.270 X4 +0.240 X5 However for the analysis part we would still consider the table obtained un -standardized values. To test the partial regression coefficients for the statistical significance the T ra tio is checked. This T ratio tests whether the B coefficients differ from 0. With 5 independent variables in the equation the T test has 1 70-5-1 degree of freedom. If a B coefficient differs significantly from 0, the variable associated with the B contributes significantly to the prediction over and above the contribution of the other variables. We can see that the T ratio for B1 from the table of Coefficients is 1.029 and is statistically not significant (as p > 0.05) or in other words B1 is equal to 0. Thus we conclude that Sporty Self Concept is statistically not a significant predictor of the variable Brand Recall. Similarly, by analyzing the other T ratios we can conclude that Traditional and Executive/Formal Self Concepts also do not contribute significantly to the variable Brand Recall. But as the p value for Fashion Conscious and Casual Self Concepts is less than 0.05, therefore both these variables are significantly predicting our dependent variable Brand Recall.
Collinearity Diagnosticsa Condition Model Dimension Eigenvalue Index 1 1 2 5.644 .171 1.000 5.744 Variance Proportions (Constant) Sporty Traditional Executive_Formal Fashion_Conscious Casual .00 .00 .00 .12 .00 .41 .00 .01 .00 .03 .00 .00
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The collinearity Diagnostics table is used to predict the presence of multi -collinearity. The thumb rule is that if any two IV s have a Variance Proposition in excess of 0.9 corresponding to any row in which Condition In dex is in excess of 30 there exists Multi -collinearity. In the present case there are no such indications from the table and we can safely conclude that the multiple-collinearity in this case is very minor if any . When the Collinearity Diagnostics was done on standardized scores the cumulative Condition Index came to 1.813 is under value 0f 2.0 this shows that using the standardized scores will further reduce the issue of Multi-collinearity issue.
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From the table labeled Correlations, we note that the correlations between the Dependent Variable viz. Purchase Intention and the five Independent Variables viz. Sporty, Traditional, Executive/Formal, Fashion Conscious and Casual, are 0.179, -0.125, 0.173, 0.316, 0.375, respectively. Also as, p is less than 0.05, it indicates that the relationship between the dependent variable and the Independent variables viz., Sporty, Executive/Formal, Fashion conscious and Casual Independent Variables are statistically significant. Thus, we may conclude that the left, one independent variable does not relate strongly to the dependent variable. Correlations
Purchase_Inte ntion Sporty Pearson Correlation Purchase_Intention
Traditional
Executive_Formal Fashion_Conscious
Casual
1.000
.179
-.125
.173
.316
.375
.126 -.028 .131 .344 1.000 .000 .051 .360 .044 .000
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We may also conclude from this table that the independent variables are not uncorrelated because there are significant values of Pearson Correlation between the independent variables as per the Correlations Table. We can also see that the highest correlation between the independent variables Fashion Conscious and Casual Self Concept i.e.0.344, but highest Correlation is between the independent variable Casual Self Concept and dependent variable Purchase Intention i.e., 0.375. Thus we can suggest that even if there exists a problem of multi co -linearity it is very minor. According to the Model Summary R = 0.448 and R 2 =0.201; thus the five self concept variables collectively account for 20.1% of Purchase Intention Variance. While the sample R 2 value is 0.201, we may note that the Adjusted R 2 value is 0.177. The small amount of shrinkage from sample to Adjusted R 2 is due to the fact that the ratio of the subjects to the independent variables exceeds 10:1. In our case this ratio is 170:5 (34:1). Model Summary
Std. Error of the Adjusted R Square Estimate .177 .60001
Model 1
R .448
a
R Square .201
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ANOVAb
Model 1 Regression Residual Sum of Squares 14.859 Df 5 Mean Square 2.972 F 8.255 Sig. .000
a
59.042
164
.360
Total
73.900
169
From the table labeled Coefficients, we find that the multiple regression equation for predicting brand preference from the 5 self concepts variables is as follows: Y3 = 2.132 + 0.039 X 1 - 0.049 X 2 0.071 X 3 + 0.089 X 4 +0.216 X 5 Where, Y3 = Estimated Purchase Intention X1 = Sporty Self Concept X2= Traditional Self Concept X3 = Executive/Formal Self Concept
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Coefficients
Unstandardized Coefficients
Collinearity Statistics
Beta
Sig. order
6.640 .000 .069 -.085 .118 .145 .299 .895 .372 .179 .070 .063 .817 1.225 1.181 1.124 1.366 1.140
-1.119 .265 -.125 1.589 .114 .173 1.773 .078 .316 4.011 .000 .375
-.087 -.078 .846 .123 .137 .299 .111 .890 .124 .732 .280 .877
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Coefficientsa Unstandardized Coefficients Standardized Coefficients Correlations ZeroModel 1 (Constant) Sporty Traditional Executive_Formal B 2.132 .039 -.049 .071 Std. Error .321 .044 .044 .044 .050 .054 .069 -.085 .118 .145 .299 Beta t Sig. order Partial Part Tolerance VIF Collinearity Statistics
6.640 .000 .895 .372 .179 .070 .063 .817 1.225 1.181 1.124 1.366 1.140
-1.119 .265 -.125 1.589 .114 .173 1.773 .078 .316 4.011 .000 .375
-.087 -.078 .846 .123 .137 .299 .111 .890 .124 .732 .280 .877
Coefficientsa Unstandardized Standardized Coefficients Coefficients Correlations ZeroModel 1 (Constant) Zscore(Sporty) Zscore(Traditional) B Std. Error Beta t Sig. order Partial Part Tolerance VIF Collinearity Statistics
78.900 .000 .895 .372 .179 .070 .063 .817 .846 1.225 1.181
Zscore(Executive_Formal)
.078 .049
1.589 .114 .173 .123 1.773 .078 .316 .137 4.011 .000 .375 .299
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As we know that the relative values of the B coefficients are a function of the relative values of the standard deviations of X 1, X2, X3, X4, and X 5. Accordingly, the B coefficients are not a pure measure of the relative importance of the variables in an equation and cannot be used as such. To assess the relative importance of variables in an equation, weights are usually more useful because they are based on the standardized values, with each variable having an equal standard deviation of 1. From the coefficients table, we can see the standardized from of from of coefficients. . From the Second coefficients table, we may see the standardized coefficients. The value for the Standardized as seen from the Z score based
table and the standardized value from the previous value can seen to be the same. This is due to the fact that same rating scale was used throughout in the survey. The new regression equation without the Y intercept is Y3 = .069X 1 -0.085 X2 +0.118 X3 + 0.145 X4 +0.299 X5 To test the partial regression coefficients for the statistical significance the T ratio is checked. This T ratio tests whether the B coefficients differ from 0. With 5 independent variables in the equation the T test has 1 70-5-1 degree of freedom. If a B coefficient differs significantly from 0, the variable associated with the B contributes significantly to the prediction over and above the contribution of the other variables. We can see that the T ratio for B1 from the table of Coefficients is 0.895 and is statistically not significant (as p > 0.05) or in other words B1 is equal to 0. Thus we conclude that Sporty Self Concept is statistically not a significant predictor of the variable Purchase Intention. Similarly, by analyzing the other T ratios we can conclude that Traditional, Executive/Formal and Fashion Conscious Self Concept also do not contribute significantly to the variable Purchase Intention. But as the p value for Casual Self Concept is less than 0.05, therefore this variable is significantly predicting our dependent variable Purchase Intention .
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Collinearity Diagnostics
Condition Model Dimension Eigenvalue Index 1 1 2 3 4 5 6 5.644 .171 .078 .053 .038 .016 1.000 5.744 8.532 10.321 12.197 18.766
Variance Proportions (Constant) Sporty Traditional Executive_Formal Fashion_Conscious Casual .00 .00 .00 .00 .03 .96 .00 .12 .24 .43 .01 .19 .00 .41 .19 .00 .20 .19 .00 .01 .59 .34 .01 .05 .00 .03 .03 .29 .64 .00 .00 .00 .00 .15 .44 .41
The collinearity Diagnostics table is used to predict the presence of multi -collinearity. The thumb rule is that if any two IV s have a Variance Proposition in excess of 0.9 corresponding to any row in which Condition Index is in excess of 30 there exists Multi -collinearity. In the present case there are no such indications from the table and we can safely conclude that the multiple-collinearity in this case is very minor if any . When the Collinearity Diagno stics was done on standardized scores the cumulative Condition Index came to 1.813 is under value 0f 2.0 this shows that using the standardized scores will further reduce the issue of Multi-collinearity issue.
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CONCLUSION
Self concept, brand memory, brand purchase intention and brand preference were the three variables used with self concept working as the independent variable and the remaining three as the dependant. Our analysis report mentions that based on the values of the R square value in the Model Summary table and the significance value in Anova table we accept the alternative hypothesis. Brand Recall: H1b: Self concept does affect the Brand Recall Accepted. Our model shows that Self concept affects Brand Recall a nd the model in this case can predict the variance in Brand Recall due to variance in Self concept 19.5% times. Similarly, by analyzing the other T ratios we can conclude that Fashion Conscious Self Concept and Casual Self Concept contribute significantly to the variable Brand Recall. Brand Preference: H2b: Self concept does affect the Brand Preference Accepted. Our model shows that Self concept affects Brand Preference and the model in this case can predict the variance in Brand Preference due to variance in Self concept 33.1% times. Similarly, by analyzing the other T ratios we can conclude that Fashion Conscious Self Concept and Casual Self Concept contribute significantly to the variable Brand Preference. Purchase Intention: H3b: Self concept does affect the Purchase Intention Accepted. Our model shows that Self concept affects Brand Purchase Intention and the model in this case can predict the variance in Brand Purchase Intention due to variance in Self concept 17.7% times.
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When a consumer see s the advertisement of his brand, he immediately tries to fit in his perception of himself with the image that the brand is portraying. If the image fits, then he goes ahead to purchase the brand. Thus we can effectively say that if a marketer bases his advertisements on the parameters mentioned above and appeals to the self concept of the consumer then he can effectively market his brand.
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Sample size is a major risk when interpreting research results. In our case, there were only 150 surveys administered to students, meaning the sample is not statistically representative of the student population
Most of our respondents were between the ages of 18 -24. This sample may not represent the entire population of the students. To alter this risk, most researchers increase their sample size. We were under time constraints, as well as limited resources to comply with this type of change.
Non response error was also a problem when interpreting our results. Some respondents chose not to answer some of our survey questions.
Social desirability bias is another factor influencing response error . Students seek to gain desire or prestige by falsely answering questions.
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BIBLIOGRAPHY
y
International Education Journal, 2007, 8(2), 470-484. ISSN 1443-1475 2007 Shannon Research Press. http://iej.com.au 470 A Rasch analysis of the Academic Self-Concept Questionnaire European Journal of Marketing 32,11/12 11 10 The self-concept and image congruence hypothesis. An empirical evaluation in the motor vehicle market. Adam P. Heath ASB Bank, Auckland, New Zealand and Don Scott Southern Cross University, Lismore, NSW, Australia Psychology & Marketing Vol. 12(1): 53-77 (January 1995) 1995 John Wiley & Sons, Inc. CCC 0742-6046/95/010053-25 William .O. Bearden and Richard .G. Netemeyer (1999), Hand Book of Marketing Scales, SAGE Publications India Private Limited, New Delhi http://www.emeraldinsight.com/Insight/ViewContentServlet?contentType=Article&F ilename=/published/emeraldfulltextarticle/pdf/0070321109.pdf http://leeds2.emeraldinsight.com/Insight/ViewContentServlet;jsessionid=A500F46D1 C6DD34F626EF8AF54EE3DFD?contentType=Article&Filename=Published/Emeral dFullTextArticle/Articles/0770130301.html
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ANNEXURE QUETIONNAIRE
Age: Self concept: Rate yourself on the below mentioned characteristics
Strongly Disagree 1 1 1 1 1 Disagree Neutral 2 2 2 2 2 3 3 3 3 3 Agree 4 4 4 4 4 Strongly Agree 5 5 5 5 5
Sex:
Brand Preference: Kindly answer the following questions with regard to the above mentioned brand
Strongly Disagree 1 1 1 1 Disagree Neutral 2 2 2 2 3 3 3 3 Agree 4 4 4 4 Strongly Agree 5 5 5 5
I will recommend the brand to my peer group It gives me value for money The brand corresponds to high quality The brand has a lot of beneficial characteristics
Brand Recall: Kindly answer the following questions with regard to the above mentioned brand
Strongly Disagree 1 Disagree Neutral 2 3 Agree 4 Strongly Agree 5
In the super market when I browse through the product I recollect their adds
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1 1
2 2
3 3
4 4
5 5
Purchase Intention: Kindly answer the following questions with regard to the above mentioned brand
Strongly Disagree 1 1 Disagree Neutral 2 2 3 3 Agree 4 4 Strongly Agree 5 5
I would purchase the brand I would turn down the offer of other similar brands if comes to me When I see a new brand I pick it up just see what it is like In the future there is certainty or chance of your returning for the above brand
1 1
2 2
3 3
4 4
5 5
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