Branding Importance in Business-to-Business Markets: Three Buyer Clusters
Industrial Marketing Management, 31 (6), 525-533, 2002
9 Pages Posted: 18 Nov 2012
Date Written: 2002
With the growth of e-commerce and global competition, business-to-business (B2B) marketers are showing increased interest in the potential of branding, especially at the corporate level. This paper describes branding in the context of B2B markets, and examines its perceived importance to buyers. A review of relevant literature and the development of a conceptual model enables a cluster analysis of data from a survey of industrial buyers. The exploratory analysis examines to whom branding is important, and in what situations. Three clusters of buyers are found: branding receptive, highly tangible, and low interest. The practical implications for managers are explored.
Keywords: Branding, Industrial branding, Business-to-business, Cluster analysis, Industrial segmentation
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