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Unit 14: Experiential Retail




               learning plan. Once the right measurements are in place, effective organisations measure  Notes
               and review constantly to drive improvements over time.

               !

             Caution The old adage “what gets measured gets done” is not just an encouragement; it’s
             also a warning: If you don’t measure what you say is important, you’re unlikely to achieve
             your goals. If this happens over a meaningful time horizon, you will also undermine your
             organisation’s commitment to achieving the goals.





             Notes  Brand Awareness
             Brand awareness refers to customers’ ability  to recall  and recognise  the brand under
             different  conditions  and link  to the  brand name,  logo, jingles,  and so  on to  certain
             associations in memory. It consists of both brand recognition and brand recall. It helps the
             customers to understand to which product or service category the particular brand belongs
             and what products and services are sold under the brand name. It also ensures that customers
             know which of their needs are satisfied by the brand through its products (Keller). Brand
             awareness is of critical importance since customers will not consider your brand if they
             are not aware of it.
             There are various levels of brand awareness that require different levels and combinations
             of brand recognition and recall. Top-of-Mind is the goal of most companies. Top-of-mind
             awareness occurs when your brand is what pops into a consumers mind when asked to
             name brands in a product category. For example, when someone is asked to name a type
             of facial tissue, the common answer is “Kleenex,” which is a top-of-mind brand. Aided
             Awareness occurs when a consumer is shown or reads a list of brands, and expresses
             familiarity with your brand only after they hear or see it as a type of memory aide.
             Strategic Awareness occurs when your brand is not only top-of-mind to consumers, but
             also has distinctive qualities that stick out to consumers as making it better than the other
             brands in your market.


          Self Assessment

          Fill in the blanks:
          1.   People will forget what you said, people will forget what you did, but people will not
               forget ...........................

          2.   A brand is a collection of ........................... in the mind of the consumer”.
          3.   ........................... is the “name, term, design, symbol, or any other feature that identifies one
               seller’s good or service as distinct from those of other sellers.

          4.   The best experiences are inspired by ...........................
          5.   Retailers face a fast-expanding, ........................... competitive set.

          14.2 Experience Design – Beyond Visual Merchandising

          Experience Design (XD) is the practice of designing products, processes, services, events, and
          environments with a focus placed on the quality of the user experience and culturally relevant
          solutions.  An  emerging  discipline, experience design  draws from  many  other  disciplines




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