How Brand Image & Expansion has created a Competitive Advantage for Virgin Media in the United Kingdom Market?
How Brand Image & Expansion has created a Competitive Advantage for Virgin Media in the United Kingdom Market?
OBJECTIVES OF THE RESEARCH TOPIC
1. To find out how the Brand Image has positively created a competitive advantage for Virgin Media in the media market.
2. To examine how their entry into the media market changed the structure of their competitors.
3. To examine the Brand advantage of their major competitors and the possible long term success of Virgin Media.
4. To examine how competitors (British Sky Broadcasting, BT Group, 02, TalkTalk, Vodafone) parameters of the market were affected by their new entrant.
5. To examine how their brand performed in terms of gaining buyers and the rate at which they were purchased with their M & A with NTL, Telewest and Virgin Mobile UK.
6. To investigate the perceptions of Virgin Media takeover among Telewest and NTL customers.
RESEARCH QUESTIONS
1.How strong is the Virgin Media Brand Image in the media market?
2.How has Virgin media used Brand Imaging to enter the media market
Within the increasingly competitive domestic and international markets, business
organizations have to devise strategies that can enable them remain relevant in the marketplace
in order to be part of modern business scene. Building a unique brand image enables an
organization to create a competitive advantage and thus remain relevant in today’s marketplace.
Brand image refers to the present view of the customer’s concerning a brand. It is a distinct set of
associations in the minds of target audience or a set of beliefs concerning a given brand
(McLoughlin & Aaker 2010, p. 184). In short, a brand image is the sum total of the functional
and emotional qualities that a customer associates to a product or service.
A brand plays a critical role in helping a get and be part of the contemporary business
scene. It shows what a given brand currently stands for (Chernatony, McDonald, & Wallace
2010, p. 241).
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