Identifying and prioritizing different factors influencing the success of advertisement during the economic depression
During the financial crisis of 2007, many businesses and banks faced unexpected circumstances and declared bankruptcy. Market mortgage crisis and the collapse of the economic system in United States created a substantial amount of damage in world economy. Within a few years, the economic downturn wa...
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| Format: | Article |
| Language: | English |
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Growing Science
2014-04-01
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| Series: | Management Science Letters |
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| Online Access: | http://www.growingscience.com/msl/Vol4/msl_2014_50.pdf |
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| _version_ | 1850214689421656064 |
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| author | Aram Rashidi Meitham Jafari Eskandari |
| author_facet | Aram Rashidi Meitham Jafari Eskandari |
| author_sort | Aram Rashidi |
| collection | DOAJ |
| description | During the financial crisis of 2007, many businesses and banks faced unexpected circumstances and declared bankruptcy. Market mortgage crisis and the collapse of the economic system in United States created a substantial amount of damage in world economy. Within a few years, the economic downturn was transferred to developing countries such as Iran. The recession has created conditions for Iranian companies that have led them to focus more on the subject of advertising since this is the primary tool of communication and business customers business. Success and failure of many organizations and companies depend on their advertisement planning. In this study, the factors contributing to the success and effectiveness of advertising during the recession time are identified. This survey has been accomplished on investigating an Iranian dairy firm named “Kalle”. Using a questionnaire in Likert scale, the study determines the effects of various factors of advertisement on sales improvement in this firm using Pearson correlation ratio and rank them based on Freedman test. Cronbach alpha has been calculated as 0.93. According to the results, factors that contribute to the success of advertising during a recession include: Responsiveness to customers’ needs, advertising tools, content factors, the amount of money spent and availability. |
| format | Article |
| id | doaj-art-7ff0e670107b47cfb099d07b0e6295fe |
| institution | OA Journals |
| issn | 1923-2934 1923-9343 |
| language | English |
| publishDate | 2014-04-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj-art-7ff0e670107b47cfb099d07b0e6295fe2025-08-20T02:08:49ZengGrowing ScienceManagement Science Letters1923-29341923-93432014-04-014475375810.5267/j.msl.2014.2.012Identifying and prioritizing different factors influencing the success of advertisement during the economic depressionAram RashidiMeitham Jafari EskandariDuring the financial crisis of 2007, many businesses and banks faced unexpected circumstances and declared bankruptcy. Market mortgage crisis and the collapse of the economic system in United States created a substantial amount of damage in world economy. Within a few years, the economic downturn was transferred to developing countries such as Iran. The recession has created conditions for Iranian companies that have led them to focus more on the subject of advertising since this is the primary tool of communication and business customers business. Success and failure of many organizations and companies depend on their advertisement planning. In this study, the factors contributing to the success and effectiveness of advertising during the recession time are identified. This survey has been accomplished on investigating an Iranian dairy firm named “Kalle”. Using a questionnaire in Likert scale, the study determines the effects of various factors of advertisement on sales improvement in this firm using Pearson correlation ratio and rank them based on Freedman test. Cronbach alpha has been calculated as 0.93. According to the results, factors that contribute to the success of advertising during a recession include: Responsiveness to customers’ needs, advertising tools, content factors, the amount of money spent and availability.http://www.growingscience.com/msl/Vol4/msl_2014_50.pdfEconomic depressionAdvertisingResponsivenessAvailabilityCustomer behavior |
| spellingShingle | Aram Rashidi Meitham Jafari Eskandari Identifying and prioritizing different factors influencing the success of advertisement during the economic depression Management Science Letters Economic depression Advertising Responsiveness Availability Customer behavior |
| title | Identifying and prioritizing different factors influencing the success of advertisement during the economic depression |
| title_full | Identifying and prioritizing different factors influencing the success of advertisement during the economic depression |
| title_fullStr | Identifying and prioritizing different factors influencing the success of advertisement during the economic depression |
| title_full_unstemmed | Identifying and prioritizing different factors influencing the success of advertisement during the economic depression |
| title_short | Identifying and prioritizing different factors influencing the success of advertisement during the economic depression |
| title_sort | identifying and prioritizing different factors influencing the success of advertisement during the economic depression |
| topic | Economic depression Advertising Responsiveness Availability Customer behavior |
| url | http://www.growingscience.com/msl/Vol4/msl_2014_50.pdf |
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