Factors shaping attitudes towards UK bank brands: An exploratory analysis of social media data

Social media provides a huge amount of data and rich market insight, and has changed the way customers interact with brands. This interaction is of great concern for any organisation as it transfers the power to shape brand image from advertisers to consumers. In light of the global financial crisis...

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Autores principales: Emmanuel Mogaji, Temitope Farinloye, Stella Aririguzoh
Formato: article
Lenguaje:EN
Publicado: Taylor & Francis Group 2016
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uk
Acceso en línea:https://doaj.org/article/e4fa414603a74174811327f44eb01d28
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spelling oai:doaj.org-article:e4fa414603a74174811327f44eb01d282021-12-02T14:07:31ZFactors shaping attitudes towards UK bank brands: An exploratory analysis of social media data2331-197510.1080/23311975.2016.1223389https://doaj.org/article/e4fa414603a74174811327f44eb01d282016-12-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2016.1223389https://doaj.org/toc/2331-1975Social media provides a huge amount of data and rich market insight, and has changed the way customers interact with brands. This interaction is of great concern for any organisation as it transfers the power to shape brand image from advertisers to consumers. In light of the global financial crisis and the ensuing negative attitudes towards bank brands, this study has extracted 1176 comments on bank advertisements from the verified Facebook pages of 10 UK banks. These comments have been thematically analysed to identify seven key factors that shape customer attitudes to bank brands. The study presents the power of social media as a platform for brands and customers to engage and build relationships, especially bank–customer relationships in the UK, providing managers with important insights that can guide the development and execution of their brand-relationship campaigns. The fact that this study is based on real-life advertisements and real-life responses from social media network users can be considered as one of its strengths, as it does not suffer from various issues relating to experimental studies. Nonetheless, the study’s limitations and suggestions for future research directions are provided.Emmanuel MogajiTemitope FarinloyeStella AririguzohTaylor & Francis Grouparticleukbanksbrandadvertisementsocial mediafacebookattitudeBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 3, Iss 1 (2016)
institution DOAJ
collection DOAJ
language EN
topic uk
banks
brand
advertisement
social media
facebook
attitude
Business
HF5001-6182
Management. Industrial management
HD28-70
spellingShingle uk
banks
brand
advertisement
social media
facebook
attitude
Business
HF5001-6182
Management. Industrial management
HD28-70
Emmanuel Mogaji
Temitope Farinloye
Stella Aririguzoh
Factors shaping attitudes towards UK bank brands: An exploratory analysis of social media data
description Social media provides a huge amount of data and rich market insight, and has changed the way customers interact with brands. This interaction is of great concern for any organisation as it transfers the power to shape brand image from advertisers to consumers. In light of the global financial crisis and the ensuing negative attitudes towards bank brands, this study has extracted 1176 comments on bank advertisements from the verified Facebook pages of 10 UK banks. These comments have been thematically analysed to identify seven key factors that shape customer attitudes to bank brands. The study presents the power of social media as a platform for brands and customers to engage and build relationships, especially bank–customer relationships in the UK, providing managers with important insights that can guide the development and execution of their brand-relationship campaigns. The fact that this study is based on real-life advertisements and real-life responses from social media network users can be considered as one of its strengths, as it does not suffer from various issues relating to experimental studies. Nonetheless, the study’s limitations and suggestions for future research directions are provided.
format article
author Emmanuel Mogaji
Temitope Farinloye
Stella Aririguzoh
author_facet Emmanuel Mogaji
Temitope Farinloye
Stella Aririguzoh
author_sort Emmanuel Mogaji
title Factors shaping attitudes towards UK bank brands: An exploratory analysis of social media data
title_short Factors shaping attitudes towards UK bank brands: An exploratory analysis of social media data
title_full Factors shaping attitudes towards UK bank brands: An exploratory analysis of social media data
title_fullStr Factors shaping attitudes towards UK bank brands: An exploratory analysis of social media data
title_full_unstemmed Factors shaping attitudes towards UK bank brands: An exploratory analysis of social media data
title_sort factors shaping attitudes towards uk bank brands: an exploratory analysis of social media data
publisher Taylor & Francis Group
publishDate 2016
url https://doaj.org/article/e4fa414603a74174811327f44eb01d28
work_keys_str_mv AT emmanuelmogaji factorsshapingattitudestowardsukbankbrandsanexploratoryanalysisofsocialmediadata
AT temitopefarinloye factorsshapingattitudestowardsukbankbrandsanexploratoryanalysisofsocialmediadata
AT stellaaririguzoh factorsshapingattitudestowardsukbankbrandsanexploratoryanalysisofsocialmediadata
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