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Home arrow Marketing Research News arrow Company News And Announcements May - December 2008 arrow Synovate launches new way to measure barriers to brand success
Synovate launches new way to measure barriers to brand success PDF Print E-mail
Written by Synovate   
10 Jul 2008

Synovate launches new way to measure barriers to brand success

AMSTERDAM — Global market research company Synovate today announced the launch of a new brand-building solution called Market Barriers. The system, which can be added to clients' existing tracking programmes, quantifies the degree to which brand performance is a function of factors beyond brand relationship.

Synovate CEO Brand & Communications Practice, Ged Parton explains: "Market Barriers such as distribution, pricing, product configuration and so on can, and do, impact on customers' brand choice. This system enables marketers to successfully predict the barriers their brand can expect to face, quantify those identified barriers into lost sales, and therefore develop sustainable strategies that can effectively overcome those barriers while at the same time optimise sales."

Jan Hofmeyr, International Director of Innovation at Synovate's Brand Lab, said: "For years marketers have known that whether or not people buy their brands is not just a function of how people feel about the brands, but also the extent to which market circumstances might interfere with what people want. Yet no-one has done anything about quantifying this systematically until now. Market Barriers is a unique system which continues to reflect our determination to produce innovations that assist marketers because they relate to real world business outcomes".

 
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