Brand equity modeling in Sepah Bank (A New Approach to Delphi-Fuzzy Type 2 Electro-Type 3 Techniques and Structural Equations)

Subject Areas : Jounal of Marketing Management

KUMARS MOHSENIMEHR ¹ , hossain budaghi khaje nobar ²

1 - PhD Student in Business Administration, Tabriz Branch, Islamic Azad University, Tabriz, Iran
2 - Assistant Professor, Department of Business Administration, Tabriz Branch, Islamic Azad University, Tabriz, Iran

Received: 2022-12-07 Accepted : 2023-02-15 Published : 2023-05-22

Keywords: perceived quality, Brand Loyalty, brand awareness, Sepeh Bank,

Abstract :

The banking system is a part of the economic system, which aims to collect and attract all kinds of deposits and allocate them to meet the financial needs of all kinds of economic activities. Therefore, banks play a very important role in economic systems by having a major part of the funds in circulation in the society. The special value of the brand is one of the main priorities in marketing research, which creates value for both the customer and the bank and creates a sustainable competitive advantage for that bank. The purpose of this research is to model the equity value of the brand in Sepeh Bank. This research is in the field of correlational survey descriptive research and according to the purpose and topic of the research, it is practical and cross-sectional in terms of time. The sampling of this research was available and it was determined from among the customers of Sepeh Bank of Tehran in the year 1400. Due to the unlimited number of members of the studied community, to determine the sample size, Cochran's formula for unlimited communities was used and 384 people were determined. Based on the fuzzy Delphi type two and Electra type three methods, the most important indicators of brand equity in the banking sector were identified and finally, based on the partial least squares method, the research model was put to the test. The results showed that the effect of each factor on the special value of the bank brand is different. Specifically, brand loyalty has the strongest influence on brand equity (0.884), the second strongest influence on brand equity, perceived quality (0.684), followed closely by brand awareness (0.664). ) is effective on Buck's brand equity. These results lead bank managers to pay special attention to factors of brand loyalty and perceived quality of banking service experience. Consequently, banks need to invest in building strong brand equity where the above critical factors need to be addressed.

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