Zürn, M., Buder, F., & Unfried, M. (2023). Brand Purpose and Brand Success. NIM Marketing Intelligence Review, 15(1), 54-59. https://doi.org/10.2478/nimmir-2023-0008
Brand Purpose and Brand Success
Abstract:
Beyond striving for financial success, the purpose of a business can be the creation of customer benefits but also positive third-party effects—a purpose beyond profit. Quantifying a company’s purpose beyond profit is no easy task, but it is highly relevant. The presented perceived purpose score is an example of a validated and theoretically grounded quantification of brands’ purpose from a consumer perspective. The authors found a positive correlation between the NPS and brands’ perceived care for third parties, supporting the assumption that engagement with social or environmental causes can pay off. This research lays the foundation for a more systematic, rigorous investigation of purpose beyond profit.
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