Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018)

Why do Some Apples Fall Far from the Tree? The Study on Indofood's Brand Extension

Authors
Dini Turipanam Alamanda, Abdullah Ramdhani, Pupung Pundenswari, Grisna Anggadwita
Corresponding Author
Dini Turipanam Alamanda
Available Online May 2019.
DOI
https://doi.org/10.2991/icebef-18.2019.114How to use a DOI?
Keywords
brand extension; perceived quality; similarity; corporate image
Abstract
Brand extension strategy emerged as an alternative strategy that must be understood along with the increasing number of companies that use it as the main strategy in marketing new products. This research is intended to explore the factors influencing the success of brand extension, where the success of brand extension strategy is measured from consumer attitudes toward the expanded brand. The study was conducted in Indofood's fast moving consumer goods. The result shows that the model built has score of RMSEA 0.019 and GFI 0.906 as the criteria of conformity. The overall test shows that the perceived quality, advertising, similarity, and corporate image significantly affects the success of the brand extension strategy. While testing individually, only corporate image variable that do not significantly affect the success of brand extension.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Dini Turipanam Alamanda
AU  - Abdullah Ramdhani
AU  - Pupung Pundenswari
AU  - Grisna Anggadwita
PY  - 2019/05
DA  - 2019/05
TI  - Why do Some Apples Fall Far from the Tree? The Study on Indofood's Brand Extension
BT  - Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018)
PB  - Atlantis Press
SP  - 531
EP  - 535
SN  - 2352-5428
UR  - https://doi.org/10.2991/icebef-18.2019.114
DO  - https://doi.org/10.2991/icebef-18.2019.114
ID  - Alamanda2019/05
ER  -