Celebrity Endorsement – Impact of Celebrity Endorsements on Brand Image
SYNOPSIS
âIMPACT OF CELEBRITY ENDORSEMENTS ON BRAND IMAGEâ
SUBMITTED TO
SUBMITTED BY
Mr. PRANAV RANJAN
BHUPESH UPRETI
DEVENDRA OJHA
MANDEEP BAJWA
NITISH CHAUHAN
INTRODUCTION
Marketers spend enormous amount of money annually on celebrity endorsement contracts based on belief that celebrities are effective spokespeople for their products or brands. Celebrity endorsement is viewed as a billion dollar industry in todayâs era.
Also according to Reynolds, celebrity endorsement can give a brand a touch of glamour. Everything said and done, one have to weigh the potential risks vs. the potential rewards as celebrity endorsements are always a high-risk, high-reward
situation and there is always a human element that you might not know about.
REVIEW OF LITERATURE
(mukherjee, 2009)Celebrity endorsement has become a trend and perceived as a winning technique for product marketing and brand building. It is easy to choose celebrity but hard to establish a strong association between the product and endorser. Endorsement is a channel of brand communication in which a celebrity acts as the brandâs spokesperson and certifies the brandâs claim and position by extending his/her personality, popularity and stature in the society in the field to the brand.
(jain,