Abstract
This exploratory study examined how brand loyalty can be established in a non-Western market where Chinese customers are motivated to be loyal to a brand by cultural drivers, specifically guanxi (personal relationships) and mianzi (face). The brand loyalty of Chinese customers for financial products in Hong Kong and mainland China was investigated using a qualitative, grounded theory approach. Nine semi-structured, indepth interviews were conducted with three expert interviewees. The results demonstrate that companies can cement client loyalty through using guanxi as an attitudinal trait to secure introductions in a buyer-seller relationship. Sellers strive to join a client’s guanxi network and then accumulate credit for offering good value and showing respect. They trade favours and later call in debts. This has been one of the first studies to use grounded theory to investigate the influence of key Chinese cultural attributes on brand loyalty to financial products.
| Original language | English |
|---|---|
| Title of host publication | Proceedings: ANZMAC Annual Conference 2014 |
| Editors | Sharyn RUNDLE-THIELE, Krzysztof KUBACKI, Denni ARLI |
| Place of Publication | Brisbane |
| Publisher | Australian and New Zealand Marketing Academy (ANZMAC) |
| Pages | 433-440 |
| Number of pages | 8 |
| Publication status | Published - Dec 2014 |
| Externally published | Yes |
| Event | Australia and New Zealand Marketing Academy Conference (ANZMAC) 2014 - Brisbane, Australia Duration: 1 Dec 2014 → 3 Dec 2014 |
Publication series
| Name | ANZMAC Conference Proceedings |
|---|---|
| Publisher | Australian and New Zealand Marketing Academy (ANZMAC) |
| ISSN (Print) | 1447-3275 |
Conference
| Conference | Australia and New Zealand Marketing Academy Conference (ANZMAC) 2014 |
|---|---|
| Abbreviated title | ANZMAC 2014 |
| Country/Territory | Australia |
| City | Brisbane |
| Period | 1/12/14 → 3/12/14 |
Bibliographical note
The authors would like to thank Dah Sing Life Assurance Company Limited and Vincera Consulting Limited for their support to this research study.UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 12 Responsible Consumption and Production
Keywords
- Chinese
- Grounded theory
- Brand loyalty
- Financial services
- Guanxi
- Mianzi Track
- Consumer Behaviour
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