Ray-Ban vs. Oakley Project 1 Katie Duncan Andrew Pellerin Tania Lyn Eddy Kosiec Hayden Lanham Zach Perkins Kristen Lenny Joey Moore Belief evaluation Ray-Ban Oakley Price 2 4 4 Style 2 5 4 Quality 2 5 5 Accessibility 1 5 5 Psychosocial 1 5 5 38 36 Overall attitude: Ray-Ban vs Oakley Part 1: Attitude Survey Florida is known as the sunshine state for a reason. With our extra high UV index and the Floridian tendency to soak up the sun all year round, the market for eyewear is lucrative. Many residents wear sunglasses to protect their vision from the harmful rays on a daily basis. There are many brands of glasses for consumers to choose from, each targeting different populations. As college students, we decided to conduct a survey on the brand preference between Ray-Ban and Oakley because these are the two primary companies that dominate the market for our age group. We created a survey to evaluate consumer preference and reached out to 33 of our friends and fellow classmates that wear sunglasses regularly. We surveyed both males and females, ages 1822. Our survey measures five different qualities about sunglasses that we believe are the most important: price of the product, style of the frame, quality of the lense, accessibility to the public, and social acceptability in society (psychosocial). We started by asking consumers about their belief evaluation; this measures the importance of specific attributes of the generic product. Our scale ranged from -3 to 3, -3 being very bad and 3 being very good. This gave us an idea on what consumers find to be the most important when purchasing sunglasses. After the belief evaluation, we then asked the students about their belief strength for the two competing brands. We used the same five attributes: price, style, quality, accessibility, and psychosocial evaluation to determine how they felt towards Oakley and Ray-Bans specifically. The numbers we used for the belief strength ranged from 1 to 7, 1 being extremely unlikely and 7 being extremely likely. Based on the results for belief evaluation, we have concluded that the strongest rated attribute and top priority for a consumer purchasing sunglasses is the style of the frame with an overall belief evaluation of 2.15 out of 3. Price followed in second place with an average score of 1.69, which barely beat out quality for the third most important aspect with an average evaluation of 1.60. The fourth most important quality was accessibility at 0.97 and finally, social acceptability ranked lowest with a score of 0.94. After we collected these numbers, we then calculated the average results for college age consumer’s belief strengths for both Ray-Ban and Oakley. Consumer’s belief strengths for the two brands were very close in numbers. However, Ray-Ban ultimately has a stronger overall brand attitude when calculated according to Fishbein’s Theory of the multiattribute attitude model. On average, Ray-Ban and Oakley managed to tie in every category except for style. Both brands scored significantly high on quality, accessibility, and social acceptability with an overall score of 5 on a scale of 1-7. Both brands ranked a 4 on price and only ranged by 1 point on style (Ray-Ban with a 5 and Oakley averaging at 4). Overall, both brands demonstrate impressive ratings and reflect strong brand names that are respected by consumers. Ray-Ban came out on top with a total brand attitude of 38 compared to Oakley ranking close at 36. According to our study, college students care most about the style of their sunglasses and on average, prefer Ray-Ban over Oakley. Part 2: Recommendations Although consumer attitudes towards Ray-Bans and Oakleys are almost identical, consumers seem to favor Ray-Bans slightly over Oakleys. Since the results of our survey show that style is the most important factor when purchasing sunglasses, it is no surprise that this category ultimately put Ray-Bans ahead of Oakleys. In order to maintain their advantage in the marketplace, Ray-Ban should look to continue supplying classic, stylish sunglass options at an affordable price point. It seems that Ray-Bans’ niche in the market lies with the classic style of its frames. Ray-Bans should avoid making any drastic changes to its style, and refrain from trying to compete with the rest of the market. While other brands strive to set new trends in fashion, Ray-Ban needs to only make minor changes to maintain their modern but classic style. Ray-Bans could probably increase their market share if they can prove that their frames are not just fashionable but of high quality as well. Placing an emphasis on the quality of the lenses and durability of the frame may help in the long run. Oakleys, on the other hand, have established a niche in the market as being high in quality. Consumers’ attitudes about this attribute will not likely change with the implementation of new frame designs. Therefore, we suggest that Oakley design new lines of sunglasses with an emphasis on style. Since Oakley’s already have high belief strength in quality, if they can convince consumers that they are stylish as well, they will have a leg up on the competition. Part 3: Comments After concluding a successful research study, one question still remains on the table. Does the consumer attitude towards brand accurately predict their purchasing behavior? It’s always hard to fully understand a consumer’s purchasing pattern, but by learning their beliefs and strengths, we can get a much better idea. Cleary, with looking at our results from the surveys, we can easily see that attitude influences purchasing behavior. If a customer holds a strong positive belief towards one brand’s attribute, they will choose that one over the inferior brand. On the other hand, when certain attitudes towards different brands are relatively the same, predicting the behavior becomes that much harder. For one of the groups surveyed, 4 out of the 5 people participating were wearing Ray-Bans, yet Oakley rated almost exactly the same on average. This goes to show how extremely difficult it is to base a customer’s decision just on their cognizant attitudes towards that specific brand. In our study, style and quality were the most important strengths and were the leading factors in the customer’s purchasing behavior which lead to the final decision of choosing Ray-Ban over Oakley. The next thing that needs to be addressed is the comment that, “Behavioral intention is a perfect predictor of actual behavior under most circumstances.” As a team, we agree with this comment to an extent. Consumer behavior in purchasing sunglasses tends to be repetitive and has a small margin of change in preference. However, certain circumstances like product promotions and closeout sales can drastically affect the final behavior decision. We are able to study and observe behavior intentions, but we cannot control the actual purchasing behavior. For example, Joe is an avid buyer of Oakley, but one day when Joe walks in to the store he sees a new brand of glasses being advertised. Intrigued by this new design and style with relatively same price, Joe betrays Oakley to try out the new brand. Joe’s behavioral intentions say that he will buy Oakley, but because of the circumstance of promotion, the actual behavior deviated from what we predicted. Survey Ray-Ban vs. Oakley Gender: Age: M F 5 attributes: price, style, quality, accessibility, psychosocial. Belief Evaluation (ei) “is it good or bad if…” 1. Price (Very bad) –3 2. Style (Very bad) –3 3. Quality (Very bad) –3 4. Accessibility (Very bad) –3 5. Psychosocial –2 –1 0 +1 +2 +3 (Very good) –2 –1 0 +1 +2 +3 (Very good) –2 –1 0 +1 +2 +3 (Very good) –2 –1 0 +1 +2 +3 (Very good) (Very bad) –3 –2 –1 0 +1 +2 +3 (Very good) Belief Strength (bi) How likely is it that Ray Bans/Oakley have the best price? (Extremely unlikely) 1 2 3 4 5 6 7 (Extremely likely) How likely is it that Ray Bans/Oakley are stylish? (Extremely unlikely) 1 2 3 4 5 6 7 (Extremely likely) How likely is it that Ray Bans/Oakley have the best quality? (Extremely unlikely) 1 2 3 4 5 6 7 (Extremely likely) How likely is it that Ray Bans/ Oakley are accessible in stores? (Extremely unlikely) 1 2 3 4 5 6 7 (Extremely likely) How likely is it that Ray Bans/Oakley are socially acceptable? (Extremely unlikely) 1 2 3 4 5 6 7 (Extremely likely) Calculations 33 students surveyed Belief Evaluation Averages Price: 56/33=1.69=2 Style: 71/33=2.15=2 Quality: 53/33=1.60=2 Accessibility: 32/33=0.97=1 Psychosocial: 31/33=0.94=1 Belief Strength Averages Ray-Ban Price: 128/33=3.88=4 Style: 154/33=4.67=5 Quality: 151/33=4.58=5 Accessibility: 154/33=4.67=5 Psychosocial: 175/33=5.30=5 Oakley Price: 125/33=3.78=4 Style: 142/33=4.30=4 Quality: 170/33=5.15=5 Accessibility: 158/33=4.79=5 Psychosocial: 158/33=4.79=5 Multiattribute Attitude Model Ray-Ban 2(4)+2(5)+2(5)+1(5)+1(5)=38 Oakley 2(4)+2(4)+2(5)+1(5)+1(5)=36