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Is the desire to win awards commercial
sanity or nothing more than vanity? Well, we've always plumped for the
former, and whenever we hear someone say those wonderful words "well
it must be good its won an award" our belief becomes that
little bit stronger. The trouble is, we are a little biased and lets be
honest, not everyone likes awards as much as we do.
So, in October 2008 us curious people at
Boost commissioned Shape-the-Future
to conduction a major research exercise to see the extent to which
awards influenced buying decisions.
Our belief was confirmed when the survey
demonstrated that of the 400 senior business people who took part, 81% admitted to being influenced by awards when buying products and services for their
business (see pi chart). This was then reinforced by 76% also agreeing with the statement
“awards are important for generating business or improving the value of a
brand”.
There is a challenge though: the survey
clearly showed that on balance the number of awards being entered was on
the increase, so the competition is getting more intense for these
wonderfully cost effective assets that influence such a large proportion
of buying decisions.
For an executive summary and the ability
to buy the full survey for £95, please click here.
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