HomeInternational Journal of Multidisciplinary: Applied Business and Education Researchvol. 4 no. 3 (2023)

Purchase and Collection Motivations of Co-Branded Limited-Edition Collectibles: The case of the Jollibee Funko Pop

Joseph Emil Santos | Raymond Allan G. Vergara

 

Abstract:

This exploratory case study seeks to understand the purchase and collection motivations of an international co-branded limited-edition collectible. It also explores consumers’ perceptions of the brand collaboration between Philippine-based Jollibee and United States-based Funko. This study finds that consumers are motivated to purchase and collect products based on their willingness to identify with the brand, which stems from personal values, self-concept, and nostalgia. While most studies on cobranding use simulated alliances, this study provides a real example of an international branding collaboration, thereby providing a nuanced understanding of co-branding spillover effects and how a consumer’s willingness to identify with a brand motivates their purchase and collection decisions.



References:

  1. Aaker, D. (1991). Managing brand equity, The Free Press, NY.
  2. Abratt, R., & Motlana, P. (2002). Managing co-branding strategies: Global brands into local markets. Business Horizons, 45(5), 43-43.
  3. Belk, R. W. (1988). Possessions and the extended self. Journal of consumer research, 15(2), 139-168.
  4. Belk, R. W. (2013). Collecting in a consumer society. Routledge.
  5. Belk, R., Wallendorf, M., Sherry, J., Holbrook, M., and Roberts, S. (1988),"Collectors and Collecting", in NA Advances in Consumer Research Volume 15, eds.
  6. Micheal J. Houston, Provo, UT : Association for Consumer Research, Pages: 548-553.
  7. Bhattacharya, C. B., & Sen, S. (2003). Consumer–company identification: A framework for understanding consumers’ relationships with companies. Journal of marketing, 67(2), 76- 88.
  8. Bluemelhuber, C., Carter, L. L., & Lambe, C. J. (2007). Extending the view of brand alliance effects. International Marketing Review.
  9. Cooke, S., & Ryan, P. (2000). Brand alliances: from reputation endorsement to collaboration on core competencies. Irish Marketing Review, 13(2), 36.
  10. Escalas, J. E., & Bettman, J. R. (2003). You are what they eat: The influence of reference groups on consumers’ connections to brands. Journal of consumer psychology, 13(3), 339-348.
  11. Escobar, A. & Blancaflor, S. (2018, December 5). A Filipino favorite, Jollibee aims for international growth. NBC News. Retrieved from https://www.nbcnews.com/news/asian-amer-ica/filipino-favorite-jollibee-aims-international-growth-n940301
  12. Formanek, R. (2012). Why they collect: Collectors reveal their motivations. In Interpreting objects and collections (pp. 339-347). Routledge.
  13. Funko (2019a). Funko Reports Third Quarter 2019 Financial Results [Press release]. Retrieved from https://investor.funko.com/news-and-events/press-releases/Press- Re-leases/2019/Funko-Reports-Third-Quarter-2019-Financial-Results/default.aspx
  14. Funko (2019b, September 17). Investor presentation, September 2019. Retrieved from https://s24.q4cdn.com/627994544/files/doc_presentations/FNKO-Investor-Presentation- September-2019-FINAL.PDF
  15. Gentile, C., Spiller, N., & Noci, G. (2007). How to sustain the customer experience: An overview of experience components that co-create value with the customer. European management journal, 25(5), 395-410.
  16. Holbrook, M. B., & Hirschman, E. C. (1982). The experiential aspects of consumption: Consumer fantasies, feelings, and fun. Journal of consumer research, 9(2), 132-140. Jollibee About Us. (n.d.). Retrieved January 20, 2019, from https://www.jollibee.com.ph/about- us/Jollibee Studios. (2018, August 26). A Pop of Joy: The story behind the Jollibee Funko Pop! [Video]. YouTube. https://www.youtube.com/watch?v=cJ549XKaU64 Journal of marketing, 57(1), 1-22.
  17. Keller, K. L. (1993). Conceptualizing, measuring, and managing customer-based brand equity.
  18. Leuthesser, L., Kohli, C., & Suri, R. (2003). 2+ 2= 5? A framework for using co-branding to leverage a  brand. Journal of Brand Management, 11(1), 35-47.
  19. Li, Y., & He, H. (2013). Evaluation of international brand alliances: brand order and consumer ethnocentrism. Journal of Business Research, 66(1), 89-97.
  20. Pine, B. J., & Gilmore, J. H. (1998). Welcome to the experience economy. Harvard business review, 76, 97-105.
  21. Rao, A., & Ruekert, R. W., (1994). Brand alliances as signals of product quality. Sloan management review, 36(1), 87-97.
  22. Sichtmann, C., Davvetas, V., & Diamantopoulos, A. (2019). The relational value of perceived brand globalness and localness. Journal of Business Research, 104, 597-613.
  23. Simonin, B. L., & Ruth, J. A. (1998). Is a company known by the company it keeps? Assessing the spillover effects of brand alliances on consumer brand attitudes. Journal of marketing research, 35(1), 30-42.
  24. Stokburger-Sauer, N., Ratneshwar, S., & Sen, S. (2012). Drivers of consumer–brand identification. International journal of research in marketing, 29(4), 406-418.
  25. Sujan, M., Bettman, J. R., & Baumgartner, H. (1993). Influencing consumer judgments using autobiographical memories: A self-referencing perspective. Journal of Marketing research, 30(4), 422-436.
  26. Tian, K. T., Bearden, W. O., & Hunter, G. L. (2001). Consumers' need for uniqueness: Scale development and validation. Journal of consumer research, 28(1), 50-66.
  27. Voss, K. E., & Gammoh, B. S. (2004). Building brands through brand alliances: does a second ally help?. Marketing Letters, 15(2-3), 147-159.
  28. Voss, K. E., & Tansuhaj, P. (1999). A consumer perspective on foreign market entry: building brands through brand alliances. Journal of International Consumer Marketing, 11(2), 39- 58.
  29. Washburn, J. H., Till, B. D., & Priluck, R. (2000). Co-branding: brand equity and trial effects. Journal of consumer marketing, 17(7), 591-604.
  30. Washburn, J. H., Till, B. D., & Priluck, R. (2004). Brand alliance and customer-based brand- equity effects. Psychology & Marketing, 21(7), 487-508.
  31. Yin, R. K. (2011). Applications of case study research. Sage.