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European Journal of Management and Marketing Studies ISSN: 2501 - 9988 ISSN-L: 2501 - 9988 Available on-line at: http://www.oapub.org/soc Volume 2 │ Issue 2 │ 2017 doi: 10.5281/zenodo.835872 BRAND VALUE AND MARKETING WELLNESS OF DEPOSIT MONEY BANKS Ateke, Brown Walteri, Nwulu, Chinyere Stella Department of Marketing, Rivers State University, Port Harcourt, Nigeria Abstract: A cardinal objective of marketing is to create value for customers and to capture value from customers in return; and building strong brands facilitate the achievement of this objective. Strong brands win customers’ preference through the assurance of value. The focus of this study is to examine the association between brand value and marketing wellness measured in terms of new product success, sales growth and market share. The study utilised data collected from sixty-six (66) respondents comprising of branch managers, marketing managers and inside sales officers of deposit money banks using a structured questionnaire. The P(r) was employed as the test statistic. All the statistical analyses were performed using the SPSS version 20.0. The study found positive and statistically significant correlation between brand value and all the three indices of marketing wellness considered in the study, with marketing share showing the strongest link with brand value. The study thus concludes that brand value influences marketing wellness and recommends that banks that seek marketing wellness measured in terms of market share, new product success and sales growth should build strong brands that consumers will hold in high repute and that also assure value for consumers. Keywords: branding, brand value, market share, marketing wellness, new product success, sales growth JEL: M31, M20 Copyright © The Author(s). All Rights Reserved. © 2015 – 2017 Open Access Publishing Group 87 Ateke, Brown Walter, Nwulu, Chinyere Stella BRAND VALUE AND MARKETING WELLNESS OF DEPOSIT MONEY BANKS 1. Introduction Building a strong brand has been recognised as a venture deserving precedence among contemporary business organisations. Being an essential business asset in the modern day business-scape, a strong brand provides an effective way to arrest consumers’ attention amidst the rush and clutter in the daily media (Ateke, Onwujiariri & Nnennanya, 2015). Research on brands and branding has been a recurrent subject. Nouri, Mousavi, and Soltani (2016) identify internal branding and external branding as the dominant foci of research on branding. External branding is an exercise that targets the customers of the firm while internal branding targets the employees of the firm. Hence, whereas organisations employ customer-related methods in external branding activities, they employ employee-related methods in internal branding activities with the conviction that the employees of the firm considerably shape how customers view the firm’s brand (Hadizadeh, Jamali, & Rezaei, 2012). Azizi and Asna-ashari (2013) posits that the employees will strengthen the firm’s brand only in relation to how they believe in the brand and its import to the success of the firm and their wellbeing. Internal branding is particularly important in service settings where employeecustomer interaction is a constituent of product delivery; and where the quality of employee-customer relationship influences customers’ perception of service quality (Nouri et al, 2016). For downloading the full article, please access the following link: http://oapub.org/soc/index.php/EJMMS/article/view/155 European Journal of Management and Marketing Studies - Volume 2 │ Issue 2 │ 2017 88