Marketing Strategies Based on Consumer Behavior-Taking Lego as an Example

Authors

  • Ailun Lu

DOI:

https://doi.org/10.54097/hbem.v20i.12303

Keywords:

marketing strategy; customer behavior; case study; LEGO.

Abstract

As one of the most successful toy company, LEGO adopted various of marketing strategies and is an good example for other companies in this industry to learn from. This research delves into the marketing strategies employed by Lego and their impact on consumer behavior. The study aims to investigate the effectiveness of Lego's marketing initiatives, analyze consumer preferences, and provide valuable insights for improving future marketing efforts. According to the analysis result, LEGO has done well in digital marketing, customer engagement, and experiential marketing and events. Hence, these aspects can also be referenced by other companies in the same industry.

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References

LEGO Official website. The LEGO Group History. Retrieved on August 6, 2023, from: https://www.lego.com/zh-cn/aboutus/lego-group/the-lego-group-history

LEGO Official website. The LEGO Group History. Retrieved on August 6, 2023, from: https://www.lego.com/zh-cn/aboutus/news/2023/march/2022-annual-results

Woo, S. Toy Industry in Hong Kong.14 June 2022. Retrieved on August 1, 2023, from: https://research.hktdc.com/en/article/MzEzOTQwNTA4

Jian, Y. LEGO's success proves that marketing and branding is more than just producing advertisements. December 3, 2020. Retrieved on August 1, 2023, from: https://www.linkedin.com/pulse/legos-success-proves-marketing-branding-more-than-just-yee-jian-ng/

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Contactpigeon. LEGO: The Marketing Strategy Behind the Toy Industry Titan. Dec 11, 2020. Retrieved on August 1, 2023, from: https://blog.contactpigeon.com/lego-marketing-strategy/

Global Toy Market Factbook 2023 Featuring Leading Players - Lego, Mattel, Hasbro, Bandai Namco, Spin Master, Playmobil, & MGA Entertainment. (2023, August 2). PR Newswire (USA). Available from: https://infoweb-newsbank-com.proxy.lib.ohio-state.edu/apps/news/document-view?p=WORLDNEWS&docref=news/19328CCC1134D8A0.

Lubiński, K. The Effects of Nostalgia-based Advertising on a Toy Company’s Brand Equity: The Example of the LEGO Group. Cracow Review of Economics & Management. Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie, 2020, 990(6), 29-48.

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Published

30-11-2023

How to Cite

Lu, A. (2023). Marketing Strategies Based on Consumer Behavior-Taking Lego as an Example. Highlights in Business, Economics and Management, 20, 12-15. https://doi.org/10.54097/hbem.v20i.12303