SlideShare a Scribd company logo
1 of 46
Presented by:
Achintya PR
Avishek Bhattacharya
Divya Marwah
Mukul Attri
Nayana Unni
Prashant Patro
Siddharth Modak
• An individual who buys products or services for personal use
and not for manufacture or resale.
• A consumer is someone who can make the decision whether
or not to purchase an item at the store, and someone who
can be influenced by marketing and advertisements.
• Whenever someone goes to a store and purchases a toy,
shirt, beverage, or anything else, they are making that
decision as a consumer.
Parameter

Traditional

Modern

Source of Income

Single source

Multiple sources

Disposable Income

Less

More

Choice

Less product choices Plenty of choices

Product awareness

Relatively low

Sound knowledge

Spending pattern

Preferred saving

Prefer to spend

Shopping pattern

Functional

Lifestyle & comfort

Technology

Low need and
availability

Habituated
•
•
•
•
•
•

Pro-growth Demographics
Economic Growth
Socio-cultural Impacts
Aspiration for a better life
Brand consciousness
Impact of technology
• Youth population(20-40 yrs) is more than
54%
(Increase in healthcare services resulted in declining death rate and
rise in life expectancy)

• Increased migration from rural to urban
areas( approx 32%)
(workforce moving to urban areas in search of better education,
healthcare, lifestyle and opportunities)

• Cultural Transitions
(Retain the core but flexible to change, Amalgamation of New and
Old)
• GDP- growing at an average rate of 6% for past
five years
• Transition:
Lower Income
Group (18%)

Middle Income
Group(56%)

Higher Income
Group(26%)

• Per capita income: Rs 5,729 per month, increased
by 11.7% compared to previous fiscal.
• Increasing disposable income.
(estimated to be $ 1700 p.a. by 2014)

• Av. Industrial Growth Rate is 3.7% last year,
showing increased consumption.
•
•
•
•
•

Education
Urbanization
Women employment
Nuclear family
Peer influence
Rise in income level

Rise in living standard
Higher purchasing power
Higher aspirations for luxury and lifestyle
Rising demand for goods and services
• Youth deviating from local products to
branded products.
• Customers like to be associated with a
brand.
• Shift in attitude: from need based to choice
based.
• Shift from unorganized retailing to
organized retailing.
• Rising level of dependency on technology.
• Impact of television.
• Changing mediums of promotion and
distribution
• 24X7 shopping through e-commerce.
• Call Centre Boomers:
(being set up even at rural places, provide enough employment
opportunities)
Changing trends
& Options
11
Technological
advancements
Technological
advancements
Organized Marketing
Social
gatherings and
party culture
16
Changing Habits
1. Languages
2. Symbols and
signs
3. Rituals and
customs
4. Traditions

• Tailor-made
communication in tune
with regional language
• Integrate within marketing
mix to get connected.
• Anticipate and touch
through product and
promotion
1. Individual and
Family
2. Society through
conformity
3. Success and growth
4. Age and
youthfulness
5. Happiness and
adaptability
6. Religion and
spirituality

• Address individual from the
backdrop of the family
• Bank upon deep rooted
societal values for quick
connection
• Link individual achievement
with group cohesiveness
• Appreciate age and role of
patriarch
• Create your message on
positive sides of life
• May link with brand building
activity for unique positioning
• Mc Donald projected itself into Indian market
by valuing consumer‟s eating habits and
sustained itself by valuing Indian purchasing
power.
• Cadbury identified the ritual of gifting sweets
to people during festivals and now enjoying a
vast customer base.
• General Mills (Pillsbury Atta) targeted Indian
mothers by showcasing the new behavioral
changes occurring in their children.
• Femina, magazine for women, communicated
the core value of India i.e. “…know nothing
can stop me from trying and breaking chains
and flying…”
• Nestle got positive feedback from customer
by launching “Maggi vegetable Atta noodles”
working on the platform of Indian definition of
health “Health is wealth”.
• Horlicks Mother- prioritizing families health,
Moov Mother- ensures happiness of family in
turn gets recharged by Moov.
• Big Bazaar- projects people and happiness
with catchline like “Khushiyon se bhari jholi”
1.

• Need Recognition And Problem Awareness

2.

• Information Search

3.

• Evaluation Of Alternatives

4.

• Purchase

5.

• Post-Purchase Evaluation
• Selective Attention is the phenomenon of
being able to focus one's attention on a
particular stimulus while filtering out a
range of other stimuli.
• Selective retention, is the process when
people more accurately remember
messages that are closer to their interests,
values and beliefs, than those that are in
contrast with their values and beliefs,
selecting what to keep in the memory,
narrowing the informational flow.
• Selective distortion is a term that refers
to the tendency of people to interpret
information in a way that will support what
they already believe.
• In US, Coors changed its label from
“Banquet Beer” to “Original Draft”,
consumers claimed the taste had changed
even though the formulation had not.
• The case cites the example of Rotarians,
who were given same portions under the
labels “Medium” and “Large”. Those who
received “Medium” meals ate more.
• Decision framing is a manner in which
choices are presented to and seen by a
decision maker
• Consumers can be given a „nudge‟ via
some small features in the environment
that attracts attention and alters behaviour
• Mental accounting refers to the way
consumers code, categorise and evaluate
final outcomes of choices
• According to Richard Thaler, mental
accounting is based on a set of core
principles:1. Consumers tend to segregate gains
2. Consumers tend to integrate losses
3. Consumers tend to integrate smaller
losses with larger gains
4. Consumers tend to segregate small gains
from large losses
• Toyota did not have a presence in the
luxury car segment, so it introduced a new
line of cars under the Lexus brand
• In case of packaged food products,
nutritional facts are given on the
packaging are standard for one serving.
• But due to variations in the actual serving
size offered, consumers are often left with
incorrect information
• Companies give innovative names to their
products to create a perception of offering
more value for money

• Names such as Super Size, Jumbo,
Whopper and Petite etc. create confusion
in consumer‟s mind, which is then used by
the companies to sell the products
• In case of packaged food products,
nutritional facts are given on the
packaging are standard for one serving.
• But due to variations in the actual serving
size offered, consumers are often left with
incorrect information
• From the case study, we observe that
when club members were given the same
quantity of food under different serving
labels, Medium and Large, the ones who
had Medium labelled meals ate more
• Instead of offering a small, medium or large
serving, Starbucks has named its drinks as
Tall, Grande and Venti
• Can be taken up as an example of good
branding
• It fits into Starbucks selling itself as a lifestyle
brand
• Naming caters to a sense of luxury. For e.g.
having a Grande Latte Half-Caf is more
glamorous than a having just a Regular
Decaf coffee
 False health benefit claims by Pom Wonderful that taking in pomegranate
juice reduces the risk of cancer. Product pushers have inflated the medical
benefits of their products to woo the self-conscious . For instance, here are
three recent examples of egregiously misleading health and fitness ads.

 Reebok's EasyTone Shoes: Reebok ran a series of ads on its easy tone
and RunTone shoes featuring lithe and toned models professing the
benefits of the footwear's special toning soles. It claimed that the muscles
would be toned upto 11 percent more than when you wear regular
sneakers. The LA Times reported that an FTC investigation found the only
thing that EasyTone shoes actually did was make it uncomfortable to walk.
As a result, Reebok was forced to refund more than $25 million in
purchases
 Airborne Herbal Supplement: The result of a second grade
teacher's research, the herbal supplement became a national
phenomenon after it appeared to finally provide the
cure/prevention for the common cold that science had yet to
figure out.
 Dannon Activia Yoghurt: In 2009, a federal judge found that
Dannon's claims that a daily serving of Activia would relieve
irregularity and help expedite the digestion process were
totally unsubstantiated. It turned out the company had been
charging a 30% premium on the "probiotic" yogurts over other
brands when in reality the contents in the cups were all the
same.
Looking at the amount of misleading advertisements that pervade
modern media, consumers should be wary any time they hear that
a product is "scientifically proven" to work. Unless the advertiser
specifically states that its claims have been validated by the FDA,

there's no reason to trust any purported medical benefits of any
piece of merchandise, whether it's shoes or cold medicine. Often,
these health and fitness products are just modern interpretations
of the snake oil that bankrupted early settlers in the Wild West.
Indian Consumers

More Related Content

What's hot

Behavioural pattern of indian consumer
Behavioural pattern of indian consumerBehavioural pattern of indian consumer
Behavioural pattern of indian consumerDeepthi Das
 
Basics of consumer behaviour
Basics of consumer behaviourBasics of consumer behaviour
Basics of consumer behaviourGirish Jadhwani
 
Post purchase behavior
Post purchase behaviorPost purchase behavior
Post purchase behaviorBabasab Patil
 
Buying roles presentation
Buying roles presentationBuying roles presentation
Buying roles presentationDebosmitaGhatak1
 
Dynamics of perception
Dynamics of perceptionDynamics of perception
Dynamics of perceptionSandesh Bhat
 
CULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR ppt
CULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR pptCULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR ppt
CULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR pptIna Negi
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviourkawther Ali
 
Social class(Consumer Behavior)
Social class(Consumer Behavior)Social class(Consumer Behavior)
Social class(Consumer Behavior)Ashutosh Agrawal
 
Role of Opinion leaders in consumer behaviour
Role of Opinion leaders in consumer behaviour Role of Opinion leaders in consumer behaviour
Role of Opinion leaders in consumer behaviour Vijyata Singh
 
EMPLOYEES ROLE IN SERVICE DELIVERY - Module 4
EMPLOYEES ROLE IN SERVICE DELIVERY  - Module 4EMPLOYEES ROLE IN SERVICE DELIVERY  - Module 4
EMPLOYEES ROLE IN SERVICE DELIVERY - Module 4Azam FA
 
Culture of Consumer Behavior
Culture of Consumer BehaviorCulture of Consumer Behavior
Culture of Consumer BehaviorRupesh Poddar
 
CONSUMER BEHAVIOUR-Preception
CONSUMER BEHAVIOUR-PreceptionCONSUMER BEHAVIOUR-Preception
CONSUMER BEHAVIOUR-Preceptionbinubabu111
 
Consumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth ModelConsumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth ModelChandan Bhosale
 
Consumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cycleConsumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cyclerainbowlink
 
Group Dynamics of Consumer Behavior
Group Dynamics of Consumer BehaviorGroup Dynamics of Consumer Behavior
Group Dynamics of Consumer BehaviorSoumyaKatiyar
 

What's hot (20)

Consumer attitude and attitude change
Consumer attitude and attitude changeConsumer attitude and attitude change
Consumer attitude and attitude change
 
Behavioural pattern of indian consumer
Behavioural pattern of indian consumerBehavioural pattern of indian consumer
Behavioural pattern of indian consumer
 
Basics of consumer behaviour
Basics of consumer behaviourBasics of consumer behaviour
Basics of consumer behaviour
 
Post purchase behavior
Post purchase behaviorPost purchase behavior
Post purchase behavior
 
Buying roles presentation
Buying roles presentationBuying roles presentation
Buying roles presentation
 
Consumer buying decision process
Consumer buying decision processConsumer buying decision process
Consumer buying decision process
 
Dynamics of perception
Dynamics of perceptionDynamics of perception
Dynamics of perception
 
Consumer decision making process
Consumer decision making process Consumer decision making process
Consumer decision making process
 
CULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR ppt
CULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR pptCULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR ppt
CULTURAL FACTORS INFLUENCING CONSUMER BEHAVIOR ppt
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
 
Harward sheth model
Harward sheth modelHarward sheth model
Harward sheth model
 
Social class(Consumer Behavior)
Social class(Consumer Behavior)Social class(Consumer Behavior)
Social class(Consumer Behavior)
 
Role of Opinion leaders in consumer behaviour
Role of Opinion leaders in consumer behaviour Role of Opinion leaders in consumer behaviour
Role of Opinion leaders in consumer behaviour
 
EMPLOYEES ROLE IN SERVICE DELIVERY - Module 4
EMPLOYEES ROLE IN SERVICE DELIVERY  - Module 4EMPLOYEES ROLE IN SERVICE DELIVERY  - Module 4
EMPLOYEES ROLE IN SERVICE DELIVERY - Module 4
 
Culture of Consumer Behavior
Culture of Consumer BehaviorCulture of Consumer Behavior
Culture of Consumer Behavior
 
CONSUMER BEHAVIOUR-Preception
CONSUMER BEHAVIOUR-PreceptionCONSUMER BEHAVIOUR-Preception
CONSUMER BEHAVIOUR-Preception
 
Consumer Perception
Consumer PerceptionConsumer Perception
Consumer Perception
 
Consumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth ModelConsumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth Model
 
Consumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cycleConsumer Behaviour -Family, social class & life cycle
Consumer Behaviour -Family, social class & life cycle
 
Group Dynamics of Consumer Behavior
Group Dynamics of Consumer BehaviorGroup Dynamics of Consumer Behavior
Group Dynamics of Consumer Behavior
 

Viewers also liked

Iipm consumer behaviour full
Iipm consumer behaviour fullIipm consumer behaviour full
Iipm consumer behaviour fullShray Mathur
 
Module 1 - Consumer Behaviour
Module 1 - Consumer BehaviourModule 1 - Consumer Behaviour
Module 1 - Consumer Behaviourshubhadaraop
 
consumer behaviour learning
 consumer behaviour learning  consumer behaviour learning
consumer behaviour learning Sonakshi Anbu
 
personality and consumer behavior
personality and consumer behavior personality and consumer behavior
personality and consumer behavior Sonakshi Anbu
 
Consumer learning
Consumer learningConsumer learning
Consumer learningbommurani
 
Personality & consumer behaviour
Personality &  consumer behaviourPersonality &  consumer behaviour
Personality & consumer behaviourAshwin Fernandes
 
Consumer Behavior
Consumer BehaviorConsumer Behavior
Consumer Behaviornitindhingra26
 

Viewers also liked (8)

Iipm consumer behaviour full
Iipm consumer behaviour fullIipm consumer behaviour full
Iipm consumer behaviour full
 
Module 1 - Consumer Behaviour
Module 1 - Consumer BehaviourModule 1 - Consumer Behaviour
Module 1 - Consumer Behaviour
 
Indian consumer
Indian consumerIndian consumer
Indian consumer
 
consumer behaviour learning
 consumer behaviour learning  consumer behaviour learning
consumer behaviour learning
 
personality and consumer behavior
personality and consumer behavior personality and consumer behavior
personality and consumer behavior
 
Consumer learning
Consumer learningConsumer learning
Consumer learning
 
Personality & consumer behaviour
Personality &  consumer behaviourPersonality &  consumer behaviour
Personality & consumer behaviour
 
Consumer Behavior
Consumer BehaviorConsumer Behavior
Consumer Behavior
 

Similar to Indian Consumers

Consumer behavior 2
Consumer behavior   2Consumer behavior   2
Consumer behavior 2msquare77
 
Consumer Insights
Consumer InsightsConsumer Insights
Consumer InsightsMaxwellPR
 
Building value through branding food & nutrition
Building value through branding food & nutritionBuilding value through branding food & nutrition
Building value through branding food & nutritionPeter Leighton
 
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei CampaignUWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei CampaignTiffani Johnson
 
Introduction to consumer behaviour
Introduction to consumer behaviourIntroduction to consumer behaviour
Introduction to consumer behaviourprachimba
 
iNewtrition Using Marketing and Consumer Insights in Product Innovation
iNewtrition Using Marketing and Consumer Insights in Product InnovationiNewtrition Using Marketing and Consumer Insights in Product Innovation
iNewtrition Using Marketing and Consumer Insights in Product Innovationinewtrition
 
Ss consumer behavior
Ss consumer behaviorSs consumer behavior
Ss consumer behaviorCMPCERT
 
consumer behavior in tourism
consumer behavior in tourismconsumer behavior in tourism
consumer behavior in tourismrustambek19982307
 
Consumer behaviour final materials
Consumer behaviour final materialsConsumer behaviour final materials
Consumer behaviour final materialsRaafat Youssef Shehata
 
2015 AMA Collegiate Case Competition
2015 AMA Collegiate Case Competition 2015 AMA Collegiate Case Competition
2015 AMA Collegiate Case Competition Alice Shy
 
Marketing short course - Harper Adams University
Marketing short course - Harper Adams UniversityMarketing short course - Harper Adams University
Marketing short course - Harper Adams Universitybexatharper
 
The Produce Industry's Evolving Consumer
The Produce Industry's Evolving ConsumerThe Produce Industry's Evolving Consumer
The Produce Industry's Evolving ConsumerMaryanne Conlin
 
11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision Making
11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision Making11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision Making
11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision MakingIrwan Haribudiman
 
20220307044228CONSUMER BEHAVIOR.pdf
20220307044228CONSUMER BEHAVIOR.pdf20220307044228CONSUMER BEHAVIOR.pdf
20220307044228CONSUMER BEHAVIOR.pdfharshitgarg753226
 
COVID-19 // The Meaningful Shift // LATAM POV
COVID-19 // The Meaningful Shift // LATAM POVCOVID-19 // The Meaningful Shift // LATAM POV
COVID-19 // The Meaningful Shift // LATAM POVHavas
 
CONSUMER BEHAVIOR (EXTERNAL).pptx
CONSUMER BEHAVIOR (EXTERNAL).pptxCONSUMER BEHAVIOR (EXTERNAL).pptx
CONSUMER BEHAVIOR (EXTERNAL).pptxJinnyAsyiqin
 
The new wave of Indian F&B Industry
The new wave of Indian F&B IndustryThe new wave of Indian F&B Industry
The new wave of Indian F&B IndustryPineapple Consulting
 
CONSUMER BEHAVIOUR(Unit-1, Part 1).pdf
CONSUMER BEHAVIOUR(Unit-1, Part 1).pdfCONSUMER BEHAVIOUR(Unit-1, Part 1).pdf
CONSUMER BEHAVIOUR(Unit-1, Part 1).pdfVivekjha989480
 

Similar to Indian Consumers (20)

Consumer behavior
Consumer behaviorConsumer behavior
Consumer behavior
 
Consumer behavior 2
Consumer behavior   2Consumer behavior   2
Consumer behavior 2
 
Consumer Insights
Consumer InsightsConsumer Insights
Consumer Insights
 
Building value through branding food & nutrition
Building value through branding food & nutritionBuilding value through branding food & nutrition
Building value through branding food & nutrition
 
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei CampaignUWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
UWF 2017 NSAC "Feed Your Inner Dragon" Tai Pei Campaign
 
Introduction to consumer behaviour
Introduction to consumer behaviourIntroduction to consumer behaviour
Introduction to consumer behaviour
 
iNewtrition Using Marketing and Consumer Insights in Product Innovation
iNewtrition Using Marketing and Consumer Insights in Product InnovationiNewtrition Using Marketing and Consumer Insights in Product Innovation
iNewtrition Using Marketing and Consumer Insights in Product Innovation
 
Ss consumer behavior
Ss consumer behaviorSs consumer behavior
Ss consumer behavior
 
Chap5
Chap5Chap5
Chap5
 
consumer behavior in tourism
consumer behavior in tourismconsumer behavior in tourism
consumer behavior in tourism
 
Consumer behaviour final materials
Consumer behaviour final materialsConsumer behaviour final materials
Consumer behaviour final materials
 
2015 AMA Collegiate Case Competition
2015 AMA Collegiate Case Competition 2015 AMA Collegiate Case Competition
2015 AMA Collegiate Case Competition
 
Marketing short course - Harper Adams University
Marketing short course - Harper Adams UniversityMarketing short course - Harper Adams University
Marketing short course - Harper Adams University
 
The Produce Industry's Evolving Consumer
The Produce Industry's Evolving ConsumerThe Produce Industry's Evolving Consumer
The Produce Industry's Evolving Consumer
 
11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision Making
11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision Making11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision Making
11. Perilaku Wisatawan - Cross Cultural Behaviour & Tourist Decision Making
 
20220307044228CONSUMER BEHAVIOR.pdf
20220307044228CONSUMER BEHAVIOR.pdf20220307044228CONSUMER BEHAVIOR.pdf
20220307044228CONSUMER BEHAVIOR.pdf
 
COVID-19 // The Meaningful Shift // LATAM POV
COVID-19 // The Meaningful Shift // LATAM POVCOVID-19 // The Meaningful Shift // LATAM POV
COVID-19 // The Meaningful Shift // LATAM POV
 
CONSUMER BEHAVIOR (EXTERNAL).pptx
CONSUMER BEHAVIOR (EXTERNAL).pptxCONSUMER BEHAVIOR (EXTERNAL).pptx
CONSUMER BEHAVIOR (EXTERNAL).pptx
 
The new wave of Indian F&B Industry
The new wave of Indian F&B IndustryThe new wave of Indian F&B Industry
The new wave of Indian F&B Industry
 
CONSUMER BEHAVIOUR(Unit-1, Part 1).pdf
CONSUMER BEHAVIOUR(Unit-1, Part 1).pdfCONSUMER BEHAVIOUR(Unit-1, Part 1).pdf
CONSUMER BEHAVIOUR(Unit-1, Part 1).pdf
 

More from Prasant Patro

Google-Work Culture and Innovation
Google-Work Culture and InnovationGoogle-Work Culture and Innovation
Google-Work Culture and InnovationPrasant Patro
 
Tata Indica-Product Analysis
Tata Indica-Product AnalysisTata Indica-Product Analysis
Tata Indica-Product AnalysisPrasant Patro
 
Toyota Industrial Relation
Toyota Industrial RelationToyota Industrial Relation
Toyota Industrial RelationPrasant Patro
 
Inner line allowance
Inner line allowanceInner line allowance
Inner line allowancePrasant Patro
 
Pillsbury-Perception Map
Pillsbury-Perception MapPillsbury-Perception Map
Pillsbury-Perception MapPrasant Patro
 
Lego Outsourcing
Lego OutsourcingLego Outsourcing
Lego OutsourcingPrasant Patro
 
Banking in India
Banking in IndiaBanking in India
Banking in IndiaPrasant Patro
 
Parry Ad Concept Testing
Parry Ad Concept TestingParry Ad Concept Testing
Parry Ad Concept TestingPrasant Patro
 
Investing in Nigeria
Investing in NigeriaInvesting in Nigeria
Investing in NigeriaPrasant Patro
 
Corporate Nigeria
Corporate NigeriaCorporate Nigeria
Corporate NigeriaPrasant Patro
 
McDonalds - International Business
McDonalds - International BusinessMcDonalds - International Business
McDonalds - International BusinessPrasant Patro
 
Innovative HRM Practices at IKEA
Innovative HRM Practices at IKEAInnovative HRM Practices at IKEA
Innovative HRM Practices at IKEAPrasant Patro
 
DLF-Building India
DLF-Building IndiaDLF-Building India
DLF-Building IndiaPrasant Patro
 
Real Estate in India
Real Estate in IndiaReal Estate in India
Real Estate in IndiaPrasant Patro
 
Operartions research in US Healthcare Industry
Operartions research in US Healthcare IndustryOperartions research in US Healthcare Industry
Operartions research in US Healthcare IndustryPrasant Patro
 
Economy of Oil Price
Economy of Oil PriceEconomy of Oil Price
Economy of Oil PricePrasant Patro
 
Ikea_White Paper
Ikea_White PaperIkea_White Paper
Ikea_White PaperPrasant Patro
 
Cost Accounting at 3M
Cost Accounting at 3MCost Accounting at 3M
Cost Accounting at 3MPrasant Patro
 

More from Prasant Patro (20)

Google-Work Culture and Innovation
Google-Work Culture and InnovationGoogle-Work Culture and Innovation
Google-Work Culture and Innovation
 
Tata Indica-Product Analysis
Tata Indica-Product AnalysisTata Indica-Product Analysis
Tata Indica-Product Analysis
 
Toyota Industrial Relation
Toyota Industrial RelationToyota Industrial Relation
Toyota Industrial Relation
 
Inner line allowance
Inner line allowanceInner line allowance
Inner line allowance
 
Pillsbury-Perception Map
Pillsbury-Perception MapPillsbury-Perception Map
Pillsbury-Perception Map
 
Lego Outsourcing
Lego OutsourcingLego Outsourcing
Lego Outsourcing
 
Banking in India
Banking in IndiaBanking in India
Banking in India
 
HP Way
HP WayHP Way
HP Way
 
Parry Ad Concept Testing
Parry Ad Concept TestingParry Ad Concept Testing
Parry Ad Concept Testing
 
Investing in Nigeria
Investing in NigeriaInvesting in Nigeria
Investing in Nigeria
 
Corporate Nigeria
Corporate NigeriaCorporate Nigeria
Corporate Nigeria
 
McDonalds - International Business
McDonalds - International BusinessMcDonalds - International Business
McDonalds - International Business
 
Innovative HRM Practices at IKEA
Innovative HRM Practices at IKEAInnovative HRM Practices at IKEA
Innovative HRM Practices at IKEA
 
DLF-Building India
DLF-Building IndiaDLF-Building India
DLF-Building India
 
Real Estate in India
Real Estate in IndiaReal Estate in India
Real Estate in India
 
Operartions research in US Healthcare Industry
Operartions research in US Healthcare IndustryOperartions research in US Healthcare Industry
Operartions research in US Healthcare Industry
 
Aqualisa
AqualisaAqualisa
Aqualisa
 
Economy of Oil Price
Economy of Oil PriceEconomy of Oil Price
Economy of Oil Price
 
Ikea_White Paper
Ikea_White PaperIkea_White Paper
Ikea_White Paper
 
Cost Accounting at 3M
Cost Accounting at 3MCost Accounting at 3M
Cost Accounting at 3M
 

Recently uploaded

8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Doge Mining Website
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditNhtLNguyn9
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environmentelijahj01012
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024Adnet Communications
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 

Recently uploaded (20)

8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North GoaCall Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environment
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 

Indian Consumers

  • 1. Presented by: Achintya PR Avishek Bhattacharya Divya Marwah Mukul Attri Nayana Unni Prashant Patro Siddharth Modak
  • 2. • An individual who buys products or services for personal use and not for manufacture or resale. • A consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements. • Whenever someone goes to a store and purchases a toy, shirt, beverage, or anything else, they are making that decision as a consumer.
  • 3. Parameter Traditional Modern Source of Income Single source Multiple sources Disposable Income Less More Choice Less product choices Plenty of choices Product awareness Relatively low Sound knowledge Spending pattern Preferred saving Prefer to spend Shopping pattern Functional Lifestyle & comfort Technology Low need and availability Habituated
  • 4. • • • • • • Pro-growth Demographics Economic Growth Socio-cultural Impacts Aspiration for a better life Brand consciousness Impact of technology
  • 5. • Youth population(20-40 yrs) is more than 54% (Increase in healthcare services resulted in declining death rate and rise in life expectancy) • Increased migration from rural to urban areas( approx 32%) (workforce moving to urban areas in search of better education, healthcare, lifestyle and opportunities) • Cultural Transitions (Retain the core but flexible to change, Amalgamation of New and Old)
  • 6. • GDP- growing at an average rate of 6% for past five years • Transition: Lower Income Group (18%) Middle Income Group(56%) Higher Income Group(26%) • Per capita income: Rs 5,729 per month, increased by 11.7% compared to previous fiscal. • Increasing disposable income. (estimated to be $ 1700 p.a. by 2014) • Av. Industrial Growth Rate is 3.7% last year, showing increased consumption.
  • 8. Rise in income level Rise in living standard Higher purchasing power Higher aspirations for luxury and lifestyle Rising demand for goods and services
  • 9. • Youth deviating from local products to branded products. • Customers like to be associated with a brand. • Shift in attitude: from need based to choice based. • Shift from unorganized retailing to organized retailing.
  • 10. • Rising level of dependency on technology. • Impact of television. • Changing mediums of promotion and distribution • 24X7 shopping through e-commerce. • Call Centre Boomers: (being set up even at rural places, provide enough employment opportunities)
  • 12.
  • 18.
  • 19. 1. Languages 2. Symbols and signs 3. Rituals and customs 4. Traditions • Tailor-made communication in tune with regional language • Integrate within marketing mix to get connected. • Anticipate and touch through product and promotion
  • 20. 1. Individual and Family 2. Society through conformity 3. Success and growth 4. Age and youthfulness 5. Happiness and adaptability 6. Religion and spirituality • Address individual from the backdrop of the family • Bank upon deep rooted societal values for quick connection • Link individual achievement with group cohesiveness • Appreciate age and role of patriarch • Create your message on positive sides of life • May link with brand building activity for unique positioning
  • 21.
  • 22. • Mc Donald projected itself into Indian market by valuing consumer‟s eating habits and sustained itself by valuing Indian purchasing power. • Cadbury identified the ritual of gifting sweets to people during festivals and now enjoying a vast customer base. • General Mills (Pillsbury Atta) targeted Indian mothers by showcasing the new behavioral changes occurring in their children.
  • 23.
  • 24.
  • 25. • Femina, magazine for women, communicated the core value of India i.e. “…know nothing can stop me from trying and breaking chains and flying…” • Nestle got positive feedback from customer by launching “Maggi vegetable Atta noodles” working on the platform of Indian definition of health “Health is wealth”. • Horlicks Mother- prioritizing families health, Moov Mother- ensures happiness of family in turn gets recharged by Moov. • Big Bazaar- projects people and happiness with catchline like “Khushiyon se bhari jholi”
  • 26.
  • 27. 1. • Need Recognition And Problem Awareness 2. • Information Search 3. • Evaluation Of Alternatives 4. • Purchase 5. • Post-Purchase Evaluation
  • 28.
  • 29. • Selective Attention is the phenomenon of being able to focus one's attention on a particular stimulus while filtering out a range of other stimuli.
  • 30. • Selective retention, is the process when people more accurately remember messages that are closer to their interests, values and beliefs, than those that are in contrast with their values and beliefs, selecting what to keep in the memory, narrowing the informational flow.
  • 31. • Selective distortion is a term that refers to the tendency of people to interpret information in a way that will support what they already believe.
  • 32. • In US, Coors changed its label from “Banquet Beer” to “Original Draft”, consumers claimed the taste had changed even though the formulation had not. • The case cites the example of Rotarians, who were given same portions under the labels “Medium” and “Large”. Those who received “Medium” meals ate more.
  • 33. • Decision framing is a manner in which choices are presented to and seen by a decision maker • Consumers can be given a „nudge‟ via some small features in the environment that attracts attention and alters behaviour • Mental accounting refers to the way consumers code, categorise and evaluate final outcomes of choices
  • 34. • According to Richard Thaler, mental accounting is based on a set of core principles:1. Consumers tend to segregate gains 2. Consumers tend to integrate losses 3. Consumers tend to integrate smaller losses with larger gains 4. Consumers tend to segregate small gains from large losses
  • 35.
  • 36. • Toyota did not have a presence in the luxury car segment, so it introduced a new line of cars under the Lexus brand
  • 37. • In case of packaged food products, nutritional facts are given on the packaging are standard for one serving. • But due to variations in the actual serving size offered, consumers are often left with incorrect information
  • 38. • Companies give innovative names to their products to create a perception of offering more value for money • Names such as Super Size, Jumbo, Whopper and Petite etc. create confusion in consumer‟s mind, which is then used by the companies to sell the products
  • 39.
  • 40. • In case of packaged food products, nutritional facts are given on the packaging are standard for one serving. • But due to variations in the actual serving size offered, consumers are often left with incorrect information
  • 41. • From the case study, we observe that when club members were given the same quantity of food under different serving labels, Medium and Large, the ones who had Medium labelled meals ate more
  • 42. • Instead of offering a small, medium or large serving, Starbucks has named its drinks as Tall, Grande and Venti • Can be taken up as an example of good branding • It fits into Starbucks selling itself as a lifestyle brand • Naming caters to a sense of luxury. For e.g. having a Grande Latte Half-Caf is more glamorous than a having just a Regular Decaf coffee
  • 43.  False health benefit claims by Pom Wonderful that taking in pomegranate juice reduces the risk of cancer. Product pushers have inflated the medical benefits of their products to woo the self-conscious . For instance, here are three recent examples of egregiously misleading health and fitness ads.  Reebok's EasyTone Shoes: Reebok ran a series of ads on its easy tone and RunTone shoes featuring lithe and toned models professing the benefits of the footwear's special toning soles. It claimed that the muscles would be toned upto 11 percent more than when you wear regular sneakers. The LA Times reported that an FTC investigation found the only thing that EasyTone shoes actually did was make it uncomfortable to walk. As a result, Reebok was forced to refund more than $25 million in purchases
  • 44.  Airborne Herbal Supplement: The result of a second grade teacher's research, the herbal supplement became a national phenomenon after it appeared to finally provide the cure/prevention for the common cold that science had yet to figure out.  Dannon Activia Yoghurt: In 2009, a federal judge found that Dannon's claims that a daily serving of Activia would relieve irregularity and help expedite the digestion process were totally unsubstantiated. It turned out the company had been charging a 30% premium on the "probiotic" yogurts over other brands when in reality the contents in the cups were all the same.
  • 45. Looking at the amount of misleading advertisements that pervade modern media, consumers should be wary any time they hear that a product is "scientifically proven" to work. Unless the advertiser specifically states that its claims have been validated by the FDA, there's no reason to trust any purported medical benefits of any piece of merchandise, whether it's shoes or cold medicine. Often, these health and fitness products are just modern interpretations of the snake oil that bankrupted early settlers in the Wild West.