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Consumer Decision Making Models

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Stimulus-response Model Of Buyer Behavior
The Five Values Influencing Consumer Choice Behavior
Solomon Model Of Comparison Process
Nicosia Model
Howard-sheth Model
Engel-kollat-blackwell Model

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Consumer Decision Making Models

  1. 1. Consumer Decision Making Models Mithilesh Trivedi
  2. 2. The consumer models refer to varying orientations and perspectives with which consumers approach the marketplace and how/why they behave as they do. They refer to how the varying orientations impact the buying decision process and overall buyer behavior. Consumer Decision Making Models: - 1. Stimulus-response Model Of Buyer Behavior 2. The Five Values Influencing Consumer Choice Behavior 3. Solomon Model Of Comparison Process 4. Nicosia Model 5. Howard-sheth Model 6. Engel-kollat-blackwell Model
  3. 3. Stimulus-Response Model Of Buyer Behavior • Middleton (1994) presented an adapted model of consumer behavior tourism, which was termed the stimulus-response model of buyer behavior. This model is based on the four interactive components with the central component identified as 'buyer characteristics and decision process'. • The model separates out motivators and determinants in consumer buying behavior and also emphasizes the important effects that an organization can have on the consumer buying process by the use of communication channels.
  4. 4. Sheth-Newman Gross Model of Consumption Values • According to this model, there are five consumption values influencing consumer choice behavior. • These are functional, social, conditional, emotional, and epistemic values. • Any or all of the five consumption values may influence the decision. • Various disciplines (including economics, sociology, several branches of psychology, marketing and consumer behavior) have contributed theories and research findings relevant to these values, (Sheth et al. 1991). • Each consumption value in the theory is consistent with various components of models advanced by Maslow (1970), Katona (1971), Katz (1960), and Hanna (1980). Five consumption values form the core of the model:
  5. 5. Solomon Model Of Comparison Process
  6. 6. Nicosia Model • This model focuses on the relationship between the firm and its potential consumers • The firm communicates with consumers through its marketing messages (advertising), and the consumers react to these messages by purchasing response • The firm and the consumer are connected with each other, the firm tries to influence the consumer and the consumer is influencing the firm by his decision
  7. 7. Howard-sheth Model This Model Suggests Three Levels Of Decision Making: - 1. The first level describes the extensive problem solving. At this level the consumer does not have any basic information or knowledge about the brand and he does not have any preferences for any product. In this situation, the consumer will seek information about all the different brands in the market before purchasing. 2. The second level is limited problem solving. This situation exists for consumers who have little knowledge about the market, or partial knowledge about what they want to purchase. In order to arrive at a brand preference some comparative brand information is sought. 3. The third level is a habitual response behavior. In this level the consumer knows very well about the different brands and he can differentiate between the different characteristics of each product, and he already decides to purchase a particular product.
  8. 8. Engel-kollat-blackwell Model This model was created to describe the increasing, fast-growing body of knowledge concerning consumer behavior. This model, like in other models, has gone through many revisions to improve its descriptive ability of the basic relationships between components and sub-components, this model consists also of four stages; • Information Input • Information Processing • Decision Process • Variables Influencing The Decision Process
  9. 9. Thank You

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