This document provides guidelines for a marketing project analyzing buyer behavior for a selected product and target segment. It outlines requirements to examine external influences like culture, demographics, and group influence. It also requires an analysis of internal influences, specifically how the product meets needs and motives using Maslow's hierarchy, how perception theory applies, and which learning theories are most relevant to promote the product. The guidelines provide interpretation and direction on what to research and discuss for each requirement.
Consumer Bahavior-6 a Marketing Plan prerequisite by www.marketingPlanNOW.comwww.marketingPlanMODE.com
When studying consumer behavior, what often remains is the process of decision making, an internal processes that includes five main stages: problem recognition, information search, evaluation of alternatives, purchase decisions, post purchase outcomes.
Consumer Decision Making Process and models -Howard Sheth, Nicosia Model, Engel Blackwell and Kollat, pavlovian lerning model, sociological model, Psychoanalytic(Sigmund Freud), Andreason
The Howard Sheth Model is an approach for analyzing the combined impact of the social, psychological and marketing factors on the buying behaviour or preference of the consumers and the industrial buyers into a logical order of information processing.
Consumer Behavior
1. Howard Sheth Model
2. Extensive problem solving
3. Limited problem solving
4. Routinized response behavior
5. Inputs
6. Perceptual construct
7. Learning construct
8. Consumer Usual Buying Behavior
9. Dispose
Consumer Bahavior-6 a Marketing Plan prerequisite by www.marketingPlanNOW.comwww.marketingPlanMODE.com
When studying consumer behavior, what often remains is the process of decision making, an internal processes that includes five main stages: problem recognition, information search, evaluation of alternatives, purchase decisions, post purchase outcomes.
Consumer Decision Making Process and models -Howard Sheth, Nicosia Model, Engel Blackwell and Kollat, pavlovian lerning model, sociological model, Psychoanalytic(Sigmund Freud), Andreason
The Howard Sheth Model is an approach for analyzing the combined impact of the social, psychological and marketing factors on the buying behaviour or preference of the consumers and the industrial buyers into a logical order of information processing.
Consumer Behavior
1. Howard Sheth Model
2. Extensive problem solving
3. Limited problem solving
4. Routinized response behavior
5. Inputs
6. Perceptual construct
7. Learning construct
8. Consumer Usual Buying Behavior
9. Dispose
Slides from B2B Branding Workshop given by Professor Brian Brown of the VCU Business School at SWaMFest VIII, held by the Virginia Association of State College and University Purchasing Professionals (VASCUPP) October 10-11 2012.
Summarization of core marketing concepts and the marketing strategy framework. This includes elements that should be applied when devising and developing a marketing strategy for a company.
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How Can A Brand Stay Relevant Over Time? Forget Loyalty! Focus on Building Brand Affinity by Fulfilling "universal" Human Insights and Emotional/Psychosocial Desires... via Humanizing Your Brand, Emotional Bonding, and Emotional Branding including Transformational Advertising. In short: Be Likeable, By Staying Outstandingly DIFFERENTIATED in A Strong, Favorable, Unique Manner, and Relevant in The Face of Changing or Evolving Times and Ways-of-Life.
Defense contractors who are able to adjust their marketing and sales to what matters most to their prospects can shorten their sales cycle, increase sales and repeat purchases, and attain greater profitability by becoming a preferred vendor.
B2B companies who are able to adjust their marketing and sales to what matters most to their prospects can shorten their sales cycle, increase sales and repeat purchases, and attain greater profitability by becoming a preferred vendor.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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2. Continuing from Part One..
• The next requirement as shown in the project brief reads
as follows:
– Select one target segment profiled in question 3
from your chosen product that is considered a
primary segment. Investigate and discuss how the
following influences impact upon this identified
segment and product/brand.
• This requirement covers parts 4 and 5 of the report:
the external and internal influences affecting
consumer buying behaviours
BB Guidelines (Part One) 2
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3. External Influences
Instruction (as per Interpretation/ what needs to be
guidelines) done:
Culture and subculture: examine how values of
4.1 Culture and the local society could impact on the
Subculture: Are the consumption of the brand. If this is a foreign
values upheld in the brand, how will foreign cultural values match
those of the local culture- are there
society consistent with
differences?
the consumption of the Research specifically on the specific values
product? Does the that are closely related the purchase and
product appeal to a consumption of the product.
specific adopter Adopter category means the target segment-
category? so what it the profile of the key market segment
that the product is positioned at? If it is an
innovative product, then study the theory of
adoption and the types of adopters.
3
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4. External Influences
Instruction (as per Interpretation/ what needs to be
guidelines) done:
4.2 Demographics: Is
there an influence of Link the specific demographic variables
age, gender, that determine the profile of the target
socioeconomic customers. Do not show long lists of
demographic factors but instead narrow
influences upon
down to the key ones only.
consumption?
It is important that you show evidence of
some correlation between the selected
demographic variables and the propensity
among target customers to buy and use
the product
4
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5. External Influences
Instruction (as per Interpretation/ what needs to be
guidelines) done:
4.3 Group influence: Is
there a reference group Research is from Chapter 14 of the text.
influence element on this
To what extent is the product itself
product category? susceptible to group influence? Is it one
that requires peer group influence?
Observability? Communicability? Status
symbol? Explain how this is so.
Discuss some of the processes like
communication and opinion leadership in
explaining how the group influences the
diffusion and adoption of the product
among its ‘members’
5
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6. Internal Influences
Instruction (as per Interpretation/ what needs to be
guidelines) done:
5.1 Needs and Motives:
How readily is the Research is from Chapter 10 of the text.
product positioned to
satisfy different needs or Use Maslow as the framework BUT don’t
motives? What needs write about all the needs- not required.
are being met? (e.g
Maslow’s Hierarchy of You need to explain clearly how the
Needs) specific type of need/s are matched to
the consumption of the product.
From the marketing point of view,
examine how the design and promotion
of the product is well/poorly positioned
to meet the specific category of needs
6
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7. Internal Influences
Instruction (as per Interpretation/ what needs to be
guidelines) done:
5.2 Perception: What are Research is from Chapter 8 of the text.
the strategic implications
of the process of You can use a number of concepts:
perception for
marketers? -Selective perception
-JND
-Gestalt
This section requires you to show how
perception is relevant to the marketing of the
product. How does perception theory
relevant to areas of marketing such as brand
image and positioning, perception of price
and quality, store image or the perception of
advertising. You can select the relevant area
and apply accordingly.
7
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8. Internal Influences
Instruction (as per Interpretation/ what needs to be
guidelines) done:
5.3 Learning: Given the
profile of each segment, Research if from Chapter 9 of the text.
which application of
We want to know WHICH learning theory is
learning theories would relevant- don’t write long discussions of all
be most relevant to use the theories!
in promotion? eg; Based on the nature of the product (high or
reasoning versus low involvement) we can then deduce the
operant conditioning? type and complexity of consumer learning.
Will it be more conditioning or more of
cognitive learning and justify WHY this is so.
Give examples of how marketing and
promotions can condition consumer learning.
Also discuss how brand loyalty can develop
based on learning and reinforcement.
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9. 3. Identification of Target Markets:
Instruction (as per Interpretation/ what needs to be
guidelines) done:
5.4 Lifestyle- Does the
product appeal to a Research is from Chapter 12 of the text.
particular lifestyle? Is the
Consider the impact of psychographics on
product appropriate for buying behavior. Understand what is
one or more lifestyles? VALS.
What kinds of lifestyle characteristics
might determine the likely target customer
profile? Show some examples and
evidences of how the product specifically
appeals to the given consumer lifestyle
that you have profile based on VALS.
9
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