SlideShare a Scribd company logo
C O N S U M E R B E H AV I O R
M A D I S O N H E F F E L F I N G E R
T H E C O N S U M E R
D E C I S I O N
P R O C E S S
N E E D
R E C O G N I T I O N
• Need recognition- when consumers recognize they
have an unsatisfied need and would like to go from
their actual, needy state to a different desired state
• Functional needs- pertains to the performance
of a product or service
• Psychological needs- pertains to the personal
gratification consumers associate with a product
or service
I N F O R M AT I O N S E A R C H
• Information search– after the consumer recognizes a need, the next step is to search for
information about the various options that exist to satisfy that need
• Internal search for information- the buyer examines his or her own memory and
knowledge about the product or service gathered through past experiences
• External search for information- the buyer seeks information outside his or her
personal knowledge base to help make the buying decision
• Factors affecting consumers’ search processes:
• The perceived benefits versus perceived costs of search
• The locus of control
• Actual or perceived risk
A LT E R N AT I V E
E VA L U AT I O N
• Sifting through the choices available and evaluate the alternatives
• Attribute sets- a consumer’s mind organizes and categorizes
alternatives to aid his or her decision process
• Sets include retrieval, universal, and evoked
• Consumer Decision rules:
• Compensatory- assumes that the consumer, when evaluating
alternatives, trades off one characteristic against another, such
that good characteristics compensate for bad characteristics
• Noncompensatory- consumers choose a product or service
based on one characteristic or one subset of a characteristic,
regardless of the values of its other attributes
• Choice Architecture- an effort to influence consumers through
the design of the environments in which they make their
choices
P U R C H A S E A N D C O N S U M P T I O N
• After evaluating the alternatives, customers are ready to buy
• Conversion rate- measures how well retailers have converted purchase intentions into
purchases
P O S T-
P U R C H A S E
The final step of the decision-making process. There
are three possible post-purchases outcomes.
• Customer satisfaction
• Post-purchase cognitive dissonance
• Customer loyalty
Negative word of mouth can also potentially
occur post-purchase
FA C T O R S
I N F L U E N C I N G T H E
C O N S U M E R
D E C I S I O N P R O C E S S
P S Y C H O L O G I C A L
F A C T O R S
• Factors that affect the way people receive marketers’ messages
• Motives- need or want that is strong enough to cause the
person to seek satisfaction
• Maslow’s Hierarchy of Needs
• Attitude- a person’s enduring evaluation of his or her feelings
about and behavioral tendencies toward an object or idea
• Perceptions- the process by which we select, organize, and
interpret information to form a meaningful picture of the world
• Learning and Memory-
• Learning- change in a person’s thought process or behavior
that arises from experience and takes place throughout the
consumer decision process
• Memory- information that has been acquired and stored in
the brain, to be available and utilized when needed
• Lifestyle- the way consumers spend their time and money to
live
S O C I A L FA C T O R S
• The external social environment that influences purchase
decisions
• Family- many purchase decisions are made about products
and services that the entire family will consume or use
• Reference Groups- one or more persons whom an
individual uses as a basis for comparison regarding beliefs,
feelings, and behaviors
• Culture- shared meanings, beliefs, morals, values, and
customs of a group of people
S I T U AT I O N A L FA C T O R S
• Factors specific to a situation that override or at least influence
psychological and social issues
• Purchase situation- customers may be predisposed to purchase
certain products or services because of some underlying
psychological trait or social factor
• Sensory situation- when a customer enters a store, various
sensory aspects influence his or her decisions
• Temporal state- our state of mind at any time can alter our
preconceived notions of what we are going to purchase
T H E E N D

More Related Content

What's hot

Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
Prasanth Khanna
 
Buying roles
Buying rolesBuying roles
factors affecting retail consumer decisions
factors affecting retail consumer decisionsfactors affecting retail consumer decisions
factors affecting retail consumer decisions
Ayush G. Kottary
 
Consumer&business buying behavior
Consumer&business buying  behaviorConsumer&business buying  behavior
Consumer&business buying behavior
Manish Parihar
 
Decision making process
Decision making processDecision making process
Decision making process
Rishabh Maity
 
Chapter6 analyzing consumer markets
Chapter6 analyzing consumer marketsChapter6 analyzing consumer markets
Chapter6 analyzing consumer markets
hidelzacastillo
 
consumer behaviour basics
consumer behaviour basics consumer behaviour basics
consumer behaviour basics
Palaash Kumar
 
Buying decision process in rural marketing
Buying decision process in rural marketingBuying decision process in rural marketing
Buying decision process in rural marketing
kanikaguptauicet
 
Introduction to Consumer Behavior
Introduction to Consumer BehaviorIntroduction to Consumer Behavior
Introduction to Consumer Behavior
Maxwell Ranasinghe
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
Dr. J. Jayapradha Varma
 
Analyzing consumer markets 06
Analyzing consumer markets   06Analyzing consumer markets   06
Analyzing consumer markets 06
skillfulyards
 
Consumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth ModelConsumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth Model
Chandan Bhosale
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
Shameem Ali
 
Howardshethmodel description
Howardshethmodel descriptionHowardshethmodel description
Howardshethmodel description
Shubhanshi Soni
 
Cb 1 models of consumer behaviour
Cb 1 models of consumer behaviourCb 1 models of consumer behaviour
Cb 1 models of consumer behaviour
Sagar Kumar Vishal
 
Facter affecting retail shopee in the market
Facter affecting retail shopee in the marketFacter affecting retail shopee in the market
Facter affecting retail shopee in the market
flowerblight
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
Anil Talanki
 
Small business as mn cs
Small business as mn csSmall business as mn cs
Small business as mn cs
DrRevathigrdcsSCIB
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
tuki1
 
Models of consumer behaviour
Models of consumer behaviourModels of consumer behaviour
Models of consumer behaviour
Vikram g b
 

What's hot (20)

Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
 
Buying roles
Buying rolesBuying roles
Buying roles
 
factors affecting retail consumer decisions
factors affecting retail consumer decisionsfactors affecting retail consumer decisions
factors affecting retail consumer decisions
 
Consumer&business buying behavior
Consumer&business buying  behaviorConsumer&business buying  behavior
Consumer&business buying behavior
 
Decision making process
Decision making processDecision making process
Decision making process
 
Chapter6 analyzing consumer markets
Chapter6 analyzing consumer marketsChapter6 analyzing consumer markets
Chapter6 analyzing consumer markets
 
consumer behaviour basics
consumer behaviour basics consumer behaviour basics
consumer behaviour basics
 
Buying decision process in rural marketing
Buying decision process in rural marketingBuying decision process in rural marketing
Buying decision process in rural marketing
 
Introduction to Consumer Behavior
Introduction to Consumer BehaviorIntroduction to Consumer Behavior
Introduction to Consumer Behavior
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
 
Analyzing consumer markets 06
Analyzing consumer markets   06Analyzing consumer markets   06
Analyzing consumer markets 06
 
Consumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth ModelConsumer Behavior - Howard Sheth Model
Consumer Behavior - Howard Sheth Model
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
 
Howardshethmodel description
Howardshethmodel descriptionHowardshethmodel description
Howardshethmodel description
 
Cb 1 models of consumer behaviour
Cb 1 models of consumer behaviourCb 1 models of consumer behaviour
Cb 1 models of consumer behaviour
 
Facter affecting retail shopee in the market
Facter affecting retail shopee in the marketFacter affecting retail shopee in the market
Facter affecting retail shopee in the market
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
 
Small business as mn cs
Small business as mn csSmall business as mn cs
Small business as mn cs
 
Consumer behaviour
Consumer behaviourConsumer behaviour
Consumer behaviour
 
Models of consumer behaviour
Models of consumer behaviourModels of consumer behaviour
Models of consumer behaviour
 

Similar to Consumer behavior

M Marketing Slide share (1).pptx
M Marketing Slide share  (1).pptxM Marketing Slide share  (1).pptx
M Marketing Slide share (1).pptx
MarquetteCurington
 
1588517171-chapter-5-marketing.pdf
1588517171-chapter-5-marketing.pdf1588517171-chapter-5-marketing.pdf
1588517171-chapter-5-marketing.pdf
MohammadAlHomsi4
 
Consumer decision making process final
Consumer decision making process finalConsumer decision making process final
Consumer decision making process final
Vaishali Sehrawat
 
Chapter #5 marketing
Chapter #5 marketingChapter #5 marketing
Mrk2100 Point of View Slideshow
Mrk2100 Point of View SlideshowMrk2100 Point of View Slideshow
Mrk2100 Point of View Slideshow
BradTurner46
 
The Consumer Decision Process
The Consumer Decision Process The Consumer Decision Process
The Consumer Decision Process
RachitGupta374530
 
The Consumer Decision Process
The Consumer Decision ProcessThe Consumer Decision Process
The Consumer Decision Process
RachitGupta374530
 
Unit 3 marketing management
Unit 3 marketing managementUnit 3 marketing management
Unit 3 marketing management
Dnyan Bharti society/BMS,Dahanu
 
Consumer Decision Making Process
Consumer Decision Making ProcessConsumer Decision Making Process
Consumer Decision Making Process
unnati shah
 
Buyer behavior and market segmentation
Buyer behavior and market segmentationBuyer behavior and market segmentation
Buyer behavior and market segmentation
vaibhav04-2307
 
Foundations of Marketing Consumer: Behaviors
Foundations of Marketing Consumer: BehaviorsFoundations of Marketing Consumer: Behaviors
Foundations of Marketing Consumer: Behaviors
PhillipBrockman1
 
Consumer Behavior: The Psychology of Consumption
Consumer Behavior: The Psychology of ConsumptionConsumer Behavior: The Psychology of Consumption
Consumer Behavior: The Psychology of Consumption
BYB Marketing - Brand Yourself Better
 
Consumer Behaviour
Consumer BehaviourConsumer Behaviour
Consumer Behaviour
cpjcollege
 
Point of view slide share
Point of view slide sharePoint of view slide share
Point of view slide share
TannerThomas13
 
consumerdecisionmaking-150525074654-lva1-app6891.pptx
consumerdecisionmaking-150525074654-lva1-app6891.pptxconsumerdecisionmaking-150525074654-lva1-app6891.pptx
consumerdecisionmaking-150525074654-lva1-app6891.pptx
utsaveventplanners
 
Consumer behavior - Decision making & Types
Consumer behavior - Decision making & TypesConsumer behavior - Decision making & Types
Consumer behavior - Decision making & Types
viveksangwan007
 
Consumer Buying Process
Consumer Buying ProcessConsumer Buying Process
Consumer Buying Process
HannahFortner
 
5. Consumer Decision Making Process.pptx
5. Consumer Decision Making Process.pptx5. Consumer Decision Making Process.pptx
5. Consumer Decision Making Process.pptx
kaveeshasathsarani3
 
Consumer Decision Making Process
Consumer Decision Making ProcessConsumer Decision Making Process
Consumer Decision Making Process
NathanR161
 
Principles of marketing
Principles of marketingPrinciples of marketing
Principles of marketing
Shahrukh Niaz
 

Similar to Consumer behavior (20)

M Marketing Slide share (1).pptx
M Marketing Slide share  (1).pptxM Marketing Slide share  (1).pptx
M Marketing Slide share (1).pptx
 
1588517171-chapter-5-marketing.pdf
1588517171-chapter-5-marketing.pdf1588517171-chapter-5-marketing.pdf
1588517171-chapter-5-marketing.pdf
 
Consumer decision making process final
Consumer decision making process finalConsumer decision making process final
Consumer decision making process final
 
Chapter #5 marketing
Chapter #5 marketingChapter #5 marketing
Chapter #5 marketing
 
Mrk2100 Point of View Slideshow
Mrk2100 Point of View SlideshowMrk2100 Point of View Slideshow
Mrk2100 Point of View Slideshow
 
The Consumer Decision Process
The Consumer Decision Process The Consumer Decision Process
The Consumer Decision Process
 
The Consumer Decision Process
The Consumer Decision ProcessThe Consumer Decision Process
The Consumer Decision Process
 
Unit 3 marketing management
Unit 3 marketing managementUnit 3 marketing management
Unit 3 marketing management
 
Consumer Decision Making Process
Consumer Decision Making ProcessConsumer Decision Making Process
Consumer Decision Making Process
 
Buyer behavior and market segmentation
Buyer behavior and market segmentationBuyer behavior and market segmentation
Buyer behavior and market segmentation
 
Foundations of Marketing Consumer: Behaviors
Foundations of Marketing Consumer: BehaviorsFoundations of Marketing Consumer: Behaviors
Foundations of Marketing Consumer: Behaviors
 
Consumer Behavior: The Psychology of Consumption
Consumer Behavior: The Psychology of ConsumptionConsumer Behavior: The Psychology of Consumption
Consumer Behavior: The Psychology of Consumption
 
Consumer Behaviour
Consumer BehaviourConsumer Behaviour
Consumer Behaviour
 
Point of view slide share
Point of view slide sharePoint of view slide share
Point of view slide share
 
consumerdecisionmaking-150525074654-lva1-app6891.pptx
consumerdecisionmaking-150525074654-lva1-app6891.pptxconsumerdecisionmaking-150525074654-lva1-app6891.pptx
consumerdecisionmaking-150525074654-lva1-app6891.pptx
 
Consumer behavior - Decision making & Types
Consumer behavior - Decision making & TypesConsumer behavior - Decision making & Types
Consumer behavior - Decision making & Types
 
Consumer Buying Process
Consumer Buying ProcessConsumer Buying Process
Consumer Buying Process
 
5. Consumer Decision Making Process.pptx
5. Consumer Decision Making Process.pptx5. Consumer Decision Making Process.pptx
5. Consumer Decision Making Process.pptx
 
Consumer Decision Making Process
Consumer Decision Making ProcessConsumer Decision Making Process
Consumer Decision Making Process
 
Principles of marketing
Principles of marketingPrinciples of marketing
Principles of marketing
 

Recently uploaded

Efficient Website Management for Digital Marketing Pros
Efficient Website Management for Digital Marketing ProsEfficient Website Management for Digital Marketing Pros
Efficient Website Management for Digital Marketing Pros
Lauren Polinsky
 
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptx
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptxMindfulness Techniques Cultivating Calm in a Chaotic World.pptx
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptx
elizabethella096
 
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
PickUp_conversational AI_Capex, Inc._20240611
PickUp_conversational AI_Capex, Inc._20240611PickUp_conversational AI_Capex, Inc._20240611
PickUp_conversational AI_Capex, Inc._20240611
Shuntaro Kogame
 
Breaking Silos To Break Bank: Shattering The Divide Between Search And Social
Breaking Silos To Break Bank: Shattering The Divide Between Search And SocialBreaking Silos To Break Bank: Shattering The Divide Between Search And Social
Breaking Silos To Break Bank: Shattering The Divide Between Search And Social
Navah Hopkins
 
Mastering SEO for Google in the AI Era - Dennis Yu
Mastering SEO for Google in the AI Era - Dennis YuMastering SEO for Google in the AI Era - Dennis Yu
Gokila digital marketing| consultant| Coimbatore
Gokila digital marketing| consultant| CoimbatoreGokila digital marketing| consultant| Coimbatore
Gokila digital marketing| consultant| Coimbatore
dmgokila
 
Practical Progress from a Theory by Steven Kingpdf
Practical Progress from a Theory by Steven KingpdfPractical Progress from a Theory by Steven Kingpdf
Practical Progress from a Theory by Steven Kingpdf
william charnock
 
How to Make Your Trade Show Booth Stand Out
How to Make Your Trade Show Booth Stand OutHow to Make Your Trade Show Booth Stand Out
How to Make Your Trade Show Booth Stand Out
Blue Atlas Marketing
 
Growth Marketing in 2024 - Randy Rayess, Outgrow
Growth Marketing in 2024 - Randy Rayess,  OutgrowGrowth Marketing in 2024 - Randy Rayess,  Outgrow
Boost Your Instagram Views Instantly Proven Free Strategies.
Boost Your Instagram Views Instantly Proven Free Strategies.Boost Your Instagram Views Instantly Proven Free Strategies.
Boost Your Instagram Views Instantly Proven Free Strategies.
InstBlast Marketing
 
janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...
janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...
janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...
janudm24
 
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdfHow to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
SimpleMoneyMaker
 
Boost Your Instagram Views Instantly Proven Free Strategies.pptx
Boost Your Instagram Views Instantly Proven Free Strategies.pptxBoost Your Instagram Views Instantly Proven Free Strategies.pptx
Boost Your Instagram Views Instantly Proven Free Strategies.pptx
InstBlast Marketing
 
Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...
Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...
Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Global Growth Starts With Translation - How To Unlock Global Markets - Tim Kirby
Global Growth Starts With Translation - How To Unlock Global Markets - Tim KirbyGlobal Growth Starts With Translation - How To Unlock Global Markets - Tim Kirby
Global Growth Starts With Translation - How To Unlock Global Markets - Tim Kirby
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Get admission in various courses and boost your employment opportunities.
Get admission in various courses and boost your employment opportunities.Get admission in various courses and boost your employment opportunities.
Get admission in various courses and boost your employment opportunities.
complete knowledge
 
SEO in the AI Era - Trust, Quality and Content Discovery - Andy Crestodina
SEO in the AI Era - Trust, Quality and Content Discovery - Andy CrestodinaSEO in the AI Era - Trust, Quality and Content Discovery - Andy Crestodina
SEO in the AI Era - Trust, Quality and Content Discovery - Andy Crestodina
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...
Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...
Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 

Recently uploaded (20)

Efficient Website Management for Digital Marketing Pros
Efficient Website Management for Digital Marketing ProsEfficient Website Management for Digital Marketing Pros
Efficient Website Management for Digital Marketing Pros
 
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptx
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptxMindfulness Techniques Cultivating Calm in a Chaotic World.pptx
Mindfulness Techniques Cultivating Calm in a Chaotic World.pptx
 
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge...
 
PickUp_conversational AI_Capex, Inc._20240611
PickUp_conversational AI_Capex, Inc._20240611PickUp_conversational AI_Capex, Inc._20240611
PickUp_conversational AI_Capex, Inc._20240611
 
Breaking Silos To Break Bank: Shattering The Divide Between Search And Social
Breaking Silos To Break Bank: Shattering The Divide Between Search And SocialBreaking Silos To Break Bank: Shattering The Divide Between Search And Social
Breaking Silos To Break Bank: Shattering The Divide Between Search And Social
 
Amazing and On Point - Ramon Ray, USA TODAY
Amazing and On Point - Ramon Ray, USA TODAYAmazing and On Point - Ramon Ray, USA TODAY
Amazing and On Point - Ramon Ray, USA TODAY
 
Mastering SEO for Google in the AI Era - Dennis Yu
Mastering SEO for Google in the AI Era - Dennis YuMastering SEO for Google in the AI Era - Dennis Yu
Mastering SEO for Google in the AI Era - Dennis Yu
 
Gokila digital marketing| consultant| Coimbatore
Gokila digital marketing| consultant| CoimbatoreGokila digital marketing| consultant| Coimbatore
Gokila digital marketing| consultant| Coimbatore
 
Practical Progress from a Theory by Steven Kingpdf
Practical Progress from a Theory by Steven KingpdfPractical Progress from a Theory by Steven Kingpdf
Practical Progress from a Theory by Steven Kingpdf
 
How to Make Your Trade Show Booth Stand Out
How to Make Your Trade Show Booth Stand OutHow to Make Your Trade Show Booth Stand Out
How to Make Your Trade Show Booth Stand Out
 
Growth Marketing in 2024 - Randy Rayess, Outgrow
Growth Marketing in 2024 - Randy Rayess,  OutgrowGrowth Marketing in 2024 - Randy Rayess,  Outgrow
Growth Marketing in 2024 - Randy Rayess, Outgrow
 
Boost Your Instagram Views Instantly Proven Free Strategies.
Boost Your Instagram Views Instantly Proven Free Strategies.Boost Your Instagram Views Instantly Proven Free Strategies.
Boost Your Instagram Views Instantly Proven Free Strategies.
 
janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...
janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...
janani Digital Marketer|Digital Marketing consultant|Marketing Promotion|Coim...
 
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdfHow to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
How to Start Affiliate Marketing with ChatGPT- A Step-by-Step Guide (1).pdf
 
Boost Your Instagram Views Instantly Proven Free Strategies.pptx
Boost Your Instagram Views Instantly Proven Free Strategies.pptxBoost Your Instagram Views Instantly Proven Free Strategies.pptx
Boost Your Instagram Views Instantly Proven Free Strategies.pptx
 
Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...
Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...
Crafting Seamless B2B Customer Journeys - Strategies for Exceptional Experien...
 
Global Growth Starts With Translation - How To Unlock Global Markets - Tim Kirby
Global Growth Starts With Translation - How To Unlock Global Markets - Tim KirbyGlobal Growth Starts With Translation - How To Unlock Global Markets - Tim Kirby
Global Growth Starts With Translation - How To Unlock Global Markets - Tim Kirby
 
Get admission in various courses and boost your employment opportunities.
Get admission in various courses and boost your employment opportunities.Get admission in various courses and boost your employment opportunities.
Get admission in various courses and boost your employment opportunities.
 
SEO in the AI Era - Trust, Quality and Content Discovery - Andy Crestodina
SEO in the AI Era - Trust, Quality and Content Discovery - Andy CrestodinaSEO in the AI Era - Trust, Quality and Content Discovery - Andy Crestodina
SEO in the AI Era - Trust, Quality and Content Discovery - Andy Crestodina
 
Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...
Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...
Marketing in the Age of AI - Shifting CX from Monologue to Dialogue - Susan W...
 

Consumer behavior

  • 1. C O N S U M E R B E H AV I O R M A D I S O N H E F F E L F I N G E R
  • 2.
  • 3. T H E C O N S U M E R D E C I S I O N P R O C E S S
  • 4. N E E D R E C O G N I T I O N • Need recognition- when consumers recognize they have an unsatisfied need and would like to go from their actual, needy state to a different desired state • Functional needs- pertains to the performance of a product or service • Psychological needs- pertains to the personal gratification consumers associate with a product or service
  • 5. I N F O R M AT I O N S E A R C H • Information search– after the consumer recognizes a need, the next step is to search for information about the various options that exist to satisfy that need • Internal search for information- the buyer examines his or her own memory and knowledge about the product or service gathered through past experiences • External search for information- the buyer seeks information outside his or her personal knowledge base to help make the buying decision • Factors affecting consumers’ search processes: • The perceived benefits versus perceived costs of search • The locus of control • Actual or perceived risk
  • 6. A LT E R N AT I V E E VA L U AT I O N • Sifting through the choices available and evaluate the alternatives • Attribute sets- a consumer’s mind organizes and categorizes alternatives to aid his or her decision process • Sets include retrieval, universal, and evoked • Consumer Decision rules: • Compensatory- assumes that the consumer, when evaluating alternatives, trades off one characteristic against another, such that good characteristics compensate for bad characteristics • Noncompensatory- consumers choose a product or service based on one characteristic or one subset of a characteristic, regardless of the values of its other attributes • Choice Architecture- an effort to influence consumers through the design of the environments in which they make their choices
  • 7. P U R C H A S E A N D C O N S U M P T I O N • After evaluating the alternatives, customers are ready to buy • Conversion rate- measures how well retailers have converted purchase intentions into purchases
  • 8. P O S T- P U R C H A S E The final step of the decision-making process. There are three possible post-purchases outcomes. • Customer satisfaction • Post-purchase cognitive dissonance • Customer loyalty Negative word of mouth can also potentially occur post-purchase
  • 9. FA C T O R S I N F L U E N C I N G T H E C O N S U M E R D E C I S I O N P R O C E S S
  • 10. P S Y C H O L O G I C A L F A C T O R S • Factors that affect the way people receive marketers’ messages • Motives- need or want that is strong enough to cause the person to seek satisfaction • Maslow’s Hierarchy of Needs • Attitude- a person’s enduring evaluation of his or her feelings about and behavioral tendencies toward an object or idea • Perceptions- the process by which we select, organize, and interpret information to form a meaningful picture of the world • Learning and Memory- • Learning- change in a person’s thought process or behavior that arises from experience and takes place throughout the consumer decision process • Memory- information that has been acquired and stored in the brain, to be available and utilized when needed • Lifestyle- the way consumers spend their time and money to live
  • 11. S O C I A L FA C T O R S • The external social environment that influences purchase decisions • Family- many purchase decisions are made about products and services that the entire family will consume or use • Reference Groups- one or more persons whom an individual uses as a basis for comparison regarding beliefs, feelings, and behaviors • Culture- shared meanings, beliefs, morals, values, and customs of a group of people
  • 12. S I T U AT I O N A L FA C T O R S • Factors specific to a situation that override or at least influence psychological and social issues • Purchase situation- customers may be predisposed to purchase certain products or services because of some underlying psychological trait or social factor • Sensory situation- when a customer enters a store, various sensory aspects influence his or her decisions • Temporal state- our state of mind at any time can alter our preconceived notions of what we are going to purchase
  • 13. T H E E N D