Income,social class and family structure
1. Income Patterns
2. Consumer Confidence
3. Social Class
4. Dominance-submission hierarchy
5. Achieved Status
6. Ascribed Status
7. Social Mobility
This document discusses KFC's marketing mix strategies. It provides details on KFC's products, including chicken pieces, wraps, salads and sandwiches. It discusses KFC's target market of upper and middle classes. It also discusses KFC's geographic segmentation strategy of tailoring products to different regions in India. Finally, it briefly mentions KFC's place strategy of making products available to consumers.
This chapter introduces management concepts. It defines management as planning, organizing, leading and controlling organizational resources to efficiently and effectively achieve goals. The four management functions and fundamental skills are discussed. Management involves both science, through logical problem-solving, and art, through personal insights.
The chapter then covers the historical evolution of management perspectives from classical, which focused on efficiency and structure, to behavioral, which emphasized human factors, to quantitative, applying mathematical models, to current systems and contingency approaches. Contemporary challenges for managers are also outlined.
The document discusses competitive dynamics and competitor analysis. It provides a comprehensive model of global competitive dynamics that considers industry-based, resource-based, and institutional-based perspectives. Industry-based perspectives focus on factors that enable collusion between firms, such as concentration, product homogeneity, and entry barriers. Resource-based perspectives examine how a firm's valuable and rare resources can provide competitive advantages. Institutional perspectives look at how formal institutions like antitrust policies govern competition domestically and internationally through rules around pricing, dumping, and export cartels.
Chpt 05 psychological influences on price sensitivityMoises Cielak
The document discusses various psychological factors that influence customers' perceptions of price sensitivity. It explains that purely quantitative pricing methods are insufficient as value is subjective. It explores how the human brain acts as a predictive machine and relies on heuristics. Several behavioral effects that can decrease price sensitivity are described, including the shared cost effect, switching costs, expenditure effect, and difficult comparison effect. Specific influences like prices ending in 9 and fairness perceptions are also covered. The document advocates understanding customer decision biases rather than attempting to correct behavior.
Place and Development of Channel SystemsZubair Arshad
This document discusses channel systems and place decisions in marketing. It covers several key points:
Place decisions are an important part of marketing strategy and are guided by ideal place objectives. The channel system can be direct or indirect, and the best system achieves ideal market exposure through intensive, selective, or exclusive distribution. Channel relationships must be managed through issues like conflict handling and common objectives. Vertical arrangements between different levels of a channel may be legal, while horizontal arrangements between competitors at the same level are illegal. Finally, complex channel systems can range from traditional to vertically integrated systems that focus on the final customer.
It's a B2B and a B2C case where revenue comes from advertising and also from people. Case analysis of fashion channel with the interpretation of Demographic and attitudinal cluster analysis, problems pertaining to TFC, studying the solutions to the problems and answered to why "Dual targeting" ?
The document discusses strategic analysis and industry/competitive analysis. It provides an overview of the key components of strategic analysis including assessing the external environment, industry conditions, competitors, and a company's internal resources. It then discusses the 7 questions that should be answered when conducting industry and competitive analysis: 1) industry's economic traits, 2) competitive forces, 3) drivers of industry change, 4) competitive positions of rivals, 5) competitive moves of rivals, 6) key success factors, and 7) overall industry attractiveness.
Annie's is looking to grow organically by targeting prime prospect households. They will focus on brand awareness of Annie's as a healthy brand and adding convenience to boost sales of new frozen product lines like lasagna, ravioli, and sesame chicken with 70% or more organic ingredients. Annie's marketing mix will use promotions and advertising in traditional and social media, along with seasonal discounts, to promote the new products and drive sales at grocery and mass retailers where prime prospects shop. The goal is to take advantage of growth in frozen categories and household purchasing habits around health and convenience.
This document discusses KFC's marketing mix strategies. It provides details on KFC's products, including chicken pieces, wraps, salads and sandwiches. It discusses KFC's target market of upper and middle classes. It also discusses KFC's geographic segmentation strategy of tailoring products to different regions in India. Finally, it briefly mentions KFC's place strategy of making products available to consumers.
This chapter introduces management concepts. It defines management as planning, organizing, leading and controlling organizational resources to efficiently and effectively achieve goals. The four management functions and fundamental skills are discussed. Management involves both science, through logical problem-solving, and art, through personal insights.
The chapter then covers the historical evolution of management perspectives from classical, which focused on efficiency and structure, to behavioral, which emphasized human factors, to quantitative, applying mathematical models, to current systems and contingency approaches. Contemporary challenges for managers are also outlined.
The document discusses competitive dynamics and competitor analysis. It provides a comprehensive model of global competitive dynamics that considers industry-based, resource-based, and institutional-based perspectives. Industry-based perspectives focus on factors that enable collusion between firms, such as concentration, product homogeneity, and entry barriers. Resource-based perspectives examine how a firm's valuable and rare resources can provide competitive advantages. Institutional perspectives look at how formal institutions like antitrust policies govern competition domestically and internationally through rules around pricing, dumping, and export cartels.
Chpt 05 psychological influences on price sensitivityMoises Cielak
The document discusses various psychological factors that influence customers' perceptions of price sensitivity. It explains that purely quantitative pricing methods are insufficient as value is subjective. It explores how the human brain acts as a predictive machine and relies on heuristics. Several behavioral effects that can decrease price sensitivity are described, including the shared cost effect, switching costs, expenditure effect, and difficult comparison effect. Specific influences like prices ending in 9 and fairness perceptions are also covered. The document advocates understanding customer decision biases rather than attempting to correct behavior.
Place and Development of Channel SystemsZubair Arshad
This document discusses channel systems and place decisions in marketing. It covers several key points:
Place decisions are an important part of marketing strategy and are guided by ideal place objectives. The channel system can be direct or indirect, and the best system achieves ideal market exposure through intensive, selective, or exclusive distribution. Channel relationships must be managed through issues like conflict handling and common objectives. Vertical arrangements between different levels of a channel may be legal, while horizontal arrangements between competitors at the same level are illegal. Finally, complex channel systems can range from traditional to vertically integrated systems that focus on the final customer.
It's a B2B and a B2C case where revenue comes from advertising and also from people. Case analysis of fashion channel with the interpretation of Demographic and attitudinal cluster analysis, problems pertaining to TFC, studying the solutions to the problems and answered to why "Dual targeting" ?
The document discusses strategic analysis and industry/competitive analysis. It provides an overview of the key components of strategic analysis including assessing the external environment, industry conditions, competitors, and a company's internal resources. It then discusses the 7 questions that should be answered when conducting industry and competitive analysis: 1) industry's economic traits, 2) competitive forces, 3) drivers of industry change, 4) competitive positions of rivals, 5) competitive moves of rivals, 6) key success factors, and 7) overall industry attractiveness.
Annie's is looking to grow organically by targeting prime prospect households. They will focus on brand awareness of Annie's as a healthy brand and adding convenience to boost sales of new frozen product lines like lasagna, ravioli, and sesame chicken with 70% or more organic ingredients. Annie's marketing mix will use promotions and advertising in traditional and social media, along with seasonal discounts, to promote the new products and drive sales at grocery and mass retailers where prime prospects shop. The goal is to take advantage of growth in frozen categories and household purchasing habits around health and convenience.
TRI operates in the fast food industry, primarily in Asia. A PESTEL analysis found opportunities from economic growth in Asia but also threats from political instability, currency fluctuations, and regional economic crises. Porter's five forces showed high competitive rivalry and threat of substitutes. TRI has strategic capabilities in standardized operations across markets and maintaining corporate culture. However, products have low differentiation in an industry with high buyer power and switching costs. TRI pursues a cost leadership strategy internationally to gain market share in this competitive environment.
The document discusses the model of perfect competition. It outlines the key assumptions behind a perfectly competitive market, including many suppliers and buyers, homogeneous products, perfect information and no barriers to entry or exit. It also examines characteristics such as firms being price takers. The model shows how markets reach a long-run equilibrium where price equals average cost and normal profits are earned. Perfect competition is said to promote both productive and allocative efficiency. However, the model is largely theoretical as very few real world markets exhibit all the strict assumptions of perfect competition.
Exploring brand person relationship group4Arjun Choudhry
The document profiles 3 consumers - Jean, Karen, and Vicky - and examines their relationships and brand associations. It finds that Jean has the strongest brand relationships due to her experience testing various brands and loyalty. Karen's relationships vary more based on price and influence from others. Vicki seeks variety but maintains consistency with brands that provide social value or status.
The document discusses the development and marketing plan for Metabical, a new weight loss drug launching in January 2009. It outlines the target consumer as overweight individuals with a BMI of 25-30, and describes a marketing strategy focusing on advertising to consumers and healthcare providers, promotions, public relations events, and a sales force visiting doctors' offices. The plan aims to establish Metabical as a safe and effective short-term treatment option supported by a lifestyle program.
Cola war continues: Coke and Pepsi 21st century and battle for Internationa...Sulabh Subedi
This document provides background information on the consumption of carbonated soft drinks (CSDs) in the United States from 1970 to 2010. It discusses the history of Coca-Cola and Pepsi, how CSDs are produced and distributed, Porter's five forces analysis of the CSD industry, and the strategic approaches taken by Coke and Pepsi over two stages from 1970 to 2010. It also analyzes the entry and competition between Coke and Pepsi in the Indian market.
Competitive strategies aim to attract customers, withstand competition, and strengthen market position by exploiting competitive advantages. There are three generic competitive strategies: cost leadership, differentiation, and focus. Cost leadership involves having the lowest costs in the industry while differentiation involves offering unique products/services. Focus strategy pursues either approach but in a narrow customer segment. Functional strategies play a key role in determining and implementing the overall competitive strategy.
This document provides an overview of monopolistic competition and oligopoly market structures. It discusses key characteristics of each including:
1) Monopolistic competition is characterized by many small sellers, differentiated products, and easy entry and exit. Firms compete through non-price factors like advertising and product quality.
2) Oligopoly is dominated by a few large firms producing either homogeneous or differentiated products. Entry is difficult due to barriers like economies of scale. Firms must consider competitors' potential reactions in their pricing decisions.
3) Game theory, such as the prisoner's dilemma, can model strategic interactions between oligopolistic competitors who are mutually interdependent. Firms must choose strategies without communicating directly with rivals.
The document discusses red ocean strategy versus blue ocean strategy. It summarizes research showing that ventures focused on new business opportunities and blue ocean strategy (14% of launches) generated more profits (61% of total) and revenues (28%) compared to ventures focused on existing industries and red ocean strategy (86% of launches). Blue ocean strategy aims to create new market space by eliminating or reducing factors that competitors offer, and introducing new factors not offered by competitors. This is illustrated using Southwest Airlines as an example, which reduced factors like meals and luggage transport, while raising factors like flight frequency and destinations to create an attractive new value proposition for customers.
This document provides an overview of Engadget, a technology news and media website. It discusses Engadget's readership numbers, which include over 10 million monthly unique visitors in the US. The document also outlines Engadget's editorial focus on consumer technology and how it impacts people's lives. It notes Engadget's growth since being founded in 2004 and its focus on reaching mainstream audiences as technology has become more ubiquitous.
The document contains data on household photofilm purchases in 1993. It shows that 70% of households purchased less than 5 rolls of film per year, while only 5% purchased more than 25 rolls. It also shows that Kodak dominated the market in 1993 with 70% share, followed by Fuji with 11% and Polaroid with 4%. A line graph depicts Kodak's market share growing from 61.8% in 1989 to 67% in 1993, while the overall market declined.
Hyundai is launching the new Genesis model to target the premium car market and move away from its past strategy of focusing on low cost. To gain a competitive advantage, firms can pursue either a low cost strategy, differentiation strategy, or focused strategy. Michael Porter's model outlines how firms can analyze their value chain activities to lower relative costs or create unique differentiation to deliver extra value for customers.
Crafting the Brand Positioning
Developing & Establishing a Brand Positioning
Points-of-difference
Points-of-parity
Brand Mantras
Communicating Category Membership
Consumer Desirability Criteria for PODs
Deliverability Criteria for PODs
Differentiation Strategies
Positioning and Branding a Small Business
The document summarizes a marketing plan for Metabical, a new weight loss drug. It discusses target consumers as moderately overweight individuals, and competitors include Alli and herbal supplements. The plan outlines advertising focusing on health risks of excess weight, a sales force of 32 representatives, and supporting programs to encourage lifestyle changes. The budget allocates most funds to marketing in the drug's first year to establish brand awareness and trial among the target segment.
This document outlines competitive strategies for different market positions: market leader, challenger, follower, and nicher.
For market leaders, the strategies discussed are expanding total market demand through new customers, new uses, and more usage. Defensive strategies include positioning defense, flank defense, counteroffensive defense, mobile defense, and contraction defense. Offensive strategies for leaders center around increasing market share through advertising, distribution, pricing, new products, and mergers/acquisitions.
Challengers are advised to directly attack the market leader through price discounts, innovation, distribution changes, and advertising. Specific challenger attacks discussed include flank attacks, encirclement attacks, bypass attacks, frontal attacks, and guerilla attacks
This document discusses customer-centered brand management. It defines a brand as a consumer's perception that gives identity to a company's products and creates emotional associations. A brand signifies a relationship with customers and is a company's most valuable asset. The document discusses how brand perceptions can change tastes, as with Coke and Pepsi. It emphasizes focusing on customer equity over brand equity and managing brands to maximize the lifetime value of customers. Brands should be managed based on customer needs rather than product similarities. The value of a brand depends on individual customers.
Metabical is claimed to be a safe and effective weight loss drug. The case study describe the analysis of marketing strategy used to introduce the drug in the market and also establish a viable positioning for the product.
The document provides a marketing plan for The Economist magazine to increase its female readership among 21-29 year olds in the UK. The plan includes launching pop-up shops on university campuses, a social media campaign, and offering discounted digital subscriptions for students. It sets targets to acquire 11% more subscribers and shift perceptions of the magazine from neutral to positive among young people by the end of 2017. Metrics like retention rates, acquisition costs, and return on investment will evaluate the campaign's success.
This document compares McDonald's and Subway by outlining their strengths, weaknesses, opportunities, and threats. McDonald's strengths include its large market share and brand value, while its weaknesses are its unhealthy menu and high employee turnover. Subway's strengths are its "Eat Fresh" slogan, large number of stores, and low startup costs for franchises, though it struggles with franchisee control and employee retention. Both companies face opportunities in new products and delivery but threats from competition, trends toward healthy options, and saturated markets.
Module II [demographics and social starti.pptxAarti Katyal
This document provides an overview of topics that will be covered in a course on consumer behavior, including demographics, social stratification, social groups, and family influence. It discusses how social class, reference groups, and family life cycles can impact consumer behavior. Various models of consumer behavior and social comparison theory are also mentioned. Marketing strategies are suggested that could appeal to different social classes, leverage reference group influence, and target different family life stages.
This document summarizes a presentation by Dan Lundquist on the challenges facing higher education and the need for leadership and change. It notes that while other industries are proactively transforming, higher education has been slow to change. Rising costs are exceeding families' ability and willingness to pay as the current business model becomes unsustainable. The presentation argues that waiting for market or regulatory forces will not create meaningful solutions and that higher education leaders must accept responsibility to creatively address these challenges from a position of strength. Examples of colleges taking bold steps through measures like tuition freezes, need-blind policy changes, and new academic models are provided. The choice, according to the presentation, is for higher education to lead purposeful realignment rather than
TRI operates in the fast food industry, primarily in Asia. A PESTEL analysis found opportunities from economic growth in Asia but also threats from political instability, currency fluctuations, and regional economic crises. Porter's five forces showed high competitive rivalry and threat of substitutes. TRI has strategic capabilities in standardized operations across markets and maintaining corporate culture. However, products have low differentiation in an industry with high buyer power and switching costs. TRI pursues a cost leadership strategy internationally to gain market share in this competitive environment.
The document discusses the model of perfect competition. It outlines the key assumptions behind a perfectly competitive market, including many suppliers and buyers, homogeneous products, perfect information and no barriers to entry or exit. It also examines characteristics such as firms being price takers. The model shows how markets reach a long-run equilibrium where price equals average cost and normal profits are earned. Perfect competition is said to promote both productive and allocative efficiency. However, the model is largely theoretical as very few real world markets exhibit all the strict assumptions of perfect competition.
Exploring brand person relationship group4Arjun Choudhry
The document profiles 3 consumers - Jean, Karen, and Vicky - and examines their relationships and brand associations. It finds that Jean has the strongest brand relationships due to her experience testing various brands and loyalty. Karen's relationships vary more based on price and influence from others. Vicki seeks variety but maintains consistency with brands that provide social value or status.
The document discusses the development and marketing plan for Metabical, a new weight loss drug launching in January 2009. It outlines the target consumer as overweight individuals with a BMI of 25-30, and describes a marketing strategy focusing on advertising to consumers and healthcare providers, promotions, public relations events, and a sales force visiting doctors' offices. The plan aims to establish Metabical as a safe and effective short-term treatment option supported by a lifestyle program.
Cola war continues: Coke and Pepsi 21st century and battle for Internationa...Sulabh Subedi
This document provides background information on the consumption of carbonated soft drinks (CSDs) in the United States from 1970 to 2010. It discusses the history of Coca-Cola and Pepsi, how CSDs are produced and distributed, Porter's five forces analysis of the CSD industry, and the strategic approaches taken by Coke and Pepsi over two stages from 1970 to 2010. It also analyzes the entry and competition between Coke and Pepsi in the Indian market.
Competitive strategies aim to attract customers, withstand competition, and strengthen market position by exploiting competitive advantages. There are three generic competitive strategies: cost leadership, differentiation, and focus. Cost leadership involves having the lowest costs in the industry while differentiation involves offering unique products/services. Focus strategy pursues either approach but in a narrow customer segment. Functional strategies play a key role in determining and implementing the overall competitive strategy.
This document provides an overview of monopolistic competition and oligopoly market structures. It discusses key characteristics of each including:
1) Monopolistic competition is characterized by many small sellers, differentiated products, and easy entry and exit. Firms compete through non-price factors like advertising and product quality.
2) Oligopoly is dominated by a few large firms producing either homogeneous or differentiated products. Entry is difficult due to barriers like economies of scale. Firms must consider competitors' potential reactions in their pricing decisions.
3) Game theory, such as the prisoner's dilemma, can model strategic interactions between oligopolistic competitors who are mutually interdependent. Firms must choose strategies without communicating directly with rivals.
The document discusses red ocean strategy versus blue ocean strategy. It summarizes research showing that ventures focused on new business opportunities and blue ocean strategy (14% of launches) generated more profits (61% of total) and revenues (28%) compared to ventures focused on existing industries and red ocean strategy (86% of launches). Blue ocean strategy aims to create new market space by eliminating or reducing factors that competitors offer, and introducing new factors not offered by competitors. This is illustrated using Southwest Airlines as an example, which reduced factors like meals and luggage transport, while raising factors like flight frequency and destinations to create an attractive new value proposition for customers.
This document provides an overview of Engadget, a technology news and media website. It discusses Engadget's readership numbers, which include over 10 million monthly unique visitors in the US. The document also outlines Engadget's editorial focus on consumer technology and how it impacts people's lives. It notes Engadget's growth since being founded in 2004 and its focus on reaching mainstream audiences as technology has become more ubiquitous.
The document contains data on household photofilm purchases in 1993. It shows that 70% of households purchased less than 5 rolls of film per year, while only 5% purchased more than 25 rolls. It also shows that Kodak dominated the market in 1993 with 70% share, followed by Fuji with 11% and Polaroid with 4%. A line graph depicts Kodak's market share growing from 61.8% in 1989 to 67% in 1993, while the overall market declined.
Hyundai is launching the new Genesis model to target the premium car market and move away from its past strategy of focusing on low cost. To gain a competitive advantage, firms can pursue either a low cost strategy, differentiation strategy, or focused strategy. Michael Porter's model outlines how firms can analyze their value chain activities to lower relative costs or create unique differentiation to deliver extra value for customers.
Crafting the Brand Positioning
Developing & Establishing a Brand Positioning
Points-of-difference
Points-of-parity
Brand Mantras
Communicating Category Membership
Consumer Desirability Criteria for PODs
Deliverability Criteria for PODs
Differentiation Strategies
Positioning and Branding a Small Business
The document summarizes a marketing plan for Metabical, a new weight loss drug. It discusses target consumers as moderately overweight individuals, and competitors include Alli and herbal supplements. The plan outlines advertising focusing on health risks of excess weight, a sales force of 32 representatives, and supporting programs to encourage lifestyle changes. The budget allocates most funds to marketing in the drug's first year to establish brand awareness and trial among the target segment.
This document outlines competitive strategies for different market positions: market leader, challenger, follower, and nicher.
For market leaders, the strategies discussed are expanding total market demand through new customers, new uses, and more usage. Defensive strategies include positioning defense, flank defense, counteroffensive defense, mobile defense, and contraction defense. Offensive strategies for leaders center around increasing market share through advertising, distribution, pricing, new products, and mergers/acquisitions.
Challengers are advised to directly attack the market leader through price discounts, innovation, distribution changes, and advertising. Specific challenger attacks discussed include flank attacks, encirclement attacks, bypass attacks, frontal attacks, and guerilla attacks
This document discusses customer-centered brand management. It defines a brand as a consumer's perception that gives identity to a company's products and creates emotional associations. A brand signifies a relationship with customers and is a company's most valuable asset. The document discusses how brand perceptions can change tastes, as with Coke and Pepsi. It emphasizes focusing on customer equity over brand equity and managing brands to maximize the lifetime value of customers. Brands should be managed based on customer needs rather than product similarities. The value of a brand depends on individual customers.
Metabical is claimed to be a safe and effective weight loss drug. The case study describe the analysis of marketing strategy used to introduce the drug in the market and also establish a viable positioning for the product.
The document provides a marketing plan for The Economist magazine to increase its female readership among 21-29 year olds in the UK. The plan includes launching pop-up shops on university campuses, a social media campaign, and offering discounted digital subscriptions for students. It sets targets to acquire 11% more subscribers and shift perceptions of the magazine from neutral to positive among young people by the end of 2017. Metrics like retention rates, acquisition costs, and return on investment will evaluate the campaign's success.
This document compares McDonald's and Subway by outlining their strengths, weaknesses, opportunities, and threats. McDonald's strengths include its large market share and brand value, while its weaknesses are its unhealthy menu and high employee turnover. Subway's strengths are its "Eat Fresh" slogan, large number of stores, and low startup costs for franchises, though it struggles with franchisee control and employee retention. Both companies face opportunities in new products and delivery but threats from competition, trends toward healthy options, and saturated markets.
Module II [demographics and social starti.pptxAarti Katyal
This document provides an overview of topics that will be covered in a course on consumer behavior, including demographics, social stratification, social groups, and family influence. It discusses how social class, reference groups, and family life cycles can impact consumer behavior. Various models of consumer behavior and social comparison theory are also mentioned. Marketing strategies are suggested that could appeal to different social classes, leverage reference group influence, and target different family life stages.
This document summarizes a presentation by Dan Lundquist on the challenges facing higher education and the need for leadership and change. It notes that while other industries are proactively transforming, higher education has been slow to change. Rising costs are exceeding families' ability and willingness to pay as the current business model becomes unsustainable. The presentation argues that waiting for market or regulatory forces will not create meaningful solutions and that higher education leaders must accept responsibility to creatively address these challenges from a position of strength. Examples of colleges taking bold steps through measures like tuition freezes, need-blind policy changes, and new academic models are provided. The choice, according to the presentation, is for higher education to lead purposeful realignment rather than
NACAC 2012: Lunch with Lawlor Presentation "Enrollment as a Lens on the Fu…Dan Lundquist
The document discusses the challenges facing higher education institutions including an unsustainable cost model meeting unwilling markets. It notes many leaders in denial about needed changes. Healthcare and arts organizations are experimenting with new models while higher education focuses on strategies like MOOCs that don't address core issues. Data shows families increasingly choosing lower-cost second choice schools. The presentation argues leaders must accept responsibility and lead creative changes from a position of strength rather than wait for market or government forces to force changes.
The document discusses segmenting college alumni based on their motivations for donating. It describes research conducted to develop a lifestyle segmentation model for alumni based on surveys of over 2,000 college alumni. The research identified three key segments - Champions, Friends, and Acquaintances. Champions are the most engaged with their alma mater and make the largest donations on average. Friends donate substantial amounts but to multiple charities. Acquaintances have low engagement and donation rates. The document recommends colleges prioritize targeting and developing relationships with Champions and Friends as they have the most potential for increased donations and engagement. Targeting should be based on understanding the different motivations of each segment.
This document discusses marketing strategies for targeting different generations of consumers. It outlines the key characteristics of Baby Boomers, Generation X, Generation Y, and Generation Z. Brands must understand the unique behaviors and preferences of each generation in order to build loyalty. While brand loyalty is difficult to maintain given changing consumer attitudes, opportunities exist for brands that focus on innovation, customization, and using technology like social media to enhance the customer experience. Successful multigenerational marketing allows brands to appeal to multiple age groups.
This document provides an overview of consumer and business buyer behavior. It discusses the key factors that influence consumer behavior, including cultural, social, personal and psychological factors. It also outlines the five stages of the consumer decision process: need recognition, information search, evaluation of alternatives, purchase decision and post-purchase behavior. The document then discusses the adoption process for new products and categorizes different types of adopters. It defines business markets and contrasts business and consumer buying behavior. The major influences on and stages of the business buying process are also summarized.
Enrollment Mgt in Time of Challenge & ChangeDan Lundquist
The document discusses enrollment management challenges facing colleges. It begins by outlining questions around what enrollment management is and should be. It then analyzes the current market situation, noting declining ability and willingness to pay for college among families. Internally, survey data shows enrollment managers view their roles as tactical rather than strategic. The document calls for enrollment managers to share their knowledge strategically, advocate for affordability and sustainability, and model a new dynamic role to benefit all stakeholders. It concludes enrollment management must become a true partnership and intellectual capital is needed to navigate the "perfect storm" of rising costs and falling revenues.
Fighting Poverty in Urban America_Damontwuniversity
The document discusses strategies for fighting poverty in urban America, including improving education, job training programs, and the Harlem Children's Zone program. It notes that poverty is often a cycle caused by lack of income, inadequate education, and lack skills leading to unemployment. The Harlem Children' Zone program provides after-school programs, "Baby College" parenting classes, and other supports to help break this cycle for children in Harlem and promote their success in school and beyond. The results showed high rates of participants enrolling in and being accepted to college with millions in scholarship funds.
This document provides an overview of key concepts regarding social and cultural environments for global marketing. It discusses how culture influences consumer behavior and marketing activities. Some of the main topics covered include Hofstede's cultural dimensions, high- versus low-context cultures, cultural values and symbols, religion, aesthetics, language, and theories around diffusion of innovations and environmental sensitivity. The document emphasizes that marketers must understand local cultures to effectively operate in global markets.
Personality and Lifestyle by Soloman
1. Personality
2. Freudian Systems
3. Freudian Theory
4. Motivational Research
5. Dichter’s Consumption Motives
6. Non-Freudian Theories
7. Trait Theory
This document discusses various theories of personality and how they relate to consumer behavior and marketing. It covers Freudian concepts of the id, ego and superego and how unconscious motives can influence purchases. It also discusses other theories like trait theory and how personality traits can predict media usage. Market research techniques are presented for understanding psychographics, lifestyles and values that influence consumer choices and how they can be used to segment markets and position brands.
This document discusses the relationship between social class and educational outcomes in the United States. It defines social class and finds that student achievement is more correlated with family social class than school characteristics. Students from lower socioeconomic classes typically attend lower resourced schools with teachers holding different expectations. Programs aim to close gaps and increase opportunities for lower class students to achieve their dreams through education, but bridging differences requires effort from governments, schools, teachers, students, and families.
This document discusses various subcultures and how they relate to consumer behavior. It defines subculture as a distinct group within a larger society and explores examples like nationality (discussing Hispanics), religious, regional, racial, age-based (generations, older consumers), gender-based and working women subcultures. Each subculture exhibits trends in consumer preferences, brand loyalty, media usage and spending habits. The document stresses the importance for marketers to understand how multiple, overlapping subcultural identities influence consumer behavior.
The document discusses various aspects of a firm's socio-cultural environment including levels of education, occupation, lifestyles, cultural traits and values, tastes and preferences, behavior, social networks, and social class. It provides details on education levels in the Philippines and the advantages of education for employers, workers, and a nation's economy. Occupation is defined in terms of work experience and socioeconomic status. Lifestyles reflect individual identity and cultural symbols. Core Filipino cultural traits center around social harmony and values of hiya and amor propio. Social networks and institutions govern social cooperation and behavior within communities. Social class refers to hierarchical social categories such as upper, middle, and lower classes.
This document discusses marketing strategies for reaching baby boomers and seniors aged 50+. It begins by noting that boomers have a "forever young" mentality and outlines generational cohorts by birth years. The focus is on boomers and pre-boomers, who total 119 million Americans aged 50+. They are described as having significant spending power and outspending other generations. Their online habits, including time spent online and use of social media, are also discussed. The psychology of boomers emphasizes themes of turmoil, empowerment, altruism and maintaining aspirations of being "crazy, sexy, cool". The document concludes with recommendations to use aspirational imagery and digital marketing while avoiding stereotypes when marketing to boomers.
Similar to Income,social class and family structure (20)
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.