The consumer decision making process involves several steps:
1) Problem recognition occurs when a consumer perceives a need and becomes motivated to solve it, which can come from being out of stock, dissatisfaction, new needs/wants, related purchases, or marketing.
2) Information search happens as consumers look for information from personal sources like friends, market sources like advertisements, and public sources to inform their purchase decision.
3) Evaluation of alternatives involves consumers comparing different brands or products based on attributes to determine which options can best solve their problem or need.
4) The purchase decision is made after integrating information through heuristics and forming purchase intentions regarding specific brands.
CONSUMER BEHAVIOUR is an important concept when it comes to marketing. Therefore, consumer involvement in the product also plays an important role in understanding consumer behaviour. The slides share in-depth explanation about what is consumer involvement
Consumer behavior refers to the selection, purchase and consumption of goods and services for the satisfaction of their wants. There are different processes involved in the consumer behavior. Initially the consumer tries to find what commodities he would like to consume, then he selects only those commodities that promise greater utility. After selecting the commodities, the consumer makes an estimate of the available money which he can spend. Lastly, the consumer analyzes the prevailing prices of commodities and takes the decision about the commodities he should consume.
Introduction to Consumer Behaviour; Consumer Behaviour
and Marketing Strategy; Consumer Involvement – Levels
of involvement, and Decision Making
Consumer Decision Process – Stages in Decision Process,
Information Search Process; Evaluative Criteria and
Decision Rules, Consumer Motivation – Types of Consumer
Needs, Ways of Motivating Consumers. Information
Processing and Consumer Perception.
Consumer Attitudes and Attitude Change; Influence of
Personality and Self Concept on Buying Behaviour,
Psychographics and Lifestyles, Impuse Buying.
Diffusion of Innovation and Opinion Leadership, Family
Decision Making, Influence of Reference Group
Industrial Buying Behaviour– Process and factors, Models
of Consumer Behaviour – Harward Seth, Nicosia, E& D,
Economic Model; Introduction to Consumer Behaviour
Audit; Consumer Behaviour Studies in India
CONSUMER BEHAVIOUR is an important concept when it comes to marketing. Therefore, consumer involvement in the product also plays an important role in understanding consumer behaviour. The slides share in-depth explanation about what is consumer involvement
Consumer behavior refers to the selection, purchase and consumption of goods and services for the satisfaction of their wants. There are different processes involved in the consumer behavior. Initially the consumer tries to find what commodities he would like to consume, then he selects only those commodities that promise greater utility. After selecting the commodities, the consumer makes an estimate of the available money which he can spend. Lastly, the consumer analyzes the prevailing prices of commodities and takes the decision about the commodities he should consume.
Introduction to Consumer Behaviour; Consumer Behaviour
and Marketing Strategy; Consumer Involvement – Levels
of involvement, and Decision Making
Consumer Decision Process – Stages in Decision Process,
Information Search Process; Evaluative Criteria and
Decision Rules, Consumer Motivation – Types of Consumer
Needs, Ways of Motivating Consumers. Information
Processing and Consumer Perception.
Consumer Attitudes and Attitude Change; Influence of
Personality and Self Concept on Buying Behaviour,
Psychographics and Lifestyles, Impuse Buying.
Diffusion of Innovation and Opinion Leadership, Family
Decision Making, Influence of Reference Group
Industrial Buying Behaviour– Process and factors, Models
of Consumer Behaviour – Harward Seth, Nicosia, E& D,
Economic Model; Introduction to Consumer Behaviour
Audit; Consumer Behaviour Studies in India
Chap 5,source message & channel factor in IMCRajesh Kumar
This slide will give overview regarding selection of source, screening message & identify the channel factor which will be best suited for advertising agency. for more visit www.marketingandbrandingguru.com
Chap 5,source message & channel factor in IMCRajesh Kumar
This slide will give overview regarding selection of source, screening message & identify the channel factor which will be best suited for advertising agency. for more visit www.marketingandbrandingguru.com
Consumer Behavior- meaning, nature and importance, Factors influencing consumer behavior, Buying Behavior process. Market Segmentation- meaning and need Bases for market segmentation, Requisites for effective segmentation, Steps in segmentation process, Targeting- meaning, strategies, Positioning- meaning and types
3. Problem recognition
Occurs when the consumer perceives a need and becomes
motivated to solve the problem.
Sources of Problem Recognition:
Out of stock – consumers use their existing supply and it must be
replenished
Dissatisfaction – consumers become dissatisfied with the current
state of affairs and/or product being used
New needs/wants – changes in consumers’ lives often result in new
needs/wants
Related products/purchases – other needs are stimulated by the
purchase of a product
Market-induced recognition – marketers encourage consumers to
be dissatisfied with their current situation, and they try to create
new needs and wants
New products – innovative products are introduced and brought to
the attention of consumers
4. Motivation
Motivations in subconscious
• Strong inhibitions
• Symbolic meaning of products and
brands
• Surrogate behaviors
• Complex and unclear motives
Maslow’s Hierarchy of Needs Freudian Psychoanalytic
Probing the Minds of Consumers
In-depth interviews Association tests
Projective techniques Focus groups
5. Information Search
Once consumers perceive a problem or need they begin to
search for information needed to make a purchase decision
sources of information
Personal sources – friends, relative, co-workers
Market sources – information from advertisers,
salespeople, in-store displays and the Internet
Public sources, etc. – articles in magazines or
newspapers
Personal experience – handling, examining, or using the
product
6. Perception Process
Process by which an individual receives, selects, organizes, and
interprets information to create a meaningful picture of the world
It depends on internal factors, such as a person’s beliefs, experiences,
needs, moods, and expectations.
Selective perception occurs as:
Selective exposure – occurs as consumers choose whether to make
themselves available to information
Selective attention – occurs when the consumer chooses whether to focus
attention on certain stimuli while excluding others.
Selective comprehension – occurs when consumers interpret information
on the basis of their own attitudes, beliefs, motives, and experiences.
Selective retention – occurs as consumers cannot recall all of the
information they receive but may choose to retain information of particular
relevance.
7. Evaluation of Alternatives
In this stage, the consumer compares the various brands or products he or
she has identified as being capable of solving the consumption problem or
satisfying needs.
The brands identified as potential purchase options are referred to as the
consumer’s evoked set.
The goal of most advertising and promotional strategies is to increase the
likelihood that a brand will be included in the consumer’s evoked set and
considered during alternative evaluation
Evaluative criteria are the dimensions or attributes of a product or service
that are used to compare different alternatives.
Objective– based on concrete attributes that are tangible and can be
directly judged or experienced by the consumer, such as price or
warranty.
Subjective – based on abstract attributes that are intangible and more
subjective in nature, such as style, appearance, or product image.
8. Attitude
Multiattribute Attitude Models
How marketers can influence consumer attitudes, including:
Increasing or changing the strength or belief rating of a brand on a
particular attribute.
Changing consumers’ perceptions of the importance or value of an
attribute.
Adding a new attribute to the attitude formation process.
Changing perceptions of beliefs ratings for a competing brand.