e-Commerce sector is booming in India so everyone have focusing only on e-tailing but still Modern retail have life. In this presentation researcher pointed out some opportunist fact which will be beneficial for retail sector.
India's economy is growing rapidly at 7.6% annually, increasing disposable incomes and creating a large middle class. India also has a young population with 54% under 25 years old, providing a demographic dividend. This has led to a more discerning consumer who is brand conscious and willing to pay for quality and convenience. Rising incomes are increasing demand for goods beyond necessities into areas like education, healthcare, electronics and automobiles. The evolving Indian consumer market is seen as an important but challenging opportunity for companies.
The document summarizes key findings from the Weber Shandwick Asia Pacific Food Forward Trends Report II, which examined consumer sentiment and food culture trends across Australia, China, South Korea, and Singapore. Four main trends emerged: 1) the preference gap between eating at home versus away is narrowing; 2) social media is profoundly influencing food knowledge, inspiration, and habits; 3) online grocery shopping is growing slowly but steadily, though supermarkets remain popular; and 4) celebrity endorsements face increasing scrutiny. Social media was found to be a primary source for recipe finding and inspiration for food experiences shared online. Online grocery purchasing was most common in China and South Korea, while Australians preferred supermarkets.
My thesis aimed to find an association between older adults' fruit & vegetable consumption and their farmers' market shopping by studying seniors in Lexington, KY and Taipei City, Taiwan.
Study of Lifestyle Trends on Changing Food Habits of Indian Consumersiosrjce
Global markets have increased the plethora of options available to Indian consumers. With the clear
shift in consumer tastes and preferences, food companies have also capitalized on the same. While Indian
consumers are still not as heavily impacted by the obesity epidemic like some other developed nations – there is
a clear shift; one which does not augur well for the health of the average citizen. The objective of this paper was
to identify these key lifestyle trends that have emerged over the dozen years or so – and understand the way they
are changing food habits. For this purpose, we talked to 600 respondents across 6 cities in India. The research
was conducted using a questionnaire administered online and through CATI. The results overwhelmingly show
that there is a shift from opting to eat at home to opting to eat out. Also interestingly awareness about harmful
effects of processed foods was high but the reason for consumption was attributed primarily to ease of purchase.
The implications of the research are an attempt to ensure that key steps are taken by public officials: such as a
tax on unhealthy foods, subsidies for healthy food, and promotion of healthy norms. Also FSSAI guidelines need
to strengthen to ensure that customer awareness increase and food companies opt for a more transparent
communication platform.
Indian consumers can be divided into three segments based on spending - those who pay more for more value, those who seek good value at reasonable prices, and those who pay less and expect less. The Indian consumer market is influenced by factors like the growing middle class, changing gender roles, rising aspirations, increased spending on luxury goods, new shopping environments, and greater media exposure. Rapidly growing sectors include IT, automobiles, e-commerce, retail, women's industries, and FMCG. Shopping culture, durable ownership, cosmetics use, beverage and food preferences, and fashion trends vary significantly across income levels and regions in India. Emerging trends show Indian consumers prioritizing value over price, adopting online shopping,
The document summarizes changes in the Indian consumer market from a pyramid structure to a sparkling diamond structure. It notes that the market is becoming more diverse and the middle class is growing significantly due to rising incomes and favorable demographics. It predicts that India will become the 5th largest consumer market by 2025. It also discusses trends of increasing technology usage, changing lifestyles, and a more sophisticated middle class.
e-Commerce sector is booming in India so everyone have focusing only on e-tailing but still Modern retail have life. In this presentation researcher pointed out some opportunist fact which will be beneficial for retail sector.
India's economy is growing rapidly at 7.6% annually, increasing disposable incomes and creating a large middle class. India also has a young population with 54% under 25 years old, providing a demographic dividend. This has led to a more discerning consumer who is brand conscious and willing to pay for quality and convenience. Rising incomes are increasing demand for goods beyond necessities into areas like education, healthcare, electronics and automobiles. The evolving Indian consumer market is seen as an important but challenging opportunity for companies.
The document summarizes key findings from the Weber Shandwick Asia Pacific Food Forward Trends Report II, which examined consumer sentiment and food culture trends across Australia, China, South Korea, and Singapore. Four main trends emerged: 1) the preference gap between eating at home versus away is narrowing; 2) social media is profoundly influencing food knowledge, inspiration, and habits; 3) online grocery shopping is growing slowly but steadily, though supermarkets remain popular; and 4) celebrity endorsements face increasing scrutiny. Social media was found to be a primary source for recipe finding and inspiration for food experiences shared online. Online grocery purchasing was most common in China and South Korea, while Australians preferred supermarkets.
My thesis aimed to find an association between older adults' fruit & vegetable consumption and their farmers' market shopping by studying seniors in Lexington, KY and Taipei City, Taiwan.
Study of Lifestyle Trends on Changing Food Habits of Indian Consumersiosrjce
Global markets have increased the plethora of options available to Indian consumers. With the clear
shift in consumer tastes and preferences, food companies have also capitalized on the same. While Indian
consumers are still not as heavily impacted by the obesity epidemic like some other developed nations – there is
a clear shift; one which does not augur well for the health of the average citizen. The objective of this paper was
to identify these key lifestyle trends that have emerged over the dozen years or so – and understand the way they
are changing food habits. For this purpose, we talked to 600 respondents across 6 cities in India. The research
was conducted using a questionnaire administered online and through CATI. The results overwhelmingly show
that there is a shift from opting to eat at home to opting to eat out. Also interestingly awareness about harmful
effects of processed foods was high but the reason for consumption was attributed primarily to ease of purchase.
The implications of the research are an attempt to ensure that key steps are taken by public officials: such as a
tax on unhealthy foods, subsidies for healthy food, and promotion of healthy norms. Also FSSAI guidelines need
to strengthen to ensure that customer awareness increase and food companies opt for a more transparent
communication platform.
Indian consumers can be divided into three segments based on spending - those who pay more for more value, those who seek good value at reasonable prices, and those who pay less and expect less. The Indian consumer market is influenced by factors like the growing middle class, changing gender roles, rising aspirations, increased spending on luxury goods, new shopping environments, and greater media exposure. Rapidly growing sectors include IT, automobiles, e-commerce, retail, women's industries, and FMCG. Shopping culture, durable ownership, cosmetics use, beverage and food preferences, and fashion trends vary significantly across income levels and regions in India. Emerging trends show Indian consumers prioritizing value over price, adopting online shopping,
The document summarizes changes in the Indian consumer market from a pyramid structure to a sparkling diamond structure. It notes that the market is becoming more diverse and the middle class is growing significantly due to rising incomes and favorable demographics. It predicts that India will become the 5th largest consumer market by 2025. It also discusses trends of increasing technology usage, changing lifestyles, and a more sophisticated middle class.
The document discusses customer relationship management and data mining. It provides an overview of the data mining process and applications of data mining such as reducing churn, increasing customer profitability, and reducing marketing costs. It also discusses two case studies of companies that used data mining for CRM: Credite Est, a bank in France that used it to acquire new customers, and Yapi Kredi, a bank in Turkey that used it to reduce churn.
This document presents information on customer relationship management (CRM). It discusses key aspects of CRM including operational CRM which focuses on managing different customer touchpoints and channels, collaborative CRM which integrates marketing, sales, and service applications, and analytical CRM which uses customer data to generate business intelligence. The document also outlines the goals, strategies, objectives, and tactics used in a CRM program and emphasizes that CRM requires cultural change, technology alone is not enough, and continuously enhancing the customer experience is important for long term success.
This research report summarizes a case study of Figleaves, an online retailer of lingerie and swimwear, and their implementation of e-CRM (electronic customer relationship management) integrated with their e-business operations. Key points include:
1. Figleaves launched their website in 1998 and first implemented e-CRM in 2001 to manage customer relationships and orders online.
2. They selected an e-CRM vendor called Infra-software in 2000 and launched the new system in 2001 to improve inventory management, same-day ordering, and create a more user-friendly customer interface.
3. The e-CRM system was evaluated as a success, providing benefits like 24/7 online shopping, real-
This document discusses the importance of databases for customer relationship management (CRM). It describes different types of marketing databases including customer, prospect, cluster, and enhancement databases. It also outlines the benefits of marketing databases such as enabling segmentation, retention, and identifying profitable customers. Finally, it discusses how databases can be used to directly influence customer relationships and other business operations.
Chapter 12: Applications of Database Marketing in B-to-C and B-to-B Scenariositsvineeth209
The document summarizes three studies on customer lifetime value and profitability relationships. Study 1 finds the relationship between lifetime and profits is not always positive, and both short-term and long-term customers can be profitable. Study 2 develops a model to estimate individual customer profitable lifetime durations based on projected revenues and costs. Study 3 analyzes factors that impact profitable lifetime durations, finding purchase amount, cross-buying, and mailings increase duration while returns and buying in a single department decrease it.
Final eb ch p customer relationship managementazmatmengal
This document discusses customer relationship management (CRM). It defines CRM as developing and maintaining long-term, mutually beneficial relationships with strategically important customers. The goal of CRM is to optimize profitability, revenue, and customer satisfaction. The document outlines the key aspects of CRM, including initiatives like operational CRM to improve customer service and sales automation. It also discusses factors for CRM success, such as having a clear strategy and using collected customer data effectively.
This document provides an introduction to consumer behavior and its significance for marketing. It discusses key concepts like understanding consumer needs, customer orientation, and customer value. It notes that consumer behavior is complex due to the diversity of consumer needs, influences, and roles in purchase decisions. Marketers must understand these differences to segment consumers and address specific groups through tailored products and marketing mixes. A deep understanding of consumer behavior is crucial for identifying market opportunities and making effective marketing strategy decisions.
Chapter 9: Effectiveness of Loyalty Programsitsvineeth209
This document discusses the effectiveness of loyalty programs. It covers key drivers of loyalty program effectiveness including program design characteristics, customer characteristics, market characteristics, and firm characteristics. It also provides a 7-point checklist for successful loyalty program design and implementation. Examples are provided of Tesco's successful loyalty program and the Starwood Hotels loyalty program. The conclusion is that the most effective programs are those that leverage customer data to create true value for customers.
This document discusses the value of diversity in teams. It begins with defining diversity and identifying four layers of diversity: organizational, internal, external, and individual dimensions. The presentation then covers the benefits of diversity, including reduced conflicts, increased innovation from different perspectives, and being closer to customer needs. Examples are given of a diverse former team's composition and alignment. The document concludes that diverse teams can lead to greater motivation, learning, innovation, and productivity if differences are appreciated and the team shares a common goal.
The document discusses the importance of customer relationship marketing and managing long-term customer relationships. It defines customer relationship marketing as focusing on creating and maintaining long-term relationships with customers to enhance loyalty and profitability. Successful customer relationship marketing requires understanding customer needs, developing trust and commitment through high quality service, and establishing internal support and customer knowledge databases. Maintaining relationships provides a competitive advantage and is more profitable than acquiring new customers.
Consumer behavior session 2 intro to consumer and cbbgaurav salaria
This document provides an introduction to consumer behavior and its significance for marketing. It discusses that understanding consumers is crucial as the consumer is at the heart of the marketing concept. Consumer behavior is complex as each consumer is unique and influenced by various factors like culture, experiences and life stage. It also notes that consumers play different roles in the purchase process and can be segmented into types based on satisfaction and loyalty levels. Understanding diversity in consumer behavior helps marketers identify opportunities, target segments, and make appropriate marketing mix decisions.
Chapter 1: CRM, Database Marketing and Customer Valueitsvineeth209
CRM involves analyzing customer data to develop strong relationships and maximize customer lifetime value. It is linked to database marketing, which uses customer data to segment customers and develop tailored marketing campaigns. Rapid changes in customers, technology, and the marketplace are driving companies to adopt more customer-centric strategies like CRM to meet evolving customer needs and expectations. CRM assesses the economic value of each customer to help companies optimize profits by acquiring and retaining profitable customers over multiple interactions.
Benefits of culturally and linguistically diverse classroomsaekoehn
This document discusses the benefits of culturally and linguistically diverse classrooms. It provides background information on a student named Sebastian, who is an English language learner from a Spanish-speaking migrant family. It outlines Sebastian's academic challenges and cultural funds of knowledge. The document also discusses literacy expectations of the Common Core State Standards for English language learners and recommends instructional strategies teachers can use to help English learners meet those expectations.
The document discusses strategic customer relationship management (CRM). It defines strategic CRM and its key components, including customer management orientation, integration and alignment of organizational processes, and information capture and alignment of technology. It also presents a case study of IBM's CRM implementation, which delivered $2 billion in cost reductions and other benefits through an integrated process enabled by CRM. The summary discusses the key aspects and lessons from IBM's large-scale CRM implementation.
Chapter 14: Impact of CRM on Marketing Channelsitsvineeth209
This document discusses the impact of customer relationship management (CRM) on marketing channels. It explores how traditional and emerging channels influence CRM strategies and opportunities and challenges around managing multi-channel customer relationships. Key topics covered include the role of channels in customer relationships, drivers of multi-channel buying behavior, and implications of new channel trends for CRM approaches.
Value of Diversity at the Workplace Presentation by Tina Tinde at career for...Gry Tina Tinde
How does an understanding of diversity issues boost your career? Examples are given of how insight into demographic trends and behavior variations helps to make wise decisions and be in sync with the time.
A statistician, Nate Silver was able to predict the outcome of the 2008 and 2012 US presidential elections based on knowledge of, among others, demographic figures and trends.
For someone to succeed with their career and for a business or organization to be competitive, knowledge about diversity and demographic changes is important. A study referred to in the presentation found young people to be more concerned with diversity and inclusion topics than their seniors. Employers wishing to attract the best talent are wise to embrace diversity & inclusion and place value on the contributions from women and other underrepresented groups that include e.g. LGBT people, persons living with disabilities, indigenous peoples, various ethnic and racial groups, older people, and those living with HIV/AIDS.
The website with vacancy announcements is often the most visited page, and searches for “diversity” and “gender equality” are very frequent. An employer that wishes to leverage the interest in available jobs on the website and at the same time present itself as an attractive organization, can benefit from announcing its diversity & inclusion activities on the web.
Chapter 1 Consumer Behavior: Its Origins & Strategic ApplicationsNishant Agrawal
Overview of Consumer Behavior
The Marketing Concept
The Marketing Mix and Relationships
Consumer Behavior: Its Origins & Strategic Applications
Overview of Consumer Behavior
Ob i intro- diversity- personality & values- emotions & moodsShivkumar Menon
This document provides an overview and introduction to organizational behavior (OB). It discusses what OB is, why it is studied, and the basic OB model. It also covers key topics in OB like diversity, personality, emotions, and skills required for managerial effectiveness. The basic OB model shows inputs, processes, and outcomes at the individual, group, and organizational levels. Dependent variables in OB include productivity, effectiveness, efficiency, absenteeism, turnover, job satisfaction, and organizational citizenship behavior.
The document discusses market segmentation, which is the process of dividing the market into subsets of consumers based on common characteristics. Segmentation is the first step in a three-phase marketing strategy and benefits both marketers and consumers. Some common bases used for segmentation include geographic, demographic, psychographic, behavioral, and socio-cultural factors. The document then provides details about the VALS (values and lifestyle) segmentation scheme and describes the characteristics and purchasing behaviors of its eight consumer groups: Innovators, Thinkers, Believers, Achievers, Strivers, Experience Seekers, Makers, and Survivors.
This document discusses moral values and ethics. It defines business ethics as practices and behaviors that are good or bad within the context of moral duty. There are three key branches of ethics: descriptive ethics examines morality, normative ethics justifies moral systems, and applied ethics addresses specific situations. Moral values determine good/bad choices and criteria. Sources of moral values include religion, science, culture, and law. Personal values are guiding principles that societies hold in high esteem. Values are important for businesses as criteria for high performance and conditions for exchange.
This document provides an introduction and research design for a study about customer satisfaction and preferences in the restaurant industry in India. It discusses the following key points in 3 sentences:
The growth of the restaurant industry in India is due to variety of cuisines and changing lifestyles as more people are eating out. The study aims to examine the relationships between physical environment quality, interactional quality, and outcome quality on customer satisfaction and behavioral intentions. The objectives are to understand how service quality impacts attitudes and to identify the reasons for preference and satisfaction and their impact on brand prestige and positive word of mouth.
The document discusses customer relationship management and data mining. It provides an overview of the data mining process and applications of data mining such as reducing churn, increasing customer profitability, and reducing marketing costs. It also discusses two case studies of companies that used data mining for CRM: Credite Est, a bank in France that used it to acquire new customers, and Yapi Kredi, a bank in Turkey that used it to reduce churn.
This document presents information on customer relationship management (CRM). It discusses key aspects of CRM including operational CRM which focuses on managing different customer touchpoints and channels, collaborative CRM which integrates marketing, sales, and service applications, and analytical CRM which uses customer data to generate business intelligence. The document also outlines the goals, strategies, objectives, and tactics used in a CRM program and emphasizes that CRM requires cultural change, technology alone is not enough, and continuously enhancing the customer experience is important for long term success.
This research report summarizes a case study of Figleaves, an online retailer of lingerie and swimwear, and their implementation of e-CRM (electronic customer relationship management) integrated with their e-business operations. Key points include:
1. Figleaves launched their website in 1998 and first implemented e-CRM in 2001 to manage customer relationships and orders online.
2. They selected an e-CRM vendor called Infra-software in 2000 and launched the new system in 2001 to improve inventory management, same-day ordering, and create a more user-friendly customer interface.
3. The e-CRM system was evaluated as a success, providing benefits like 24/7 online shopping, real-
This document discusses the importance of databases for customer relationship management (CRM). It describes different types of marketing databases including customer, prospect, cluster, and enhancement databases. It also outlines the benefits of marketing databases such as enabling segmentation, retention, and identifying profitable customers. Finally, it discusses how databases can be used to directly influence customer relationships and other business operations.
Chapter 12: Applications of Database Marketing in B-to-C and B-to-B Scenariositsvineeth209
The document summarizes three studies on customer lifetime value and profitability relationships. Study 1 finds the relationship between lifetime and profits is not always positive, and both short-term and long-term customers can be profitable. Study 2 develops a model to estimate individual customer profitable lifetime durations based on projected revenues and costs. Study 3 analyzes factors that impact profitable lifetime durations, finding purchase amount, cross-buying, and mailings increase duration while returns and buying in a single department decrease it.
Final eb ch p customer relationship managementazmatmengal
This document discusses customer relationship management (CRM). It defines CRM as developing and maintaining long-term, mutually beneficial relationships with strategically important customers. The goal of CRM is to optimize profitability, revenue, and customer satisfaction. The document outlines the key aspects of CRM, including initiatives like operational CRM to improve customer service and sales automation. It also discusses factors for CRM success, such as having a clear strategy and using collected customer data effectively.
This document provides an introduction to consumer behavior and its significance for marketing. It discusses key concepts like understanding consumer needs, customer orientation, and customer value. It notes that consumer behavior is complex due to the diversity of consumer needs, influences, and roles in purchase decisions. Marketers must understand these differences to segment consumers and address specific groups through tailored products and marketing mixes. A deep understanding of consumer behavior is crucial for identifying market opportunities and making effective marketing strategy decisions.
Chapter 9: Effectiveness of Loyalty Programsitsvineeth209
This document discusses the effectiveness of loyalty programs. It covers key drivers of loyalty program effectiveness including program design characteristics, customer characteristics, market characteristics, and firm characteristics. It also provides a 7-point checklist for successful loyalty program design and implementation. Examples are provided of Tesco's successful loyalty program and the Starwood Hotels loyalty program. The conclusion is that the most effective programs are those that leverage customer data to create true value for customers.
This document discusses the value of diversity in teams. It begins with defining diversity and identifying four layers of diversity: organizational, internal, external, and individual dimensions. The presentation then covers the benefits of diversity, including reduced conflicts, increased innovation from different perspectives, and being closer to customer needs. Examples are given of a diverse former team's composition and alignment. The document concludes that diverse teams can lead to greater motivation, learning, innovation, and productivity if differences are appreciated and the team shares a common goal.
The document discusses the importance of customer relationship marketing and managing long-term customer relationships. It defines customer relationship marketing as focusing on creating and maintaining long-term relationships with customers to enhance loyalty and profitability. Successful customer relationship marketing requires understanding customer needs, developing trust and commitment through high quality service, and establishing internal support and customer knowledge databases. Maintaining relationships provides a competitive advantage and is more profitable than acquiring new customers.
Consumer behavior session 2 intro to consumer and cbbgaurav salaria
This document provides an introduction to consumer behavior and its significance for marketing. It discusses that understanding consumers is crucial as the consumer is at the heart of the marketing concept. Consumer behavior is complex as each consumer is unique and influenced by various factors like culture, experiences and life stage. It also notes that consumers play different roles in the purchase process and can be segmented into types based on satisfaction and loyalty levels. Understanding diversity in consumer behavior helps marketers identify opportunities, target segments, and make appropriate marketing mix decisions.
Chapter 1: CRM, Database Marketing and Customer Valueitsvineeth209
CRM involves analyzing customer data to develop strong relationships and maximize customer lifetime value. It is linked to database marketing, which uses customer data to segment customers and develop tailored marketing campaigns. Rapid changes in customers, technology, and the marketplace are driving companies to adopt more customer-centric strategies like CRM to meet evolving customer needs and expectations. CRM assesses the economic value of each customer to help companies optimize profits by acquiring and retaining profitable customers over multiple interactions.
Benefits of culturally and linguistically diverse classroomsaekoehn
This document discusses the benefits of culturally and linguistically diverse classrooms. It provides background information on a student named Sebastian, who is an English language learner from a Spanish-speaking migrant family. It outlines Sebastian's academic challenges and cultural funds of knowledge. The document also discusses literacy expectations of the Common Core State Standards for English language learners and recommends instructional strategies teachers can use to help English learners meet those expectations.
The document discusses strategic customer relationship management (CRM). It defines strategic CRM and its key components, including customer management orientation, integration and alignment of organizational processes, and information capture and alignment of technology. It also presents a case study of IBM's CRM implementation, which delivered $2 billion in cost reductions and other benefits through an integrated process enabled by CRM. The summary discusses the key aspects and lessons from IBM's large-scale CRM implementation.
Chapter 14: Impact of CRM on Marketing Channelsitsvineeth209
This document discusses the impact of customer relationship management (CRM) on marketing channels. It explores how traditional and emerging channels influence CRM strategies and opportunities and challenges around managing multi-channel customer relationships. Key topics covered include the role of channels in customer relationships, drivers of multi-channel buying behavior, and implications of new channel trends for CRM approaches.
Value of Diversity at the Workplace Presentation by Tina Tinde at career for...Gry Tina Tinde
How does an understanding of diversity issues boost your career? Examples are given of how insight into demographic trends and behavior variations helps to make wise decisions and be in sync with the time.
A statistician, Nate Silver was able to predict the outcome of the 2008 and 2012 US presidential elections based on knowledge of, among others, demographic figures and trends.
For someone to succeed with their career and for a business or organization to be competitive, knowledge about diversity and demographic changes is important. A study referred to in the presentation found young people to be more concerned with diversity and inclusion topics than their seniors. Employers wishing to attract the best talent are wise to embrace diversity & inclusion and place value on the contributions from women and other underrepresented groups that include e.g. LGBT people, persons living with disabilities, indigenous peoples, various ethnic and racial groups, older people, and those living with HIV/AIDS.
The website with vacancy announcements is often the most visited page, and searches for “diversity” and “gender equality” are very frequent. An employer that wishes to leverage the interest in available jobs on the website and at the same time present itself as an attractive organization, can benefit from announcing its diversity & inclusion activities on the web.
Chapter 1 Consumer Behavior: Its Origins & Strategic ApplicationsNishant Agrawal
Overview of Consumer Behavior
The Marketing Concept
The Marketing Mix and Relationships
Consumer Behavior: Its Origins & Strategic Applications
Overview of Consumer Behavior
Ob i intro- diversity- personality & values- emotions & moodsShivkumar Menon
This document provides an overview and introduction to organizational behavior (OB). It discusses what OB is, why it is studied, and the basic OB model. It also covers key topics in OB like diversity, personality, emotions, and skills required for managerial effectiveness. The basic OB model shows inputs, processes, and outcomes at the individual, group, and organizational levels. Dependent variables in OB include productivity, effectiveness, efficiency, absenteeism, turnover, job satisfaction, and organizational citizenship behavior.
The document discusses market segmentation, which is the process of dividing the market into subsets of consumers based on common characteristics. Segmentation is the first step in a three-phase marketing strategy and benefits both marketers and consumers. Some common bases used for segmentation include geographic, demographic, psychographic, behavioral, and socio-cultural factors. The document then provides details about the VALS (values and lifestyle) segmentation scheme and describes the characteristics and purchasing behaviors of its eight consumer groups: Innovators, Thinkers, Believers, Achievers, Strivers, Experience Seekers, Makers, and Survivors.
This document discusses moral values and ethics. It defines business ethics as practices and behaviors that are good or bad within the context of moral duty. There are three key branches of ethics: descriptive ethics examines morality, normative ethics justifies moral systems, and applied ethics addresses specific situations. Moral values determine good/bad choices and criteria. Sources of moral values include religion, science, culture, and law. Personal values are guiding principles that societies hold in high esteem. Values are important for businesses as criteria for high performance and conditions for exchange.
This document provides an introduction and research design for a study about customer satisfaction and preferences in the restaurant industry in India. It discusses the following key points in 3 sentences:
The growth of the restaurant industry in India is due to variety of cuisines and changing lifestyles as more people are eating out. The study aims to examine the relationships between physical environment quality, interactional quality, and outcome quality on customer satisfaction and behavioral intentions. The objectives are to understand how service quality impacts attitudes and to identify the reasons for preference and satisfaction and their impact on brand prestige and positive word of mouth.
Fast changing consumer behaviour in indiasilpa $H!lu
This document discusses factors that influence consumer behavior in India. It outlines several key factors, including culture, social groups, personal characteristics, and psychology. It also describes trends in India's changing consumer landscape since the 1990s economic reforms, including the growth of communications/IT sectors, globalization, and increasing rural consumption. Emerging trends are noted, such as consumers prioritizing value over price and brand, and preferences changing with greater health awareness. The consumption patterns of Indian consumers depend on various economic and social changes.
1) Cultural factors, such as values and ideologies learned from family and community, strongly influence consumer behavior.
2) Culture provides standards and rules that guide decision-making. Through acculturation, marketers must understand the specific cultures of their target markets to communicate effectively using appropriate symbols and language.
3) Cultural factors form several market segments with distinct needs. Marketers must carefully study different cultures and subcultures to frame appropriate marketing strategies.
Customer Perception Towards Traditional and Modern Retailinginventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
This document identifies factors affecting the buying behavior of rural consumers in India. It discusses eight key factors - price, quality, warranty, advertisement, brand, recommendations from friends and family, and packaging. The study found that the importance of these factors varies based on the age and income of respondents. Younger, lower-income rural consumers placed more importance on recommendations from others and packaging, while older, higher-income rural consumers cared more about price, quality, brands, and advertisements. The document provides background on rural consumer behavior and reviews previous related literature.
Managing changing attitudes of consumer on buying preferences a strategic eva...Dr. Juturu Viswanath
This document discusses managing changing consumer attitudes toward buying preferences. It finds that income is a key factor influencing purchases, while media, family pressures, price variations, substitutes, sales, and social status also impact preferences. Quality concerns have the highest influence on choices. The study recommends that marketers understand dynamic buying preferences, address variables affecting attitudes, maintain quality-service to sustain demand, match prices with quality, and consider income levels when making strategic decisions.
The document discusses cultural changes in India and their impact on the retail sector. It notes that Indian culture and consumer behavior have undergone significant changes in recent decades, with consumers now prioritizing convenience, education, physical appearance, and materialism over traditions. These cultural shifts have fueled the growth of organized retail formats and the modern Indian consumer's preference for organized retail experiences over traditional small stores. The organized retail sector is expected to expand rapidly and account for 20% of retail sales by 2010 compared to only 3% currently.
Consumer behavior related to the fashion industry is influenced by numerous personal, psychological, economic, cultural, and social factors. Personal factors like age, occupation, and lifestyle affect consumers' fashion preferences and demands. Psychological factors such as motivation, perception, beliefs, and learning shape how consumers view and purchase fashion products. Economic considerations like income and family finances also impact consumer spending on clothing. Cultural norms and social class influence what fashion choices are deemed appropriate or desirable. Additionally, new social media platforms have transformed how consumers engage with and are exposed to fashion trends.
The document provides an introduction to consumer behaviour, including definitions of key concepts and the 5-stage consumer decision process. It discusses the nature and scope of studying consumer behaviour, including understanding consumer needs, influences on them, and patterns of shopping behaviour. It also outlines some major worldwide trends in consumer behaviour, such as demographic shifts like an aging population and women in the workforce. Technological trends discussed include an increasingly interconnected world and more tech-savvy customers. The implications of these trends on the 3 roles of consumers are also mentioned.
Impact of Cultural Differences in Marketing on Buying BehaviourDr. Amarjeet Singh
Culture and differences in culture across the globe form an important aspect of marketing. One of the biggest factors that is taken into consideration by both marketing analysts and consumers is culture. Cultural Marketing, therefore, has gained importance as a way of marketing and market research. Especially when it comes to international trade and global marketing. The volatile nature of cultures as a concept makes it very difficult to predict the success or failure of a product or service. Cultural differences in marketing, therefore form the fundamental decision-making factors in the international marketing arena. This paper studies the consumers’ perception towards marketing strategies that align with their culture and the subsequent decisions they are likely to take based on these factions. Understanding this psychology is crucial to ensuring that a company can get a good return on its market investments while still generating a profit. Hence understanding the culture of a particular region before entering it is crucial and can play a huge role in the success of the company in that region.
This chapter discusses analyzing consumers and consumer behavior. It defines two types of consumers - final consumers who buy for personal use, and organizational consumers who buy for business use or resale. It describes analyzing consumer demographics like age, income, and location to understand different consumer groups. Consumer lifestyles and psychological factors also influence purchasing behavior. The consumer decision process involves stages from initial stimulus to post-purchase evaluation.
Consumer behaviour notes full @ mab marketing Babasab Patil
The document discusses various topics related to consumer behaviour, including the positivist and interpretivist approaches to studying consumer behaviour, the difference between consumers, buyers and customers, factors that influence consumer behaviour, and approaches to market segmentation such as demographic, psychographic, and benefit segmentation. It also covers topics like developing new products, the total product concept, diffusion of innovations, and the product lifecycle.
The document discusses opportunities for organized retailing in India due to changing demographics, lifestyles, and increased discretionary incomes. Key opportunities include many underserved product categories and retail formats. Emerging trends in Indian retail include the importance of size, flexibility, and global supply chains. Winning retail strategies will revolve around differentiation through price, product, service, quality, and convenience over time. Best practices for Indian retailers include focusing on location, assortment, availability, and using IT to improve operations and supplier relationships.
This document discusses how understanding consumer behavior and market segmentation can provide opportunities for an Australian exporter entering the Chinese market. It analyzes demographic and behavioral theories of segmentation and how they differ between China and Australia. Specifically, it examines life expectancy, income gaps, brand loyalty, preferences for quality and status, to identify opportunities like targeting older consumers or adapting marketing strategies for rural vs. urban areas. The conclusion states that properly applying consumer behavior and market segmentation research can help reduce risks when exporting to China.
This document discusses how two theories of consumer behavior - demographic and behavioral segmentation - apply differently in China compared to Australia, providing opportunities for an Australian exporter. Demographic segmentation looks at factors like age, income, gender. China has a growing elderly population, while Australia already has many elderly, indicating a market for age-appropriate products. Behavioral segmentation examines culture and lifestyles. Chinese consumers value functional features and status/prestige, while Australians are often brand loyal, especially for expensive purchases. These differences must be understood to successfully market in China versus Australia.
Assessing trends in consumer behavior and it's implications for marketers.kofi amamoo
Cultural changes in Ghana have implications for marketers. Ten key changes identified are: 1) Increased technology usage provides opportunities for digital marketing but too much info can overwhelm consumers. 2) Women's empowerment means women have more purchasing power and different appeals are needed. 3) Sexual appeals are more common but must be handled tactfully. 4) Broadened knowledge means consumers research more so demonstrations and reviews are important. 5) Globalization allows international marketing but requires understanding other cultures. 6) Health consciousness grows fitness and cosmetic industries. 7) Fashion has become more liberal. 8) Security concerns create opportunities in security products. 9) Environmental awareness favors green products. 10) Marriage ceremonies have become more elaborate, creating
This document discusses consumer behavior in healthcare. It begins by defining a consumer as a person or group that is targeted to purchase products/services or pays to use goods/services. Consumer behavior involves how individuals select, purchase, use, and dispose of products/services to satisfy needs. Marketers must understand diverse consumer needs, wants, and consumption patterns. The document then discusses factors that influence consumer behavior such as culture, social factors, personal factors, and psychological factors like motivation and perception. It also outlines the consumer decision making process and types of consumer behavior based on involvement.
Similar to Ppt on impact of ethnic diversity and consumer value (20)
The Future of E-commerce: first-hands insights.Solvd, Inc.
According to Statista, revenue in the e-commerce market is projected to reach US$4,117.00bn in 2024. New technologies and methodologies constantly influence how the e-commerce market develops and shapes itsthe future of e-commerce. The main questions are in the air: How can we stay aligned with e-commerce business owners and ensure our engineering services meet their evolving needs?
At Solvd, this question prompted a deep dive into the current e-commerce landscape. Our goal was to get information about the future of e-commerce directly from first-hand sources. In the course of our research, we explored:
- Portrait of respondents.
- Current challenges and pain points of the e-commerce industry.
- Emerging trends and upcoming opportunities.
- Human resource allocation for e-commerce projects.
- Solutions and actionable advice for business owners.
- The role of a reliable partner in problem-solving.
Explore, download, and share invaluable insights made by Solvd!
It’s no secret that the marketing landscape is growing increasingly complex, with numerous channels, privacy regulations, signal loss, and more. One of the biggest problems facing marketers today is that they’re experiencing data deluge and data drought simultaneously.
Bliss Point by Tinuti addresses these challenges by providing a single, user-friendly platform for measuring what marketers previously struggled to measure. With Bliss Point, you can move beyond simply validating past actions and instead use measurement to guide real-time decision-making on what should happen next.
Join our product experts for a live demonstration of Bliss Point. Discover how it can empower your brand with the tools and insights needed to optimize each channel, across your entire media mix, and your overall brand performance.
Ppt on impact of ethnic diversity and consumer value
1. PRESENTATION ON
ETHICAL DIVERSITY, CHANGING
CUSTOMER DEMOGRAPHY AND CHANGE
IN CONSUMER VALUE AND LIFE STYLE
Presented by:
Ashish
12CQCMA019
2. Ethnic diversity is the
idea of having people
from different
backgrounds or of a
different ethnicity
working together for
one common cause.
Ethnic diversity is a
great way to learn about
people of different
cultures and how their
cultures can operate
within one another.
Ethical diversity
3. The impact of ethnic diversity is also know as the
impact of cultural change in retailing
there are two types of impact:
positive impact
negative impact
Impact of ethnic diversity
4. Consumer demography consist-
Age
Gender
Income distribution
trends
Education
Occupation/ employment status
Lifestyle
Martial status
it is also used in marketing, marketing research, opinion research, political
research and the study of consumer behavior.
Changing customer demography
5. In 2010, half of the citizen are the age group of 20-25
years.
Over the last decade, the average indian spending has
gone up from INR 5,745, in 92-93 to INR 16,457 in
2003-04.
It is expected to grow up by 12% per annum.
6. On the basis of past statics and data we can say that,
All these changes in demography and life style have
changed the consumption pattern in india.
It is a positive signal for a retailer.
7. Consumer value and customer value are terms used synonymously. The
concept of value describes the consumer's perceived ratio of the price paid
for a product or service to the quality or worth received in return.
Change in consumer value and life
style
Changes in
consumer
values and
life style
Changing
shopping
perspective
Consumer
patronage
for different
retail format
Attitude
towards
shopping
Impulse
purchase and
consumer
loyalty
9. Rise of the consumer as a force
Easy-on-the-pocket aspirations- seeking value
Women in the workforce
Connectivity and awareness
How she spends her time & money
Changing lifestyle and food habits
Western with Indian flavour- localization is the key
Modern retail driving experiential shopping
Individuality is the new status symbol
Bolder and more expressive
Some significant changes in the consumer that
are shaping the market place are
10. You only have to do a very few things right in your
life so long as you don’t do too many things wrong.