chapter 6kisi.deu.edu.tr/sumeyra.duman/mba 5011 str.mrk.ma… ·  · 2017-10-13how do consumers...

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10/21/2016 1 Copyright © 2016 Pearson Education Ltd. 6-1 Chapter 6 Analyzing Consumer Markets Copyright © 2016 Pearson Education Ltd. 6-2 Learning Objectives 1. How do consumer characteristics influence buying behavior? 2. What major psychological processes influence consumer responses to the marketing program? 3. How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative, rational decision process?

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Page 1: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-1

Chapter

6

Analyzing

Consumer

Markets

Copyright © 2016 Pearson Education Ltd. 6-2

Learning Objectives

1. How do consumer characteristics influence

buying behavior?

2. What major psychological processes influence

consumer responses to the marketing program?

3. How do consumers make purchasing

decisions?

4. In what ways do consumers stray from a

deliberative, rational decision process?

Page 2: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-3

What Influences Consumer

Behavior?• Consumer behavior

– The study of how individuals, groups, and

organizations select, buy, use, and dispose of

goods, services, ideas, or experiences to

satisfy their needs and wants

– Influenced by cultural, social, and personal

factors

Copyright © 2016 Pearson Education Ltd. 6-4

What Influences Consumer

Behavior?

• Cultural factors

– Culture

– Subcultures

– Social classes

Page 3: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-5

What Influences Consumer

Behavior?

• Social factors

Reference groups

Cliques

Family

Roles and status

Copyright © 2016 Pearson Education Ltd. 6-6

Reference Groups

• Membership groups

– Primary vs. secondary

• Aspirational groups

• Dissociative groups

• Opinion leader

Page 4: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-7

Family

• Family of orientation vs. family of

procreation

Copyright © 2016 Pearson Education Ltd. 6-8

What Influences Consumer

Behavior?• Personal factors

– Age/stage in life cycle

– Occupation and

economic

circumstances

– Personality and self-

concept

– Lifestyle and values

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Copyright © 2016 Pearson Education Ltd. 6-9

Key Psychological Processes

Motivation

Perception

LearningEmotions

Memory

Copyright © 2016 Pearson Education Ltd. 6-10

Figure 6.1

Model Of Consumer Behavior

Page 6: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-11

Key Psychological Processes

• Motivation

– A need becomes a motive when it is aroused

to a sufficient level of intensity to drive us to

act

Copyright © 2016 Pearson Education Ltd. 6-12

Motivation

Freud’sTheory

Behavior

is guided by

subconscious

motivations

Maslow’sHierarchy

of Needs

Behavior

is driven by

lowest,

unmet need

Herzberg’sTwo-Factor

Theory

Behavior is

guided by

dissatisfiers

and

satisfiers

Page 7: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-13

Figure 6.2

Maslow’s Hierarchy Of Needs

Copyright © 2016 Pearson Education Ltd. 6-14

Key Psychological Processes

• Perception

– The process by

which we select,

organize, and

interpret information

inputs to create a

meaningful picture

of the world

Page 8: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-15

perception

Selective attention

Selective distortion

Selective retention

Subliminal perception

Copyright © 2016 Pearson Education Ltd. 6-16

Key Psychological Processes

• Learning

– Induces changes in our behavior arising from

experience

– Drive and cues

– Generalization and discrimination

Page 9: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-17

Key Psychological Processes

• Emotions

– Many different

kinds of emotions

can be linked to

brands

Copyright © 2016 Pearson Education Ltd. 6-18

Key Psychological Processes

• Memory

– Short-term vs. long-term memory

– Associative network memory model

– Brand associations

– Memory encoding

– Memory retrieval

Page 10: Chapter 6kisi.deu.edu.tr/sumeyra.duman/MBA 5011 STR.MRK.MA… ·  · 2017-10-13How do consumers make purchasing decisions? 4. In what ways do consumers stray from a deliberative,

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Copyright © 2016 Pearson Education Ltd. 6-19

The Buying

Decision Process

• The consumer typically

passes through five stages

– Problem recognition

– Information search

– Evaluation of alternatives

– Purchase decision

– Postpurchase behavior

Copyright © 2016 Pearson Education Ltd. 6-20

The Buying

Decision Process• Problem recognition

– The buyer recognizes a problem/need

triggered by internal/external stimuli

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Copyright © 2016 Pearson Education Ltd. 6-21

The Buying

Decision Process• Information search

Personal sources

Commercial sources

Public sources

Experiential sources

Copyright © 2016 Pearson Education Ltd. 6-22

Figure 6.5

Sets Involved In Decision Making

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Copyright © 2016 Pearson Education Ltd. 6-23

The Buying

Decision Process• Evaluation of alternatives

– Expectancy-value model

Copyright © 2016 Pearson Education Ltd. 6-24

The Buying

Decision Process• Purchase decision

– Compensatory vs. noncompensatory models

Conjunctive heuristic

Lexicographic heuristic

Elimination-by-aspects heuristic

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Copyright © 2016 Pearson Education Ltd. 6-25

Intervening factors

Copyright © 2016 Pearson Education Ltd. 6-26

Types of perceived risk

Functional

riskPhysical risk

Financial

risk

Social riskPsychological

risk

Time risk

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Copyright © 2016 Pearson Education Ltd. 6-27

The Buying

Decision Process• Postpurchase

behavior

– Postpurchase

satisfaction

– Postpurchase actions

– Postpurchase uses

and disposal

Copyright © 2016 Pearson Education Ltd. 6-28

Figure 6.7

Customer Product Use/Disposal

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Copyright © 2016 Pearson Education Ltd. 6-29

Moderating Effects on Consumer

Decision Making

• Low-involvement Consumer Decision

Making

• Variety-Seeking Buying Behavior

Copyright © 2016 Pearson Education Ltd. 6-30

Behavioral Economics

• Decision Heuristics

– Availability heuristic

– Representativeness heuristic

– Anchoring and adjustment heuristic

• Framing

– Mental accounting

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Copyright © 2016 Pearson Education Ltd. 6-31