C6: Consumer Markets

Consumer behaviour

Buying decision process

Influences

Cultural factors

Social factors

Family

Roles and status quo

Occupation and economic situation

Personality

Lifestyle

Psychological process

Freud

Maslow

Herzberg

Assumed the psychological forces shaping people’s behavior are largely unconscious, and that a person cannot fully understand his or her own motivations.

Sought to explain why people are driven by particular needs at particular times. His answer is that human needs are arranged in a hierarchy from most to least pressing—physiological needs, safety needs, social needs, esteem needs, and self-actualization needs.

Developed a two-factor theory that distinguishes dissatisfiers (factors that cause dissatisfaction) from satisfiers (factors that cause satisfaction). The absence of dissatisfiers is not enough to motivate a purchase; satisfiers must be present. For
example, a computer that does not come with a warranty would be a dissatisfier. Yet the presence of a product warranty would not act as a satisfier or motivator of a purchase, because it is not a source of intrinsic satisfaction.

Perception: select, organize and interpret information

Selective attention

Selective Distortion: interpret info according to our thoughts

Selective retention: retain good points or bad about a product/service

Selective perception: engagement and thoughts. Subliminal perception.

5 Stage model of buying

(1) Problem recognition

(2) Info search

(3) Evaluation of alternatives

(4)Purchase decision

(5) Post purchase behaviour

Examples: Disney (connect with specific audiences), IKEA (inspirational Swedish model)