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)