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Consumption, Satisfaction, Divestment

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Presentation on theme: "Consumption, Satisfaction, Divestment"— Presentation transcript:

1 Consumption, Satisfaction, Divestment

2 Consumption The act of purchase is normally followed by consumption or use. Evaluation continues into the act of consumption by a satisfaction/dissatisfaction response. The probability of repurchase is determined at this point.

3 Options for Consumption
Usage at the earliest convenient opportunity Short-term storage in anticipation of a later usage opportunity Long-term storage with no specific or anticipated use in mind Abort consumption process

4 Buyer’s Regret Post decision doubt (dissonance) A certain threshold of dissonance-motivated tension is surpassed The action is irrevocable There are other unchosen alternatives with qualitatively dissimilar but desirable attributes The choice is made entirely by free will, without any compulsion

5 Consumption Research Profit Motivated Consumption Research
Post-Modern Consumption Research

6 Profit Motivated Consumption Research
To find ways to attract new customers and trigger a buying response

7 Post-Modern Consumption Research
Sacred Consumption Profane Consumption Compulsive consumption

8 Post - Consumption Evaluation
The Customer Satisfaction/Dissatisfaction response Implications – Inducting new customers, customer retention, competitive role in product/service quality.

9 Satisfaction A post-consumption evaluation that a chosen alternative at least meets or exceeds expectations

10 Categories Of Consumer Expectations
Normative judgement of consumer of product performance given the costs and efforts taken to purchase and use Equitable performance The Optimum Or Hoped For Performance Level Ideal performance What The Performance Probably Will Be Expected performance

11 Expectancy Disconfirmation Model -Richard Oliver
The CS/D response takes one of 3 forms Positive Disconfirmation – Performance is better than expected Simple Confirmation – As per expectations Negative Disconfirmation – Worse than expectations

12 Divestment Outright Disposal Recycling Remarketing


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