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Post-Decision Processes

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Presentation on theme: "Post-Decision Processes"— Presentation transcript:

1 Post-Decision Processes
Chapter 11 Post-Decision Processes

2 Learning Objectives Post-decision dissonance and regret.
Consumer learning from experience. Ways consumers judge satisfaction and dissatisfaction with decision. Various strategies and levels of complexity for disposal of something.

3 Chapter Overview: Post-Decision Processes (Exhibit 11.1)

4 Post-Decision Dissonance and Regret
Loss of confidence in decision of Acquisition Consumption Disposition Dissonance—Anxiety when MAO high and more than one alternative is attractive Regret Unfavorable comparison Consumer anticipation

5 A Model of Learning from Experience (Exhibit 11.3)

6 Factors Affecting Learning from Experience
Motivation Prior knowledge/ability Ambiguity of information/Lack of opportunity Processing biases Confirmation Overconfidence Strategies Top-dog Underdog

7 Consumer Judgments? Satisfaction Dissatisfaction Dimensions
Utilitarian Hedonic Levels of Satisfaction/ Dissatisfaction Monitor Costs

8 The American Consumer Satisfaction Index (Exhibit 11.6)

9 Disconfirmation Paradigm
Satisfaction Based on Expectations Negative (-) Simple (-/+) Positive (+) Other Influences on Satisfaction Independent Post-Decision Feelings

10 Satisfaction/Dissatisfaction Based on Thoughts
Disconfirmation Expectations Performance Objective Subjective Simple confirmation and satisfaction Negative disconfirmation and dissatisfaction

11 The Disconfirmation Paradigm (Exhibit 11.7)

12 Attribution Theory Causality/blame/explanations Factors Value-Added
Stability Focus Controllability Value-Added

13 Equity Theory Inputs Versus Outputs Fairness in Exchange Consumer
Seller Fairness in Exchange

14 Satisfaction/Dissatisfaction Based on Feelings
Post-decision feelings Coping Misprediction about emotions Affective forecasting

15 Responses to Dissatisfaction
Take no action Discontinue purchasing Complain or return item Negative word-of-mouth

16 Complainers Tendencies Types Younger Higher Income Less Brand Loyal
Cultural Differences Types Passives Voicers Irates Activists

17 Satisfaction Is Not Enough
65% to 85% of customers who defect to competitors say they were “satisfied” or “very satisfied” Customer retention is key—Develop long-term relationships

18 Customer Retention Tactics
Care about your customers—2/3 of customers defect because they feel company doesn’t care about them Remember customers between sales—Contact on birthdays, etc. Build trusting relationships—expertise, reliability, concern Monitor service delivery process Be there when needed—Service and repair Provide extra effort—Beyond call of duty

19 Options for Post-Acquisition Disposition
Give Away Trade Recycle Sell Use Up Throw Away Abandon Destroy “…action taken toward possessions.” Temporary or Involuntary Temporary or Permanent

20 Disposing of Meaningful Objects
Physical Detachment Emotional Detachment

21 Recycling Motivation Ability Opportunity


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