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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
Equitable performance – normative judgement of consumer of product performance given the costs and efforts taken to purchase and use Ideal performance – the optimum or hoped for performance level Expected performance – what the performance probably will be

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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