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Marketing Management Consumer Behavior I

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Presentation on theme: "Marketing Management Consumer Behavior I"— Presentation transcript:

1 Marketing Management Consumer Behavior I
Paul Dishman, Ph.D. Department of Business Management Marriott School of Management Brigham Young University Lecture 7

2 “Blackbox” model of CB $ Response Environmental Stimuli Individual
Characteristics & Decision Processes $ Response Marketing Stimuli

3 How do consumers make decisions?
Economic Man Theory Hedonistic Man Theory Pavlovian Theory

4 Purchase Behavior

5 Stages in Buying Behavior
Awareness need recognition Interest information search Evaluation evaluation of alternatives Trial purchase decision Adoption postpurchase behavior

6 Psychological Factors
Perceptions: biases and blind spots Beliefs, attitudes, and learning Positive reinforcement (next class) Motivation

7 Motivation: Maslow Self-Actualization Esteem Social Safety
Physiological

8 Actualizers Principle Oriented Status Oriented Action Oriented
Psychographics: VALS 2 Principle Oriented Status Oriented Action Oriented Achievers Strugglers Strivers Fulfilleds Believers Experiencers Makers Abundant Resources Minimal Resources

9 Time of Adoption of Innovations
Early Majority 34% Laggards 16% Innovators 2.5 % Late Majority 34% Early Adopters 13.5 %

10 Important Attributes in Buying
Convenience (most important attribute to a consumer?) Price Dependability quality of product Investment

11 Simple Model Buyer Marketing Characteristics Stimuli Buyer Response
Buying Decision Other Stimuli

12 Exercise Take out a piece of paper
Please answer the following questions

13 #1 Are you the person responsible for purchasing laundry detergent in your household? Yes No

14 #2 If YES to above, list the name of a laundry detergent that you purchase on a regular basis If NO to above, what is the name of the first laundry detergent brand that comes to mind?

15 #3 If YES to #1, list the reason(s) that you purchase this brand
If NO to #1, list the reason(s) that you think the brand you thought of is so popular

16 #4 What other brands of laundry detergent might you consider purchasing, and why?

17 #5 In your opinion, what is the most important feature for a laundry detergent?

18 Exercise: Create Model

19 Why would this be important to
Possible CB Model Price Purchase Decision Why would this be important to ? Availability Evoked Set of Brands Purchase Priority Decision Type Salient Features/ Benefits Family or Surrogate Influence How could they use this information?

20 Importance of Understanding Buyer Behavior
Construct model to help understand your buyers’ decision process Find influences and influencers Determine influential methods leverage costs by maximum effectiveness Determine reinforcement points Evaluate

21 For next class Read article “From Choices to Checkout...”
Bring taste-test materials


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