buyer behavior
TRANSCRIPT
Buyer BehaviorBuyer Behavior
Decision-Making Unit Decision-Making Unit
Purchasing Unit Purchasing Unit
Consuming UnitConsuming Unit
……our marketing strategy just got more our marketing strategy just got more complicatedcomplicated
Buyer BehaviorBuyer Behavior
Consumer Buying ProcessConsumer Buying Process
Need arousalNeed arousal
triggering cuetriggering cue
internal or externalinternal or external
Search and Evaluation Search and Evaluation
information gathering and processinginformation gathering and processing
build confidence to make purchase decisionbuild confidence to make purchase decision
Buyer BehaviorBuyer Behavior
Consumer Buying Process Consumer Buying Process (cont..)(cont..)
PurchasePurchase
overcome the risk of purchaseovercome the risk of purchase
a transitory statea transitory state
Cognitive DissonanceCognitive Dissonance
post-purchase feedbackpost-purchase feedback
seek reassurance, information to justify purchaseseek reassurance, information to justify purchase
key to brand loyaltykey to brand loyalty
Buyer BehaviorBuyer Behavior
Learning ModelsLearning Models
Stimulus ResponseStimulus Response
change behavior from experiencechange behavior from experience
habits formed through repetitionhabits formed through repetition
CognitiveCognitive
experience not necessary for learningexperience not necessary for learning
Buyer BehaviorBuyer Behavior
Buyer Behavior ModelBuyer Behavior Model
““Black Box”Black Box”
Internal versus External ModelsInternal versus External Models
……psychological versus sociologicalpsychological versus sociological
Internal (psychological)
External(sociological)
culture
social class
reference groups
family
marketing mix
needs
motives
wants
awareness perception attitude preference
behavior
learning
personality
Buyer Behavior Model
Buyer BehaviorBuyer Behavior
Attitudes are anchored in behavior.Attitudes are anchored in behavior.
There are two ways to change attitudes:There are two ways to change attitudes:
……directly through awareness and perceptiondirectly through awareness and perception
… …indirectly through learning and the feedback loop.indirectly through learning and the feedback loop.
Buyer BehaviorBuyer Behavior
MotivationMotivationweight or importance of a needweight or importance of a need
rational motivesrational motives
economy, efficiency, dependabilityeconomy, efficiency, dependability
emotional motivesemotional motives
attract opposite genderattract opposite gender
care of loved onescare of loved ones
fear of rejectionfear of rejection
Buyer BehaviorBuyer Behavior
Motivation Motivation (cont..)(cont..)
use of emotional motives in marketinguse of emotional motives in marketing
““The Thing”The Thing”
Buyer BehaviorBuyer Behavior
AwarenessAwareness
yes or noyes or no
key first stepkey first step
““top-of-mind” awarenesstop-of-mind” awareness
BehaviorBehavior
Awareness (cont.)Awareness (cont.)
enter information searchenter information search
can come from internal or external triggering cuecan come from internal or external triggering cue
more receptive to marketing information flowsmore receptive to marketing information flows
Buyer BehaviorBuyer Behavior
PersonalityPersonality
pattern of characteristics unique to individualpattern of characteristics unique to individual
persists across broad spectrum of situationspersists across broad spectrum of situations
not a reliable predictor of buying behaviornot a reliable predictor of buying behavior
Buyer BehaviorBuyer Behavior
PerceptionPerception
process by which one receives, interprets, responds to process by which one receives, interprets, responds to stimulistimuli
selective perceptionselective perception
cross-sensory perceptioncross-sensory perception
subliminal perceptionsubliminal perception
Buyer BehaviorBuyer Behavior
Perception Perception (cont..)(cont..)
perceived riskperceived risk
performance riskperformance riskWill it function?Will it function?
psychological risk (psycho-social risk)psychological risk (psycho-social risk)Will it enhance well being?Will it enhance well being?
Buyer BehaviorBuyer Behavior
AttitudesAttitudes
Evaluative organization of beliefs, motives, attributesEvaluative organization of beliefs, motives, attributes
Attitude change is a key goal in marketingAttitude change is a key goal in marketing
Cognitive dissonance is inconsistent with behaviorCognitive dissonance is inconsistent with behavior
Cognitive, Affective, BehavioralCognitive, Affective, Behavioral
Buyer BehaviorBuyer Behavior
Sociological InfluencesSociological Influences
reference groupsreference groupsinfluence attitudes, perceptions, motivesinfluence attitudes, perceptions, motives
reduce riskreduce risk
primary versus secondaryprimary versus secondary
formal versus informalformal versus informal
aspirant versus disassociativeaspirant versus disassociative
opinion leader/celebrity effectsopinion leader/celebrity effects
Buyer BehaviorBuyer Behavior
Sociological Influences Sociological Influences (cont..)(cont..)
Social ClassSocial Class
lifestyle divisions of society based on occupation, wealth, lifestyle divisions of society based on occupation, wealth, power, educationpower, education
in U.S., largest class is not the lowestin U.S., largest class is not the lowest
individual perceptions are one social class higher than individual perceptions are one social class higher than realityreality
Buyer BehaviorBuyer Behavior
Sociological Influences Sociological Influences (cont...)(cont...)
CultureCulture
set of learned responses from a societyset of learned responses from a society
enculturation versus acculturation enculturation versus acculturation
Industrial Buyer BehaviorIndustrial Buyer Behavior
The industrial buying process looks different but:The industrial buying process looks different but:
…….it is just more complex with renamed buying situations.it is just more complex with renamed buying situations
Step 1(Needs) is split into three steps, 1, 2, 3,Step 1(Needs) is split into three steps, 1, 2, 3,
Step 2 (Search/Evaluation) becomes steps 4, 5, 6,Step 2 (Search/Evaluation) becomes steps 4, 5, 6,
Step 3 (Purchase) is step 7,Step 3 (Purchase) is step 7,
Step 4 (Cognitive Dissonance) is step 8 but is Step 4 (Cognitive Dissonance) is step 8 but is more deliberate more deliberate and intensive.and intensive.
Instead of convenience and shopping goods, it is called Instead of convenience and shopping goods, it is called “new task” and “straight rebuy.”“new task” and “straight rebuy.”
Buyer BehaviorBuyer Behavior
Innovation Process
Bell-shaped (normal) curve of the Innovation Process is the origin of the logistics or “S”- shaped curve. The latter is the first integral of the normal curve..This is also the basis for the Boston Consulting Group Model.
Innovators – 2.5%Early Adopters – 13.5%
Early Majority – 34%Late Majority – 34%
Laggards – 16%
If you are a fan of statistics, you will have noticed that the percent classifications of the Innovation Process are standard deviation percentages.