consumer behavior pp chapter 1
TRANSCRIPT
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Consumer Behavior:A Framework
John C. MowenMichael S. Minor
CONSUMER BEHAVIOR: A FRAMEWORK
John C. Mowen &Michael S. Minor
Chapter 1: An Introduction to Consumer Behavior
Published by Prentice, Inc.
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Concepts to Learn Definition of CB Consumer primacy Environmental
analysis Positioning/
differentiation Segmentation
Theory and CB Research
perspectives on consumer behavior
Exchange processes
Organizing model of consumer behavior
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Consumer Behavior . . .
. . . is defined as the study of the buying units and the exchange processes involved in acquiring, consuming, and disposing of goods, services, experiences, and ideas.
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Why Study Consumer Behavior?
Foundation of Marketing Management
Public Policy and Consumer Behavior
Altruistic Marketing Personal Value
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Three Research Perspectives on Consumer Behavior
The Decision-Making Perspective
The Experiential Perspective
The Behavioral Influence Perspective
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The Decision-Making Perspective . . .
. . . proposes that buying results from consumers perceiving that they have a problem and then they move through a series of rational steps to solve the problem
Problem Recognition
SearchAlternative Evaluation
ChoicePostacquistion Evaluation
Generic Decision Model
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The Experiential Perspective.
. . . proposes that in some instances buying results from the consumer’s need for fun, to create fantasies, obtain emotions, and feelings. Frequently uses interpretative research methods.
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The Behavioral Influence Perspective . . .
. . . assumes that strong environmental forces propel consumers to make purchases without necessarily first developing strong feelings or beliefs about the product.
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Exchange Processes and Consumer Behavior
Exchange is the process that involves the “transfer of something tangible or intangible, actual or symbolic, between two or more social actors.”
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Prerequisites for Exchange:
Two or more parties must be present Each party has something of value to the
other Each party is capable of communication and
delivery Each party must be free to accept or reject
the other's offer Each party must believe that it is
appropriate or desirable to deal with the other
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Elements of Exchange
Six Types of Resources Are Exchanged:
Goods
Service
Money
Information
Status
Feelings
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Dimensions of Exchange Relations
Four types of consumer exchange relations have been identified:
Restricted versus Complex Exchanges Internal versus External Exchanges Formal versus Informal Exchanges Relational versus Discrete
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Relational exchange Current hot topic in marketing Characteristics
long term reciprocal obligations non-economic rewards: market
embeddedness--social ties between buyer and seller increase perceived value of exchange.
extensive formal and informal communications high interdependence planning
Relational exchange practiced between members of marketing channel.
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Market Embeddedness The social ties between buyer and
seller increase the perceived value of the exchange.
Examples, house parties of: Tupperware Mary Kay Cosmetics
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Ethical Issues in Consumer Exchange Relations
Ethics is the study of the normative judgments concerned with what is morally right and wrong, good and bad.
Free riding: example of an unethical action.
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Ethical judgments deal with serious human injuries and benefits
may, or may not, be laid down by authority override self interest are based on impartial considerations
Ethical dilemma: a decision that involves the trade-off between lowering one’s personal values in exchange for increased organizational or personal profits.
Ethical exchange both parties know full nature of agreement nothing intentionally misrepresented or omitted no undue influence takes place via power.
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Ethical rules of thumb Golden rule: act in a way that you
would expect others to act toward you.
professional ethic: take actions that would be viewed as proper by an unbiased panel of colleagues.
TV test: Would I feel comfortable explaining my actions on national television?
Kant’s categorical imperative: forego acts, that if used as a universal principle of behavior, would result in negative societal outcomes.
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An Organizing Model of Consumer Behavior
The model has five primary components:
The Buying Unit The Exchange Process The Marketer’s Strategy The Individual Influencers The Environment
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Buying unit consumers, firms, government, non-profits, etc. Individual influencers
information processing behavioral learning motivation and personality beliefs, attitudes and behaviors communications decision making
Marketer, who develops strategy marketing mix segmentation and positioning employs marketing research to understand
consumers
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Environmental Analysis:
the marketer assesses the impact of each of the below facets of the environment on the firm.
situations groups and families culture subculture cross cultural issues regulatory environment
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Managerial Applications Analysis (PERMS)
Five factors to consider when using consumer behavior principles to develop managerial strategy are:
positioning and differentiation environmental analysis marketing research marketing mix segmentation