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IPE 4101:Industrial and Business Management
Lecture Series on Marketing Management
Course Instructor:
Md. Zahidul Islam
Lecturer, Department of IPE, RUET
Analyzing
Consumer Markets
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-3
Chapter Questions
 How do consumer characteristics influence
buying behavior?
 What major psychological processes influence
consumer responses to the marketing
program?
 How do consumers make purchasing
decisions?
 In what ways do consumers stray from a
deliberate rational decision process?
Consumer Behavior
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-4
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-5
What Influences
Consumer Behavior?
Cultural Factors
Social Factors
Personal Factors
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-6
What is Culture?
Culture is the fundamental determinant of a
person’s wants and behaviors acquired
through socialization processes with family
and other key institutions.
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-7
Subcultures
 Nationalities
 Religions
 Racial groups
 Geographic regions
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-8
Fast Facts About
American Culture
 The average American:
 chews 300 sticks of gum a year
 goes to the movies 9 times a year
 takes 4 trips per year
 attends a sporting event 7 times each
year
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-9
Social Classes
Upper uppers
Lower uppers
Upper middles
Middle
Working
Upper lowers
Lower lowers
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-10
Social Factors
Reference groups
Family
Social roles
Statuses
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-11
Reference Groups
 Membership groups
 Primary groups
 Secondary groups
 Aspirational groups
 Disassociative groups
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-12
Family Distinctions
Affecting Buying Decisions
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-13
Personal Factors
 Age
 Life cycle stage
 Occupation
 Wealth
 Personality
 Values
 Lifestyle
 Self-concept
Age and Stage of Lifecycle
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-14
Occupation and Economic
Circumstances
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-15
Personality
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-16
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-17
Brand Personality
 Sincerity
 Excitement
 Competence
 Sophistication
 Ruggedness
Figure 6.1 Model of
Consumer Behavior
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-18
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-19
Motivation
Freud’s
Theory
Behavior
is guided by
subconscious
motivations
Maslow’s
Hierarchy
of Needs
Behavior
is driven by
lowest,
unmet need
Herzberg’s
Two-Factor
Theory
Behavior is
guided by
motivating
and hygiene
factors
Maslow’s Hierarchy
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-20
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-21
Perception
 Selective attention
 Stimuli that relate to a current need
 Stimuli they anticipate
 Stimuli with large deviations
 Selective retention
 Tendency to interpret information in a way that will fit our preconceptions
 Consumers will often distort information to be consistent with prior brand and
product beliefs.
 Selective distortion
 We remember good points about a product we like
 And forget bad points
 Advantage of strong brands
 Subliminal perception
 Mental Processes include many subtle subconscious effects
 Hidden message conveyed through the advertisement
 These message affect the behavior of the
Learning
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-22
Learning
Drive
Cue
Generalization
Discrimination
Emotions
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-23
Emotions
Amusement
Disgust
Wonder
Memory
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-24
Memory
ShortTerm Memory(STM)
LongTerm Memory(LTM)
Memory Encoding
Memory Retrieval
Interference Effect
Time between exposure and encoding
Proper cues and memory triggers
Figure 6.3 State Farm Mental Map
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-25
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-26
Figure 6.4 Consumer Buying Process
Problem Recognition
Information Search
Evaluation of alternatives
Purchase Decision
Postpurchase Behavior
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-27
Sources of Information
Commercial
Personal
Public Experiential
Figure 6.5 Successive Sets in
Decision Making
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-28
Table 6.4 A Consumer’s Brand
Beliefs about Laptop Computers
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-29
Figure 6.6 Steps Between
Alternative Evaluation
and Purchase
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-30

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MM Chapter 6.ppt

  • 1. IPE 4101:Industrial and Business Management Lecture Series on Marketing Management Course Instructor: Md. Zahidul Islam Lecturer, Department of IPE, RUET
  • 3. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-3 Chapter Questions  How do consumer characteristics influence buying behavior?  What major psychological processes influence consumer responses to the marketing program?  How do consumers make purchasing decisions?  In what ways do consumers stray from a deliberate rational decision process?
  • 4. Consumer Behavior Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-4
  • 5. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-5 What Influences Consumer Behavior? Cultural Factors Social Factors Personal Factors
  • 6. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-6 What is Culture? Culture is the fundamental determinant of a person’s wants and behaviors acquired through socialization processes with family and other key institutions.
  • 7. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-7 Subcultures  Nationalities  Religions  Racial groups  Geographic regions
  • 8. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-8 Fast Facts About American Culture  The average American:  chews 300 sticks of gum a year  goes to the movies 9 times a year  takes 4 trips per year  attends a sporting event 7 times each year
  • 9. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-9 Social Classes Upper uppers Lower uppers Upper middles Middle Working Upper lowers Lower lowers
  • 10. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-10 Social Factors Reference groups Family Social roles Statuses
  • 11. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-11 Reference Groups  Membership groups  Primary groups  Secondary groups  Aspirational groups  Disassociative groups
  • 12. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-12 Family Distinctions Affecting Buying Decisions
  • 13. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-13 Personal Factors  Age  Life cycle stage  Occupation  Wealth  Personality  Values  Lifestyle  Self-concept
  • 14. Age and Stage of Lifecycle Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-14
  • 15. Occupation and Economic Circumstances Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-15
  • 16. Personality Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-16
  • 17. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-17 Brand Personality  Sincerity  Excitement  Competence  Sophistication  Ruggedness
  • 18. Figure 6.1 Model of Consumer Behavior Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-18
  • 19. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-19 Motivation Freud’s Theory Behavior is guided by subconscious motivations Maslow’s Hierarchy of Needs Behavior is driven by lowest, unmet need Herzberg’s Two-Factor Theory Behavior is guided by motivating and hygiene factors
  • 20. Maslow’s Hierarchy Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-20
  • 21. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-21 Perception  Selective attention  Stimuli that relate to a current need  Stimuli they anticipate  Stimuli with large deviations  Selective retention  Tendency to interpret information in a way that will fit our preconceptions  Consumers will often distort information to be consistent with prior brand and product beliefs.  Selective distortion  We remember good points about a product we like  And forget bad points  Advantage of strong brands  Subliminal perception  Mental Processes include many subtle subconscious effects  Hidden message conveyed through the advertisement  These message affect the behavior of the
  • 22. Learning Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-22 Learning Drive Cue Generalization Discrimination
  • 23. Emotions Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-23 Emotions Amusement Disgust Wonder
  • 24. Memory Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-24 Memory ShortTerm Memory(STM) LongTerm Memory(LTM) Memory Encoding Memory Retrieval Interference Effect Time between exposure and encoding Proper cues and memory triggers
  • 25. Figure 6.3 State Farm Mental Map Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-25
  • 26. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-26 Figure 6.4 Consumer Buying Process Problem Recognition Information Search Evaluation of alternatives Purchase Decision Postpurchase Behavior
  • 27. Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-27 Sources of Information Commercial Personal Public Experiential
  • 28. Figure 6.5 Successive Sets in Decision Making Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-28
  • 29. Table 6.4 A Consumer’s Brand Beliefs about Laptop Computers Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-29
  • 30. Figure 6.6 Steps Between Alternative Evaluation and Purchase Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall 6-30