Analyzing Impulse Buying Behaviour among Shoppers: An ... · PDF fileAnalyzing Impulse Buying...
Transcript of Analyzing Impulse Buying Behaviour among Shoppers: An ... · PDF fileAnalyzing Impulse Buying...
Analyzing Impulse Buying Behaviour among Shoppers: An Interpretive Structural
Modelling Approach
Dr. Vinita Sahay Professor of Marketing
Indian Institute of Management Raipur India
• Rook (1987) defined impulse buying as when "a consumer experiences a sudden, often powerful and persistent urge to buy something immediately.”
• Impulse purchase is manifested through consumer’s tendency to buy spontaneously and unreflectively (Rook & Fisher, 1995).
• It is characterized by an unexpected, gripping, hedonically complex buying behaviour.
• Consumers tend to experience stronger feelings towards impulse purchases as compared to that of planned purchases (Gardner et al, 1988).
• However, past researches on impulse buying behaviour were more focused on the situational factors or individual factors affecting impulse buying (Rook, 1987; Gardner 1993; Rook and Fisher, 1995).
• This paper determine the directional linkages between the antecedent factors that lead to impulse buying.
INTRODUCTION
• Identifying the relative significance of various factors contributing
to impulse buying behaviour;
• Defining the nature of relationship between antecedent factors;
• Developing a conceptual model of impulsive buying behaviour
using interpretive structural modelling technique; and
• Inventorying implications for mall developers/retail managers.
OBJECTIVES OF STUDY
1. Delphi method
This method was used for
– Shortlisting the variables that contribute to impulse buying;
– Through qualitative assessment, endorse the presence of
relationship between each pair of contributing variables; and
– Postulate the accompanying direction of relationship between
these variables.
2. Interpretive Structural Modelling (ISM)
ISM facilitates in defining a problem or an issue by summarizing
inter-relationships among various variables contributing to the
intricate problem (Sage, 1977; Soti and Shankar, 2010).
Constructing an ISM comprises a number of steps
RESEARCH METHODOLOGY
ISM based model
FORMATION OF ISM-BASED MODEL
• In the current economic climate, it’s clear that Mall developer and
retailer face many challenges.
• This paper results show, promotional activities, hedonism,
merchandising display and socialization play a vital role in the
customer buying behaviour.
• Promotional activities and merchandising display can be used as
competitive tools for stimulating the buying behaviour of the
shoppers.
• Social media, online, and mobile technologies can be used as
promotional tools for promotion activities for persuading the shopper
for shopping.
• By embracing and successfully implementation of this model,
retailers can encourage and promote impulse buying.
Conclusion