Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making...

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Chapter 6 Consumer Behavior

Transcript of Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making...

Page 1: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Chapter 6

Consumer Behavior

Page 2: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Objectives

Understand basic model of CBUnderstand decision making processAppreciate risk, choice criteria,

satisfaction, dissonanceRecognize influence of individual factorsUnderstand role of culture & subcultureIdentify social class influencesRecognize influence of reference groupsKey aspects of joint decision making

Page 3: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Behavioral Fundamentals:

B = ƒ(P,E)

Personal interaction

Environment

+

Behavior

Page 4: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Environmental ForcesEnvironmental Forces

Individual FactorsIndividual Factors

The Decision Making Process

CultureSub-

cultureSESReference

groups

MotivesPerceptionInformation

processing

FamilySocial values,

norms, rolesSituationsMarketing mix

LearningAttitudesPersonality

Page 5: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Decision Making: Situations

LessInvolvement

MoreInvolvement

RoutineResponseBehavior

RoutineResponseBehavior

LimitedDecisionMaking

LimitedDecisionMaking

ExtensiveDecisionMaking

ExtensiveDecisionMaking

Page 6: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Decision Making Process

Problemrecognition

Page 7: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Decision Making: Problem Recognition &

InvolvementHigh Involvement

Low Involvement

Problemid

Infosearch

Eval Choice

Problemid

Limitedsearch

ChoiceConsumeLimited

Eval

No buy:Stop/Restart

Buy:Consume/Eval

Page 8: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

The Decision Making Process

Problemrecognition

Informationsearch

Level of perceived riskPerformance riskFinancial riskPhysical riskSocial riskTime-loss risk

Page 9: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

The Decision Making Process

Problemrecognition

Informationsearch

Information SearchInternal searchExternal search

TimeEffortMoney

Page 10: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Decision Making Process

Problemrecognition

Informationsearch

Alternativeevaluation

Choice criteria FeaturesComplexity

PerformancePerformance

Lots of storageLots of storage

Variety ofVariety ofcolorscolors

SafetySafety

Page 11: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Decision Making Process

Problemrecognition

Informationsearch

Alternativeevaluation

Purchasedecision

Post-purchaseconsumption &

evaluation

Purchase satisfaction and dissatisfaction

Cognitive dissonance

Page 12: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Simple model of motivated behavior

Goal-directed

search forincentive

causing

SatisfactionDissatisfaction

yielding

Stimulus acts upon Basic need

creating Motive

resulting in

Responsebehavior

Page 13: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Individual Factors: Maslow’s Hierarchy of

Needs

PhysiologicalPhysiological

SafetySafety

SocialSocial

EsteemEsteem

Self-ActualizationSelf-Actualization

Page 14: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Individual Factors: Perception

Selective perceptionSelective exposureSelective attentionSelective interpretationStimulus factorContextIndividual factor

That fish was at least 8 pounds

Page 15: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

“Any change in behavior or cognition resulting from experience or interpretation of experience.”

Individual Factors:Learning

Page 16: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Attitudes

Cognition Affect

Behavior

Attitude

TraditionalTraditional

ModernModern Cognition AffectBehavioralintentions

Page 17: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Individual Influences on the Decision-making

Process

PersonalitySelf concept

the real selfthe ideal self

Page 18: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Interpersonal Influences on the Decision-making

ProcessSocial values,

norms, roleCultureSubcultureSocial classReference

groupsFamilySocial situations

Page 19: Chapter 6 Consumer Behavior Objectives bUnderstand basic model of CB bUnderstand decision making process bAppreciate risk, choice criteria, satisfaction,

Review

Understand basic model of CBUnderstand decision making processAppreciate risk, choice criteria,

satisfaction, dissonanceRecognize influence of individual factorsUnderstand role of culture & subcultureIdentify social class influencesRecognize influence of reference groupsKey aspects of joint decision making