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Consumer Behavior-6 Decision Making Process & More Danny Abramovich Marketing Plan Specialist 1. Management 2. Marketing 3. Research 4. Segmentation 5. Consumer Behavior-4 6. Creativity
Course Schedule     Part 2 1.   Management 2.   Marketing 3.   Research 4.   Segmentation 5.   Consumer Behavior 6.   Creativity part 3 part 2
Course Main Topics   Management   Marketing   Research   Segmentation   Consumer Behavior   Creativity    
5.  Consumer Behavior  M e t h o d o l o g y Management Marketing Marketing Research Market Segmentation Consumer Behavior ©  Danny Abramovich
5.  CB     Definition C onsumer B ehavior How individuals or groups acquire, use and dispose of products, services, activities and ideas, in order to satisfy needs and desires over time.
5.  What Affects CB ? ,[object Object],[object Object],[object Object],[object Object],[object Object],
5.  What Affects CB ? D ecision Making Process C onsumer Behavior Outcomes   Psycho logical Core Internal Process C onsumer’s Culture External Process ,[object Object],[object Object],[object Object],[object Object]
5.2  Decision Making Process D ecision Making Process  ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
5.2  Decision Making Process R esearchers begin to realize that decision-makers evaluate the effort required to make a particular choice,  and only than he or she chooses a strategy best suited to the level of effort required ! Less rational when choosing art, music, or even a spouse ! ,[object Object],[object Object],[object Object],[object Object],Decision-making-process
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Problem recognition occurs when the consumer realizes a difference between his or her current state of affairs and some desired/ ideal state :    becomes aware of a need   !
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search    seeks information on how to fulfill his needs   !
5.2  Decision Making Process   External Search ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Internal search
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search I nd. Articles F riends (organic) Non commercial A dverts S ales Person Commercial Not personal Personal
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Product knowledge Amount of search
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Evaluation of Alternatives    analyzes the pro’s and con’s of most choices   !
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Evaluation of Alternatives
5.2  Decision Making Process Types of perceived risk when evaluating alternatives:    Functional    Financial    Physical-Safety    Social    Psychological    Time ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Evaluation of Alternatives
5.2  Decision Making Process Ine r t Set -  I am aware of the brand but will not buy it . Ine p t Set -  I am aware of the brand but will not consider buying it . E voked Set   -  Brands easily retrieved . ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Evaluation of Alternatives
5.2  Decision Making Process Decision-making-process Brand B Brand E Brand I Brand M Brand F All available Brands Brand A Brand B Brand C Brand D Brand E Brand F Brand G Brand H Brand I Brand J Brand  Brand L Brand M Brand N Brand O Evoked Set of Brands
5.2  Decision Making Process  All Brands Known Brands Unknown Brands Unacceptable Brands Overlooked Brands Indifferent Brands Acceptable Brands Not Purchased Brands Purchased Brands E voked Set   Ine p t Set   Ine r t Set   Decision-making-process E voked Set  ,[object Object],[object Object],[object Object],[object Object],Problem recognition Information Search Evaluation of Alternatives
5.2  Decision Making Process  Acceptable Brands Not Purchased Brands Purchased Brands Decision-making-process E voked Set & the Country of Origin  ,[object Object],[object Object],[object Object],[object Object],E voked Set   Problem recognition Information Search Evaluation of Alternatives
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Evaluation of Alternatives Purchase Decision    chooses among the available options to satisfy his needs   !
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Choice Problem Recognition Search Alternative Evaluation Post acquisition evaluation Complex Choice Simple Choice High-Involvement Decision Low-Involvement   Decision Extensive Search Limited Search Extended alternative evaluation Limited alternative evaluation
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Market place    Market space
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Market place    Market space Actors  = customer & shoppers    web surfer Cast  = salespeople & shoppers    www.auctions Setting  = store-ambiance     e-music Shoppers = Co-consumers = Social surroundings
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Market place    Market space Surroundings:  social & physical     social Temporal factors:  time & mood     time Shopping Experience:  loyalty cards, shop-in-shop, one-stop-shop, theme shopping:  POP Stimuli:  “5 senses & perceptions”  (ref. 2.1) Sales Interactions:  place-based media
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Evaluation of Alternatives Purchase Decision Post Purchase Outcomes
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Evaluation of Alternatives Purchase Decision Post Purchase Outcomes ,[object Object]
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Problem recognition Information Search Post Purchase Outcomes Purchase Decision Evaluation of Alternatives Ethical Issue:  NeuroMarketing Uses medical equipment such as fMRI (functional Magnetic Resonance Imaging) to  identify the combination of words & images that push the “buy buttons”.
5.2  Decision Making Process ,[object Object],[object Object],[object Object],[object Object],Decision-making-process Post-perception of quality:  got vs. expected! Cognitive dissonance (CD):  as people have a need for consistency in their beliefs and behaviors, certain    decisions may result in psychological tension. This is called CD. Product disposal:  environmentalism per culture.  Market place    Market space
5.2  Decision Making Process Decision-making-process
5.2  Decision Making Process
5.  What Affects CB ? ,[object Object],[object Object],[object Object],[object Object],[object Object], 
5.  What Affects CB ? D ecision Making Process C onsumer Behavior Outcomes   Psycho logical Core Internal Process C onsumer’s Culture External Process ,[object Object],[object Object],[object Object],[object Object]
5.3  Consumer’s Culture C onsumer’s Culture External Process ,[object Object],[object Object],[object Object],[object Object]
5.3  Consumer’s Culture External Processes    Regional and Ethnic Influences    Age, Gender, and Household Influences    Reference Groups ,[object Object],[object Object],[object Object],[object Object],External-process
5.3  Consumer’s Culture
5.  What Affects CB ? ,[object Object],[object Object],[object Object],[object Object],[object Object],  
5.  What Affects CB ? D ecision Making Process C onsumer Behavior Outcomes   Psycho logical Core Internal Process C onsumer’s Culture External Process ,[object Object],[object Object],[object Object],[object Object]
5.4  Consumer Behavior Outcomes C onsumer Behavior Outcomes  ,[object Object],[object Object],[object Object],[object Object]
5.4  CB Outcomes    CB Can Symbolize Who We Are.    CB Can Diffuse Throughout a Market.    CB Can Have Negative Chain Reactions. ,[object Object],[object Object],[object Object],[object Object],Consumer’s-behavior-outcomes
5.4  Consumer Behavior Outcomes
5.  What Affects CB ? ,[object Object],[object Object],[object Object],[object Object],[object Object],   
Course Main Topics   Management   Marketing   Research   Segmentation   Consumer Behavior   Creativity     
6.  Creativity    M e t h o d o l o g y Management Marketing Marketing Research Market Segmentation Consumer Behavior Creativity ©  Danny Abramovich
 

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Consumer Bahavior-6 a Marketing Plan prerequisite by www.marketingPlanNOW.com

  • 1. Consumer Behavior-6 Decision Making Process & More Danny Abramovich Marketing Plan Specialist 1. Management 2. Marketing 3. Research 4. Segmentation 5. Consumer Behavior-4 6. Creativity
  • 2. Course Schedule  Part 2 1. Management 2. Marketing 3. Research 4. Segmentation 5. Consumer Behavior 6. Creativity part 3 part 2
  • 3. Course Main Topics Management Marketing Research Segmentation Consumer Behavior Creativity    
  • 4. 5. Consumer Behavior  M e t h o d o l o g y Management Marketing Marketing Research Market Segmentation Consumer Behavior © Danny Abramovich
  • 5. 5. CB  Definition C onsumer B ehavior How individuals or groups acquire, use and dispose of products, services, activities and ideas, in order to satisfy needs and desires over time.
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  • 21. 5.2 Decision Making Process Decision-making-process Brand B Brand E Brand I Brand M Brand F All available Brands Brand A Brand B Brand C Brand D Brand E Brand F Brand G Brand H Brand I Brand J Brand Brand L Brand M Brand N Brand O Evoked Set of Brands
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  • 33. 5.2 Decision Making Process Decision-making-process
  • 34. 5.2 Decision Making Process
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  • 39. 5.3 Consumer’s Culture
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  • 44. 5.4 Consumer Behavior Outcomes
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  • 46. Course Main Topics Management Marketing Research Segmentation Consumer Behavior Creativity     
  • 47. 6. Creativity  M e t h o d o l o g y Management Marketing Marketing Research Market Segmentation Consumer Behavior Creativity © Danny Abramovich
  • 48.