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Apple - Consumer Behaviour

  1. 1. B E H A V I O U R C O N S U M E R
  2. 2. Presentation Agenda Consumer Behaviour Factors affecting Consumer Behaviour Apple Inc – Introduction Brand Loyalty How do they do it? Conclusion 2
  3. 3. Consumer Behaviour • Those activities directly involved in obtaining, consuming and disposing of products & services, including the decision process that precede & follow these actions. • Most large companies research consumer buying decisions in great detail to answer questions about what consumers buy, where they buy, how and how much they buy, when they buy, and why they buy. • But learning about the whys of consumer buying behavior is not so easy—the answers are often locked deep within the consumer’s mind. Apple - Consumer Behaviour 3
  4. 4. Factors affecting Consumer Behaviour Cultural Personal Psychological Social Apple - Consumer Behaviour 4
  5. 5. Cultural Factors Marketers need to understand the role played by the buyer’s culture, subculture, and social class. Culture - It is the set of basic values perceptions, wants, and behaviours learned by a member of society from family and other important institutions. Sub Culture - There are many groups of people in nearly every country who share common geographic, ethnic, racial, or religious backgrounds. Social Class - Every society has its status groupings largely based on similarities in income, education, and occupation. Apple - Consumer Behaviour 5
  6. 6. Social Factors A consumer’s behavior also is influenced by social factors, such as the consumer’s small groups, family, and social roles and status. Groups - A person’s behaviour is influenced by many small groups. Some are primary groups such as family. Some are secondary groups, which are more formal and have less regular interaction. Family – It is the most important consumer buying organization in society, and it has been researched extensively. Roles and Status - A role consists of the activities people are expected to perform according to the people around them. Apple - Consumer Behaviour 6
  7. 7. Personal Factors Age & Life cycle Stage - Tastes in food, clothes, furniture, and recreation are often age related. Occupation - Blue collar workers tend to buy more rugged work clothes, whereas white-collar workers buy more business suits. Economic situation - A person’s economic situation will affect his product choices. Marketers watch trends in personal income, savings, and interest rates. Life Style - Life Style is a person’s Pattern of living. it includes AIO dimensions, i.e., Activities, Interest and Opinions. Personality - Personality refers to the unique psychological characteristics that distinguish a person or group. Apple - Consumer Behaviour 7
  8. 8. Psychological Factors Motivation - A person has many needs at any given time. A need becomes a motive when it is aroused to a sufficient level of intensity. Perception – It is the process by which people select, organize, and interpret information to form a meaningful picture of the world. Learning - Learning describes changes in an individual’s behavior arising from experience. Beliefs – It is a descriptive thought that a person has about something. It may be based on real knowledge, opinion, or faith. Attitude - It describes a person’s relatively consistent evaluations, feelings, and tendencies toward an object or idea. Apple - Consumer Behaviour 8
  9. 9. Apple Inc - Introduction Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976 to develop and sell personal computers. It was named Apple Inc. on January 9, 2007 to reflect its focus towards consumer electronics. Its best-known hardware products are the Mac line of computers, the iPod media player, the iPhone smartphone, and the iPad tablet computer. Apple has continuously come up with innovative products making it the most valuable company in the world and leaving behind all its competitors. 9Apple - Consumer Behaviour
  10. 10. Brand Loyalty Few brands have such intense loyalty as that found in the hearts of core Apple buyers. At one end are the quietly satisfied Mac users, folks who own a Mac and use it for e-mailing, browsing, and social networking. At the other extreme, however, are the MacHeads or Macolytes. The Urban Dictionary defines a Macolyte as “one who is fanatically devoted to Apple products.” Apple knows that, to Apple buyers, a Mac computer or an iPhone is much more than just a piece of electronic equipment. It’s a part of the buyer’s own self- expression and lifestyle—a part of what each person is” Apple - Consumer Behaviour 10
  11. 11. How do they do it? In an interview with Fortune a few years ago, Steve Jobs explained that Apple never does market research. Rather, they simply preoccupy themselves with creating great products. This is what makes it the most innovative company. “It isn't the consumers' job to know what they want. It's hard for [consumers] to tell you what they want when they've never seen anything remotely like it. “ Apple - Consumer Behaviour 11
  12. 12. They do market research on their own customers and what draws them to Apple products in the first place. And they don’t reveal the result of these research to outsiders because if a competitor were to find out what drives iPhone purchases - whether it be FaceTime, battery life, or Siri - it would serve as an unfair competitive edge to rival companies. Apple - Consumer Behaviour 12
  13. 13. An analyst says, “Apple is a marketing and creative genius with a rare ability to get inside the imaginations of consumers and understand what will captivate them.” Apple’s obsession with understanding customers and deepening their Apple experience shows in everything the company does. Eg: The Apple stores invite shoppers to stay a while, use the equipment, and soak up all of the exciting new technology. Apple - Consumer Behaviour 13
  14. 14. Conclusion The Apple example shows that factors at many levels affect consumer buying behavior. Buying behavior is never simple, yet understanding it is an essential task of marketing management and the one who is able to do it successfully, comes out as the winner. Apple - Consumer Behaviour 14
  15. 15. Thank You Apple - Consumer Behaviour 15

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