This document discusses consumer behavior and information search patterns as they relate to marketing strategies. It defines key concepts in consumer behavior like the difference between rational and real-life consumers. It also outlines the consumer decision-making process and how internal and external influences affect behavior. The document then describes different types of information consumers seek and products. It concludes by explaining different marketing strategies companies can use based on a consumer's information search patterns and whether the brand is in their consideration set, including maintenance, disrupt, capture, preference, and acceptance strategies.
2. LEARNING OBJECTIVES
Review Consumer Behavior & Decision
making process.
Rational Consumer VS Real life Consumer
Definition
Nature of Consumer Behavior
Consumer Behavior and Marketing Strategy
Briefly describe the Information search
process
Outline Marketing Strategies Based on
Information Search Patterns.
3. Rational Customer……
Has consistence, stable
preferences.
Evaluate alternative in an
unbiased manner.
Know (and choose) the things
that will make him happy.
4. Real Life Consumer…..
Individuals are often described as seeking
satisfactory (be happy) rather than optimum
choices.
Consumers rarely have adequate information,
motivation or time to make such a ‘perfect’
decision and are often acted upon by less rational
influences such as social relationships and values
5. Real Life Consumer…..
Is sensitive to contextual factors
some of which occur unconsciously.
Uses simplifying heuristics (tools)
to evaluate information.
Makes suboptimal decisions he
may later regret.
6. Definition
“Consumer behavior……
• Is the study of the processes involved
when individuals or groups select,
purchase, use or dispose of products,
services, ideas or experiences to
satisfy needs and desires.” and the
impacts that these processes have
on the consumer and society.
7. Consumer Purchase Behavior
Post Purchase Behavior
Purchase
Evaluation of Alternatives
Information Search
Awareness ( Need Recognition )
8. The Nature of Consumer
Behavior
External Influences
Internal Influences
Self-Concept &
lifestyle
Situations
Experiences and
acquisitions
9. The Nature of Consumer Behavior
1-9
Overall Conceptual Model of Consumer Behavior
10. Self-Concept and Lifestyle
• Self-concept is the totality of an individual’s
thoughts and feelings about him- or herself.
• Lifestyle is how one lives, including the
products one buys, how one uses them,
what one thinks about them, and how one
feels about them.
• Lifestyle is the manifestation of the
individual’s self-concept
The Nature of Consumer Behavior
11. External Influences
From macro groups to micro groups:
• Culture
• Subculture
• Demographics.
• Social status
• Reference groups
• Family
• Marketing activates
The Nature of Consumer Behavior
12. Perception
The process by which
individuals receive and
assign meaning to stimuli.
Learning
Changes in the contents
of long term memory.
Memory
Total accumulation of prior
learning experiences
The Nature of Consumer Behavior
Internal Influences
13. Motives The reason for a behavior.
Personality
An individual characteristic response
tendencies across similar situations
Emotions
Strong relatively uncontrolled feelings that
affect our behavior.
Attitudes
The way a person think, feels, and acts toward
some aspects of his or her environment.
The Nature of Consumer Behavior
Internal Influences
14. Situations and Consumer
Decisions
• Consumer decisions result from perceived
problems and opportunities.
• Consumer problems arise in specific
situations and the nature of the situation
influences the resulting consumer behavior.
The Nature of Consumer Behavior
15. Marketing Strategy and Consumer Behavior
Consumer
behavior is
the basis for
strategy
formulation
Consumer
Reaction to the
marketing
strategy
determine the
success or
failure
20. Nature of Information Search
Internal Search
• Search of long-
term memory to
determine if a
satisfactory
solution is known.
External Search
• If a resolution is not
reached through
internal search, then
the search process is
focused on relevant
external information.
Consumers continually recognize problems and opportunities,
so internal and external searches for information to solve these
problems are ongoing processes.
22. Product Classifications
Consumer Products
26
Unsought Products
New innovations
Products consumers don’t
want to think about these products
i.e blood donation, car towing
services, burial services, dental
work
Specialty Products
Special purchase efforts
High price
Unique characteristics
Brand identification
Few purchase locations
i.e Lamborghini, Rolex
Shopping
Products
Buy less frequently
Higher price
Fewer purchase locations
Comparison shop
i.e Clothing, cars, appliances
Convenience
Products
Buy frequently & immediately
Low priced
Mass advertising
Many purchase locations
i.e Candy, newspapers
23. Positioning Marketing Strategies Based
on Information Search Patterns
Position
Target Market Decision-Making Pattern
Nominal
decision making
NO Search
Limited decision
making
Limited Search
Extended
decision making
Extended
Search
Brand in
Evoked set
Maintenance
Strategy
Capture
Strategy
Preference
Strategy
Brand not in
Evoked set
Disrupt
Strategy
Intercept
Strategy
Acceptance
Strategy
24. 15-32
If the brand is purchased habitually by the
target market, the marketer’s strategy is to
maintain that behavior
This requires consistent attention to
product quality, distribution, and a
reinforcement advertising strategy.
Maintenance Strategy
26. If the brand is not part of the evoked set and the target
market engages in nominal decision making, the marketer’s
first task is to disrupt the existing decision pattern.
Major Tactic;
Attention Attracting Advertising Campaign
Tools include:
•Free samples, coupons, rebates, and tie-in sales.
•Striking package designs and point-of-purchase displays.
•Comparative advertising.
Disrupt Strategy
27. Disrupt Strategy Example
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Soy products are a
good example of
how disrupt
strategies have
been used to induce
trial adoption.
28. Limited decision making generally involves a few brands
evaluated on only a few criteria.
Brand is in evoked set.
Search occurs mainly at the point-of-purchase or in
readily available media.
Objective is to capture as large a share as practical.
Capture Strategy
29. 15-38
The marketer will want to supply information, often on
price and availability, on their website, in local media
through advertising, and at the point-of-purchase through
displays and adequate shelf space.
Capture Strategy
Implementing a capture strategy also
requires emphasis on maintaining
consistent product quality and adequate
distribution
30. 15-39
If limited decision making and brand is not part of evoked
set, objective will be to intercept the consumer during
search.
Major Tactic;
Attention Attracting Advertising Campaign
Tools include:
Emphasis will be on local media, point-of-purchase
displays, shelf space, package design, etc.
Coupons, low-involvement learning, product
improvement and free samples can also be effective.
Intercept Strategy
31. 15-40
Extended decision making with the brand in the evoked
set requires a preference strategy.
A simple capture strategy not likely adequate.
Instead, marketer needs to structure an information
campaign so brand becomes preferred by target market
such as:
Extensive advertising to groups that don’t purchase
the item but recommend it o others (e.g.
Pharmaceuticals medical promotion)
Preference Strategy
32. 15-41
Similar to preference strategy, but complicated by fact that
target market is not seeking information about the brand.
Beyond preference strategy, marketer must attract
consumer attention or motivate brand learning.
Incentives to try product
Long-term advertising to enhance low-involvement
learning
Use of the Internet are useful for gaining
acceptance.
Acceptance Strategy
33. Chrysler Acceptance Strategy
Product improvement and heavy
advertising.
Offering cash to individuals who would test
drive Chrysler product prior to purchasing a
new car
34. What is your evaluation??
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