McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. ● Completing Transition from class website to Facebook for Announcement by this week ● RSRP, Grades ● Review Evaluative criteria/ Consideration Set Cognitive Dissonance/Miser ● Extended/Limited/Routine Problem Solving depending on the level of involvement & product knowledge FIGURE 4-4 Influences on the consumer purchase decision process from both internal and external sources *5 Situational influence (at bottom) 1) Purchase task (gift, social visibility, buyer’s own) 2) Social surroundings (with kids, buy more) 3) Physical surroundings (décor, music, …) 4) Temporal effects (time of day or time availability) 5) Antecedent states (mood, cash on hand) 4-3 LEARNING OBJECTIVES (LO) AFTER READING CHAPTER 4, YOU SHOULD BE ABLE TO: LO1 LO2 Describe the stages in the consumer purchase decision process. Distinguish among three variations of the consumer purchase decision process: routine, limited, and extended problem solving. LO3 Identify major psychological influences on consumer behavior. LO4 Identify major sociocultural influences on consumer behavior. 4-4 LO3 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR MOTIVATION is the energizing force that stimulates behavior to satisfy a need markers try to arouse these needs. Motivation Hierarchy of Needs • Physiological Needs (food, water,…) • Safety Needs (2 things: smoke detector, insurance,…) • Social Needs (dating sites, fragrance companies,…) • Personal Needs (prestige, respect; Brooks Brothers Colothier) • Self-Actualization Needs (US Army, “Be all you can be”) 4-5 FIGURE 4-5 Hierarchy of needs Match.com Maslow’s hierarchy of needs 4-6 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR LO3 PERSONALITY Personality A person’s consistent behaviors or response to recurring situations; it guides and directs behaviors Traits enduring characteristics within a person or in his or her relationships with others Self-Concept The way people see themselves vs. Ideal-self concept (Lenovo - notebook self expression?) 4-7 LO3 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR PERCEPTION Perception the process by which an individual selects, organizes, and interprets information to create a meaningful picture of the world. • Selective Perception- brain attempts to organize & interpret Information with process • Selective Exposure – attention to the consistent, ignore to Inconsistent; likely to see McDonald Ad when you are hungry • Selective Comprehension – Toro’s Snow Pup • Selective Retention – limited cognitive capability Subliminal Perception - you see or hear message without being aware of them 4-8 LO3 MAKING RESPONSIBLE DECISIONS The Ethics of Subliminal Messages 4-9 LO3 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR PERCEIVED RISK Strategies to Reduce Perceived Risk – “The anxiety felt when a consumer cannot anticipate possible negative outcome of a purchase”; Thus, perceived risk affects consumer behavior (ex: information search, purchase,…) • Obtain Seals of Approval- Good Housekeeping seal for Fresh Step cat litter • Secure Endorsements – 9 out of 10 cardiologists • Provide Free Trials/Samples – Mary Kay’s Velocity fragrance • Give Extensive Instructions – Clairol hair coloring products • Provide Warranties/Guarantees – Kia 10 yrs/100K miles warranty 4-10 LO3 Fresh Step and Mary Kay Velocity What strategy is used to reduce perceived risk? 4-11 LO3 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR LEARNING Learning - behaviors that result from repeated experience and reasoning Behavioral Learning – the process of developing automatic response to a situation built upon through repeated exposure to it. • Drive (Hunger) • Response • Cue • Reinforcement Being hungry (drive), a consumer see a cue (a billboard), takes action (buys a sandwitch) and receives a reward (= reinforcement, taste) 4-12 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR LO3 LEARNING Behavioral Learning - is the process of developing automatic response to a situation built up through repeated exposure to it. • Stimulus Generalization – occurs when a response elicited By one stimulus (cue) is generalized to another stimulus. (Tylenol Cold & Flu vs. Tylenol PM) • Stimulus Discrimination – refers to a person’s ability to Perceive differences in stimuli. (light beers vs. Bud Light) Cognitive Learning-also learn through thinking, reasoning, and mental problem solving w/o direct experience (making a connection between two – brand (Advil) and idea (pain reliever) Brand Loyalty - a favorable attitude toward and consistent Purchase of a single brand over time 4-13 LO3 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR VALUES, ATTITUDES AND BELIEFS Attitude Formation • Attitude – a tendency to respond to something in a consitently favorable or unfavorable way • Values – personal values affect attitudes by influencing The importance assigned to specific product attributes • Beliefs - A consumer’s perception of how a product or Brand performs 4-14 LO3 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR VALUES, ATTITUDES AND BELIEFS Attitude Change 1. Change Beliefs about the extent to which a brand has certain Attributes (ex: Mayo’s Omega 3 content) 2. Change Perceived Importance of Attributes: Pepsi stamped Freshness dates 3. Add New Product Attributes (new antibacterial ingredient) 4-15 LO3 Colgate and Hellmann's How did these ads change attitudes? 4-16 LO3 PSYCHOLOGICAL INFLUENCES ON CONSUMER BEHAVIOR CONSUMER LIFESTYLE Lifestyle – a mode of living that is identified by how people spend their time and resources Psychographics 4-17 FIGURE 4-B VALS™ identifies eight consumer segments INNOVATORS Sophisticated, Change Leading, Active, Take Charge ACHIEVERS Successful, Career & Family Oriented, Moderate THINKERS EXPERIENCERS Information Seeking, Satisfied, Reflective Risk Seeking, Enthusiastic, Impulsive BELIEVERS MAKERS Conservative, Conventional, Traditional Homegrown, Self Sufficient, Macho, Family Oriented STRIVERS Trendy, Approval, Seeking, Disenfranchised SURVIVORS Passive, Risk Averse, Constrained Copyright © 2010 by Strategic Business Insights. All rights reserved. 4-18 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR LO4 PERSONAL INFLUENCE A consumer’s purchase are often Influenced by others’ view, opinion, and behaviors Opinion Leaders – individuals who have social influence over others Word of Mouth (WOM) – people influencing each other in personal conversations. Negative WOM • Buzz – popularity created by Consumers’ WOM 4-19 LO4 MARKETING MATTERS BZZAgent—The Buzz Experience 4-20 LO4 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR REFERENCE GROUPS Reference Groups – people to whom an individual looks as a basic for self-appraisal or as a source of personal standards • Membership Group – is one to which a person actually belongs, Including fraternities/sororities, social clubs, and family • Aspiration Group – is one that a person wishes to be a member Of or wishes to be identified with • Dissociative Group – on that a person wishes to maintain a distance From because of differences in values or behaviors 4-21 LO4 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR FAMILY INFLUENCE Consumer Socialization – The process by which people acquire the skills, knowledge, and attitude necessary to function as consumers is called XXX Children learn how to purchase 1) interaction, 2) through direct experience Family Life Cycle • Traditional Family – married couple With children younger than 18 years – 21% US household 4-22 FIGURE 4-6 Modern family life cycle stages and flows 4-23 LO4 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR FAMILY INFLUENCE Family Decision-Making • Styles Spouse-Dominant – either Joint – decisions by both • Family Member Roles Information Gatherer Purchaser Influencer User Decision Maker 4-24 LO4 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR FAMILY INFLUENCE • 89% of wives either influence or make outright purchases of men’s clothing • Women are often the grocery decision maker, not necessarily the purchaser (51% men) •Preteens and teenagers are the information gatherers, influencers, decision makers, and purchasers of products and services for the family, given the prevalence of working parents and single-parent households. Spending $200billion annually 4-25 LO4 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR CULTURE AND SUBCULTURE Culture Subcultures - subgroups within the larger, or Nissan Ad national, culture with unique values, ideas, and attitudes • Hispanic Buying Patterns Why challengeable? • African American Buying Patterns • Asian American Buying Patterns Socioeconomics status Assimilated Asian American Nonassimilated Asian American 4-26 LO4 SOCIOCULTURAL INFLUENCES ON CONSUMER BEHAVIOR SOCIAL CLASS Social Class • Upper Class • Middle Class • Working/Lower Class 4-27 VIDEO CASE 4 GROUPON: HELPING CONSUMERS WITH PURCHASE DECISIONS 4-28 VIDEO CASE 4 GROUPON 1. 2. 3. 4. 5. 6. 7. 8. 9. Branding: GROUPON What is the unmet needs of consumers? The predecessor (?) was successful? What they learned? Win-Win for everyone? Why? GROUPON’s Marketing Mix (Offering: product price promotion place?; External Changes?) What is Groupon Promise? What’s the influence on Perceived Risk? 5 stages What is the target market? Its demographic? SWOT 4-29 VIDEO CASE 4 GROUPON 1. How has an understanding of consumer behavior helped Groupon grow from 400 subscribers in Chicago in 2008 to 60 million subscribers in 40 countries today? 4-30 VIDEO CASE 4 GROUPON 2. What is the Groupon Promise? How does the Promise affect a consumer’s perceived risk and cognitive dissonance? 4-31 VIDEO CASE 4 GROUPON 3. Describe the five-stage purchase decision process for a typical Groupon user. 4-32 VIDEO CASE 4 GROUPON 4. What are possible psychological and sociological influences on the Groupon consumer purchase decision process? 4-33 VIDEO CASE 4 GROUPON 5. What challenges does Groupon face in the future? What actions would you recommend related to each challenge? 4-34 Motivation Motivation is the energizing force that stimulates behavior to satisfy a need. 4-35 Personality Personality is a person’s consistent behaviors or responses to recurring situations. 4-36 Perception Perception is the process by which an individual selects, organizes, and interprets information to create a meaningful picture of the world. 4-37 Perceived Risk Perceived risk is the anxiety felt because the consumer cannot anticipate the outcomes of a purchase but believes that there may be negative consequences. 4-38 Learning Learning consists of those behaviors that result from (1) repeated experience and (2) reasoning. 4-39 Brand Loyalty Brand loyalty is a favorable attitude toward and consistent purchase of a single brand over time. 4-40 Attitude An attitude is a learned predisposition to respond to an object or class of objects in a consistently favorable or unfavorable way. 4-41 Beliefs Beliefs are a consumer’s subjective perception of how a product or brand performs on different attributes based on personal experience, advertising, and discussions with other people. 4-42 Opinion Leaders Opinion leaders are individuals who exert direct or indirect social influence over others. 4-43 Word of Mouth Word of mouth involves the influencing of people during conversations. 4-44 Reference Groups Reference groups consists of people to whom an individual looks as a basis for self-appraisal or as a source of personal standards. 4-45 Family Life Cycle A family life cycle consists of the distinct phases that a family progresses through from formation to retirement, each phase bringing with it identifiable purchasing behaviors. 4-46 Subcultures Subcultures are the subgroups within the larger, or national, culture with unique values, ideas, and attitudes. 4-47