Customer Analysis in Marketing Management MAR 331 Fall, 1998 Customer Analysis • • • • • Who Where When What How Customer Analysis • Consumers • Business to Business Customer Analysis • Consumers – End use customers – Brand loyalty – Repurchase Customer Analysis • Business to Business requires special considerations – derived demand – purchaser is often NOT the user Customer Analysis • Where are my customers? – Invoice data – Warranty cards Customer Analysis • When Do My Customers Buy? – Demand variation – Changing customer buying patterns Customer Analysis • What Do My Customers Want? • Recording sales by price range, size and color • Competitive information from independent research firms Customer Analysis • How Do My Customers Buy? – – – – – Recognition of problem Search for alternatives and info Buyer’s mental evaluation of alternatives Purchase Postpurchase behavior Customer Analysis • Problem recognition – – – – Depleted inventory Advertising Promotions Store display Customer Analysis • Search for alternatives and information – Past experience – Brochures – Catalogs Customer Analysis • Evaluation of alternatives – Standard Learning Hierarchy – Dissonance-Attribution Hierarchy – Low - Involvement Hierarchy Standard Learning Theory • Cognitive (Perceptual) • Affective (Like - Dislike) • Conative (Purchase) • Buyers are highly involved • Products are clearly differentiated • Mass media/Early PLC Dissonance-Attribution Theory • Conative (Purchase) • Affective (Like-Dislike) • Cognitive (Perceptual) • Buyers highly involved/products similar • Salesperson important • Early Maturity Low-Involvement Theory • Cognitive (Perceptual) • Conative (Purchase) • Affective (Like - Dislike) • Low involvement/similar products • Broadcast/Late maturity Customer Analysis • Buyer’s mental evaluation of alternatives – – – – Friends Social class Personality Lifestyle Customer Analysis • Purchase – Store location – Skill of the salesperson – Availability of credit Customer Analysis • Postpurchase Behavior – Speed of repairs – Product durability – Extended warranty Customer Analysis • How Does My Firm Become Customer Oriented? – Customer Checklist – Plant tours – Customer visits Customer Analysis • • • • Action and results driven Encourages initiative Increases role of staff to customers Builds trust