Demographics & Trends MKT 750 Dr. West Agenda Demographic Presentations Snapshot of Important Demographic and Social Trends Time to Work With Your Team Demographic Profiles How long should your presentation be? Plan a 15 minute presentation, then there will 5 minutes for Q&A What kind of information should your presentation include? Size and Concentrated Pockets Focus on what makes this segment unique in terms of needs, values, and lifestyle Identify brands that connect well with this segment and discuss why Provide insights into how this segment can be better served and how to best communicate with them Be sure to include a reference list of resources used Evaluation: Content & Style Score: 1 - 5 Score: 1 - 5 Characterization of segment Articulate Value system Entertaining Lifestyle Attitudes Decision-making style Persuasive Pace Professional Visually Appealing Spending habits Well Rehearsed Serving this segment Overall Analysis Resources Organization of the talk Summary & takeaways Overall Analysis Demographic Groups Why are we studying various generational and cultural groups? Both directly influence marketplace behavior Generational Influence Life Stage Cohort Experiences Current Conditions Culture/ Upbringing Values Marketing Communications Preferences Marketplace Behaviors Cultural Influence Symbols/ Language Heroes/ Infuencers Lifestyle/ Customs Values Marketing Communications Preferences Market Behaviors Other-Oriented values Individual/Collective: Does the culture emphasize and reward individual initiative or cooperation and conformity to a group? Youth/Age: Do family activities focus on the children or adults? Extended/Limited Family: To what extent does one have lifelong obligations to family members? Masculine/Feminine: Are rank, prestige, and important social roles assigned primarily to men? Competitive/Cooperative: Does one obtain success by excelling over or cooperating with others? Diversity/Uniformity: Does the culture embrace variation in religious belief, ethnic backgrounds, political views, etc…? Environment-Oriented Values Cleanliness To what extent is cleanliness emphasized? Performance/Status Is one rewarded based on performance or inherited position? Tradition/Change Is things valued for the sake of tradition or is progress pursued? Risk Taking/Security Are the societies heroes ones who have met and overcome obstacles? Problem Solving/Fatalistic “We can do it” versus “What will be will be” Nature Is nature admired or viewed as something to overcome? Self-Oriented Values Active/Passive Lifestyle Sensual gratification/Abstinence Material/Nonmaterial Hard Work/Leisure Postponed/Immediate Gratification Religious/Secular American Culture Other-Oriented Individual T CE* Limited family Collective TEC Diversity Extended family EC Competition T Youth T Masculine T C T E C C Uniformity Cooperation E Age E Feminine * T = Traditional, E = Emerging, and C = Current American Culture Environmental-Oriented Max Cleanliness Performance TC T E E Min Cleanliness C Status Tradition EC Risk Taking T Problem Solving T Admire Nature E T C Change Security CE Fatalistic E C * T = Traditional, E = Emerging, and C = Current T Overcome Nature American Culture Self-Oriented Active ECT Passive Material T C Hard Work T C Sensual C Religious T Postponed T E Nonmaterial E E Leisure T Abstinence EC Secular EC Immediate Gratification * T = Traditional, E = Emerging, and C = Current Gratification Snapshot of Demographic Trends The US population more than tripled from 76 million in 1900 to 281 million in 2000. Growth of 32.7 million in the 1990s represents the largest numerical increase in any decade in history Snapshot of Demographic Trends Snapshot of Demographic Trends Snapshot of Demographic Trends The US population grew increasingly metropolitan, from 28 percent in 1910 to 80 percent in 2000. The suburbs, rather than central cities accounted for most of the growth By 2000 half of the population lived in suburban areas. Snapshot of Demographic Trends Snapshot of Demographic Trends Snapshot of Demographic Trends In 1900 half of the US population was less than 22.9 years old. By 2000, half of the population was more than 35.3 years old. The population age 65 and over increased tenfold, from 3.1 million in 1900 to 35 million in 2000. Snapshot of Demographic Trends Snapshot of Demographic Trends Snapshot of Demographic Trends In 1900, 7 out of 8 Americans was classified as white/not-Hispanic. At the of the century, the ratio was 3 out of 4. From 1980 to 2000, the Hispanic population more than doubled By 2000, the percentage of minority populations ranged from 16 percent for people over age 65 and 39 percent for those under age 25. Snapshot of Demographic Trends National Trends & Projections