CHAPTER ORGANIZATIONAL MARKETS AND BUYER BEHAVIOR Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-1 AFTER READING THIS CHAPTER YOU SHOULD BE ABLE TO: 1. Distinguish among industrial, reseller, and government organizational markets. 2. Describe the key characteristics of organizational buying that make it different from consumer buying. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-2 AFTER READING THIS CHAPTER YOU SHOULD BE ABLE TO: 3. Explain how buying centers and buying situations influence organizational purchasing. 4. Recognize the importance and nature of online buying in industrial, reseller, and government organizational markets. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-3 BUYING PAPER IS A STRATEGIC BUSINESS DECISION AT JCPENNEY Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-4 THE NATURE AND SIZE OF ORGANIZATIONAL MARKETS • Business Marketing • Organizational Buyers • Industrial Markets (Industrial Firms) • Reseller Markets (Resellers) • Government Markets (Government Units) Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-5 FIGURE 6-1 Type and number of organizational customers in the U.S. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-6 MEASURING DOMESTIC AND GLOBAL INDUSTRIAL, RESELLER, AND GOVERNMENT MARKETS • North American Industry Classification System (NAICS) Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-7 FIGURE 6-2 NAICS breakdown for information industries sector: NAICS code 51 (abbreviated) Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-8 Concept Check 1. What are the three main types of organizational buyers? A: industrial firms; resellers; government units Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-9 Concept Check 2. What is the North American Industry Classification System (NAICS)? A: The NAICS provides common industry definitions for Canada, Mexico, and the United States, which makes easier the measurement of economic activity in the three member countries of NAFTA. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-10 CHARACTERISTICS OF ORGANIZATIONAL BUYING • Demand Characteristics Derived Demand • Size of the Order or Purchase • Number of Potential Buyers • Organizational Buying Objectives • Organizational Buying Criteria Reverse Marketing Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-11 FIGURE 6-3 Key characteristics of organizational buying behavior Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-12 FIGURE 6-A Key organizational buying criteria Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-13 CHARACTERISTICS OF ORGANIZATIONAL BUYING • Buyer-Seller Relationships and Supply Partnerships Reciprocity Supply Partnership Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-14 THE ORGANIZATIONAL BUYING PROCESS AND THE BUYING CENTER • Organizational Buying Behavior • Stages in the Organizational Buying Process • The Buying Center: A Cross-Functional Group Buying Center Buying Committee People in the Buying Center Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-15 FIGURE 6-4 Comparing the stages in consumer and organizational purchases Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-16 THE ORGANIZATIONAL BUYING PROCESS AND THE BUYING CENTER • The Buying Center: A Cross-Functional Group Roles in the Buying Center • Users • Deciders • Influencers • Gatekeepers • Buyers Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-17 Buying Center Who is in the buying center and what roles do they play? Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-18 THE ORGANIZATIONAL BUYING PROCESS AND THE BUYING CENTER • The Buying Center: A Cross-Functional Group Buying Situations (Buy Classes) and the Buying Center • Straight Rebuy • Modified Rebuy • New Buy Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-19 FIGURE 6-5 How the buying situation affects buying center behavior Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-20 Concept Check 1. What one department is almost always represented by a person in the buying center? A: purchasing department Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-21 Concept Check 2. What are the three types of buying situations or buy classes? A: straight rebuy; modified rebuy; new buy Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-22 ONLINE BUYING IN ORGANIZATIONAL MARKETS • Prominence of Online Buying in Organizational Markets • E-marketplaces: Virtual Organizational Markets Trading Communities Private Exchanges Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-23 ONLINE BUYING IN ORGANIZATIONAL MARKETS • Online Auctions in Organizational Markets Traditional Auction Reverse Auction Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-24 FIGURE 6-6 How buyer and seller participants and price behavior differ by type of online auction Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-25 Concept Check 1. What are e-marketplaces? A: E-marketplaces are online trading communities that bring together buyers and supplier organizations. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-26 Concept Check 2. In general, which type of online auction creates upward pressure on bid prices and which type creates downward pressure on bid prices? A: traditional auction; reverse auction Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-27 GOING ONLINE NAVIGATING THE NAICS Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-28 Going Online 1. What is the three-digit industry subsector code for food manufacturing? Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-29 Going Online 2. What is the six-digit U.S. code for dog and cat food manufacturing? Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-30 Going Online 3. How many establishments and what is the value of shipments sold by the U.S. dog and cat food manufacturing industry based on the latest government statistics? Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-31 VIDEO CASE 6 LANDS’ END: WHERE BUYERS RULE Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-32 VIDEO CASE 6 Lands’ End Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-33 VIDEO CASE 6 Lands’ End 1. Who is likely to make up the buying center in the decision to select a new supplier for Lands’ End? Which of the buying center members are likely to play the roles of users, influencers, buyers, deciders, and gatekeepers? Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-34 VIDEO CASE 6 Lands’ End 2. Which stages of the organizational buying decision process does Lands’ End follow when it selects a new supplier? What selection criteria does the company utilize in the process? Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-35 VIDEO CASE 6 Lands’ End 3. Describe purchases Lands’ End buyers typically face in each of the three buying situations: straight rebuy, modified rebuy, and new buy. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-36 SUPPLEMENTAL LECTURE NOTE 6-1 HOW ORGANIZATIONS CAN IMPROVE THEIR PURCHASING Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-37 IN-CLASS ACTIVITY 6-1 BUYING CENTER ROLE-PLAY Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-38 Sprint FonPromotions Brochure Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-39 Sprint Prepaid Business Card Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-40 Sprint Prepaid Phone Card Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-41 Business Marketing Business marketing is the marketing of goods and services to companies, governments, or not-for-profit organizations for use in the creation of goods and services that they can produce and market to others. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-42 Organizational Buyers Organizational buyers are those manufacturers, wholesalers, retailers, and government agencies that buy goods and services for their own use or for resale. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-43 North American Industry Classification System (NAICS) The NAICS provides common industry definitions for Canada, Mexico, and the United States, which makes easier the measurement of economic activity in the three member countries of the North American Free Trade Agreement (NAFTA). Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-44 Derived Demand Derived demand means the demand for industrial products and services is driven by, or derived from, demand for consumer products and services. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-45 Supply Partnership A supply partnership exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost or increasing the value of products and services delivered to the ultimate consumer. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-46 Organizational Buying Behavior Organizational buying behavior is the decision-making process that organizations use to establish the need for products and services and identify, evaluate, and choose among alternative brands and suppliers. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-47 Buying Center A buying center is the group of people in an organization who participate in the buying process and share common goals, risks, and knowledge important to a purchase decision. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-48 Buy Classes Buy classes consist of three types of buying situations: straight rebuy; modified rebuy; and new buy. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-49 E-Marketplaces E-marketplaces are online trading communities that bring together buyers and supplier organizations to make possible the real time exchange of information, money, products, and services. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-50 Traditional Auction A traditional auction is an online auction in which a seller puts an item up for sale and would-be buyers are invited to bid in competition with each other. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-51 Reverse Auction A reverse auction is an online auction in which a buyer communicates a need for a product or service and would-be suppliers are invited to bid in competition with each other. Copyright © 2007 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 6-52