Consumer Behaviour Revision Consumer Behaviour MMM Sem IV Prof. Krupa Rai Why Consumer Behaviour • • • • • Conceptualize Meet challenges Make changes Add value Create wealth Consumer Behaviour MMM Sem IV Prof. Krupa Rai Elements • • • • • • • • Social Changing Family Socialization Socialization Process Family Decision Making Family Life cycle Social Class Social Status • Psychological • Consumer Motivation • Personality & Consumer Behaviour • Consumer Perception • Consumer Learning • Consumer Attitude Formation Consumer Behaviour MMM Sem IV Prof. Krupa Rai Changing Family Nuclear Family Extended Family Consumer Behaviour MMM Sem IV Prof. Krupa Rai Joint Family Psychological Factors Defense Mechanism Generic Innate Need Acquired Goal Motivation Motives Rational Emotional Consumer Behaviour MMM Sem IV Prof. Krupa Rai Product Specific Personality Psychoanalytical Theory Super Ego Id Sexual urge Culture Karen Horney Freudian Theory Individual Psychosocial Psychology Carl Alfred Jung Adler Neo-Freudian Theory Social Relationship Ego Theories of Personality Trait Materialism Trait Theory Ethnocentrism Dogmatism Consumer Behaviour MMM Sem IV Prof. Krupa Rai Perception Absolute Threshold Sensation Elements Differential Threshold Consumer Behaviour MMM Sem IV Prof. Krupa Rai Learning Classical Conditioning Dog Bell Theory Instrumental Conditioning Trial & Error Method Theories Motivation Cue Components Reinforcement Response Consumer Behaviour MMM Sem IV Prof. Krupa Rai Attitude Attitude Towards Behavior Model Attitude Towards Object Model Theory of Reasoned Action Model Multi-attribute Attitude Model Tri-component Attitude Model Theories Attitude toward the ad model Theory of trying to consume model Consumer Behaviour MMM Sem IV Prof. Krupa Rai Question Paper Pattern • Part I- Case Study…….. 20 Marks • Part II- Questions (Concept testing & application oriented) : Out of 5 any 4……….10 Marks each Consumer Behaviour MMM Sem IV Prof. Krupa Rai Case Study Analysis Consumer Behaviour MMM Sem IV Prof. Krupa Rai Case Summary i. List out 10-15 key points. i. It should consist the root problem Consumer Behaviour MMM Sem IV Prof. Krupa Rai Assumptions • Enlist the required assumptions to figure out available alternatives Consumer Behaviour MMM Sem IV Prof. Krupa Rai Observations • Qualitative observations of case study with respect to the identified problem or opportunity • Tracking the quantitative data available in the case Consumer Behaviour MMM Sem IV Prof. Krupa Rai Conceptual Base • Identification of related concepts, theories or model for technical and practical analysis of given problem Consumer Behaviour MMM Sem IV Prof. Krupa Rai Steps in Doing Case Analyses 1. Identify dimension of problem or opportunity Describe 2. What caused problem/opportunity to exist? Diagnose 3. Possible solutions to the problem Frame prescription options 4. What is the “best” solution and why? Prescribe Consumer Behaviour MMM Sem IV Prof. Krupa Rai Learning • Decision making • Do’s & Don'ts with regard to future decisions • Suggestions Consumer Behaviour MMM Sem IV Prof. Krupa Rai Before accomplishing anything, be confident enough to say, if I can’t then who else can do; once you achieve be humble enough to say, when I can, why can’t other do!! Unknown THANK YOU SO MUCH for your support & cooperation…. Consumer Behaviour MMM Sem IV Prof. Krupa Rai