Consumer Psychology H. Rao Unnava 200 A, Fisher Hall Ph: 292.1506 (O); 439.6765 (C) Unnava.1@osu.edu Office Hours: By appointment This course is intended as a follow-up to the Consumer Behavior course you completed last year. It introduces more advanced concepts from research on consumer behavior and looks into their application in marketing. By design, there will be readings from academic literature so you will be able to appreciate the nuances that are commonly not touched upon in popular news articles. A thorough understanding of the concepts discussed in this course will help you assess the validity and value of market research information provided to you on a regular basis in your job. The main objective of this course, therefore, is to equip you with the latest knowledge on consumer behavior so you will be highly effective in your marketing job. A secondary objective of this course is to generate interest in you in consumer psychology so you will be able to participate in academic conferences either as a presenter or an informed audience member. Course Materials: All the required course materials are provided on Carmen. There is no text book for this class. Assignments: a. Participation in class room exercises b. Research paper (two students per group) c. Final Exam 30 points 40 points 30 points The university grading scale is used to assign final grades in class. Description of assignments: Class room exercises: Every week, we will work on exercises designed to help you understand consumer behavior concepts to a desired depth. Attendance in class, therefore, is expected. I understand some of you may be interviewing for jobs and will allow for one class to be missed without your grade being affected. Research paper: Problem identification: In the first two weeks of the semester, you will identify a research problem in consumer behavior that you would like to study further. The research problem will be based on the latest news in marketing and consumer behavior (e.g., http://www.nytimes.com/2013/12/08/business/theres-power-in-all-those-user-reviews.html or http://screen.yahoo.com/popular/science-teacher-gets-surprising-results-122737570.html). Based on the news article, you will state the question(s) you would like to explore further, using the theories and concepts discussed in class. The news article and your questions for further research will be submitted to me by 5 p.m. Friday of the second week of classes (January 23, 2015). The questions will be typed separately on a sheet of paper and submitted along with the news article into the Carmen drop box provided. Feedback will be provided to you by the following Monday (January 26, 2015) so you can begin your work on the paper. Literature review: During weeks 3 and 4 of the semester, you will conduct literature review to identify the relevant academic and popular press articles which will help you build your argument. I will be available to assist you if you run into difficulties in identifying the relevant literature. I will also get you started with one or two papers so you can build on them as you do your research. By 5 p.m. on Friday of the fourth week of classes (February 6, 2015), you will submit your bibliography to me. This deadline is set so you won’t run into information search problems toward the end of the semester. I understand that you may find other research after the deadline which you may want to use. I will allow for two other cites to be added to your bibliography for the final submission. Final submission: Your final paper is due on Sunday, March 1, by midnight. The paper will have the following topics addressed: Introduction and Statement of the problem A paragraph explaining why the problem is important to study Review of literature (categorize literature using sub-headings for clarity of expression) Implications of your review for your hypotheses about the problem Your conclusions and recommendations for how further research should be conducted Final Exam: The final exam will cover all the materials discussed in class. On the Monday of the seventh week of classes (February 23), I will give you a set of questions based on our discussions in class. On Thursday, February 26, we will have your final exam in class. The final exam will consist of three questions from the question set you have been given to prepare plus one question that is not part of the question set. You will have one hour to answer the questions. The exam will be during the last hour of class. Class Schedule and Readings Week 1 Topic Consumer decision making revisited Assignments The consumer decision journey – retail (Microsoft Corporation report) Accenture – Seamless Multichannel retailing How companies are using analytics: http://www.dmnews.com/the-in-storeimpact-of-customer-analytics/article/291240/ Analytics used in tracking flu: http://www.npr.org/blogs/health/2014/11/04/359889142/researchers-tapweb-chatter-to-figure-out-whos-sick Ad testing – Volkswagen Passat Watch - http://www.ameritest.net/index.php/the-force-report 2 Multi-attribute models – attitudes and behavior Read – The theory of Planned Behavior Read - Analyzing behavior and treating it – nursing homes: http://www.npr.org/blogs/health/2014/12/09/368539057/this-nursinghome-calms-troubling-behavior-without-risky-drugs Watch Cialdini’s Persuasion Tacticshttp://www.youtube.com/watch?v=cFdCzN7RYbw Role of feelings – watch “ARF learning with Guinness” at http://vimeo.com/101938172 Global warming commercial – feeling based: https://www.youtube.com/watch?v=MRu27HXTmak&index=5&list=PLUg4w CpmYwX0KYuhdbrZBRZ_bCxMh9h09 3 Attitude Strength Read – Real time attitude Research (HBR September 2012) Read – Theoretical and Empirical Implications of Attitude Strength 4 Implicit Measures Read – The Development of Implicit Attitudes Read - Measurement of Implicit and Explicit Attitudes Toward Barack Obama Watch - http://www.youtube.com/watch?v=7DOrOPdNz3U 5 Categorization 6 Brand attachment, commitment, and brand loyalty Read - Innovation Aesthetics: The Relationship between Category Cues, Categorization Certainty, and Newness Perceptions Goode, Miranda R.1; Dahl, Darren W.1; Moreau, C. Page1 Watch - http://www.youtube.com/watch?v=vB6cNMtRGoM Read TOTO case for classroom discussion Read – Brand Love Read – Differentiation through brand experience (http://www.b2binternational.com/publications/differentiation-marketing/) Lack of trust in brands: http://thefinancialbrand.com/22896/edelmanbanking-financial-services-consumer-trust-study/ People share data with brands they trust: http://www.forbes.com/sites/steveolenski/2014/03/04/in-brands-we-trustwhy-brands-must-treat-trust-like-gold/2/ Digital media and consumer trust: http://www.theguardian.com/sustainable-business/2014/aug/20/socialmedia-has-undermined-peoples-trust-in-brands Consumer trust in advertising: http://www.nielsen.com/us/en/insights/news/2013/under-the-influenceconsumer-trust-in-advertising.html Building trust digitally: http://hugeinc.com/ideas/report/how-brands-buildtrust-digitally 7 Behavioral Decision Making Watch Ravi Dhar’s presentation: https://www.youtube.com/watch?v=9Loljm0Zlxg Watch - http://youtu.be/JhjUJTw2i1M Watch - http://www.youtube.com/watch?v=GrFHRtGmE5I http://www.youtube.com/watch?v=pMqM4BDqvXY http://www.youtube.com/watch?v=4DUrTy48KS0 Important dates and deadlines: January 23, 2015 February 6, 2015 February 20, 2015 March 1, 2015 Submit research problem and news article by 5 p.m. Submit bibliography for research paper by 5 p.m. In-Class Final Exam Submit final research paper by midnight