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1 Buying, Having, and Being 1-1 Copyright © 2017 Pearson Education, Inc. CONSUMER BEHAVIOR, 12e Michael R. Solomon

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Page 1: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1

Buying, Having, and

Being

1-1Copyright © 2017 Pearson Education, Inc.

CONSUMER

BEHAVIOR, 12eMichael R. Solomon

Page 2: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Chapter Objectives

1. Consumer behavior is a process.

2. Marketers have to understand the wants

and needs of different consumer

segments.

3. Our choices as consumers relate in

powerful ways to the rest of our lives.

4. Our motivations to consume are complex

and varied.

1-2Copyright © 2017 Pearson Education, Inc.

Page 3: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-3Copyright © 2017 Pearson Education, Inc.

Chapter Objectives (Cont.)

5. Technology and culture create a new

“always on” consumer.

6. Many different types of specialists study

consumer behavior.

7. There are differing perspectives regarding

how and what we should understand

about consumer behavior.

Page 4: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-4Copyright © 2017 Pearson Education, Inc.

Learning Objective 1

Consumer behavior

is a process.

Page 5: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

People in the marketplace

• Consumption Communities

• Market Segmentation Strategies

1-5Copyright © 2017 Pearson Education, Inc.

Page 6: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-6Copyright © 2017 Pearson Education, Inc.

What is Consumer Behavior?

The study of the processes involved when

individuals or groups select, purchase, use,

or dispose of products, services, ideas, or

experiences to satisfy needs and desires.

Page 7: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-7Copyright © 2017 Pearson Education, Inc.

Figure 1.1

Stages in the Consumption Process

Page 8: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

For Reflection

• How do you decide that you need a

product?

• What about a purchase makes it pleasant

or stressful for you?

• When using the product, what determines

if the experience is pleasant?

1-8Copyright © 2017 Pearson Education, Inc.

Page 9: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-9Copyright © 2017 Pearson Education, Inc.

Learning Objective 2

Marketers have to understand the wants and

needs of different consumer segments.

Page 10: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Consumers Are Different

• Heavy Users

• 80/20 Rule

1-10Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall

Page 11: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-11Copyright © 2017 Pearson Education, Inc.

Segmenting Consumers: Demographics

Demographics:

• Age

• Gender

• Family structure

• Social class/income

• Race/ethnicity

• Geography

• Lifestyles

Page 12: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-12Copyright © 2017 Pearson Education, Inc.

Redneck Bank Targets by Social Class

Page 13: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Big Data

• Database

Marketing

• Relationship

Marketing

1-13Copyright © 2017 Pearson Education, Inc.

Page 14: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-14Copyright © 2017 Pearson Education, Inc.

Learning Objective 3

Our choices as consumers relate in powerful

ways to the rest of our lives.

Page 15: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-15Copyright © 2017 Pearson Education, Inc.

Popular Culture

• Music

• Movies

• Sports

• Books

• Celebrities

• Entertainment

Marketers influence

preferences for movie

and music heroes,

fashions, food, and

decorating choices.

Page 16: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Consumer-Brand Relationships

• Role Theory

• Self-concept attachment

• Nostalgic attachment

• Interdependence

• Love

1-16Copyright © 2017 Pearson Education, Inc.

Page 17: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

For Reflection

• What kind of relationship do you have with

your car?

• Do these feelings correspond to the types

of relationships consumers may develop

with products?

• How do these relationships affect your

behavior?

1-17Copyright © 2017 Pearson Education, Inc.

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1-18Copyright © 2017 Pearson Education, Inc.

Learning Objective 4

Our motivations to consume are complex

and varied.

Page 19: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Motivation

• Need Vs. Want

1-19Copyright © 2017 Pearson Education, Inc.

Page 20: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

For Reflection

• Describe a need and a want you have and

explain the motivation for the want.

1-20Copyright © 2017 Pearson Education, Inc.

Page 21: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Learning Objective 5

Technology and culture create a new

“always on” consumer.

1-21Copyright © 2017 Pearson Education, Inc.

Page 22: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

The Digital Native: Living a Social [Media]

Life

• B2C e-commerce

• C2C e-commerce

• Digital Native

• Synchronous interactions

• Asynchronous interactions

1-22Copyright © 2017 Pearson Education, Inc.

Page 23: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

For Reflection

• How has your daily life changed because

of social media?

• What does your virtual life look like?

1-23Copyright © 2017 Pearson Education, Inc.

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1-24Copyright © 2017 Pearson Education, Inc.

Learning Objective 6

Many specialists study consumer behavior.

Page 25: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-25Copyright © 2017 Pearson Education, Inc.

Figure 1.3 Disciplines in

Consumer Research

Page 26: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

For Reflection

• Pick two of the disciplines shown in Figure

1.2. How would their approaches to the

same marketing issue differ?

1-26Copyright © 2017 Pearson Education, Inc.

Page 27: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Learning Objective 7

There are differing perspectives regarding

how and what we should understand about

consumer behavior.

1-27Copyright © 2017 Pearson Education, Inc.

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1-28Copyright © 2017 Pearson Education, Inc.

Positivist vs. Interpretivist

Page 29: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

For Reflection

• How do you think the two paradigms of

consumer research affect the choices

marketers make in targeting consumer

segments?

1-29Copyright © 2017 Pearson Education, Inc.

Page 30: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Chapter Summary

1. Consumer behavior is a process.

2. Marketers have to understand the wants

and needs of different consumer

segments.

3. Our choices as consumers relate in

powerful ways to the rest of our lives.

4. Our motivations to consume are complex

and varied.

1-30Copyright © 2017 Pearson Education, Inc.

Page 31: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

Chapter Summary

5. Technology and culture create a new

“always on” consumer.

6. Many different types of specialists study

consumer behavior.

7. There are differing perspectives regarding

how and what we should understand

about consumer behavior.

1-31Copyright © 2017 Pearson Education, Inc.

Page 32: 1 Buying, Having, and Being - Stephan · PDF fileCopyright © 2017 Pearson Education, Inc. 1-3 Chapter Objectives ... Copyright © 2017 Pearson Education, Inc. 1-9 ... •Race/ethnicity

1-32Copyright © 2017 Pearson Education, Inc.