case studies and management resources
TRANSCRIPT
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 1/8
Case Studies and Management ResourcesAsia's Most Popular Collection of Management Case Studies
Home Business Reports Case Studies Books Services Free Resources
• ICMR BOOKS
○ BusinessCommunication
○ BusinessEthics & CorpGovernance
○ Consumer Behavior
○ Economics for Managers
○ Fundamentalsof HRM
○ Fundamentalsof MarketingMgmnt
○ Global BusinessEnvironment
○ Information
Technology &Systems
○ Intl. Business& Intl.Management
○ Intro. toHumanResourceManagement
○ Introduction toManagement
○ Introduction toMarketingResearch
○ Intro. toOrganizationalBehavior
○ Intro. toQuantitative
Services Marketing
« Previous Chapter
Chapter 3 : Consumer Behavior
Differences Between Characteristics Of Goodsand Services
Search QualitiesExperience Qualities
Credence Qualities
Consumer Decision-Making Process
Need PerceptionSearch for Information and Perceived Risk
Evaluation of Alternatives
Purchase BehaviorPost-Purchase Evaluation
External Factors Influencing Consumer BehaviorImplications For Service Providers
Chapter Summary
The intangibility property of services makes it
difficult for customers to search for information,make a purchase decision, or even evaluate the
service experience. This is due to the presence
of more experience and credence qualities thansearch qualities in services. Hence, service
providers need to deliver value added services
to their customers to provide them a superiorservice experience.
Decision-making is involved in every purchase
decision, whether it is to purchase a product or aservice. The decision making process in the
purchase of a service involves various stepssuch as need perception, search for information
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 2/8
Methods ○ Intro. to Sales
Management ○ Leadership &
Change
Management ○ Management
ControlSystems
○ Management
of MNCs ○ Marketing
Communication
○ Marketing
Management ○ Operations
Management2nd Edition
○ Project
Management ○ Retail
Management ○ Sales &
DistributionManagement
○ Services
Marketing ○ Strategic
HumanResourceManagement
○ Supply ChainManagement
○ Managerial
Effectiveness○ Industrial
Marketing○ Marketing
FinancialProducts
○ Strategic
MarketingManagement
○ MORE
PRODUCTS
and the perceived risk, evaluation of the
generated alternatives, the purchase decision
and the post-purchase evaluation.
Further, the decision making process of thecustomer is influenced by external factors like
his family, culture, subculture, reference groups
and the social class to which he belongs.Marketers are innovating several ways to make
service experiences memorable for thecustomer.
They are also trying to retain old customerssince this is more profitable to the company
than attracting new customers. Observing buyer
behavior patterns helps marketers to targetcustomers in a better way. The technological
advances and globalization of economy make itpossible for service providers to design new
ways of providing their services.
Next Chapter »
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 3/8
○ Case StudiesCollection
○ BusinessReports
○ Multimedia
Case Studies ○ Case in Other
Languages ○ Simplified
Cases ○ Short Case
Studies /Caselets
BusinessStrategy
Consumer Behavior
Internati onalBusinessEnvironment
Internati onal
Marketing
MarketingCommunications
MarketingManagement
Sales &DistributionManagement
ServicesMarketing
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 4/8
○ MoreClassifications...
Company-wise
Listing Detailed
Subject-wiseListing
○ Case Study
Volumes ○ Pricing
Information
○ FREE
RESOURCE
S
○ Cases / Articles / BookReviews
FreeCaseStudies
Articles Book
Reviews Glossar
y
○ CASE
RELATEDLINKS
○ Case RelatedLinks
Learning withCases
Best
SellingCaseStudies
CaseResources
ICMRCases
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 5/8
Used inTextbooks
Institutions
UsingICMRCases
ICMRNews
How toOrder Online
Top of Form
Quick Search
www
ICMR
Go!
Bottom of Form
Copyright © 2010 IBS Center for Management Research. All rights reserved.Terms of Use | Privacy Policy
ICMR News Careers About Us Contact Us Sitemap FAQ
LESSON 2SPECIAL CHARACTERISTICS OF SERVICES The objective of this lesson is to have an insight into:Special characteristics of service marketing
Service Marketing MixService Marketing triangleLets understand the special characteristics of services ….SPECIAL CHARACTERISTICS OF SERVICESServices are said to have four key characteristics which impact on marketingprogrammes.These are:
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 6/8
Intangibility InseparabilityHeterogeneity variability Perish ability (simultaneous production/consumption)It is helpful to consider each of these characteristics briefly:Intangibility
Services are said to be intangible - they cannot be seen or tasted, forexample. This can causelack of confidence on the part of the consumer Aswas apparent earlier, in considering pricingand services marketing, it is oftendifficult for the consumer to measure service value andquality. To overcomethis, consumers tend to look for evidence of quality and other attributes, forexample in the decor and surroundings of the beauty salon, or fromthequalifications and professional standing of the consultant.InseparabilityServices are produced and consumed at the same time, unlike goods whichmay bemanufactured, then stored for later distribution. This means that theservice provider becomesan integral part of the service itself. The waitress in
the restaurant, or the cashier in the bank,is an inseparable part of theservice offering. The client also participates to some extent in theservice,and can affect the outcome of the service. People can be part of the serviceitself, andthis can be an advantage for services marketers.Heterogeneity Invariability LESSON 2SPECIAL CHARACTERISTICS OF
SERVICES
The objective of this lesson is to have an insight into:Special characteristics of service marketing
Service Marketing MixService Marketing triangleLets understand the special characteristics of services ….SPECIAL CHARACTERISTICS OF SERVICESServices are said to have four key characteristics which impact on marketingprogrammes.These are:Intangibility InseparabilityHeterogeneity variability Perish ability (simultaneous production/consumption)
It is helpful to consider each of these characteristics briefly:IntangibilityServices are said to be intangible - they cannot be seen or tasted, forexample. This can causelack of confidence on the part of the consumer Aswas apparent earlier, in considering pricingand services marketing, it is oftendifficult for the consumer to measure service value andquality. To overcomethis, consumers tend to look for evidence of quality and other attributes, for
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 7/8
example in the decor and surroundings of the beauty salon, or fromthequalifications and professional standing of the consultant.InseparabilityServices are produced and consumed at the same time, unlike goods whichmay bemanufactured, then stored for later distribution. This means that the
service provider becomesan integral part of the service itself. The waitress inthe restaurant, or the cashier in the bank,is an inseparable part of theservice offering. The client also participates to some extent in theservice,and can affect the outcome of the service. People can be part of the serviceitself, andthis can be an advantage for services marketers.Heterogeneity Invariability
Because a service is produced and consumed simultaneously, and becauseindividual peoplemake up part of the service offering, it can be argued that aservice is always unique; it onlyexists once, and is never exactly repeated. This can give rise to concern about service qualityand uniformity issues.Personnel training and careful monitoring of customer satisfactionandfeedback can help to maintain high standards.PerishabilityServices are perishable; they cannot be stored. Therefore an empty seat on aplane, for example, is a lost opportunity forever. Restaurants are nowcharging for reservations whichare not kept, charges may be made formissed appointments at the dental clinic. Perishabilitydoes not pose toomuch of a problem when demand for a service is steady, but in timesof unusually high or low demand service organisations can have severedifficulties.The above characteristics are generally referred to in many texts
as being what makesservices marketing so different. However, thisassumption should be queried on a number of grounds. Like all sweepinggeneralizations, generalizations concerning services marketing donot alwaysrepresent the full picture. Consider the question of tangibility. In themain,services can be broken down into three main classifications:Rentedgoods servicesConsumer-owned goods services Non-goods servicesSome of these categories involve goods which are physical, and which contribute insomeway to the service offering. This gives rise to questions about thedegree to which servicescan be classed as intangible.Another way of classifying services is to consider the distinction between equipment-basedservices and people-based services. Examples of equipment-based
services would include:Vending machines Car and tool hire AirlinesPeople-based services would include: Nursery infant careArchitects LegalservicesYet another distinction can be made between consumed services,which are offered on a personal basis, and business-to-business or industrialservices. Some service providers mayoperate in both these marketsectors:Franchised child care services may offer local services to parents,and operate in-companyschemes. Hotels may cater for the tourist and thebusiness or conference market. Privatehealth care programmes generally
8/3/2019 Case Studies and Management Resources
http://slidepdf.com/reader/full/case-studies-and-management-resources 8/8
offer personal and corporate rates. On the other hand, someservices such asindustry-specific consultancy services or marine salvage operate inquiteclosely defined market sectors.4. THE NATURE OF THE SERVICE PRODUCTWhichever means of classifying services is used, and whether or not there is
agreement thatthe unique characteristics of services really represent unique
distinctions, ultimately both physical goods and services provide benefitsand satisfactions - both goods and services are 'products' or offerings.Consider the following breakdown of service offerings:Utilities: gas, power, water Transport and communications Recreation andleisure Insurance, banking and finance Business, professional and scientificFor most of these categories it is easy to think of 'products' associated withthem; insurance policies, heating and light, package holidays and so on. Thishas implications for servicesmarketing management.As in traditionalmarketing concerned with-'tangible products, the servicesmarketingmanager needs to look closely at marketing strategy, includingsuch aspects as:The service element of the augmented product - thecharacteristics which help distinguish a product from its competitors - is nowa key factor in long-term success. Rapid developmentsin technology whichmean that firms can no longer sustain a leading edge position inthemarketplace by technological superiority alone has led to thedevelopment of service as amarketing tool for competitive advantage. Theimpact on profitability can be two-fold: profitability can increase.not onlythrough superior competitive positioning, but many service divisions nowrepresent profit centres in their own right.Another important area which is
receiving increasing attention from marketers is thenot-for-profit service"sector. Not-for-profit organisations engage in a broad sphere of activityranging from cultural, educational and political interests to social andleisure activities. Thesize of these organisations ranges from very small, localconcerns to large, multi-national