CHAPTER SIX Consumer Perception

Size: px
Start display at page:

Download "CHAPTER SIX Consumer Perception"

Transcription

1 CHAPTER SIX Consumer Perception Copyright 2010 Pearson Education, Inc.

2 Learning Objectives 1. To Understand the Sensory Dynamics of Perception. 2. To Learn About the Three Elements of Perception. 3. To Understand the Components of Consumer Imagery and Their Strategic Applications. Chapter Six Slide 2

3 Perception The process by which an individual selects, organizes, and interprets stimuli into a meaningful and coherent picture of the world Elements of Perception Sensation Absolute threshold Differential threshold Subliminal perception Chapter Six Slide 3

4 Sensation Sensation is the immediate and direct response of the sensory organs (5 senses) to stimuli Mainly sight & sound > smell (SIA e.g) A stimulus is any unit of input to any of the senses. The absolute threshold is the lowest level at which an individual can experience a sensation. Consumers adapt and get used to a certain ad or message so no longer notice it Chapter Six Slide 4

5 Differential Threshold (Just Noticeable Difference J.N.D) Minimal difference that can be detected between two similar stimuli Weber s law The J.N.D between two stimuli is not an absolute amount but an amount relative to the intensity of the first stimulus The stronger the initial stimulus, the greater the additional intensity needed for the second stimulus to be perceived as different. Wine Tasting Purchase of starbucks with increase $ (High J.N.D) Buying of increase $ (Low J.N.D) Chapter Six Slide 5

6 Marketing Applications of the J.N.D. Marketers need to determine the relevant J.N.D for their products so that negative changes are not readily discernible or get notice to the public Negative changes : increase in price/packaging etc.. Positive changes : changes that are noticeable so that product improvements are very apparent to consumers Copyright 2010 Pearson Education, Inc. Chapter Six Slide 6

7 Discussion Question How might a cereal manufacturer such as Kellogg s use the J.N.D for Frosted Flakes in terms of: Product decisions Packaging decisions Advertising decisions Sales promotion decisions Copyright 2010 Pearson Education, Inc. Chapter Six Slide 7

8 Subliminal Perception Stimuli that are too weak or too brief to be consciously seen or heard They may be strong enough to be perceived by one or more receptor cells. Is it effective? Extensive research has shown no evidence that subliminal advertising can cause behavior changes Some evidence that subliminal stimuli may influence affective reactions Copyright 2010 Pearson Education, Inc. Chapter Six Slide 8

9 Aspects of Perception selective as to what messages and information they perceive new information comes to their mind, it is organized within their mind interpret the stimuli based on their needs, expectations, and experience Copyright 2010 Pearson Education, Inc. Chapter Six Slide 9

10 Perceptual Selection Selection Depends Upon: Copyright 2010 Pearson Education, Inc. Chapter Six Slide 10

11 Why Are Consumers Likely to Notice This Ad? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 11

12 The Attention Getting Nature of a Dramatic Image Copyright 2010 Pearson Education, Inc. Chapter Six Slide 12

13 Discussion Questions What marketing stimuli do you remember from your day so far? Why do you think you selected these stimuli to perceive and remember? Chapter Six Slide 13

14 Perceptual Selection Important Concepts Copyright 2010 Pearson Education, Inc. Chapter Six Slide 14

15 Organization 3 Principles of Perceptual Organization Figure and ground Grouping Closure Contrast effect People tend to organize perceptions into figure andground relationships. The ground is usually hazy. Marketers usually design so the figure is the noticed stimuli. Chapter Six Slide 15

16 Organization Principle 2 Figure and ground Grouping Closure People group stimuli to form a unified impression or concept. Grouping helps memory and recall. Copyright 2010 Pearson Education, Inc. Chapter Six Slide 16

17 Organization Principle 3 Figure and ground Grouping Closure People have a need for closure and organize perceptions to form a complete picture. Will often fill in missing pieces Incomplete messages remembered more than complete Chapter Six Slide 17

18 What Element of Perceptual Organization Is Featured in This Ad? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 18

19 Closure Copyright 2010 Pearson Education, Inc. Chapter Six Slide 19

20 What Element of Perceptual Organization Is Featured in This Ad? Chapter Six Slide 20

21 Discussion Question Do you agree you remember more of what you have NOT completed? How might a local bank use this in their credit card advertising? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 21

22 Interpretation Perceptual interpretation occurs because consumers have unique motives, interests, and experiences Stereotypes People hold meanings related to stimuli Physical appearances Descriptive terms First impressions Hallo effect Chapter Six Slide 22

23 Interpretation Positive attributes of people they know to those who resemble them Beautiful show host Color to food Celebrities Important for model selection Chapter Six Slide 23

24 Interpretation Verbal messages reflect stereotypes names and advertisement in services are particularly important due to the intangible nature of services Restaurants (Michelin Star) Ambience Hospitality Home away from home Health food Chapter Six Slide 24

25 How Does This Ad Depict Perceptual Interpretation? Chapter Six Slide 25

26 It Contrasts the Powerful Durango with Less Rugged Referred to in the Ad as the Land Of Tofu. Copyright 2010 Pearson Education, Inc. Chapter Six Slide 26

27

28 Interpretation First impressions are lasting The perceiver is trying to determine which stimuli are relevant, important, or predictive Copyright 2010 Pearson Education, Inc. Chapter Six Slide 28

29 Interpretation Consumers perceive and evaluate multiple objects based on just one dimension Chapter Six Slide 29

30 Product Positioning Establishing a specific image for a brand in the consumer s mind in relation to competing brands Conveys the product in terms of how it fulfills a need Successful positioning creates a distinctive, positive brand image Copyright 2010 Pearson Education, Inc. Chapter Six Slide 30

31 Which Concepts of Perception Are Applied in These Ads? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 31

32 The Principle Of Contrast Chapter Six Slide 32

33 Packaging as a Positioning Element Packaging conveys the image that the brand communicates to the buyer. Color, weight, image, and shape are all important Shampoo for example Repositioning might be necessary because: Increased competition Changing consumer tastes Copyright 2010 Pearson Education, Inc. Chapter Six Slide 33

34 Perceptual Mapping An analytical technique that enables marketers to visualize how their product is positioned in the consumer s mind To plot graphically consumers perceptions concerning product benefits or attributes of specific brands Chapter Six Slide 34

35 Perceptual Mapping Figure 6.9 Slogans used to position new condos in New York City Chapter Six Slide 35

36 Positioning of Services The intangibility nature of a service Image is a key factor for services Services often want a differentiated positioning strategy to market several versions of their service to different markets. Chapter Six Slide 36

37 Which Elements of This Ad Convey the Restaurant s Perceptual Position and How? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 37

38 The Steak Knife and the Reference to Vegetarians Convey The Position of the Restaurant as a Well Established Steakhouse Copyright 2010 Pearson Education, Inc. Chapter Six Slide 38

39 Perceived Price and Perceived Quality Perceived price should reflect the value that the customer receives from their purchase Reference prices used as a basis for comparison in judging another price Internal Ones that the consumer knows External Perceived Quality of Products Intrinsic Cues concern the physical characteristics of the product. These include color, flavor, aroma, and size vs. Extrinsic Cues not really part of the physical product, including brand name, reputation, and location (country of origin as well) Chapter Six Slide 39

40 Three Pricing Strategies Focused on Perceived Value Table 6.4 Chapter Six Slide 40

41 Measuring Perceptions of Brand Luxury Chapter Six Slide 41

42 Perceived Quality of Services Difficult due to characteristics of services Intangible Variable Perishable Simultaneously Produced and Consumed SERVQUAL scale used to measure gap between customers expectation of service and perceptions of actual service The scale measures five dimensions, including reliability, responsiveness, assurance, empathy, and tangibility Chapter Six Slide 42

43 Value is the trade off between perceived benefits and perceived sacrifice (monetary or time) Price/Quality Relationship The perception of price as an indicator of product quality (e.g., the higher the price, the higher the perceived quality of the product.) Chapter Six Slide 43

44 How Can This Ad Affect the Service s Perceived Quality? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 44

45 It Uses a Process Dimension in Advertising a Newly Formed Business Class on an Airline Copyright 2010 Pearson Education, Inc. Chapter Six Slide 45

46 Discussion Questions When have you used price as an indicator of quality? Were you correct? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 46

47 Which of the Ad s Elements Conveys the Product s Quality? Copyright 2010 Pearson Education, Inc. Chapter Six Slide 47

48 The Slogan on the Ad s Bottom Left Reads Perfection Has Its Price Copyright 2010 Pearson Education, Inc. Chapter Six Slide 48

49 Retail Store Image Chapter Six Slide 49

50 Manufacturer s Image Manufacturers want their corporate image to be positive so that their products and brands can be positively perceived in the marketplace Favorable image tied to new product acceptance Companies sponsor community events to enhance images Product and institutional images (Exhibitions & Sponsorships) Chapter Six Slide 50

51 Perceived Risk The degree of uncertainty perceived by the consumer as to the consequences (outcome) of a specific purchase decision Types Functional Risk product will not perform as expected Physical Risk the risk to self and others Financial Risk product will not be worth its cost Social Risk product might lead to social embarrassment Psychological Risk poor product choice will hurt the consumer's ego Time Risk the time has been wasted in purchasing this product Chapter Six Slide 51

52 How Consumers Handle Risk Seek Information more knowledge when they purchase Stay Brand Loyal avoiding risk by sticking with a known product Select by Brand Image reduce their risk because they may already know and trust the brand Rely on Store Image Nice shop front or well decorated Buy the Most Expensive Model price/quality relationship will safely deliver them the best product Seek Reassurance money back guarantees, warranties, seals of approval and free trials Chapter Six Slide 52

Consumer Behavior, Eighth Edition SCHIFFMAN & KANUK. Chapter 6. Consumer Perception 6-1

Consumer Behavior, Eighth Edition SCHIFFMAN & KANUK. Chapter 6. Consumer Perception 6-1 Consumer Behavior, Eighth Edition SCHIFFMAN & KANUK Chapter 6 Consumer Perception 6-1 Perception The process by which an individual selects, organizes, and interprets stimuli into a meaningful and coherent

More information

CHAPTER 6. Consumer Perception

CHAPTER 6. Consumer Perception 138 CHAPTER 6 Consumer Perception LEARNING OBJECTIVES After studying this chapter students should be able to: 1. Understand the sensory dynamics of perception. 2. Learn about the three elements of perception.

More information

CHAPTER 2 THEORITICAL FOUNDATION

CHAPTER 2 THEORITICAL FOUNDATION CHAPTER 2 THEORITICAL FOUNDATION 2.1 Conceptual Framework of Brand Equity The framework of this research is based on the conceptual framework of brand equity presented by Yoo, et al., (2000) that appears

More information

Chapter 15. Shaping Consumers Opinions

Chapter 15. Shaping Consumers Opinions Chapter 15 Shaping Consumers Opinions Opinion formation: the first time we develop a belief, feeling, or attitude about something Comprehension: involves the interpretation of a stimulus When meaning is

More information

Contents. Part- I: Introduction to Consumer Behavior. Chapter 1 Consumer Research Chapter 2 Segmenting Consumers 22-40

Contents. Part- I: Introduction to Consumer Behavior. Chapter 1 Consumer Research Chapter 2 Segmenting Consumers 22-40 Contents Preface Part- I: Introduction to Consumer Behavior Chapter 1 Consumer Research 3-21 Chapter 2 Segmenting Consumers 22-40 Part - II: Consumer as an Individual Chapter 3 Motivation 43-66 Chapter

More information

Strategy and the Marketing Mix

Strategy and the Marketing Mix Strategy and the Marketing Mix Business Policy Please note that these slides are not intended as a substitute to reading the recommended text for this course. 0 Objectives Relevance of strategic marketing

More information

PERSONAL SELLING (PART-3) PRODUCT KNOWLEDGE

PERSONAL SELLING (PART-3) PRODUCT KNOWLEDGE PERSONAL SELLING (PART-3) PRODUCT KNOWLEDGE 1. INTRODUCTION Hello students, Welcome to the series on personal selling. Today we are going to study about Product knowledge in personal selling. Definition

More information

Chapter 14. Making Contact

Chapter 14. Making Contact Chapter 14 Making Contact Exposure Exposure: occurs when there is physical proximity to a stimulus that allows one or more of our five senses the opportunity to be activated Activation happens when a stimulus

More information

CONSUMER BEHAVIOUR AND MARKETING STRATEGY

CONSUMER BEHAVIOUR AND MARKETING STRATEGY MARK2051: Consumer Behaviour Study Notes CONSUMER BEHAVIOUR AND MARKETING STRATEGY Marketing strategy: combination of product, price, distribution and promotion most suited to a particular group of consumers.

More information

CHAPTER 7 CONCLUSIONS AND RECOMMENDATIONS

CHAPTER 7 CONCLUSIONS AND RECOMMENDATIONS CHAPTER 7 CONCLUSIONS AND RECOMMENDATIONS 7.1 INTRODUCTION The area of research undertaken in this study, namely to determine consumer perceptions of displayed product attributes in advertising, is a research

More information

Exchange is the basis of marketing, with both parties to the exchange receiving something of value.

Exchange is the basis of marketing, with both parties to the exchange receiving something of value. Marketing Midterm Study Guide Chapter 1 Notes: Many people perceive marketing to be just advertising and personal selling, but it involves much more, including efforts by individuals and organizations

More information

Marketing: An Introduction

Marketing: An Introduction Marketing: An Introduction Armstrong, Kotler Chapter Seven Product, services, and branding strategy Looking Ahead Define product and the major classifications of products and services. Describe the roles

More information

Customer Behavior in Service Encounters

Customer Behavior in Service Encounters Chapter 2: Customer Behavior in Service Encounters Presented by: Prof. Dr. Deden Mulyana, SE.,M.Si. http://www.deden08m.com Slide 2007 by Christopher Lovelock and Jochen Wirtz Services Marketing 6/E Chapter

More information

Postgraduate Diploma in Marketing December 2016 Examination Exploring Consumer Behaviour (ECB)

Postgraduate Diploma in Marketing December 2016 Examination Exploring Consumer Behaviour (ECB) Postgraduate Diploma in Marketing December 2016 Examination Exploring Consumer Behaviour (ECB) Date: 19 December 2016 Time: 0830 Hrs 1130 Hrs Duration: Three (03) Hrs Total marks for this paper is 100

More information

Copyright 2013 Pearson Education CHAPTER:10 MEASURING OUTCOMES OF BRAND EQUITY: CAPTURING MARKET PERFORMANCE

Copyright 2013 Pearson Education CHAPTER:10 MEASURING OUTCOMES OF BRAND EQUITY: CAPTURING MARKET PERFORMANCE Copyright 2013 Pearson Education CHAPTER:10 MEASURING OUTCOMES OF BRAND EQUITY: CAPTURING MARKET PERFORMANCE Learning Objectives Recognize the multidimensionality of brand equity and the importance of

More information

Chapter 2 The Role of IMC in the Marketing Process. Learning Objectives. Learning Objectives

Chapter 2 The Role of IMC in the Marketing Process. Learning Objectives. Learning Objectives Chapter 2 The Role of IMC in the Marketing Process Copyright 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

More information

Services Marketing 7e, Global Edition Chapter 7: Promoting Services and Educating Customers

Services Marketing 7e, Global Edition Chapter 7: Promoting Services and Educating Customers Services Marketing 7e, Global Edition Chapter 7: Promoting Services and Educating Customers Slide 2010 by Lovelock & Wirtz Services Marketing 7/e Chapter 7 Page 1 Overview of Chapter 7 Role of Marketing

More information

Introduction. Understanding visitor needs is about understanding who your customers are and what they want.

Introduction. Understanding visitor needs is about understanding who your customers are and what they want. UNDERSTANDING Introduction In this guide we ll help you to identify and develop quality visitor experiences that meet and exceed consumer expectations. We ll focus on the importance of researching the

More information

Chapter 14 Marketing. Chapter 14 Marketing

Chapter 14 Marketing. Chapter 14 Marketing Chapter 14 Marketing Chapter 14 Marketing Learning outcomes Contextualise the marketing process Explain the target market Discuss marketing strategy Describe the elements of the marketing mix Differentiate

More information

Learning Objectives. Learning Objectives 17/03/2016. Chapter 1 An Introduction to Integrated Marketing Communications

Learning Objectives. Learning Objectives 17/03/2016. Chapter 1 An Introduction to Integrated Marketing Communications Chapter 1 An Introduction to Integrated Marketing Communications Copyright 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill

More information

Building a Powerful Marketing Plan

Building a Powerful Marketing Plan Building a Powerful Marketing Plan CHAPTER 8 Copyright 2011 Pearson Education, Inc. Publishing as Prentice Hall !! Marketing Building a Guerrilla Marketing Plan!! The process of creating and delivering

More information

Introduction. 1. What is positioning? Topic 4 Position the product Market Pla ce Concept

Introduction. 1. What is positioning? Topic 4 Position the product Market Pla ce Concept Topic 4 Position the product Market Pla ce Concept Introduction Having chosen the best market segment or segments to compete in, the marketer needs to position the product in a certain way. The idea behind

More information

BA230-Marketing Communication

BA230-Marketing Communication BA230-Marketing Communication Product Decisions Quality Design Branding Packaging Customer Service New Products Product mix, line and life cycle strategies Goals Objectives Mix Budget Promotion Messages

More information

International Marketing Management. Topic 6. Branding Strategy and international product policy

International Marketing Management. Topic 6. Branding Strategy and international product policy International Marketing Management Topic 6. Branding Strategy and international product policy Trademark. A Trademark (Brand) is a name, term, sign, symbol, or any other feature that has the purpose of

More information

namibia UniVERSITY OF SCIEnCE AnD TECHnOLOGY Management Sciences 2"d OPPORTUNITY EXAMINATION QUESTION PAPER

namibia UniVERSITY OF SCIEnCE AnD TECHnOLOGY Management Sciences 2d OPPORTUNITY EXAMINATION QUESTION PAPER namibia UniVERSITY OF SCIEnCE AnD TECHnOLOGY Management Sciences Marketing & Logistics (Marketing Section) QUALIFICATION: BACHELOR OF MARKETING QUALIFICATION CODE: 07BMAR LEVEL: NQF LEVEL 7 COURSE: CONSUMER

More information

White Paper 130 Sensory Cues Approach Boosts New Product Survival Rate

White Paper 130 Sensory Cues Approach Boosts New Product Survival Rate Sensory Cues Approach Boosts New Product Survival Rate Why Cues Matter Sensory Cues Approach Boosts New Product Survival Rate For many companies, new products are the organization s lifeblood. Nonetheless,

More information

Service Strategy. Nature of Service Competitive Environment Competitive Strategies Role of Information. The Alamo Drafthouse

Service Strategy. Nature of Service Competitive Environment Competitive Strategies Role of Information. The Alamo Drafthouse Service Strategy Nature of Service Competitive Environment Competitive Strategies Role of Information The Alamo Drafthouse 2 1 Case Questions Define the service concept. Identify the target market. What

More information

Sri Lanka Institute of Marketing Page 1

Sri Lanka Institute of Marketing Page 1 Postgraduate Diploma in Marketing Detailed Syllabus Stage 01 : Diploma in Marketing Subject: Exploring Consumer Behaviour(ECB) Release : January 2018 Course Unit Name: Course Unit Code: Exploring Consumer

More information

CHAPTER TWO The Consumer Research Process

CHAPTER TWO The Consumer Research Process CHAPTER TWO The Consumer Research Process Copyright 2010 Pearson Education, Inc. Learning Objectives 1. To Understand the Importance of Consumer Research for Firms and Their Brands, as Well as Consumers.

More information

Marketing mix and product concept. Ing. Lukas Gottwald Dept. Of Corporate Economics

Marketing mix and product concept. Ing. Lukas Gottwald Dept. Of Corporate Economics Marketing mix and product concept Ing. Lukas Gottwald Dept. Of Corporate Economics lukas@gottwald.cz Lesson Structure 4Ps Product Product Aspects Product Classiffication Product Lifecycle Product Positioning

More information

Chapter Five. Consumer Markets and Consumer Buyer Behavior. I t s good and good for you. Chapter 5- slide 1

Chapter Five. Consumer Markets and Consumer Buyer Behavior. I t s good and good for you. Chapter 5- slide 1 I t s good and good for you Chapter Five Consumer Markets and Consumer Buyer Behavior Chapter 5- slide 1 Consumer Markets and Consumer Buyer Behavior Topic Outline Model of Characteristics Affecting Consumer

More information

Sensory Stimuli 1. Dissertation: SENSORY STIMULI IN MARKETING Number of page: 5. Academic level: Doctoral. Number of sources: 10

Sensory Stimuli 1. Dissertation: SENSORY STIMULI IN MARKETING Number of page: 5. Academic level: Doctoral. Number of sources: 10 Sensory Stimuli 1 Dissertation: SENSORY STIMULI IN MARKETING Number of page: 5 Urgency: 3 days Academic level: Doctoral Style: Harvard Number of sources: 10 Sensory Stimuli 2 Introduction In the recent

More information

ADVERTISING DESIGN: THEORETICAL FRAMEWORKS AND TYPES OF APPEALS. Chapter 6

ADVERTISING DESIGN: THEORETICAL FRAMEWORKS AND TYPES OF APPEALS. Chapter 6 ADVERTISING DESIGN: THEORETICAL FRAMEWORKS AND TYPES OF APPEALS Chapter 6 Chapter Objectives 1. How do advertising theories help the creative move a consumer from awareness of a product to the eventual

More information

Watson-Glaser III Critical Thinking Appraisal (US)

Watson-Glaser III Critical Thinking Appraisal (US) Watson-Glaser III Critical Thinking Appraisal (US) Development Report Candidate Name: Organization: Pearson Sample Corporation Date of Testing: 21-11-2017 (dd-mm-yyy) 21-11-2017 Page 1 of 15 How to Use

More information

Getting Brand Assets Right Leveraging your distinctive brand identity to grow your brand

Getting Brand Assets Right Leveraging your distinctive brand identity to grow your brand January 2018 Getting Brand Assets Right Leveraging your distinctive brand identity to grow your brand Brands exist in an ever-changing, dynamic environment where disruptive competition and blending categories

More information

Getting Brand Assets Right Leveraging your distinctive brand identity to grow your brand

Getting Brand Assets Right Leveraging your distinctive brand identity to grow your brand December 2017 Getting Brand Assets Right Leveraging your distinctive brand identity to grow your brand Brands exist in an ever-changing, dynamic environment where disruptive competition and blending categories

More information

136 Contemporary Issues in Marketing

136 Contemporary Issues in Marketing 136 Contemporary Issues in Marketing Chapter 7.indd 136 3/11/09 4:49:38 PM Determinants of Brand Equity Towards Mineral Water: A Case Study of Spritzer 7 DETERMINANTS OF BRAND EQUITY TOWARDS MINERAL WATER:

More information

MKT547 Marketing Communications. Shamshul Anaz Hj. Kassim UiTM Perlis

MKT547 Marketing Communications. Shamshul Anaz Hj. Kassim UiTM Perlis MKT547 Marketing Communications Shamshul Anaz Hj. Kassim UiTM Perlis Introduction Understanding consumer behavior is important so marketers can design a more effective MarCom programs Marketing communicators

More information

Smart Research for fresh Communication Designs

Smart Research for fresh Communication Designs Smart Research for fresh Communication Designs Communication design is the packaging and staging of preference-steering brand and product messages. Ideally, communications should be clear and simple but

More information

Nike Sports Apparel Advertising: Cognitive responses and Positioning. Table of Contents. Jim Rodriguez. Keywords: Abstract and Purpose.

Nike Sports Apparel Advertising: Cognitive responses and Positioning. Table of Contents. Jim Rodriguez. Keywords: Abstract and Purpose. 1 Nike Sports Apparel Advertising: Cognitive responses and Positioning Table of Contents Abstract and Purpose.2 Author: Jim Rodriguez Introduction... 3 Elaboration Likelihood Model...3 Positioning Model...4,

More information

Service Quality. Chapter 10

Service Quality. Chapter 10 Service Quality Chapter 10 Service Quality Measuring and improving quality is more difficult for services than for products Unsatisfactory service cannot be replaced or repaired Intangible and temporary

More information

CHAPTER 13 MARKETING MANAGEMENT

CHAPTER 13 MARKETING MANAGEMENT CHAPTER 13 MARKETING MANAGEMENT Chapter content Introduction The evolution of marketing thought The marketing concept Defining marketing The components of the marketing process Market research Consumer

More information

Introduction Part IV and Chapter 14 Product decisions Hollensen: Global Marketing, 5 th Edition, Pearson Education Limited 2011

Introduction Part IV and Chapter 14 Product decisions Hollensen: Global Marketing, 5 th Edition, Pearson Education Limited 2011 Svend Hollensen GLOBAL MARKETING 5 th Edition Introduction Part IV and Chapter 14 Product decisions Slide 14.2 Slide 14.3 Figure IV.1 Environmental factors influencing the balance between standardization

More information

Module 1 : Introduction to Services Marketing Lesson 4: Characteristics of Services

Module 1 : Introduction to Services Marketing Lesson 4: Characteristics of Services Module 1 : Introduction to Services Marketing Lesson 4: Characteristics of Services NPTEL IIT Kharagpur Page 1 Content 4.1 Introduction 4.2 Keywords 4.3 Definition of Services 4.4 Characteristics of Services

More information

Service Strategy. Service Strategies Strategies and Operations Service Package Role of Information. Review: Nature of Service

Service Strategy. Service Strategies Strategies and Operations Service Package Role of Information. Review: Nature of Service Service Strategy Service Strategies Strategies and Operations Service Package Role of Information Review: Nature of Service Customer Participation: attention to facility design, opportunities for co production,

More information

2011 Holiday Tips for Social Media Advertisers

2011 Holiday Tips for Social Media Advertisers 2011 Holiday Tips for Social Media Advertisers October 2011 Kenshoo.com/Social INTRODUCTION ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

More information

Chapter 13. Services: the intangible product

Chapter 13. Services: the intangible product Chapter 13 Services: the intangible product Today 1. Describe how the marketing of services differs from the marketing of products. 2. Discuss how firms can provide a good service 3. Examine the five service

More information

Services Marketing 7e, Global Edition Chapter 2: Consumer Behavior in a Services Context

Services Marketing 7e, Global Edition Chapter 2: Consumer Behavior in a Services Context Services Marketing 7e, Global Edition Chapter 2: Consumer Behavior in a Services Context Slide 2010 by Lovelock & Wirtz Services Marketing 7/e Chapter 2 Page 1 Overview Of Chapter 2 Customer Decision Making:

More information

Certified Consumer Behavior Analyst VS-1200

Certified Consumer Behavior Analyst VS-1200 Certified Consumer Behavior Analyst VS-1200 Certified Consumer Behavior Analyst Certified Consumer Behavior Analyst Certification Code VS-1200 Vskills certification for Consumer Behavior Analyst assesses

More information

Sensory Marketing And Its Models

Sensory Marketing And Its Models Sensory Marketing And Its Models Mehrnaz Sayadi Department of Management, College of Humanities, Hamedan Science and Research Branch,Islamic Azad University, Hamedan,Iran. Mehrnaz.sayadi@gmail.com Houshang

More information

Principles Of Marketing _ MGT 301. Lesson 18

Principles Of Marketing _ MGT 301. Lesson 18 Lesson 18 Lesson overview and learning objectives: In last Lesson we studied the segmentation to day we will continue the same topic and market targeting, and market positioning MARKET SEGMENTATION (CONTINUED)

More information

Module Contact: Dr Usha Sundaram NBS Copyright of the University of East Anglia Version 1

Module Contact: Dr Usha Sundaram NBS Copyright of the University of East Anglia Version 1 UNIVERSITY OF EAST ANGLIA Norwich Business School UG Examination 2014-15 PRINCIPLES OF MARKETING MAIN EXAMINATION Time allowed: 2 hours Answer TWO questions Each question is worth 100 marks The TOTAL number

More information

Chapter 13. Setting Product Strategy. Copyright 2016 Pearson Education Ltd. 13-1

Chapter 13. Setting Product Strategy. Copyright 2016 Pearson Education Ltd. 13-1 Chapter 13 Setting Product Strategy Copyright 2016 Pearson Education Ltd. 13-1 Product Product Characteristics and Classifications Anything that can be offered to a market to satisfy a want or need, including

More information

Chapter 9 STRATEGIC BRAND MANAGEMENT

Chapter 9 STRATEGIC BRAND MANAGEMENT Chapter 9 STRATEGIC BRAND MANAGEMENT Challenges in Building Strong Brands Strategic Brand Analysis Brand Identity ty Strategies es Managing Products/Brands Managing the Brand Portfolio 1 CHALLENGES IN

More information

An Investigation on How Brand Attachment and Brand Experience Affect Customer equity and Customer Loyalty

An Investigation on How Brand Attachment and Brand Experience Affect Customer equity and Customer Loyalty An Investigation on How Brand Attachment and Brand Experience Affect Customer equity and Customer Loyalty Research motivation: In the recent years, many constructs have been developed in the field of branding.

More information

7 Quality Organizations and Service. Copyright 2016, 2013, 2011 Pearson Education, Inc. 1

7 Quality Organizations and Service. Copyright 2016, 2013, 2011 Pearson Education, Inc. 1 7 Quality Organizations and Service Copyright 2016, 2013, 2011 Pearson Education, Inc. 1 PERFORMANCE PROFITS CUSTOMERS Copyright 2016, 2013, 2011 Pearson Education, Inc. 2 After studying these topics,

More information

Watson Glaser III (US)

Watson Glaser III (US) Watson Glaser III (US) Development Report Candidate Name: Organization: Pearson Sample Corporation Date of Testing: (dd mm yyyy) Page 1 of 15 How to Use Your Report Success in the 21st century workplace

More information

Lecture Guide. Marketing: Essentials 6e

Lecture Guide. Marketing: Essentials 6e Lecture Guide for Cloe - Lascu Marketing: Essentials 6e 489 Slides Written by the textbook authors Use as flash cards for terminology & concept review Use for notes during instructor lectures Affordable:

More information

DEVELOPING A BRAND EQUITY MEASUREMENT AND MANAGEMENT SYSTEM

DEVELOPING A BRAND EQUITY MEASUREMENT AND MANAGEMENT SYSTEM DEVELOPING A BRAND EQUITY MEASUREMENT AND MANAGEMENT SYSTEM The New Accountability Virtually every marketing dollar spent today must be justified as both effective and efficient in terms of return of marketing

More information

Pre-purchase Stage. Chapter 2: Consumer Behavior in a Services Context. Overview Of Chapter 2

Pre-purchase Stage. Chapter 2: Consumer Behavior in a Services Context. Overview Of Chapter 2 Chapter 2: Consumer Behavior in a Services Context Slide 2010 by Lovelock & Wirtz 7/e Chapter 2 Page 1 Overview Of Chapter 2 Customer Decision Making: The Three- Model of Service Consumption Pre-purchase

More information

As a part of the organization, have you ever wondered about:

As a part of the organization, have you ever wondered about: Introduction As a part of the organization, have you ever wondered about: Who are the consumers of your products and services? Why do these consumers buy your brand and not that of the competitors? How

More information

MKTG CHAPTER. Lamb, Hair, McDaniel. Consumer Decision Making. Designed by Amy McGuire, B-books, Ltd. Prepared by Dana Freeman, B-books, Ltd.

MKTG CHAPTER. Lamb, Hair, McDaniel. Consumer Decision Making. Designed by Amy McGuire, B-books, Ltd. Prepared by Dana Freeman, B-books, Ltd. Lamb, Hair, McDaniel Designed by Amy McGuire, B-books, Ltd. MKTG 6 CHAPTER Consumer Decision Making Prepared by Dana Freeman, B-books, Ltd. Consumer Behavior Consumer Behavior Processes a consumer uses

More information

0 RUSSELL RESEARCH GENERATIONS OF FLOWERS RESEARCH DEVELOPING A MULTI-GENERATIONAL MARKETING APPROACH

0 RUSSELL RESEARCH GENERATIONS OF FLOWERS RESEARCH DEVELOPING A MULTI-GENERATIONAL MARKETING APPROACH 0 RUSSELL RESEARCH GENERATIONS OF FLOWERS RESEARCH DEVELOPING A MULTI-GENERATIONAL MARKETING APPROACH INTRODUCTION The Society of American Florists (SAF) commissioned a research study in 2009 which evaluated

More information

UNITED ADVERTISING MEDIA KIT

UNITED ADVERTISING MEDIA KIT UNITED ADVERTISING MEDIA KIT UNITED ADVERTISING United Indoor Advertising is a marketing company that specializes in targeting a captive audience and getting results. How do we do that? With indoor billboards

More information

Chapter 1. Differing Perspectives on Quality. Copyright 2013 Pearson Education, Inc. Publishing as Prentice Hall. 1-1

Chapter 1. Differing Perspectives on Quality. Copyright 2013 Pearson Education, Inc. Publishing as Prentice Hall. 1-1 Chapter 1 Differing Perspectives on Quality Copyright 2013 Pearson Education, Inc. Publishing as Prentice Hall. 1-1 Copyright 2013 Pearson Education, Inc. Publishing as Prentice Hall. 1-2 Customer Feedback

More information

Fifth Edition CONSUMER BEHAVIOUR

Fifth Edition CONSUMER BEHAVIOUR Fifth Edition CONSUMER BEHAVIOUR PEARSON Harlow, England London New York Boston San Francisco Toronto -Sydney Auckland Singapore,- _ Hon 8 Kon 8 * Tok y ' Seoul Taipei New Delhi Cap, Town. Sao Pauio Mexico

More information

Trends In Consumer Research Space

Trends In Consumer Research Space Trends In Consumer Research Space The Desi Backdrop India is expected to be one of THE TOP THREE economic powers of the world India has emerged as the fastest growing major economy in the world and is

More information

Principles of Marketing. by Jeff Tanner and Mary Anne Raymond

Principles of Marketing. by Jeff Tanner and Mary Anne Raymond Principles of Marketing by Jeff Tanner and Mary Anne Raymond Chapter 3 Consumer Behavior How People Make Buying Decisions 2010 Flat World Knowledge, Inc. do you buy the you buy? did you on what you bought?

More information

CHAPTER 2 RETAIL STRATEGIC PLANNING AND OPERATIONS MANAGEMENT

CHAPTER 2 RETAIL STRATEGIC PLANNING AND OPERATIONS MANAGEMENT CHAPTER 2 RETAIL STRATEGIC PLANNING AND OPERATIONS MANAGEMENT MULTIPLE CHOICE 1. is the anticipation and organization of what needs to be done to reach an objective. a. Analyzing b. Forecasting c. Planning

More information

Brands Need Friends. For marketers around the world, Advocacy Fuels Growth in India

Brands Need Friends. For marketers around the world, Advocacy Fuels Growth in India Brands Need Friends Advocacy Fuels Growth in India By Steve Knox, Amitabh Mall, Nimisha Jain, Kunal Rana, and Shruti Patodia For marketers around the world, word of mouth matters. For marketers in India,

More information

Chapter Seven International Product and Brand Marketing. Copyright 2012, SAGE Publications, Inc.

Chapter Seven International Product and Brand Marketing. Copyright 2012, SAGE Publications, Inc. Chapter Seven International Product and Brand Marketing Learning Objectives 1. What basic product categories and product dimensions are available in domestic and international markets? 2. What types of

More information

Lecture 1: Introduction to Marketing; The Marketing Environment and Market Analysis Chapters 1.

Lecture 1: Introduction to Marketing; The Marketing Environment and Market Analysis Chapters 1. Lecture 1: Introduction to Marketing; The Marketing Environment and Market Analysis Chapters 1. What is marketing? Marketing- the activity, set of institutions, and processes for creating, communicating,

More information

Chapter One: Introduction to Marketing... 2 Chapter Two: The Marketing Environment and Marketing Analysis Triple Bottom Line...

Chapter One: Introduction to Marketing... 2 Chapter Two: The Marketing Environment and Marketing Analysis Triple Bottom Line... CONTENTS Chapter One: Introduction to Marketing... 2 Chapter Two: The Marketing Environment and Marketing Analysis... 7 Triple Bottom Line... 9 Chapter Three: Market Research... 11 Chapter Four: Consumer

More information

CHAPTER II THEORETICAL FOUNDATION

CHAPTER II THEORETICAL FOUNDATION CHAPTER II THEORETICAL FOUNDATION Theoretical foundation consists of the theoretical base such as opinion and understanding from several experts, which are gathered as secondary data from various sources

More information

CHAPTER 5 SWOT ANALYSIS AND MARKETING MIX

CHAPTER 5 SWOT ANALYSIS AND MARKETING MIX Objectives: CHAPTER 5 SWOT ANALYSIS AND MARKETING MIX After completing this chapter, student should be able to understand, SWOT analysis Marketing mix SWOT ANALYSIS SWOT stands for: Strengths Weaknesses

More information

Mandarin Oriental Miami See. Hear. Smell. Touch. Taste. Believe

Mandarin Oriental Miami See. Hear. Smell. Touch. Taste. Believe Copyright 2006 by McDaniel Consulting Ltd. Mandarin Oriental Miami See. Hear. Smell. Touch. Taste. Believe times are changing. quality products + competitive pricing + service differentiation quality products

More information

Tourism Regulatory Authority. Willis Ondiek

Tourism Regulatory Authority. Willis Ondiek Tourism Regulatory Authority Willis Ondiek The role of Quality Workforce on Service Delivery / Impact of HR on Sector Performance Willis Ondiek Service Quality Quality Service Quality Service Quality Framework/

More information

Watson-Glaser II Critical Thinking Appraisal. Development Report. John Sample COMPANY/ORGANIZATION NAME. March 31, 2009.

Watson-Glaser II Critical Thinking Appraisal. Development Report. John Sample COMPANY/ORGANIZATION NAME. March 31, 2009. Watson-Glaser II TM Critical Thinking Appraisal Development Report John Sample COMPANY/ORGANIZATION NAME March 31, 2009 Form (D,E) How to Use Your Report Success in the 21st century workplace demands critical

More information

Segmentation is taking the entire market and breaking it down into smaller groups that share similar characteristics. This is discussed in more depth

Segmentation is taking the entire market and breaking it down into smaller groups that share similar characteristics. This is discussed in more depth 1 2 3 4 Segmentation is taking the entire market and breaking it down into smaller groups that share similar characteristics. This is discussed in more depth on the next slide. 5 Homogeneous Members of

More information

How Consumer Analysis Affects Business Strategy

How Consumer Analysis Affects Business Strategy CHAPTER 2 How Consumer Analysis Affects Business Strategy Marketing Strategy Involves the allocation of resources to develop and sell products or services that consumers will perceive to provide more value

More information

Chapter 06 Service Quality

Chapter 06 Service Quality Chapter 06 Service Quality McGraw-Hill/Irwin Service Management: Operations, Strategy, and Information Technology, 6e Copyright 2008 by The McGraw-Hill Companies, Inc. All Rights Reserved. Moments of Truth

More information

PRODUCT SERVICE & BRANDING STRATEGIES SAS

PRODUCT SERVICE & BRANDING STRATEGIES SAS + PRODUCT SERVICE & BRANDING STRATEGIES SAS + What Is a Product? 9-2 n Anything that can be offered to a market for attention, acquisition, use or consumption. n Satisfies a want or a need. n Includes:

More information

CONSUMER BEHAVIOR, PERCEPTION AND SATISFACTION OF SERVICES OFFERED BY E-LEARNING ORGANIZATIONS IN CHENNAI

CONSUMER BEHAVIOR, PERCEPTION AND SATISFACTION OF SERVICES OFFERED BY E-LEARNING ORGANIZATIONS IN CHENNAI SAMZODHANA Journal of Management Research Vol, Issue 1 March 014 CONSUMER BEHAVIOR, PERCEPTION AND SATISFACTION OF SERVICES OFFERED BY E-LEARNING ORGANIZATIONS IN CHENNAI P.Suganthi, Assistant Professor,

More information

Communication Plan Workbook

Communication Plan Workbook TALK POINTS COMMUNICATION Communication Plan Workbook Templates for Six Steps to Improving Corporate Performance with a Communication Plan A Higher Level Learning Company www.talkpointscommunication.com

More information

in Service Operations

in Service Operations in Service Operations Injazz J. Chen, Atul Gupta and Walter Rom Department of Operations Management and Business Statistics, College of Business Administration, Cleveland State University, Cleveland, USA

More information

15-06 Morlot Avenue, Fair Lawn, NJ USA Tel: (201) Fax: (201)

15-06 Morlot Avenue, Fair Lawn, NJ USA Tel: (201) Fax: (201) 15-06 Morlot Avenue, Fair Lawn, NJ 07410 USA Tel: (201) 796-2690 Fax: (201) 796-8818 info@articulight.com articulight@aol.com www.articulight.com GRAPHIC PROJECTORS APPLICATIONS Create good will with aesthetically

More information

Manajemen Pelayanan Jasa. Semester Gasal 2017 Universitas Pembangunan Jaya

Manajemen Pelayanan Jasa. Semester Gasal 2017 Universitas Pembangunan Jaya Manajemen Pelayanan Jasa Semester Gasal 2017 Universitas Pembangunan Jaya Course Objectives Identifying unique challenges involved in managing services Recoqnizing the role of employees and customers in

More information

Consumer Decision Making

Consumer Decision Making Nonstock/Jupiterimages Lamb, Hair, McDaniel Consumer Decision Making Chapter 6 Copyright 2012 by Cengage Learning Inc. All rights reserved 1 Cultural Influences on Consumer Buying Decisions Identify and

More information

Beyond the Smoke and Mirrors: Developing & Maintaining a Corporate Image

Beyond the Smoke and Mirrors: Developing & Maintaining a Corporate Image Beyond the Smoke and Mirrors: Developing & Maintaining a Corporate Image presented by Christine A. Olson, M.L.S., M.A.S. Principal Consultant, Chris Olson & Associates Association of Independent Information

More information

Getting Past 3rd Base: The Small Business Branding Challenge

Getting Past 3rd Base: The Small Business Branding Challenge Getting Past 3rd Base: The Small Business Branding Challenge When you think about the brands that you purchase, what is it that makes you prefer one brand to another brand on the shelf? Ask this question

More information

MKT624 Brand Management Solved MCQs By

MKT624 Brand Management Solved MCQs By MKT624 Brand Management Solved MCQs By http://vustudents.ning.com 1. At the center of a brand s characteristics is the following: a. Identity b. Image c. Value d. None of the given options 2. Brand management

More information

Understanding Buyer Behaviour

Understanding Buyer Behaviour Understanding Buyer Behaviour Presented by School of Marketing, The University of New South Wales In collaboration with The Australian Marketing Institute Autumn 2002 CONTACT DETAILS: Course Co-ordinator:

More information

CHAPTER 2. Consumer Behavior in a. Services. Context

CHAPTER 2. Consumer Behavior in a. Services. Context CHAPTER 2 Consumer Behavior in a Services Context Overview of Chapter 2 Consumer Decision Making: The Three-Stage Model Pre-purchase Stage Service Encounter Stage Post-purchase Stage Pre-purchase Stage

More information

Beacon Associates A Framework for Improving Point of Sale Impact June, 2011 copyright Beacon Associates, Waitsfield, Vt.

Beacon Associates A Framework for Improving Point of Sale Impact June, 2011 copyright Beacon Associates, Waitsfield, Vt. Beacon Associates A Framework for Improving Point of Sale Impact June, 2011 copyright Beacon Associates, Waitsfield, Vt. Over the past several years, there has been a shift in the mix of research projects

More information

CHAPTER II THEORETICAL FOUNDATION

CHAPTER II THEORETICAL FOUNDATION CHAPTER II THEORETICAL FOUNDATION 2.1 Physical Evidence and the Servicescape Physical evidence is stated clearly in chapter 11 of Services Marketing: Customers often rely on tangible cues, or physical

More information

DEVELOPING A WINNING MARKETING PLAN

DEVELOPING A WINNING MARKETING PLAN DEVELOPING A WINNING MARKETING PLAN SESSION OBJECTIVES Understand Marketing and definition Difference between sales and marketing The marketing mix Tools of promotion and determining which works best Online

More information

It s Just a Matter of Fact. Promotional Products Work! Paul Bellantone, CAE President & CEO Promotional Products Association International

It s Just a Matter of Fact. Promotional Products Work! Paul Bellantone, CAE President & CEO Promotional Products Association International It s Just a Matter of Fact. Promotional Products Work! Paul Bellantone, CAE President & CEO Promotional Products Association International What is a Promotional Product? A PRODUCT often imprinted with

More information

Manajemen Pelayanan Jasa. Semester Gasal 2014 Universitas Pembangunan Jaya

Manajemen Pelayanan Jasa. Semester Gasal 2014 Universitas Pembangunan Jaya Manajemen Pelayanan Jasa Semester Gasal 2014 Universitas Pembangunan Jaya Course Objectives Identifying unique challenges involved in managing services Recoqnizing the role of employees and customers in

More information

Product, Services, and Branding Strategy

Product, Services, and Branding Strategy Product, Services, and Branding Strategy Chapter 8 Learning Goals 1. Understand products and the major classifications of products and services 2. Learn the decisions companies make regarding their products

More information

The Main Elements of a Good Commercial. of getting potential consumers to purchase one's product. This raises the important question,

The Main Elements of a Good Commercial. of getting potential consumers to purchase one's product. This raises the important question, Ultius 1 Ultius, Inc. Writing Samples 21 Mar, 2016 The Main Elements of a Good Commercial In the marketing world, designing a good commercial for one's product is an integral part of getting potential

More information