0% found this document useful (0 votes)
21 views20 pages

Unit-5-MIT322-Consumer Driven Marketing

The document discusses consumer behavior, focusing on the consumer decision-making process, which involves selecting, purchasing, using, and disposing of goods and services. It outlines various models of consumer behavior, including the Engel, Kollat, and Blackwell Model, the Howard Sheth Model, and the Nicosia Model, each providing frameworks to understand consumer choices and influences. Understanding these models is crucial for marketers and policymakers to effectively influence purchasing behaviors.

Uploaded by

Vanshika Agrawal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
21 views20 pages

Unit-5-MIT322-Consumer Driven Marketing

The document discusses consumer behavior, focusing on the consumer decision-making process, which involves selecting, purchasing, using, and disposing of goods and services. It outlines various models of consumer behavior, including the Engel, Kollat, and Blackwell Model, the Howard Sheth Model, and the Nicosia Model, each providing frameworks to understand consumer choices and influences. Understanding these models is crucial for marketers and policymakers to effectively influence purchasing behaviors.

Uploaded by

Vanshika Agrawal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 20

Consumer Behavior

MBA-Integrated 5th Semester


RCOEM-DMT An ISO 9001:2008 Certified Institution

Unit-5: Consumer Decision Making


NAAC Accredited with 'A' Grade
An Autonomous Institution

By:
Dr. Parihar Suresh Dahake ,
Assistant Professor,
Shri Ramdeobaba College Of
Engineering & Management, Nagpur

Shri Ramdeobaba College of Engineering and Management


Consumer Market
• Consists of all the individuals and households who
buy or acquire goods and services for personal
consumption.
RCOEM-DMT An ISO 9001:2008 Certified Institution

• Once consumer recognize their problems and have


NAAC Accredited with 'A' Grade

no inhibiting constraints to take the next step in


An Autonomous Institution

their decision making process


• They need adequate information to choose
appropriate solution.
• Information search takes time, energy, money or
• giving up desirable activities and may involve
mental as well as physical activities.

Shri Ramdeobaba College of Engineering and Management


Meaning & Definition
• It represents a road map of consumer’s minds
that marketers and managers can use to help,
guide product mix, communication and sales
RCOEM-DMT An ISO 9001:2008 Certified Institution

strategies.
NAAC Accredited with 'A' Grade
An Autonomous Institution

Shri Ramdeobaba College of Engineering and Management


Types of Consumer Buying
Decisions
RCOEM-DMT An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade
An Autonomous Institution

Less More
Involvement Involvement

Shri Ramdeobaba College of Engineering and Management


Introduction
• Consumer decision making refers to the process
Introduction
through which individuals or groups select,
purchase, use, and dispose of goods, services,
RCOEM-DMT An ISO 9001:2008 Certified Institution

ideas, or experiences to satisfy their needs and


NAAC Accredited with 'A' Grade

desires.
An Autonomous Institution

• This process is crucial for marketers, economists,


and policymakers, as understanding it can inform
strategies to influence purchasing behaviors.

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management


Consumer Buying Decision Process
Engel, Kollat, and Blackwell (EKB) Model

• The Engel, Kollat, and Blackwell (EKB) Model is a


well-established framework for understanding the
consumer decision-making process. It was
RCOEM-DMT

developed by James F. Engel, David T. Kollat, and


An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Roger D. Blackwell in the 1960s and has undergone


several revisions since then. The model is
An Autonomous Institution

comprehensive, capturing the various factors and


stages that influence consumer decisions, and is
widely used in both marketing theory and practice.

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management


Engel kollat Blackwell (EKB Model)
The Howard Sheth Model of Buying Behaviour

• This model serves two purposes:


• 1. It indicates how complex the whole question of consumer
behavior is.
RCOEM-DMT An ISO 9001:2008 Certified Institution

• 2. It provides the framework for including various concepts


NAAC Accredited with 'A' Grade

like learning, perception, attitudes, etc., which play a role in


influencing consumer behavior.
An Autonomous Institution

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management


Howard Sheth Model of Consumer behaviour
Nicosia Model
• This model focuses on the relationship between the
firm and its potential consumers.
• The firm communicates with consumers through its
RCOEM-DMT An ISO 9001:2008 Certified Institution

marketing messages (advertising), and the


NAAC Accredited with 'A' Grade

consumers react to these messages by purchasing


An Autonomous Institution

response
• The firm and the consumer are connected with
each other, the firm tries to influence the consumer
and the consumer is influencing the firm by his
decision.

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management


The Howard Sheth Model of Buying
Behaviour.
• This Model Suggests Three Levels Of Decision Making: -
• 1. The first level describes the extensive problem solving. At
this level the consumer does not have any basic information
or knowledge about the brand and he does not have any
RCOEM-DMT An ISO 9001:2008 Certified Institution

preferences for any product.


NAAC Accredited with 'A' Grade

• In this situation, the consumer will seek information about


An Autonomous Institution

all the different brands in the market before purchasing.


• 2. The second level is limited problem solving. This situation
exists for consumers who have little knowledge about the
market, or partial knowledge about what they want to
purchase. In order to arrive at a brand preference some
comparative brand information is sought.

Shri Ramdeobaba College of Engineering and Management


• 3. The third level is a habitual response behavior.
• In this level the consumer knows very well about
the different brands and he can differentiate
RCOEM-DMT An ISO 9001:2008 Certified Institution

between the different characteristics of each


NAAC Accredited with 'A' Grade

product, and he already decides to purchase a


An Autonomous Institution

particular product.

Shri Ramdeobaba College of Engineering and Management


Engel-kollat-blackwell Model
• This model was created to describe the
increasing, fast-growing body of knowledge
concerning consumer behavior. This model, like in
RCOEM-DMT

other models, has gone through many revisions


An ISO 9001:2008 Certified Institution

to improve its descriptive ability of the basic


NAAC Accredited with 'A' Grade

relationships between components and


An Autonomous Institution

sub-components, this model consists also of four


stages;
• Information Input
• Information Processing
• Decision Process
• Variables Influencing The Decision Process

Shri Ramdeobaba College of Engineering and Management


Stimulus-Response Model Of Buyer Behavior

• Middleton (1994) presented an adapted model of


consumer behavior tourism, which was termed the
stimulus-response model of buyer behavior.
RCOEM-DMT An ISO 9001:2008 Certified Institution

• This model is based on the four interactive


NAAC Accredited with 'A' Grade

components with the central component identified


An Autonomous Institution

as 'buyer characteristics and decision process'.


• The model separates out motivators and
determinants in consumer buying behavior and also
emphasizes the important effects that an
organization can have on the consumer buying
process by the use of communication channels.

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management


An Autonomous Institution
RCOEM-DMT
An ISO 9001:2008 Certified Institution
NAAC Accredited with 'A' Grade

Shri Ramdeobaba College of Engineering and Management

You might also like