The document discusses buyer behavior and the buying decision process. It covers different types of consumers and purchasing, as well as influences on buyer behavior. Models of buying behavior are presented, including the black box model showing stimuli influencing decisions. Psychological, personal, social, and situational influences on consumer decisions are outlined. Organizational buying is also discussed, including roles in buying and factors that influence organizational purchase decisions.
2. Week two - learning outcomes Different types of consumer Different types of purchasing The buying decision process Influences on Buyer Behaviour Organisational roles in buying Models of Buying Behaviour
3. Content of this week’s lecture The Black Box Types of Buying Decision & The Decision process Dissatisfaction Adoption of Innovation Industrial Applications
4. Person making buying decision Product purchased or not purchased Product offerings Other stimuli The simple ‘black box’ model of buying behaviour Adcock et al (2001,pp77)
5. Model of buyer behaviour Marketing stimuli Other stimuli Buyer’s Charact-eristics Buyer’s decision process Buyer’s decisions 4 P’s Econ. Tech. Pol. Cult. Cult. Soc. Pers. Psy. Prob. recog. Info. search Eval. of alt. Purch. decision Post-purch. beh. Pdct. choice Brand choice Dealer choice Purchase timing Purchase amount (Kotler, 2003)
6. Understanding Customers -Key Questions Who is important? Why? How do they buy? When do they buy? How often? Where are purchases made? What are the selection criteria?
7. Consumer buying decision process and possible influences on the process Psychological influences Perception Motives Ability and Knowledge Attitudes Personality Personal influences Demographic Situational Involvement Social influences Roles and family Reference groups Social classes Culture and subcultures Consumer buying decision process Evaluation of alternatives Post - purchase evaluation Purchase Information search Problem recognition Feedback
12. A Hierarchy of Influences Socio cultural Group influences Influence of individuals Personal factors Situational factors Promotional factors Product factors Marketing mix - other elements
19. The exchange process in organisational buying Information Product Financial Social Selling company Buying company
20. Organisational buying decision process and factors that may influence it Decision process Recognise problem Develop product specifications to solve problem Search for products and suppliers Evaluate products and supplies relative to specifications Select and order most appropriate products and supplies Evaluate product and supplier performance Feedback SOURCE: Adapted from Frederick E. Webster, Jr, and Yoram Wind, Organisational Buying Bahaviour (Englewood Cliffs, N.J.: Prentice-Hall, 1972), pp. 33-37. Adapted by permission. Possible influencing factors Competitive factors Legal and regulatory forces Economic conditions Sociocultural issues Technological changes Objectives Purchasing policies Resources Buying centre structure Environmental Organisational Interpersonal Co-operation Conflict Power relationships Age Education level Job status Personality Income Individual