Lecture 2 Flashcards
Marketing, goals, and learning
Individual/Micro level
Cognition, attitudes, goals, learning, emotions
Product (information/stimulus) –> framing
Consumer elaboration –> behaviour (consequence)
Uses & gratifications and behavioural economics
Household/Meso level
Place-based behaviour
Uses & gratifications and behavioural economics
Society/Macro level
Practices, sociology of consumption, distinction, economics of consumption
Marketing
Creating value for/satisfying customer companies
(that may in turn create value for/satisfy their
customers) with the ultimate goal to
CREATE VALUE & SATISFY CONSUMERS
–> Depends on consumer goals
Marketing approach
Understand consumers & what they value:
- From a societal perspective (“the group of consumers”/macro level)
- From a groups perspective
(consumer differentiation / market segmentation) (household/meso level) - From an individual perspective
(“psychology of consumers”/micro level)
Learning
“The activity or process of
acquiring knowledge or skill
by studying, practising, or
experiencing something”
“A relatively permanent change in behaviour,
knowledge, or thinking skills that occurs through
studying, practising, or experiencing”
–> Stored in memory
Thus not involved in inborn or innate
behaviours (e.g., blinking, swallowing)
Everything you know about products,
brands, services, & markets is learned
Behaviourist model
Only study observable/external behaviour
Stimulus (in the environment) –> black box (can’t be studies) –> response (behaviour)
Cognitive model
Can scientifically study internal behaviour
Input (in the environment) –> mediational process (mental event) –> output (behaviour)
Behavioural learning
Classical conditioning and operant conditioning
Cognitive learning
Observational learning, incidental learning and information processing
Unconditioned stimulus
Seeing chocolate and seeing the Tony’s logo
Unconditioned response
Eating the chocolate
Conditioned response
Seeing the Tony’s logo and knowing it’s chocolate
Conditioned response
Wanting Tony’s chocolate
Memory and purchase decision
- How much info to collect
- Which brands to search for
- What features to examine
Purchase decision –> learning –> memory