Motivation, Ability, and Opportunity Flashcards
Definition of Motivation
The needs, wants, drives, and desires of an individual that leads him or her toward the purchase of products
3 things that affect Motivation
- Need
- Value
- Self-concept
Definition of Need
An internal state of tension caused by distance from a desired state
Definition of Value
Belief that a given behavior or outcome is good or bad
Definition of Self-concept
Our self-perception of who we are
Two typologies of Needs
- Typology 1
- Typology 2
Types of Needs under Typology 1
- Biogenic
- Psychogenic
Types of Needs under Typology 2
- Utilitarian
- Hedonic
Definition of Utilitarian Need
Functional needs that are related to the basic functions of the product
Definition of Hedonic Need
Emotional & experimental needs that go beyond the functional needs
5 types of Needs according to Maslow’s Need Hierarchy
From the most important,
1. Physiological
2. Safety
3. Belongingness
4. Ego needs
5. Self-actualization
Criticisms of Maslow’s Need Hierarchy
- According to the hierarchy, the needs of the upper level can only be filled after the needs of the lower level are filled
- The model may be too Western-centric
Characteristics of Needs
- Dynamic
- Exist in hierarchy, but may be felt simultaneously
- May be internally or externally aroused
- Can conflict
How can Needs conflict with each other?
- Approach-Avoidance
- Approach-Approach
- Avoidance-Avoidance
4 different types of Values according to Bain & Co.
- Functional element
- Emotional element
- Life changing element
- Social impact element
Definition of Political Ideologies
Beliefs that reflect a person’s view on how society should be governed
Conservatives prefer…
- Vertically differentiated products
- Riskier financial investments
Liberals prefer…
- Horizontally differentiated products
- Safer financial investments
3 characteristics of Self-Concept
- Role identity
- Self-evaluations
- Personal qualities
How can Self-Concept be utilized in marketing?
- Brand and self-congruence
- Compensatory consumption
What is Compensatory Consumption?
We buy products to highlight aspects of the self and to compensate when the sense of self is threatened
A form of symbolic consumption to offset self-threats
What is Means-End Chain Model?
Specific product attributes may be linked at levels of increasing abstraction to underlying values
Different factors of Means-End Chain Model
- Attribute
-> Tangible feature - Performance benefit
-> Functional consequence - Instrumental value
-> Psychological or social benefit that accrues from that performance - Terminal value
-> Underlying value that is reflected in the psycho-social consequence
What are the 3 outcomes of Motivation?
- High effort behavior
- High-effort information processing
- Felt involvement