Session 2 Flashcards
Triggers of need:
- Unconscious minds (e.g., personal identity and aspirations)
- Physical conditions (e.g., hunger)
- External sources (e.g., a service firm’s marketing activities)
Evoked set -
– a set of products and brands that a consumer considers during the decision-making process – that is derived from past experiences or external sources.
Credence attributes -
those that customers find impossible to evaluate confidently even after purchase and consumption (E.g., hygiene conditions of the kitchen and the healthiness of the cooking ingredients).
Control -
a major driving force of consumers behavior and satisfaction.
Behavioral control -
means that the customer can change the situation and ask for customization beyond what the firm typically offers, e.g. surprise birthday song/cake.
Decisional control -
means that the customer can choose between two or more standardized options, but without changing either option; e.g. choosing between 2 tables in a restaurant.
Cognitive control -
refers to the customer understanding why something happens, e.g. a service provider has no control over certain circumstances (flight delay).
Customer-driven Services Marketing Strategy The 3 “C’s”:
- Customers
- Competitors
- Company
Basic focus strategies for services:
- Fully focused - a limited range of services to a narrow and specific market segment, e.g. a private jet charter services for wealthy individuals and companies.
- Market focused - a wide range of services to a narrowly defined target market, e.g. Rentokil Initial (a B2B service provider that outsources services related to facilitating maintenance – pest control and hygiene).
- Service focused - a narrow range of services to a fairly broad market, e.g. Starbucks.
- Unfocused - serving broad markets, providing a wide range of services, e.g. department stores/supermarkets.
Positioning strategy -
creating, communicating, and maintaining distinctive differences that will be noticed and valued by the customers.
Positioning process:
- Define points of parity (POP)
- Define points of difference (POD)
- Focus on the most distinctive POD to build the value proposition
- Use a perceptual map
Perceptual maps -
are visual representations of consumer perceptions and preferences. They provide quantitative pictures of market situations, and the way consumers view different products, services, and brands along various dimensions.