Analysis and interpretation of Consumer Behavior Applied to Kellogg's Special K

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Appealing to Consumers’ Needs MKT325-1203B-02 Consumer Behavior Fundamentals Phase 3 Individual Project Sabrina Mergenthaler Colorado Technical University Online Professor Justin Rudick September 10, 2012

description

Development of marketing plan for increasing sales and improving CRM practices to build brand awareness and loyalty for Kellogg's Special K Cereal.

Transcript of Analysis and interpretation of Consumer Behavior Applied to Kellogg's Special K

Page 1: Analysis and interpretation of Consumer Behavior Applied to Kellogg's Special K

Appealing to Consumers’ NeedsMKT325-1203B-02 Consumer Behavior Fundamentals

Phase 3 Individual Project

Sabrina Mergenthaler

Colorado Technical University Online

Professor Justin Rudick

September 10, 2012

Page 2: Analysis and interpretation of Consumer Behavior Applied to Kellogg's Special K

• Consumer seeks out information

• May use reviews or company’s website• Provide multitude of literature and material to

answer FAQ

Purchasing Buying Process

• Exploiting the need through appealing with brand

• Use of e-mail and other forms of e-marketing

Need Recognition & Awareness

Information Search

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• Product purchased

• End-user evaluates the product for satisfaction

• Consumer pleased

• Consumer displeased—buyers remorse

• Comparison of brands

• Price shopping

• Quality shopping

• Product capabilities

• Compromise Purchase

Purchasing Buying ProcessEvaluation

Page 4: Analysis and interpretation of Consumer Behavior Applied to Kellogg's Special K

A Hierarchy of Needs

Want Need Have

Self-Actualization

Esteem Recognition—Attention—

Self Respect

Social Needs Friendship—group acceptance—

giving/receiving love

Safety NeedsLiving in a safe area—Job Security—Financial

Security

Physiological Needs—Air—Water—Food—Sleep—

•Truth•Justice

•Wisdom•Meaning

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Self-Actualization

Esteem Recognition—Attention

—Self Respect

Social Needs Friendship—group acceptance—

giving/receiving love

Safety NeedsLiving in a safe area—Job Security—

Financial Security

Physiological Needs—Air—Water—Food—Sleep—

•Truth•Justice

•Wisdom•Meaning

A Hierarchy of Needs(Continued)

Want Need Have

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Maslow’s Theory in Action

Physiological Needs- Food

Social Needs- Acceptance, belonging, groups, love from others, need to fit in with trends, be beautiful

Esteem- Recognition, Attention from peers, sense of accomplishment through commitment

Self-Actualization- Self-discovery through accomplishment, Self-image-love, trust in product

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The Appealing Features

• Trendy cereal delivery—flakey, granola crumbles• Smart Phone/iPhone Apps• Younger-looking models

• Variety Options• Support Plans• Kid-Friendly• Fitness Tips• Diet Plans• Promise• Online • Colors• Sweet• Prizes

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Turning Features into Visible Benefits

Promise from the company- Instills a feeling of trust, cultivates a relationship through successfully accomplishing goals, each

success is marketing for Special K—they want women to fulfill the challenge

Trendy nature of cereal-Comfort with discussion of dieting-choice, creates openness in discussion weight loss goals, creates

common-goal awareness, new friendships

Appealing variety of flavors- reduces guilt of late-night sweet-tooth-cravings; increases likelihood of compatibility with dieting

products

Commitment to the Challenge- Recognition for achievement from peers, chance at prizes-instills feelings of happiness through

victory, a sense of being part of something

.

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A message Worth Delivering

“You’ve started earlier…” “…you’ve worked all day…” “…slaved for hours…” “…sweated…”

“…strived…”

“…pushed harder… lifted heavier…”“…and did it all without batting a lash;…”

“…now that it’s time for a little self-indulgence, you’re not going to let a whole day of hard work slip, are you?”

“Don’t worry, Special K won’t ruin all that –indulge.”

“—Yours Truly, Skinny Jeans”

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References

Customer Decision Making Process. (n.d.). M.U.S.E. Consumer Behavior Fundamentals. Colorado Technical University. Retrieved From http://coursebuildercontent.careeredonline.com/Assets/30000/23201.pdf

Maslow’s Theory of Motivation - Hierarchy of Needs. (n.d.). Envision Software. Retrieved from

http://www.envisionsoftware.com/articles/Maslows_Needs_Hierarchy.html#Physiological_Needs

Sarner, A. (2007). E-Marketing Improves the Customer's Buying Process. Gartner, Inc. Retrieved from http://www.ismart.co.uk/images/Bulletin%20Graphics/Email%20marketing%20i mproves%20the%20customer%20experience.pdf

Special K. (n.d.). Kelloggs Special K. Retrieved from www.SpecialK.com