CB; MEC and Product Involvment .ppt

21
1. Means-End Chain 2. Consumer product involvement Shutin Wang Yiming Li Elina Rankio Dorde Lukovic Consumer Behavior Wrap Up MCA Consumer Behavior Prof. Dr. J. Roosen

Transcript of CB; MEC and Product Involvment .ppt

Page 1: CB; MEC and Product Involvment .ppt

1. Means-End Chain2. Consumer product involvement

Shutin WangYiming LiElina RankioDorde Lukovic

Consumer Behavior Wrap Up

MCA Consumer Behavior

Prof. Dr. J. Roosen

Page 2: CB; MEC and Product Involvment .ppt
Page 3: CB; MEC and Product Involvment .ppt

The Walt Disney Company a.k.a Disney

• Multinational mass media company based in California, USA

• Founded in 1923 by brothers Walt and Roy Disney

• Masters of storytelling

Page 4: CB; MEC and Product Involvment .ppt

• Beloved by people of all ages

• Became synonym for every animated movie or anything else that relates with imagination

• Flagship characters and movies: Mickey Mouse and the gang, Snow White, Peter Pan, Cinderella, Sleeping Beauty, The Lion King, Pirates of the Caribbean, Frozen, etc.

Page 5: CB; MEC and Product Involvment .ppt

• World second largest broadcasting company (after Comcast)

• Focus on theater, radio, music, publishing and online media

• Marketing more mature content than is associated with their family- oriented brands

Page 6: CB; MEC and Product Involvment .ppt

Disney HYPERREALITY

(simulation of reality which is desirable for people to embrace)

Page 7: CB; MEC and Product Involvment .ppt

Means-End chains

• Definition:This approach assumes that people link very specific product

attributes (indirectly) to terminal values; we choose

among alternative means to attain some end state we value

(such as freedom or safety). Thus, we value products to

the extent that they provide the means to some end we

desire.

Page 8: CB; MEC and Product Involvment .ppt

Means-End Chain Theory:

Page 9: CB; MEC and Product Involvment .ppt

Application: Disney Animation

Page 10: CB; MEC and Product Involvment .ppt
Page 11: CB; MEC and Product Involvment .ppt

Questions and discussion:Marketing Implications of

MEC• provide a deeper understanding of consumers

product knowledge

• identify the basic end consumers seek when they buy of use certain brands or products

• give insights to consumer deeper purchasing motivation

• identify consumer-product relationship

Page 12: CB; MEC and Product Involvment .ppt

„A person’s perceived relevance of the object based on theirinherent needs, values, and

interests”

Consumer Involvement

Page 13: CB; MEC and Product Involvment .ppt

1. How engaged the consumer is when making the purchase decision

2. How the consumer bonds with the product emotionally

Consumer Involvement

Page 14: CB; MEC and Product Involvment .ppt

Reasons for High Involvement

- Financial Risk

- Social Risk

- Personal Relevance

Page 15: CB; MEC and Product Involvment .ppt
Page 16: CB; MEC and Product Involvment .ppt

Consumer Involvement – types of Involvement

• Product Involvement How interested a consumer is in a product

• Message response involvementHow interested a consumer is to reflect on the

advertisement• Purchase situation involvement

How the buying of a product differs in situations• Enduring involvement

How important the product is for consumers self-concept

Page 17: CB; MEC and Product Involvment .ppt

Consumer Involvement Case: Disney

Usually one could put movies and related merchandise in the category of

low involvement & emotional

But, Disney has actually built a brand and brand community, that some consumer are

highly committed to so also high involvement & emotional

Applicable would also be for example parents who just buy Disney product to their children

out of habitlow involvement & rational

Page 18: CB; MEC and Product Involvment .ppt
Page 19: CB; MEC and Product Involvment .ppt

Question for Discussion

Why is Consumer Involvement important for companies?

Page 20: CB; MEC and Product Involvment .ppt

Resources:• About Disney, The Walt Disney Company;

http://thewaltdisneycompany.com/about-disney (17.01.2015.)

• Jean Baudrillard,”Simulacra and Simulations”; Selected Writings, ed. Mark Poster (Stanford; Stanford University Press, 1988), pp.166-184.

• Rodgers and Thorson, (2012) Advertising Theory, Routledge, NY

• Zakarin, (2013), Meet the World’s most Intense Disney Fans, available at [http://www.buzzfeed.com/jordanzakarin/disneys-fans-d23#.bpG72LqeD]

Page 21: CB; MEC and Product Involvment .ppt

Thank you!

20.01.2015.