Consumers’ Product Knowledge and Involvement Copyright © 2005 by The McGraw-Hill Companies, Inc....
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Transcript of Consumers’ Product Knowledge and Involvement Copyright © 2005 by The McGraw-Hill Companies, Inc....
Consumers’ Product Knowledge and
Involvement
Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin
Chapter 4
4-3
• Consumers use different levels of product knowledge to interpret new information and make purchase choices
• How consumers form levels of knowledge
• No one level of knowledge captures all the possible meanings of an object, event, or behavior
Levels of Product Knowledge
4-4
• Four levels of product knowledge– Product class– Product form– Brand– Model/features
Levels of Product Knowledge cont.
4-7
Consumers’ Product Knowledge cont.
• Products as bundles of attributes– Attributes– Concrete attributes– Abstract attributes
• Products as bundles of benefits– Consequences
• Functional• Psychosocial
4-8
Consumers’ Product Knowledge cont.
– Benefits• Bundles of benefits• Benefit segmentation
– Perceived risks• Physical• Financial• Functional• Psychosocial
4-9
Consumers’ Product Knowledge cont.• Perceived risk influenced by
– Degree of unpleasantness of negative consequences– Likelihood that negative consequences will occur
– Products as value satisfiers• Values
– Instrumental– Terminal– Core
4-10
Means-End Chains of Product Knowledge
• Links consumers’ knowledge about product attributes with their knowledge about consequences and values
4-12
Means-End Chains of Product Knowledge cont.
• Four levels of means-end chain– Attributes– Functional consequences– Psychosocial consequences– Values
4-14
Means-End Chains of Product Knowledge cont.
• Identifying consumers’ means-end chains– One-on-one personal interviews
• Two basic steps involved
• Marketing implications
4-15
Digging for Deeper Consumer Understanding
• Focus groups
• The ZMET approach to consumer knowledge
• The ZMET interview
• Marketing implications
4-16
Involvement• Consumers’ perceptions of importance or
personal relevance for an object, event, or activity– A motivational state that energizes and directs
consumers’ cognitive and affective processes and behaviors as decisions are made
– Felt involvement
4-17
Involvement cont.• Focus of involvement
– Products and brands– Physical objects– People– Activities or behaviors
4-18
Involvement cont.• The means-end basis for involvement
– A consumers’ level of involvement or self-relevance depends on two aspects of the means-end chains that are activated
• Importance of self-relevance of the ends• Strength of connections between the product
knowledge level and the self-knowledge level
– Factors influencing involvement
4-20
Involvement cont.– Person’s level of involvement influenced by two
sources of self-relevance• Intrinsic• Situational
– What marketers need to understand• Focus of consumers’ involvement• Sources that create it
4-21
Marketing Implications• Understanding the key reasons for
purchases
• Understanding the consumer-product relationship
4-22
Marketing Implications cont.– Four market segments with different levels of
intrinsic self-relevance for a product category and brand
• Brand loyalists• Routine brand buyers• Information seekers• Brand switchers
4-23
Marketing Implications cont.– Influencing intrinsic self-relevance– Influencing situational self-relevance
4-24
Summary• Discussed the fact that consumers don’t buy
products to get attributes
• Learned that consumers think about products in terms of their desirable and undesirable consequences, benefits, and perceived risks
• Described how consumers form knowledge structures called means-end chains
4-25
Summary cont.• Learned that consumers’ feelings of
involvement are determined by intrinsic self-relevance – the means-end knowledge stored in memory
• Discussed situational factors in the environment and how they influence the content of activated means-end chains and thereby affect the involvement consumers experience when choosing which products and brands to buy