PERCEPTION IS REALITY. Marketing 260 Buyer Behaviour with Duane Weaver Week 1 – Introduction & Chp. 1

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  • Slide 1
  • PERCEPTION IS REALITY
  • Slide 2
  • Marketing 260 Buyer Behaviour with Duane Weaver Week 1 Introduction & Chp. 1
  • Slide 3
  • Todays Outline Introductions Overview of Course Outline Overview of Course Text Overview of Cases and Teams Introduction to Buyer Behaviour
  • Slide 4
  • Introductions - Instructor Duane Weaver B.Comm., M.D.Ed., IESNA CEO 2Birds1Stone Marketing, Business & Computer Applications Instructor 20+ years management experience (marketing) Manufacturing, Wholesale and Retail experience Positions: Board of Directors, CEO, General Manager, International Sales Manager, Business Development Manager, Regional Sales Manager, Product Manager, Market Manager, Service Manager, Parts Manager, Account Manager, Marketing/Business Consultant, Instructor Enjoy sailing, soccer, cycling, golf and camping
  • Slide 5
  • Introductions - Students Your name? Something of interest about yourself? Why are you studying marketing?
  • Slide 6
  • Course Text Consumer behavior: buying, having and being, 3 rd edition. Solomon, Zaichowsky, Polegato. Chapter 9 (excerpts) pp. 314-357 (to be handed out) from Sheth, Mittal. (2004) Customer decisions and relationships, 2 nd edition, Soutwestern Publishing. Case Studies: Case 1 & 2 will be available online at: http://web.mala.bc.ca/weaverd/Mark260 http://web.mala.bc.ca/weaverd/Mark260 Case Studies 3 through 14 will be made available as class progresses (check the class website)
  • Slide 7
  • Course Outline Case based course. (Lecture/Case Presentation/Discussion) See Handout
  • Slide 8
  • Overview of Cases and Teams This course will take a case-study approach. Students will be asked to form study/case groups of 4-6 within the first week of classes. The groups are expected to work on the case assignments prior to each class. Each group will be tasked with the responsibility of preparing and presenting cases at the end of each class as determined by the instructor. (See http://web.mala.bc.ca/weaverd/Mark260 for team case presentation schedule)http://web.mala.bc.ca/weaverd/Mark260
  • Slide 9
  • GROUP CASE PRESENTATION/REPORTS Group Case presentations are due the class of the Case Analysis. They must be submitted in a report format as per the guidelines given by your instructor. (Please see http://web.mala.bc.ca/weaverd/mark260 ) http://web.mala.bc.ca/weaverd/mark260 Late case reports (without prior arrangement and for good cause) will be assessed a 10% daily penalty, up to three calendar days. Case reports handed in late beyond three days will receive a mark of 0 for that particular assignment. NOTE: ALL STUDENTS on the case team will receive the same grade. Your team members will be your team for the entire course.
  • Slide 10
  • Case Teams/Study Group Please take 10 minutes to form a study team of 4 to 6 people. Determine a name for your team One member from the team should record a list of all of the team members names (last name, first name) and submit the list along with the Team Name to the instructor by end of class today (Obtain Team Form Handout from instructor).
  • Slide 11
  • Case Sources Case Studies: Case 1 & 2 will be available online at: http://web.mala.bc.ca/weaverd/Mark260 http://web.mala.bc.ca/weaverd/Mark260 Case Studies 3 through 14 will be indicated on the site next week.
  • Slide 12
  • PERCEPTION IS REALITY
  • Slide 13
  • Introduction to Buyer Behaviour Buyer vs. Consumer Defining Buyer Behaviour Market Segmentation Building Buyer Bonds What affects Buyer Behaviour
  • Slide 14
  • Buyer vs. Consumer Course Title: Buyer Behaviour Anyone engaged in buyer behaviour including: business, government or consumers Text Title: Consumer Behaviour Has come to refer to consumer market, someone who consumes products or services versus organizational buyer behaviour.
  • Slide 15
  • What is Buyer (consumer) Behavior It is the study of the processes involved when individuals or groups select, purchase, use or dispose of products, services, ideas or experiences to satisfy needs and desires (Solomon, Zaichowsky, Polegato, p. 6)
  • Slide 16
  • Buyer Behavior Actors Role Theory decision criteria vary from role to role. Ongoing Process not just a moment of truth focus (the exchange). Buyer Behavior Focuses on the entire consumption process. Different Actors of focus: Buyer, Decision Maker, Influencer
  • Slide 17
  • Market Segmentation Identifying groups (segments) of buyers who are similar to one another in one or more ways. Examples of Segmentation: Demographic Geographic SocioEconomics (social class & income) Cultural Psychographic/Lifestyle
  • Slide 18
  • Building Bonds with Consumers Relationship Marketing lifetime link to brands and customers E.g.s? Database Marketing tracking buying habits and crafting tailored products/services and messages E.g.s? Experiential Marketing making the transaction and process meaningful, memorable, and desirable E.g.s?
  • Slide 19
  • What affects Buyer Behaviour? Consumer Behavior, 3 rd Edition, Hayer/MacInnis, p. 14
  • Slide 20
  • What affects Buyer Behaviour Consumers Culture Psychological Core Process of Making Decisions Buyer Behaviour Outcomes
  • Slide 21
  • Thank You Next Class Please read and prepare for the Case Changing Consumer Perceptions of Bud Rileys prior to next class. I urge you to discuss the case as a study group prior to the class.
  • Slide 22
  • PERCEPTION IS REALITY