3 discussion marketing management | Marketing homework help

    

W3 Video “Positioning a Brand: Best Practices for Marketing Product Features with Humor”

 https://lms.grantham.edu/webapps/blackboard/execute/content/blankPage?cmd=view&content_id=_5110292_1&course_id=_61406_1   

W3 Lecture 1 “Consumer Behavior” 

One of the most important topics this week is the study of consumer behavior. The marketing concept you studied about in Chapter One emphasizes that profitable marketing begins with the discovery and understanding of consumer needs and then developing a marketing mix to satisfy these needs. Thus, an understanding of consumers and their needs and purchasing behavior is integral to successful marketing.

Unfortunately, there is no single theory of consumer behavior that can totally explain why consumers behave as they do; of course, if we did, we’d all be like robots. Instead, there are numerous theories, models, and concepts making up the field. In addition, many these notions have been borrowed from a variety of other disciplines, such as sociology, psychology, social psychology, and economics, and they must be successfully integrated to really understand consumer behavior. Like any study of human behavior, it’s not an easy job.

A MODEL OF CONSUMER BEHAVIOR

At one time, marketers could understand consumers through the daily experience of selling to them. But the growth of companies and markets has removed many marketing managers from direct contact with customers. Given this detachment, one needs a framework for analyzing the many aspects of consumer behavior.

THE BUYING PROCESS

The buying process can be viewed as a series of five stages: problem recognition, information search, alternative evaluation, purchase decision, and post purchase feeling. It should be noted at the outset that this is a general model for depicting a “logical” sequence of buying behavior. Clearly, individuals will vary from this model because of personal differences in such things as personality, self-concept, subjective perceptions of information, the product, and the purchasing situation. Still, however, the model provides a useful framework for organizing our discussion and understanding of consumer behavior.

Need Recognition

The starting point for this model of the buying process is the recognition of an unsatisfied need by the consumer. Any number of either internal or external stimuli may activate needs or wants and the recognition of them. Internal stimuli are such things as feeling hungry and wanting some food, feeling a headache coming on and wanting some Excedrin, or feeling bored and looking for a movie to go to. External stimuli are such things as seeing a McDonald’s sign and then feeling hungry, or seeing a sale sign for winter parkas and remembering that last year’s coat is worn out.

It is the task of marketing managers to find out what needs and wants a product can and does satisfy, and what unsatisfied needs and wants consumers have for which a new product could be developed. To do so, we’ve got to understand what types of needs consumers may have.

Let’s stop here in the buying process and I’ll pick up later on the rest of the important stages we all go through as we enter the marketplace to buy something. Learning the frameworks marketers use in exploring consumer behavior is vitally important if we’re ever going to understand this thing we call “the market”.

 https://lms.grantham.edu/webapps/blackboard/execute/content/blankPage?cmd=view&content_id=_5110291_1&course_id=_61406_1 

Reading for this week:

W3 Discussion

Marketing Management

Branding Strategies

How do customer relationships fit into a vision for a given product and the overall organization? How does an organization use this relationship to meet customer satisfaction through branding and advertising?

In your initial post…Provide a synopsis for your case and evaluation of your results, using a scholarly article found on EBSCOhost as your basis for your reasoning. Be sure to cite your source.

Follow up posts…After your initial post, read over the responses posted by your peers and your instructor. Select at least two different posts, and address the following in your responses: Is there a common theme in your peer’s responses?

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Australia Assessments has gained an international reputation of being the leading website in custom assignment writing services. Once you give us the instructions of your paper through the order form, we will complete the rest.

Essays

Essay Writing Services

As we work towards providing the best custom assignment services, our company provides assignment services for any type of academic essay. We will help you develop professionally written essays that are rich in content and free from plagiarism.

Admissions

Admission and Business Papers

Our skilled team of professional writers will ensure that we help you craft a remarkable admission essay for your desired Master's program in your institution of choice. We won't stop there. Once you enter the job market, we will be available to secure you a position at your desired worksite by creating an outstanding portfolio or resume.

Editing

Editing and Proofreading

Our editorial team is always available for all editing and proofreading services. They check completed papers by our writers and also provide professional opinions to papers completed by our clients.

Coursework

Technical papers

We harbor professional academic writers with different qualifications in diverse academic fields. As such, we are capable of handling both simple and technical papers. Ensure that you provide us with correct and complete instructions in the order form.