Tuesday, February 19, 2013

Insurance

Bibliography
Our acknowledgement and gratitude to the following authors Strategic brand management by Kapferer marketing Management by Philip Kotler No money market by Jessie Paul Service Quality by Parasuraman work marketing by Valarie A Zeithaml et al Technologys Impact on the Gaps Model of Service Quality by Mary Jo Bitner, Valarie A Zeithaml, Dwayne D. Gremler

1

Understanding the consumer

Factors influencing consumer behavior
(Source: Lawsons model)

Psychological
Motivation, perceptual experience, Learning, Beliefs, attitude

Personal

Age, Occupation, Economic situation, Lifestyle, Personality

Social
refer groups, Family, Roles & Status

Cultural
Culture, Sub-Culture, Social Class

3

Stimuli for consumer behavior
(Source: Howard and Sheth)

Stimuli received by the customer
Significative: Physical or real features of the product Symbolic: Metaphors / Images attached by the provider (Ads) Social: Images attached by the society

4

Maslows hierarchy of needs
self-importance Actualization Esteem Love / Belonging Safety

Physiological

5

Consumer decision devising process
INPUT
External Influences
Firms Marketing Efforts 1. Product 2. equipment casualty 3. Promotion 4. Place

PROCESS
Consumer Decision Making
Psychological Field 1. Motivation 2. Perception 3.

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Learning 4. Personality 5. Attitudes

OUTPUT Post-Decision Behavior
Purchase 1. Trial 2. bear purchase

Need Recognition

Pre-purchase Search Socio-cultural Environment

Evaluation of Alternatives

Experience

Post Purchase Evaluation

6

Branding

Brand
Name, term, design, symbol, or any other feature that identifies one sellers good or service as distinct from those of other sellers
American Marketing Dictionary

8

Quotes
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