Consumer Insight, Market Research

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1
Consuming as Integration
Becomes part of consumer's self-identify
2
Consuming as Classification
Consumption objects used to classify a consumer in relation to others
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Consuming as Play
Involves directly engaging with consumption objects and using them to interact with other consumers
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Consumer Decision Making Process
Need recognition, Information search, Alternative evaluation, Purchase, Post purchase
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Need Recognition
Consumers recognise they have an unsatisfied need and they would like to go from their actual, needy state to a different desired state
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Functional Needs
Pertain to the performance of a product or service
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Psychological Needs
Pertain to the personal gratification consumers associate with a product or service
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Internal Locus of Control
Some control over the outcomes of their actions, in which case they generally engage in more searc activities
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External Locus of Control
Consumers believe that fate or other external factors control other outcomes
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Types of Risk
Performance, Financial, Social, Physiological, Psychological
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Retrieval Set
Brands or stores that can be readily brought forth from memory
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Evoked Set
The alternative brands or stores that the consumer states he or she would consider when making a purchase decision
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Postpurchase Cognitive Dissonance
An internal conflict that arises from an inconsistency between two beliefs, or between beliefs and behaviours
14
Situational Factors
Purchase Situation , Shopping Situation, Temporal State
15
Market Research (ESOMAR, 2009)
The systematic gathering and interpretation of information about individuals or organisations using the statistical and analytical techniques of the applied social sciences to gain insight or support decision making which includes social and opinion research
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Five Personality Traits (OCEAN)
Openness, Conscientiousness, Extroversion, Agreeableness, Neuroticism
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Marketing Strategy
An intergrated pattern of decisions specifying choices of markets to serve, market segments to target, marketing activities and the allocation of resources tp create, communicate and deliver a product that offers value to customers in exchanges weith the organisation and thereby results in organisational gol achievement
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Corporate Strategy
Concerned with the organisation's scope and direction, taking a portfolio approach to creating and earning value
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Corporate Strategic Planning
Defines the corporate mission, identifies growth opportunities and assigns resources
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Mission Statement
A clear and consice expression of the organisations's reason for being
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SWOT Analysis
Strengths, Weaknesses, Opportunities, Threats
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PESTLE Analysis
Political, Economic, Social, Technological, Legal, Ecological
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Influences of Buyer Behaviour
Individual Characteristics, Sociocultural Factors, Environmental Factors
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Interactions People have with Brands
Touchpoints
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Ansoff's Matrix
Market Penetration, Product Development, Market Development, Diversification
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Survey Report
Includes research technique
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Organisation's Marketing System Guides...
Segmentation, Positioning, Marketing Mix Operational Decisions
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Secondary Research
Information sources created for some other purpose
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Market Research
Social and Opinion Research
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Neuromarketing Research Techniques
Functional Magnetic Resonance Imaging, Steady State Topography, Electroencephalography
31
Descriptive Research
Complements or replaces qualitative research
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