100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Summary

Samenvatting buying behavior

Rating
-
Sold
4
Pages
174
Uploaded on
06-02-2022
Written in
2021/2022

Summary of lessons, workshops, seminars and the learning path

Institution
Module











Whoops! We can’t load your doc right now. Try again or contact support.

Written for

Institution
Study
Module

Document information

Uploaded on
February 6, 2022
Number of pages
174
Written in
2021/2022
Type
Summary

Subjects

Content preview

BUYING BEHAVIOR
INHOUD

General information ............................................................................................................................................ 2
Lectures ............................................................................................................................................................... 2
Lecture 1: an introduction to buying behavior ............................................................................................... 2
Lecture 2: the how of consumption – How do we consume information ? .................................................. 13
Lecture 3: what we attend to ........................................................................................................................ 30
Lecture 4: self-concept in buying behavior ................................................................................................... 59
Lecture 5: increasing sustainable buying behavior – recap .......................................................................... 77
Guest lectures ................................................................................................................................................... 86
Guest lecture 1: alpro – danone.................................................................................................................... 86
Guest lecture 2: influencer marketing .......................................................................................................... 87
Seminars (individual assignments) .................................................................................................................... 91
Seminar 1 : retail ........................................................................................................................................... 91
Seminar 2: nudging ..................................................................................................................................... 102
Workshops (group assignments)..................................................................................................................... 115
Qualitative research .................................................................................................................................... 115
Quantitative research ................................................................................................................................. 132
Learning path: innovation & pandemics ......................................................................................................... 147
Part 1 ........................................................................................................................................................... 147
Part 2 ........................................................................................................................................................... 154
Part 3 ........................................................................................................................................................... 156
Part 4 ........................................................................................................................................................... 161
Part 5 ........................................................................................................................................................... 162
Part 6 ........................................................................................................................................................... 167
Concept -theories ........................................................................................................................................ 170
Examples exam questions ............................................................................................................................... 172




1

,GENERAL INFORMATION




LECTURES


LECTURE 1: AN INTRODUCTION TO BUYING BEHAVIOR

BEFORE
Report on global consumer trends

➔ Top 10 gobal consumer trends 2021
1) Build back better
o A second chance to create a better future
o Protecting the health and interest of society and the planet is the new expectation
o Companies should help reshape the world in a more sustainable way
2) Craving convenience
o From always-available to pre-planned experiences
o Consumers must schedule most of their activities they once could do spontaneously, such as
store visits, social events and dining out. → the digital channel to obtain the same level of
flexibility.
o recapture an experience that feels normal and prioritise safety
o “Out-of-stock products, limited store hours and long queues were the leading barriers to
click-and-collect service usage.”
3) Oudtoor oasis
o an Outdoor Oasis for leisure and recreation; moved events outside, allowing consumers to
reconnect out of the home more safely
o brining the indoors, outside and making the urban, rural (=landelijk)
o working form home
o Consumers want to go back to basics, if the technology is available to stay in touch online and
participate in virtual experiences



2

,4) Phygital reality
o Physical and digital worlds collide
o Delivering virtually enabled at-home experiences remains imperative to drive e-commerce
sales and gather data
5) Playing with time
o Newfound flexibility switches up schedules
o Businesses should provide solutions that address the consumer desire to maximise time,
offering increased flexibility, especially with products and services that can be accessed from
or near the home
o Managing moments more autonomously
o A 24-hour service culture
6) Restless and rebellious
o People vs. Politicians
o Companies can cater to the Restless and Rebellious via more precise marketing on social
media and gaming, where they can give consumers a voice and pressure social giants to take
on misinformation.
o In recent years, anger towards the governing class has risen amidst a climate of growing
resentment and extremism.
o “revenge shopping” — shopping extravagantly after being restricted and homebound for
several months.
o social media continues to be a battleground for information and misinformation
7) Safety obsessed
o The fear of infection and increased health awareness drive demand for hygiene products and
pushes consumers towards contactless solutions to avoid exposure
o Less contact, more hygiene
o Touchless, cashless and clean
8) Shaken and stirred
o Mental wellbeing
o consumers are resorting to nostalgic comforts like childhood snacks that provide immediate
stress relief
9) Troughtful thrifters
o Thinking with a recessionary mindset
o Thoughtful Thrifters are prioritising value-added and health-conscious products and services.
o Economic uncertainty drives frugality
o Value-conscious consumers are boosting the sharing economy
o Pay later option
10) Workplaces in new spaces
o Recreating the office environment remotely
o Consumers are searching for new ways to define the beginning and end of their workdays, as
they struggle to manage their time.
o Redefining work-life balance
o New routines pave way for innovation

➔ 2021 : The coronavirus → we want to make the world better
Resilience & adaptability = the driving forced

➔ How do companies respond to the demanding, anxious and creative consumers of 2021?
o offer value-added products and services to accommodate consumers, providing
multifunctional and affordable solutions


3

, o reimagine their physical spaces to both accommodate online order fulfilment and incorporate
open-air components to bring customers back safely
o Cashless payments and click-and-collect services
o Technologies and virtual experiences
o Communicating with compassion and supporting mental wellbeing are critical attributes to
drive brand loyalty

DURING

WHAT IS CONSUMER BUYING BEHAVIOR?

BUYING BEHAVIOR DEFINED

➔ Purchasing, decision, processes, satisfy needs




THE WHAT OF CONSUMPTION

➔ Select, purchase, use or dispose → more than just buying



THE HOW OF CONSUMPTION

- Consumer buying behavior = a process

Acquiring Consuming Disposing
➔ Before buying ➔ Afterwards




4

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
sofievvlier Universiteit Gent
Follow You need to be logged in order to follow users or courses
Sold
23
Member since
5 year
Number of followers
19
Documents
8
Last sold
3 weeks ago

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these revision notes.

Didn't get what you expected? Choose another document

No problem! You can straightaway pick a different document that better suits what you're after.

Pay as you like, start learning straight away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and smashed it. It really can be that simple.”

Alisha Student

Frequently asked questions