Professional Documents
Culture Documents
and learning are the basic psychological processes which affect his response to the
buying situation and marketing stimuli provided by potential vendors.
Cultural, organizational, and social factors are important influences on the individual
and are reflected in his previous experiences, awareness of, attitudes and
preference toward particular vendors and products and his particular buying
decision models.
Webster Jr., F, & Wind, Y 1972, 'A General Model for Understanding Organizational
Buying Behavior', Journal Of Marketing, 36, 2, pp. 12-19
the results of this study showed that low self-esteem, fantasy, and envy are
individual characteristics that drive impulsive and compulsive buying.
Shoham, A, Gavish, Y, & Segev, S 2015, 'A Cross-Cultural Analysis of Impulsive and
Compulsive Buying Behaviors among Israeli and U.S. Consumers: The Influence of
Personal Traits and Cultural Values', Journal Of International Consumer Marketing,
27, 3, pp. 187-206
Recent brain-imaging studies show that when people believe theyre drinking
expensive wine, their reward circuitry is more active than when they think theyre
drinking cheap wine even when the wines are identical. Similarly, when people
believe theyre taking cheap painkillers, they experience less relief than when they
take the same but higher-priced pills.
Ariely, D, & Norton, M 2009, 'How Concepts Affect Consumption', Harvard Business
Review, 87, 6, pp. 14-16
THE CHALLENGE
Many servicesincluding cancer care, airline travel, car and computer repair, and
home buying, selling, and renovationcan trigger strong feelings. But the
companies that provide them often fall short in anticipating and mitigating their
customers anxieties and fears.
THE SOLUTION
Identify emotional triggers during the customers experience. Develop tactics for
responding quickly when intense emotions arise. Enhance customers control over
the service. Hire and rigorously train people who can respectfully communicate with
customers and strengthen their confidence.
THE PAYOFF
Ready, D, & Truelove, E 2011, 'The Power of Collective Ambition', Harvard Business
Review, 89, 12, pp. 94-102
New research shows that rather than systematically narrowing their choices,
consumers add and subtract brands from a group under consideration during an
extended evaluation phase. After purchase, they often enter into an open-ended
relationship with the brand, sharing their experience with it online.
Edelman, DC 2010, 'Branding in The Digital Age', Harvard Business Review, 88, 12,
pp. 62-69
Bonoma, TV 2006, 'MAJOR SALES. WHO REALLY DOES THE BUYING?', Harvard
Business Review, 84, 7/8, pp. 172-181