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, Introduction
to
Consumer
Behavior
Peter,
J.
P.,
&
Olson,
J.
C.
(2001).
Consumer
Behavior
and
Marketing
Strategy.
Boston,
Ma:
McGraw-‐Hill.
Chapter
1:
Introduction
to
Consumer
Behavior
and
Marketing
Strategy,
4-‐14.
How
can
consumer
behaviour
research
help
Internet
marketers
increase
their
chances
of
success?
Marketers
have
long
argued
that
the
marketing
concept
is
the
appropriate
philosophy
for
conducting
business.
Simply
stated,
the
marketing
concept
suggests
an
organization
should
satisfy
consumer
needs
and
wants
to
make
profits.
• Companies
are
making
changes
to
serve
consumers
better
for
three
major
reasons:
o First,
the
dramatic
success
of
Japanese
companies,
such
as
Toyota
and
Sony,
that
focus
on
providing
consumers
with
value-‐laden
products
has
spurred
other
companies
to
follow
suit.
o The
second
major
reason
for
the
shift
to
focusing
on
consumers
is
the
dramatic
increase
in
the
quality
of
consumer
and
marketing
research.
! Thus,
companies
are
now
better
able
to
actually
implement
the
marketing
concept.
o A
third
reason
for
the
increased
emphasis
on
consumers
is
the
development
of
the
Internet
as
a
marketing
tool.
• Savvy
marketers
have
also
recognized
that
the
Internet
can
be
used
to
conduct
marketing
research
studies
and
collect
other
useful
information
about
consumers
that
can
be
used
to
develop
effective
marketing
strategies.
What
is
consumer
behaviour
Consumer
behaviour:
the
dynamic
interaction
of
affect
and
cognition,
behaviour,
and
the
environment
by
which
human
beings
conduct
the
exchange
aspects
of
their
lives.
In
other
words,
consumer
behaviour
involves
the
thoughts
and
feelings
people
experience
and
the
actions
they
perform
in
consumption
processes.
• These
include
comments
from
other
consumers,
advertisements,
price
information,
packaging,
product
appearance,
and
many
others.
Consumer
behaviour
is
dynamic
Consumer
behaviour
is
dynamic
because
the
thinking,
feeling,
and
actions
of
individual
consumers,
target
consumer
groups,
and
society
at
large
are
constantly
changing.
• Because
product
life
cycles
are
shorter
than
ever
before,
many
companies
have
to
innovate
constantly
to
create
superior
value
for
customers
and
stay
profitable.
Consumer
behaviour
involves
interactions
Consumer
behaviour
involves
interactions
among
people’s
thinking,
feelings,
and
actions,
and
the
environment.
Thus
marketers
need
to
understand
what
products
and
brands
mean
to
consumers,
what
consumers
must
do
to
purchase
and
use
them,
and
what
influences
shopping,
purchase,
and
consumption.
Consumer
behaviour
involves
exchanges
Consumer
behaviour
involves
exchanges
between
human
beings.
In
other
words,
people
give
up
something
of
value
to
others
and
receive
something
in
return.
Approaches
to
consumer
behaviour
research
As
shown
in
the
following
figure,
there
are
three
major
approaches
to
studying
consumer
behaviour.