Shawn Feinstein Graduate School 7-20-2013 Does Social Media Affect Consumer DecisionMaking? Patarawadee Sema Johnson & Wales University - Providence‚ PES787@wildcats.jwu.edu Follow this and additional works at: http://scholarsarchive.jwu.edu/mba_student Part of the Advertising and Promotion Management Commons‚ and the Marketing Commons Repository Citation Sema‚ Patarawadee‚ "Does Social Media Affect Consumer Decision-Making?" (2013). MBA Student Scholarship. Paper 24. http://scholarsarchive.jwu
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------------------------------------------------- The consumer decision journey. Authors: Section: Marketing Consumers are moving outside the purchasing funnel — changing the way they research and buy your products. If your marketing hasn’t changed in response‚ it should If marketing has one goal‚ it’s to reach consumers at the moments that most influence their decisions. That’s why consumerelectronics companies make sure not only that customers see their televisions in stores but also that
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MARKETING AND DISTRIBUTION NETWORK OF AMUL ICE CREAM Jugal Piyush Thakkar 13BSP1020 Objectives • Enhance sales of Ice creams & promotion of Amul. • Understand the market demand. • buyer-consumer relationship strategy followed by the company • Insight of the working trend of Amul • Analyzing Supply Chain System of Amul. • To provide any suggestions in the improvising of the current system and contribute in making the same executable Understanding Distribution • Amul has setup or hired 12 manufacturing
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1. What issues would you take into account? The stakeholders welfare‚ responsibility towards the society (in this case it can be identified as United States or as broad as the global inhabitants) which includes environmental issues‚ and also the ethics. For sure one more important issue is profitability or survivability of the firm. All of the issues mentioned earlier may be thought of as means for ensuring the long-run success of the company. 2. What major sources of uncertainty do you face
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of the Goa ice cream market. A BRIEF HISTORY OF ICE CREAM BUSINESS IN GOA HOME Ice creams have been consumed in Goa in the form of deserts as early as the late sixties. The market was then limited to the urban rich. Popular restaurants and hotels made their own ice cream recipes. House hold consumption was limited to self made ice creams at home. Yummy started its operations in Goa in the early seventies. As a manufacturer it was the first to enter the ice cream market. Dollops
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Consumer as Decision Makers Consumer decision-making Stage 1: Need recognition Stage 2: Pre-purchase search Stage 3: Evaluation of alternatives Stage 4: Purchase Stage 5: Post-purchase behavior Stage 1: Need recognition Needs Motivation Goal If goals not achieved‚ renewed motivations Motivation – the driving force to take action produced by a state of tension due to unfulfilled needs. How to identify consumer needs? Consumer research Activity analysis (process-oriented) Problem analysis
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“Ice Cream in a Baggie” Lab Report Purpose: The purpose of this experiment is to find out how the recipe of making ice cream in a baggie can be altered to make the ice cream smoother. Hypothesis: Let n=the right amount of salt for the perfect ice cream. If the amount of salt used is greater than n‚ then the ice cream will be too thin. If the amount of salt used is less than n‚ then the ice cream will be too thick. Materials: 1. ½ cup milk 2. ½ cup whipped cream 3. ¼ cup sugar
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Key Points for Carvel Ice Cream Key Points 1. Dairy products are not very popular in China. Health concerns and a large lactose intolerant population are obstacles Wang must consider. 2. Carvel has a very limited ($20‚000) advertising budget for the year. Radio and television advertising are ruled out by the low budget. 3. Several segments of the Beijing population are potentially promising to Carvel. The three most attractive segments are (1) middle and upper class Chinese professionals‚ (2)
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analysis of situational decision-making (SDM) in marketing‚ the shopping process‚ how different situations affect buyers‚ the behavioral factors and the perceptual factors. The research draws attention to the fact that shopping process is a set of stages that customers intend to go through in order to satisfy their needs and wants. It will also determine how the SDM model is useful for the marketers when promoting their brand. The major finding shows that every time a consumer purchases a product or
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“We strive to make the best possible ice cream in the best possible way‚” is the mission statement for widely known‚ Ben & Jerry’s ice cream. The founders‚ Ben Cohan and Jerry Greenfield‚ began with a five dollar class and now they are currently the fifth top selling brand and known around the world. It all started in March of 1951 in one hospital where two future entrepreneurs would emerge. Jerry Greenfield was born on March 14‚ 1951. Some may call it just a coincidence‚ while others may call
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