Friday, May 24, 2019

Decision Making Model Essay

These different decision devising sit downs are approaches the problem of consumer decision making differently. The Engel-Kollat-Blackwell copy is essentially a conscious problem solving and acquire model of consumer behaviour. This model has a good description of active information want and evaluation processes of consumer. The information processed in this model is the stimulus. The consumers decision processes act upon this stimulus in order to determine a response to it. These models endeavor to explain each stage and show interrelated amid the stages of consumer buyer behaviour from the stimulus, through the purchase to post purchase behaviour.The Howard-Sheth model (1969) is a learning model designed to explain the brand filling of an individual faced with several choice alternatives. This model is an attempt to explain rational brand choice behaviour within the constraints of limited individual capacities and incomplete information. This model can divided roughly into four fundamental parts- (1) stimulus input variables, (2) exogenous variables, (3) attendant output variables, and (4) the internal state of buyer. However, the limitation of this model is that it has little practical value for marketing practitioners.The two major advantages of the Howard-Sheth model are following (i) It has been part tested empirically, thus establishing some credibility for the model (ii) The model is also a dynamic model Overall the Engel-Blackwell-Miniard model provides more comprehensive and ideal comparison with Howard-Sheth model. The two models are similar in as much as they both propose a rational consumer, but one who is active to satisfies where appropriate. The environmental influences of the Engel-Blackwell-Miniard model compare directly to the exogenous variables as outlined in the explanation of Howard-Sheth model.Another famous consumer behaviour model is Nicosia model (1966). Francesco Nicosia was one of the first consumer behaviour modelers to shift focus from the act of purchase itself to the more complex decision process that consumers engage in active products and services. This model is characterized as a communications model that begins with a firms communication to the consumer via advertising and culminates with consumer feedback to the firm.This model contains four major components or handle (1) the firms attributes and outputs or communications and the consumers psychological attributes, (2) the consumers search for and evaluation of the firms output and other available alternatives, (3) the consumers motivated act of purchase, and (4) the consumers storage or use of the product.Francesco Nicosia assumes that the consumer is seeking to fulfilled specific goals and that initially there is no history between the consumer and the firm, so no positive or negative predispositions toward the firm exist in the consumers mind. There are some limitations in Nicosia model which include an inadequate understanding of the influence and interrelationships among the consumer attributes represented by Subfield and the questionable assumption that no prior consumer knowledge or experience with the product exists.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.