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Consumer Buyer Behaviour

By Prof. Ashish Hathi   |   L.N. Welingkar Institute of Management Development & Research
Learners enrolled: 2258
By Prof. Ashish Hathi   |   L.N. Welingkar Institute of Management Development & Research

This course "Consumer Buyer Behaviour" is from Welingkar Institute of Management Development & Research Its a 4 Credit Course.

Consumer behaviour represents the behavioural context in which consumers operate while searching for, purchasing, using, evaluating and disposing of products and services that they expect will satisfy their needs. It covers both aspects namely to buy or not to buy, to use or not to use. All these happen within the context of their behavioural reference. 

Consumer behaviour study focuses to understand the way individuals decide, how individuals make decisions to spend their available scarce resources (like money, time and energy) on the chosen item for consumption.

Such insights help marketers to develop a new product, position it correctly and develop appropriate promotional strategies.
 
During consumer behaviour understanding, marketers try to find an answer to the numerous questions like why they must buy, besides how, when, from where they will buy and how often they may buy. 

This course will help participants to develop an ability to unlock the mind (the black box) which shapes his needs, motives, personality, attitude, perception and other aspects shaping his behaviour including buying behaviour. Learning will be equally relevant in today’s digital world. Post learning, participants will be better prepared to various marketing problems but also identify opportunities to grow in today’s growing competitive business.

At the end of the course, students will be able to:

Explain what consumer behaviour is, its nature and classification
Describe the importance of consumer behaviour and the forces that drive change in it.
Understand better ways to segment, needs and motivation dynamics
Decode how personality, perception and attitude shape buying behaviour
Apply research methodologies involved in data collection & analysis for both consumer research – quantitative & qualitative
Know everything about the diffusion and Adoption of New Products & Consumer Decision Making
Apply learning in their strategic marketing initiatives  

Summary
Course Status : Completed
Course Type : Core
Duration : 8 weeks
Start Date : 24 Jan 2021
End Date : 30 Apr 2021
Exam Date :
Enrollment Ends : 28 Feb 2021
Category :
  • Management Studies
Credit Points : 4
Level : Postgraduate

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Course layout

Week 1: Consumer Behavior Knowledge 
  • Introduction / Importance of Consumer Behaviour
  • "Forces that Drive the Change in Consumer Behaviour”
  • The Application of Consumer Buying Behaviour Principles to Strategic Marketing
  • The Role of Consumer Behaviour on Strategic Planning 
  • Consumer Scene in India
Week 2: Market Segmentation
  • Market Segmentation / Benefits of Segmentation
  • Limitations of Segmentation / Bases for Segmentation
  • Criteria for Effective Targeting of Market Segments / Implementing Segmentation Strategies
Week 3: Consumer Research
  • Consumer Research Process
  • Conducting Segmentation Research Study
  • Development of Motivational Research
  • Methods in Psychology (For Motivation and Other Psychological Aspects to be Probed)
Week 4: Consumer Need & Motivation
  • Constantly Evolving Needs and Goals
  • Arousal of Motives
  • Types and System of Needs
Week 5: Personality and Consumer Behaviour 
  • Personality Characteristics
  • Personality Theories
  • Personality and Consumer Behaviour
  • Brand Personality
Week 6: Consumer Psychographics and Perception
  • Understanding Psychographics / Application of Psychographic Analysis
  • Psychographic Consumer Segmentation Research: SRI VALS Program
  • Consumer Perception / Perceptual Mechanism
  • Store Image
Week 7:  The Nature of Consumer Attitudes and Change
  • What are Attitudes?
  • Components of Attitude
  • Learning Process
Week 8:  Diffusion and Adoption of New Products & Consumer Decision Making
  • The Diffusion Process
  • The Adoption Process
  • A Profile of the Consumer Innovator
  • Four Views of Consumer Decision Making
  • The Consumer Decision Making Process
  • Types of Purchase Decision Behaviours
  • Model of Buyer Behaviour
  • Post Purchase Behaviour
  • Relationship Marketing
Week 9:  Consumer Protection in India
  • Consumers Need Protection – Why?
  • Consumer Guidance Society of India (CGSI)
  • Rights of Consumers
  • Consumer Movement
  • Consumerism and Consumers’ Rights and Responsibilities
  • Business Malpractices
  • Legislative Regulations
  • Consumer Protection Councils and Consumer Education
Week 10:   Consumer Buyer Behaviour in Different Marketing Domains
  • Consumer Buyer Behaviour in Service Marketing
  • Consumer Buyer Behaviour in Business to Business Association

Books and references

  • Consumer Behaviour (Text and Cases) Edition 2, Author : Satish K Batra, S H H Kazmi
  • Consumer Behaviour - By Leon G. Schiffman / Leslie Lazar Kanuk

Instructor bio

Prof. Ashish Hathi

L.N. Welingkar Institute of Management Development & Research
Prof. Ashish Hathi is visiting faculty with Welingkar Institute of Management since 2002.  He is in the field of Marketing with over 34 years of exposure in handling various facets of the marketing function including brand & channel management, CRM, network capability and performance development, event management, advertising & direct marketing. His has 15 years of experience in B2B and 14 years in B2C domain.  
He has worked for SKF Bearings, Piaggio, Mahindra & Mahindra, Reliance Industries Geometry Global and Sewells-MSXI. He is with Wagons Learning and heads automotive business development. 

Qualification

Master’s in Marketing Management from the University of Mumbai, 
Diploma in International Marketing & Exports Mgmt., 
Diploma in Management Studies from University of Mumbai,
B.Com From the University of Mumbai.

Course certificate

EXAMINATION:

Type of exam: Computer based exam 

You will have to appear at the allotted exam centre and produce your Hall ticket and Government Photo Identification Card for verification and take the exam in person. 
You can find the final allotted exam centre details in the hall ticket. The questions will be on the computer and the answers will have to be entered on the computer; type of questions may include multiple choice questions, fill in the blanks, essay type (subjective) type, etc. 

GRADING AND CERTIFICATE:

Weightage: 25% weightage for weekly assignment + 75% weightage for final exam. 

Passing Marks: You will be eligible for Certificate only if you score minimum 40% in Weekly Assessment and minimum 40% in Final Exam. 

If you score less than 40% in either weekly assessments (average) or in final exam, you will not receive the certificate. 


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