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Consumer Behaviour




                    Notes

                                     Notes  Laddering (Means-End Chain Model)

                                     Laddering is a relatively new research method used for data collection. It is used during
                                     in-depth interview to understand the deeper basis of consumer decisions by attending to
                                     the various consequences of choice for data collection. The assumption here is that very
                                     specific product attributes are linked at levels of increasing abstraction to terminal values.
                                     The consumer concerned has highly  valued end states and chooses among alternative
                                     means to attain these goals, and therefore products are valued as the means to an end.
                                     Laddering uses in-depth probing directed towards uncovering higher-level meanings at
                                     attribute (benefit) level and the value level. According to Thomas J. Reynolds and Jonathan
                                     Gutman, it facilitates uncovering linkages between product attributes, personal outcomes,
                                     and values that assist to structure components of the cognitive network in a consumer's
                                     mind.
                                     To illustrate how laddering works, we may consider a consumer who intends to purchase
                                     a diamond ring for his would be wife. Tangible attributes of diamond such as size and
                                     brilliance are projected into abstract and emotional values of love and self-esteem. Diamond
                                     sellers keep the prices of  diamonds artificially high through  associating the size of the
                                     diamond and price to the size of your love and self-worth. The belief that consumption of
                                     products is instrumental in attaining more abstract values is central to the application of
                                     this method.






                                      Task  Take any picture of your choice and ask your colleagues to guess what is happening
                                     in the picture. Observe their answers. Are their guesses similar or they have different
                                     viewpoints? Their answer will tell you about their needs, attitudes, feelings, fantasies etc.

                                   Quantitative Research

                                   Quantitative research design includes method of data collection, the data collection instruments
                                   and the sample design.

                                   Data Collection Methods

                                   There are three basic approaches to collect data in quantitative study:
                                   1.  Observation
                                   2.  Experimentation and
                                   3.  Survey
                                   1.  Observation: One important approach to gain an in-depth understanding of consumers is
                                       to observe  their behaviour in the  process of buying and using products.  By watching
                                       consumers, researchers gain a better understanding  of what a product symbolises to a
                                       consumer because in most cases consumers do not realise that they are being observed
                                       and  their  behaviour  remains  natural.  Observational  research  provides  valuable
                                       information, which is used in product advertising. It is also widely used by experientialists
                                       to understand the buying and consumption process.




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