Monday, 22 February 2016

THEORY AS PRACTICE - BUSINESS LECTURE

Buyer Behaviour


Buyer Behaviour Process
  1. Need Recognition - Felling the need to buy something. 
  2. Search - Searching for the product.
  3. Pre Purchase Evaluation - Assessing the product and what is does against why you need it.
  4. Purchase - The exchange of money.
  5. Consumption - Using your product e.g eating a chocolate bar.
  6. Post Purchase Evaluation - Did you enjoy it? Would you buy it again?
Maslow's History of Needs

Case Study: Stranded In The Desert.

Physiological - Food, Water
Safety - Shelter, Defence
Belongingness - Relationships, Family
Esteem & Status - Power, Respect, Worth
Self Actualisation - Personal Values 

If something happens/changes in this system then humans will drop to the lowest stable system. For example if your town is hit by a natural disaster that wipes out food and water, you would resort to the physiological system.

Advertisement (Thinking Outside The Box)

In the second part of this lecture we were shown a series of advertisement billboards which went beyond your average billboard. The aim of this was to get us to think outside the box as creative thinkers.