Wednesday, December 18, 2019

Consumer Behaviour Holiday Decision Making Process

Discuss and critically evaluate the traditional ‘rational problem solving, cognitive model’ of consumer decision making process, in light of the arguments given in the case study: ‘Holiday decision-making: an adaptable and opportunistic ongoing process.’ Every day, each one of us makes various decisions regarding different aspects of our daily routine. To be able to make these decisions, we need to be able to have alternatives. These decisions, however, are made after doing some degree of information search but not all consumer decision-making situations receive or require the same degree of information search. Some purchase decisions require extensive effort, where the consumers need a lot of information to set a criteria and judge†¦show more content†¦(Schiffman. L, Kanuk.L and Hansen. H, 2008, pp.72) Although this economic model forces the consumer to make a decision in a logical manner, it has been criticized as it is regarded as too simplistic and idealistic. In reality, consumers rarely have all the required information or even an adequate degree of involvement to make a perfect decision. Consumers are also limited by their existing skills, habits, reflexes, values and goals. . (Schiffman. L, Kanuk.L and Hansen. H, 2008, pp.72) In addition, not all alternatives lend themselves to quantification in terms that will allow for easy evaluation and because this model cannot predict the future, it is unlikely that decision makers will know all possible outcomes of each alternative. (Griffin. R and Moorhead.G, 2008, pp. 212) Hence, according to Alan Decrop, holiday decision making proved to be an ongoing process which was not characterized by fixed sequential stages. (Solomon. M, Bamossy.G, Askegaard.S and Hogg.M, 2006, pp.392) COGNITIVE MODEL Consumer buying behaviour is affected by a complex web of internal psychological variables. These include: attitude, learning, memory, motivation, perception and personality. According to Rajecki (1990), an attitude is a ‘predisposition to respond cognitively, emotionally, or behaviourally to a particular object in a particular way’. Attitudes guide how buyers react, consumerShow MoreRelatedConsumer Behaviour - Holiday Decision Making Process3233 Words   |  13 PagesCONSUMER BEHAVIOUR: HOLIDAY DECISION MAKING PROCESS SUMMARY: Decisions are omnipresent in the daily lives of human beings. Being tireless decision makers, it stands to reason then that we understand the forces that drive decision making. The following report seeks to critically evaluate the long-held traditional ‘rational problem- solving and cognitive model’ of the consumer decision making process against the background of the holiday decision making patterns of the modern consumer. 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