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LECTURE 5:
“Do the products you purchase define who you are, or do you define the products?”
Critical theory that you can argue the case not right or wrong…
- You want to adapt to the characteristics of that brand, of that segment, to the
people who wears it. Consume socially, social consumption and the fact that
we fit in.
Why we consume:
Utilitarian benefit: functionality and important reasons.
Symbolic consumption: whatever it encounters that brand meaning is adopted by the
consumer. A lot of brands we buy are due to this, trendy, cool…
Social consumption: we display what we have to others in order to share identity with
others.
Products can define us defining the brand attributes and attaching it to your
personality, but we can define the product to by showing and demonstrating that we
wear it, you become the signature, obvious face.
Down to earth:
Honesty:
Wholesomeness:
Cheerfulness:
Daring:
Spiritedness: Thrills
Imagination:
Contemporary:
MKTG203 LECTURE 5
Reliability:
Intelligence:
Success: Nike
Class: Mercedes-Benz
Charm:
Masculinity:
Toughness:
WHAT IS PERSONALITY?
Is the unique dynamic organisation of characteristics of a particular person, physical
and psychological, which influence behaviour and responses to the social and
physical environment. Of these characteristics, some will be entirely unique to the
specific person and some will be shared with others.
On the market we look to the key characteristics of the brand that sets it apart and
makes it competitive. Personality is not a random accumulation of bits. There is a
structure and there is a rational of who you are, what you are. There is a process
behind personality cause overtime personality is stable, but it can gradually change.
It’s a psychological concept of how we see ourselves, how we see everything around
us and how we choose to act and socialise. Personality shapes how we react.
Theories of Personality: 3
streems of theories have contributed to our understanding of personality and its
application in marketing:
1. Trait Theory: characteristics you were burn with, genetically oriented from
birth.
2. Freudian Theory: argues that we are founded by urgens.
3. Neo-Freudian Theory: the fact that we are social being we interact with others
and there are characteristics of socialisation (individualistic, compete).
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Trait Theory:
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Openness to experience:
how inventive, and how
curious you are as an
individual (inventive/curious
vs. consistent/cautious).
Appreciation for art, emotion,
adventure, unusual ideas,
curiosity, and variety of
experience. It reflects the
degree of intellectual curiosity,
creativity and a preference for
novelty and variety.
Researchers have developed an inventory to identify NFU. Here are some sample
items form this scale:
- ‘When products or brands become extremely popular, I lose interest in them’.
- ‘I avoid brands that are purchased by the average consumer’.
- ‘I like to create a style that is all my own’.
Frugality:
- The extent to which consumers exhibit restraint when purchasing and using
resources.
- Consumers high on this trait deny short-term purchasing whims.
- Focus on resourcefully using what they already own.
- These consumers tend to engage well in behaviours such as: timing their
showers and brining leftovers from home to have for lunch at work.
Consumer self-concept:
Self-image:
configuration about
the beliefs about
yourself. Who you
are, what you
represent and what
you are trying to
be?
Actual self-image:
feeling of belief that
we are protected
about, what we are
now. how you would describe yourself now.
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Social self-image: what you display in different social concepts. who you are and
what tend to display in different social concepts?
Ideal self-image: what you want, aspire to be. You many never achieve it, you may
always be working towards it.