Professional Documents
Culture Documents
1
Picture of a bubble tea store front
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Our topic
Select and prove the
factor that is most
critical in the buyer
characteristics.
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Agenda
Our interpretation of the 4 factors in buyer
characteristics
Herd instinct?
Our scenario
The 4 factors in buyer characteristics
Cultural factor
Social factor
Personal factor
Psychological factor
What we think…
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Our interpretation of the 4 factors in
buyer characteristics
Changes
Personal
5
Shapes
Herd instinct?
Remember lecture 1? Or did you missed the
lecture?
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Herd instinct?
Important for marketers
yield higher profits for businesses
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Our scenario
Bubble Tea Craze
Introduced to Singapore during the early 90s
8
Our scenario
Expensive
People still queue to purchase the drink
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What say you?
When you buy bubble tea, what pushes
you to make the purchase?
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Cultural factor
Personal
11
Cultural factor
Culture
Kiasu culture
Everyone has it, so I should try too
No restrictions to races or religions
不 输
输人
h)
u se
ai sh
型 (In Hokk
ien : shu
lang m
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Cultural factor
Subculture
Basic personalization drink to suit own preferences
Convenient
Influx of Taiwan media featuring Taiwan lifestyle
Social class
No restriction to individual social status and class
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Social factor
Personal
14
Social factor
Groups
Peer pressure
Existence of opinion leader among the group
Family
Children influences
Growing affluence
15
Personal factor
Personal
16
Personal factor
Age and life-cycle stage
Most buyers were students, young
professionals and tourists
Anyone can purchase regardless their age and
status
Occupation
N.A.
17
Personal factor
Economic situation
Strong economy growth after the 1997
recession
Prices of the bubble tea are still lower than
other beverages.
Growing affluence of the society
18
Personal factor
Lifestyle
Warm and humid environment
Sweet drinks are preferred by the young
19
Psychological factor
Personal
20
Psychological factor
Motivation
According to Maslow’s hierarchy of needs
most basic physiological needs >> thirst
socials need >> satisfy the sense of belonging
21
Psychological factor
Perception
Opening of more bubble tea outlets of different brands >>
created an environment >> individual interprets the
information >> form a perception
Similar to the local drink, 奶茶 >> easy for new drinkers to
adapt
Food and beverage store + Long queue = good taste
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Psychological factor
Learning
Good feedbacks >> stimuli >> buyer re-affirm the
motivation to buy bubble tea
News reports and other publications >> curious by nature
>> thus will purchase to try and give their own judgment
Association with the people around
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What we think…
Cultural Social Personal Psychological
Culture will spark the Individuals have trigger
initial interest and points for certain traits.
shape the guidelines to Example, long queue
the consumer’s choice means popular or good
Opinion Leaders Humans are inquisitive,
influence consumer’s positive feedback from
opinion of a product different channels will
prompt individuals to try
the product.
Based on earning, The information
interest and lifestyle, gathered will shape the
the consumer will individual’s perception of
decide if the product fit the product
into his daily habits
The consumer will
satisfy his immediate
needs first
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What we think…
Psychology factor will affect the final consumer decision
Personal
self-concept
26
Thank you
27
References
http://
www.asiacase.com/case/studResource/cool_report.htm
(accessed 05 March 09)
http://newpaper.asia1.com.sg/printfriendly/0,4139,11247
6,00.html (accessed 05 March 09)
http://www.marxists.org/archive/bax/1918/01/instinct.htm
(accessed 07 March 09)
http://www.brandrepublic.com/InDepth/Features/635501/
Tap-herd-instinct/ (accessed 07 March 09)
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