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A study on the impact of marketing mix on customer purchase decision
Mentor:- Dr. Venkata Mrudula Bhimavarapu
Name:- Tushar Kumar Narnaware
PRN:- 20220301059
Content
Abstract
Introduction
Review of the Literature
Data and Methodology
Results
Abstract:
As technology emerges, people prefer handheld devices like Smartphones for transactions.
The companies like Amazon, Flipkart, Myntra, Snap deal, Paytm have come up with mobile
applications to cater to changing trends. This research deals with the factors influencing the
customers to switch to m-commerce platforms from e-commerce websites. It also studies
how Myntra performs through MCommerce platforms in the fashion apparel industry.
Review of the literature:-
Technology has taken a significant role in our lives, whether it be
technology advancement, technology innovations, mobile phones and computers, online
communications, education without the internet, banking, mental health.
*Technology Advancement:- The advances made in the field of technology are not shared
equally by all age demographics. In my opinion, the elderly in particular could benefit more
in terms of convenience and this could be achieved by businesses transitioning to primarily
online business models.
Improved capability with consumer electronics engenders a more convenient life. This
improvement would be immediately evident when shopping online. During the recent Covid-
19 pandemic many older individuals first learned how to place orders for food and other
necessities online. Since the pandemic restrictions have eased, many now continue to use
these applications to shop for the best prices, remain at home, and be assured of the quality of
their purchases. Moreover, smartphones in particular today are essential for remaining in
contact with one’s family. Most older people value family relations above all else and would
be able to make video calls and message their children and grandchildren if they were more
tech-savvy.
Anyone with an internet connection can register for an instant messenger account today. As
long as a person has the means to get on the internet, there's no limit to what kind of instant
messenger accounts they can register for. Ranging from AOL Instant Messenger to Yahoo!
Messenger, it is possible to talk to anyone in the world with a computer. With instant
messenger services, a person can talk to as many people as humanly possible with ease, while
being on the telephone is restricting. When using instant messengers, a person can surf the
internet, shop online and even read news articles while talking to as many of their friends as
they wish. With the telephone, a person is limited to the amount of people they can talk to
unless they are willing to pay the additional fee to talk to another person at the same time.
Communication via instant messaging and e-mail is far more effective than using the
telephone or post office due to their speed of delivery and ability to simultaneously talk to
many people. Instant messenger services have become very popular over the years, and there
are currently 180 million registered users for AOL Instant Messenger alone. In some respects,
e-mail is even more widespread-- people next door to each other and people across the world
keep in touch and even conduct extensive business, simply by sending e-mails back and forth.
There are also countless numbers of discussion forums on the internet, on topics ranging from
anarchy to zoology. The internet has grown rapidly over the last two decades, and there are
now a myriad of internet services available to the general public for free.
Anyone with an internet connection can register for an instant messenger account today. As
long as a person has the means to get on the internet, there's no limit to what kind of instant
messenger accounts they can register for. Ranging from AOL Instant Messenger to Yahoo!
Messenger, it is possible to talk to anyone in the world with a computer. With instant
messenger services, a person can talk to as many people as humanly possible with ease, while
being on the telephone is restricting. When using instant messengers, a person can surf the
internet, shop online and even read news articles while talking to as many of their friends as
they wish. With the telephone, a person is limited to the amount of people they can talk to
unless they are willing to pay the additional fee to talk to another person at the same time.
E-mail replaces snail mail because it is able to do things ordinary mail can do with bonus
features faster and more efficiently. Using e-mail is also more reliable and secure than
sending mail via the post office. well as the increased popularity of having online relations on
social networking websites, online communication has become a common occurrence for
people all over the world. Due to this sudden advancement, there has been a debate regarding
the use of online social networking over face-to-face communications and relationships. Due
to people’s ability to express their true self on computer mediated conversations, along with
the formation of secure online romantic relationships and positive friendships Technology,
specifically recreational technology such as gaming, smartphones, virtual reality, and by
extension social media, has made communication at a distance easier while making private or
interpersonal communication more awkward. The development of gaming technology has
increased so rapidly that experiences within the game itself seem realistic.
*Education without the internet:- Since the Internet was created it has always had an effect on
education. After military establishments Universities were the first real contributors to the
Internet's structure. The Internet has vastly improved education. There are so many ways
that education and the Internet are connected these days. Almost every textbook has a
corresponding Internet sight including the one for this course. Some sites like these contain
valuable tools and accessories to aid in the learning process. As well as notes and multimedia
displays, they may include things like hypertext chapters. In the future, there may not even
be a need for paper textbooks. The Internet has also enabled teachers to teach a class from
thousands of miles away. With video conferencing, a professor in Guam can teach a class in
Michigan in close to real-time. Virtually all libraries are now connected over the Internet. At
Lake Superior State University you can check the catalogs of almost any library and even
check out books from nearby libraries. The Internet has made it easy for researchers to obtain
information. No longer do you have to travel to get rare documents they are now just a few
clicks away.
The corresponding Internet site for this textbook greatly improves the overall effect on the
education of students. Students have quick access to any part of the text. They also receive
visual and audio stimulation, which has been proven to increase the amount of information
the student remembers. Some students are simply not strictly audio learners. Listening to a
professor or teacher lecture sometimes just isn't enough for students. With the site they can
review material quickly and easily and see the multimedia imagery at their own pace.
Students can even take practice tests to see if they have learned the material.
Banking:- In olden days we used to carry cash and did every monetary transactions
using cash, but these days we do not have the need to carry cash in hand, you can just
make a digital payment from your E-Wallet. Similarly, through net-banking, one is
allowed to transfer money from one account to another, order for cheque books, check
the balance, make payments, create Fixed Deposits, and so on. In the olden days when
banking was completely dependent on the human accuracy and skill, mistakes and
errors were more apparent. As human capabilities have a limit, they are prone to skip
certain things or make calculation errors. With the introduction of computers, the
frequency of errors has reduced to almost nil. Also, another important perspective to
this, is that it can protect the data much more efficiently. Today’s technology provides
complete security of your transactions and the safety of your data because there are
exceedingly rare occasions on which the data is misused. Business intelligence
systems provide data for historical, current and future trends. This data aids the banks
in a way that they are able to take accurate decisions and thereby can bring an overall
increase in productivity, efficiency and profitability.
Mental Health:- Technology is truly taking a turn for the worst on mental health.
Technology is the future, it’s supposed to be the greatest thing to ever happen.
Although technology may be helping the world out, it is hurting the people who use it.
Technology is taking over lives and damaging mental health, it is the main cause of
mental health issues and it needs to be taken seriously. Technology is not beneficial
for mental health because it is causing isolation, depression, and mental illness in
children.
Technology is causing isolation because people are constantly communicating with others on
their smartphone. Although technology helps people stay in touch it is also making them
further apart in the real world.
Technology is known to help mental health because of how it can treat mental health issues.
Joanna says “Some people ignore technology’s potential as both a tool for treating mental
health issues and for improving the quality of people’s lives and promoting emotional well-
being” (Rodriguez). There are now programmes to help with phobias and depression that help
people cope with their difficulties. Although there are programs to help with mental illnesses,
there are even more ways technology is causing these mental issues in people’s lives.
Technology can be beneficial in acting like a “doctor”. People will use their phones to help
with a personal problem. It is stated that “More than half of young people have used the
Internet to find help for a personal problem. The vast majority - a whopping 94% - felt
satisfied with the information they found online” (Hazel). Technology has such a large
variety of things to help someone with personal problems. Technology is making it very
convenient to deal with mental health, it is very beneficial in acting like a “doctor”. Even
though technology can be like a “doctor” to someone helping with their problems, the
internet is not always trustworthy and can cause someone to come across the wrong page
creating even more problems.
Below we present a quick view on the most popular theories and models of technology
acceptance. As seen, some
theories are extended from other theories and models.
15. How technology like Artificial Intelligence and Advanced Algorithms are trapping the
young people into a trap?
Most of the digital content we consume is delivered to us through some
algorithm. That algorithm might be machine learning based or something simpler. Examples
of these content delivery systems include Spotify playlists, trending topics on Twitter, posts
on a subreddit, what’s displayed on the explore tab of any social media app. All of these
algorithms
try to maximize the user to consume the content. The way these work is by using
historical data of what we have consumed in the past and gives us permutations of what we
have liked or consumed prior. If you go on Instagram and you’re looking at the “explore” tab
— chances are you see a bunch of what you’ve looked at in the past. For example, if I look at
a bunch of motorcycle pictures the “explore” tab is going to show a bunch of motorcycle
pictures. But is this really an “explore”? This is more of a “similar” tab. The internet needs a
completely different experience that is contra to current recommendation algorithms or feeds
by showing us instead of trending up — what’s trending down. Instead of what’s similar to
what we’ve been looking at, what is completely different from what I looked at yesterday. All
these content delivery systems have been highly optimized to keep you engaged on websites
or applications, they’re not optimized to bring you value. These applications liken usage time
to value delivered to the user. “If you’re using the application longer than it’s providing you
more value” think of the key metrics on social media sites, they’re all based on making users
come back: Weekly Active Users, Monthly Active Users, Time spent in app, etc. They highly
optimize feedback loops to give you dopamine and what best way to continue getting you
coming back to the content delivery than showing you content very similar to the content you
have shown before. It’s quite lazy because it’s much simpler and risk adverse (making the
user leave the app/page) to show similar content than experiment and show you content you
may not connect with.
The question being raised in the research is, how adoption of newer technology is affecting
the behavior of the youngsters and what is their attitude towards the adoption of this modern
technology? To find out what was the attitude and behavior of youngsters towards the
adoption of new technology, we asked directly to the young people – that are aged between
19 to 25. We created a list of question related to technology usage and disruption, the positive
aspects of technology, the negative aspects of technology, about the new trends in
technology, about algorithms, about mental health issues etc., and circulated these questions
via WhatsApp and Instagram. These questions were circulated in a form of Google-Form, the
questions were multiple choice questions and the answer pattern was on 5-point scale, that is
(1) Strongly Agree (2) Agree (3) Neutral (4) Disagree (5) Strongly Disagree
(1) Do you think technology made our life easier?
(2) Do you think that technological advancement has brought more harm than good?
(3) Do you think that schools should use more technology to help children learn?
(4) Do you agree or disagree that computers will replace teachers one day?
(5) Do you agree that there are still many more major technological innovations to be
made?
(6) Do you agree that some people suppose that technology makes us more complicated
rather than simpler?
(7) Do you agree that fast electronic devices such as mobile phones and computers have
made our life difficult?
(8) Better life was lived when technology was not so advanced?
(9) People are becoming increasingly less sociable due to the growing usage of smart
phones.
(10) Schools should use more technology to help children learn?
(11) Do you agree With the growth of online communication people will never feel
lonely again?
(12) Do you agree that You will not be able to finish your education without the
Internet?
(13) The growing use of communication technology a positive development for
society?
(14) Some people use social media to keep in touch with Other people and news
events. Do you think advantages of this technology outweigh?
(15) Do you agree that Technology has made banking more secure and safe?
(16) Computers and smartphones have led to an increase in social isolation
(17) Technology has been a reason for the production of weapons of destruction?
(18) Young children are spending more time surfing the internet, playing games,
and ignoring their real lives.
(19) without help of technology can people still grow
(20) Do you think Online Learning is better?
(21) Does Technology affect mental health ?
(22) Do you agree technology destroy our environment?
(23) Youngsters are moving toward technology?
(24) Does technology harm human beings?
(25) Technology helps in time management and efficiency.
Results:
Discussion and Conclusion:
As technology becomes increasingly central in the lives of youngsters, it is
important to understand the pros and cons of it. Technology may prove very beneficial if used
in a controlled manner, but it can similarly hazardous if used in an uncontrolled manner.
By surveying the people that are aged between 19-25, this study established that technology
is disrupting the lives of youngsters and is causing changes in their attitudes and behavior.
Technologies like Artificial Intelligence are designed in a way that, they make people spend
more and more time with technology, and this is working very well. Young people are stuck
in their gadgets and are spending more and more time in digital world rather than in reality.
This further is disconnecting them from reality. Tech is making youngsters lazier and they are
facing mental health issues. Issues like ADHD, aggression, depression and anxiety can be
observed among youngsters. Technology has also made the lives of youngsters easier in
many ways. Technology has made access to education very easy.
Future research into attitude and behavior of youngsters on the adoption of newer
technology should focus on analysing the differences between teens and young adults, as well
as examining possible gender differences. Also, we will need to relate our findings to the
overall behavior associated with technology of young people.