Friday, 30 April 2010

Gender difference in reaction to advertising and direct marketing

Both genders react totally different when viewing a advertisment. The reason for this is because males see some thing they like and they want it, tey do not think about anything but that something for example a car. When a male see's a car advertismnt he likes he will want to purchase it after the following checks,



engine size (big)

top speed


add on's






A woman watching the same advertisiment will want to know additional information such as,







range of colours (the more the better)

price

insurance quote

miles to the gallon

is it environment healthy?






As you can see women perfer to get all the information at one time as in the long term it will save time, Males see the car, want to buy it and then come back to the other side to the deal later on.
The difference in the information required by both sexs is due to the things that attract both genders.



Previous research suggests that males and females process advertising information differently. However, researchers have yet to explore whether biological sex influences the confidence that receivers have in their ad responses. In addition, prior research has failed to determine the relative influence of biological sex and gender identity on confidence. Results from an experiment featuring a fictitious soft drink brand suggest that males exhibit greater confidence in their attitudes toward the non-claim component of an ad.
(Association for customer research, 2004)



Customer Relationship Management

Customer Relationship Management (CRM) is an information industry term for methodologies, software, and usually Internet capabilities that help an enterprise manage customer relationships in an organized and efficient manner.

(mariosalexandrou.com, 2006)


CRM is the management team that control and evaluate the customer relation they have built. For any large or small business it is very important that they have a team of customer relationship managers. The customers always want to be informed of new deals and more. Therefore the stronger the relationship you have with your customer, the better it is for your business.


Customer relaitions within a business,
  • recieving information about the customer
  • promoting business further
  • attracting new customers
  • keeping previous customers

As you can see customer relationship management plays a big role in the business as the main customer database can be viewed in this depertment of the business.

CRM focuses on the relationship
Successful organizations use three steps to build customer relationships:

  1. determine mutually satisfying goals between organization and customers
  2. establish and maintain customer rapport
  3. produce positive feelings in the organization and the customers

CRM conditions
The organization and the customers both have sets of conditions to consider when building the relationship, such as wants and needs of both parties;

  1. organizations need to make a profit to survive and grow
  2. customers want good service, a quality product and an acceptable price

(bussinessballs, 2002)

Social class

Group of people within a society who possess the same socioeconomic status.
(answers.com, 2010)

Social class is more of a group. The social class you are in will determine the sort of person you are. Today's social class is established by the occupation you have, the car you drive e.c.t. As time has changed so has the social class types for example in the 1990's life was more chilled out were as in 2010 everyone is doing something. The life style has changed and with that comes new social groups. This is very good for each individual as it shows that we are moving foward in our lives.
For businessese the change of socail class can eaither be good or bad. Some businesses will cope with the change and some will not have the right businesses plans in place to deal with it. The better your social class are seen as, the better you are seen as. This is due to the image your present when in your social group. The social class can be determined by the culture you are in foe example, your culture may be one of a wealthy background therefore the people you are associated with will also have a simular background. this is due to the lifestyle you have.
Culture.
Each individual person is brought up in a different culture. There are many similar cultures but it’s the roles that you play in those cultures that make each person different and unique.
“The values, attitudes, beliefs, ideas, artefacts, and other meaningful symbols represented in the pattern of life adopted by people that help them interpret, evaluate and communicate as members of society”.
(Brassington and Pettitt, 2007)

THE INDIVIDUAL.
· Family roles
· Social role
· Gender roles
· Work role
· Language
· Values
· Beliefs
INSTITUIONS.
· Political
· Legal
· Religious
· Educational
SOCIETAL ENVIROMENT
· The media
· Marketing and advertising
· The arts
· Fashion
· Technology
· Employment types/patterns

(Brassington and Pettitt, 2007)
There are all sorts of cultures such as family culture, popular culture, media culture and more. It’s the culture that you represent that determines the sort of person you are. Some cultures such as Indian culture a wedding ceremony will take three days and in Christianity a wedding ceremony is one day long. This is due to the backgrounds and traditions of each culture.

Thursday, 29 April 2010

Social Class

The social class you are involved in has a huge affect on the way you are viewed by others and how you go about doing your everyday activities.

'Status hierarchy in which individuals and groups are classified on the basis of esteem and prestige acquired mainly through economic success and accumulation of wealth. Four common social classes (in their descending order) are',

(1) Upper class
(2) Middle class
(3) Working class
(4) Lower class
(Business dictionary, 2010)

These four stages are very different to each other. Upper class is the wealthy and financially stable, middle class people are those who have enough money to be financially stable however they are not considered 'rich'. The working class people are those who work for a living and there money goes towards Necessities rather than luxuries. These can be anything from a morgage to car payments. Finally the lower class people are those who do not have a lot of money and are struggling to get an income.




Upper class car, price ranging
£200,000





Middle class car, price ranging
£30,000 stoke version
£55,000 up loaded version






Working class car, price ranging
£9,000 - £13,000





Lower class car, price ranging
£50 - 150








Generational Marketing

As the generation changes so does the promoting techniques for example, Tweens will love products such as a YOYO but a year after it will not be so cool. This is soley because of the generation change, although it is only a year on, as the tweens grow up so do there needs of certain products.

Generational Marketing consists of the following,

a. Tweens
b. Pester power
c. Generation Y
d. Generation X
e. Baby boomers
f. Over 50s

All six areas play a big role in the target market of a business for example, there are certain businessess that only cater to certain age groups such as over 50's. This age groups needs will be totally different to that of a tween. Tweens are considered the real next generation. A company will target tweens in a way that when they grow up the tween will be a loyal customer to that particular business. This is a great way for a business to have future customers. It will be easier for a busieness to build up a customer profile and keep that customer for a long time rather than attract new customers every year. Although every business plans to attract new customers it is also vital to keep previous customers.



Baby Boomers.

"Baby Boomers is the name given to people who were born in a "baby boom" following World War II. The Boomers were born between 1944 and 1964. The oldest wave of the Baby Boomers is currently considering retirement options and looking at ways to make their elder years meaningful"
(about.com, 2010)



This age group is very unique in its own way as the people within the age group are looking for that one thing that will keep them occupied. For some it may be a holiday home and for others it may be activities to do with there grandchildren. It is up to a business to provide the 'Baby Boomers' with a product or service they can not refuse.



















Generation X

'The generation of people born between 1963 and 1981 who entered the workplace from the 1980s onward, bringing new attitudes to working life that run contrary to traditional corporate expectations'.

(BNET UK, 2010)

This is the time when new employees where being recruited and there was a different way in which people worked for example, due to the culture back then working life was a lot diferent to that in todays world. In those days people would go to work, come home and rest and then do the same thing the next day.

Generation Y

'A label attributed to people born during the 1980s and early 1990s. Members of Generation Y are often referred to as “echo boomers” because they are the children of parents born during the baby boom'.

(Business dictionary, 2010)

This is where the new generation has taken over. This generation requires a lot more attention. Along with the extra attention, this age group requires a lot more technology orientated work place.


Values

Having Values is very important in todays society. Having a good set of values can go a long way making you a better person for example people are more likely to accept a person with good values then a person with bad values. Values can be determined in many ways such as perspectives on life, body language and more.

The following diagram shows how having good values such as determination and respect can take you a long way to what you want to be,
This diagram shows how being respectfull, accessible and flexible can get you what you want. In this case a business organisation is looking to recruit someone. The person who is best suited for the job must have the three qualities, respectful, accessible and flexible.
Kahle’s List of Values (1983)
1. Self Respect
2. Excitement
3. Being Well Respected
4. Self-fulfilment
5. Sense of accomplishment
6. Warm relationship with others
7. Security
8. Fun & enjoyment
9. Sense of belonging
These set of values are great as they are somewhat guidlines for a healthy and fun life for example every person wants self respect, self fulfilment and security in there lives. That is what makes us human. We all want the best things in life, to some that may be money and to others that may be a family but both require the individual to have good values in order to achieve there goals.