| Literature DB >> 32836799 |
Maayan S Malter1, Morris B Holbrook1, Barbara E Kahn2, Jeffrey R Parker3, Donald R Lehmann1.
Abstract
In this article, we document the evolution of research trends (concepts, methods, and aims) within the field of consumer behavior, from the time of its early development to the present day, as a multidisciplinary area of research within marketing. We describe current changes in retailing and real-world consumption and offer suggestions on how to use observations of consumption phenomena to generate new and interesting consumer behavior research questions. Consumption continues to change with technological advancements and shifts in consumers' values and goals. We cannot know the exact shape of things to come, but we polled a sample of leading scholars and summarize their predictions on where the field may be headed in the next twenty years. © Springer Science+Business Media, LLC, part of Springer Nature 2020.Entities:
Keywords: Consumer behavior; Consumer culture theory; Information processing; Judgement and decision-making
Year: 2020 PMID: 32836799 PMCID: PMC7293428 DOI: 10.1007/s11002-020-09526-8
Source DB: PubMed Journal: Mark Lett ISSN: 0923-0645
Extended ICABS Framework after 1980
| ICABS | Explanation |
|---|---|
| Product categories hitherto neglected by marketing scholars, such as the arts, entertainment, and other cultural offerings. | |
| Various dreams, daydreams, and subconscious thoughts lumped under the headings of “fantasies.” | |
| A broader range of emotions such as joy, sorrow, love, hate, fear, anger, attraction, and disgust encompassed under the heading of feelings. | |
| Forms of consumption that go well beyond purchase commitments, including the expenditure of time as well as money on leisure products, games, playful activities, entertainment, and so forth, under the heading of “fun.” | |
| Consumer value broadly defined and represented by multiple interacted preference experiences (e.g., efficiency, excellence, status, esteem, play, esthetics, ethics, spirituality) |
ICABS framework in the digital age
| ICABS | Explanation |
|---|---|
| Consumers get their get information from different source-social media, peer to peer reviews, and websites for every product and have access to far more information (admittedly of greatly varying degrees of veracity) than before. | |
| How does technology impact consumer cognition. For instance, attention is divided more than ever across our myriad devices and multi-tasking is the norm for most people. | |
| Increasing effective polarity and stark mood swings arising from the combination of (1) never-ending streams of media and news exposing consumers to very positive and negative ideas and events and (2) the increased prevalence of confirmation biases arising from “fake” sources/news. | |
| The consequences for moral/ethical actions and perceptions of outsourcing decisions and responsibilities to technology, the replacement of intimate interpersonal relation sips of relationships with one’s phone, online game person/ avatar, and the like. | |
| The dramatic shift in satisfaction from a personal to a shared experience, industries, and firms (e.g., Yelp) built solely on markets of consumer satisfaction ratings. |
Future consumer behavior research questions
| Future research questions | Explanation |
|---|---|
| 1. How does the new generation of consumers differ from past generations? | Consumers are digitally native; many enact purchase behavior through their mobile phones first. |
| 2. Where do consumers go for information and how do they weight information from different sources? | Consumers rely more on social media for their information; so, brands must learn how to promote through those channels, which include bloggers and influencers. Given the digitally connected world, peer-to-peer evaluations and reviews are increasingly influential in preference formation, perceptions, and choice. |
| 3. What values drive consumer decisions? | Consumers have increasing concern about sustainability, healthy lifestyles, and fair labor practices—in sum, social responsibility—factors that have a growing influence on their purchase decisions. This means that although consumers remain brand loyal, they are now loyal to different brands from those favored by previous generations. |
| 4. What do consumers expect from retailers? | Consumers think about retailers as an omni-channel entity. They expect seamless integration of information and marketing across all channels—brick-and-mortar, online, and mobile. |
| 5. How have computational advances changed the retailer-consumer relationship? | Omni-channel retailing creates “Big Data,” which more sophisticated retailers can and do use to personalize and customize the shopping experience. By using machine learning and artificial intelligence (AI), marketers can predict consumers’ attitudes and, in turn, recommend products based on individual preferences. Savvy marketers can mix a consumer’s past behavior with information from other consumers and expert advice in making recommendations. Recommendation systems have greatly changed the shopping journey in that consumers are offered “ideal” options without having to search. This technological advancement also allows consumer researchers to study the customer experiences during the whole customer journey, and not just on product transactions. |
| 6. What implications do these changes have for personal data privacy and security? | Discourse over answering this question is and will remain a critical central debate between policy-makers, firms, and individuals in the years to come. |
| 7. How will major global shifts change how and what we consume? | The COVID-19 pandemic is still unfolding, but we already see that it will have a major impact on every aspect of life. We are just beginning to see how it is affecting consumption during the crisis and can only take wild guesses as to what its long-term influence will be. Now that the world is so interconnected, this and other global events can have impacts that drive change in consumer behavior. |