Research Paper: Generational Issues

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Multi-Generational Marketing

and Consumer Behavior Research

Consumer behavior is one of the most critical aspects leading to the attainment of any strategic marketing plan and initiative throughout a business. By having a strong foundation of insight and intelligence into consumer behavior, businesses can grow quickly, overcome limitations and avert risks while better serving customers. All of these factors taken together can also lead to greater integration of each key function within a business to attain greater profitability and growth while better serving customers. The intent of this analysis is to evaluate four different scholarly studies, with specific focus on their study methodologies, data collection instruments, organizational or individual demographics of study participations, and an assessment of study findings. The four studies included in this analysis will also be used as the foundation of a discussion and recommendations at the conclusion of this paper.

Assessment of the study:

Multi-Generational Marketing:

Descriptions, Characteristics, Lifestyles, and Attitudes

The assigned study Multi-Generational Marketing: Descriptions, Characteristics, Lifestyles, and Attitudes (Williams, Page, Petrosky, Hernandez, 2010) is based on a methodology that uses U.S. Census Data as the foundation for comparing multiple generations of consumers. The Census Data definitions and U.S. Population Clock closely align with the definitions of six dominant American generations today. The researchers have chose to include Pre- Depression, Depression, Baby Boom, Generation X, Generation Y, and Generation Z as a part of their analysis (Williams, Page, Petrosky, Hernandez, 2010). The methodology and research collection are based entirely on secondary research, as the researchers have aligned previously published studies to each of the generations listed. This has created a rich foundation to analyze each of the generations from a demographic, socio-economic and most interestingly, a psychographic standpoint as well (Williams, Page, Petrosky, Hernandez, 2010).

The survey findings, based on this aggregation approach within the methodology, provides very valuable insights how multigenerational marketing strategies can be used for more effectively positioning products, services, and creating a foundation of trust with customers. The most powerful findings correlate back to the need for marketers to concentrate more on avoiding generational myopia, or the siloing in of specific products and services to a specific age range (Williams, Page, Petrosky, Hernandez, 2010). This is one of the most valuable insights gained from the analysis, as it is the cornerstone of positioning and marketing products that can span generations and be more oriented towards activities and lifestyles overall. This is the foundation of psychographic positioning and market analysis done exceptionally well, when a marketer can achieve relevance and customer loyalty across multiple product generations (Williams, Page, Petrosky, Hernandez, 2010). The implications of this are evident in how effectively marketers are using multigenerational marketing to sell entertainment and travel services, and how powerful this approach continues to be in the selling of high technology products and services, especially Internet services. The three other studies included in this analysis are all focused on the adoption of high technology products and services, which is an industry that has successfully used multigenerational marketing to break into new markets.

While the study Multi-Generational Marketing: Descriptions, Characteristics, Lifestyles, and Attitudes (Williams, Page, Petrosky, Hernandez, 2010) has completed a challenging task of creating demographically-driven framework and then layering in socio-economic and psychographic data to more fully define each generation and what unifies them together. The authors however haven't done any primary research, and don't have even a convenience sample to validate the secondary studies' findings that are quoted. For such a large undertaking the inclusion of actual customer surveys would have been useful as well. There also needs to be more of an orientation on how the demographic, socio-economic and psychographic data will be used in the context of strategies. The authors conclude with a good foundation yet they could have built on this more with scenarios and more examples and case studies.

Assessment of the study:

Applying the Technology Acceptance Model and Flow Theory to Online Consumer Behavior

The research completed and published in the peer-reviewed article Applying the Technology Acceptance Model and Flow Theory to Online Consumer Behavior (Koufaris, 2002) had as its purpose the study of how cognitive and emotional responses to visiting a Web-based e-commerce site or store influence a consumers' decision to return to the store and make unplanned purchases there. For the objectives of this study to be accomplished, a website that also had a brick-and-mortar presence would also be needed. The researcher chose Booksamillion.com as this book retailer has both a chain of retail locations and a website which has been in existence over a decade (Koufaris, 2002). The methodology was specifically designed to evaluate if the respondent acted as a consumer both in-store and online, and how previous online experiences and expectations affected overall shopping satisfaction and loyalty levels.

The methodology was based on Booksamillion.com and its retail chain due to the stability of the website itself, the researcher's observation that booksamillion.com is relative unknown vs. Amazon.com., and Booksamillion.com only focuses on books, not accessories and a myriad of other products like Amazon.com does.

The methodology was based on the recruitment of 300 respondents who shopped at Booksamillion retail stores and also had Internet access, as these two prerequisites are critical for completion of the research. As the Booksamillion chain would not allow their customer names to be used for this study, the researcher recruited respondents in and outside retail locations by offering incentives to participate in the experiment (Koufaris, 2002). The methodology was specifically designed to replicate unplanned purchases by providing the respondents with a $10 gift certificate for completing the first part of the survey. This strategy delivered a 93% response rate to the first section of the survey (Koufaris, 2002). As the gift certificates could only be used on Booksamillion.com the underlying assumption of measuring incidental purchases was attained as each respondent was instructed to use the credit within 24 hours and fill out the second half of the questionnaire. This strategy ended up generating a 77% response rate to the second questionnaire. On both waves of questionnaires, a Web-based survey instrument was used to capture customers' perceptions and insights.

The demographics of respondents were surprisingly varied from an education, income and geographic location perspective. Of the 300 total respondents contacted, all were new customers to Booksamillion. 12 were international respondents and the remainder from Canada. 63% were female and the majority was between 30 to 50 years of age. The median income was over $5,000 (48% of all respondents) which is not surprising given higher income consumers often frequent bookstores (Koufaris, 2002). A paradoxical point of the respondent baser was the fact that 80% had come to browse for books of interest yet did not choose to go online to Amazon.com instead. This showed that the respondent base enjoyed the experience of being in a bookstore.

The study findings indicated that the more favorable the content on a website is viewed, the higher the probability a respondent would make an impulse purchase online (Koufaris, 2002). it's clear that the greater the personalization and use of content form a positioning standpoint from the customer's standpoint, the higher the level of overall performance as well. What the study didn't track which would have been interesting to look at was the pricing elasticity of items on the site relative to the $10 free threshold defined in the methodology. The study's results also showed that despite the majority of shoppers not knowing what they wanted to purchase when in the store, they were able to quickly differentiate which items of interest they wanted to buy using the content online. This shows how critically important content is to the overall performance of a website, combined with customer experience. The shortcomings of this study included the lack of follow-up interviews and more focused in-person focus group studies as well. There was also a lack of control over the methodology and recruiting of respondents, which was done outside of a Booksamillion retail store.

Assessment of the study:

Branding Strategy and Consumer High-Technology Product

The research presented in the article Branding Strategy and Consumer High-Technology Product (Hamann, Williams, Omar, 2007) the researchers have shown how the combination of price, quality, usability and corporate culture all combine to define the brand of high technology company. The methodology is based on the combining of price, quality, usability and corporate culture all within the context of a brand's perception and the customer experience delivered (Hamann, Williams, Omar, 2007).

The researchers chose to send the Web -- based survey instrument to 70 respondents who were acknowledged experts in branding. This first-level respondents were also asked to forward the questionnaire to those associates and thought leaders they knew as well, which results in 94 total questionnaires being sent across 21 different countries (Hamann, Williams, Omar, 2007). The majority of the respondents were in the 25- to 34-year-old age group and had shown expertise in high technology in the past, being considered through leaders and key influencers. The results were taken directly form the Web-based survey instrument, SurveyMonkey, directly… [END OF PREVIEW]

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Generational Issues.  (2013, January 29).  Retrieved November 22, 2019, from https://www.essaytown.com/subjects/paper/generational-issues/6009222

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"Generational Issues."  Essaytown.com.  January 29, 2013.  Accessed November 22, 2019.
https://www.essaytown.com/subjects/paper/generational-issues/6009222.