MASTER’S THESIS
Vorlage Seminararbeit - schuster-solutions.de
Vorlage Seminararbeit - schuster-solutions.de
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Master thesis: sport spectator preferences<br />
map, the map is getting unclear. The reduction of complexity inside the map can<br />
be done by defining the cut-off level. (Grundert & Grundert, 1995).<br />
The cut-off level can be fixed by the researcher and depends on the volume of<br />
interview data. The cut-off level reduces the volume of linkages and categories<br />
which are visualized in the hieratical value map. (Rewerts, 2009)<br />
Means-end chains is one approach to retrieve consumer insights. Cohen and<br />
Warlop (2001) mention that means-end chains are “a bit over-sold”. “Its proponents<br />
have not lacked for enthusiasm in describing how the approach helps us to<br />
understand the motivational antecedents of customers’ behavior as well as their<br />
organization of product knowledge and brand meanings.” They remind reader<br />
that no approach have the ultimate solution to understand why consumers buy<br />
products, because it is a complex research field and even means-end chain can<br />
catch just one small part out of the consumer association networks. But they<br />
name laddering method as useful tool, to explain questions why consumers buy<br />
certain products.<br />
3.1.3 Practice relevance of means-end theory<br />
This chapter introduces some practice relevance of means-end theory. As mentioned<br />
before, the means-end approach can help marketing managers to understand<br />
consumer purchase decisions and customer motivations. This research<br />
knowledge can guide managers through a thinking process of new marketing<br />
strategies. “Each means-end chain defines a particular form of customer-product<br />
relationship or a particular sense for personal relevance for the target consumer.<br />
Selecting an appropriate means-end basis for the consumer-brand relationship is<br />
the essence of a marketing strategy.” (Olson & Reynolds, 2001, pp. 265)<br />
Market segmentation<br />
Market segmentation is grouping customer into different categories. These categories<br />
or segments offer key factors for marketing strategies (Kotler, et al., 2009)<br />
Segmentation by Means-end chains summarizes customers of similar cognitive<br />
structures. The end values are a theoretical the important purchase decision factor.<br />
Linkages between the attributes and consequences can support further segmentation<br />
possibilities. (Rewerts, 200)<br />
Methodology page 44