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MASTER’S THESIS

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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

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