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|186 PART 2 Understanding the Marketplace and Customer Value

New product                                 products from the company. Many marketers go beyond merely meeting the expectations of
A good, service, or idea that is perceived  customers—they aim to delight customers.
by some potential customers as new.
                                                  A dissatisfied consumer responds differently. Bad word of mouth often travels farther
Adoption process                            and faster than good word of mouth. It can quickly damage consumer attitudes about a
The mental process through which an         company and its products. But companies cannot simply wait for dissatisfied customers to
individual passes from first hearing about  volunteer their complaints. Most unhappy customers never tell the company about their
an innovation to final adoption.            problems. Therefore, a company should measure customer satisfaction regularly. It should
                                            set up systems that encourage customers to complain. In this way, the company can learn
                                            how well it is doing and how it can improve.

                                                  By studying the overall buyer decision process, marketers may be able to find ways to
                                            help consumers move through it. For example, if consumers are not buying a new product
                                            because they do not perceive a need for it, marketing might launch advertising messages
                                            that trigger the need and show how the product solves customers’ problems. If customers
                                            know about the product but are not buying because they hold unfavorable attitudes toward
                                            it, marketers must find ways to change either the product or consumer perceptions.

   Author Here we look at some special      The Buyer Decision Process for New Products
Comment considerations in new product
buying decisions.                           We now look at how buyers approach the purchase of new products. A new product is
                                            a good, service, or idea that is perceived by some potential customers as new. It may have
                                            been around for a while, but our interest is in how consumers learn about products for the
                                            first time and make decisions on whether to adopt them. We define the adoption process
                                            as the mental process through which an individual passes from first learning about an in-
                                            novation to final adoption. Adoption is the decision by an individual to become a regular
                                            user of the product.31

    The adoption process: To help get tentative consumers      Stages in the Adoption Process
over the buying decision hump, SodaStream offers sales at
retail, rebates, and other buying incentives—here a $20 cash-  Consumers go through five stages in the process of adopting a new
back rebate offer.                                             product:

SodaStream                                                        Awareness. The consumer becomes aware of the new product but
                                                                  lacks information about it.

                                                                  Interest. The consumer seeks information about the new product.

                                                                  Evaluation. The consumer considers whether trying the new
                                                                  product makes sense.

                                                                  Trial. The consumer tries the new product on a small scale to im-
                                                                  prove his or her estimate of its value.

                                                                  Adoption. The consumer decides to make full and regular use of
                                                                  the new product.

                                                                     This model suggests that marketers should think about how
                                                               to help consumers move through these stages. For example, if
                                                               SodaStream finds that many consumers are evaluating its home
                                                               soda makers favorably but are still tentative about buying one, it
                                                               might offer sales at retail, rebates, or other price incentives that help
                                                               get consumers over the decision hump.

                                                                     To help car buyers past purchase-decision hurdles follow-
                                                               ing the economic meltdown in 2008, Hyundai offered a unique
                                                               Hyundai Assurance Plan. It promised buyers who financed or
                                                               leased new Hyundais that they could return them at no cost and
                                                               with no harm to their credit rating if they lost their jobs or incomes
                                                               within a year. Sales of the Hyundai Sonata surged 85 percent in
                                                               the month following the start of the campaign. Chevrolet offered
                                                               a similar “Love It or Return It” guarantee last year to help offset
                                                               the still-tight economy. The guarantee gave uncertain buyers up to
                                                               60 days to return cars that had been driven fewer than 4,000 miles
                                                               and had no damage.
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