This assignment examines different psychological theories of motivation, including Vroom's Expectancy Theory, Adam's Equity Theory, and Maslow's Hierarchy of Needs. It requires students to analyze these theories and illustrate how they can be applied to improve employee motivation and performance within a work environment.
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REFLECTIVE REPORT
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TABLE OF CONTENTS INTRODUCTION..............................................................................................................3 Factors influencing Customer's buying decision...........................................................3 Theory of motivation.....................................................................................................4 SMART objectives........................................................................................................8 CONCLUSION................................................................................................................9 REFERENCES...............................................................................................................10
INTRODUCTION The objective of this report is to present experience being a customer that influenced in purchasing of goods. In today's competitive world, every business try to represent in their best way to attract customers (Hjort, Lantz and Gattorna, 2013). Thus, it becomes difficult for customer to make decision among several options. Being a customer several factors affects your buying decisions. In the study, I have chosen three topics to showcase my experience. The topics chosen are factors affecting customer's decision making process, factors of motivation and loyalty towards brand. Factors influencing Customer's buying decision Businesses offer several options to make choice with several strategies. But to choose between available options becomes sometimes difficult. Being a customer I experienced are several factors that affected my decision making process (Baker and Parkinson, 2016). Some of the factors are listed below: Marketing Campaigns: Every brand has its unique marketing campaign to attract customers. Each company tries to make maximum efforts to pull as much of customers as they can. While buying soft drink I came across so many marketing strategies offered by several brands. Economic conditions: Consumer spending decision are also known that influence by the economic situation that prevailing in the market. Positive economic environment is known as to making consumers more confidential and willing to influence purchase irrespective the personal financial liabilities (Cantallops and Salvi, 2014). Personal preferences:At the personal level, consumer behaviour is influence with variousshadesoflikes,dislikes,prioritiesandmoralvalues.Incertaindynamic industries such as fashion, food and personal care determines opinion of customer that pertaining to style and fun which can become dominant to influence the factor. Group influence:Group influence is also seen that affect to the decision that are made byaconsumer.Theprimaryinfluentialgroupconsistingwithfamilymembers, classmates, immediate relatives and the secondary influential group consisting with neighbours and acquaintances are seen with greater influence on purchasing decision of a particular person (Bruwer, 2014).
Purchasing power:Purchasing power of a consumer play very important role that influence to the customer behaviour. The customer is generally analysis purchasing capacitybeforeestablishinganydecision.Itdemonstrateseffectiveresultsand performances to satisfy each customer. Theory of motivation Motivation is very important element for assess customer experience. These will assist to ascertain generic goals and objectives. Products are also specified with goals that make profitability within the environment. In order to satisfy customer, intrinsic motivation and extrinsic motivation. In intrinsic motivation people have desire to engage in activity for their own value (Nuttin, 2014). On the other hand, extrinsic motivation assist to people with providing some sort of reward such as money, bonus, etc. In respect to motivate the people, there are certain motivational theories explains under here that create effective impact on the firm. They are as follows: Alderfer's ERG theory ERG theory is psychology that proposed for further development of Maslow's hierarchical. In this aspect, needs are categorizing in ERG elements such as existence, relatednessandgrowthofthepeople.Basicmaterialexistencerequirementfor customer is determines their operations to develop the results. Main role of this theory towardscustomerisassessmentofinputthroughoutput.Thisisbecause,every customer demanding output as per input which they have put in purchasing of product and services.In this customer are seen existence of particular product for purchasing it carefully (Williams, Rasmussen and Cairns, 2015). Vroom's Expectancy theory Thistheoryisassumesthatbehaviourresultsfromconsciouschoiceis determining various alternatives that maximize pleasure and reduce pain. In this aspect, there arevarious elements recognize with factors that includes personality, skills, knowledge, experience and abilities. All these elements are includes in a person when they are purchasing particular product and services. In this aspect, three variable are used which describes to make effective results such as expectancy, instrumentality and valence (Maslow, 2013). In expectancy, the belief is increased efforts that will lead to
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enhance in particular customer towards product and services. It is affected through different things such as right resources, right skills and necessary support. Further, instrumentality is determining as belief which need to be perform well to create valued outcomes in areas for that product and service. It creating degree which placed at first level outcome and it leads to second level results. It includes clear understanding of the relationship between input and getting output as well (Olafsen, Halvari and Deci, 2015). Trust in the customer make towards decision on getting outcomes from products. At last, valence is creating importance for every individual who are place on expected outcome. For instance, if someone motivated through money, they are not value to offers additional time out. These three elements are very important to choose efforts for performance expectancy. Adam's Equity theory This theory is based on idea in which customer are motivated through fairness. Beside this, particular group of person is comparing themselves with whole population within the market that make self-inside, self-outside, other-inside and other-outside. With the help of experience, the current organisation can make effective results. This Illustration1: Vroom's Expectancy theory Source:(Nuttin, 2014)
theory is motivates to customer to getting effective results from various input (Nuttin, 2014. Maslow's Hierarchy of needs From the above analysis, focus on considering on Maslow's theory that defines as follows: Illustration2: Adam's Equity theory Source:Maslow, (2013)
According to this theory, customer first satisfy their basic needs. In this aspect, firstly physiological needs are satisfied which includes food, shelter and clothes. If a customer is not satisfied basic level needs they are not switch towards other level demand. After this, esteem needs are classified which safe their job security. After this, social needs are satisfied by the people which includes relations with various people that make intimate relationship with friends and family to use particular product and services (Nuttin, 2014. Further, Esteem needs are classified with prestige and feeling of accomplishment of personal life. It makes effective results within the environment. At last, every customer wants to follow self-actualization needs in which they are achieving realization of personal potential, self-fulfilment and their growth within the business environment. Illustration3: Maslow's Hierarchical needs Sources:(Hammond, Keeney and Raiffa, 2015)
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SMART objectives SMART objective for particular customer is defines as follows: Specific:The goal should be set in specific areas for achievement by customer. In this aspect, loyalty make to customer for ascertain effective results and outcomes. For making loyalty, customer are establishes, creates and make results for qualitative products and services which can be support to goals and objectives in effective manner. In specific element strategy, location and reason is defines that make simple goal and objective (Bjerke and Renger, 2017). Hence, customer loyalty is creating for attainment of targets and results. Measurable:Further element of SMART objective is considering is measurement which demonstrate measure progress of particular person through measurement of their goals. With using quantifiable outcomes, customer can measure their outcomes for using particular product and services. In this aspect, customer are also asks from other people towards particular product and services before purchasing it. In measurement, metrics and milestone is defines with effective percentage which shows effective results at workplace (Hewitt-Taylor, 2013). As per percentage, customer loyalty has been address that need to be taken for attain targets and results. Attainable:Goal of customer experiences are need to be realistic. It is based on available resources and existing constraints. In this aspect, attainment of target can be considering as per customer view. It will make sure that customers enhances their purchasing when they are buying again and again. With delivering qualitative products and services, resources are also measures for change process as well. In addition to this,inthiselementskillsandtoolsaredeterminingthatisusedbycustomer (Hammond, Keeney and Raiffa, 2015). This is because, with skills and tools, customer can attain their results and performances effectively. Hence, objectives can easily develops within the business environment. Relevant:In this stage, goal is aligns with objectives with another person experience that make consideration effective. In this aspect, every customer has responsibilities to check relevancy of goals and objectives that are frame to provide effective results. With the help of relevancy, objectives can be made with developing customer loyalty. In order
to make sure that tools and skills are helpful for attainment of goals, overall experience of customer will be develops. With undertaking roles and responsibilities, relevancy has been measure in environment (Pulakos, Hanson and Moye, 2015.). Time bound:Every goal and objectives is aligned with time bound. In this aspect, objectives includes different types of activities which completing with time frame. In this aspect, deadline can be meet which defines ending strategy to enhance experience of customer. This element assist to make customer loyalty, through making time frame for accomplish each activity. Hence, overall results will be develops in effective way. As results, targets and goals are achieved easily. CONCLUSION From the above report, it could be articulated that there are various factors which create impact on customer buying decision. In this aspect,Marketing Campaigns, Economic conditions, Personal preferences, Group influence and Purchasing power includedinreport.Furthermore,reportalsoconcludedaboutdifferenttypesof motivational theory which assist to find motivation of customer in their purchasing. At last, it summarised about SMART objective towards customer loyalty in the enterprise which is based on five elements such as specific, measurable, achievable, relevancy and time frame.
REFERENCES Books and Journals Baker, M. J. and Parkinson, S. T., 2016.Organizational buying behaviour: purchasing and marketing management implications. Springer. Bjerke, M. B. and Renger, R., 2017. Being smart about writing SMART objectives. Evaluation and program planning.61. pp.125-127. Bruwer,J.,2014.Servicequalityperceptionandsatisfaction:buyingbehaviour predictioninanAustralianfestivalscape.InternationalJournalofTourism Research. 16(1). pp.76-86. Cantallops, A. S. and Salvi, F., 2014. New consumer behavior: A review of research on eWOM and hotels.International Journal of Hospitality Management. 36. pp.41- 51. Hammond, J., Keeney, R. and Raiffa, H., 2015.Smart choices: A practical guide to making better decisions.Harvard Business Review Press. Hewitt-Taylor,J.,2013.Planningsuccessfulchangeincorporatingprocessesand people.Nursing Standard. 27(38). pp.35-40. Hjort, K., Lantz, B. and Gattorna, J., 2013. Customer segmentation based on buying and returning behaviour.International Journal of Physical Distribution & Logistics Management. 43(10). pp.852-865. Maslow, A. H., 2013.A theory of human motivation. Simon and Schuster. Nuttin, J., 2014.Future time perspective and motivation: Theory and research method. Psychology Press. Olafsen, A.H., Halvari, H. and Deci, E.L., 2015. Show them the money? The role of pay, managerial need support, and justice in a selfâdetermination theory model of intrinsic work motivation.Scandinavian journal of psychology. 56(4). pp.447-457. Pulakos, E. D., Hanson, R. M. and Moye, N., 2015. Performance management can be fixed: An on-the-job experiential learning approach for complex behavior change. Industrial and Organizational Psychology. 8(01). pp.51-76.
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Williams, L., Rasmussen, S. and Cairns, N., 2015. Protection motivation theory and socialdistancingbehaviourinresponsetoasimulatedinfectiousdisease epidemic.Psychology, health & medicine.20(7). pp.832-837.