Marketing Strategy for Millennial Buyers Assessment 2022
VerifiedAdded on 2022/08/26
|25
|7272
|15
AI Summary
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: MARKETING STRATEGY FOR MILLENNIAL BUYERS
MARKETING STRATEGY FOR MILLENNIAL BUYERS
Name of the student
Name of the university
Author note
MARKETING STRATEGY FOR MILLENNIAL BUYERS
Name of the student
Name of the university
Author note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1MARKETING STRATEGY FOR MILLENNIAL BUYERS
Table of Contents
1. Introduction..................................................................................................................................2
1.1. Background...........................................................................................................................2
1.2. Baby boomers buying behavior............................................................................................3
1.3. Change in behavior throughout the years.............................................................................4
2.Analysis........................................................................................................................................5
2.1.Factor influencers..................................................................................................................5
2.2. Changes undertaken by the businesses correlating to buying behavior of the customers....8
2.3. Influence of Social Media, Websites reviews, blogging, word-of-mouth on buying
behavior.....................................................................................................................................11
3. Literature review........................................................................................................................13
4. Literature gap.............................................................................................................................17
5. Conclusion and recommendations.............................................................................................18
5.1.Conclusion...........................................................................................................................18
5.2. Recommendations...............................................................................................................18
References......................................................................................................................................20
Table of Contents
1. Introduction..................................................................................................................................2
1.1. Background...........................................................................................................................2
1.2. Baby boomers buying behavior............................................................................................3
1.3. Change in behavior throughout the years.............................................................................4
2.Analysis........................................................................................................................................5
2.1.Factor influencers..................................................................................................................5
2.2. Changes undertaken by the businesses correlating to buying behavior of the customers....8
2.3. Influence of Social Media, Websites reviews, blogging, word-of-mouth on buying
behavior.....................................................................................................................................11
3. Literature review........................................................................................................................13
4. Literature gap.............................................................................................................................17
5. Conclusion and recommendations.............................................................................................18
5.1.Conclusion...........................................................................................................................18
5.2. Recommendations...............................................................................................................18
References......................................................................................................................................20
2MARKETING STRATEGY FOR MILLENNIAL BUYERS
Topic: Marketing strategy for millennial buyers
1. Introduction
1.1. Background
The marketing activities in an organization are specifically grounded on the different
changes in the technological environment and the buying preferences of the customers. The vivid
modifications in an organization’s marketing initiatives are reliant on the assessment of the
changing needs of the customers. According to Suntornpithug and King (2018), the modification
in the marketing operations of an organization is based on the efficient functioning of the
different systems while referring to the demand of the customers. Olga et al. (2018) stated that
marketing and promotional activities of an organization supports the same in drawing the
attention of the potential customers towards their offerings while contributing to the
enhancement of their sales volume. The increased sales volume contribute to the revenue stream
of an organization. Moreover, Hendriyani and Chan (2018) stated that apart from making the
potential customers aware, marketing communication techniques assists an organization in
gathering feedbacks on the propositions from the customers.
Therefore, the marketing communication and promotional techniques that are selected by
an organization depends on the assessment of the target audience and the manner in which the
same might be engaged in the practices. The research will take the initiative of identifying the
different changes in the buying behavior of the customers ranging from GenX to GenY and the
marketing initiatives that are undertaken by the organizations for attracting their attention
effectively. In this connection, the research will also take the initiative of analyzing the
influencers, that play a major role in shaping the decision making process of the buyers,
empowering the incremental sales target for businesses.
Topic: Marketing strategy for millennial buyers
1. Introduction
1.1. Background
The marketing activities in an organization are specifically grounded on the different
changes in the technological environment and the buying preferences of the customers. The vivid
modifications in an organization’s marketing initiatives are reliant on the assessment of the
changing needs of the customers. According to Suntornpithug and King (2018), the modification
in the marketing operations of an organization is based on the efficient functioning of the
different systems while referring to the demand of the customers. Olga et al. (2018) stated that
marketing and promotional activities of an organization supports the same in drawing the
attention of the potential customers towards their offerings while contributing to the
enhancement of their sales volume. The increased sales volume contribute to the revenue stream
of an organization. Moreover, Hendriyani and Chan (2018) stated that apart from making the
potential customers aware, marketing communication techniques assists an organization in
gathering feedbacks on the propositions from the customers.
Therefore, the marketing communication and promotional techniques that are selected by
an organization depends on the assessment of the target audience and the manner in which the
same might be engaged in the practices. The research will take the initiative of identifying the
different changes in the buying behavior of the customers ranging from GenX to GenY and the
marketing initiatives that are undertaken by the organizations for attracting their attention
effectively. In this connection, the research will also take the initiative of analyzing the
influencers, that play a major role in shaping the decision making process of the buyers,
empowering the incremental sales target for businesses.
3MARKETING STRATEGY FOR MILLENNIAL BUYERS
1.2. Baby boomers buying behavior
Baby Boomers are the generation that were born between the years 1946 and 1966. In
Australia, the baby boomers or the GenX were born mostly in the period of post-war economic
boom (Kapferer and Michaut-Denizeau 2019). The era mostly encountered rising rates of female
participation in the educational and the workforce, resulting to the genesis of two-income
households (SanMiguel, Guercini and Sádaba 2018). Therefore, it supported their economic
stability while empowering their affordability. The higher amount of disposable income of the
baby boomers, even more than the millennial population, is specifically based on the two-income
households. However, it has been noted that the baby boomers have an inclination towards a
convenient shopping attitude which is mostly influenced by in- store shopping experiences.
Inkaew and Huang (2019) reflected on a research stated that around 84% of the baby boomers
prefer to buy from in- store facilities rather than opting for online buying platforms. The buying
preference of the GenX community largely influenced the growth of the multi- channeled
distribution systems.
Moreover, it has been noted that the GenX population prefers support and assistance from
the sales and customer support executives while making a buy of a commodity rather than going
through the online reviews. The highest amount of disposable income of the GenX contributed to
the enhancement of affordability while making purchase of utility based commodities. On the
other hand, Naumovska (2017) argued that as the first wave of baby boomers in Australia, whose
age ranged between 48 and 67 years, are nearing retirement which again affected their careless
buying behavior. The GenX population have minimal knowledge on the use of technologies and
social media platforms for identifying the suitability of the commodities while making purchase
1.2. Baby boomers buying behavior
Baby Boomers are the generation that were born between the years 1946 and 1966. In
Australia, the baby boomers or the GenX were born mostly in the period of post-war economic
boom (Kapferer and Michaut-Denizeau 2019). The era mostly encountered rising rates of female
participation in the educational and the workforce, resulting to the genesis of two-income
households (SanMiguel, Guercini and Sádaba 2018). Therefore, it supported their economic
stability while empowering their affordability. The higher amount of disposable income of the
baby boomers, even more than the millennial population, is specifically based on the two-income
households. However, it has been noted that the baby boomers have an inclination towards a
convenient shopping attitude which is mostly influenced by in- store shopping experiences.
Inkaew and Huang (2019) reflected on a research stated that around 84% of the baby boomers
prefer to buy from in- store facilities rather than opting for online buying platforms. The buying
preference of the GenX community largely influenced the growth of the multi- channeled
distribution systems.
Moreover, it has been noted that the GenX population prefers support and assistance from
the sales and customer support executives while making a buy of a commodity rather than going
through the online reviews. The highest amount of disposable income of the GenX contributed to
the enhancement of affordability while making purchase of utility based commodities. On the
other hand, Naumovska (2017) argued that as the first wave of baby boomers in Australia, whose
age ranged between 48 and 67 years, are nearing retirement which again affected their careless
buying behavior. The GenX population have minimal knowledge on the use of technologies and
social media platforms for identifying the suitability of the commodities while making purchase
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
4MARKETING STRATEGY FOR MILLENNIAL BUYERS
decisions. Therefore, the GenX population mostly depends on the experience that are shared by
their friends and relatives as their influencers for backing their purchase decisions.
However, a research conducted by Perera and Perera (2016) reflected that 12% of the
baby boomers make their purchase intent on recommendations made by friends or relatives.
Therefore, it might be stated that the buying behavior of the baby boomer communities in
Australia are mainly dependent on the convenient shopping experience and the legitimacy of the
price. The layout of the store and the convenient finding options for the commodities attract the
attention of the GenX population. In this relation, the baby boomers expect extensive assistance
from the sales assistants and customer care executives. Silvia (2019) stated that more than 62%
of the GenX population expects a convenient shopping experience and only 37% of the GenX
population likes to go around a store for supporting their purchase intents. Therefore, it might be
noted that the GenX population prefers to select their commodities from the in- store facilities
while expecting convenient buying options.
1.3. Change in behavior throughout the years
The change in the buying behavior of the consumers from the GenX to the Millennial or
GenY population specifically rested on the improvements in different technologies. The
development of the IT (Information Technology) systems and the IoT (Internet of Things)
created an ambience for the tech savvy population. Moreover, the changing lifestyle of the
millennial population made a huge contribution to the change in the buying preferences.
According to Sheikh, Shahzad and Ishak (2016), around 40.7% of the millennial population
prefers buying from different online buying platforms at least once a week. The fast paced
lifestyle of the people resulted to an imbalance in the work- life balance. It restricted the
capability of the population in taking time to shop their required commodities from the stores.
decisions. Therefore, the GenX population mostly depends on the experience that are shared by
their friends and relatives as their influencers for backing their purchase decisions.
However, a research conducted by Perera and Perera (2016) reflected that 12% of the
baby boomers make their purchase intent on recommendations made by friends or relatives.
Therefore, it might be stated that the buying behavior of the baby boomer communities in
Australia are mainly dependent on the convenient shopping experience and the legitimacy of the
price. The layout of the store and the convenient finding options for the commodities attract the
attention of the GenX population. In this relation, the baby boomers expect extensive assistance
from the sales assistants and customer care executives. Silvia (2019) stated that more than 62%
of the GenX population expects a convenient shopping experience and only 37% of the GenX
population likes to go around a store for supporting their purchase intents. Therefore, it might be
noted that the GenX population prefers to select their commodities from the in- store facilities
while expecting convenient buying options.
1.3. Change in behavior throughout the years
The change in the buying behavior of the consumers from the GenX to the Millennial or
GenY population specifically rested on the improvements in different technologies. The
development of the IT (Information Technology) systems and the IoT (Internet of Things)
created an ambience for the tech savvy population. Moreover, the changing lifestyle of the
millennial population made a huge contribution to the change in the buying preferences.
According to Sheikh, Shahzad and Ishak (2016), around 40.7% of the millennial population
prefers buying from different online buying platforms at least once a week. The fast paced
lifestyle of the people resulted to an imbalance in the work- life balance. It restricted the
capability of the population in taking time to shop their required commodities from the stores.
5MARKETING STRATEGY FOR MILLENNIAL BUYERS
Moreover, the development of the e- commerce also influenced the online buying
behavior among the people. The major point of difference between the GenX and GenY
population is based on their preferences of the commodities and the use of social and different
other digital media platforms. The GenX population mostly preferred elegance based products
that would help them in showing off their social status (Berger 2018). However, the transition in
the buying behavior of the customers from GenX to GenY is based on the changed preference to
towards the experience based propositions. On the other hand, the development of the social
media platforms along with e- commerce backed the buyer’s decision making, specifically the
GenY communities.
The fast paced lifestyle of the people specifically backed the convenient shopping
behavior of the GenY customers. It has been noted that around 36.8% of the GenY population
shops through a mobile phone at least once in a week (Min et al. 2019). Therefore, it might be
noted that the inclination of the millennial population towards the use of technologies for making
a buy of the commodities and the transition from the choice of eloquence based propositions to
the experience based offerings influenced the change in the buying patterns over the years.
Moreover, the fast paced lifestyle of the people and the technological innovations mostly
influenced the transition of buying patterns of the customers.
2.Analysis
2.1.Factor influencers
The changes in the buying preferences of the customers, over the years, critically
administered the different modifications in the organizational operations. The key changes in the
organizational operations are based on the assessment of the current needs of the customers.
Chaney, Touzani and Ben Slimane (2017) opined that there are influencers that might affect the
Moreover, the development of the e- commerce also influenced the online buying
behavior among the people. The major point of difference between the GenX and GenY
population is based on their preferences of the commodities and the use of social and different
other digital media platforms. The GenX population mostly preferred elegance based products
that would help them in showing off their social status (Berger 2018). However, the transition in
the buying behavior of the customers from GenX to GenY is based on the changed preference to
towards the experience based propositions. On the other hand, the development of the social
media platforms along with e- commerce backed the buyer’s decision making, specifically the
GenY communities.
The fast paced lifestyle of the people specifically backed the convenient shopping
behavior of the GenY customers. It has been noted that around 36.8% of the GenY population
shops through a mobile phone at least once in a week (Min et al. 2019). Therefore, it might be
noted that the inclination of the millennial population towards the use of technologies for making
a buy of the commodities and the transition from the choice of eloquence based propositions to
the experience based offerings influenced the change in the buying patterns over the years.
Moreover, the fast paced lifestyle of the people and the technological innovations mostly
influenced the transition of buying patterns of the customers.
2.Analysis
2.1.Factor influencers
The changes in the buying preferences of the customers, over the years, critically
administered the different modifications in the organizational operations. The key changes in the
organizational operations are based on the assessment of the current needs of the customers.
Chaney, Touzani and Ben Slimane (2017) opined that there are influencers that might affect the
6MARKETING STRATEGY FOR MILLENNIAL BUYERS
buying behavior of the customers. The change in the influencers can be accredited to the
modifications in the digital technologies and the era of information systems. The factors that
influenced the buying preferences of the baby boomers were specifically based on the
recommendation made by the relatives or peers. In a research project Kumar, Lahiri and Dogan
(2018) noted that more than 47% of the purchases made by the baby boomers heeded to the
recommendations that are made by the peers while choosing a brand. Moreover, the buying
preference of the baby boomers mostly relied on the elegance of the commodity which they
might be able to show off for gaining a sustainable social status. The extensive knowledge on
price of a commodity and the price sensitivity of the baby boomers were influential factors that
guided the purchase intents.
According to Berraies, Ben Yahia and Hannachi (2017), the pricing elements plays an
influential role in backing the sales volume and affordability of the customers. It has been
noticed that most of the baby boomers are price sensitive customers whose buying preferences
are affected through the price of the offerings. Therefore, the price of the commodities played an
influential role in backing the purchase intent of the baby boomers. Moreover, the baby boomers
mostly expected support from the organizations while making their purchase intents. Grodzki,
Powers and Burnstine (2018) stated that most of the organizations took the initiative of recruiting
customer care agents with the purpose of improving the quality of the operations while providing
the clients with assistance while making a buying decision. The behavior of the customer care
executives of an organization and the layout of the store might be thereby taken as influencers
for the baby boomer community of customers (Lukina 2016). From previous research
assessments it has been found that the baby boomers prefer buying the commodities from stores
buying behavior of the customers. The change in the influencers can be accredited to the
modifications in the digital technologies and the era of information systems. The factors that
influenced the buying preferences of the baby boomers were specifically based on the
recommendation made by the relatives or peers. In a research project Kumar, Lahiri and Dogan
(2018) noted that more than 47% of the purchases made by the baby boomers heeded to the
recommendations that are made by the peers while choosing a brand. Moreover, the buying
preference of the baby boomers mostly relied on the elegance of the commodity which they
might be able to show off for gaining a sustainable social status. The extensive knowledge on
price of a commodity and the price sensitivity of the baby boomers were influential factors that
guided the purchase intents.
According to Berraies, Ben Yahia and Hannachi (2017), the pricing elements plays an
influential role in backing the sales volume and affordability of the customers. It has been
noticed that most of the baby boomers are price sensitive customers whose buying preferences
are affected through the price of the offerings. Therefore, the price of the commodities played an
influential role in backing the purchase intent of the baby boomers. Moreover, the baby boomers
mostly expected support from the organizations while making their purchase intents. Grodzki,
Powers and Burnstine (2018) stated that most of the organizations took the initiative of recruiting
customer care agents with the purpose of improving the quality of the operations while providing
the clients with assistance while making a buying decision. The behavior of the customer care
executives of an organization and the layout of the store might be thereby taken as influencers
for the baby boomer community of customers (Lukina 2016). From previous research
assessments it has been found that the baby boomers prefer buying the commodities from stores
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
7MARKETING STRATEGY FOR MILLENNIAL BUYERS
rather than purchasing online. In this connection, the layout of the store and the behavior of the
staffs mostly influenced the buying behavior and loyalty of the baby boomers.
On the other hand, the millennial population are more inclined towards experience based
buying. Yan et al. (2019) opined that around 40.7% of the millennial population, around the
world, are more inclined towards online buying preferences. The inclination of the customers
towards online buying has increased the scope of marketing and selling for the organizations.
The primary motivators or influencers for the millennial population are the social and digital
media platforms through which they assess the reviews made by the community members. The
experience based buying activities and the tech savvy nature of the generation are the major
motivators that influence the buying decision. Moreno, Carreón and Moreno (2016) noted that
the technological innovations in the business industries and the growing expectation of the
millennial buyers towards experience based buying related activities are shaping the activities of
the marketing agents.
The fast paced lifestyle of the millennial population and their preoccupation in different
other activities reduced their time for convenience shopping or an in- store experience (Chivandi,
Samuel and Muchie 2019). Moreover, the increased development of the social or digital media
platforms have greatly supported changes in the organizational constructs. It has improved the
rate of operations of the venture while operating in the different markets. The tech savvy
generation specifically encourages online buying based on increased customer support provided
by the businesses. Kakkar and Nayak (2019) reflected that the technological influencers brought
about significant changes in the buying behavior of the customers over the years. Therefore, the
fast paced lifestyle and the inclination of the millennial population towards online buying
significantly changed the market scenario. The digitalization and usage of social media platforms
rather than purchasing online. In this connection, the layout of the store and the behavior of the
staffs mostly influenced the buying behavior and loyalty of the baby boomers.
On the other hand, the millennial population are more inclined towards experience based
buying. Yan et al. (2019) opined that around 40.7% of the millennial population, around the
world, are more inclined towards online buying preferences. The inclination of the customers
towards online buying has increased the scope of marketing and selling for the organizations.
The primary motivators or influencers for the millennial population are the social and digital
media platforms through which they assess the reviews made by the community members. The
experience based buying activities and the tech savvy nature of the generation are the major
motivators that influence the buying decision. Moreno, Carreón and Moreno (2016) noted that
the technological innovations in the business industries and the growing expectation of the
millennial buyers towards experience based buying related activities are shaping the activities of
the marketing agents.
The fast paced lifestyle of the millennial population and their preoccupation in different
other activities reduced their time for convenience shopping or an in- store experience (Chivandi,
Samuel and Muchie 2019). Moreover, the increased development of the social or digital media
platforms have greatly supported changes in the organizational constructs. It has improved the
rate of operations of the venture while operating in the different markets. The tech savvy
generation specifically encourages online buying based on increased customer support provided
by the businesses. Kakkar and Nayak (2019) reflected that the technological influencers brought
about significant changes in the buying behavior of the customers over the years. Therefore, the
fast paced lifestyle and the inclination of the millennial population towards online buying
significantly changed the market scenario. The digitalization and usage of social media platforms
8MARKETING STRATEGY FOR MILLENNIAL BUYERS
greatly supported the change in the buying preferences of the tech savvy generation, millennial
(Dabija and Lung 2018).
2.2. Changes undertaken by the businesses correlating to buying behavior of the customers
The changes in the buying behavior and purchase intent of the customers have mandated
alterations in the marketing procedures that are initiated by the businesses. Hall, Towers and
Shaw (2017) stated that the businesses are established with the purpose of adhering to the
requirements of the customers. In this connection, most of the business decisions rely on the
customer- centric approaches that are implemented by the same. The development of service or
product propositions made by an organization are reliant on the assessment of needs of the
customers. Dabija, Bejan and Tipi (2018) portrayed in a research that the visible changes in the
strategizing related activities of an organization are reliant on the differences in customer needs.
It has been noted that most of the organizations take the initiative of following a multi-
channeled distribution model.
The multi- channeled distribution model aimed at attracting the attention of both the
millennial and the baby boomer communities. The use of digital, social and physical stores
enabled the businesses in improving the sales volume of the same while operating in the different
markets. According to Fuentes Fernández, Vriesekoop and Urbano (2017), the customer centric
marketing operations of an organization permits a venture in improving the rate sales volume
through increased involvement of the customers. Therefore, most of the organizations considered
the initiation of customer centric approach while proposing their offerings to the end users while
optimizing the process scaling.
The organizations developed the initiative of improving the design of the store layouts
with the purpose of maintaining the effectiveness of the operations. In this connection, the
greatly supported the change in the buying preferences of the tech savvy generation, millennial
(Dabija and Lung 2018).
2.2. Changes undertaken by the businesses correlating to buying behavior of the customers
The changes in the buying behavior and purchase intent of the customers have mandated
alterations in the marketing procedures that are initiated by the businesses. Hall, Towers and
Shaw (2017) stated that the businesses are established with the purpose of adhering to the
requirements of the customers. In this connection, most of the business decisions rely on the
customer- centric approaches that are implemented by the same. The development of service or
product propositions made by an organization are reliant on the assessment of needs of the
customers. Dabija, Bejan and Tipi (2018) portrayed in a research that the visible changes in the
strategizing related activities of an organization are reliant on the differences in customer needs.
It has been noted that most of the organizations take the initiative of following a multi-
channeled distribution model.
The multi- channeled distribution model aimed at attracting the attention of both the
millennial and the baby boomer communities. The use of digital, social and physical stores
enabled the businesses in improving the sales volume of the same while operating in the different
markets. According to Fuentes Fernández, Vriesekoop and Urbano (2017), the customer centric
marketing operations of an organization permits a venture in improving the rate sales volume
through increased involvement of the customers. Therefore, most of the organizations considered
the initiation of customer centric approach while proposing their offerings to the end users while
optimizing the process scaling.
The organizations developed the initiative of improving the design of the store layouts
with the purpose of maintaining the effectiveness of the operations. In this connection, the
9MARKETING STRATEGY FOR MILLENNIAL BUYERS
organizations undertook the initiative of conducting market research for identifying the general
needs of the customers and thereby design their propositions for maximizing the value of the
propositions. Moreover, Khan and Iftikhar (2017) opined that the assessment of the customer
behavior enabled the organization in gaining access to the different changes as per the needs of
the venture. The modifications in the organizational operations are reliant on the assessment of
the buying intent of the customers while strategizing on the different operational processes.
The organizations also undertook the initiative of improving their online presence
through effective digital and social media campaigning. The digital and social media
campaigning assisted the businesses in drawing the attention of the target audience while
maximizing the sales volume. Fulgoni (2018) stated that the improved online presence of an
organization in creased the viability of the organizations in gaining a competitive edge while
operating in the different markets. The assessment of the buying behavior of the customers
empowers a business in strategizing on the resource based needs and the process flow while
operating as per the changing buying patterns of the customers.
The organizations also took the initiative of improving the staff behavior for increasing
the customer assistance related activities. It has been noted that the customers expect increased
assistance from the sales team and customer assistance executives. Slootweg and Rowson (2018)
stated that the improvements in the customer experience enables an organization in empowering
its sustenance. Most of the organizations have taken the initiative of making pricing
considerations with the purpose of adhering to the changing needs of the customers. The
behavioral Pattern of the customers, the affordability, the changing market demand trends and
the experience based buying habits of the customers forced alterations in the business processes.
organizations undertook the initiative of conducting market research for identifying the general
needs of the customers and thereby design their propositions for maximizing the value of the
propositions. Moreover, Khan and Iftikhar (2017) opined that the assessment of the customer
behavior enabled the organization in gaining access to the different changes as per the needs of
the venture. The modifications in the organizational operations are reliant on the assessment of
the buying intent of the customers while strategizing on the different operational processes.
The organizations also undertook the initiative of improving their online presence
through effective digital and social media campaigning. The digital and social media
campaigning assisted the businesses in drawing the attention of the target audience while
maximizing the sales volume. Fulgoni (2018) stated that the improved online presence of an
organization in creased the viability of the organizations in gaining a competitive edge while
operating in the different markets. The assessment of the buying behavior of the customers
empowers a business in strategizing on the resource based needs and the process flow while
operating as per the changing buying patterns of the customers.
The organizations also took the initiative of improving the staff behavior for increasing
the customer assistance related activities. It has been noted that the customers expect increased
assistance from the sales team and customer assistance executives. Slootweg and Rowson (2018)
stated that the improvements in the customer experience enables an organization in empowering
its sustenance. Most of the organizations have taken the initiative of making pricing
considerations with the purpose of adhering to the changing needs of the customers. The
behavioral Pattern of the customers, the affordability, the changing market demand trends and
the experience based buying habits of the customers forced alterations in the business processes.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
10MARKETING STRATEGY FOR MILLENNIAL BUYERS
The training of the staff members and the recruitment of skilled or semi- skilled staffs are one of
the most important changes that are made by the business.
Kulle and Hellsten (2017) stated that the organizations have considered the initiative of
providing the staffs with efficient training programs with the purpose of increasing the rate of
satisfaction among the target customers. Moreover, the organizations have taken the initiative of
developing sound communication between the R&D department and the customers for
empowering the rate of innovations in the business models. According to Samiee and Chirapanda
(2019), innovativeness in the business model of an organization permits the same in increasing
the profitability while adhering to the current needs of the customers. The continuous
innovations that are undertaken by the organizations are reliant on the effective functioning of
the systems as per the needs of the venture. The development of the R&D departments in
accordance with the changing buying behavior of the customers permitted the businesses in
initiating re- engineering processes.
According to Micu et al. (2017), the marketing and process re- engineering related
procedures of an organization is generally initiated by an organization on the basis of different
customer centric needs. The assessment of the customer centric needs and changing buying
preferences allows an organization in increasing the viability of the operations in accordance
with the strategic aims of the business. However, Ghose, Li and Liu (2019) stated that
misinterpretation of the needs of the customers might affect the competency of the organizations
while retaining the loyalty of the customers. Therefore, the market assessments that are
conducted by the organizations in the form of surveys supported the same in developing different
propositions while adhering to the changing preferences and buying behavior of the customers.
The training of the staff members and the recruitment of skilled or semi- skilled staffs are one of
the most important changes that are made by the business.
Kulle and Hellsten (2017) stated that the organizations have considered the initiative of
providing the staffs with efficient training programs with the purpose of increasing the rate of
satisfaction among the target customers. Moreover, the organizations have taken the initiative of
developing sound communication between the R&D department and the customers for
empowering the rate of innovations in the business models. According to Samiee and Chirapanda
(2019), innovativeness in the business model of an organization permits the same in increasing
the profitability while adhering to the current needs of the customers. The continuous
innovations that are undertaken by the organizations are reliant on the effective functioning of
the systems as per the needs of the venture. The development of the R&D departments in
accordance with the changing buying behavior of the customers permitted the businesses in
initiating re- engineering processes.
According to Micu et al. (2017), the marketing and process re- engineering related
procedures of an organization is generally initiated by an organization on the basis of different
customer centric needs. The assessment of the customer centric needs and changing buying
preferences allows an organization in increasing the viability of the operations in accordance
with the strategic aims of the business. However, Ghose, Li and Liu (2019) stated that
misinterpretation of the needs of the customers might affect the competency of the organizations
while retaining the loyalty of the customers. Therefore, the market assessments that are
conducted by the organizations in the form of surveys supported the same in developing different
propositions while adhering to the changing preferences and buying behavior of the customers.
11MARKETING STRATEGY FOR MILLENNIAL BUYERS
2.3. Influence of Social Media, Websites reviews, blogging, word-of-mouth on buying
behavior
The influencers like social media platforms, websites, blogging and reviews enable an
organization in drawing the attention of potential customers towards the propositions that are
made by the businesses. Quatse and Wasserman (2020) stated that the social media and
different other digital media platforms play an inactive role as an influencer to the buying intent
of the customers. Social media platforms like Facebook, Twitter and Instagram works efficiently
in creating an impression of an idea in the minds of the customers relating to a proposition that is
being made by the organizations. Moreover, the extensive use of social media platforms enable
the organizations in improving the rate of customer awareness in the different processes.
According to a statistics in a research of Harmeling et al. (2017), 16.4% of the baby
boomers undertake online shopping activities and more than 36.8% of the millennial population
are indulged in mobile purchases. Therefore, the organizations took the initiative of maintaining
their global presence through the utilization of different social or digital media platforms. It has
been noted that most of the millennial population are engaged in buying commodities after
assessing the reviews that are made by the other customers. In this connection, the organizations
have taken the initiative of improving the social media presence while increasing the customer
support related operations. Kunz et al. (2017) stated that the social media platforms work
effectively in establishing sound communication between the organization and its customers. On
the other hand, Windler et al. (2017) opined that the continuous presence of an organization in
the social media platforms supports an organization creating a permanent impression in the
minds of the customers. The continuous presence of the organization in the social media
2.3. Influence of Social Media, Websites reviews, blogging, word-of-mouth on buying
behavior
The influencers like social media platforms, websites, blogging and reviews enable an
organization in drawing the attention of potential customers towards the propositions that are
made by the businesses. Quatse and Wasserman (2020) stated that the social media and
different other digital media platforms play an inactive role as an influencer to the buying intent
of the customers. Social media platforms like Facebook, Twitter and Instagram works efficiently
in creating an impression of an idea in the minds of the customers relating to a proposition that is
being made by the organizations. Moreover, the extensive use of social media platforms enable
the organizations in improving the rate of customer awareness in the different processes.
According to a statistics in a research of Harmeling et al. (2017), 16.4% of the baby
boomers undertake online shopping activities and more than 36.8% of the millennial population
are indulged in mobile purchases. Therefore, the organizations took the initiative of maintaining
their global presence through the utilization of different social or digital media platforms. It has
been noted that most of the millennial population are engaged in buying commodities after
assessing the reviews that are made by the other customers. In this connection, the organizations
have taken the initiative of improving the social media presence while increasing the customer
support related operations. Kunz et al. (2017) stated that the social media platforms work
effectively in establishing sound communication between the organization and its customers. On
the other hand, Windler et al. (2017) opined that the continuous presence of an organization in
the social media platforms supports an organization creating a permanent impression in the
minds of the customers. The continuous presence of the organization in the social media
12MARKETING STRATEGY FOR MILLENNIAL BUYERS
platforms and the reviews that are made by the other existing customers of the organization
encourages the buying behavior of the customers.
The word- of- mouth campaigning enables an organization in developing trust and
confidence among the consumers while influencing the buying behavior of the same. According
to Kannan (2017), word of mouth empowers the promotional objectives of an organization in
reduced costs. In this connection, an organization provides the best service and products to the
customers who spreads the authenticity of the propositions in the communities. It empowers the
prospective of the organization in upholding the effectiveness of the operations in accordance
with the needs of the customers. Again, the websites work towards providing a reassurance to the
customers on the quality and utility of the propositions. Akbar et al. (2017) stated that the
websites portray the establishment for the organization among the customers. A statistics
reflected in a research of Agnihotri (2016) that more than 2/3rd customers are most likely to buy
commodities from an organization having a website rather than from one having no website.
Therefore, the existence of a website of the organization supports the same in reassuring the
customers while providing the same with information.
Again, it has been noted that the purchase intent of a customer in the present era is
empowered through information (Lawrence et al. 2019). Fulgoni (2018) stated that information
supports an organization in resolving client queries and thereby gain over the trust and
confidence of the same. The use of social media platforms permit an organization in increasing
the scope of the activities while making the customers aware of the same. The awareness of the
customers might be taken as an important influencer for influencing the buying behavior of the
customers. In this connection, improving the quality of information transmission might work as
an influencer for increasing the sales volume which is considered as the primary objective of a
platforms and the reviews that are made by the other existing customers of the organization
encourages the buying behavior of the customers.
The word- of- mouth campaigning enables an organization in developing trust and
confidence among the consumers while influencing the buying behavior of the same. According
to Kannan (2017), word of mouth empowers the promotional objectives of an organization in
reduced costs. In this connection, an organization provides the best service and products to the
customers who spreads the authenticity of the propositions in the communities. It empowers the
prospective of the organization in upholding the effectiveness of the operations in accordance
with the needs of the customers. Again, the websites work towards providing a reassurance to the
customers on the quality and utility of the propositions. Akbar et al. (2017) stated that the
websites portray the establishment for the organization among the customers. A statistics
reflected in a research of Agnihotri (2016) that more than 2/3rd customers are most likely to buy
commodities from an organization having a website rather than from one having no website.
Therefore, the existence of a website of the organization supports the same in reassuring the
customers while providing the same with information.
Again, it has been noted that the purchase intent of a customer in the present era is
empowered through information (Lawrence et al. 2019). Fulgoni (2018) stated that information
supports an organization in resolving client queries and thereby gain over the trust and
confidence of the same. The use of social media platforms permit an organization in increasing
the scope of the activities while making the customers aware of the same. The awareness of the
customers might be taken as an important influencer for influencing the buying behavior of the
customers. In this connection, improving the quality of information transmission might work as
an influencer for increasing the sales volume which is considered as the primary objective of a
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
13MARKETING STRATEGY FOR MILLENNIAL BUYERS
venture. Therefore, the utilization of the social and digital media platforms supports a venture in
improving the brand image and consumer engagement in the buying process through exchange
of viable information.
3. Literature review
The changes in the organizational processes are specifically reliant on the ever- changing
buying behavior of the customers. The marketing based operations of an organization are reliant
on the effective use of social or digital media platforms. Kakkar and Nayak (2019) stated that
promotional campaigns and the establishment of the brand image of the venture particularly
permitted the venture in increasing the viability of the organizational operations in accordance to
the demand of the customers. The proposition re- engineering process of the organizations are
specifically based on the buying behavior of the customers. In this connection, it has been noted
that the continuous changes in the buying behavior increased the chances of alterations in the
operational aspects of businesses. Moreno, Carreón and Moreno (2016) stated that the online and
social presence of the businesses have contributed to the improvement of their brand image.
Brand image has been a chief influencer of the buying habits of customers from every
generation. Berger (2018) researched that the baby boomers (GenX) population are concerned
with the brand image and the social status that the same might pass on to the customers after
buying the same. On the other hand, SanMiguel, Guercini and Sádaba (2018) opined that the
millennial (GenY) population is driven towards the experience rather than brand image which
has guided the organizational operations towards the increased marketing activities and prioritize
experience over pricing.
The development of different changes in the organizational operations specifically
enables an organization in increasing the viability of the same while expanding in the different
venture. Therefore, the utilization of the social and digital media platforms supports a venture in
improving the brand image and consumer engagement in the buying process through exchange
of viable information.
3. Literature review
The changes in the organizational processes are specifically reliant on the ever- changing
buying behavior of the customers. The marketing based operations of an organization are reliant
on the effective use of social or digital media platforms. Kakkar and Nayak (2019) stated that
promotional campaigns and the establishment of the brand image of the venture particularly
permitted the venture in increasing the viability of the organizational operations in accordance to
the demand of the customers. The proposition re- engineering process of the organizations are
specifically based on the buying behavior of the customers. In this connection, it has been noted
that the continuous changes in the buying behavior increased the chances of alterations in the
operational aspects of businesses. Moreno, Carreón and Moreno (2016) stated that the online and
social presence of the businesses have contributed to the improvement of their brand image.
Brand image has been a chief influencer of the buying habits of customers from every
generation. Berger (2018) researched that the baby boomers (GenX) population are concerned
with the brand image and the social status that the same might pass on to the customers after
buying the same. On the other hand, SanMiguel, Guercini and Sádaba (2018) opined that the
millennial (GenY) population is driven towards the experience rather than brand image which
has guided the organizational operations towards the increased marketing activities and prioritize
experience over pricing.
The development of different changes in the organizational operations specifically
enables an organization in increasing the viability of the same while expanding in the different
14MARKETING STRATEGY FOR MILLENNIAL BUYERS
markets. The buying behavior of the customers and the correlation between the quality
propositions with the market trend supports an organization in increasing the sales volume. Olga
et al. (2018) stated that customer behavior towards a particular proposition, in the modern day, is
influenced by factors like brand image, price of the proposition, experience, the market presence
of the organization and the promotional campaigns that are facilitated by the business. In this
connection, an organization performs a diverse range of promotional activities for improving
brand presence in different social media platforms. The active indulgence of the companies in
different social and digital media platforms works as an assurance for the customers, while
increasing the market scope for the venture. Lukina (2016) stated that more than 79.04% of the
companies, around the world, have taken the initiative of maintaining a steady presence in the
social and digital media platforms. Again, in a different context, Hall, Towers and Shaw (2017)
stated that organizations have taken the initiative of improving their human resource skills
through continuous training and induction programs.
It has been noted that most of the customers, specifically the baby boomers, are
concerned with the quality of service and the behavior of the staff members. It has also being
observed that more than 32% of the prospective customers of an organization expect
convenience shopping and assistance while making the buying decision (Silvia 2019). Therefore,
most of the organizations have taken the initiative of introducing induction and skill
development sessions for optimizing the business operations and calibrating the same in
accordance with the changing needs of the customers. The millennial buyers are driven towards
the quality of the propositions and the experience that the proposition offers to the customers.
On the other hand, the inclination of the millennial population towards technological reforms
have assisted the businesses in improving the rate of operations. Agnihotri (2016) discussed that
markets. The buying behavior of the customers and the correlation between the quality
propositions with the market trend supports an organization in increasing the sales volume. Olga
et al. (2018) stated that customer behavior towards a particular proposition, in the modern day, is
influenced by factors like brand image, price of the proposition, experience, the market presence
of the organization and the promotional campaigns that are facilitated by the business. In this
connection, an organization performs a diverse range of promotional activities for improving
brand presence in different social media platforms. The active indulgence of the companies in
different social and digital media platforms works as an assurance for the customers, while
increasing the market scope for the venture. Lukina (2016) stated that more than 79.04% of the
companies, around the world, have taken the initiative of maintaining a steady presence in the
social and digital media platforms. Again, in a different context, Hall, Towers and Shaw (2017)
stated that organizations have taken the initiative of improving their human resource skills
through continuous training and induction programs.
It has been noted that most of the customers, specifically the baby boomers, are
concerned with the quality of service and the behavior of the staff members. It has also being
observed that more than 32% of the prospective customers of an organization expect
convenience shopping and assistance while making the buying decision (Silvia 2019). Therefore,
most of the organizations have taken the initiative of introducing induction and skill
development sessions for optimizing the business operations and calibrating the same in
accordance with the changing needs of the customers. The millennial buyers are driven towards
the quality of the propositions and the experience that the proposition offers to the customers.
On the other hand, the inclination of the millennial population towards technological reforms
have assisted the businesses in improving the rate of operations. Agnihotri (2016) discussed that
15MARKETING STRATEGY FOR MILLENNIAL BUYERS
the social media platforms play an integral role in influencing the buying behavior of the
millennial population. The millennial population is inclined towards cross checking the reviews
and thereby developing their decisions while making a purchase of any commodity. In this
connection, the different modifications in the organizational operations are reliant on the
efficient functioning of the different systems in accordance with the demand of the customers.
Ghose, Li and Liu (2019) stated that the brand image acts as a primary influencer for the
buying patterns of the customers. On the contrary, Kunz et al. (2017) opined that the social
media presence acts as an important factor in improving the trust and confidence of the
consumers. The experience based buying habits of the millennial population has significantly
improved the rate of operations while increasing the viability of the operations. It has been noted
from an observation study that around 84% of the companies around the world have initiated a
strong social media presence with the purpose of reassuring the customers while drawing the
attention of the same towards their propositions (Fuentes Fernández, Vriesekoop and Urbano
2017). The key factors that determine the marketing potential of the marketing operations of an
organization towards the millennial groups of population are based on their strong online
presence. Kannan. (2017) opined that the development of the e- commerce platforms has greatly
supported the growth and expansion of the businesses. In this connection the strong online
presence and e- commerce integration enabled the businesses in empowering the sales volume.
The millennial population are noted for their preference towards buying experience based
propositions. In this connection, the businesses have taken the initiative of improving the
technological competencies while training the employees for managing skills. Grodzki, Powers
and Burnstine (2018) stated that the different modifications in the organizational operations are
based on the engagement of skilled employees. Therefore, the organizations have taken the
the social media platforms play an integral role in influencing the buying behavior of the
millennial population. The millennial population is inclined towards cross checking the reviews
and thereby developing their decisions while making a purchase of any commodity. In this
connection, the different modifications in the organizational operations are reliant on the
efficient functioning of the different systems in accordance with the demand of the customers.
Ghose, Li and Liu (2019) stated that the brand image acts as a primary influencer for the
buying patterns of the customers. On the contrary, Kunz et al. (2017) opined that the social
media presence acts as an important factor in improving the trust and confidence of the
consumers. The experience based buying habits of the millennial population has significantly
improved the rate of operations while increasing the viability of the operations. It has been noted
from an observation study that around 84% of the companies around the world have initiated a
strong social media presence with the purpose of reassuring the customers while drawing the
attention of the same towards their propositions (Fuentes Fernández, Vriesekoop and Urbano
2017). The key factors that determine the marketing potential of the marketing operations of an
organization towards the millennial groups of population are based on their strong online
presence. Kannan. (2017) opined that the development of the e- commerce platforms has greatly
supported the growth and expansion of the businesses. In this connection the strong online
presence and e- commerce integration enabled the businesses in empowering the sales volume.
The millennial population are noted for their preference towards buying experience based
propositions. In this connection, the businesses have taken the initiative of improving the
technological competencies while training the employees for managing skills. Grodzki, Powers
and Burnstine (2018) stated that the different modifications in the organizational operations are
based on the engagement of skilled employees. Therefore, the organizations have taken the
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
16MARKETING STRATEGY FOR MILLENNIAL BUYERS
initiative of induce specific skills in the employees through different training and development
processes. According to a research by Sheikh, Shahzad and Ishak (2016), the service sectors
have primarily taken the initiative of developing employees skills to match the experience based
requirements of the millennial population. On the other hand, Berger (2018) opined that the
different technological innovations like secured online transactions and e- commerce facilities
have assisted the businesses in increasing their target base of customers. The organizations
undertake a market assessment for identifying the specific needs of the target audience.
Most of the organizations, aiming to target the millennial population, have taken the
initiative of advertising their content in different social media platforms. It has been noted that
the millennial population spends long hours in different social media platforms like Facebook,
Instagram and YouTube which would thereby enable the organizations in drawing the attention
of their prospective buyers (Naumovska 2017). The use of advertisements through different
social media platforms would thereby support an organization in increasing the rate of target
audience. On the other hand, the use of influencers that are concurrent with the social structure
would also enable the organizations in improving their marketing capability to the millennial
population. Perera and Perera (2016) stated that the millennial population prioritizes discounts
and sales offers which is one of the major criteria on which an organization invests. The
organizations have taken the initiative of creating price reductions while attracting the attention
of the millennial population with the purpose of maximizing their sales volume.
On the other hand, Grodzki, Powers and Burnstine (2018) argued that marketing to
millennial population through the showcasing of customer reviews might be one of the most
proficient marketing practices. There are different brands offering the same proposition and
every brand proclaims of providing the best quality of proposition. In this situation the reviews
initiative of induce specific skills in the employees through different training and development
processes. According to a research by Sheikh, Shahzad and Ishak (2016), the service sectors
have primarily taken the initiative of developing employees skills to match the experience based
requirements of the millennial population. On the other hand, Berger (2018) opined that the
different technological innovations like secured online transactions and e- commerce facilities
have assisted the businesses in increasing their target base of customers. The organizations
undertake a market assessment for identifying the specific needs of the target audience.
Most of the organizations, aiming to target the millennial population, have taken the
initiative of advertising their content in different social media platforms. It has been noted that
the millennial population spends long hours in different social media platforms like Facebook,
Instagram and YouTube which would thereby enable the organizations in drawing the attention
of their prospective buyers (Naumovska 2017). The use of advertisements through different
social media platforms would thereby support an organization in increasing the rate of target
audience. On the other hand, the use of influencers that are concurrent with the social structure
would also enable the organizations in improving their marketing capability to the millennial
population. Perera and Perera (2016) stated that the millennial population prioritizes discounts
and sales offers which is one of the major criteria on which an organization invests. The
organizations have taken the initiative of creating price reductions while attracting the attention
of the millennial population with the purpose of maximizing their sales volume.
On the other hand, Grodzki, Powers and Burnstine (2018) argued that marketing to
millennial population through the showcasing of customer reviews might be one of the most
proficient marketing practices. There are different brands offering the same proposition and
every brand proclaims of providing the best quality of proposition. In this situation the reviews
17MARKETING STRATEGY FOR MILLENNIAL BUYERS
assist the millennial population in making their decisions while purchasing a proposition.
Therefore, more than 92.4% of the companies have taken the initiative of showcasing the
customer reviews along with the recruitment of sales executives and customer care teams who
are entrusted with the role of influencing the decision making of the buyers (Khan and Iftikhar
2017). Again, Micu et al. (2017) stated that the application of cause marketing strategies work
as one of the most significant strategy for drawing the attention of the customers. The cause
marketing strategy draws the attention of the millennial customers towards the social cause that
the organization is supporting through every purchase, which empowered the sales volume.
Moreover, Kannan (2017) reflected in a research study that the millennial population are
mostly attracted towards the reviews that are being provided by their peers. In this connection,
organizations have taken the initiative of implementing the influencer marketing which would
assist the businesses in maintaining the effectiveness of the operations in accordance with the
demand of the customers. Therefore, the organizations have employed a series of strategies for
marketing their propositions to the millennial population which again supported the same in
improving their sales volume. The development of multi- faceted marketing campaigns has
helped the organizations in adhering to the psychological and behavioral needs of the millennial
as well as the baby boomers. The diversification of marketing strategies enabled the businesses
in empowering the improvements in the sales volume while operating from different globalized
locations.
4. Literature gap
The literature from the past studies were restricted to the utilization of social media
platforms for drawing the attention of the millennial population. The past researches developed
an idea on the manner in which the social media marketing based operations of an organization
assist the millennial population in making their decisions while purchasing a proposition.
Therefore, more than 92.4% of the companies have taken the initiative of showcasing the
customer reviews along with the recruitment of sales executives and customer care teams who
are entrusted with the role of influencing the decision making of the buyers (Khan and Iftikhar
2017). Again, Micu et al. (2017) stated that the application of cause marketing strategies work
as one of the most significant strategy for drawing the attention of the customers. The cause
marketing strategy draws the attention of the millennial customers towards the social cause that
the organization is supporting through every purchase, which empowered the sales volume.
Moreover, Kannan (2017) reflected in a research study that the millennial population are
mostly attracted towards the reviews that are being provided by their peers. In this connection,
organizations have taken the initiative of implementing the influencer marketing which would
assist the businesses in maintaining the effectiveness of the operations in accordance with the
demand of the customers. Therefore, the organizations have employed a series of strategies for
marketing their propositions to the millennial population which again supported the same in
improving their sales volume. The development of multi- faceted marketing campaigns has
helped the organizations in adhering to the psychological and behavioral needs of the millennial
as well as the baby boomers. The diversification of marketing strategies enabled the businesses
in empowering the improvements in the sales volume while operating from different globalized
locations.
4. Literature gap
The literature from the past studies were restricted to the utilization of social media
platforms for drawing the attention of the millennial population. The past researches developed
an idea on the manner in which the social media marketing based operations of an organization
18MARKETING STRATEGY FOR MILLENNIAL BUYERS
supports the same in improving customer engagement while increasing the awareness. However,
the current research will aim at developing different other practices other than the utilization of
social media platforms for improving the rate of operations of the venture. The research will
develop an understanding of the manner in which cause marketing and influencer marketing
would enable the organizations in improving their marketing standards while adhering to the
interests of the millennial population. The previous researches also did not focus on the content
that the organizations might require for facilitating social media promotions. In this connection,
the current research will take the initiative of introducing different aspects of marketing to the
millennial populations while assessing the outcome of the same.
5. Conclusion and recommendations
5.1.Conclusion
Therefore, from the above analysis it might be noted that the changing buying
preferences of the customers, over time, has mandated modifications in the marketing efforts that
are made by the businesses. The organizations assess the market environment and the
preferences of the target customers while positioning their offerings in the different localities or
the global marketplace. In this connection, the marketing operations of an organization
specifically deals with an assessment of the customer behaviors which is a critical psychological
process guiding a customer throughout the decision making process while making a buy. The
research assessed the different modifications that are initiated by the organizations in the
marketing activities for drawing the attention of the millennial populations. The assessment of
the buying behavior of both the millennial and the baby boomers have helped in developing
marketing strategies.
supports the same in improving customer engagement while increasing the awareness. However,
the current research will aim at developing different other practices other than the utilization of
social media platforms for improving the rate of operations of the venture. The research will
develop an understanding of the manner in which cause marketing and influencer marketing
would enable the organizations in improving their marketing standards while adhering to the
interests of the millennial population. The previous researches also did not focus on the content
that the organizations might require for facilitating social media promotions. In this connection,
the current research will take the initiative of introducing different aspects of marketing to the
millennial populations while assessing the outcome of the same.
5. Conclusion and recommendations
5.1.Conclusion
Therefore, from the above analysis it might be noted that the changing buying
preferences of the customers, over time, has mandated modifications in the marketing efforts that
are made by the businesses. The organizations assess the market environment and the
preferences of the target customers while positioning their offerings in the different localities or
the global marketplace. In this connection, the marketing operations of an organization
specifically deals with an assessment of the customer behaviors which is a critical psychological
process guiding a customer throughout the decision making process while making a buy. The
research assessed the different modifications that are initiated by the organizations in the
marketing activities for drawing the attention of the millennial populations. The assessment of
the buying behavior of both the millennial and the baby boomers have helped in developing
marketing strategies.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
19MARKETING STRATEGY FOR MILLENNIAL BUYERS
5.2. Recommendations
SEO operations: The SEO (Search Engine Optimization) related operations are specifically
based on improving the search results. In this connection, the companies might take the initiative
of improving their online presence through improved SEO based operations.
Development of specific content paying heed to the target audience: Content for marketing is
one of the major influencers of the buying behavior of the customers. Therefore, the
organizations must take the initiative of improving the quality of contents for maximizing
customer engagement in the different processes while operating in accordance with the specific
needs of the customers.
Improvements in social media marketing: The improvements in the social media marketing
related operations would allow the organizations in gaining an added advantage towards
attracting the attention of the millennial population, which is growing. On the other hand, the
improvements in the organizational operations are reliant on the effective functioning of the
different systems in accordance with the needs of the customers.
5.2. Recommendations
SEO operations: The SEO (Search Engine Optimization) related operations are specifically
based on improving the search results. In this connection, the companies might take the initiative
of improving their online presence through improved SEO based operations.
Development of specific content paying heed to the target audience: Content for marketing is
one of the major influencers of the buying behavior of the customers. Therefore, the
organizations must take the initiative of improving the quality of contents for maximizing
customer engagement in the different processes while operating in accordance with the specific
needs of the customers.
Improvements in social media marketing: The improvements in the social media marketing
related operations would allow the organizations in gaining an added advantage towards
attracting the attention of the millennial population, which is growing. On the other hand, the
improvements in the organizational operations are reliant on the effective functioning of the
different systems in accordance with the needs of the customers.
20MARKETING STRATEGY FOR MILLENNIAL BUYERS
References
Agnihotri, A., 2016. Extending boundaries of blue ocean strategy. Journal of Strategic
Marketing, 24(6), pp.519-528.
Akbar, F., Omar, A., Wadood, F. and Yusoff, W., 2017. Niche marketing strategy framework for
SMEs: A conceptual framework.
Berger, A.A., 2018. Marketing to Millennials. In Cultural Perspectives on Millennials (pp. 63-
73). Palgrave Macmillan, Cham.
Berraies, S., Ben Yahia, K. and Hannachi, M., 2017. Identifying the effects of perceived values
of mobile banking applications on customers: Comparative study between baby boomers,
generation X and generation Y. International Journal of Bank Marketing, 35(6), pp.1018-1038.
Chaney, D., Touzani, M. and Ben Slimane, K., 2017. Marketing to the (new) generations:
summary and perspectives.
Chivandi, A., Samuel, M.O. and Muchie, M., 2019. Social Media, Consumer Behavior, and
Service Marketing. In Consumer Behavior and Marketing. IntechOpen.
Dabija, D.C. and Lung, L., 2018, May. Millennials Versus Gen Z: Online Shopping Behaviour in
an Emerging Market. In Griffiths School of Management and IT Annual Conference on Business,
Entrepreneurship and Ethics (pp. 1-18). Springer, Cham.
Dabija, D.C., Bejan, B.M. and Tipi, N., 2018. Generation X versus millennials communication
behaviour on social media when purchasing food versus tourist services. Economics and
Management.
References
Agnihotri, A., 2016. Extending boundaries of blue ocean strategy. Journal of Strategic
Marketing, 24(6), pp.519-528.
Akbar, F., Omar, A., Wadood, F. and Yusoff, W., 2017. Niche marketing strategy framework for
SMEs: A conceptual framework.
Berger, A.A., 2018. Marketing to Millennials. In Cultural Perspectives on Millennials (pp. 63-
73). Palgrave Macmillan, Cham.
Berraies, S., Ben Yahia, K. and Hannachi, M., 2017. Identifying the effects of perceived values
of mobile banking applications on customers: Comparative study between baby boomers,
generation X and generation Y. International Journal of Bank Marketing, 35(6), pp.1018-1038.
Chaney, D., Touzani, M. and Ben Slimane, K., 2017. Marketing to the (new) generations:
summary and perspectives.
Chivandi, A., Samuel, M.O. and Muchie, M., 2019. Social Media, Consumer Behavior, and
Service Marketing. In Consumer Behavior and Marketing. IntechOpen.
Dabija, D.C. and Lung, L., 2018, May. Millennials Versus Gen Z: Online Shopping Behaviour in
an Emerging Market. In Griffiths School of Management and IT Annual Conference on Business,
Entrepreneurship and Ethics (pp. 1-18). Springer, Cham.
Dabija, D.C., Bejan, B.M. and Tipi, N., 2018. Generation X versus millennials communication
behaviour on social media when purchasing food versus tourist services. Economics and
Management.
21MARKETING STRATEGY FOR MILLENNIAL BUYERS
Fuentes Fernández, R., Vriesekoop, F. and Urbano, B., 2017. Social media as a means to access
millennial wine consumers. International Journal of Wine Business Research, 29(3), pp.269-284.
Fulgoni, G.M., 2018. Are You Targeting Too Much? Effective Marketing Strategies for
Brands. Journal of Advertising Research, 58(1), pp.8-11.
Ghose, A., Li, B. and Liu, S., 2019. Mobile targeting using customer trajectory
patterns. Management Science.
Grodzki, E., Powers, S. and Burnstine, A., 2018. Creating Advertising & Marketing Classes to
Motivate the Millennial and Generation Z Cohort.
Hall, A., Towers, N. and Shaw, D.R., 2017. Understanding how millennial shoppers decide what
to buy: Digitally connected unseen journeys. International Journal of Retail & Distribution
Management, 45(5), pp.498-517.
Harmeling, C.M., Moffett, J.W., Arnold, M.J. and Carlson, B.D., 2017. Toward a theory of
customer engagement marketing. Journal of the Academy of Marketing Science, 45(3), pp.312-
335.
Hendriyani, C. and Chan, A., 2018. Understanding the New Millennial Customer Path in the Era
of Omni-Channel Marketing in Indonesia. Review of Integrative Business and Economics
Research, 7, pp.359-367.
Inkaew, A. and Huang, C.Y., 2019. EXPLORING CONSUMER BEHAVIOR OF THAI
MILLENNIALS TOWARDS BUYING CONSUMER ELECTRONICS ONLINE. RMUTT
Global Business Accounting and Finance Review, 3(3).
Fuentes Fernández, R., Vriesekoop, F. and Urbano, B., 2017. Social media as a means to access
millennial wine consumers. International Journal of Wine Business Research, 29(3), pp.269-284.
Fulgoni, G.M., 2018. Are You Targeting Too Much? Effective Marketing Strategies for
Brands. Journal of Advertising Research, 58(1), pp.8-11.
Ghose, A., Li, B. and Liu, S., 2019. Mobile targeting using customer trajectory
patterns. Management Science.
Grodzki, E., Powers, S. and Burnstine, A., 2018. Creating Advertising & Marketing Classes to
Motivate the Millennial and Generation Z Cohort.
Hall, A., Towers, N. and Shaw, D.R., 2017. Understanding how millennial shoppers decide what
to buy: Digitally connected unseen journeys. International Journal of Retail & Distribution
Management, 45(5), pp.498-517.
Harmeling, C.M., Moffett, J.W., Arnold, M.J. and Carlson, B.D., 2017. Toward a theory of
customer engagement marketing. Journal of the Academy of Marketing Science, 45(3), pp.312-
335.
Hendriyani, C. and Chan, A., 2018. Understanding the New Millennial Customer Path in the Era
of Omni-Channel Marketing in Indonesia. Review of Integrative Business and Economics
Research, 7, pp.359-367.
Inkaew, A. and Huang, C.Y., 2019. EXPLORING CONSUMER BEHAVIOR OF THAI
MILLENNIALS TOWARDS BUYING CONSUMER ELECTRONICS ONLINE. RMUTT
Global Business Accounting and Finance Review, 3(3).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
22MARKETING STRATEGY FOR MILLENNIAL BUYERS
Kakkar, A. and Nayak, K., 2019. Analysis of Product Placement in Web Series and Its Influence
on Consumer Buying Behavior. Global Journal of Management And Business Research.
Kannan, P.K., 2017. Digital marketing: A framework, review and research agenda. International
Journal of Research in Marketing, 34(1), pp.22-45.
Kapferer, J.N. and Michaut-Denizeau, A., 2019. Are millennials really more sensitive to
sustainable luxury? A cross-generational international comparison of sustainability
consciousness when buying luxury. Journal of Brand Management, pp.1-13.
Khan, I. and Iftikhar, F., 2017. The Impact of Email Marketing, Mobile Marketing and
Retargeting on online Consumer Buying Behavior.
Kulle, J. and Hellsten, J., 2017. The Beauty of Brand Loyalty:–a case study of how marketers
view Millennials' brand loyalty in the beauty industry.
Kumar, V., Lahiri, A. and Dogan, O.B., 2018. A strategic framework for a profitable business
model in the sharing economy. Industrial Marketing Management, 69, pp.147-160.
Kunz, W., Aksoy, L., Bart, Y., Heinonen, K., Kabadayi, S., Ordenes, F.V., Sigala, M., Diaz, D.
and Theodoulidis, B., 2017. Customer engagement in a big data world. Journal of Services
Marketing, 31(2), pp.161-171.
Lawrence, J.M., Crecelius, A.T., Scheer, L.K. and Patil, A., 2019. Multichannel Strategies for
Managing the Profitability of Business-to-Business Customers. Journal of Marketing
Research, 56(3), pp.479-497.
Lukina, A., 2016. Buying Behaviour of Millennials Changing Traditional Marketing Practices.
Kakkar, A. and Nayak, K., 2019. Analysis of Product Placement in Web Series and Its Influence
on Consumer Buying Behavior. Global Journal of Management And Business Research.
Kannan, P.K., 2017. Digital marketing: A framework, review and research agenda. International
Journal of Research in Marketing, 34(1), pp.22-45.
Kapferer, J.N. and Michaut-Denizeau, A., 2019. Are millennials really more sensitive to
sustainable luxury? A cross-generational international comparison of sustainability
consciousness when buying luxury. Journal of Brand Management, pp.1-13.
Khan, I. and Iftikhar, F., 2017. The Impact of Email Marketing, Mobile Marketing and
Retargeting on online Consumer Buying Behavior.
Kulle, J. and Hellsten, J., 2017. The Beauty of Brand Loyalty:–a case study of how marketers
view Millennials' brand loyalty in the beauty industry.
Kumar, V., Lahiri, A. and Dogan, O.B., 2018. A strategic framework for a profitable business
model in the sharing economy. Industrial Marketing Management, 69, pp.147-160.
Kunz, W., Aksoy, L., Bart, Y., Heinonen, K., Kabadayi, S., Ordenes, F.V., Sigala, M., Diaz, D.
and Theodoulidis, B., 2017. Customer engagement in a big data world. Journal of Services
Marketing, 31(2), pp.161-171.
Lawrence, J.M., Crecelius, A.T., Scheer, L.K. and Patil, A., 2019. Multichannel Strategies for
Managing the Profitability of Business-to-Business Customers. Journal of Marketing
Research, 56(3), pp.479-497.
Lukina, A., 2016. Buying Behaviour of Millennials Changing Traditional Marketing Practices.
23MARKETING STRATEGY FOR MILLENNIAL BUYERS
Micu, A., Micu, A.E., Geru, M. and Lixandroiu, R.C., 2017. Analyzing user sentiment in social
media: Implications for online marketing strategy. Psychology & Marketing, 34(12), pp.1094-
1100.
Min, J.H.J., Chang, H.J.J., Jai, T.M.C. and Ziegler, M., 2019. The effects of celebrity-brand
congruence and publicity on consumer attitudes and buying behavior. Fashion and Textiles, 6(1),
p.10.
Moreno, F.M., Carreón, F.Á. and Moreno, S.M., 2016. The adoption of the green marketing in
the millennium generation. International Journal of Marketing Studies, 8(2), pp.97-104.
Naumovska, L., 2017. Marketing communication strategies for generation Y–
millennials. Business Management and Strategy, 8(1), pp.123-133.
Olga, B., David, D.D., Dhameeth, G.S., Adam, S. and Elliott, S., 2018. The Millennials: Insights
to Brand Behavior for Brand Management Strategies. 2018 WEI, p.185.
Perera, K.R.T. and Perera, G.N.R., 2016. Factors Impact on Buying Behavior towards Luxury
Fashion Products among Millennial Generation.
Quatse, J.T., Karhinen, A. and Wasserman, E.G., Inmar Youtech LLC, 2020. High-precision
customer-based targeting by individual usage statistics. U.S. Patent 10,528,975.
Samiee, S. and Chirapanda, S., 2019. International Marketing Strategy in Emerging-Market
Exporting Firms. Journal of International Marketing, 27(1), pp.20-37.
SanMiguel, P., Guercini, S. and Sádaba, T., 2018. The impact of attitudes towards influencers
amongst millennial fashion buyers. Studies in Communication Sciences, (2).
Micu, A., Micu, A.E., Geru, M. and Lixandroiu, R.C., 2017. Analyzing user sentiment in social
media: Implications for online marketing strategy. Psychology & Marketing, 34(12), pp.1094-
1100.
Min, J.H.J., Chang, H.J.J., Jai, T.M.C. and Ziegler, M., 2019. The effects of celebrity-brand
congruence and publicity on consumer attitudes and buying behavior. Fashion and Textiles, 6(1),
p.10.
Moreno, F.M., Carreón, F.Á. and Moreno, S.M., 2016. The adoption of the green marketing in
the millennium generation. International Journal of Marketing Studies, 8(2), pp.97-104.
Naumovska, L., 2017. Marketing communication strategies for generation Y–
millennials. Business Management and Strategy, 8(1), pp.123-133.
Olga, B., David, D.D., Dhameeth, G.S., Adam, S. and Elliott, S., 2018. The Millennials: Insights
to Brand Behavior for Brand Management Strategies. 2018 WEI, p.185.
Perera, K.R.T. and Perera, G.N.R., 2016. Factors Impact on Buying Behavior towards Luxury
Fashion Products among Millennial Generation.
Quatse, J.T., Karhinen, A. and Wasserman, E.G., Inmar Youtech LLC, 2020. High-precision
customer-based targeting by individual usage statistics. U.S. Patent 10,528,975.
Samiee, S. and Chirapanda, S., 2019. International Marketing Strategy in Emerging-Market
Exporting Firms. Journal of International Marketing, 27(1), pp.20-37.
SanMiguel, P., Guercini, S. and Sádaba, T., 2018. The impact of attitudes towards influencers
amongst millennial fashion buyers. Studies in Communication Sciences, (2).
24MARKETING STRATEGY FOR MILLENNIAL BUYERS
Sheikh, A.A., Shahzad, A. and Ishak, A.K., 2016. The Evolution Of E-Marketing In Business-
To-Business (B2b) Environment And Its Impact On Firm Performance. JOURNAL STUDIA
UNIVERSITATIS BABES-BOLYAI NEGOTIA.
Silvia, S., 2019. The Importance of Social Media and Digital Marketing to Attract Millennials’
Behavior as a Consumer. Marketing, 4(2).
Slootweg, E. and Rowson, B., 2018. My generation: A review of marketing strategies on
different age groups. Research in Hospitality Management, 8(2), pp.85-92.
Suntornpithug, N. and King, S., 2018, July. Investigating Perceptions of US Millennial Buyers
Versus Non-Buyers of Green Consumer Packaged Goods (CPG) across Product Categories.
In Proceedings of International Academic Conferences (No. 6509797). International Institute of
Social and Economic Sciences.
Windler, K., Jüttner, U., Michel, S., Maklan, S. and Macdonald, E.K., 2017. Identifying the right
solution customers: A managerial methodology. Industrial Marketing Management, 60, pp.173-
186.
Yan, R.N., Miller, N., Jankovska, D. and Hensley, C., 2019. Millennial Consumers’ Perceived
Consumption Values and Purchase Intentions: Examining Effects of Made in USA and
Traceability Labelling of Apparel. International Journal of Environmental and Science
Education.
Sheikh, A.A., Shahzad, A. and Ishak, A.K., 2016. The Evolution Of E-Marketing In Business-
To-Business (B2b) Environment And Its Impact On Firm Performance. JOURNAL STUDIA
UNIVERSITATIS BABES-BOLYAI NEGOTIA.
Silvia, S., 2019. The Importance of Social Media and Digital Marketing to Attract Millennials’
Behavior as a Consumer. Marketing, 4(2).
Slootweg, E. and Rowson, B., 2018. My generation: A review of marketing strategies on
different age groups. Research in Hospitality Management, 8(2), pp.85-92.
Suntornpithug, N. and King, S., 2018, July. Investigating Perceptions of US Millennial Buyers
Versus Non-Buyers of Green Consumer Packaged Goods (CPG) across Product Categories.
In Proceedings of International Academic Conferences (No. 6509797). International Institute of
Social and Economic Sciences.
Windler, K., Jüttner, U., Michel, S., Maklan, S. and Macdonald, E.K., 2017. Identifying the right
solution customers: A managerial methodology. Industrial Marketing Management, 60, pp.173-
186.
Yan, R.N., Miller, N., Jankovska, D. and Hensley, C., 2019. Millennial Consumers’ Perceived
Consumption Values and Purchase Intentions: Examining Effects of Made in USA and
Traceability Labelling of Apparel. International Journal of Environmental and Science
Education.
1 out of 25
Related Documents
Your All-in-One AI-Powered Toolkit for Academic Success.
+13062052269
info@desklib.com
Available 24*7 on WhatsApp / Email
Unlock your academic potential
© 2024 | Zucol Services PVT LTD | All rights reserved.