13/08/2022
๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ๐๐๐ฌ๐ฅ๐จ๐ฐ'๐ฌ '๐๐ข๐๐ซ๐๐ซ๐๐ก๐ฒ ๐จ๐ ๐๐๐๐๐ฌ' ๐๐จ๐ซ ๐๐๐ญ๐ญ๐๐ซ '๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐' (๐๐)
American psychologist Abraham Maslow devised the "Hierarchy of Needs" theory. He created a pyramid with five categories of human needs, which he said, dictate an individualโs behavior. Although the theory was published almost 8 decades ago but it still stays true to its fundamental concept.
When we apply this theory from the modern customers' behavior point of view, we can say that they show a particular buying behavior for 3 simple reasons. Let's understand :
๐ ๐
๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ/๐๐๐ฌ๐ข๐ ๐๐๐๐๐ฌ - Customers buy to fulfill their basic/functional needs such as Air, Water, Clothing, Food, Shelter, Communication, Financial security, Transport & Safety etc. They are part of the bottom two levels of Maslow's Hierarchy Pyramid.
Therefore; the best way to enhance CX is to market these products in the way that the customers could associate themselves accordingly because in any case they will buy those products to fulfill their basic needs for survival. Brands must not resort to unnecessary gimmicks for these products/services.
๐ ๐๐๐ฅ๐จ๐ง๐ ๐ข๐ง๐ ๐๐ง๐ ๐๐๐ฅ๐-๐๐ฌ๐ญ๐๐๐ฆ ๐๐๐๐๐ฌ - Human beings are fond of creating an identity for themselves. They try to achieve this by bonding with family, friends, society, club, groups etc. And on a higher level, they also want to have self-respect, self-confidence, acknowledgement and indpenedence. All of this guides their buying behavior as they would like to buy from a brand which treat them individuals and create personalized products/services. By possessing a certain brand, they are able to make a social statement about their desired self-image.
Therefore; the brands have a great opportunity to enhance the CX through their promotions, packaging, and particularly through advertising, which show that they are meeting the above needs of the customers.
๐ ๐๐๐ฅ๐ ๐๐๐ญ๐ฎ๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐๐๐๐ฌ - At the top level of the pyramid, the supreme need of the humans is to "fulfill their full potential". They would like to be identified and philosophically or emotionally be connected with the attitude or the ethos that the brand represents (be it innovation, environmental concern, societal & governance issues etc.). We see it everyday in the behavior of the Millennials and Gen-Zers.
Therefore; the brands must look at having a revised purpose/promise of their existence in line with the self actualization needs of the customers. For this to happen they need to have a business-wide belief system that delivers the purpose/promise to the customers. This will not only make the customers feel connected with the brand but in the long run it will create customer loyalty, sustainable revenue growth and advocacy.
What say? Agree?Disagree? Please comment below.
#