Preview

Decision Making Behavio

Satisfactory Essays
Open Document
Open Document
266 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Decision Making Behavio
Porsche has always been known as a very high end car company. Since as early as the 1950’s, the Porsche brand was identified by consumers as one of high quality. The price range made purchasing a Porsche only affordable to the financially successful. Compared to the mindset of the average buyer of a vehicle, the buyer of a Porsche does not look for the same features. To the Porsche buyer, it is all about the class of the vehicle and how they look while driving it. Porsche has always appealed to people that are very financially stable. They work very hard to achieve their goals and show it by buying expensive things. Their goals are high and everything they buy and have will be first class. No matter if it is clothing, houses, or cars, everything will be of very expensive taste.
While analyzing the buyer decision process of a typical Porsche customer, I came to the realization that Porsche customers do not base their buying decisions on how practical a car is. The most important thing to them is how the car makes them feel and how they look driving it. Daily tasks that go along with owning a vehicle are looked at from a different perspective to a Porsche owner. Choosing a Porsche to them is like picking out clothing. It will be expensive and what they would consider good taste. Wealthy people buy Porsches because they enjoy driving them. It puts them in a class that not too many are able to join just because they are not able to afford

You May Also Find These Documents Helpful

  • Good Essays

    Decision Making

    • 496 Words
    • 2 Pages

    Capital Intensive: A business process or an industry that requires large amounts of money and other financial resources to produce a good or service. A business is considered capital intensive based on the ratio of the capital required to the amount of labor that is required. (investopedia)…

    • 496 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Decision Making

    • 477 Words
    • 2 Pages

    With freedom comes responsibility. When we first began sending messages through cyberspace, few anticipated that the digital footprint we were creating would follow us for a lifetime. Posts on Facebook that people make in junior high and high school impact hiringdecisions when they are 30.…

    • 477 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Decision-Making Process

    • 471 Words
    • 2 Pages

    A time in my life in which I had to make a personal decision was when I purchased my first home. It was a hard decision to make because I was single with four children and only one income. I have worked at my job for a year and a half and have recently gotten a raise. I was getting tired of renting and wanted a place of my own for my children.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Customers - customers love the brand Porsche identify it with quality and prestige. Also known from surveys that customers expect of a Porsche SUV car. Target customers are willing to pay in advance to get a brand identified with quality and prestige, while Porsche will provide a quality car, not much bargaining power customers.…

    • 3297 Words
    • 14 Pages
    Good Essays
  • Better Essays

    Decision Making

    • 1432 Words
    • 6 Pages

    Group decision making occurs when a specific group of people make a choice regarding a process or procedure in the work place. Group decision making can also include a group of friends getting together and making a decision where to go for the evening. Decision making can be easy, hard or somewhere in the middle; many times how hard the process is depends on the team or group of people that have to make the decision. The type of decision and the number of people the decision will affect is another aspect of decision making that can determine how hard it is to come up with a decision.…

    • 1432 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Porsche Case

    • 1015 Words
    • 5 Pages

    3) Purchase decision: Most of the Porsche buyers are not moved by information but by feelings. Because Porsche represent luxury and challenging, customer will buy it in order to make difference or out of the ordinary.…

    • 1015 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Today 's society judges people on the type of car you drive. Society does not like to admit to this but it is very true. Manufactures know this happens and targets their markets by these thoughts. For example, anyone who drives a mini van is perceived as a soccer mom. This is because the manufactures target mini vans to mothers. Anyone who drives a nice vehicle is thought to be wealthy. No one wants to be seen driving an unattractive piece of junk because of what other people will think of him or her.…

    • 2934 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Porsche Case Study

    • 436 Words
    • 2 Pages

    Porsche drivers don’t need to go through all these steps you can see above. Porsche drivers purchase their car because of the wants not the needs. Porsche’s unique and often dangerous characteristics and the brands appeal to a very narrow segment of financially successful people are some of the reasons Porsche’s customers are drawn into them. Porsche customers purchase their cars for pure enjoyment and they are not moved by the information but by feelings.…

    • 436 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Decision Making Style

    • 760 Words
    • 4 Pages

    A person has this style if they have a low tolerance for ambiguity and are efficient, rational, and logical in their way of thinking. They focus on the short term and are quick to make decisions, usually resulting in a decision that has been made with minimal information and not carefully analyzing other alternatives. Example: When a manager spots the dirt on the window, and orders the cleaner to clean the window now, that is a directive style decision-making. The cleaner has to follow the instruction, and does not need to ask for clarification.…

    • 760 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    When people see these three luxury cars, they immediately think “wow” luxurious. more often than not, though, that’s usually followed by, “but would you choose it over any of the europeans and all over the world?”…

    • 731 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Automobile and Porsche

    • 980 Words
    • 4 Pages

    b. Most of the Porsche cars are made to attract people and provide a good use…

    • 980 Words
    • 4 Pages
    Better Essays
  • Good Essays

    To begin with, as we said before, customers can now switch from premium cars to cheaper cars with almost the same features. Therefore, the switching costs are low and customers need not give up on features they like. This reinforces the customers’ bargaining power ; brands have to do more to impress and attract the consumers. Furthermore, consistently with the development of new technologies, customers are informed and more and more demanding. It is easy for them to find out if their car is environment friendly for example. However, the bargaining power of the customers is lowered by the fact that brand loyalty is really strong in the luxury market as consuming luxury products allow them to show their social status and because they are usually emotionally attached to a specific…

    • 731 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Porsches of the world will be consumed by the Chinese. With each passing year, the luxury vehicle market moves Eastward, to China, and away from the United States and Western Europe. According to a 16 page report titled “Upward Mobility: The Future of China’s Premium Car Market” by McKinsey & Company, China will overtake the U.S. as the world’s top luxury car market in seven years. It’s already heading in that direction.…

    • 331 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    El presente estudio de caso desarrolla los factores involucrados en la toma de dicha decisión y las derivadas de ella, tomando como base el texto Dr. Ing. h. c. F. Porsche AG (A): True to Brand, rev. 14 de marzo de 2007.…

    • 4371 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Decision Making

    • 1220 Words
    • 5 Pages

    How do you make lucrative decisions for a company or an organization? Decision making is the process in which you identify problems, consider alternatives, gather information and act decisively but prudently that can give you profitable outcomes for your organization. As a decision maker it involves effective techniques to accomplish your goals and make decisions that are result of an intelligent deliberation. It’s mandatory to take every decision in the light of some logical judgment to maintain the fulfillment of your organizational goals. Being rational as a decision maker involves more realistic approach and analyzes all information accurately. Rationality in decision making involves systematic step by step method in which hard quantitative data is obtained through observation or mathematical analysis. In this process rational decision maker has to weight the alternative to decide which one is promising for long term optimal outcomes. However, studies have shown most of the decision makers are unable to determine best favorable alternatives because they are unaware of decisional vision. Some people assume that rational decision making is only related to problem solving measures but in reality decision making doesn’t involves problem oriented issues only. There are number of steps involved defining rational models:…

    • 1220 Words
    • 5 Pages
    Powerful Essays

Related Topics