COMPONENTS OF SOCIO-CULTURAL ENVIRONMENT AND ITS IMPACT ON MARKETING

SOCIO – CULTURAL ENVIRONMENT

Socio-cultural environment refers to a set of beliefs, customs, practices, norms and behavior that exists within a society which describes relationship to themselves and others. Socio-cultural factors intensely influence the way people live and help determine what, where how and when customers buy a firm’s products. Socio-cultural values and beliefs influence and change the behavior of the consumer and it becomes difficult for the marketers to predict these changes.

COMPONENTS OF SOCIO-CULTURAL ENVIRONMENT AND ITS IMPACT ON MARKETING

  • Changes in lifestyles

Lifestyle relates to the natural behavior of human being whether individuals, families (households), and societies by which they make sense of their existence. This includes pattern of living, expressions, hobbies and opinions, taboos and phobias, affinities and dislikes, influencing factors and inherited traits. Lifestyle play a significant role in defining marketing decisions brands are accepted if they fit into their lifestyle and values, it becomes important for marketing firms to closely align to national cultural values and family traditions.

  • Beliefs, Values & Attitudes

Values refers to a set of principles or beliefs that guides us in making decisions about behaviors and life choices especially in terms of qualities such as honesty, ideals, integrity, and openness. Values have a greater degree of influence on the behaviour of an individual. Values are influenced by many factors, including our experiences, perceptions, parents, friends, school and religion. On the other hand, attitude is an expression, or a feeling towards a certain idea, person, or situation. Believes signify trust or confidence is placed in some person or thing.

  • Family structures and Household patterns

Family structure means the way a family is constituted. Families may differ as there is no standard family structure; families may have single parents, may have both parents and may have stepparents involved. The family is a major influence on the consumer behavior of its members. Marketers must understand family and household decisions better by examining the sociological dimensions of how families make consumer decisions. For instance, in India, we have most of the families living jointly and most of the buying decisions are made keeping the family in mind. Further parents take most of the decision about their children let it be selecting a college, life partner or a dress.

  • Social Mobility

Social mobility is ability to move up or down in the social scale. An obvious example a child of coolie who becomes a professor achieves upward social mobility. It is important for marketer to track these movements and respond accordingly, change in social class results in change in lifestyle and therefore people shift brands, products according to their social status.