An Operational Structure for Assessing Industrial Response to Marketing Strategy

Cover An Operational Structure for Assessing Industrial Response to Marketing Strategy
An Operational Structure for Assessing Industrial Response to Marketing Strategy
Jean Marie Choffray
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4 The Group Decision Model 4. 4 . A Purp ose The last element of the industrial market response model is the group decision model which maps individual choice probabilities into an estimate of the group probability of choice: Pg(a ;A) = z{P (a ;A I FEASIBLE, EVOKED), i= 1, ... , r}.
Here index i covers all participant categories that are consistently involved in the purchasing process within a microsegment of the potential market.
4. 4. B. Analytical Structure The authors (see Choffray and Lili
...en [6]) propose four classes of descriptive probabilistic models of group decision-making. They -18- distinguish a Weighted Probability model, a Proportionality Model, a Unanimity Model and an Acceptability Model. These models encompass a wide range of possible patterns of Interaction between decision participant categories and offer representation of this process for most industrial buying decisions. Depending on the manager's understanding of the interaction process within a particular microsegment, any of these models, or a combination of them can be used to assess group choice.

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