This PPT slide, part of the 98-slide Organic Growth Framework (OGF) PowerPoint presentation, presents an overview of McKinsey's Customer Decision Journey, a framework designed to illustrate the path consumers take from initial awareness to purchase and beyond. It emphasizes the cyclical nature of this journey, contrasting it with traditional linear sales models. The framework consists of 4 key phases: Initial Consideration Set, Active Evaluation, Moment of Purchase, and Post-purchase Experience.
The Initial Consideration Set marks the stage where potential customers first identify brands or products that meet their needs. This phase is critical as it sets the stage for further engagement. Next is Active Evaluation, where consumers actively research and compare options, weighing features, prices, and reviews. This is a pivotal battleground for marketers, as influencing consumer perceptions during this phase can significantly impact the eventual choice.
The Moment of Purchase is straightforward, representing the transaction itself. However, the journey doesn’t end here. The Post-purchase Experience phase is crucial for fostering customer loyalty and encouraging repeat purchases. This ongoing exposure can lead to either positive reinforcement or negative feedback, influencing future buying decisions.
The slide notes that the entire journey can vary in duration, ranging from days to months, depending on factors like product category and market maturity. This variability underscores the importance of understanding customer behavior and adapting marketing strategies accordingly. Overall, this framework provides valuable insights for organizations looking to enhance their customer engagement strategies and improve conversion rates.
This slide is part of the Organic Growth Framework (OGF) PowerPoint presentation.
This presentation is created by former McKinsey, BCG, Deloitte, EY, and Capgemini consultants. It is an emerging Growth Strategy framework that focuses on changing customer behaviors, instead of product differentiation.
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Growth Strategy Strategy Development Marketing Plan Development Customer Decision Journey Customer Loyalty Sales Feedback
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