This study applies the Best:Worst (Bw) Method to the Latent Class Analysis (LCA) in order to (a) identify the degree of importance the sample gives to a certain number of choice factors when one chooses the wine to be purchased for a dinner at home with friends and [b) create homogeneous sub-groups of the population in respect to the preferences shown towards these attributes. The main advantage of the Bw method, compared to other methodologies utilised to study the behaviour of consumers so far, is the higher discriminatory power in measuring the importance people give to choice factors. Secondly, this study witnesses the capability of the Bw method of giving clear and simple answers on what respondents rate as the most and least important choice attributes, also for those who are not expert in econometrics. Finally, the application of LCA to Bw scores offers several theoretical and practical advantages compared to a priori segmentation techniques. The joint usage of the Bw method with a LCA allows reaching a deeper data analysis level, thus giving more punctual and precise information on how heterogeneous the behaviour of consumers are when judging the attributes under analysis. A general overview of Bw scores shows that interviewees firstly tend to select a wine they previously tried. The second most important attribute is matching the wine with food. On the other side, there seems to be scarce concern about promotional displays in store. Another interesting aspect to underline from these results is that having an attractive front label does not seem to be an important element for the choice of a wine. This result, in fact, is in contrast with what several other researchers found. Through the segmentation analysis it has been then possible to identify three specific market segments in relation to the structure of the decisional process. The first group strongly rely on the personal experience with a wine, either personal or that of a friend. Conversely, the second segment seems to prefer the information one can find in the shop and let it easily convince to purchase those products supported by commercial activities. Finally, the third group is represented by consumers, who do not only buy according to what previously satisfied them, but who also look after specific information on food-wine pairings, grape varieties, regions of origin, recognitions awarded etc., to be collected either in a pre-purchase phase or on the back label.

La segmentazione del mercato al consumo di vno: un'applicazione del metodo Best:Worst e dell'analisi di classi latenti / L.Casini; A.M.Corsi. - In: RIVISTA DI ECONOMIA AGRARIA. - ISSN 0035-6190. - STAMPA. - anno LXIII, n. 4, dicembre 2008:(2009), pp. 483-516.

La segmentazione del mercato al consumo di vno: un'applicazione del metodo Best:Worst e dell'analisi di classi latenti

CASINI, LEONARDO;
2009

Abstract

This study applies the Best:Worst (Bw) Method to the Latent Class Analysis (LCA) in order to (a) identify the degree of importance the sample gives to a certain number of choice factors when one chooses the wine to be purchased for a dinner at home with friends and [b) create homogeneous sub-groups of the population in respect to the preferences shown towards these attributes. The main advantage of the Bw method, compared to other methodologies utilised to study the behaviour of consumers so far, is the higher discriminatory power in measuring the importance people give to choice factors. Secondly, this study witnesses the capability of the Bw method of giving clear and simple answers on what respondents rate as the most and least important choice attributes, also for those who are not expert in econometrics. Finally, the application of LCA to Bw scores offers several theoretical and practical advantages compared to a priori segmentation techniques. The joint usage of the Bw method with a LCA allows reaching a deeper data analysis level, thus giving more punctual and precise information on how heterogeneous the behaviour of consumers are when judging the attributes under analysis. A general overview of Bw scores shows that interviewees firstly tend to select a wine they previously tried. The second most important attribute is matching the wine with food. On the other side, there seems to be scarce concern about promotional displays in store. Another interesting aspect to underline from these results is that having an attractive front label does not seem to be an important element for the choice of a wine. This result, in fact, is in contrast with what several other researchers found. Through the segmentation analysis it has been then possible to identify three specific market segments in relation to the structure of the decisional process. The first group strongly rely on the personal experience with a wine, either personal or that of a friend. Conversely, the second segment seems to prefer the information one can find in the shop and let it easily convince to purchase those products supported by commercial activities. Finally, the third group is represented by consumers, who do not only buy according to what previously satisfied them, but who also look after specific information on food-wine pairings, grape varieties, regions of origin, recognitions awarded etc., to be collected either in a pre-purchase phase or on the back label.
2009
anno LXIII, n. 4, dicembre 2008
483
516
L.Casini; A.M.Corsi
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Utilizza questo identificatore per citare o creare un link a questa risorsa: https://hdl.handle.net/2158/389712
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