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Perceived consumption vulnerability of elderly citizens

Perceived consumption vulnerability of elderly citizens PurposeThis study aims to explore the dimensions of perceived consumption vulnerability (PCV) for the elderly citizens (EC) in India and its consequences. Consumer vulnerability is a recent and important construct for marketers and policymakers to understand the consumption behavior of the EC.Design/methodology/approachTo achieve the study objectives, the authors conducted 50 in-depth interviews and six focus group discussions of ECs in two large cities in India. The authors used grounded theory methodology to understand the PCV construct.FindingsThe findings suggest a five-dimensional formative PCV construct with the dimensions being Physical, Financial, Social, Technological and Service Vulnerability contributing to PCV. The findings also suggest a relationship between PCV and consumption variables such as search cost, choice evaluation, consumption and overall satisfaction.Research limitations/implicationsThe major contribution of the present study is the exploration of the PCV construct for the EC and its dimensions. The propositions developed in the study could be tested in future studies using a quantitative approach.Practical implicationsThe findings call for compassion from the marketers while dealing with the ECs and a separate service strategy that addresses the specific needs of the ECs.Social implicationsThe findings call for public policy action to protect the consumption rights of the ECs to reduce their consumption vulnerability.Originality/valueThe present study is a novel attempt to explore the PCV construct and its role in defining consumer behavior of the ECs. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Qualitative Market Research: An International Journal Emerald Publishing

Perceived consumption vulnerability of elderly citizens

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1352-2752
DOI
10.1108/QMR-11-2016-0113
Publisher site
See Article on Publisher Site

Abstract

PurposeThis study aims to explore the dimensions of perceived consumption vulnerability (PCV) for the elderly citizens (EC) in India and its consequences. Consumer vulnerability is a recent and important construct for marketers and policymakers to understand the consumption behavior of the EC.Design/methodology/approachTo achieve the study objectives, the authors conducted 50 in-depth interviews and six focus group discussions of ECs in two large cities in India. The authors used grounded theory methodology to understand the PCV construct.FindingsThe findings suggest a five-dimensional formative PCV construct with the dimensions being Physical, Financial, Social, Technological and Service Vulnerability contributing to PCV. The findings also suggest a relationship between PCV and consumption variables such as search cost, choice evaluation, consumption and overall satisfaction.Research limitations/implicationsThe major contribution of the present study is the exploration of the PCV construct for the EC and its dimensions. The propositions developed in the study could be tested in future studies using a quantitative approach.Practical implicationsThe findings call for compassion from the marketers while dealing with the ECs and a separate service strategy that addresses the specific needs of the ECs.Social implicationsThe findings call for public policy action to protect the consumption rights of the ECs to reduce their consumption vulnerability.Originality/valueThe present study is a novel attempt to explore the PCV construct and its role in defining consumer behavior of the ECs.

Journal

Qualitative Market Research: An International JournalEmerald Publishing

Published: Sep 11, 2017

References