Applied Consumer and Business Psychology

Categories: Chartered
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About Course

This module explores the psychological principles behind consumer behavior and decision-making within business contexts. It examines how emotions, perceptions, cognitive biases, and social influences shape consumer choices and influence business strategies. Learners will gain practical insights into applying psychology to marketing, branding, customer experience, and organizational behavior to drive engagement, loyalty, and business performance.

What Will You Learn?

  • Psychological Drivers of Consumer Behavior: Understanding the psychological needs, emotions, attitudes, and beliefs that influence consumer purchasing decisions.
  • Perception, Memory, and Heuristics: How consumers’ perceptions, memory processes, and cognitive shortcuts (heuristics) impact decision-making and product choices.
  • Consumer Decision-Making Models: Insights into models such as the Engel-Kollat-Blackwell Model and Theory of Planned Behavior, explaining how consumers make choices.
  • Persuasive Techniques in Advertising: The role of emotions, storytelling, and framing in creating effective advertising campaigns.
  • Building Brand Loyalty: How psychological consistency and brand identity contribute to long-term customer loyalty.
  • Neuromarketing: The subconscious impact of design, color, and messaging on consumer behavior, and how businesses use neuroscience in marketing strategies.
  • Sales, Negotiation, and Customer Relationships: Applying psychological insights to improve sales strategies, negotiations, and build lasting customer relationships.
  • Internal Consumer Psychology: Understanding how employees "buy into" organizational goals and contribute to internal business success.
  • Ethical Considerations and Trust in Business: Exploring the psychological aspects of trust, ethics, and transparency in building business relationships and ethical decision-making.

Course Content

Consumer Behavior and Decision-Making Psychology

  • Psychological drivers of consumer behavior: needs, emotions, attitudes, and beliefs
  • The influence of perception, memory, and heuristics on purchasing decisions
  • Consumer decision-making models (e.g., Engel-Kollat-Blackwell, Theory of Planned Behavior)

Psychology in Marketing and Brand Strategy

Business Psychology in Organizational Contexts

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