Use SNAs to Analyze consumer behaviors – Dink family in China
Background
In China’s traditions, having a baby is the most important
task. Since the One-Child Policy was launched in China in the 1970s, Chinese family
structure and relationship have been changed. With the changes of traditional
structure, the economy grows rapidly. Family incomes have increased, coupled
with the demand for high quality lifestyle. (Xia, Xu, 2014)
More
and more couples prefer to be Dink. However, the reasons why they prefer to be
Dink are different and it also makes their lifestyle different.
One article published on Shanghai Star is as
follows: “I think I am still young and have a lot of things to do. Every day,
we are busy with our business and we have no time to bring up a child. I would
have to quit my job to give my baby a really quality life”, said 27-year-old
Wendy Chen, who got married recently. They think their total income cannot allow
them to bring up a child. Having a baby will cost a lot of money, impact work
performance, bring stress and reduce their life quality.
From the above points I have mentioned, there is
huge potential market among Dink families in China. SNAs is used to analyze their consumer behaviors for marketing, which can bring unimagined big profits for business. Therefore, I want to use SNA to analyze what kind of lifestyle they prefer and how it is related to their consumer behaviors. Then, business can analyze consumer behaviors to find out the greatest potential market in Dink families.
The data required to draw this network are couples' thoughts:
· Cost for children is
too high, not affordable
·
Responsibility for raising a child is too much, not
prepared for it
·
Too much stress, no time for children
· Both partners want
to enjoy their lives as a couple
These four data are used to divide
Dink families into four groups. And each group also has the attribute data as
follows.
AVERAGE FAMILY AGE
FAMILY INCOME(MONTHLY)
EDUCATION
LOCATION
TRAVEL TIME PER YEAR
BUYING THE LUXURY BRAND
OWN CAR
OWN HOUSE
BUYING THE LUXURY BRAND PER YEAR
Then we can create attribute data form as below,
|
AVERAGE FAMILY AGE
|
|
FAMILY INCOME(MONTHLY)
|
|
EDUCATION
|
||
1
|
20 - 30 years old
|
1
|
< $2000
|
1
|
< Bachelor
|
||
2
|
30 - 40 years old
|
2
|
$2000-$4000
|
2
|
Bachelor
|
||
3
|
40 - 50 years old
|
3
|
$4000- $7000
|
3
|
Master
|
||
4
|
50 - 60 years old
|
4
|
> $7000
|
4
|
PHD
|
||
|
LOCATION
|
|
TRAVEL EXPENSE PER YEAR
|
|
BUYING THE LUXURY BRAND PER YEAR
|
||
1
|
Beijing
|
1
|
<$1500
|
1
|
<$2000
|
||
2
|
Shanghai
|
2
|
$1500 - $3000
|
2
|
$2000-$6000
|
||
3
|
Guangzhou
|
|
3
|
$3000 - $5000
|
3
|
>$6000
|
|
4
|
Others
|
4
|
>$5000
|
||||
|
OWN CAR
|
|
|
OWN HOUSE
|
|||
1
|
NO
|
|
1
|
NO
|
|||
2
|
With loan
|
|
2
|
With loan
|
|||
3
|
Yes
|
|
3
|
Yes
|
Analysis
Combining the data together, we
can figure out Dink families’ consumption level and their lifestyles. Business
can use it to explore the market suitable for the Dink Family. Dinks have no
kids; they can spend as much as money to enjoy their life if they want.
Therefore, this is a great part of profits for business. For example, if the
majority of Dink families have travel expense per year more than $5000, travel agencies
can design luxury travel package for them.
Word Cited
Xia,
Yan and Xu Anqi. “The Changes in Mainland Chinese Families During the Social
Transition: Critical Analysis.” 2014.
<http://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1094&context=famconfacpub>
1 comment:
A good idea, and lots of attribute data about DINKs, but no network question or network analysis. You could have proposed something about a group of DINKs that, for example, work for the same company, and how their spending patterns are influenced by their similar (or different) friendships or collegial relationships.
Post a Comment