SlideShare a Scribd company logo
1 of 4
Download to read offline
Reviewed By:
Sharad Agarwal, Indian Institute of Management Ranchi INDIA

Review Subject: Neuromarketing in Action: How to Talk and Sell to the Brain
Patrick M. Georges , Anne-Sophie Bayle-Tourtoulou , Michel Badoc

Publisher Name: Kogan Page
Place of Publication: London
Publication Year: 2013
ISBN: 978-0749469276
Price: US $39.95
Article type: Review
Pages:240 pp.
Neuromarketing in Action: How to Talk and Sell to the Brain

Neuromarketing is referred to the application of neuro-scientific principles in marketing and
management. It has gained considerable attention from academia and practitioners in the last
decade. Neuro-Marketing in Action, gives the actionable insights, derived from rigorous neuroscientific experiments, which can be adopted by marketers to enhance their effectiveness through
the scientific managerial knowledge generated by scholars from the area of neuroscience,
behavioural science, cognitive science, management and other allied fields.
The book aptly explains its concepts through the examples of practices pursued by top European
companies. Though the book is broadly written to make marketing function and actions more
effective, the insights are equally applicable for all other functions such as human resources,
operations, communications, etc.
The books consist of 18 chapters divided into 4 parts. Part 1, “Neuromarketing or the art of selling to
the brain” consists of 3 chapters. Chapter 1 discusses the concept of marketing both from customer
and company’s point of view. It defines marketing as “The art of creating value both for the
customer and the company” (p.10).Chapter 2 appraises the readers with different parts of the brain
and their respective roles in information processing and decision making. It also introduces the
readers with the concept of Ergonomics and explains how it influences the brain of the consumer,
“Intellectual work ergonomics is the science studying human’s intellectual work to increase
productivity, satisfaction and safety” (p.26). Chapter 3 ponders further on the concept of
neuromarketing and defines it as, “It (neuromarketing) is an intelligent, focussed, marketing
oriented interpretation of major scientific text on how the brain works” (p.42)
Part 2, “Selling the marketing and organization strategy to the brains of managers and employees”
consists of two chapters. Chapter 4 focuses on internal marketing in the organization. It introduces
the readers with the concept of ‘marketing cockpit’ and ‘management cockpit’ and explains how this
concept has quickly become the interface between managers and their businesses. Chapter 5
provides advice to marketers on managing their physical and emotional fitness. It provides the
neural explanation for marketers to keep themselves fit for improving their performance of
marketing intelligence. It dwells on overcoming the issues of change and stress created in the
organizations which have even led to suicides in the organizations such as Renault and France
Telecom.
Part 3, “Improving the efficiency of the marketing action: the neuromarketing method”, consists of
eight chapters. Chapter 6 throws light on the role played by each of the five senses while the
consumer makes decision to purchase the product. “Our five senses are like red and humid skin that
must be rubbed at the right rhythm to get the customers’ attention, followed by their pleasure and
memory” (p.91).Chapter 7 elucidates the role of sex and food in meeting the fundamental needs of
consumer while they evaluate the proposition of one product over other. “Sex and Food are the two
most important needs, as they guarantee survival: food for short term individual survival and sex for
long-term survival of the species” (p.102). Chapter 8 discusses the role of six basic emotions, fear,
joy, sadness, surprise, disgust and anger in consumers and describes these as the door to the
consumer’s memory. Chapter 9 recognizes the role of consumer’s memory in their decision to
purchase a product and mentions that Neuromarketing attempts to increase the consumer’s
memory (for a product or brand) through repetitions, stories, pleasure, simultaneous and sequenced
entries. The authors give the example of brands such as Aston Martin, BMW and Dom Perignon
which were able to create successful stories in the minds of the consumers by embarking on the
adventures of James Bond. Chapter 10 deals with the importance of satisfying customers’
subconscious to make a successful sales deal. “You must become accepted by the customer’s
subconscious, because if it blocks your product there will be no sales” (p.125). Chapter 11 reiterates
the importance of satisfying customer’s reason to finally close the sales deal. As the customer is
equipped with genuine intelligence with capability to calculate and compare the value of product
satisfying customer’s conscience is of utmost importance. From the neuroscience perspective the
marketer should create an environment which removes blood from the frontal lobes of the
customer brains by using selective voices, images and décor which would lead the consumer’s
decision making in marketer’s interest. Chapter 12 depicts several examples from top companies on
how they want to apply the principle of neuromarketing in enhance their sales. It also talks of the
case of ‘Sales Point’ neuromarketing methods which is developed in collaboration with ACCOR,
Promod, Credit Suisse and other entities. Chapter 13 rehashes the role of sensory marketing in both
online and physical sales outlet. Neuro-scientifically, the lobes of the brain, located in the cerebral
hemispheres, are the receptacles of the canters responsible for the senses. The authors give the
examples of brands such as Abercrombie & Fitch, Sephora and Nespresso which focus on selected
ingredients to catch the attention of five senses for creating a genuine sensory experience for the
customers visiting their stores.
Part 4, “Perspective for today…and tomorrow” consist of 5 chapters. Chapter 14 educates the
readers with the importance of ‘Blue Ocean Strategy’ and ‘Innovation’ in promoting the future
growth of a company. It explains the concepts of invention and innovation and advocated the
innovation bases business model and positioning. “An invention is largely based on the product
policy. It becomes an innovation when it satisfies the customer’s desire” (p.189). The authors also
explain the role of customer innovation, product innovation, price innovation, distribution
innovation and communication innovation in building successful companies. Chapter 15 introduces
the readers with the concepts of ‘Desire Marketing’ and ‘Permission Marketing’. It then talks about
‘Viral Marketing’ or ‘Buzz marketing’. Through the differentiation strategy and interactive strategy,
Figure 15.1 (p.204) depicts the complete process of viral marketing from creating desire for a brand
among the consumers to influencing their policies. Chapter 16 revolves around building successful
relationships with the consumers. It gives examples of eBay and Amazon who offer a number of
testimonies and evaluations by the consumers who have already bought the product, which helps in
decision making of the new undecided consumer. Chapter 17 uses Antanio Domasio’s (Domasio,
2005) concept of ‘Somatic Markers of the brain’ to neuro-scientifically explain the concept of Brand
positioning, Brand identity and Brand Sensoriality. Chapter 18 focuses on promoting ‘legitimacy’ and
‘sustainability’ to conquer the customer’s trust as the customers brain wishes to have a clear
conscience for whatever and whenever they buy. Customers are not interested to become partners
of the firms who do not treat their stakeholders respectfully. The authors quote the example of
Orange, which apparently received several cancellation requests from customers unhappy with the
suicides happened in its parent company, France telecom.
The book presents a judicious mix of concepts from neuromarketing, marketing and corporate
strategy to educate the readers on not only building successful marketing initiatives but also on
creating sustainable long term growth strategies by satisfying long term needs of the consumers.
The book is written in a very reader friendly style, each unit starts with a brief introduction on what
the readers would see in further chapter. It also presents key points at the end of each unit which
summarizes the previous units for better understanding of the readers. Though the book is targeted
for marketing fraternity , I would recommend it for students and professionals of all managerial
functions as it provides actionable insights into various managerial functions such as managerial
communication, team building, interpersonal communication and, of course, marketing and
branding.
Reference:
Domasio, A (2005) Descartes’ Error, Penguin, New York

More Related Content

Similar to Neuromarketing in Action Reviewed

Introduction_to_Neuormarketing_and_Consu.docx
Introduction_to_Neuormarketing_and_Consu.docxIntroduction_to_Neuormarketing_and_Consu.docx
Introduction_to_Neuormarketing_and_Consu.docxsipho manana
 
Mind and Its Potential Conference Proceedings Dec 2009
Mind and Its Potential Conference Proceedings Dec 2009Mind and Its Potential Conference Proceedings Dec 2009
Mind and Its Potential Conference Proceedings Dec 2009Arun Abey
 
Report IssueLearning ObjectivesUpon completion of the cour
Report IssueLearning ObjectivesUpon completion of the courReport IssueLearning ObjectivesUpon completion of the cour
Report IssueLearning ObjectivesUpon completion of the courfelipaser7p
 
Planning. Consumer Research on Unconscious Minds
Planning. Consumer Research on Unconscious MindsPlanning. Consumer Research on Unconscious Minds
Planning. Consumer Research on Unconscious MindsMarc Sanz
 
How successful sales people read the minds of customers | Professional Capital
How successful sales people read the minds of customers | Professional CapitalHow successful sales people read the minds of customers | Professional Capital
How successful sales people read the minds of customers | Professional CapitalProfessional Capital
 
The Brand University - How to make a sustainable, successful brand
The Brand University - How to make a sustainable, successful brandThe Brand University - How to make a sustainable, successful brand
The Brand University - How to make a sustainable, successful brandMinter Dial
 
Discuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docxDiscuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docxbkbk37
 
Discuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docxDiscuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docxbkbk37
 
2355 NRW Mindlogyx E DEFDEF LR
2355 NRW Mindlogyx E DEFDEF LR2355 NRW Mindlogyx E DEFDEF LR
2355 NRW Mindlogyx E DEFDEF LRMarie-Anne Simons
 
weDevs Weekly learning session
weDevs Weekly learning sessionweDevs Weekly learning session
weDevs Weekly learning sessionNahidKomol
 
Richmond Common App Essay
Richmond Common App EssayRichmond Common App Essay
Richmond Common App EssayTamika Morris
 
The Science Behind Memorable Customer Experiences | Get SmartWebsite.pdf
The Science Behind Memorable Customer Experiences | Get SmartWebsite.pdfThe Science Behind Memorable Customer Experiences | Get SmartWebsite.pdf
The Science Behind Memorable Customer Experiences | Get SmartWebsite.pdfNileshG12
 
11th Jeddah Marketing Club, Neuromarketing by Dr.Sameh Gaber
11th Jeddah Marketing Club,  Neuromarketing by Dr.Sameh Gaber11th Jeddah Marketing Club,  Neuromarketing by Dr.Sameh Gaber
11th Jeddah Marketing Club, Neuromarketing by Dr.Sameh GaberMahmoud Bahgat
 
Product relaunch and rebranding research paper
Product relaunch and rebranding research paper Product relaunch and rebranding research paper
Product relaunch and rebranding research paper BUEntrepreneurship
 

Similar to Neuromarketing in Action Reviewed (20)

Introduction_to_Neuormarketing_and_Consu.docx
Introduction_to_Neuormarketing_and_Consu.docxIntroduction_to_Neuormarketing_and_Consu.docx
Introduction_to_Neuormarketing_and_Consu.docx
 
Brand Engram_LI
Brand Engram_LIBrand Engram_LI
Brand Engram_LI
 
Mind and Its Potential Conference Proceedings Dec 2009
Mind and Its Potential Conference Proceedings Dec 2009Mind and Its Potential Conference Proceedings Dec 2009
Mind and Its Potential Conference Proceedings Dec 2009
 
Report IssueLearning ObjectivesUpon completion of the cour
Report IssueLearning ObjectivesUpon completion of the courReport IssueLearning ObjectivesUpon completion of the cour
Report IssueLearning ObjectivesUpon completion of the cour
 
Neuro marketing an overview
Neuro marketing   an overviewNeuro marketing   an overview
Neuro marketing an overview
 
Planning. Consumer Research on Unconscious Minds
Planning. Consumer Research on Unconscious MindsPlanning. Consumer Research on Unconscious Minds
Planning. Consumer Research on Unconscious Minds
 
How successful sales people read the minds of customers | Professional Capital
How successful sales people read the minds of customers | Professional CapitalHow successful sales people read the minds of customers | Professional Capital
How successful sales people read the minds of customers | Professional Capital
 
The Brand University - How to make a sustainable, successful brand
The Brand University - How to make a sustainable, successful brandThe Brand University - How to make a sustainable, successful brand
The Brand University - How to make a sustainable, successful brand
 
Discuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docxDiscuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docx
 
Discuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docxDiscuss the logic of this model for mining fresh insight.docx
Discuss the logic of this model for mining fresh insight.docx
 
Intelligent Product
Intelligent Product Intelligent Product
Intelligent Product
 
2355 NRW Mindlogyx E DEFDEF LR
2355 NRW Mindlogyx E DEFDEF LR2355 NRW Mindlogyx E DEFDEF LR
2355 NRW Mindlogyx E DEFDEF LR
 
weDevs Weekly learning session
weDevs Weekly learning sessionweDevs Weekly learning session
weDevs Weekly learning session
 
Richmond Common App Essay
Richmond Common App EssayRichmond Common App Essay
Richmond Common App Essay
 
The Science Behind Memorable Customer Experiences | Get SmartWebsite.pdf
The Science Behind Memorable Customer Experiences | Get SmartWebsite.pdfThe Science Behind Memorable Customer Experiences | Get SmartWebsite.pdf
The Science Behind Memorable Customer Experiences | Get SmartWebsite.pdf
 
Neuromarketing
NeuromarketingNeuromarketing
Neuromarketing
 
Presentación ingles fil
Presentación ingles filPresentación ingles fil
Presentación ingles fil
 
11th Jeddah Marketing Club, Neuromarketing by Dr.Sameh Gaber
11th Jeddah Marketing Club,  Neuromarketing by Dr.Sameh Gaber11th Jeddah Marketing Club,  Neuromarketing by Dr.Sameh Gaber
11th Jeddah Marketing Club, Neuromarketing by Dr.Sameh Gaber
 
Research Whitepaper
Research WhitepaperResearch Whitepaper
Research Whitepaper
 
Product relaunch and rebranding research paper
Product relaunch and rebranding research paper Product relaunch and rebranding research paper
Product relaunch and rebranding research paper
 

Recently uploaded

WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfJamesConcepcion7
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfShashank Mehta
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAScathy664059
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverseSiemens
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdfMintel Group
 
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdfGUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdfDanny Diep To
 
Effective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold JewelryEffective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold JewelryWhittensFineJewelry1
 
Types of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfTypes of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfASGITConsulting
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...ssuserf63bd7
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressorselgieurope
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsIndiaMART InterMESH Limited
 
20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdfChris Skinner
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxmbikashkanyari
 
Pitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckPitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckHajeJanKamps
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Jiastral oracle
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Americas Got Grants
 
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...ssuserf63bd7
 

Recently uploaded (20)

WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdf
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdf
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAS
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverse
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
 
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdfGUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
 
Effective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold JewelryEffective Strategies for Maximizing Your Profit When Selling Gold Jewelry
Effective Strategies for Maximizing Your Profit When Selling Gold Jewelry
 
Types of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdfTypes of Cyberattacks - ASG I.T. Consulting.pdf
Types of Cyberattacks - ASG I.T. Consulting.pdf
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressors
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan Dynamics
 
20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
 
Pitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckPitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deck
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
 
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
Horngren’s Financial & Managerial Accounting, 7th edition by Miller-Nobles so...
 

Neuromarketing in Action Reviewed

  • 1. Reviewed By: Sharad Agarwal, Indian Institute of Management Ranchi INDIA Review Subject: Neuromarketing in Action: How to Talk and Sell to the Brain Patrick M. Georges , Anne-Sophie Bayle-Tourtoulou , Michel Badoc Publisher Name: Kogan Page Place of Publication: London Publication Year: 2013 ISBN: 978-0749469276 Price: US $39.95 Article type: Review Pages:240 pp.
  • 2. Neuromarketing in Action: How to Talk and Sell to the Brain Neuromarketing is referred to the application of neuro-scientific principles in marketing and management. It has gained considerable attention from academia and practitioners in the last decade. Neuro-Marketing in Action, gives the actionable insights, derived from rigorous neuroscientific experiments, which can be adopted by marketers to enhance their effectiveness through the scientific managerial knowledge generated by scholars from the area of neuroscience, behavioural science, cognitive science, management and other allied fields. The book aptly explains its concepts through the examples of practices pursued by top European companies. Though the book is broadly written to make marketing function and actions more effective, the insights are equally applicable for all other functions such as human resources, operations, communications, etc. The books consist of 18 chapters divided into 4 parts. Part 1, “Neuromarketing or the art of selling to the brain” consists of 3 chapters. Chapter 1 discusses the concept of marketing both from customer and company’s point of view. It defines marketing as “The art of creating value both for the customer and the company” (p.10).Chapter 2 appraises the readers with different parts of the brain and their respective roles in information processing and decision making. It also introduces the readers with the concept of Ergonomics and explains how it influences the brain of the consumer, “Intellectual work ergonomics is the science studying human’s intellectual work to increase productivity, satisfaction and safety” (p.26). Chapter 3 ponders further on the concept of neuromarketing and defines it as, “It (neuromarketing) is an intelligent, focussed, marketing oriented interpretation of major scientific text on how the brain works” (p.42) Part 2, “Selling the marketing and organization strategy to the brains of managers and employees” consists of two chapters. Chapter 4 focuses on internal marketing in the organization. It introduces the readers with the concept of ‘marketing cockpit’ and ‘management cockpit’ and explains how this concept has quickly become the interface between managers and their businesses. Chapter 5 provides advice to marketers on managing their physical and emotional fitness. It provides the neural explanation for marketers to keep themselves fit for improving their performance of marketing intelligence. It dwells on overcoming the issues of change and stress created in the organizations which have even led to suicides in the organizations such as Renault and France Telecom. Part 3, “Improving the efficiency of the marketing action: the neuromarketing method”, consists of eight chapters. Chapter 6 throws light on the role played by each of the five senses while the consumer makes decision to purchase the product. “Our five senses are like red and humid skin that must be rubbed at the right rhythm to get the customers’ attention, followed by their pleasure and memory” (p.91).Chapter 7 elucidates the role of sex and food in meeting the fundamental needs of consumer while they evaluate the proposition of one product over other. “Sex and Food are the two most important needs, as they guarantee survival: food for short term individual survival and sex for long-term survival of the species” (p.102). Chapter 8 discusses the role of six basic emotions, fear,
  • 3. joy, sadness, surprise, disgust and anger in consumers and describes these as the door to the consumer’s memory. Chapter 9 recognizes the role of consumer’s memory in their decision to purchase a product and mentions that Neuromarketing attempts to increase the consumer’s memory (for a product or brand) through repetitions, stories, pleasure, simultaneous and sequenced entries. The authors give the example of brands such as Aston Martin, BMW and Dom Perignon which were able to create successful stories in the minds of the consumers by embarking on the adventures of James Bond. Chapter 10 deals with the importance of satisfying customers’ subconscious to make a successful sales deal. “You must become accepted by the customer’s subconscious, because if it blocks your product there will be no sales” (p.125). Chapter 11 reiterates the importance of satisfying customer’s reason to finally close the sales deal. As the customer is equipped with genuine intelligence with capability to calculate and compare the value of product satisfying customer’s conscience is of utmost importance. From the neuroscience perspective the marketer should create an environment which removes blood from the frontal lobes of the customer brains by using selective voices, images and décor which would lead the consumer’s decision making in marketer’s interest. Chapter 12 depicts several examples from top companies on how they want to apply the principle of neuromarketing in enhance their sales. It also talks of the case of ‘Sales Point’ neuromarketing methods which is developed in collaboration with ACCOR, Promod, Credit Suisse and other entities. Chapter 13 rehashes the role of sensory marketing in both online and physical sales outlet. Neuro-scientifically, the lobes of the brain, located in the cerebral hemispheres, are the receptacles of the canters responsible for the senses. The authors give the examples of brands such as Abercrombie & Fitch, Sephora and Nespresso which focus on selected ingredients to catch the attention of five senses for creating a genuine sensory experience for the customers visiting their stores. Part 4, “Perspective for today…and tomorrow” consist of 5 chapters. Chapter 14 educates the readers with the importance of ‘Blue Ocean Strategy’ and ‘Innovation’ in promoting the future growth of a company. It explains the concepts of invention and innovation and advocated the innovation bases business model and positioning. “An invention is largely based on the product policy. It becomes an innovation when it satisfies the customer’s desire” (p.189). The authors also explain the role of customer innovation, product innovation, price innovation, distribution innovation and communication innovation in building successful companies. Chapter 15 introduces the readers with the concepts of ‘Desire Marketing’ and ‘Permission Marketing’. It then talks about ‘Viral Marketing’ or ‘Buzz marketing’. Through the differentiation strategy and interactive strategy, Figure 15.1 (p.204) depicts the complete process of viral marketing from creating desire for a brand among the consumers to influencing their policies. Chapter 16 revolves around building successful relationships with the consumers. It gives examples of eBay and Amazon who offer a number of testimonies and evaluations by the consumers who have already bought the product, which helps in decision making of the new undecided consumer. Chapter 17 uses Antanio Domasio’s (Domasio, 2005) concept of ‘Somatic Markers of the brain’ to neuro-scientifically explain the concept of Brand positioning, Brand identity and Brand Sensoriality. Chapter 18 focuses on promoting ‘legitimacy’ and ‘sustainability’ to conquer the customer’s trust as the customers brain wishes to have a clear conscience for whatever and whenever they buy. Customers are not interested to become partners of the firms who do not treat their stakeholders respectfully. The authors quote the example of Orange, which apparently received several cancellation requests from customers unhappy with the suicides happened in its parent company, France telecom.
  • 4. The book presents a judicious mix of concepts from neuromarketing, marketing and corporate strategy to educate the readers on not only building successful marketing initiatives but also on creating sustainable long term growth strategies by satisfying long term needs of the consumers. The book is written in a very reader friendly style, each unit starts with a brief introduction on what the readers would see in further chapter. It also presents key points at the end of each unit which summarizes the previous units for better understanding of the readers. Though the book is targeted for marketing fraternity , I would recommend it for students and professionals of all managerial functions as it provides actionable insights into various managerial functions such as managerial communication, team building, interpersonal communication and, of course, marketing and branding. Reference: Domasio, A (2005) Descartes’ Error, Penguin, New York