Neuromarketing uses brain imaging techniques to understand consumer decision making. It measures how the brain reacts to marketing stimuli and how those reactions influence purchasing behaviors. Neuromarketing is based on neuroscience, behavioral economics, and social psychology. It provides insights that contradict the traditional view of rational decision making, and instead shows that most decisions are made intuitively and unconsciously based on emotion, familiarity and processing fluency. Marketing works by leveraging these non-conscious processes through repetition, association, and novelty rather than rational persuasion.
Exposure, Attention and Interpretation -Consumer BehaviorAqib Syed
Exposure, Attention and Interpretation -Consumer Behavior
Exposure provides consumers with the opportunity to pay attention to available information but in no way guarantees it.
Exposure
Kinds of Exposure
Examples of exposure
Attention
Kinds of Attention
Examples of Attention
Interpretation
Kinds of Interpretation
Examples of Interpretation
Do you know how to use Behavioural Economics? It's a game changer. Many researchers and marketers talk about this new way of uncovering deeper, more meaningful insights – but do you actually know how to apply it?
Exposure, Attention and Interpretation -Consumer BehaviorAqib Syed
Exposure, Attention and Interpretation -Consumer Behavior
Exposure provides consumers with the opportunity to pay attention to available information but in no way guarantees it.
Exposure
Kinds of Exposure
Examples of exposure
Attention
Kinds of Attention
Examples of Attention
Interpretation
Kinds of Interpretation
Examples of Interpretation
Do you know how to use Behavioural Economics? It's a game changer. Many researchers and marketers talk about this new way of uncovering deeper, more meaningful insights – but do you actually know how to apply it?
An exploration of neuromarketing, psychology and simply brilliant quotes from Jonah Lehrer's How We Decide, Roger Dooley's Brainfluence, and Marketing Lindstrom's Buy-Ology and Brandwashed. Also a couple quotes from Douglas Rushkoff's Coercion. For more on the future of marketing see: http://www.strategylab.ca/.
In developing strong shopper marketing capabilities, organizations must pass through three stages1:
• Incubating: Testing small-scale programs with retailers, mainly tactical in nature.
• Scaling: Larger-scale, more strategic programs, generating higher returns.
• Culturally Embedding: More sophisticated programs that generate significant improvements on ROI.
Companies successfully work their way through Incubating into Scaling, but making the transition into Culturally Embedding presents bigger challenges. This is where shopper marketing sits today, on the verge of full optimization.
This is the ppt translation of the second part of 25 keys to sales & marketing, an audio portable MBA course, which has been developed by New York Times publishing,
with the contribution of some of the best known business academicians and practitioners of the contemporary world. This is only a reproduced graphical version of the same
with no commercial motive. It has been developed for better self learning and for assistance to the large community of several business practitioners & students, who are in
constant pursuit for quality stuff on-line.
An exploration of neuromarketing, psychology and simply brilliant quotes from Jonah Lehrer's How We Decide, Roger Dooley's Brainfluence, and Marketing Lindstrom's Buy-Ology and Brandwashed. Also a couple quotes from Douglas Rushkoff's Coercion. For more on the future of marketing see: http://www.strategylab.ca/.
In developing strong shopper marketing capabilities, organizations must pass through three stages1:
• Incubating: Testing small-scale programs with retailers, mainly tactical in nature.
• Scaling: Larger-scale, more strategic programs, generating higher returns.
• Culturally Embedding: More sophisticated programs that generate significant improvements on ROI.
Companies successfully work their way through Incubating into Scaling, but making the transition into Culturally Embedding presents bigger challenges. This is where shopper marketing sits today, on the verge of full optimization.
This is the ppt translation of the second part of 25 keys to sales & marketing, an audio portable MBA course, which has been developed by New York Times publishing,
with the contribution of some of the best known business academicians and practitioners of the contemporary world. This is only a reproduced graphical version of the same
with no commercial motive. It has been developed for better self learning and for assistance to the large community of several business practitioners & students, who are in
constant pursuit for quality stuff on-line.
This paper explores five shopper fallacies - assumptions we have about our shoppers that are false – and five new shopper truths that will help marketers in any industry to connect, engage, and inspire their shoppers to purchase their brands. The truths presented in this paper are relevant to any business whether packaged goods, durables, or financial services.
Perfectly Irrational: the importance of psychological validity in market rese...Angus Carbarns
Angus Carbarns, Director of Strategy at UX consultancy We Are Engines, explores key psychological biases underpinning consumer decision-making and their impact on market research and strategy. Rich in case studies and actionable take-aways, this talk should be of interest to brand managers, marketers, researchers and designers alike.
CONSUMER BEHAVIOR: THE PSYCHOLOGY OF MARKETING By Dr.Mahboob Khan PhdHealthcare consultant
One "official" definition of consumer behavior is "The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society." Although it is not necessary to memorize this definition.
Does marketing’s future lie in behavioral psychology?EpicIndiaGroup
Behavioral psychology, a science that explains how people make decisions, must be applied to marketing strategies to ensure that they are effective.
Since our target audiences have limited time and attention, marketers must understand how individuals make decisions in order to influence customers.
This is the ppt translation of the second part of 25 keys to sales & marketing, an audio portable MBA course, which has been developed by New York Times publishing, with the contribution of some of the best known business academicians and practitioners of the contemporary world. This is only a reproduced graphical version of the same with no commercial motive. It has been developed for better self learning and for assistance to the large community of several business practitioners & students, who are in constant pursuit for quality stuff on-line.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
3. Distinction between marketing and
neuromarketing
Marketing is a field devoted to influencing people to like
things, and ultimately to buy things, including things they may
not need. Marketers are aware that people have brains.
Marketing, therefore, is now and always has been devoted
to influencing brains.
Neuromarketing is a new way to measure whether and how
marketing is working. It’s based on a more realistic
understanding of how consumers’ brains operate
4. What is neuromarketing good for?
In a broad sense for 3 things:
✓ It can tell us what’s going on in people’s brains while they’re
experiencing a marketing stimulus (any marketing material
presented in a controlled research test)
✓ It can tell us how brains react to marketing stimuli
presented in different situational contexts (i.e. alone or next
to competing products, at different price points, in a store
versus online etc.)
✓ It can tell us how brains translate those reactions into
consumer decisions and behaviors (such as buying a product
or switching loyalty to a new brand)
5. Brain science and the foundations of
neuromarketing
Based on 3 areas of brain science:
Neuroscience - The study of the human nervous system, including the
brain, its anatomy, functions, and the peripheral nervous system it
controls. Neuroscience is most relevant to understanding the brain
states and physiological reactions that accompany exposure to brands,
products, and marketing materials.
Behavioral economics - The study of how people make economic
decisions in the real world. Situational influences on consumer choice
and behavior.
Social psychology - The study of how people think and act in the (real
or imagined) presence of other people.
6.
7. What we know now that we didn’t
know then
In the past marketers perceived consumers as
rational decision makers with a little bit of
irrational emotion added…
This rational consumer
model reminds me of
someone…
Live long and consume
9. And when Mr Spock shops…
• He thinks in terms of information
• He can retrieve this information, completely and accurately, at any point after he has
encountered it
• He rationally determines his preferences
• He uses cost-benefit calculations to make a purchase decision at the point of
purchase
• His preferences can be changed if, and only if, he is presented with new information
that alters his beliefs about products
• Marketing and advertising communications are messages that present rational,
logical arguments about brands and products
• The only way marketing and advertising communications can influence Mr. Spock is if
he consciously recalls their persuasive arguments.
10. Rational models for rational marketing
to rational consumers
AIDA model – Attention, Interest, Desire, Action
DAGMAR model – Awareness, Comprehension,
Conviction, Action
… and many other!
They are successful when dealing with a rational
consumer… but that happens rarely
12. Replacing the Rational Consumer
Model with the Intuitive Consumer
Model
Makes his/her decisions based on emotional responses to
situations.
Knows in his gut the right thing to do even when difficult to
articulate it clearly.
Sounds like…
McCoy? ;)
13. So when McCoy goes shopping…
• He doesn’t do a lot of deliberate thinking about the products he buys at the grocery
store
• He retrieves feelings about products and brands and — to a limited extent — factual
information, in a loose and spotty way.
• His preferences are largely implicit and based on habit, his friends’ opinions, and his
own product experience
• He makes most of his purchase decisions spontaneously and without much deliberate
thought at the point of purchase.
• His product and brand preferences can be changed, not so much by providing new
information as by changing the situation within which he does his shopping.
• Marketing and advertising can have a significant impact on Dr. McCoy, but they tend
to do so in nonconscious ways outside his awareness.
• The primary way that marketing and advertising influence Dr. McCoy is indirectly,
through repetitive association of positive themes and images with the advertised
brand or product.
14. The intuitive consumer: Non-conscious
processes underlying consumer behavior
The brain avoids spending mental effort which s the amount
of cognitive ability to act in the world (including acting as
consumers). And this notion of saving mental energy shows
itself in many ways in consumer behavior:
• Efficiency
• Novelty
• Familiarity
• Processing fluency
15. Interpreting our world efficiently
Our brains take up 3% of body weight but use
up to 20% of calories… so we had to evolve to
run it efficiently.
Daniel Kahneman and his System 1 and System 2
help us to understand an important aspect of
mental efficiency – lazy control
16. Interpreting our world efficiently
Daniel Kahneman’s System 1 and System 2
The way in which the brain produces decisions…
The conscious mindThe non-conscious mind
17. Interpreting our world efficiently
Our brains were designed to avoid using the
conscious mind unless absolutely necessary.
That is why our conscious mind (system 2) has
only lazy control over non-conscious processing
(system 1).
We are running on autopilot most if the time!!!
18. Interpreting our world efficiently
Show on few slides how does it look in real life…
Make it interesting
19. Catching our eye with novelty
Our minds don’t passively observe the world – they
proactively predict and expect
Something different from our expectations will draw our
attention.
A byproduct of attention is vigilance, because something new
and unknown may be dangerous or harmful.
As we learn more about novel things in our environment, our
orientation toward them changes. They become less novel,
and we pass from the attraction of novelty to the comfort of
familiarity.
20. Comforting us with familiarity
When something is familiar, we can allocate much
less mental effort toward it.
We like things even because of repeated exposure…
without any other reasons.
Studies show, that consumers generally unaware of
this exposure effect are quite willing to attribute (or
misarttibute) their positive feelings toward a
familiar brand it its inherent qualities.
21. Comforting us with familiarity
Understanding the power of familiarity and the mere exposure effect has at
least three big implications for marketing, advertising, and consumer
behavior:
✓ Familiarity is a key element of brand equity, accounting for much of the
marketplace advantage of leading brands
✓ Mere exposure provides a mechanism for getting a product or brand from
novel to familiar. Many marketing tactics, such as free samples or
“introductory offers,” have the effect of increasing exposure to new products,
which marketers hope will translate into familiarity, liking, and repeat
purchases
✓ Mere exposure goes a long way toward explaining why advertising works,
even when people swear that they aren’t influenced by advertising at all
22. Comforting us with familiarity
There are limits to positive emotional impact of
familiarity – liking does not increase with
repetition forever!
At some point repetition can become irritating,
boring and negative -> and we start to avoid it
Editor's Notes
Here’s a response to everyone thinking that neuromarketing is evil and tries to manipulates peoples brains… the truth is that marketing is doing the same since a long time.