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Conclusions and
                                           recommendations


      “Consumer
     satisfaction”
                                                                                Introduction and
                                                                                   background



                                      Neuromarketing: A
                                       layman’s look at
                                     neuroscience and its
                                     potential application
Criticisms                               to marketing
                                            practice                               Limitations of
                                                                                   conventional
                                                                                     marketing
                                                                                    techniques




                    Preliminary
                findings and their                            Tools and
                     practical                           limitations of tools
                   implications
Limitations in Conventional Marketing
              Techniques
   Conventional Marketing Techniques                      Neuromarketing

Explanations of market behaviour largely     Use science to establish links between
based on inference and assumptions.          specific brain parts and the urge to buy –
                                             less uncertainty

Inaccuracy in research findings –            Greater precision, higher rate of marketing
researcher effect, consumers not truthful.   success.


Unable to explain the subconscious and       Able to access and detect subconscious
emotional motives.                           predispositions.
Advertising
                          effectiveness


                         Product appeal


Practical Implications
                           Celebrity
based on Preliminary
                         endorsements
       Findings


                         Brand selection



                         Media selection
Criticisms

• Knowing the structure of the brain does not
  necessarily illustrate how the brain works.
  (Medina, 2004)
• Population diversity – findings cannot be
  generalized.
• Ethical issues

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neuromarketing academic journal review

  • 1. Conclusions and recommendations “Consumer satisfaction” Introduction and background Neuromarketing: A layman’s look at neuroscience and its potential application Criticisms to marketing practice Limitations of conventional marketing techniques Preliminary findings and their Tools and practical limitations of tools implications
  • 2. Limitations in Conventional Marketing Techniques Conventional Marketing Techniques Neuromarketing Explanations of market behaviour largely Use science to establish links between based on inference and assumptions. specific brain parts and the urge to buy – less uncertainty Inaccuracy in research findings – Greater precision, higher rate of marketing researcher effect, consumers not truthful. success. Unable to explain the subconscious and Able to access and detect subconscious emotional motives. predispositions.
  • 3. Advertising effectiveness Product appeal Practical Implications Celebrity based on Preliminary endorsements Findings Brand selection Media selection
  • 4. Criticisms • Knowing the structure of the brain does not necessarily illustrate how the brain works. (Medina, 2004) • Population diversity – findings cannot be generalized. • Ethical issues