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Successful Marketers:
-are aware of the limitations of their senses
-understand the shortcoming of their perpetual processes
-use this to knowledge to broaden and enrich the ideas and solutions they come up
with
We can only sense small part of information around us. Sensory information, we
received, are rooted in our past experiences. Thus, our brain constructs rather than
records reality.
Instincts
-If a behavior is universally present and not influenced by cultural or social factors,
then it must be biologically programmed.
-when human instincts are triggered, they are filtered through the conscious mind
and transformed from direct actions into compelling urges.
-emotions- compelling urges
Social instincts - unconsciously govern how we react and behave when we interact
with. These behaviors evolved to reinforce group bonding, cohesion & cooperation.
Authority
-In restaurants, we have managers pizza or Chef recommended. In toothpaste,
9/10 dentists uses this. AND make-up stores have saleswomen wearing doctors lab
coat.
Scarcity
- LIMITED edition
Barry Schwartz
-Increased choices leads to decreased welfare because of increase in opportunity
cost
-The more we think about the options we have passed up, the less satisfied we are
with the alternative we have chosen. And will lead to decision paralysis.
-increase in choices also lead to increase in self-criticism since you could have
chosen the right one.
Dan Ariely
Paco Underhill
Buy a tube of new GLO, Manilas most popular toothpaste, and save 40
pesos off the regular price. (added social validation)