Since Professor Richard Thaler has got Nobel in Economics for his theory about “Exuberance is Rational,” it is sort of introspection for me to sit and re-look the concepts of marketing I know. I always perceived myself as an irrational customer, that’s why I was reluctant to pay the maintenance fee for 1 year at CR7 CRUNCH when I am about to use it for 9 months. Yes, Eli (MRCB Partner in crime) found it weird, and I kept my point explaining the concept of rationality.
Prof Thomas Ramsoy did answer my question in a beautiful way that how important it is for managers and academicians to collaborate and work to achieve the purpose of grabbing “attention” of customers in the times of cognitive overload.
Neuromarketing is indeed a beautiful invention of cutting-edge technology to analyze what a consumer never shares. It indeed tells us how a consumer “behaves” in a particular situation without even consciously intended to. Learning about the brain always makes me inquisitive that how capable it is, thanks to my association to positive psychology.
It was an informative session from an eminent professor, who is also the founder of Neurons Inc, revealing the exciting facts about brain and how it is targeted in the world of marketing. In a race of seizing the pie of a customer’s market-share, how brands end up without even getting noticed.
There is no tunnel with a single way, while the time is limited and the customer is impatient. It is the matter of a couple of seconds, in which customer makes its purchasing decisions. Challenge is to focus on direct emotions, not just liking.
Nevertheless, there is a lot to learn for marketers from Neuroscience, and it is the time to “re-search” the subconscious!
If continued working with Asian Paints, today I would have completed 6 years of professional journey. It is wonderful to be at IE and starting a new adventure with hugely talented & phenomenally diverse bunch of people on earth. Sometimes, I can’t even believe that it is happening and yes, it is profoundly happening now.
Starting the first day at Segovia, a World Heritage Site by UNESCO, is famous for its cathedral, alcázar castle and its aqueduct. It is also renowned for its Romanesque art and many other outstanding buildings, including monasteries and convents. One of these convents, the Convent of Santa Cruz la Real, is currently the headquarters of IE University campus just outside the city walls in the Eresma River valley. A 12th-century building which was personally commissioned by Queen Isabella, whose figure sculpted in wood appears praying together with her husband.
The Dean, Mr. Lee Newman commenced his powerful speech about IE’s believe in dynamic learning in a continuously changing world, and infusion of “Change is attitude” DNA among its students. To “TOUGH LOVE,” and strive to bring out the best possible; (H)umanly, (S)ocially and (T)echnologically. It was already quite clear that it is going to be a tough year ahead. To challenge the limits and GO BEYOND.
IE is not traditional, and it is never going to be, it is the Business School of today!
It is the place where technology and humanity meet to create remarkable scientifically proven facts. It is amongst few places on earth where women outnumber men, where the student to faculty ratio is unbelievable, where the whole world studies in a country.
Precisely, IE School of Human Sciences and Technology is the home of 357 meticulously chosen students from 67 nationalities, who can speak 32 languages, who represent the world’s best organizations and possess the capability to become the future ambassadors.
IE demands better than the best! You work after you are done with your work. Every day begins with a challenge to give the best shot. I heard that people start in nice suits and end up in Jeans and T-Shirts. That’s TOUGH LOVE!
…..till the next BLINK, proud MRCBian! 🙂