In our increasingly data-driven world, it's easy to assume that decisions in government, economics, and business are made purely through rational thought. However, research in the field of behavioral economics and human psychology suggests otherwise. Decision-making...
Marketing
Understanding the Limits of Perfect Market Knowledge in Marketing
In the dynamic and ever-evolving landscape of business, the conversation around return on marketing investment (ROMI) often dominates discussions. Marketers and economists alike strive to ensure that each marketing dollar spent is optimally utilized, with a clear...
The Impact of Social Bias on Decision-Making in Marketing: Implications and Business Examples
In today’s fast-paced and interconnected world, human decision-making is influenced by more than just logical analysis or rational thinking. One of the most powerful factors in shaping our choices is social bias, where we prioritize how others perceive our decisions...
The Power of Customer Perception: Why Focusing on Emotion is Key to Long-Term Brand Success
In today’s hyper-competitive market, companies are constantly striving to differentiate themselves and capture the attention of consumers. While many businesses focus on enhancing their product specifications or justifying their objectives through data-driven...
Selling Different: Leveraging Psychology for Lasting Impact
In today’s fast-paced world, technology is advancing at an unprecedented rate. Yet, while new gadgets, apps, and tools can be replicated in a matter of months, psychological innovations remain far more durable. This is because human psychology—our motivations,...
The Role of Communication in Business: Enhancing Customer Relationships and Brand Reputation
In today’s competitive business landscape, effective communication is not just about exchanging information — it’s about fostering meaningful relationships and building a brand’s reputation. How a company communicates with its customers, employees, and the public has...
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