Are Behavioral Economics really of any use to Marketing?
Dissecting the trend for bringing Behavioral dimensions into Marketing discussions: have they really advanced the Marketing industry? Could we use Behavioral Economics better if we understood it better?
Jason Chebib has spent years as a Client-side Marketer, consumer planner, and Marketing trainer. He will be offering new ways to consider and apply Behavioral Economics to Marketers who want that extra edge that comes from understanding consumers better than your competitors do.
What consumers say they want and need from brands isn’t always the full picture. Suzy Davidkhanian (Formerly of Macy’s) and Maru will chat about the nuances of incorporating how consumers feel, behave, and think to create deeper connections. Included will be practical tips and examples that could be applied in the future.
What makes any product or brand “ideal” in the minds of consumers? Hidden Valley Ranch reveals how they utilized behavioral science to uncover the hidden driver’s of America’s love of a creamy condiment.
Context impacts shopper behavior. Concepts tested in a vacuum don’t always transfer well to the shelf, physical or digital. Our panel will share how they have leveraged behavioral research to ensure success when a product reaches the shopper moment of truth.
As the brand embraces its sustainability initiatives, the Global Consumer Insights team is challenged in making sure the “consumer voice” is incorporated into key decision making. The team needs to understand the role that sustainability currently plays in consumers’ lives, both within the athletic industry and beyond. These insights need to reveal how the brand can meaningfully connect through storytelling opportunities in a space where authenticity is key.
Learn how Nestlé leverages behavioral research and digital tools to ensure they embrace their consumers’ voice as “true north”. We will dig into Nestlé’s successes using this powerful combination to uncover underlying causes for consumer choice, building future-forward shopper insights, and driving brand growth.
COVID drove consumer behavior, resulting in tremendous growth in certain categories and brands, despite challenges impacting loyalty and keeping up with demand. Hear from insight leaders as they share highlights from this unprecedented year and how they hope to make new consumer habits stick.
Discussion will focus on how all healthcare-related decisions have a significant emotional component and makes the case for why behavioral science approaches are critical for generating a more complete picture of physicians, patients, and their behavior. To illustrate the impact of these approaches, the discussion will describe recently-completed research that layers System 1 methods on top of standard descriptive and scalar metrics to provide a more comprehensive assessment of medical advertising. Participants also identify some of the barriers to leveraging these approaches with pharma market research and how to potentially circumvent these obstacles.
Lindsey Fieldman, Director-Brand of MIT Sloan School of Management, will be talking about how they utilized behavioral science and Protobrand’s dive into methodologies to develop new personas and inform the future of their communications strategy.
People are coping with raging pandemics, lockdowns, and uncertainty in different ways. In Canada, both Cannabis and Alcohol were designated as “essential services.” Hear from insights leaders in both industries on how people have been feeling, behaving, and thinking when it comes to these categories.
Nir Eyal is a behavioral expert and author of best-selling books including “Hooked – How to Build Habit Forming Products” and “Indistractable”. In our closing keynote he will share the behavioral secret for overcoming the Achilles’ heel of distraction and not letting technology get the best of us.
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