marketing strategy in decision making engin m. turan

11
“No body in marketing world knows this!”

Upload: engin-m-turan

Post on 29-Jun-2015

88 views

Category:

Marketing


1 download

DESCRIPTION

No body knows this in marketing world!

TRANSCRIPT

Page 1: Marketing strategy in decision making engin m. turan

“No body in marketing world

knows this!”

Page 2: Marketing strategy in decision making engin m. turan

“the Official Dogma”

• Maximize Welfare• This means maximize freedom• This means maximize choice• More choice means more freedom• More freedom means more welfare

Page 3: Marketing strategy in decision making engin m. turan

“the Official Dogma”

• Maximize Welfare• This means maximize freedom• This means maximize choice• More choice means more freedom• More freedom means more welfareX

Page 4: Marketing strategy in decision making engin m. turan

Having Too Many Options To Choose From Has Two NEGATIVE Effects:

1 It, paradoxically, produces paralysis rather than

liberation. With so many options, people find it very difficult to choose at all.

2 The second effect is that even if we manage to

overcome the paralysis and make a choise we end up less satisfied with the result of the choice than we would be if we had fewer options to choose from.

Page 5: Marketing strategy in decision making engin m. turan

you may make the best decision ever but you

probably will feel worse. It is because,

your expectations went up. *

Page 6: Marketing strategy in decision making engin m. turan

Adding options in peoples life cant help but increase the expectations people

have about how good those options will be.

Page 7: Marketing strategy in decision making engin m. turan

You hear that recently?..You can have done

better!

Page 8: Marketing strategy in decision making engin m. turan

Inner Voice Says:With a hundred different kinds of jeans on display,

there is no excuse for failure!

Page 9: Marketing strategy in decision making engin m. turan

Simply saying,Everything was better back when everything

was worse.

Page 10: Marketing strategy in decision making engin m. turan

Why? “ Because, it was actually

possible for people to have experiences that were a

pleasant surprise“

Page 11: Marketing strategy in decision making engin m. turan

The secret to satisfaction is

low expectations!

* This Is What I Believe (by Engin M. Turan) Source: Costs of Living.-Barry S.