Preview

Book Report-Nudge

Good Essays
Open Document
Open Document
664 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Book Report-Nudge
Book Report “Reading Nudge”

These days, knowing ‘who customer is’ becomes more and more important in marketing. Then, to know precisely who customer is, is it enough to study marketing area based on the thought which is “human is rational”?
As a marketer, I have been conducting lots of marketing project in my working area. But, as I conducted those projects, I felt that knowing customer is very difficult. It is because sometimes customer was very rational, but in other times customer was extremely irrational. So, frankly speaking, at that time when I thought of that question, I gave up understanding customer.
In the mean time, it is a big fortune that I met a book of “Nudge”. It made me feel that maybe I got the answer that question, how can I know the customers. Reading the book, I was really enjoying a lot of example which is shown in the books, and author’s explanations
What does nudge mean in the book of “Nudge”? The author defines nudge as a soft intervention that changes the way we think about choice, and shows us how we can influence people, improving decisions about health, wealth and happiness.
Basically, I am in favor of Behavioral economics which challenges traditional Economics. Like I mentioned before, in my daily working life, I used to encounter a lot of behaviors of customer’s make me suspicious of that customer is rational?
Through this book, I could recognize a lot of example that shows human’s irrational behaviors and exert nudge to make something better. Also, in the middle of and after reading this book, I continually come up with my personal experience about nudge.
One of my experiences is about toilet paper. One day, my friend told me that the amount of using toilet paper can be different depending on how to hang it. He explained that people tend to use more toilet paper when it hangs with rolling part being front(not back). It sounds minor things, but it makes me recognize that there are a lot of things making our daily life

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Mkt/571 Week1

    • 646 Words
    • 3 Pages

    Marketing deals with identifying and meeting human and social needs. One of the shortest definitions of marketing is “meeting needs profitably (University of Phoenix Library, 2013)”. The management of the company needs to take in the consideration that there are different customer segments with different expectations. Some of them are interested in low prices while another’s are concerned with the quality of the service.…

    • 646 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Hsa 505 Assignment 3

    • 2334 Words
    • 10 Pages

    In any kind of business, a customer is always considered as the greatest asset. No business can survive without customers. This is the reason why businesses, organisations and companies must ensure that they win the attention of their customer through the use of customer satisfaction strategies. There are many different ways in which customers can be attracted and retained. One of the most common ways is through offering goods and services which are of high quality to the customers. Customers are always on the lookout for business persons who can offer them value for their money.…

    • 2334 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Marketing is above all satisfying customer needs and as competition grows fiercer and fiercer, understanding customers today is crucial; but that is not enough. Under the marketing concept, companies try to gain competitive advantage by satisfying target consumer needs better than competitors do, and in achieving this, ensure their own survival.…

    • 5258 Words
    • 22 Pages
    Better Essays
  • Better Essays

    Nudging Research Paper

    • 1711 Words
    • 7 Pages

    As Bovens wrote in his article “Why couldn’t I be nudged to dislike a Big Mac,” he distinguishes between the conceptions of nudging and prodding. While nudging pushes people towards making certain decisions, prodding is fundamentally trying to control people. He also discusses the ethics behind health campaigns that are targeted towards making people stop eating Big Macs from McDonalds, as they are unhealthy. Even though this type of a prod is helping people in the long run, there needs to be a classification between when self-determination must be valued. In general, nudging is different from subliminal images as it is not a hidden fact that people are being manipulated as long as they become aware of…

    • 1711 Words
    • 7 Pages
    Better Essays
  • Good Essays

    dffasdfs asdf asd

    • 1342 Words
    • 6 Pages

    Irrespective of whether a business' customers are consumers or organizations, it is the job of marketers to understand the needs of their customers. In doing so they can develop goods or services which meet their needs more precisely than their competitors.…

    • 1342 Words
    • 6 Pages
    Good Essays
  • Best Essays

    Aldi in Australia - 1

    • 2780 Words
    • 12 Pages

    Customers play an essential role in a company’s marketing. Marketing decision makers always make a strategy to attract their target customers and try to establish a close and positive relationship with them. According to Kotler and Armstrong (2005, p. 124), “Customer markets consist of individuals and households that buy goods and services for personal consumption”. Therefore, a company’s executive officer may make a targeted strategy to satisfy one or more specific groups of consumers.…

    • 2780 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    diversity training teach

    • 7319 Words
    • 23 Pages

    Customer plays an important role in the marketing piece of business. Marketing brings a customer in and customer keeps them coming back. While a growing business needs to constantly capture new customers, the focus and priority should be on pleasing and keeping existing customer base. Companies that fail to nurture and retain their customer base ultimately fail.…

    • 7319 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    FOCUS OF ESSAY Throughout this essay, the behaviourist approach will be evaluated and compared with the Humanistic approach, both of which are of invariably different concepts to one another. A number of case studies and psychological experiments will be considered in order to fully assess the approach in it’s complexity.…

    • 916 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Marketing strategy relies moderately on information gained through the analysis of customers. Determining their needs and wants, how they will react to prices, how they will attach value to the product or service they purchase, and how to choose between brands to name a few. This information creates guidelines and reference points for managers to work with. The key to effective marketing is to be accurate and precise when analyzing customers, and this doesn’t come easy to marketing managers. The analysis of a customer has many distinctive characteristics. Some customers know what they want, while others may not know exactly what they want. Customer behavior and the entire thought process customers go through before making a purchase is a piece of the puzzle that marketers can sometimes not encrypt. Establishing a constructive means for understanding the needs and wants of a customer doesn’t always fare…

    • 2331 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    such as littering, individuals might not always actively consider what the right behaviour should be. In this case, nudges are designed to activate a desired behaviour or…

    • 4364 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    In this essay I shall explain what the behaviorist approach is. In order to do this I shall be examining the historical perspective of behaviourism.…

    • 3308 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Effective Marketing firm requires insights into consumer’s mind in order to succeed sustainably in today’s cut- throat competitive world.…

    • 3870 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    Supply Management

    • 481 Words
    • 2 Pages

    Knowing your customers means knowing who your customers are, what their needs are, and the means by which you communicate with them.…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Psychology Concepts

    • 578 Words
    • 3 Pages

    Positive reinforcement, the term means to strengthen, and is used in psychology to refer to anything stimulus which strengthens or increases the probability of a specific response. For example, if you want to train your dog to sit on command, you could give the dog a treat every time he sits for you. The dog will eventually figure out and understand that sitting when told to will ultimately end in getting a…

    • 578 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Power Of Persuasion

    • 900 Words
    • 4 Pages

    Nearly all of us are bombarded with advertisements and situations that attempt to influence our decisions. Many of us face these instances multiple times a day. However, it is how we handle such persuasive situations that truly matters. Robert Levine, author of The Power of Persuasion, draws attention to these ways in which people use persuasion to influence the choices of others.…

    • 900 Words
    • 4 Pages
    Good Essays