Showing posts with label groupon. Show all posts
Showing posts with label groupon. Show all posts

Sunday, April 15, 2012

Consumer Behavior Changes due to Technology.



Are there some "behavioral ecosystems" (driven by technology, or otherwise) and "contexts" that are simply "better" for human behavior? Are there "contexts" that "stretch" human behavior?

Executive Summary: A quick three pronged approach- a question to start us thinking about the impact technology has on the world we live in, a thought experiment to help us think through this impact, and then some quick thoughts as a check, and as an inflamatory contrast, to throw our own thinking in sharp relief. From the desk of Three-Pointers-Aren't-Just-All-Basketball.

The Question

A conversation with some bright digital media folks bubbled up this question: how has technology changed consumer behavior?

To each of us, the answer may be obvious, however, it is well worth stepping back and taking a moment to think through this as an exercise. This helps us become more aware of technology's impact on consumer behavior.

A Thought Experiment

Here is a visualization thought experiment, with apologies to the GEICO Caveman- The Neanderthal cave paintings were a "Gossip Girl" of the age.

Some Quick Answers

A wise, experienced response:
Within the framework of behavior in a country, nothing much has really changed. The context? As far back as the 80's and across the pond, folks were leveraging consumer analytics to sell financial products (Hats off, Ritesh).

Another view: Technology impact consumer behavior by 
  1. aggregating numerous individual decisions,
  2. making consumers aware of these aggregations, and,
  3. allowing game theory to have a field day via exchange of, or lack of exchange of, information.
The underlying theme across these points is the development of markets- either intra or inter country- and the development of context for human behavior.

I know, your first reaction here would be- do you really think Facebook, Twitter, and Groupon have not changed how we live? Sure, they have helped "cultures"/ "markets" evolve, by changing their context. However, have these forces of technology changed fundamental human behavior?

The Twist in The Tale

This leads a different line of thought:
  1. How is technology changing the context we live in?
  2. How does human behavior adapt to changed context?
  3. Are there really new contexts that have not existed before?
  4. Are there some contexts that are simply "better ecosystems" for human behavior than others?

What do you think?

Tuesday, March 1, 2011

Innovation and Tactics Series: Groupon Wants My Married Friend to Speed Date.

Executive Summary: A light hearted look at the marketing tactics arising out of Groupon. No, I don't mean Groupon...zi. From the Mark Twain Desk of Funny Bones at the Jeffersonian.

Groupon wants my married friend to speed date! Really! Well, technically speaking, my married friend received a groupon for speed dating. I am sure you can see the humor in that. :-)

The smart folks would jump to thinking of this as a marketing, even statistical, error. However, this could well be the Jedi mind trick of the year so far- after the cool VW darth vader superbowl ad.

How? Here are some ideas...
1. Don't your married friends keep setting you up with dates? Duh, right? You would think their persistence factor would beat any email spam marketing tool known to man, or woman.

2. Do you know what the divorce rate in the country is? This could well be a long term, relationship building strategy for a future target audience. Disclaimer: A bright, married friend suggested this when I put this up on Facebook, so don't shoot the messenger.

3. Its an error- my friend would be one of the few, or many, random, in error recipients of the sophisticated, targeted statistical model used for the promotion.

I am pretty sure you have some ideas of your own. What do you think?