Decision-Making Archives – Boonmind

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The Persuasive Power of Storytelling

Behavior Business Decision-Making

How Great Storytelling Motivates Us to Take Action

Aaron Chi

December 15, 2022
6 min read

Why We're Not Made for Uncertainty

Behavior Brain Decision-Making

Why Our Brains Are Not Made for Uncertainty

Aaron Chi

August 21, 2022
5 min read

why our words get stuck at the tip of the tongue

Behavior Brain Decision-Making

Lethologica: Why Words Get Stuck at the Tip of Your Tongue

Aaron Chi

June 12, 2022
5 min read

how cognitive biases influence your decisions and behavior

Behavior Decision-Making

How Cognitive Biases Influence Your Decisions & Behavior

Aaron Chi

May 28, 2022
5 min read

Behavioral Finance Explained

Behavior Decision-Making Money

Behavioral Finance Explained: Exploring the Behavior of Money

Aaron Chi

May 7, 2022
5 min read

Why Your Brain Makes Bad Investment Decisions

Brain Decision-Making Money

Why the Brain Makes Bad Investment Decisions

Dr. Ron Cuvera

May 4, 2022
4 min read

how do modern consumers make buying decisions

Behavior Decision-Making

How Do Modern Consumers Make Buying Decisions?

Aaron Chi

April 7, 2022
7 min read

Understand Your Brain for Better Decision Making

Behavior Brain Decision-Making

How Understanding Your Brain Helps Make Better Decisions

Aaron Chi

March 26, 2022
7 min read

why decision science matters in a world of data

Behavior Brain Decision-Making

Why Decision-Making Matters in a World of Data

Aaron Chi

March 19, 2022
6 min read

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Typically in the past, marketers used the term 'ma

The modern consumer is no longer searching for thi

The modern consumer is no longer searching for things the same way as before. Some notable behaviors caused by the pandemic that may influence the modern consumer are:⁠
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Potential splurging⁠
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While in times of crisis and uncertainty, the general tendency is for a person to hold back on discretionary purchases. However, hold this long enough and the resulting consequence is an outburst spending spree. ⁠
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Growing impatience⁠
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When something is almost over, naturally we become more impatient. Mix this with doorstep deliveries from online shopping. There is a generation of consumers that simply cannot wait.⁠
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Consumers have also become more technology enabled. From sheer necessity, consumers have adopted new technologies. Naturally, this has changed the nature of how we share and discover information. ⁠
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#consumerbehavior #modernconsumer #technology

In today's marketing landscape, brands can no long

In today's marketing landscape, brands can no longer approach consumers the same way they once were expected to.⁠
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John Dewey, the famous American philosopher, and psychologist noted there were five stages that consumers went through when considering a purchase. ⁠
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The first was need recognition. Here, the consumer recognizes that there is a problem or specific need and thus will begin their search to find a product or service to satisfy this.⁠
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Once the consumer has recognized their problem or need, they will move onto stage 2 of the consumer-decision process: searching for more information.⁠
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The third stage is where they evaluate the alternatives. This is where most business can keep or lose potential customers. ⁠
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Finally, after the purchase, the consumer goes through post-purchase behaviour. This is a process that involves evaluating whether the purchase was satisfactory or not.⁠
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#consumerdecision #marketing #modernconsumer

With all these changing consumer behaviours, what

With all these changing consumer behaviours, what can businesses and brands do to survive?⁠
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In order for brands to thrive within this changing environment, they'll need to find ways to transform their business digitally. Aspects like convenience are going to play a huge factor in what people find important when making a purchase.⁠
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Moreover, this mainstream rise in online shopping leads to easier accessibility, which means companies need to be on top of their game more than ever before, as competition is now global.⁠
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With so much data being generated in today's digital world, and an assortment of tools to understand user behaviours, they must constantly optimize the user experience and are going to have to learn to be more aware of their consumer's growing needs.⁠
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#strategy #digitalmarketing #onlineshopping

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