Neuromarketing

Neuromarketing is a commercial marketing communication field that applies neuropsychology to market research, studying consumers' sensorimotor, cognitive, and affective responses to marketing stimuli.[1][2][3] The potential benefits to marketers include more efficient and effective marketing campaigns and strategies, fewer product and campaign failures, and ultimately the manipulation of the real needs and wants of people to suit the needs and wants of marketing interests.[4]

Certain companies, particularly those with large-scale ambitions to predict consumer behavior, have invested in their own laboratories, science personnel, or partnerships with academia. Neuromarketing is still an expensive approach; it requires advanced equipment and technology such as magnetic resonance imaging (MRI), motion capture for eye-tracking, and the electroencephalogram.[5] Given the amount of new learnings from neuroscience and marketing research, marketers have begun applying neuromarketing best practices without needing to engage in expensive testing.

  1. ^ Lee, N; Broderick, AJ; Chamberlain, L (February 2007). "What is "neuromarketing"? A discussion and agenda for future research". International Journal of Psychophysiology. 63 (2): 199–204. doi:10.1016/j.ijpsycho.2006.03.007. PMID 16769143.
  2. ^ Vlăsceanu, Sebastian (2014). "New directions in understanding the decision-making process: neuroeconomics and neuromarketing". 17: 758–762 – via Elsevier. {{cite journal}}: Cite journal requires |journal= (help)
  3. ^ Georges, Patrick M (2014). Neuromarketing in Action : How to Talk and Sell to the Brain. London: Kogan Page Ltd. pp. 9–16.
  4. ^ Agarwal, Sharad (3 June 2014). "Neuromarketing For Dummies". Journal of Consumer Marketing. 31 (4): 330–331. doi:10.1108/jcm-12-2013-0811. ISSN 0736-3761.
  5. ^ Karmarkar, Uma R. (2011). "Note on Neuromarketing". Harvard Business School (9-512-031).

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