Sunday, February 21, 2016

Week 7 Reading Reflection

            When I read through the article, I was surprised when the author noted that even though advertisements and commercials may capture the intended audience, sales do not always increase. The article explained that companies need to be sure that they are capturing the attention of the profit-driving audience, not just any audience. I had never really thought about how even though a company could make a perfect advertisement for a specific psychographic, it may not increase sales.
            The topic regarding ‘The Gravity of Decision Spectrum’ was slightly confusing to me. I understood the concept that the authors were trying to explain, but I didn’t really understand how to come up with specific types of segments and questions. Also, I had trouble determining which questions were ‘shallower’ or ‘deeper’ than others. The examples definitely helped explain the concept to me, but I still struggled with how to be able to come up with those specific types of segmentation tests.
            If I could ask the authors two questions, I would ask why they think corporations have been so improperly using the segmentation system, and what can corporations specifically start to do in order to get more on track in regards to properly segmenting consumers? The article thoroughly explained what corporations have been doing wrong for so long, so I would like to know why they think this happened. Also, if they have devised a solution to the issue, I would like them to explain what small steps corporations could start making to enact these differences.

            Overall, I thought that the article was very insightful, and I understood most of the points that were being made. I definitely realized that I know much less about market segmentation than I originally thought. Market segmentation is so much more dynamic and complicated than I had previously known, and it was interesting to learn more.

No comments:

Post a Comment