Experiential analyses and neuromarketing recommendations

Assignment Help Business Management
Reference no: EM133170945

In this assignment, you will provide an in-depth analysis on a brand with a retail presence of your choice. The brand must be from a global company which is either:

Publicly traded

Must have retail stores

Companies which do not meet either criteria are not allowed.

This assignment has two primary components:

1. Experiential Analyses

Here, you will need to download the experiential audit sheet available here

You will use this to analyze the brand along the lines of in-person, physical retail experiences. You must visit a retail location in person to do the analysis. If you are a virtual student in a region of lockdown, please do so from memory and by finding videos of the retail location on youtube or the companies website.

You must upload the audit sheet itself. The audit is simply a note taking tool to help you write the report. We want to see what you put in the audit but please don't complete it out as if it is a report.

What does your brand do especially well?

For ONLY in-person experience, what can it improve upon, and how?

Please also feel free to include any other interesting observations or insights which came from this analysis.

2. Neuromarketing Recommendations

In this second section, you will make an informed recommendation to this brand's leadership on how they can improve, utilizing insights from the field of neuromarketing. This section is open-ended and does not need to relate to the previous section on experiential design audit. Please use neuromarketing insights from any topic in the book, or from lecture.

More specifically, this section will be an informed pitch for how and why to apply specific neuromarketing phenomena to this brand. You need to include at least two distinct neuromarketing phenomena (e.g. violation of expectation, numbing the pain of paying, neural coupling, mere exposure effect, etc.) discussed in class and included in the book.

For each of these two phenomena, you should include:

A description of this phenomenon that can be understood by an audience without a strong scientific background.

How specifically, this phenomenon should be incorporated into the company in order to improve the brand

Overall note for this assignment:

Whereas the Experiential Analysis is primarily descriptive, The Neuromarketing Recommendations should represent a persuasive pitch to the executive leadership of the company that acting on these neuromarketing concepts would improve the brand and company.

Reference no: EM133170945

Questions Cloud

Discuss the accelerators and inhibitors of adopting : Consider how open-source software and cloud computing will reshape the administrative industry. Discuss the accelerators and inhibitors of adopting these innova
How could the xyz company capitalize on this situation : Speculating with Currency Futures - How could the XYZ Company capitalize on this situation, assuming zero transaction costs
Describe what stage is toyota is on the sustainable : Describe what stage is TOYOTA is on the sustainable phase model by suzanne benn ((1) rejection, (2) non-responsiveness, (3) compliance, (4) efficiency, (5) stra
How do you plan to position your products or services : Using my answers below, Use short sentences and bullet points where possible (paragraph)?
Experiential analyses and neuromarketing recommendations : Analyze the brand along the lines of in-person, physical retail experiences. What does your brand do especially well?
Mlb team on-field swot analysis : Start the assignment by staying on point about the topic and ending the introduction with a strong statement of purpose
What are the four basic theoretical approaches : What are the four basic theoretical approaches to exchange rate determination? Describe each of the 4 theoretical approaches
Record the journal entry on september : Cullumber Buttons uses a petty cash imprest system. Record the journal entry on September 4 to establish the petty cash fund
Develop brand strategy for hybrid car : How will it be launched in the selected target market? Describe what activities will be conducted to build the image of the brand.

Reviews

Write a Review

Business Management Questions & Answers

  What are some of the advantages of the ebmgt

What are some of the advantages of the EBMgt, and how would you use it to support a recommended change?

  How is advertising a form of communication

Communication is a two-way exchange that involves sending and receiving messages. How is advertising a form of communication?

  Web analytics 2 paradigm

Briefly list and explain each key question associated with the Web Analytics 2.0 paradigm.

  Develop benefit sales packages

For the sales force, there are three alternatives when companies develop their benefit sales packages:

  Discuss the concept of merchandise returns

For the discussion in this module you are to discuss the concept of merchandise returns and inferior quality work performed by a given unit within an organization for another organizational unit. The discussion should focus on the concept of c..

  Discuss some of the barriers and risks encountered

1. Discuss some of the barriers and risks encountered by innovative companies

  Reasons behind the us financial crisis in 2007-08

Question 1. What are the reasons behind the US financial crisis in 2007-08?

  Win-win strategy and win-lose strategy

Define and briefly explain the terms 'win-win strategy' and 'win-lose strategy'.

  The advertisement of prices for attorney services

What primary ethical norm dominated the Court's consideration of the advertisement of prices for attorney services?

  Excel online structured activity-historical return

Excel Online Structured Activity: Historical Return: Expected and Required Rates of Return

  List 2 penalties a judge may impose

List 2 penalties a judge may impose on you if you fail to meet your duties under the WHS act.

  Advantages and disadvantages of entering a joint venture

Explain how the U.S. Commercial Service can help companies wanting to enter the international market. - What are some of the advantages and potential disadvantages of entering a joint venture?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd