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 | From the Editor's Desk
The New Science of Customer Emotions When a company connects with customers’ emotions, the payoff can be huge. Yet building such connections is often more guesswork than science. To remedy that problem, the authors have created a lexicon of nearly 300 “emotional motivators” and, using big data analytics, have linked them to specific profitable behaviors. They describe how firms can identify and leverage the particular motivators that will maximize their competitive advantage and growth. The process can be divided into three phases. First, companies should inventory their existing market research and customer insight data, looking for qualitative descriptions of what motivates their customers—desires for freedom, security, success, and so on. Further research can add to their understanding of those motivators. Second, companies should analyze their best customers to learn which of the motivators just identified are specific or more important to the high-value group. They should then find the two or three of these key motivators that have a strong association with their brand. This provides a guide to the emotions they need to connect with in order to grow their most valuable customer segment. Third, companies need to make the organization’s commitment to emotional connection a key lever for growth—not just in the marketing department but across every function in the firm.
The Problem Companies know that emotions drive customer behavior, but most have little idea how to connect in ways that motivate the desired behaviors. The process is more guesswork than science.
Continued here
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WorkTransactions Between Bernard Arnault and Russian Businessman Face Scrutiny Aurelien Breeden has covered France from the Paris bureau since 2014. He has reported on some of the worst terrorist attacks to hit the country, the dismantling of the migrant camp in Calais and France\'s tumultuous 2017 presidential election. More about Aurelien Breeden
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