Market-research
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Places where we buy: a very important topic.
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A very useful technical analysis book on stock market

Packaged Facts does it again
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Classical MBA litteratureIf you have missed this basic fact, do read this book, it explains in rather boring terms why it is so.
Personally I think they put to much emphasis on time as a competitive advantage, and tend to disregard other factors, equally important. A more relevant reading would in my opinion be D'Aveni's Hypercompetition, that takes the concept to its logical conclusion, which Hoult and Stalk misses.
Unfortunately, neither of the authors are very entertaining writers, especially as this book is usually mandatory/recommended reading in most MBA classes on strategy.
In conclusion, good, once revolutionary, but today mostly over-rated.
The Best Articulation of the Case for More SpeedMany companies have had trouble implementing this concept in the way it is articulated. They simplify their process, but may not improve it. This may mean that new products arrive in the market that are not really ready for the customers. That can be all right if you can quickly fine-tune the products in beta tests and the customers have that expectation because you are giving them so much benefit anyway. If you do this with me-too products that don't work, the results can be disastrous in terms of damage to your company's reputation and customer relationships.
The authors do not spend enough time on helping people understand how to improve their processes, and how to create more speed without killing stress on the people involved. For many companies, this book can be dangerous. I think this book could use a new edition that would address these two areas in more detail.
On the other hand, if you have any doubts about the potential benefits from speedier action, you should read this book. It will change your mind using excellent examples.
Have a speedy read!
superior insight on how to change a cost focus to time
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At Last! A book that addresses the customer's whole mindJerry Zaltman's 'How Customers Think' offers fresh insights into why companies are increasingly frustrated by consumer research. Drawing on contemporary brain research, he exposes fatal flaws in the hallowed premise in traditional consumer research that asking customers about their motivations is the best way to get clues about their future behavior.
Zaltman points out that surveys, questionnaires and focus groups fail to get behind the curtains of consciousness. This can prove fatal for a marketing program because at least 90% of mental activity that leads to perceptions, thinking and decisions takes place outside the conscious mind.
However, traditional research and marketing largely ignores the contents of the unconscious mind. Why is this so, when contemporary brain research has learned that this is where motivations as well as perceptions and decisions originate? Because lacking an understanding of how minds work, researchers and marketers must depend by default on consumers' conscious rational responses. However, disconnects between what consumers consciously think and what they feel at deeper levels often lead to marketplace failure.
Zaltman reconnects the emotional, feeling dimension of consumers' minds (right brain as it were) with the perceiving, thinking (left brain) dimension of their minds to yield a holistic picture of customers' minds.
Marketing often fails expectations because undue attention is given the contents of the rational left brain that respondents disgorge in traditional consumer research. Zaltman observes that researchers and marketers widely ignore the deep shadowy realm of motivating emotions because it is easier to record, process and analyze what consumers say directly about their needs and motivations.
Zaltman observes that recent brain research shows that emotional arousal is essential to the generation of sustained interest in a matter. Brain patients whose emotional capabilities have been destroyed while still having normal reasoning powers cannot determine whether one brand or another is best for them. Brand loyalty, it seems, is determined more by emotional responses than by rational analysis.
Zaltman shows how to get better guidance than direct questioning of them yields about what will stir consumers' emotions. In doing this he addresses one of the most curious defects in traditional research and marketing: decisions are more often determined by the rules of statistical math than by tenets of behavior science. However, this should not be surprising because few marketers have grounding in how minds work. After all, a person can earn an MBA in marketing without a single course in behavior.
If the primary functional purpose of marketing is getting the attention of minds and influencing them to action, then it should follow that a deeper understanding of how minds work will make marketers more effective in doing that. However, with Zaltman's book in hand, one needs not go back to school for a degree in psychology to gain a practical understanding of how customers' minds work.
A word of caution, however: This book is to be studied, not scanned. It does not offer the simple, sound bite-sized solutions that are so commonplace in marketing books and that make them quickly forgettable. Zaltman's book will not be forgettable to any person who makes a study of his book because he/she will experience a quantum leap in understanding how customers think.
How Marketing and Consumers' Minds Interact: A New ParadigmThis book is certainly outstanding but I recommend it only to those who are (a) corporate marketing managers, (b) principals, account supervisors, and account managers in advertising agencies, and (c) students enrolled in MBA programs, preferably if read in combination with Joseph Murphy's The Powers of Your Subconscious Mind. Zaltman makes significant demands on his reader as he explores with meticulous care how all people (not only customers) function both on the conscious and subconscious level. He identifies and applies a number of key terms such as cognitive unconscious, metaphor elicitation, response latency, and neuroimagining. He explains the Metaphor-Elicitation process, how to use a Consensus Map, and memory's "fragile power." For me, some of the most interesting and most valuable material is provided in Chapter Nine ("Memory, Metaphor, and Stories") and Chapter Ten ("Stories and Brands"), in part because I am especially interested in organizational symbols, rituals, and traditions. Zaltman shifts his and his reader's attention to "Crowbars for Creative Thinking" (a terrific chapter title) following by the final two chapters in which he (somehow) reviews and then integrates all of his key concepts while explaining how and why "Quality Questions Beget Quality Answers" and how to launch a "New Mind-Set."
I hope you have noted my frequent use of "how to" while briefly reviewing the range of subjects embraced by Zaltman's own intellect as he takes a "frank" look at the state of marketing today, introduces and analyses a "new paradigm" through examples of "how companies today apply the paradigm's principles, with remarkable results," and (in Part III) expands the perspective beyond customers' and consumers' thinking. Specifically, Zaltman shows managers ten ways to "break out of the box" when thinking about consumers and marketing -- and how they can help their colleagues to do the same. In Chapter 12, he suggests that new ways of thinking begin with better ways of asking questions and offers eight guidelines. Then in Chapter 13, Zaltman offers a word of caution about regressing into "business as usual" attitudes and practices, to what Jim O'Toole has characterized as "the ideology of comfort and the tyranny of custom." Zaltman views his book as a "starting point" for better representing (and understanding) the "mind of the market," which is to say both the conscious and subconscious mind of the given customer or consumer.
Zaltman's reference to a "starting point" can be interpreted in quite different ways. Some may conclude that he is suggesting that his book offers an appropriate "starting point" for those in need of books about marketing. In m y opinion, that is not his intention. (My own recommendations would be Theodore Levitt's The Marketing Imagination, Ries and Trout's Positioning, and Harvard Business Review on Marketing. After a careful reading of those two volumes, Zaltman's book will be much more accessible.) Rather, I think Zaltman's use of the term "starting point" has quite a different purpose: To suggest (and I agree) that mankind's efforts to understand what the mind is, how it works, etc. have only just begun...especially with regard to efforts to understand how and why customers think. Our "voyage from the familiar" has only begun.
This is one of several books I felt obliged to re-read at least once before attempting to formulate a review of it. (Others include Edelman's Bright Air, Brilliant Fire and Pinker's How the Mind Works.) Earlier, I suggested that this brilliant but challenging book would be of greatest value to those who are (a) corporate marketing managers, (b) principals, account supervisors, and account managers in advertising agencies, and (c) students enrolled in MBA programs. I'll go with that, taking this opportunity to thank Gerald Zaltman for a uniquely thought-provoking as well as informative intellectual experience. How well I apply what I think I have learned from him has yet to be determined. Frankly, my own journey of discovery is only at its "starting point."
Advertising and Neurology Brought TogetherConsumers conscious thoughts are only 5% of their thinking, so it is often that most research doesn't address the incredibly important 95%. Zaltman explains how to do it and how to do it effectively, of course plugging his own firm here and there.
Being in a big ad agency, I know that most work isn't produced with solid research behind it, but instead for a client who has "dictated" what the advertising needs to do or how it should appeal to consumers. The best account planners and managers can take the knowledge from this book and guide their clients to understanding the benefits of this type of research (through ROI) and ultimately achieve better results.

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The penetration of corporations into schoolsEvery school-business partnership described in the book shows that the primary interest is in promoting products and corporate images whether in the form of product giveaways, the plastering of corporate logos on school property, or the penetration of the school day by private television networks advertising products appealing to students. In some cases, there is clear intent in creating interest on the part of students in entry-level clerical or service jobs such as those found in grocery stores or in the fast-food business. One grocery chain hires teachers for summer work expressly to persuade them to help in recruitment efforts among student populations.
The motive for privatization, or corporate-managed or -owned schools, is purely one of profit. Privatization is promoted as enhancing "choice." But providing choices for, say, special students or those interested in extra-curricular activities is costly. Privatized schools invariably reduce curriculum choices and require teachers to closely follow course blueprints with the primary goal being one of inculcating facts useful for scoring high on standardized tests. High test-scores bolster the product, that is, the school, that the corporation is selling. Broader and more nebulous educational goals are shoved aside because they are viewed as a drain on the bottom line. An additional consequence of private school choice is the inevitable segmentation of student bodies along racial and class lines as the ability to pay excludes some from having actual "choice."
In addition to specific corporate involvement in schools, the author is concerned with the predominance of business thinking in the broader culture and its impact on our school systems. It has become a standard view among political and business elites that the essential purpose of schools is to train future employees. According to them, the primary focus of schools should be on teaching "skills" to students that are directly useful in work places. In this line of thinking schools are not the locus for wide-ranging intellectual endeavor. Teachers as intellectuals are not needed. Instead, they are seen as essentially education clerks, as employees, that follow management's direction in producing a product. Students are said to get an education, a product, closing the circle on the commodification of education. In another vein of corporate determination, the textbook industry sanitizes book content to ensure greater book sales which is contrary to the spirit of open inquiry.
In the face such reductionistic and regimented thinking, the author pushes throughout the book for the spread of "critical transitivity" in our schools whereby a critical and flexible approach by both teachers and students is taken in acquiring broad knowledge. He is concerned with what finds as the oligopolistic nature of the United States. He sees schools as being centers for the education of democratic practice and where critiques of our culture, capitalism, and social injustice are mounted.
While the author seems to be on solid ground to decry the move to quantify schools by simplified, standardized testing and the de-professionalization of teaching, it is worrisome to see what amounts to a social agenda being proposed as a replacement. Children and teenagers are not equipped to engage in social critique; they simply do not have enough worldly experience to have informed, independent opinions. One would hope that the author is not suggesting that the influencing of young minds with the social agenda of teachers has more merit than business-imposed thinking. It is for adult citizens to make democracy a reality in the political process, in workplaces, and in the broader culture including schools. Meanwhile, there is much for students to learn beyond workplace "skills" long before they become agents for social change.
The book seems to be grabbing for too much. It details actual corporate involvement in schools; it is concerned with the dominance of business thought; and it wants schools themselves to be the agents to change all of that. And those topics get intermixed. Also, at times the book can get a little overloaded with academic jargon as the author sprinkles in talk about techno-rationality, non-propositional versus propositional knowledge, consumer materialism, and intransitivity versus critical transitivity, etc. But for the most part the author's points are on the money. Our school systems have gotten derailed by some very dubious thinking. This book contributes to understanding the situation.
Where Has a Book Like This Been All This Time?
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Decided to keep it
I loved it
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Good basics albeit thin on white ethnicsHowever, some of what is being passed off as multicultural seems more like "protected classes", i.e. minorities, gays, disabled, mature Americans et al.
As such I was somewhat disappointed that the non-minority ethnic marketing treatment was a bit thin. To wit: Native Americans, Italians, Jews, Irish and Arab Americans warranted all of 5 pages in +350 page book! And there was little or no coverage of Polish, German, Aremenian, Croatian, Bohemian, Swedish, Greek, Ukranian, Lithuanian and non-Hispanic Spanish/Portuguese.
Hopefully the next book will cover these groups in more detail...
PORTRAYS INTERESTING INFO IN A QUITE READABLE FORMAT
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Entering the "Hot Zone"This doesn't even sound like it could exist, does it? Well it does. It is death by a virus known as Ebola. It is especially contagious in monkeys and can jump species over to humans.
The Hot Zone, by Richard Preston, describes outbreaks of this and other "hot" viruses in locations around the world, including a city near Washington, D.C. Virus experts in the Army need to unravel the Ebola mystery and try to protect the public from this vicious disease.
Preston has taken a true story and unveiled its horror. I couldn't believe how descriptive his writing is. If you want to read a true modern day thriller, then this is an awesome pick. I highly recommend it and am looking forward to reading more from Richard Preston.
A Gripping, True, Horror Story
Awsome, Gripping, the best thing I've read
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Mandatory Reading for Product Development ProfessionalsCustomer requirements are only one (although arguably the most important) data point that influences new product definition. McQuarrie doesn't really position the customer visit method very well in the context of the other variables that drive overall product definition. Secondly, while the book does an excellent job describing how to go about planning and conducting customer visits, it fails to provide more than a cursory treatment of how to use the information collected to develop appropriate, useful, prioritized new product requirements in a resource-constrained environment.
Other than these few items (which may be outside the focus of the text anyway), I would highly recommend this book. It provides valuable insight to understanding VOC (voice of the customer) and should be included in any serious product development professional's personal library.
Good Ideas for Beginners and Advanced Alike
PracticalIdeal book for development teams. Many "how to" ideas and a logical progression.