Ep 96 : Matt Johnson, PhD on Applying Psychology to Build Enduring Bonds between Brands, Consumers & Markets

04/01/2023 53 min Temporada 1 Episodio 96

Listen "Ep 96 : Matt Johnson, PhD on Applying Psychology to Build Enduring Bonds between Brands, Consumers & Markets"

Episode Synopsis

Marketers are in the memory business. How are marketers leveraging this by carefully crafted branding experiences to reach our wallets and minds. Could you please elaborate this with examples ? 
How should brands approach content creation (organic content) and leveraging influencers?
How should brands co-create with customers ?
‘Our brains don’t construct reality directly, instead they construct a mental model of it? Beliefs are an important input to sculpting it’. Could you elaborate on how brands are belief based mental models? 
What is the efficacy of Behavioral Economics in marketing  vs bigger economic forces like price OR Is the 'Nudge' Dead ?

Matt answers the above questions and many more as he takes us on fascinating journey of applying neuropsychology to brand building. Matt Johnson, PhD is a Professor and Research Fellow at  Hult International Business School. Matt Johnson is a speaker, writer, and researcher, specializing in the application of psychology and neuroscience to branding.. He is the author of the top-selling consumer psychology book, Blindsight: The (mostly) hidden ways marketing reshapes our brains (BenBella, 2020), and most recently, Branding That Means Business (Economist Books, Fall 2022).

Please visit his website https://www.neuroscienceof.com/
Please follow him on Linkedin https://www.linkedin.com/in/mattjohnsonisme/
His Latest Book on Amazon https://www.amazon.com/Branding-that-Means-Business-Consumers-ebook/dp/B09K7C8VW3


Jagged with Jasravee is facilitated by Jasravee Kaur Chandra, Director- Brand Building, Research & Innovation at Master Sun, Consulting Brand of Adiva L Pvt. Ltd. Jasravee has over 20 years experience as a Strategic Brand Builder,Communications Leader and Entrepreneur. 

Please visit Jasravee at https://jasravee.com/
Connect with Jasravee on Linkedin at https://www.linkedin.com/in/jasravee/  
Email Jasravee at [email protected]


Index of Content

00:00 Preview & Introduction to Matt Johnson Ph.D
02:56 Marketers are in the Memory Business 
08:15 Brand’s Meaning - A House Needs to Become a Home
11:30 Inviting Consumers for Co-Creation with the Brand
12:42 Co-Creation by Brand Managers - Content Creation, Leveraging Influencers
16:54 Spotify Wrapped - Celebration of Consumer’s Eccentricity & Diversity
19: 27 Flexibility of Co-Creation  - Balance Between Letting Go And Assertiveness by Brand Managers
22:18 Growing Kitkat in Japan -  'I Wish You All the Best' vs Taking a Break
26:15  Brains’ Construction of Reality -Objective vs Subjective Reality- Enjoyment of Wine
30:04 Belief Based Mental Models vs Brand Story - Perceived Soul of the Object - Your Replica for Teddy Bear
32:51 Significant Object Study -  100X  Rise in Value with A Story
35:00 Efficacy of Behavioral Economics in Marketing Vs Bigger Economic Forces like Price OR Is Nudge Dead ?
39:45 Broader Context of Nudges or Predicates to Behaviour On Brand 
45:04 Behavioral Change vs Cultural/Social Change, Nudge or Influences
47:02 Rapid Fire - Personally Speaking with Matt Johnson
52:29 Connecting with Matt Johnson

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