Wednesday, April 27, 2011
Let's Go Shopping
Monday, April 25, 2011
What Is In A Name?
Metonymy is a figure of speech where the name of an object is replaced with a word closely related to the original. Starbucks Coffee uses this to make consumers think that their money, or "bucks", which sounds more hip and energetic just like the coffee they wish to purchase, is going towards a better product by that decision. Perhaps the company even wanted to make their consumers feel all the more special by putting the word "star" in the title. Maybe as a consumer is waiting on line for their cafe mocha grande, they feel more like a star rather than just in a rush to get to work.
Haplology is used in company names like Toys R Us, where there is an omission of a repeated occurrence of a sound or syllable in the pronunciation. Aside from eliminating all unnecessarily repeated sounds, the tactic of haplology makes names more fun to say and look at. Let's say you drove past a sign that read: Toys Are Us. It just looks silly, doesn't it? It also doesn't seem to make much sense. Toys are who? But when a company decides to make it Toys "R" Us, rather than "are", the name seems all the more better. Maybe now the driver will make a quick turn into a parking lot rather than continuing to drive on with a confused look.
Finally, clipping is used to target the rate or pace at which a name is pronounced. It shortens a word or phrase by dropping one or more syllables. FedEx is an example of clipping. Say it out loud: FedEx. Seems to have one syllable, correct? In reality, that name should consist of two syllables, Fed and Ex. That doesn't flow off the tongue very well. FedEx flows quickly and naturally, eliminating any choppy pronunciations and therefore perhaps saving the company from a choppy reputation.
So, apparently there is a lot more thought put into a name than any regular consumer might see. There's a lot of "behind the scenes" work that goes into naming corporates, products, businesses, and brands. The three examples above (three of many more in existence) show how a consumer may be more likely to choose one product over another, or maybe one business instead of another one with the same inventory to sell. But the beauty is that the consumer is not always aware of the naming-schemes set before them. So, what is in a name? Apparently a lot more than Shakespeare even knew.
Source: www.namedevelopment.com
www.dictionary.com
Monday, April 18, 2011
Higher Costs in Raising children Leads to Idealizing Parenthood
A study was conducted by psychological scientists Richard Eibach and Steven Mock from the University of Waterloo. There were two groups of parents studied. The first group was primed to think about how expensive it is to raise a child. The second group was primed to think about the costs and benefits of raising a child. Then the experimenters asked both groups a series of questions such as how happy they were spending time with their children and how much time they hoped to spend with their child their next day off of work. The study found that the first group, who had focused on the costs of raising a child, enjoyed spending time with their children much more and planned on spending more leisure time with their children.
The experimenters further discussed that in the past children went to work young and actually were of economic value for the family. During this time the emotional relationship between parent and child was much less affectionate then now. Today, children cost a lot to raise and because of this, there is an increase in the belief that parenting is emotional rewarding.
Sources:
Idealizing Parenthood to Rationalize Parental Investments
Parenting Children with Disabilities Becomes Less Taxing With Time
Smokers are Tricked
Other smokers believe slim cigarettes are less harmful and that less harsh tasting ones are safer too. These false beliefs about cigarettes relate to what we discussed in class about cognitive dissonance—smokers need to be consistent in their actions and beliefs to avoid cognitive dissonance. The smokers know that the behavior of smoking is bad for their health, therefore they alter their beliefs and tell themselves things such as “at least I’m smoking the healthier and safer slim cigarettes.”
While cognitive dissonance plays a role in people believing some brands of cigarettes are less harmful, it is also due to the cigarette manufacturers keeping silent and not clarifying that these things are not true. Unfortunately, they probably never will since these misconceptions help sell the product.
Sources:
Smokers Believe ‘Silver’, ‘Gold’, and ‘Slim’ Cigarettes are less Harmful
Cigarette Packaging Still Misleading Consumers Over Health Hazards
Tuesday, April 12, 2011
Do we buy because we want to?
The Not so Incredible Shrinking Box...
In a time of rising commodity prices, manufacturers have discovered new ways to pass on increasing costs to consumers without raising prices. Ten years ago when you purchased a pack of Wrigley's PlenTPak you would have bought a pack with 17 sticks of gum, today you would only be buying 15 sticks. Food manufacturers have long been aware that even price increases as low as one cent have drastic impacts on consumer's buying habits. In the grocery world stores are afraid of even the smallest increases on goods that consumers purchase routinely, and pressure has helped develop a new form of passing on the costs associated with the manufacturing of food. Today, manufacturers are racing to keep prices equal while covertly decreasing the amount of product being packaged.
This does not only apply to chewing gum, but also to staples such as cereal, orange juice, yogurt, ice cream, and margarine. The manufacturers have been slowly reducing the amount of product being placed into the containers, and all the while most consumers have remained in the dark. Manufacturers either modify the packaging so it appears customers are getting the old amount, making bottles smaller but taller for example or they keep the packaging the same. The standard size for orange juice used to be 96 ounces, but today many brands are packaged with only 89 ounces, while the containers appear to be identical in size.
Consumers failing to realize there is less product in the package is a result of not keeping tabs on the ounces of individual products month to month, as well as their use of heuristics. As we discussed in class, heuristics are mental shortcuts we use to make mental judgments. Most consumers do not suspect manufacturers would "trick" them, and when glancing at the seemingly same amount of product they assume the amount of ounces are the same. They make the mistake of quickly assuming based on the appearance of the product rather than examining the numbers and coming up with the accurate conclusions. Manufacturers know this about consumers and are getting away with sneakily downsizing products.
Air is the new best friend of the marketer, as cereal boxes remain the same size and the bags inside are now filled with less product and more air. Frito Lay may have started this trend years ago when bags of Lays potato chips and Doritos began to weigh less, but appeared to be the same size due to the addition of air instead of chips.
Experts warn consumers to be wary when they shop and say that checking unit prices is the consumers best defense. However, most consumers confide that unit prices can be confusing and often times different, or changing, unit sizes can make comparisons difficult. Some consumers say that it is simply too time consuming to compare unit prices. Of course one thing to keep in mind is that unit prices are remaining stable, it is the actual quantity within the packaging that is shrinking.
Sources:
Food packages hide reduced contents
America's Shrinking Groceries
Wednesday, April 6, 2011
Business Internships at SUNY New Paltz
SUNY New paltz allows students to intern at many different locations, such as ABC News, Bank of New York, Cablevision, CVS Pharmacy, IRS, YMCA, and so on. Literally, the internship directory encompasses more than 30 pages of company names. Students work for a total of 210 hours and receive 3 credits. It is a great idea to be an intern, because even if no money is involved, the intern may be reviewed one day to become a full-time employee. In order to become an intern, one must be reviewed before the intern, send out cover letters and resumes to companies, and submit a weekly file report during the internship. Who is legible for a business internship?
Hmm. Would I be eligible? |
Sources:
The Thinker. Retrieved April 6, 2011, from:
http://www.michaelangelobosch.com/resume.htm.
Unknown Author. Student Guide to Internships. Retrieved
from: http://www.newpaltz.edu/schoolofbusiness/
student_guide_to_internships.pdf.
Unknown Author. School of Business Internship Directory. Retrieved from:
http://www.newpaltz.edu/schoolofbusiness/internshipdir.pdf.
Little Consumers
- Cheerios
- Chex
- Cinnamon Toast Crunch
- Fiber One
- Kix
- Lucky Charms
- Monsters
- Total
- Trix
- Wheaties
As if the desired audience was not obvious enough, the Trix commercial uses the catch phrase "Trix are for Kids!" in order to appeal to younger viewers. The use of animation, bright colors, a plot driven by a giant talking bunny, and the appeal of a sticker prize inside is enough to make any child beg their parents for this "wholesome breakfast". Words like "sweet, colorful, and bursting with flavor" are also used to fuel little appetites and sweet teeth.
Advertising and Its Role in Consumer Psychology
Studies have shown that segmentation is a more profitable approach to advertising merchandise. Instead of trying to please everyone, focusing on a smaller unit, such as a family, would be a more executive decision. Because there are so many cultures, ages, establishments, and lifestyles that come into play, the process of choosing which group to appeal more highly to can be complicated. This is where step two of successful advertising is initiated. The process of selecting which segment or segments to serve is called targeting. For example, if an advertising company wanted to please all consumers looking for a car, they would have to appeal to those looking for speed and comfort, performance and safety, and attractiveness and spaciousness. This is almost impossible since the qualities of a mini van as well as a sports car were just described. Instead of attempting to make an automobile seem attractive to everyone, a smart advertising agent might come up with a commercial that appeals to families looking for a car that is safe and comfortable. Creating such a commercial is an example of positioning, which is used to generate an image or idea that appeals to the chosen segment: in this case, the family.
A great example of using positioning to attract families with the lure of comfort in style, is the series of youtube videos released by Toyota advertising "The Sienna Family". These videos, such as "Swagger Wagon" (link below), depict a family of four who own a Toyota Sienna. Instead of trying to make the Sienna appeal to those interested in speed and dynamics, the videos demonstrate, in a hilarious manner, how the Sienna fits right in with family life, but still does not "cramp your swagger".
Reference for this post: