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	<title>Marketing &#8211; USA NEWS LIVE</title>
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	<description>All About USA NEWS</description>
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	<title>Marketing &#8211; USA NEWS LIVE</title>
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		<title>The marketing of cybersecurity products often compromises consumer safety</title>
		<link>https://bloggingthree.soflytech.com/2025/01/the-marketing-of-cybersecurity-products-often-compromises-consumer-safety/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Fri, 03 Jan 2025 02:57:46 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[compromises]]></category>
		<category><![CDATA[consumer]]></category>
		<category><![CDATA[Cybersecurity]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[products]]></category>
		<category><![CDATA[safety]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=21978</guid>

					<description><![CDATA[You&#39;ve probably seen several advertisements for services and products designed to extend your security online. When you switch in your TV, see online advertisements, and even receive in-app notifications, you&#39;re prone to come across cybersecurity technology marketed as the last word solution and last line of defense against digital threats. Cybersecurity is big businessand technology [&#8230;]]]></description>
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<p>You&#39;ve probably seen several advertisements for services and products designed to extend your security online. When you switch in your TV, see online advertisements, and even receive in-app notifications, you&#39;re prone to come across cybersecurity technology marketed as the last word solution and last line of defense against digital threats. </p>
<p>Cybersecurity <a href="https://www.gartner.com/en/newsroom/press-releases/2023-09-28-gartner-forecasts-global-security-and-risk-management-spending-to-grow-14-percent-in-2024">is big business</a>and technology firms often sell their products <a href="https://doi.org/10.2307/1251038">based on fear</a>. These campaigns are sometimes based on what I call the technology-user cycle, a feedback loop that creates more problems than it solves. </p>
<p>Here&#39;s how it really works: Cybersecurity firms often market their products with tactics that include fear (&#8220;Hackers are looking for your data!&#8221;), blame (&#8220;If something happens, it&#39;s your fault!&#8221;), and complexity (&#8220;Only our advanced solution can &#8220;protect&#8221;) emphasize &#8220;You&#8221;). They perpetuate the idea that users are not inherently smart enough to manage security independently and that the solution is to do so <a href="https://www.antwerpmanagementschool.be/en/blog/fud-fails-bad-prevails-digital-security">Adopt the newest services or products</a>.</p>
<p>As <a href="https://scholar.google.com/citations?hl=en&#038;user=KkGR-BwAAAAJ&#038;view_op=list_works&#038;sortby=pubdate">Cybersecurity Researcher</a>I find that this approach is commonly unintentional, <a href="https://doi.org/10.1109/eCrime47957.2019.9037589">harmful consequences for humans</a>. Instead of feeling empowered, users feel helpless and convinced that cybersecurity is beyond their understanding. They may even evolve <a href="https://doi.org/10.1016/j.chbr.2024.100475">Techno stress</a>overwhelmed by the necessity to sustain with constant updates, recent tools, and limitless threat alerts. </p>
<p>Over time, this could result in apathy and resentment. Users may withdraw because they imagine they&#8217;re at all times in peril irrespective of what they do. Ironically, this mindset makes them more vulnerable as they start to overlook easy, practical steps they may take <a href="https://www.nist.gov/publications/users-are-not-stupid-six-cyber-security-pitfalls-overturned">to guard yourself</a>.</p>
<p>The cycle is self-sustaining. When users feel less confident, they usually tend to demand recent technologies to resolve their problem, reinforcing the very marketing tactics that created their insecurity in the primary place. Security vendors, in turn, deliver on their guarantees of complete solutions, reinforcing the claim that individuals cannot manage security without their products. </p>
<p>Ironically, as people&#39;s reliance on security products increases, their security may decline. They begin to disregard basic practices, change into indifferent to constant warnings, and blindly trust in solutions they don&#39;t understand.</p>
<p>The result&#8217;s that users proceed to be stuck in a loop where they depend on the technology but lack the boldness to make use of it safely, creating much more opportunities for those with malicious intent to take advantage of it.</p>
<h2>Development of cybercrime</h2>
<p>I even have been working in cybersecurity because the early Nineteen Nineties and have seen the sector evolve over the a long time. I&#39;ve seen adversaries adapt to recent defenses and exploit people&#39;s growing reliance on the Internet. Two key changes particularly are defining moments within the evolution of cybercrime.</p>
<p>The first change got here with the conclusion that cybercrime might be hugely profitable. As society transitioned from paper checks and money transactions to digital payments, criminals discovered that it was relatively easy to acquire and steal money electronically. This transition to digital finance created opportunities for criminals <a href="https://doi.org/10.1108/JFC-11-2021-0242">strengthen their attacks</a>bypasses physical barriers and targets the systems that underpin modern payment methods.</p>
<p>The second shift occurred over a decade ago, when criminals directly targeted individuals slightly than simply going after firms or governments. While corporate attacks, ransomware campaigns, and significant infrastructure breaches still make headlines, there has also been one <a href="https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3Report.pdf">Increase in attacks</a> on on a regular basis users. Cybercriminals have learned that individuals are sometimes less prepared and more trusting than firms, providing lucrative opportunities.</p>
<p>This combination of digital financial systems and direct user engagement has redefined cybersecurity. It&#39;s not nearly protecting businesses or critical infrastructure; It&#39;s about ensuring that the common person isn&#8217;t left defenseless. But the best way cybersecurity technology is marketed and deployed often leaves users confused and feeling helpless. </p>
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<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#4e382c"><img decoding="async" alt="Two women, one sitting and one standing, look at a computer monitor" class="lazyload" src="https://images.theconversation.com/files/639564/original/file-20241218-15-uu569w.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/639564/original/file-20241218-15-uu569w.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/639564/original/file-20241218-15-uu569w.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/639564/original/file-20241218-15-uu569w.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/639564/original/file-20241218-15-uu569w.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/639564/original/file-20241218-15-uu569w.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/639564/original/file-20241218-15-uu569w.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">Asking a knowledgeable friend or colleague is a terrific technique to overcome the fear and confusion surrounding cybersecurity.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/photo/female-computer-programmers-discussing-in-office-royalty-free-image/1180183366">Luis Alvarez/DigitalVision via Getty Images</a></span><br />
            </figcaption></figure>
<h2>Empowering users</h2>
<p>The excellent news is that you may have more power than you think that. Cybersecurity doesn’t must feel like an unsolvable puzzle or a task for experts alone. Instead of letting fear drive you into techno-stress or apathy, you possibly can take matters into your individual hands by counting on trusted sources like community organizations, local libraries, and tech-savvy friends. </p>
<p>These trusted voices can simplify the jargon, provide straightforward advice, and enable you to make informed decisions. Imagine a world where you don&#39;t must depend on faceless firms, but as an alternative turn to a network of people that genuinely wish to see you succeed.</p>
<p>I imagine cybersecurity providers should offer tools and training which can be inclusive, accessible, and focused on users&#39; real needs. At the identical time, people should actively take part in community-driven initiatives, adopt thoughtful security practices, and depend on trusted resources for advice. People feel more confident and capable after they surround themselves with people who find themselves willing to show and support them. Users can then adopt the technology properly, slightly than buying every recent product out of fear or turning away entirely.</p>
<p>This community-based approach goes beyond individual corrections. It creates a culture of <a href="https://www.nist.gov/publications/users-are-not-stupid-six-cyber-security-pitfalls-overturned">shared responsibility and empowerment</a> and helps create a safer and more resilient digital ecosystem.</p>
<h2>resources</h2>
<p>To take control of your cybersecurity and construct your confidence, it&#39;s essential to know where to seek out reliable information and support. The following list of resources includes trusted organizations, community programs, and academic tools that may enable you to higher understand cybersecurity, protect yourself from threats, and even connect with local experts or colleagues for advice. </p>
<p>Whether you would like to protect your devices, learn learn how to spot fraud, or stay informed concerning the latest digital threats, these resources are a terrific place to start out. Empowerment starts with step one to understanding your digital world.</p>
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<p><em>image credit : theconversation.com</em></p>
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		<title>“Wicked” marketing takes over retail ahead of theatrical debut</title>
		<link>https://bloggingthree.soflytech.com/2024/11/wicked-marketing-takes-over-retail-ahead-of-theatrical-debut/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Mon, 11 Nov 2024 05:18:51 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[ahead]]></category>
		<category><![CDATA[Debut]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[takes]]></category>
		<category><![CDATA[theatrical]]></category>
		<category><![CDATA[Wicked]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=18930</guid>

					<description><![CDATA[“Barbie” painted town pink in 2023, and now “Wicked” is upping the ante with a splash of green. UniversalThe theatrical retelling of the enduring Broadway musical is making waves with a whole lot of merchandise offerings from dozens of retail partners ahead of its November twenty second release. The green and pink barrage is a [&#8230;]]]></description>
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<p>“Barbie” painted town pink in 2023, and now “Wicked” is upping the ante with a splash of green.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Universal<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>The theatrical retelling of the enduring Broadway musical is making waves with a whole lot of merchandise offerings from dozens of retail partners ahead of its November twenty second release. The green and pink barrage is a component of Universal&#39;s marketing strategy for the film and will provide a great addition to retail just in time for the crucial holiday season.</p>
<p>These “Wicked” collaborations run the gamut from apparel, accessories, footwear, beauty and costumes to home decor, toys and even one-of-a-kind cars.</p>
<p>The collections also vary in price ranges, providing consumers with inexpensive and splendid ways to specific their love for all things “bad.”</p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Goal<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Walmart<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    There&#39;s plenty of product on the shelves, with entire sections of the shop dedicated to themed shirts, sweaters and shoes, in addition to dolls, plush toys, books and nail polish.</p>
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<p>Lego and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">Mattel<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    Have brick sets and Barbies linked to the film. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">Starbucks<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    encompasses a collection of latest mugs and mugs and limited-time drinks inspired by most important characters Glinda and Elphaba; and Betty Crocker has revealing cake mixes that turn pink or green when wet ingredients are added.</p>
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<div class="group">
<p>Toyota&#39;s Lexus is even launching two unique versions of its 2024 Lexus TX that feature &#8220;Wicked&#8221; wraps.</p>
<p>The Broadway show on which the film relies is probably the most popular and highest-grossing musicals of all time and already has a longtime and enthusiastic fan base.</p>
<p>At the Gershwin Theater in New York City alone, greater than 14.5 million people have purchased tickets for the show since its inception in 2003, grossing greater than $1.67 billion<a href="https://www.broadwayworld.com/grosses/WICKED" target="_blank" rel="noopener"> ticket sales,</a> in response to Broadway World. These figures don&#8217;t include traveling national shows or international residencies.</p>
<p>These fans are hungry for merchandise that celebrates and empowers their fandom, and so they say they&#39;re willing to pay for it <a href="https://clients.mintel.com/download/brochure/superfans-enthusiasts-us-2024" target="_blank" rel="noopener">Mintel&#39;s 2024 US Superfans and Enthusiasts Consumer Report.</a>&#8220;</p>
<p>The report found that nearly half of “superfans,” or the most enthusiastic and dedicated fans, spent money on official fandom events or merchandise in the past year. The report, which surveyed 2,000 U.S. adults, also found that fandom collaborations and partner publishing are most successful among niche superfandoms.</p>
<p>And that&#39;s good for retail, where the consumer confidence index plunged 7 points in September, the sharpest decline in more than three years, before rising 11% in October, the biggest single-month acceleration since March 2021.</p>
<p>Retailers that have partnered with Universal are expected to see a boost from sales of &#8220;Wicked&#8221; items, which could help them differentiate themselves from other companies in the coming months.</p>
<p>What could also be driving demand is the fact that these merchandise collaborations are only for a limited time. Once the supply runs out, it is unlikely to be restocked. Even the most price-conscious consumers may be willing to spend money to get these products before they disappear from shelves.</p>
<p>Movie theaters also offer themed popcorn buckets, specialty drinks, and other merchandise for moviegoers who want to see the film. These retail opportunities could help boost “Wicked’s” box office.</p>
<p>Currently, box office analysts have extensive insight into what “Wicked” could do on its domestic opening weekend. At the conservative end, leading entertainment and technology research firm NRG predicts a profit of $85 million. Meanwhile, others are speculating that the first film in a planned duology could top $100 million, grossing up to $150 million in its first three days in theaters.</p>
<p>The difference in expectations comes as Hollywood has struggled to market and make a profit from movie musicals in recent years. Adaptations such as “In the Heights,” “Dear Evan Hanson” and “Mean Girls,” all of which are based on Broadway shows, failed to generate significant box office revenue during their run.</p>
<p>However, other fan-favorite IP-based titles &#8211; including &#8220;Dune: Part Two,&#8221; &#8220;Deadpool &#038; Wolverine&#8221; and &#8220;Inside Out 2&#8221; &#8211; exceeded estimates. Since “Wicked” is already a household name but exists within the music space, box office analysts are having a tough time predicting where the film will land.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Liam Gallagher is the brand new face of Stone Island – a marketing expert explains why he is an ideal fit</title>
		<link>https://bloggingthree.soflytech.com/2024/09/liam-gallagher-is-the-brand-new-face-of-stone-island-a-marketing-expert-explains-why-he-is-an-ideal-fit/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 12 Sep 2024 18:38:26 +0000</pubDate>
				<category><![CDATA[Fashion & Style]]></category>
		<category><![CDATA[expert]]></category>
		<category><![CDATA[explains]]></category>
		<category><![CDATA[face]]></category>
		<category><![CDATA[fit]]></category>
		<category><![CDATA[Gallagher]]></category>
		<category><![CDATA[Island]]></category>
		<category><![CDATA[Liam]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[perfect]]></category>
		<category><![CDATA[Stone]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14574</guid>

					<description><![CDATA[Oasis singer Liam Gallagher is announced as considered one of the brand new faces of the Stone Island fashion brand. This is an ideal time for the brand after an Oasis reunion tour was announced in August for 2025, which can begin immediately Sold out. For music fans, wearing band t-shirts and selecting a certain [&#8230;]]]></description>
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<p>Oasis singer Liam Gallagher is <a href="https://www.theguardian.com/music/article/2024/sep/03/liam-gallagher-to-be-new-face-of-fashion-brand-stone-island">announced</a> as considered one of the brand new faces of the Stone Island fashion brand. This is an ideal time for the brand after an Oasis reunion tour was announced in August for 2025, which can begin immediately <a href="https://www.manchestereveningnews.co.uk/whats-on/music-nightlife-news/oasis-break-silence-dynamic-pricing-29870822">Sold out</a>. </p>
<p>For music fans, wearing band t-shirts and selecting a certain type of clothing has long been a solution to discover as a part of one&#39;s group. And the will to point out one&#39;s affiliation through selecting a uniform provides a perfect context through which brands can capitalize on the association with a celeb. </p>
<p>The practice of celebrity endorsements has been around for the reason that nineteenth century, when firms recognized the worth of celebrity endorsements in promoting their brands. <a href="https://www.jstor.org/stable/2489512">conveys the meaning</a> related to the celebrity and the brand. This meaning encompasses various identity characteristics reminiscent of social class, gender, personality and lifestyle.</p>
<p>Celebrity endorsements depend on symbolism and other people&#39;s desire to see others as role models. When there&#8217;s a great fit between celebrity and brand, such co-branding can profit each the brand and the celebrity.</p>
<p>Gallagher&#39;s reference to Stone Island appears to be hitting the mark. <a href="https://www.museumofyouthculture.com/madchester/">Authors have noticed</a> the intersection of music, football and textiles and clothing that shaped the &#39;Madchester&#39; music scene that Oasis dominated within the Nineteen Nineties. This musical subculture had a uniform: baggy trousers, loose-fitting T-shirts, bucket hats and sportswear. </p>
<p>An overlap between the uniforms of music and football fans was observed at Stone Island, considered one of several premium brands that <a href="https://footballgroundguide.com/news/stone-island-football-hooligans.html">connected with football fans</a>Gallagher can be closely connected to Manchester City Football Club as a football fan through his support of the club. </p>
<p>Symbolically, Gallagher represents a nostalgic link to Nineteen Nineties Manchester, when football and music merged to make sure the city was on the map. Stone Island is capitalising on this nostalgia through this brand endorsement deal, showing that the corporate recognises the worth of (the fitting) celebrity brand.</p>
<h2>Own the brand</h2>
<p>Rapper Jay-Z went a step further after noticing that his fans showed up at his first gigs dressed like him and on the lookout for his favorite brands to point out that they belonged. </p>
<p>In his autobiography <a href="https://www.google.co.uk/books/edition/Decoded/tEuCGO8eLOgC?hl=en&#038;gbpv=1&#038;dq=Decoded+(Paperback)+Jay+Z&#038;printsec=frontcover">Decrypted</a> (2011), Jay-Z talks about how he contacted his favorite brand to propose a collaboration. When it became clear that they didn&#8217;t understand how much influence he could have on his fans&#39; clothing decisions, he began his own company – <a href="https://www.thesportsman.com/style/how-jay-z-built-rocawear-the-hip-hop-fashion-line-worth-more-than-half-a-billion">Rocawear</a>Instead of lending his celebrity capital to a different company, he has continued to expand his brand beyond music.</p>
<figure>
<p><iframe title="Jay-Z - Starting Rocawear" width="1170" height="878" src="https://www.youtube.com/embed/7NCFiPG01EE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p><figcaption><span class="caption">Jay-Z explains why he founded Rocawear.</span></figcaption></figure>
<p>One of the explanations celebrity brand endorsements work is because consumers trust their favorite celebrities and discover with relevant brands. This ties into the general role of branding: it serves as a shortcut for people to choose from similar products and matches their needs and desires with probably the most suitable brand. </p>
<p>The desire to view celebrities, reminiscent of musicians, as lifestyle influencers may be seen as a precursor to our modern influencer culture. Influencer marketing, through which non-celebrities promote brands, places and services that they feel align with their personal brand, may be seen as an evolution of celebrity promoting. The success of influencer marketing relies on similar characteristics to the celebrity brand &#8211; symbolic alignment and trust. </p>
<p>What sets celebrity promoting other than influencer marketing is the broader symbolism of the celebrity backstory. Fans of Oasis who were around within the Nineteen Nineties will see Gallagher in Stone Island, along with his trademark swagger, and feel catapulted back to their youth. In this manner, memories of nights in town, nights at home and the Oasis soundtrack will enrich the image and brand with an emotional backstory.</p>
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<div class="placeholder-container" style="--aspect-ratio-percent:100.0%;--background-color:#4c3254"><img decoding="async" alt="" class="lazyload" src="https://images.theconversation.com/files/536131/original/file-20230706-17-460x2d.png?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=237&#038;fit=clip" srcset="https://images.theconversation.com/files/536131/original/file-20230706-17-460x2d.png?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=600&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/536131/original/file-20230706-17-460x2d.png?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=600&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/536131/original/file-20230706-17-460x2d.png?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=600&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/536131/original/file-20230706-17-460x2d.png?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=754&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/536131/original/file-20230706-17-460x2d.png?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=754&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/536131/original/file-20230706-17-460x2d.png?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=754&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
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<p><em>image credit : theconversation.com</em></p>
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		<title>A bipartisan data protection law could backfire for small businesses – two marketing professors explain why</title>
		<link>https://bloggingthree.soflytech.com/2024/08/a-bipartisan-data-protection-law-could-backfire-for-small-businesses-two-marketing-professors-explain-why/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Mon, 12 Aug 2024 22:27:53 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[backfire]]></category>
		<category><![CDATA[bipartisan]]></category>
		<category><![CDATA[businesses]]></category>
		<category><![CDATA[Data]]></category>
		<category><![CDATA[explain]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[professors]]></category>
		<category><![CDATA[protection]]></category>
		<category><![CDATA[Small]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=11737</guid>

					<description><![CDATA[Orion Brown began Black travel box to serve black travelers who find lotions and shampoos in hotels inadequate. Randel Bennett is co-founder of the insurance startup I stay secure for underserved Spanish-speaking drivers. Bill Shufelt and John Walker founded Sports Brewery i.e. athletes and non-drinkers in social situations could drink delicious non-alcoholic beer. What do [&#8230;]]]></description>
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<p>Orion Brown began <a href="https://theblacktravelbox.com">Black travel box</a> to serve black travelers who find lotions and shampoos in hotels inadequate. Randel Bennett is co-founder of the insurance startup <a href="https://sigoseguros.com">I stay secure</a> for underserved Spanish-speaking drivers. Bill Shufelt and John Walker founded <a href="https://athleticbrewing.com/">Sports Brewery</a> i.e. athletes and non-drinkers in social situations <a href="https://www.hbs.edu/faculty/Pages/item.aspx?num=62814">could drink delicious non-alcoholic beer</a>.</p>
<p>What do these three successful firms have in common? They all built their businesses on personalized digital promoting platforms like Facebook and Instagram. They didn&#39;t have the budget for TV promoting campaigns to compete with larger firms. And all of them served markets that had previously been ignored. </p>
<p>A privacy law currently being considered by Congress could inadvertently make it harder for similar projects to reach the long run. We are <a href="https://www.colorado.edu/business/leeds-directory/faculty/john-g-lynch-jr">Professors</a> <a href="https://www.chicagobooth.edu/faculty/directory/d/jean-pierre-dube">of selling</a> who&#8217;re experts in academic research on the impact of public policy on marketing. We are concerned that the bipartisan bill – the <a href="https://crsreports.congress.gov/product/pdf/LSB/LSB11161">American data protection law</a> – could harm small business owners like these who depend on targeted digital promoting. </p>
<p>While Americans <a href="https://www.pewresearch.org/internet/2023/10/18/how-americans-view-data-privacy/">increasingly favor</a> Although the federal government is taking a more interventionist approach to data protection, a growing body of rigorous research shows that privacy regulations can have unintended consequences.</p>
<h2>Data protection rights and wrongs</h2>
<p>The American Privacy Rights Act – introduced by lawmakers within the House of Representatives and the Senate <a href="https://energycommerce.house.gov/posts/committee-chairs-rodgers-cantwell-unveil-historic-draft-comprehensive-data-privacy-legislation">in April 2024</a> – would, as a Senate summary states, “<a href="https://www.commerce.senate.gov/services/files/E7D2864C-64C3-49D3-BC1E-6AB41DE863F5">national consumer data protection rights and setting standards for data security</a>.” </p>
<p>The bill would create a national standard for data collection and use. A national standard would have the advantage of unifying a patchwork of state regulations. A supporting editorial states: <a href="https://www.washingtonpost.com/opinions/2024/04/23/congress-data-privacy-mcmorris-rodgers-cantwell/">The Washington Post</a> described the bill as &#8220;just as strict, if not stricter, than what the states have put forward so far.&#8221; Stricter needs to be higher, right?</p>
<p>Not necessarily. </p>
<p>The relevant national draft laws are generally based on the European <a href="https://pro.bloomberglaw.com/insights/privacy/privacy-laws-us-vs-eu-gdpr/">General Data Protection Regulation (GDPR)</a>The European Union praises the GDPR as “<a href="https://www.consilium.europa.eu/en/policies/data-protection/data-protection-regulation/">the strictest data protection and security law in the world</a>.”</p>
<p>But a growing body of scientific literature shows that data protection regulations comparable to GDPR can have unintended consequences. In May, the non-profit Marketing Science Institute published <a href="https://www.msi.org/msi-privacy-regulations-initiative-2/">Our report</a> Summary of this work. In short: data protection just isn&#8217;t free – it requires compromises.</p>
<h2>The price of privacy</h2>
<p>First of all, a balance have to be struck between privacy and the usefulness of knowledge exchange for firms and consumers. The book “<a href="https://www.hachettebookgroup.com/titles/chris-anderson/the-long-tail/9781401384630/?lens=hachette-books">The long tail</a>&#8220;&#8221; describes how digital marketing modified our economy from a market focused on selling successful products to at least one that serves many smaller niches of consumers with different needs and preferences. Digital marketing enables small business owners and consumers with non-conventional needs to seek out one another.</p>
<p>There can also be a trade-off between privacy and fairness. Just as consumers&#39; needs for products vary, in addition they differ in whether, when and why they&#8217;re willing to share data. <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4429431">Research</a> <a href="http://doi.org/10.1109/MSP.2005.28">shows</a> that those most concerned about minimizing data sharing are richer, more educated, and older than those that are less concerned about it. The goal of privacy regulations, in our view, needs to be to offer consumers control over their data, reasonably than slowing down the flow of knowledge for everybody.</p>
<p>More coarse personalization can exclude marginalized consumer segments. Some low-income consumers and certain minority groups live in digital <a href="https://www.brookings.edu/wp-content/uploads/2023/02/Algorithmic-exclusion-FINAL.pdf">Data deserts</a>The problem just isn&#8217;t that firms know an excessive amount of about them. Rather, they&#8217;re so invisible that they <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4852032">inadvertently excluded</a> from the digital economy. </p>
<p>Privacy could be, in some ways, an issue of the privileged. We aren&#8217;t aware of any rigorous study showing that stricter privacy policies in digital marketing provide tangible economic advantages to anyone, let alone low-income consumers.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:68.96551724137932%;--background-color:#4d372a"><img decoding="async" alt="A shared screenshot of two members of Congress." class="lazyload" src="https://images.theconversation.com/files/611201/original/file-20240803-17-uuz3tu.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/611201/original/file-20240803-17-uuz3tu.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=414&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/611201/original/file-20240803-17-uuz3tu.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=414&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/611201/original/file-20240803-17-uuz3tu.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=414&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/611201/original/file-20240803-17-uuz3tu.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=520&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/611201/original/file-20240803-17-uuz3tu.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=520&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/611201/original/file-20240803-17-uuz3tu.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=520&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">Republican Cathy McMorris Rodgers (left) within the House of Representatives and Democrat Maria Cantwell within the Senate introduced the American Privacy Rights Act in April 2024.</span><br />
              <span class="attribution"><a class="source" href="https://newsroom.ap.org/detail/CongressDataPrivacy/f63f24f4fcd641c49ebb16513d625215/photo">Related Press</a></span><br />
            </figcaption></figure>
<p>There can also be a trade-off between privacy and freedom from discrimination, especially towards marginalized groups. Algorithms are known to unintentionally discriminate. For example, one study showed that <a href="https://doi.org/10.1287/mnsc.2018.3093">Women were less likely than men</a> To receive advertisements for job offers in STEM professions. That seems unfair to me.</p>
<p>Regulators, including the drafters of the US privacy law, have mandated that firms limit the info they collect to what is affordable and obligatory, and keep details about race, gender, or other protected class characteristics to a minimum. But without this information, how are regulators and corporations purported to test data-based marketing algorithms for unintentional discrimination?</p>
<p>Finally, there may be a trade-off between privacy and innovation by sellers within the marketplace. Many small brands exist because digital marketing allows them to construct sustainable businesses on a small scale without huge media budgets. Digital promoting costs a fraction of what is required for traditional television campaigns, saving small US business owners <a href="https://sbecouncil.org/2019/09/10/online-advertising-delivers-big-benefits-for-small-businesses">163 billion US dollars annually</a>Small brands <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4198438">profit more</a> by addressing the goal group more precisely than the massive brands with a broader appeal.</p>
<p>A growing variety of studies show that data protection regulations can decelerate innovation and <a href="https://doi.org/10.1086/663156">reduce the competitiveness of the markets</a>This is especially damaging to exactly those small businesses and entrepreneurs who profit most from having the ability to goal different consumers. </p>
<p>Recently, data protection advocates have begun to label those that argue for the advantages of personalized marketing as “corporatists.” Ironically, it&#8217;s <a href="https://www.msi.org/msi-privacy-regulations-initiative-2/">small businesses</a> who profit most from personalized marketing, as our report for the Marketing Science Institute shows.</p>
<p>Giants like Unilever and Nike are gaining a competitive advantage through data protection regulations and changes to platform privacy policies, which dramatically increase the fee for small businesses to amass recent customers, and giants like Amazon and Walmart are gaining attractiveness as promoting platforms. <a href="https://doi.org/10.1287/mnsc.2023.4709">Views</a> <a href="https://www.nber.org/system/files/working_papers/w32146/w32146.pdf">show</a> that the GDPR has strengthened the market dominance of Google and Facebook in Europe and disproportionately increased the prices of knowledge protection compliance for smaller firms.</p>
<p>We imagine the bill currently being drafted in Congress to guard consumers&#39; right to privacy is helpful. <a href="https://crsreports.congress.gov/product/pdf/LSB/LSB11161">May surcharge</a> For example, it included exemptions for small businesses, but didn&#8217;t have in mind how they depend on other people’s data to draw customers. In June, disagreements between Republicans and Democrats led to <a href="https://iapp.org/news/a/american-privacy-rights-act-markup-canceled-next-us-house-steps-uncertain">Canceling a markup session</a>. </p>
<p>In our view, Congress can be smart to make use of the present impasse to rigorously consider how the proposed laws would affect smaller sellers and disadvantaged consumer groups.</p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
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		<title>Venu Sports faces a difficult marketing challenge to search out an audience</title>
		<link>https://bloggingthree.soflytech.com/2024/08/venu-sports-faces-a-difficult-marketing-challenge-to-search-out-an-audience/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 01 Aug 2024 19:35:31 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[audience]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[difficult]]></category>
		<category><![CDATA[faces]]></category>
		<category><![CDATA[find]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[sports]]></category>
		<category><![CDATA[Venu]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=10616</guid>

					<description><![CDATA[Call Don Draper, Venu Sports could have a marketing problem The Disney, Fox And Warner Bros. Discovery The jointly operated streaming service announced Thursday that it would launch in the autumn for $42.99 per thirty days. That&#39;s way more expensive than NetflixMax, Peacock, or one other major streaming subscription service. It&#39;s less expensive than YouTube [&#8230;]]]></description>
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<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"></span></p>
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<p>Call Don Draper, Venu Sports could have a marketing problem</p>
<p>The <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Disney<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Fox<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Warner Bros. Discovery<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    The jointly operated streaming service announced Thursday that it would launch in the autumn for $42.99 per thirty days. That&#39;s way more expensive than <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">Netflix<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>Max, Peacock, or one other major streaming subscription service. It&#39;s less expensive than YouTube TV at $73 a month or an ordinary cable package &#8211; but those deals include a wide selection of entertainment content beyond sports.</p>
<p>Venu offers consumers access to a bundle of networks: ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS, ABC, Fox, FS1, FS2, BTN, TNT, TBS and truTV. Subscribers also get ESPN+. It plans to launch in time for football season. It doesn&#8217;t include CBS and NBC, two networks that own the rights to many sports, including college football and NFL games.</p>
<p>Venu&#39;s theoretical user is someone willing to pay a hefty monthly subscription for a narrow segment of media &#8212; live sports, but not all live sports. The service markets itself as a product for the so-called &#8220;cord nevers&#8221; &#8212; a bunch of younger consumers who didn&#39;t need to buy cable TV since it&#39;s too expensive, but who crave access to ESPN and other live sports.</p>
<p>It is totally unclear whether this user base will come into being.</p>
<p>There are two major obstacles to Venu&#39;s success. First, the whole addressable market of users willing to pay $43 a month for some sports but unwilling to pay for cable TV might not be that enormous. Many non-cable subscribers are content to observe highlights on YouTube and get commentary from their favorite influencers. According to a survey by Kantar cited by YouTube in its 2024 forecast, 54% of individuals <a href="https://thej40.com/f/what-your-fans-want-from-your-youtube-channel" target="_blank" rel="noopener">would reasonably</a> It&#39;s higher to observe producers analyze a significant live event than to really watch it.</p>
<p>At the opposite end of the spectrum, NFL-mad young people might want to buy Peacock and Paramount+ &#8212; the streaming services owned by NBC and CBS &#8212; to get a full lineup of NFL games. They could also get a digital antenna to pair with Venu, but antenna adoption amongst younger viewers is likely to be a bit of inconsistent.</p>
<p>Other major sporting events – corresponding to the continuing Olympic Games – will simply not be available on Venu since the Olympic broadcaster <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">Comcast&#39;s<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    NBCUniversal is just not a part of the service.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"></a>An existing player</h2>
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<p>The second problem could also be even greater: A product like Venu already exists – and it could already be a greater deal than Venu.</p>
<p>For $60 a month, <a href="https://www.sling.com/" target="_blank" rel="noopener">Sling TV by Echostar</a> offers the favored networks that include Venu &#8211; ESPN, TNT, TBS, Fox and ABC &#8211; but additionally NBC. Additionally, CNN, Fox News, MSNBC, Bravo, USA, HLN, Discovery NFL Network and a complete host of other networks are included &#8211; 46 in total, in comparison with Venus&#39; 14. There&#39;s also an introductory offer where consumers pay just $30 for the primary month.</p>
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<div class="group">
<p>At the top of March, Sling TV had 1.92 million subscribers and the number is just not growing. In the primary quarter, the corporate lost 135,000 customers, but that was lower than the 234,000 subscribers it lost in the primary quarter a yr ago.</p>
<p>At the top of 2021, Sling TV had 2.5 million customers, down from the two.7 million subscribers it reached in 2019.</p>
<p>The company blamed the existence of other streaming services for its decline last quarter.</p>
<p>&#8220;We continue to experience increasing competition, including competition from other providers of video-on-demand subscriptions and live linear OTT services, many of which provide our content and offer football and other seasonal sports programming directly to their subscribers à la carte,&#8221; Echostar said. <a href="https://ir.echostar.com/static-files/6bd01359-bffb-4617-9600-f719415f621c" target="_blank" rel="noopener">said in a</a>.</p>
<p>In summary, Sling TV – a more comprehensive offering than Venu for about $17 more per thirty days – has been losing subscribers for five years and never had greater than 2.7 million subscribers at its peak.</p>
<p>This presents Venu with quite a marketing challenge: the corporate must persuade consumers that a subscription is worth it due to its strong brand and technology.</p>
<p>Or the corporate is hoping its $43-per-month offer will last long enough to capitalize on the $17 difference. The typical pattern with live network packages is that they begin with an introductory offer after which increase prices. Venu hinted at this in its press release, telling consumers they might lock within the $43-per-month price for 12 months from the time they join &#8211; suggesting a price increase might be coming.</p>
<p>Venu plans so as to add more sports to its lineup over time, but that can likely lead to a price increase and make the wireless price-performance ratio even harder to sell.</p>
</div>
<div class="group">
<p>To undercut Venu even further, Disney is planning an ESPN flagship streaming service as early as fall 2025 that can include ESPN at a cheaper price than Venu.</p>
<p>Disney, Warner Bros. Discovery and Fox will argue that that is about maximum reach &#8211; very similar to the Apple iPad mini did, slotting into the tech company&#39;s existing lineup between its phones and bigger tablets.<strong>.</strong> Maybe there&#8217;s an audience for Venu, and in that case, corporations need to serve it. Fox CEO Lachlan Murdoch <a href="https://www.sportsbusinessjournal.com/Articles/2024/03/04/lachlan-murdoch-fox-disney-warner-bros-discovery-streaming-service" target="_blank" rel="noopener">has already predicted</a> The service can gain 5 million subscribers in the following five years.</p>
<p>But even $5 million seems ambitious given Sling TV&#39;s difficulties. To achieve that, a whole lot of money may have to be invested in marketing.</p>
<p>And this effort could be so costly that it defeats the aim.</p>
</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Cutting marketing spending often backfires for firms – latest research could help investors distinguish short-sighted from smart cuts</title>
		<link>https://bloggingthree.soflytech.com/2024/07/cutting-marketing-spending-often-backfires-for-firms-latest-research-could-help-investors-distinguish-short-sighted-from-smart-cuts/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 20 Jul 2024 16:00:13 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[backfires]]></category>
		<category><![CDATA[companies]]></category>
		<category><![CDATA[cuts]]></category>
		<category><![CDATA[cutting]]></category>
		<category><![CDATA[distinguish]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[shortsighted]]></category>
		<category><![CDATA[smart]]></category>
		<category><![CDATA[spending]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=9525</guid>

					<description><![CDATA[Companies are sometimes tempted to chop their marketing budgets to make short-term savings – but these cuts may cause problems in the long run. A brand new study by my colleague Tarun Kushwaha and me Published in The Journal of Marketing proposes a way to predict as much as a 12 months upfront whether these [&#8230;]]]></description>
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<p>Companies are sometimes tempted to chop their marketing budgets to make short-term savings – but these cuts may cause problems in the long run. A brand new study by my colleague <a href="https://scholar.google.com/citations?user=klOT7mUAAAAJ&#038;hl=en">Tarun Kushwaha</a> <a href="https://scholar.google.com/citations?user=YiUhbN0AAAAJ&#038;hl=en">and me</a> Published in <a href="https://doi.org/10.1177/00222429241244804">The Journal of Marketing</a> proposes a way to predict as much as a 12 months upfront whether these counterproductive cuts will happen. </p>
<p>We collected transcripts of nearly 25,000 quarterly earnings conference calls from publicly traded firms between 2008 and 2019. We then analyzed how management teams discussed marketing and quarterly earnings. We found that the more results-focused the conference call was—for instance, words like “lucrative” or “revenue”—the more likely the management team was to chop its marketing budget in favor of accelerating profits. </p>
<p>Unlike typical budget changes, these cases were about making short-term gains for private gains &#8211; for instance, to spice up stock prices before a manager&#39;s departure &#8211; to boost immediate funds, or to satisfy investor pressures and expectations. These cuts in exchange for higher profits are short-sighted, as investments in marketing are inclined to increase an organization&#39;s market share over time. </p>
<h2>Why it will be significant</h2>
<p>Managers often feel pressured to attain short-term profit goals on the expense of long-term goals. <a href="https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/beyond-belt-tightening-how-marketing-can-drive-resiliency-during-uncertain-times">Survey data</a> and studies have shown that cutting costs is a technique for firms to be higher off within the short term. And since it takes time for marketing investments to repay, marketing spending often finally ends up being wasted. </p>
<p>My marketing colleagues call these decisions “short-sighted” – “short-sighted” is a elaborate word for short-sighted. They often occur before <a href="https://doi.org/10.1287/mksc.2015.0970">IPOs</a>, <a href="https://doi.org/10.1509/jm.16.0200">Share buybacks</a> And <a href="https://doi.org/10.1016/0167-7187(91)90058-S">Retirement of executives</a>. </p>
<p>These short-sighted decisions can have short-term advantages, but in the long run they harm investors, customers and other stakeholders. When firms short-sightedly cut their marketing spending, <a href="https://doi.org/10.1287/mksc.1060.0261">lose market value</a>; due to this fact, such cuts are related to poorer stock market performance in the long term. A tool that helps investors discover short-sighted marketing spending would help them protect their portfolios from negative long-term consequences. </p>
<p>Our method is just not only retrospective &#8211; it might even be used to predict future short-sighted cuts in marketing spending. Investors could use it to research publicly available transcripts of quarterly earnings calls as much as 4 times a 12 months for useful data. We estimate that for each $1 invested in avoiding short-sighted firms using our method, a further $6.44 might be earned over 4 years in comparison with traditional methods. Marketing firms and promoting agencies could also use it to discover firms planning to chop their marketing budgets.</p>
<h2>What&#39;s next</h2>
<p>As a part of our research, my team has <a href="https://doi.org/10.1177/00222429241244804#supplementary-materials">Algorithm and data</a> needed to breed our results, providing individual investors and other stakeholders with beneficial insight into executives&#39; intentions regarding the funding of their marketing and research departments.</p>
<p>While our research has focused totally on transcribed text from conference calls, we see more potential in analyzing the audio and video data from these conference calls. Audio evaluation could provide insights from tone of voice, pitch, pauses, and filler words, while video evaluation could capture the temporary involuntary facial expressions referred to as microexpressions.</p>
<p><em>The Research Brief is a summary of interesting scientific papers.</em></p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
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		<title>A Natural Deception: 3 Marketing Myths The Complement Industry Will Want You to Swallow</title>
		<link>https://bloggingthree.soflytech.com/2024/04/a-natural-deception-3-marketing-myths-the-complement-industry-will-want-you-to-swallow/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 27 Apr 2024 23:10:36 +0000</pubDate>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[Deception]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[myths]]></category>
		<category><![CDATA[Natural]]></category>
		<category><![CDATA[Supplement]]></category>
		<category><![CDATA[Swallow]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=1833</guid>

					<description><![CDATA[The Americans appear to see this positively Dietary supplements. According to a 2023 survey, 74% of U.S. adults take Vitamins, prebiotics and the like. The The dietary supplements business is booming, and with all of the hype surrounding them, it&#39;s easy to forget what they really are: substances that may have a significant impact on [&#8230;]]]></description>
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<p>The Americans appear to see this positively <a href="https://www.fda.gov/consumers/consumer-updates/fda-101-dietary-supplements">Dietary supplements</a>.  According to a 2023 survey, 74% of U.S. adults take <a href="https://www.crnusa.org/newsroom/three-quarters-americans-take-dietary-supplements-most-users-agree-they-are-essential">Vitamins, prebiotics and the like</a>.</p>
<p>The <a href="https://www.ibisworld.com/industry-statistics/market-size/vitamin-supplement-manufacturing-united-states/">The dietary supplements business is booming</a>, and with all of the hype surrounding them, it&#39;s easy to forget what they really are: substances that may have a significant impact on the body and health, but are usually not regulated like drugs.  They are regulated <a href="https://doi.org/10.1001/amajethics.2022.396">more like food</a>.</p>
<p>Thanks largely to a 1994 law, the Food and Drug Administration is virtually toothless with regards to dietary supplements.  As <a href="https://www.fda.gov/food/information-consumers-using-dietary-supplements/questions-and-answers-dietary-supplements">The agency recognizes</a>: “The FDA does not have the authority to approve dietary supplements before they are marketed.  Companies can sell dietary supplements without having to go through an approval process or share safety evidence.”</p>
<p>As a member of the research faculty in <a href="https://scholar.google.com/citations?user=9Riuj5IAAAAJ&#038;hl=en">accomplished medical training</a>I&#8217;m answerable for teaching practicing physicians to know and critically engage with health research.  I write too <a href="https://www.acsh.org/news/2024/02/28/armra-colostrum-questionable-blend-science-washing-and-wellness-hype-17677">About health</a>, <a href="https://www.acsh.org/news/2023/12/11/functional-blood-chemistry-analysis-cheap-ploy-expensive-habit-17510">Wellness</a> and additions for a wider audience.  So I spend a variety of time occupied with supplements.</p>
<p>It&#39;s vital to think about why so many individuals imagine that supplements might help them live a healthier life.  While there are a lot of reasons, the way in which supplements are marketed varies <a href="https://doi.org/10.5539/gjhs.v7n3p171">undoubtedly a very important point</a>.  In my years of following the industry, I&#39;ve noticed three false assumptions that keep cropping up in complement marketing.</p>
<h2>1. The appeal to the character fallacy</h2>
<p>The <a href="https://yourlogicalfallacyis.com/appeal-to-nature">Appeal to the fallacy of nature</a> arises when one assumes that because something is “natural” it have to be good.  The word “natural” is usually utilized in the marketing of dietary supplements.  When it involves health, it often feels right to desire natural medicine, remedies, prevention techniques, etc. </p>
<p>For example, if I say “vitamin C,” what do you immediately consider?  Probably oranges or citrus fruits basically and flu prevention.  But what involves mind once I say “the flu shot”?  Probably doctor&#39;s offices, a little bit of pain and pharmaceutical corporations.  One of them is <a href="https://www.cdc.gov/flu/professionals/acip/summary/summary-recommendations.htm">clinically tested</a> to stop flu-like infections and alleviate the severity of the illness.  The other <a href="https://www.emergenc.com/our-ingredients/?gad_source=1&#038;gclid=CjwKCAiA3JCvBhA8EiwA4kujZv-SZfzuCWyC2knbNekOFwg0CL392w4IVRcfYi4avarz8OZ80WA2BhoCZgUQAvD_BwE&#038;gclsrc=aw.ds#antioxidants">was marketed</a> prefer it does the identical things but <a href="https://www.nccih.nih.gov/health/tips/tips-natural-products-for-the-flu-and-colds-what-does-the-science-say">There is not any clinical evidence</a> to support this.</p>
<p>The dietary complement industry is filled with brand names that contain the word “nature” and thus confer with the fallacy of nature.  Also take a look at web sites and advertisements that urge customers to forgo “artificial” products in favor of a “pure” and “natural” weight loss plan.  Using the word “artificial” to explain other products and “natural” to explain a specific complement is meant to make you&#8217;re feeling that this product is superior to the competition and that you just need it to be healthy.</p>
<p>To be clear, “natural” doesn’t equal “better,” but that’s what marketing wants you to think.</p>
<h2>2. The belief that more of a very good thing is all the time higher</h2>
<figure class="align-center ">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#554d2e"><img decoding="async" alt="Someone takes a nutritional supplement in a kitchen." class="lazyload" src="https://images.theconversation.com/files/585195/original/file-20240329-18-484nyd.jpg?ixlib=rb-1.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/585195/original/file-20240329-18-484nyd.jpg?ixlib=rb-1.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/585195/original/file-20240329-18-484nyd.jpg?ixlib=rb-1.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/585195/original/file-20240329-18-484nyd.jpg?ixlib=rb-1.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/585195/original/file-20240329-18-484nyd.jpg?ixlib=rb-1.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/585195/original/file-20240329-18-484nyd.jpg?ixlib=rb-1.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/585195/original/file-20240329-18-484nyd.jpg?ixlib=rb-1.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">When it involves health, the complement industry likes to capitalize on the concept “doing something is better than doing nothing.”</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/photo/young-woman-taking-a-health-supplement-in-the-royalty-free-image/1484152323?phrase=dietary+supplements&#038;adppopup=true">vorDa/Getty Images</a></span><br />
            </figcaption></figure>
<p>There is one other assumption that follows the fallacy of nature: If something is natural, it have to be good, and more of it must all the time be higher.  If a bit little bit of vitamin C is nice for us, then a variety of it have to be great!</p>
<p>The truth is that our bodies tightly regulate the quantity of vitamins and minerals we devour.  Unless you&#8217;re deficient, consuming a considerable amount of a specific vitamin or mineral through a complement doesn&#8217;t necessarily lead to a deficiency <a href="https://www.verywellhealth.com/fat-vs-water-soluble-998218#">health advantages</a>.  That&#39;s why complement skeptics sometimes say, &#8220;You&#39;re just paying for expensive urination&#8221; &#8211; because your body will excrete the surplus.</p>
<p>You can find an example of the “more is better” myth in principally everyone <a href="https://www.emergenc.com/?gad_source=1&#038;gclid=CjwKCAjwzN-vBhAkEiwAYiO7oFTZA-RKxYsnfVPwUEOjwdx9qk1Jb8PD3By36pbWYGgK0N9t2nauCxoCi3AQAvD_BwE&#038;gclsrc=aw.ds">Vitamin C complement</a>.  The packaging often clearly shows dosages that may reach 750 or 1,000 milligrams.  But adults only need <a href="https://www.mayoclinic.org/healthy-lifestyle/nutrition-and-healthy-eating/expert-answers/vitamin-c/faq-20058030#">about 75 to 120 milligrams of vitamin C per day</a>.  Also have a look <a href="https://www.naturemade.com/collections/vitamin-d">Vitamin D supplements</a> This may be done in doses of 5,000 IU or international units – a undeniable fact that can be often clearly visible on the packaging.  But <a href="https://ods.od.nih.gov/factsheets/VitaminD-Consumer/#h16">Adults mustn&#8217;t devour greater than 4,000 IU each day</a>.  Again, it&#39;s easy to exceed what we want. </p>
<h2>3. The motion bias</h2>
<p>After all, the complement industry likes to capitalize on the concept doing something is best than doing nothing.  that is that <a href="https://thedecisionlab.com/biases/action-bias">Action bias</a>.  When people take motion, they feel like they&#8217;ve more control over a situation, which has a very positive impact on their health.  “Even if I don’t need the extra vitamin C,” they could think, “I’ll take it just to be safe.” What’s the harm?”</p>
<p>The examples within the last section show that dietary supplements often contain persistently the beneficial each day dose of a specific vitamin or mineral.  This assumes that it&#8217;s protected to ingest such amounts of those particular substances.</p>
<p>It is feasible to have an excessive amount of of a very good thing.  Too much vitamin C may cause this <a href="https://ods.od.nih.gov/factsheets/VitaminC-Consumer/#">Diarrhea, nausea, stomach cramps and more</a>.  Too much vitamin D can result in illnesses, amongst other things <a href="https://ods.od.nih.gov/factsheets/VitaminD-Consumer/#">Nausea, vomiting and kidney stones</a>.  Supplements may interact with prescribed medications.  For example, St. John&#39;s wort is thought for its interaction <a href="https://www.mayoclinic.org/drugs-supplements-st-johns-wort/art-20362212">Contraceptives, immunosuppressants, statins and chemotherapy</a> by strengthening or weakening their effect.  When it involves supplements, taking them isn&#39;t necessarily higher than not taking them.</p>
<p>Be looking out for these marketing messages – they are usually not necessarily true or good on your health.  And talk over with your doctor before taking any supplements.</p>
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<p><em>image credit : theconversation.com</em></p>
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