The Role Of Empathy In Marketing
The most underdeveloped skill in marketing is empathy. I’m not so sure that’s a bad thing.
NEW THINKING
The most underdeveloped skill in marketing is empathy. I’m not so sure that’s a bad thing.
All survey results are not created equal. Sometimes, it’s just people answering whatever question happens to be put to them, not a real opinion that reflects some firmly held attitude or belief. This caution is especially important nowadays since contemporary surveys generally rely on prequalified panels of respondents who are compensated for answering.
Measuring brand progress allows a marketer to gauge how well the brand strategy is working, the impact marketing activity is having, and to keep an eye on the competition.
Market segmentation is fundamental to marketing. Segmentation is evergreen when it comes to building and managing brands.
The hotel industry uses a segmentation designed by consultancy STR that is all about price, service and amenities. This segmentation uses language that most humans would find bizarre when thinking about their hotel stay. No matter how many consultants provide insight to hotel groups, the default is always price, service and amenities. The STR hotel segmentations basically looks like this: Economy, Mid-Scale, Upper Mid-Scale, Upscale, Upper Upscale and Luxury.