This document contains summaries of 5 chapters on status, dominance, and affiliation from a marketing textbook. The chapters discuss how status influences human behavior and decision-making. They explain that people seek status through domination over others or affiliation with others. The chapters also note that marketers must understand how customers perceive their own status to effectively promote products. The final chapter provides guidance on creating a better business plan with sections on objectives, promises, alternatives, team members, and financial details. The overall message is that status, power dynamics, and relationships are important psychological factors for marketers to consider.
This document contains summaries of 5 chapters on status, dominance, and affiliation from a marketing textbook. The chapters discuss how status influences human behavior and decision-making. They explain that people seek status through domination over others or affiliation with others. The chapters also note that marketers must understand how customers perceive their own status to effectively promote products. The final chapter provides guidance on creating a better business plan with sections on objectives, promises, alternatives, team members, and financial details. The overall message is that status, power dynamics, and relationships are important psychological factors for marketers to consider.
This document contains summaries of 5 chapters on status, dominance, and affiliation from a marketing textbook. The chapters discuss how status influences human behavior and decision-making. They explain that people seek status through domination over others or affiliation with others. The chapters also note that marketers must understand how customers perceive their own status to effectively promote products. The final chapter provides guidance on creating a better business plan with sections on objectives, promises, alternatives, team members, and financial details. The overall message is that status, power dynamics, and relationships are important psychological factors for marketers to consider.
MARKETING ELIA VILLA 20-0298 CHAPTER 11: STATUS, DOMINANCE, AFFILIATION
1. Status makes things that don’t make sense to a
rational being make sense. 2. Many people would rather pick something that gives them status than something that doesn’t. 3. People spend a lot of time focusing on status, and that mindset is what makes them vulnerable to be influenced by marketing. 4. Status roles determine who benefits from society the most. 5. In every social situation, there are status roles involved even if they aren’t clear to its members. CHAPTER 11: STATUS, DOMINANCE, AFFILIATION 1. The desire to change our status is what drives us to do what we do. 2. Status is what allows bureaucracies to work: such as in the scenario of a police officer who pulls over a motorist. 3. When a marketer proposes a new idea, it challenges our status and its our decision to either accept her proposal or turn it away. 4. There’s no extreme or ceiling to status as it’s a relative element. 5. Status is most relevant when we try to change it, but it only matters to the person who cares the most about it. CHAPTER 11: STATUS, DOMINANCE, AFFILIATION 1. Shame is the status killer, and accepting shame means forgoing our status relative to somebody else. 2. Every big decision we make is based on our perceptions of status. 3. Some people might have status and believe they have a lower one, while others might have a lower status and believe they are at a higher order. That’s why status is considered to be relative. 4. Most people seek to change their relative status, but not their personal one. That determines quite a lot of a person’s psychology. 5. To bring a change to the world, we need to asume what others believe about their status. CHAPTER 11: STATUS, DOMINANCE, AFFILIATION 1. Affiliation and dominion are different ways to properly gauge status. 2. Affiliation involves getting along with others and making things better. 3. Dominion involves selfishness and power over others. Pro wrestling is a good example of dominion and how it affects status. 4. A person can get status by making others love them (affiliation) or fear them (dominion). 5. Most people only align to one of these worldviews and have trouble understanding the opposite one. CHAPTER 11: STATUS, DOMINANCE, AFFILIATION 1. A marketer’s job is to guess how their target customers perceive their status. 2. The product must promise them to increase their perceived status. 3. Most people want either to dominate others or to be affiliated to them, but what matters is not the marketer’s belief but the customer’s. 4. Dominion is a vertical experience, while affiliation is a horizontal one. What matters is either who’s above me or who’s beside me. 5. Fashion is a good example of affiliation while pro wrestling is a good example of dominion. CHAPTER 12: A BETTER BUSINESS PLAN 1. A business plan should be focused on guiding and not confusing users. 2. The business plan should be divided in five sections: truth, assertions, alternatives, people and money. 3. The truth section describes the world in objective terms, and he more specific, the better. 4. Examples of truth include: market analysis, case studies, spreadsheets and all kinds of useful facts that can help a marketer understand the world as it is. 5. Truth is the foundation of every business plan. CHAPTER 12: A BETTER BUSINESS PLAN 1. Assertions are the marketer’s chance to prove how they will change things, essentially what’s being promised to consumers. 2. Assertions seek to create tension and tell a story. 3. Assertions are at the heart of the business plan, as their purpose is to change the world for the better. 4. Despite this, assertions aren’t 100% accurate, and that’s to be expected as a marketer cannot possibly succeed at everything they promise. 5. A marketer could miss a deadline or undergo an emergency that could cause the assertions to miss. CHAPTER 12: A BETTER BUSINESS PLAN 1. Alternatives are the solution to the marketer failing to do what they promised. 2. Alternatives tell the world the second option to the marketer failing what they said they’d do. 3. Alternatives tell how the product is flexible or what can the customer do if it doesn’t meet their expectations. 4. For example, a refund policy could be an alternative to an online course not satisfying what it said it would do. 5. Alternatives bring a sense of security to customers. CHAPTER 12: A BETTER BUSINESS PLAN 1. The people section specifies who’s working to turn the projecti nto a reality. 2. The people section highlights the human element to every team. 3. The people section signifies the team’s attitudes and abilities, not exactly their resumes. 4. It can also involve who the marketer is serving or what are their beliefs. 5. The money section specifies all the financial aspects of the business plan. CHAPTER 12: A BETTER BUSINESS PLAN 1. Money means profit, los, balance sheets, margins and exit strategies. 2. The purpose of capitalism should be building our culture by providing it value, not simply profiting from other people. 3. A marketer should focus on the change they seek to make above everything else. 4. A good business plan involves an universal need made specific: describing exactly who’s going to be benefitting from having that need solved. 5. A marketer’s purpose is to bring their business plan’s story to reality. THANKS FOR YOUR TIME!