WELCOME TO OUR BLOG!

The posts here represent the opinions of CMB employees and guests—not necessarily the company as a whole. 

Subscribe to Email Updates

BROWSE BY TAG

see all

What is the Next Normal & How To Plan For It?

Posted by Courtnie Hallendy

Wed, Apr 22, 2020

Think about this…is your “normal” household (i.e. the one you remember from February) going to be changed, in some way shape and form, by what we are going through right now? If your household is like mine, the answer is probably yes. For example, do I think my husband will continue to get excited about making dinner? No. But do I think that the way we shop for food will be different for some time? Absolutely. This got me thinking about incidence and impact…how many consumers are going to be impacted (both foreseeable now and not), and to what degree?

Honestly, I don’t know, which is especially unnerving for someone who gathered consumer sentiment and helped inform business strategies for Toyota Financial Services during the financial crisis and a massive product recall – both impacting millions of people. After the initial shock of those unique situations wore off, we realized that we quickly needed a plan. We needed to know what was going on, what could potentially happen in the future, how does this impact our brand equity, and what do we need to do to come out just as strong, if not stronger. I’m not saying that those two incidents are anything like our current crisis, but I do think that the need for a plan is just as strong. Right now, we don’t know what is next, but that doesn’t mean that we can't be learning all we can to help our businesses during and after this crisis.

After listening to my colleague Lori Vellucci, VP of Financial Services, and Mack Turner, a Global Insights & Innovation leader, discuss insights from the second wave of our COVID-19 consumer sentiment tracker in “Navigating the Next Normal”, I started to chart out what we need to be looking at (and looking for) to wrap our heads around this.

OUR VALUES

The current crisis is different than any I have been through in large part because of the cause. Health. Global health, health of our communities, and health of individuals. We are inundated with messaging about being in this together and getting through this together. The call for collective values to align is something that will likely impact consumers, to some degree, forever. Our sentiment tracker data shows that in a three-week time period, people express an increased concern for the health of their family and communities, while concerns for their own health is unchanged.

COVID Wave 2 Next Blog Slide 11

Mack and Lori talked a bit about this data point in the discussion and I agree that this is an indicator that people are thinking more about others than themselves. So, how does this factor into our plans? What do we, as an organization, need to think about (or change) in how we build and communicate our products and services?

To answer those questions, our plan needs to look at how shifts in values impact our brand, products, and/or services. I had a discussion last week with a client that touched on this – when can we include non-COVID messaging in our advertising and communications? How will people perceive us when/if we do? What are the things we need to focus on in future communications? This is not something we can get the answer to immediately - it may be quite some time before we really know the degree to which things have changed. This is where is it important for us to include monitoring of these shifts in our plan and insights.

OUR BEHAVIORS

Building off changes in consumer values, our plan should include information on how consumer behaviors changed. If we agree that values, to some degree, will be forever changed then it is safe to believe that behaviors will as well. Said in marketing research terms: how are my customer’s journey and consideration set impacted?

Let’s take the example above about community health. We are already seeing behavioral shifts to demonstrate this through face masks. But, how long and for how many will this continue to be part of their decision process? If I were in the retail or dining industries, I would want to know what behaviors, related to masks, people expect within my establishment.

Another part of the plan would be to understand how things that I “have” to do now may impact how I consider doing things in the future. In the discussion, Lori and Mack talk about grocery delivery, but another related example is online shopping. 42% say they are doing more than before and about half plan to continue to do this more when life goes back to normal.

COVID Wave 2 Next Blog Slide 17

A behavior shift like this doesn’t just impact big box store traffic or Amazon shopping. Consider for a moment a small business located in the nearest downtown to you. If you are the small business, then forecasting a decrease in foot traffic will be important in future planning. If you count small businesses as customers of yours (financial services or telecommunications, for example), then what will they need from you to adapt to this shift?

WHAT'S NEXT?

Many businesses are going to continue being impacted by this global pandemic. Our consumers’ forced behaviors should be part of your plan to deliver on their evolved needs. Consider how your goods/services align with their shifts in values and behaviors; are some of these shifts only temporary? What if they are not?

Mack brings up the example of a shift to online app usage for financial services. These “new” customers to the app may have different needs or expectations from our previous customers. The values and behavioral data informing the plan should provide the business with the information needed to address this. Let’s not forget, though, we will need to understand internal data as well. How does the increase in usage impact other areas of the business (call centers, online agent chats, etc.)?

Navigating Next Normal Quote - Customers

These are challenging, frustrating, and uncertain times, to be sure. That said, I am looking forward to helping my clients plan for the next normal. Consumer behaviors, psychology, and motivators have always interested me and that is why I went into this field. So…what’s next?


Courtnie HallendyCourtnie Hallendy is an Account Director at CMB, with more than 15 years of experience in market research on both the client and vendor sides of the business.

For more insights, please follow us on LinkedIn, Facebook, and Twitter.

Topics: strategy consulting, marketing strategy, Consumer Pulse, market strategy and segmentation, COVID-19, consumer sentiment

Buyer (and Seller!) Beware: The Emotional Bias in User Reviews

Posted by Dr. Erica Carranza

Wed, Mar 04, 2020

In 2006, psychologist Daniel Gilbert published a book called Stumbling on Happiness. It posed a provocative question: “Think you know what makes you happy?”

Spoiler alert! You don’t.

SoH_book

The basic premise is that people are bad at predicting what will make them happy in the future. But they know when they’re happy now. In fact, scientists who study emotion generally agree that the best way to learn how someone is feeling at a given moment is not to scan their brain or read their face—it’s to ask.

So, according to Gilbert, the best way to predict whether something will make you happy in the future is to ask people who are experiencing it now: How does it them feel?

This speaks to the awesome utility of user reviews—some of which are also fun to read. (A special shout-out to the Amazon shoppers who’ve reviewed BiC’s Retractable Ball Pens “For Her”…)

Bic_review

But while user reviews can be quite helpful, most have a built-in bias: The people who write them tend to be experiencing emotions high in activation.

Emotional activation is one of two dimensions that underly all emotion; the other is valence.

  • Valence is the intensity of a positive or negative feeling
  • Activation is the amount of physical energy associated with it

They are often correlated, but they aren’t the same. Take, for example, feeling angry vs. feeling sad: Anger and sadness can feel equally and intensely bad in terms of valence. But anger is high in activation. It’s agitating and makes people want to act. By contrast, sadness is low in activation. It’s wearying and makes people want to withdraw.Core_emotion

Critical user reviews tend to come from customers feeling negative high activation emotions (e.g., anger, frustration or disgust) because they want to funnel that energy into something—like calling customer service, lodging a complaint, quitting the brand, or venting their feelings in other ways. Incidentally, that’s also the reason why stories about brands that spark moral outrage are particularly likely to go viral. (Don’t believe me? Just ask United Airlines.)

Negative low activation emotions (e.g., feeling disappointed or discouraged) can be damaging in their own ways—for example, when they lead customers to quietly lapse. But those customers are much less likely to raise a fuss or write a scathing review. 

The same goes for positive emotions: Inspiring high activation positive emotions (e.g., excitement, delight or pride) leads customers to do things like proactively recommend the brand or take time to write a glowing review. Positive low activation emotions can be good too—for example, in financial services, making customers feel comfortable and secure drives retention. Still, customers who feel comfortable and secure aren’t likely to shout it from the rooftops.

In short, user reviews only tend to capture extreme poles within the top two quadrants of emotional experience:  Customer_quad

But if we can’t rely on user reviews to give us the full picture, what can we do to predict how a brand will make us feel?

As luck would have it, at CMB, we just fielded a major study on the psychological benefits delivered by a range of brands. We had a nationally representative sample of over 20,000 people. And, to assess the emotional impact of using each brand, we applied our proprietary measures of valence and activation—so the results are perfect for (among other things!) identifying brands that make people feel great.

This brought to mind Stumbling on Happiness and got me wondering… What brands should I be considering? I can’t disclose all our results, but I can share a few things that I plan to do differently based on our findings:

  • First, I’m going to use PayPal more often. We found that, for most people, using PayPal inspires low activation positive emotions like security, peace and calm—and that’s exactly how I want to feel when I’m sharing my financial data. (Interestingly, Netflix also scores well on low activation positive emotions, bringing new meaning to the phrase “Netflix and chill”.)
  • I’m also going to surprise my kids with Mario Kart, which drives high activation positive emotions for players. But I’m sticking to my hard “no” on Fortnite. Fortnite makes players feel a whole host of negative emotions, and middle school is hard enough as it is…
  • It’s not just Fortnite! We identified many brands that trigger negative emotions—including specific financial institutions, tech brands, and media IPs like Game of Thrones. (The latter really resonated for me—the final season made me so mad I blogged about it.) There are even whole sub-industries that evoke negative emotions—like cable providers.
  • I can’t drop my cable provider. What I can do is spend more time managing my investments, which—under normal, non-epidemic circumstances—generates surprisingly strong positive emotions. In fact, we found that investing with companies like Fidelity and Vanguard feels as good as shopping Amazon or watching Star Wars, and better than checking Instagram—the top social media platform in terms of eliciting positive emotions. To quote my colleague Lori Vellucci, who discussed this in her blog Social Detox, Financial Retox: “If you want to feel really good in 2020, log off social media and invest with a financial services firm!”

Our research also has implications for brands regarding the critical importance of understanding the emotions expected and experienced by their target consumers in terms of both valence and activation.

  • To motivate the kinds of actions that support customer acquisition—like trying the brand or recommending it to friends—brands need strategies that inspire positive, high activation
  • To improve retention, they need strategies that cultivate the comforting sense of inertia that flows from positive, low activation Particularly in industries, like financial services and tech, where peace of mind is key to customer satisfaction.
  • To minimize fallout from negative, high activation emotions, brands need channels that enable customers’ frustrations to be expressed privately, addressed efficiently, and tracked in order to see whether the same issuers are irritating others.
  • To prevent attrition from customers feeling negative, low activation emotions, bands need strategies for flagging them—since they may not be making much noise—and fixing the issues they find disappointing or draining.
  • To attract new customers, brands must also manage prospects’ emotional expectations. Anticipating negative emotions—whether high or low activation—is a strong barrier to brand consideration.

Understanding brand performance in each emotional quadrant is one of the ways we help our clients inform strategies that are high in consumer EQ. And that’s the real reason we do this research—to help our clients.

Implications for how to live life more joyfully are just the cherry on top!


Erica CarranzaErica is CMB’s VP of Consumer Psychology. She holds a Ph.D. in psychology from Princeton University. Prior to CMB, she led insights research at American Express, where she was a recipient of the CMO Award for Achievement in Excellence.

Follow Chadwick Martin Bailey on Facebook, LinkedIn, and Twitter for the latest news and updates.

 

Topics: marketing strategy, brand health and positioning, BrandFx, consumer psychology

Was a Gender-Neutral Doll the Right Move for Mattel?

Posted by Dr. Erica Carranza

Fri, Oct 04, 2019

MattelCreatableWorldSized

Did I ever tell you about my dissertation…? Wait, don’t go! I promise it’s interesting.

It was 2002. My advisor and I had been studying gender stereotypes, which we found were still depressingly pervasive. Then, for my dissertation, I examined reactions to men and women who broke the mold. I thought that people would dislike stereotypically masculine (e.g., ambitious) women and feminine (e.g., sensitive) men, but try to hide it—so I measured their emotional reactions using facial EMG.

Facial EMG involves placing pairs of electrodes over muscles that contract when we frown or smile, as shown on the Mona Lisa. (My apologies to any art history majors out there.) People can’t mask the immediate, involuntary emotional reactions that register in their faces. Most of that muscular activity is too fast and too subtle to be captured by human or computer/AI-based facial coding, but EMG captures it well. At CMB, we have a method of measuring emotional reactions tailored to market research—it does an excellent job and doesn’t involve electrodes. But if you expect people to actively lie about their feelings, facial EMG is the way to go.

EMGmonaCrop2

What did I find in analyzing literally millions of milliseconds of facial activity? Feminine men elicited warm smiles from women—but were laughed at by other men. And masculine women were universally reviled. Lots of eyebrow furrowing. People didn’t even try to hide it.

Add this to the many other forces that encourage adherence to gender norms—like the manly men and womanly women portrayed in everything from blockbuster movies to local ads—and it’s no shock that kids learn gender roles early. Kids are perceptive. They see stereotypical male and female characters held-up as ideals in toys and on TV, and can easily infer what’s expected of them.

In this way, gender stereotypes are both pervasive and constraining, like invisible straightjackets we wear everyday—we don’t have to let them confine us, but the pressure is always there.

That leads me to Mattel and Creatable World, their new gender-neutral doll. According to their official tagline, it’s “designed to keep labels out and invite everyone in—giving kids the freedom to create their own customizable characters again and again.”

Here is a major toymaker refusing to communicate an expectation that “boys will be boys” and “girls will be girls.” This is huge. Especially when we consider the crucial role of play for kids in imagining possibilities, exploring interests, connecting with others, and discovering oneself.

So did Mattel do the right thing from a moral perspective?

Yes. No doubt in my mind. When kids don’t feel the need to live-up to masculine and feminine ideals, they get to be who they are without pressure or fear of reprisal. They can be smart, compassionate, strong, expressive, ambitious, fashionable, funny—or all of the above. It’s up to them!

But Mattel is a publicly traded company looking for healthy profits. Particularly nowadays, when so many things—online and off—compete for kids’ time and attention. So it’s also worth asking:

Was a gender-neutral doll the right move from a brand perspective?

Again, I’d say yes. It’s exactly the right move. Why? Because of the crucial role identity benefits play in driving brand appeal.

At CMB, we’ve identified four key psychological benefits brands need to deliver in order to drive appeal:

  • Functional Benefits (e.g., “checking-off” goals or to-dos; saving time; saving money)
  • Social Benefits (e.g., sense of community; conversation; social connection)
  • Emotional Benefits (e.g., positive feelings; enhanced joy; reduced pain)
  • Identity Benefits (e.g., pride and self-esteem; self-expression; a positive self-image)

We leverage all four in BrandFx, our proprietary approach to helping clients achieve brand growth. In fact, we recently fielded a BrandFx study with over 20,000 U.S. consumers. In total, they provided nearly 40,000 evaluations of major brands across multiple industries. We’re still knee-deep in analysis (more blogs to come as we roll-out our results!), but so far this much is clear:

Identity benefits are particularly important.

That holds true across brands and industries—even “rational” industries like financial services. But it’s especially true for brands in the entertainment space, like Mattel. With Creatable World, Mattel is helping kids explore, express, and embrace their unique identities with a doll that offers more possibilities and imposes fewer constraints. This will pay off in kids’ interest and engagement.

Yes, many parents may be against it. But I have two things to say about that based on what we’ve seen across multiple studies:

First: Kids tend to drive toy purchase trends. They see, they like, they ask… and ask… and ask… And parents want their kids to be happy, so kids often get what they want—even when their parents feel ambivalent about it.

Second: Most parents aren’t morally opposed to their kids playing with toys associated with the opposite gender. It’s that they’re afraid of other kids’ reactions. As a parent, I can relate. There are times I’ve steered my boys away from things that I thought might lead to the spirit-crushing, innocence-busting experience of being ridiculed by peers. But when parents see evidence of shifting norms and acceptance among kids, their fears will diminish—and the fact the Mattel has released a gender-neutral doll is evidence in itself. After all, Mattel knows kids, and they put a lot of money on the line. So, if my boys want a Creatable World doll, it’s theirs. Because what I really want is for them to be able to choose their paths—and feel valued for the amazing, unique individuals they are—without having to squeeze themselves into a narrow vision of what it means to be a man.

If change is on our doorstep, I’m ready to welcome it in, and I’m likely not the only parent who feels this way.

 


Erica CarranzaErica has a B.A. from Wellesley College and a Ph.D. in psychology from Princeton University. Prior to CMB, she led insights research at American Express, where she was a recipient of the CMO Award for Achievement in Excellence.

Topics: marketing strategy, brand health and positioning, digital media and entertainment research, growth and innovation, Identity, emotion, BrandFx, consumer psychology

Wear Your Brand Hat to Ensure Segmentation Adoption

Posted by Brenda Ng

Tue, Sep 24, 2019

Wear Your Brand HatThe best segmentation is wasted if your internal teams and agencies aren’t using it.  Compared to a one-time launch event, an adoption campaign takes place over time, and allows for new behaviors and an understanding of the target segments’ lens to groove.   

Brand Hat

Create and have fun with an adoption campaign by putting on a brand and product management hat.

  • Target: Which groups should adopt the new segmentation?  Marketing, sales, product, executive leadership, agencies, finance, customer service?  This determines the scope and reach of the campaign.
  • Goals: Focus on deep understanding of your prioritized, target segments, not necessarily every category segment.  What behaviors do you want to see?
  • Duration: Like any product launch, the campaign could be broken down into three parts: pre-launch to anticipate and raise awareness; launch to introduce; and post-launch to provide reinforcement.
  • Naming: Own it!  Create a name for the campaign that links to the segments or the benefit of transitioning to a new segmentation.  It can be activated during the pre-launch, teaser phase.  For example, “Coming soon.  A Fresh Perspective.”  Or “They’re arriving.  The Fabulous Four.”

Fun. Fit.

A bevy of fun, engaging ideas can be modified to fit your company’s culture or industry.  Everyone has a different learning style, so mix it up to dial up the reach.  A few jump-start ideas:

  • Create each segment’s LinkedIn profile. Or create Tinder profiles.
  • If each segment had an Instagram account what would that look like? If you have the budget, provide instant cameras, assign a segment to a team (or better, have a team member complete the algorithm to determine their segment), and have them complete a scavenger hunt using snapped pictures.  Use cellphone cameras for a no-budget option.  Or create a Fun Friday where each team dresses up like a segment, brings a segment’s favorite foods to share, plays their anthem in the background—and the other teams guess the segment.
  • Create an internal website or database that has the facts, figures, sizing, valuation, etc. to be used in estimates, forecasting, and modeling.
  • Rename conference rooms by segment name, for 3-6 months. One conference room per segment. Further bring the segment to life through decorations, and interactive experiences.

Brief Details

Small details matter to reinforce adoption of the new target segments. 

Refresh templates for creative briefs, new product briefs, and market research briefs to include a trigger:  Which target segment is this effort for?  Leave space to include important insights and numbers.

Now, you have the keys to a successful segmentation.  We’re happy to help.


Brenda NgBrenda Ng, VP of Strategy and Account Planning, spearheads CMB's engagement solutions from product development to strategic planning.

For more insights, please follow us on LinkedIn, Facebook, and Twitter.

Topics: product development, marketing strategy, market strategy and segmentation, brand tracking, experiential marketing, engagement strategy

Strength-Based Leadership and Finding the #Boss Within

Posted by Blair Bailey

Wed, Jul 06, 2016

A few weeks ago, I relinquished my year-long membership to the "Broken Screen Club" and bought asgo-logo-home.png new phone. It was a good opportunity to clean up the apps I didn't need. I had two meditation apps, two fitness tracker apps, three nutrition apps, four dating apps, and two hydration-tracking apps. If there was a gap in my life, I had an app for it. 

I was an expert at pinpointing what I wanted to improve about myself and identifying the tools to do it...but was it working? Using these apps reminded me to drink water, but they also served as a constant reminder that I was bad at regularly drinking water.

Recently, I attended Strength-Based Leadership Workshop presented by She Geeks Out (SGO), a Boston-based community of women in the STEAM fields. The workshop was led by Katie Greenman, Founding Partner of HumanSide, a "human-centered consultancy" that works with individuals, teams, and organizations to build success from the inside out. Through activities and lively discussion, we discussed the concept of strength-based leadership and how to apply it in our personal and professional lives.

When it comes to introspection and self-improvement, it’s natural to focus on what’s wrong rather than what’s right. Strength-based leadership focuses on emphasizing an individual’s existing strengths and passions. The core belief is that there is higher growth potential in developing strengths rather than focusing on weaknesses.

At the workshop, everyone had a worksheet with about thirty traits listed and had to circle which traits we considered our strengths. For each of the traits listed, I wanted to brainstorm how I could improve on it rather than see if it was already a strength of mine. Next, we listed items from one aspect of our lives and discussed how our existing strengths would help or had helped us achieve our goals.

The last item was: "Something you're not doing so well with." It was easy for me to come up with something to improve upon...but how would my known strengths help? The takeaway is one of the central tenants of strength-based leadership—whether you're succeeding or not at a task, you should focus on your existing strengths to improve or to continue to excel.

Although the exercises focused on the individual, they can also be applied to teams. Focusing on strengths rather than weaknesses allows for diverse, passionate teams that can excel at the tasks at hand. It also creates a stronger relationship between a company's leadership and its employees. Acknowledging your employees' passions can build enthusiasm and promote evangelism. It's important to note that strength-based leaders don't ignore weaknesses altogether. However, they don't focus the majority of their time and efforts on filling the gaps.

Since attending the workshop, I’ve realized how much strength-based leadership plays a role at CMB. I’ve been assigned difficult projects and given unfamiliar roles that I was at first terrified to take on. But during one-on-one meetings, when I was internally panicking, my manager would tell me, “we thought of you for this.” Through challenges we reveal skills that are valuable to a project, a team, and the company as a whole.

Thanks to my "perfectionist" trait, it's still difficult for me not to focus on the negative, particularly my own. SGO's workshop provided me with a new perspective on how to approach my projects, my career, and myself. I still have more than one meditation app, but if that's the worst of it, I think I'll be okay.

Blair Bailey is a Senior Associate Business Analyst at CMB who still doesn’t drink enough water.

Whether you’re a segmentation guru, a tech whiz, or a strategic selling machine, we’re looking for collaborative, engaged professionals to join our growing team. Check out our open positions below!

Open Positions

Topics: Chadwick Martin Bailey, marketing science, marketing strategy, CMB Careers, Market research