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ConsumerBrain
Neuromarketing Research Tool




          Decoding purchasing behavior
Who we are

Synergon Consulting is a management and strategy consulting company
Projects in: Romania, Bulgaria, Ukraine, Holland, UK
Four areas of expertise:
  Corporate Strategy (M&A commercial due-diligence, industry analysis, etc.)
  Business Process Mapping & Operations Improvement
  Human Resources Management
  Marketing (customer segmentation, pricing, advertising efficiency, etc.)
We use value-added tools in our projects – ConsumerBrain is one of them




                                 Decoding purchasing behavior
Some of our clients

Financial Services   Telecom     Manufacturing   Retail/FMCG   Pharma




                               Decoding purchasing behavior
Need for objectivity in marketing


Traditional research techniques (focus groups, questionnaires)
capture what customers SAY, not what they DO
Management decisions are based on customer stated preferences
and not on their real purchasing drivers
Usual research errors for traditional techniques include: projection
bias, desirability bias, social conformity, etc.
In order to understand and anticipate behaviours, we have to focus on
measuring the triggers of behaviours



                                Decoding purchasing behavior
Neuromarketing

A new discipline emerged: neuromarketing - it focuses on analyzing and
understanding human behavior in marketing exchanges through the use
of neuroscientific methods (fMRI, MEG, PET, GSR)
It evaluates the neurological drivers (brain mechanisms) of consumer
behavior
Applies and integrates research data from: behavioral neuroscience,
psychology, physiology and marketing




                             Decoding purchasing behavior
Neuromarketing

Through extensive experimental research, there has been proved a
direct link between various brain mechanisms and specific behaviors



    Brain mechanisms                       Specific Behaviors




                               Decoding purchasing behavior
Neuromarketing

Well-known research institutes have been involved for the last decade in
mapping brain regions responsible for various human behaviors
(Harvard, Stanford, Cornell, Sackler Institute, London Business School,
California Institute of Technology, etc.)




                               Decoding purchasing behavior
Neuroscientific techniques

Behind consumer purchasing behaviors we find basic
needs: rewards, pleasure, emotions, motivations, etc.
These basic needs are determined / modulated in the brain
by several neurotransmitters (dopamine, serotonin,
noradrenalin)
Genetic differences in the systems that regulate these
chemicals determine individual differences among people
The functioning of neurotransmitters (behaviour triggers)
can be identified through the use of neuroscientific
techniques



                                  Decoding purchasing behavior
Neuroscientific techniques

ConsumerBrain is a neuroscientific technique which investigates the
functioning of brain mechanisms (neurotransmitters) in order to identify
consumer purchasing drivers and anticipate future behaviors
The tool integrates several exercises which contain only visual stimuli




                              Decoding purchasing behavior
ConsumerBrain – description

Exercises such as those comprised by ConsumerBrain have been used in the
Brain Mapping project (together with neuroimaging findings and correlative data)
to evaluate brain mechanisms.
Raw data collected (parameters such as: reaction time, number of errors, number
of trials) are interpreted using scientific research and show the functioning of
specific brain mechanisms (which influence our purchasing decisions).




                                Decoding purchasing behavior
ConsumerBrain - description

The task/exercise Affective              Studies at Oxford University,
Switching has been proved                and Emory University have
(Cambridge University, Brain                                                     Driver of
                                         mapped the functioning of the
Research Institute) to investigate the                                         Consumer
                                         “Reward brain network”
“Reward brain network”                                                          Behaviour
                                         (amygdale, corpus striatum,
(dopaminergic trajectory), which                                             (Novelty Seeking)
                                         insular cortex, cortex cingulated
determines human behaviour of            rostral and orbit-frontal median.
exploration and novelty processing.




                                         Decoding purchasing behavior
ConsumerBrain - Advantages


On-line, fast administration – approx. 50 min
Eliminates traditional research biases
Raw data obtained (reaction time, number of errors, number of trials) are
analyzed based on functional statistics emerged from extensive research
Allows easy customisation for various research objectives
Provides the most objective data for management decisions




                              Decoding purchasing behavior
ConsumerBrain - Applications

By identifying consumer purchasing drivers, the instrument can
provide valuable data for various projects:
   Customer segmentation
   Pricing
   Product design
   Increasing brand loyalty
   Improving advertising efficiency
   Emotional branding




                               Decoding purchasing behavior
Applications – example 1

Brand loyalty is due to the functioning of the reversal/extinction brain mechanism, which has
the role of up-dating our behavior/attitude based on the changes in the reward value of the
product.
This mechanism has a specific location in the brain, connecting the orbitofrontal/cingulate
cortex with nucleus accumbens and limbic system.
Differences in the functioning of this brain mechanism make people manifest a specific
purchasing behavior.
Loyalty toward a product is mediated by the consumers’ tolerance to frustration, which is
given by the functioning of the reward learning brain mechanism.
For some people, this brain mechanism is very sensitive to non-reward situations (lack of
product on shelf, higher price than expected, etc), and in this case they will tend to override
their preferences and purchase something else (cheaper, available, etc).



                                       Decoding purchasing behavior
Applications – example 2

Emotional branding implies elevating the role of emotional feelings
(besides rational information) for consumers who make purchasing
decisions.
Connecting on emotional level and triggering the desired responses means
to understand the role of all 5 senses (actually 10) involved For example,
in case of hunger sensation, besides the taste, there are also involved
the visceral and chemical senses, which integrate information from blood
and internal organs (ex. stomach).
Knowing how to integrate all senses for example in product design or
marketing campaigns would result in increased revenues.


                              Decoding purchasing behavior
If you think that finding consumer purchasing drivers is critical and
feel that objectivity of the research data is paramount important, then
                 ConsumerBrain is the right tool for you!



                 Contact us for more information at:
                             Synergon Consulting
           Cal. Victoriei nr. 136, Et. 4, Ap. 39, Sect. 1, Bucuresti
      Tel/Fax: +40 21 3100 415, Email: office@synergonconsulting.ro
       www.synergonconsulting.ro              www.consumerbrain.ro




                              Decoding purchasing behavior

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Presentation Consumer Brain

  • 1. ConsumerBrain Neuromarketing Research Tool Decoding purchasing behavior
  • 2. Who we are Synergon Consulting is a management and strategy consulting company Projects in: Romania, Bulgaria, Ukraine, Holland, UK Four areas of expertise: Corporate Strategy (M&A commercial due-diligence, industry analysis, etc.) Business Process Mapping & Operations Improvement Human Resources Management Marketing (customer segmentation, pricing, advertising efficiency, etc.) We use value-added tools in our projects – ConsumerBrain is one of them Decoding purchasing behavior
  • 3. Some of our clients Financial Services Telecom Manufacturing Retail/FMCG Pharma Decoding purchasing behavior
  • 4. Need for objectivity in marketing Traditional research techniques (focus groups, questionnaires) capture what customers SAY, not what they DO Management decisions are based on customer stated preferences and not on their real purchasing drivers Usual research errors for traditional techniques include: projection bias, desirability bias, social conformity, etc. In order to understand and anticipate behaviours, we have to focus on measuring the triggers of behaviours Decoding purchasing behavior
  • 5. Neuromarketing A new discipline emerged: neuromarketing - it focuses on analyzing and understanding human behavior in marketing exchanges through the use of neuroscientific methods (fMRI, MEG, PET, GSR) It evaluates the neurological drivers (brain mechanisms) of consumer behavior Applies and integrates research data from: behavioral neuroscience, psychology, physiology and marketing Decoding purchasing behavior
  • 6. Neuromarketing Through extensive experimental research, there has been proved a direct link between various brain mechanisms and specific behaviors Brain mechanisms Specific Behaviors Decoding purchasing behavior
  • 7. Neuromarketing Well-known research institutes have been involved for the last decade in mapping brain regions responsible for various human behaviors (Harvard, Stanford, Cornell, Sackler Institute, London Business School, California Institute of Technology, etc.) Decoding purchasing behavior
  • 8. Neuroscientific techniques Behind consumer purchasing behaviors we find basic needs: rewards, pleasure, emotions, motivations, etc. These basic needs are determined / modulated in the brain by several neurotransmitters (dopamine, serotonin, noradrenalin) Genetic differences in the systems that regulate these chemicals determine individual differences among people The functioning of neurotransmitters (behaviour triggers) can be identified through the use of neuroscientific techniques Decoding purchasing behavior
  • 9. Neuroscientific techniques ConsumerBrain is a neuroscientific technique which investigates the functioning of brain mechanisms (neurotransmitters) in order to identify consumer purchasing drivers and anticipate future behaviors The tool integrates several exercises which contain only visual stimuli Decoding purchasing behavior
  • 10. ConsumerBrain – description Exercises such as those comprised by ConsumerBrain have been used in the Brain Mapping project (together with neuroimaging findings and correlative data) to evaluate brain mechanisms. Raw data collected (parameters such as: reaction time, number of errors, number of trials) are interpreted using scientific research and show the functioning of specific brain mechanisms (which influence our purchasing decisions). Decoding purchasing behavior
  • 11. ConsumerBrain - description The task/exercise Affective Studies at Oxford University, Switching has been proved and Emory University have (Cambridge University, Brain Driver of mapped the functioning of the Research Institute) to investigate the Consumer “Reward brain network” “Reward brain network” Behaviour (amygdale, corpus striatum, (dopaminergic trajectory), which (Novelty Seeking) insular cortex, cortex cingulated determines human behaviour of rostral and orbit-frontal median. exploration and novelty processing. Decoding purchasing behavior
  • 12. ConsumerBrain - Advantages On-line, fast administration – approx. 50 min Eliminates traditional research biases Raw data obtained (reaction time, number of errors, number of trials) are analyzed based on functional statistics emerged from extensive research Allows easy customisation for various research objectives Provides the most objective data for management decisions Decoding purchasing behavior
  • 13. ConsumerBrain - Applications By identifying consumer purchasing drivers, the instrument can provide valuable data for various projects: Customer segmentation Pricing Product design Increasing brand loyalty Improving advertising efficiency Emotional branding Decoding purchasing behavior
  • 14. Applications – example 1 Brand loyalty is due to the functioning of the reversal/extinction brain mechanism, which has the role of up-dating our behavior/attitude based on the changes in the reward value of the product. This mechanism has a specific location in the brain, connecting the orbitofrontal/cingulate cortex with nucleus accumbens and limbic system. Differences in the functioning of this brain mechanism make people manifest a specific purchasing behavior. Loyalty toward a product is mediated by the consumers’ tolerance to frustration, which is given by the functioning of the reward learning brain mechanism. For some people, this brain mechanism is very sensitive to non-reward situations (lack of product on shelf, higher price than expected, etc), and in this case they will tend to override their preferences and purchase something else (cheaper, available, etc). Decoding purchasing behavior
  • 15. Applications – example 2 Emotional branding implies elevating the role of emotional feelings (besides rational information) for consumers who make purchasing decisions. Connecting on emotional level and triggering the desired responses means to understand the role of all 5 senses (actually 10) involved For example, in case of hunger sensation, besides the taste, there are also involved the visceral and chemical senses, which integrate information from blood and internal organs (ex. stomach). Knowing how to integrate all senses for example in product design or marketing campaigns would result in increased revenues. Decoding purchasing behavior
  • 16. If you think that finding consumer purchasing drivers is critical and feel that objectivity of the research data is paramount important, then ConsumerBrain is the right tool for you! Contact us for more information at: Synergon Consulting Cal. Victoriei nr. 136, Et. 4, Ap. 39, Sect. 1, Bucuresti Tel/Fax: +40 21 3100 415, Email: office@synergonconsulting.ro www.synergonconsulting.ro www.consumerbrain.ro Decoding purchasing behavior