Marketing-Thema.com

China Is Already The Largest Economy, Tech and scientific Power, and China has the soundest growth fundamentals!

…. China rivals the US in advanced technologies and will probably take the lead in five years. Since 1984, per capita incomes have risen more than 30 times, life expectancy has increased by a decade and poverty rates have fallen nearly to zero. In 1990, China’s first stock market was launched, designed by seven young patriots who I knew. Since then, it has become the second largest in the world…

… China’s economy is roughly the same size as the US’s and expanding at a faster pace — so time is on China’s side. It has a growing population of well-educated people, with around a third of the world’s science and technology university majors, three times the US share. It also produces and collects vastly more data to process with artificial intelligence. For many in the west, this has a dark side in terms of state surveillance. But for many Chinese it reinforces positive social norms while also promising vast efficiencies. One way to look at China’s relative power is that, with four times the US population, when its per capita income reaches half the US’s in about 25 years, its economy will be twice as large…

Author: Ray Dalio, https://www.ft.com/content/8749b742-d3c9-41b4-910e-80e8693c36e6

The system is going through a global crisis … a corrupted economic, financial, academic system, the moral values that drive it, the political order, the meaning and purpose for which humans rise every morning to produce and contribute to society and the human adventure … this order is in deep and terminal crisis! The adventure will be short lived and reminds us that what was built on unhealthy foundations never lasts.

This system was intended to aggregate resources (human, economic, moral, etc.) to achieve an unstated goal, the majority of people never ask these questions drowned in their daily lives and concerns very futile and puerile. I am one of those who do not regret the old order because I understood its nature a long time ago, a little too early! We are in a messed up world where everything has to be rebuilt and it starts with sound foundations: simplicity, authenticity, and meaning are the values of the future!

YB

Changes in the way customers shop, accompanied by an explosion of customer touchpoints and fast-changing competitive and technological dynamics, have led to an increased emphasis on agile marketing. This Journal of Marketing article investigates the emerging practice of marketing agility. Journal of Marketing Webinar: October 14, 2020 Featured Speakers: Kartik Kalaignanam (University of South Carolina) and Tarun Kushwaha (George Mason University)

Full Journal of Marketing article: https://doi.org/10.1177%2F00222429209…

Read more about this study: https://www.ama.org/2020/10/14/how-to…

Digital advertising revenues grew from nothing to $108 billion in 25 years, eclipsing all traditional advertising media combined. Yet there are indicators that unregulated markets for digital advertising have experienced problems. This Journal of Marketing article seeks to help marketers and policymakers understand four pervasive issues in digital advertising markets and how they impact market efficiency. The authors discuss problems associated with advertising effect measurement, organizational inefficiencies in advertising, ad blocking, and ad fraud and solutions for marketers. Journal of Marketing Webinar: October 14, 2020 Featured Speakers: Ken Wilbur (UC-San Diego) and Zsolt Katona (UC-Berkeley)

Full Journal of Marketing article: https://doi.org/10.1177%2F00222429209…

Read more about this study: https://www.ama.org/2020/04/30/what-p…

Ecosystem goal: The Role of Business and Marketing in the BIG Picture Multiple factors determine health outcomes. As the current pandemic shows, health outcomes are the result of interactions across global and social elements, technology, governments, and organizations. Thus, to tackle health problems, marketing should work more with the parties that it has not done so very often in the past. For example, collaborative work with global organizations such as WHO, WTO, and COP can be advantageous. Switching the focus from the ecosystem level to the individual level, marketing should note that technology can be readily adapted to encourage behavioral changes that promote better health outcomes. For example, smartphones can be powerful if combined with tailored messages alerting patients when to take their medications. We can study the efficacy of the types of text messages across segments of patients to understand which types of message are most successful at promoting positive behavioral changes.

Improving business practices via automated data analysis! The idea is to play with several variables, test various models without having to be an expert or master all the methods! Thanks to the artificial intelligence guiding the business user during the data exploration process! Automation Is Changing Data Science and bridging the gap between data science teams and business users …

Dorling, D. (2020). Slowdown: The End of the Great Acceleration–And Why It’s Good for the Planet, the Economy, and Our Lives. Yale University Press.

You can read this article:

Schmittmann, V. D., Cramer, A. O., Waldorp, L. J., Epskamp, S., Kievit, R. A., & Borsboom, D. (2013). Deconstructing the construct: A network perspective on psychological phenomena. New ideas in psychology, 31(1), 43-53.

The method is not a methodology revolution but it’s an original contribution to deal with concepts! The approach is focusing more on the concepts as dynamic networks of relation. It’s an interesting perspective and the authors did a nice pedagogic job to make things easier to understand and apply.

YB