20 Questions
What is the purpose of neuromarketing as mentioned in the text?
To manipulate consumers without their knowledge
What does the experimental store mentioned in the text allow market study agencies to do?
Test new packaging and placements on store shelves
What is the purpose of the strange-looking pair of glasses worth 20,000 euros mentioned in the text?
To track the eye movements of consumers
What is the main purpose of the electromyograph developed by Olivier Drewler?
To measure brain activity while watching advertising
What is the role of Eric Sanglo at BVA, the market study agency, as mentioned in the text?
He tracks consumer behavior in stores using eye trackers
What is the significance of the statement 'neuromarketing is a taboo subject among companies of the 21st century'?
It highlights the controversial nature of neuromarketing techniques
What do the glasses with a system of red dots, mentioned in the text, do?
Record each movement of the eye to the nearest millisecond
Why do companies use neuromarketing techniques, according to the text?
To manipulate consumer decision-making without their knowledge
What does the electromyograph measure according to the text?
'Brain activity' while watching advertising
'Without us knowing' implies that consumers are unaware of:
'The manipulation' occurring through neuromarketing
What was one of the main challenges faced by Nike in 1984?
Competition from established brands like Adidas and Converse
Why did Michael Jordan initially resist signing with Nike?
He had a strong preference for Adidas due to their track suits and three stripes.
What did Michael Jordan not like about Nike's shoes at the time?
The high soles
Who was Nike's creative director at the time of signing Michael Jordan?
Peter Moore
How did Peter Moore address Michael Jordan's concern about the height of Nike's soles?
He figured out a way to lower the air unit to meet MJ's requirement.
What colorway pattern did Peter Moore use for the first Air Jordan model to match MJ's Chicago Bulls jersey?
Black and red
Who coined the iconic name 'Air Jordan' for the brand?
David Fox and Rob Strasser
Why did Michael Jordan resist meeting with Nike initially?
'I don't want to go' after a long season and finishing the Olympics.
What was Nike's motivation for creating the perfect shoe for Michael Jordan?
'To boost their profile on the court' as well as 'bring fresh eyes to Nike.'
Why was it a tricky task to design Michael Jordan's first Air Jordan Model?
MJ had specific demands that were hard to meet.
Study Notes
Neuromarketing
- Neuromarketing is used to understand consumers' unconscious reactions to products and advertising
- It aims to measure brain activity to identify what triggers emotional responses in consumers
Experimental Store
- The experimental store allows market study agencies to observe consumers' behavior in a realistic shopping environment
- It is equipped with cameras, sensors, and other devices to track consumers' actions and reactions
Glasses with Red Dots
- The glasses with a system of red dots track eye movements to identify what catches consumers' attention
- They cost 20,000 euros and are used in neuromarketing research
Electromyograph
- The electromyograph measures facial muscles to detect emotional responses to products or advertising
- It was developed by Olivier Drewler
Eric Sanglo
- Eric Sanglo is the director of BVA, a market study agency
- He is involved in neuromarketing research and studies consumer behavior
Taboo Subject
- Neuromarketing is a taboo subject among companies due to concerns about privacy and manipulation of consumers
Companies' Motivation
- Companies use neuromarketing techniques to understand consumers' unconscious reactions and create more effective advertising and products
- They want to know what triggers emotional responses in consumers to influence their purchasing decisions
Unconscious Reactions
- Neuromarketing aims to understand consumers' unconscious reactions, which they may not be aware of themselves
- The phrase "without us knowing" suggests that consumers may not realize what drives their purchasing decisions
Nike and Michael Jordan
Challenges Faced by Nike
- One of Nike's main challenges in 1984 was to create a brand that could compete with established brands like Adidas and Converse
Michael Jordan's Initial Resistance
- Michael Jordan initially resisted signing with Nike due to concerns about the brand's reputation and quality
- He also didn't like Nike's bulky shoes at the time
Peter Moore's Solution
- Peter Moore, Nike's creative director, addressed Michael Jordan's concerns by creating a shoe that was both stylish and high-quality
- He used a colorway pattern to match Michael Jordan's Chicago Bulls jersey for the first Air Jordan model
Air Jordan Brand
- The iconic name 'Air Jordan' was coined by Peter Moore
- Nike's motivation for creating the perfect shoe for Michael Jordan was to associate the brand with a successful athlete
Design Challenges
- Designing Michael Jordan's first Air Jordan model was a tricky task due to his specific requirements and concerns about the height of the soles
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