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Marketing Strategy – What Do Consumers Want in 2024?

July 24, 2024 / 04:56

This episode discusses the concepts of dignity in healthcare, the impact of AI on consumer agency, and cultural differences in perceptions of dignity.

Dan Loney speaks with Cait about the permanence and fluidity of dignity in company missions, particularly in healthcare and pharmaceuticals. They highlight how dignity is often included in corporate purposes but may not be fully integrated into consumer experiences.

Cait shares insights from research comparing perceptions of dignity across cultures, noting that while dignity in the US and India is similar, Nigerian respondents emphasize group identity and fairness.

The conversation shifts to the role of AI in consumer interactions, discussing how companies can offer choices to enhance agency. Cait mentions the importance of asking consumers about their preferences to improve experiences.

They also touch on the movement for data dignity, emphasizing the need for consumers to feel in control of their data and the potential regulatory changes surrounding AI usage.

TL;DR

The episode covers dignity in healthcare, cultural perceptions, and the impact of AI on consumer agency.

Episode

4:56
00:00:00
Dan Loney: I was gonna ask you whether or not there's a
00:00:01
permanence to this
00:00:04
concept that they have, or whether or not there's a
00:00:06
fluidity to it. And it almost seems like maybe there's a
00:00:09
little bit of both that companies have to have in this mix.
00:00:13
Cait: Yeah. It's funny.
00:00:14
If you look at a lot of company websites, they'll— especially
00:00:17
in healthcare, pharmaceuticals— to a lesser extent, some other
00:00:21
industries— you're gonna see the word dignity. It's gonna come
00:00:23
up. they built it into their stated purpose. I think that— and
00:00:28
so they have— they've taken it on as something that they
00:00:30
permanently want to pursue. But then this— the next step, which
00:00:34
is systematically building it into everything— the patient,
00:00:37
the physician, the caregiver experiences— that, that is the
00:00:41
connection that's only partially made. Another thing that's fluid
00:00:45
about it is that it may have to change across cultures. So we've
00:00:51
done some work where we've looked at, for example, what
00:00:53
dignity means for people who are in Nigeria, as opposed to people who
00:00:56
are in India, as opposed to people
00:00:57
who are in the United States. And in India
00:00:59
and the US, it's fairly similar. It has a lot to do with being
00:01:03
seen and heard. And having agency. You see those things come
00:01:06
up over and over again. Our Nigerian respondents, though,
00:01:09
talked a lot more about being treated fairly as part of a
00:01:14
group, because their group identity was extremely
00:01:17
important. We also found that Indian— or, I'm sorry, consumers
00:01:22
in the US were, of the three groups, the least sensitive to
00:01:26
the affirmation of dignity. And if you affirm their dignity, in
00:01:29
some cases, they actually think— they actually feel like, "Okay,
00:01:32
if you— if you respect me, I'm going to ask for even more from
00:01:35
you." Which, you know, could be an opportunity for firms to grow
00:01:39
too. But our consumers from other regions sometimes said, "If
00:01:44
you respect me, I might give you some grace. If I don't get
00:01:49
everything I want." So there's a substitute and a compliment
00:01:52
relationship that may be fluid across
00:01:54
different kinds of markets.
00:01:55
And so there's probably also kind of multiple reactions that
00:02:00
you will get from the consumer. In certain cases, if you don't
00:02:03
deliver, there are going to be some consumers that are going to
00:02:06
be mad, they'll go away from the company, you know, they'll
00:02:09
they'll have a big negative impact. But as you said, some
00:02:11
may have a little bit of anger or angst towards the firm.
00:02:16
Yeah, there can definitely be heterogeneity. What I'll say is,
00:02:20
on average, I don't think you make anything worse. Especially
00:02:26
if you— if you incorporate agency. So if you, early on in
00:02:30
the process, say to consumers, "Listen, we can allow you a lot
00:02:33
of choice and a lot of control. Or we can— we can, you know, help
00:02:36
you out more along the way? Which would you prefer?" "Oh,
00:02:39
look." Now, you know, somebody can say, "Listen, I don't want to
00:02:42
think about everything, I don't want all the choice." And you
00:02:45
just simply send them down one pathway or other. Now we may get
00:02:48
to a point where AI will actually be able to tell who are
00:02:51
the people who value agency at every step, and who are the
00:02:54
people that are happier to have a more supportive experience.
00:02:58
But right now, it's also not a hard thing to do to ask. And people
00:03:01
tend to be able to self report this kind of thing.
00:03:04
So you talk about the next step in the process and potentially
00:03:07
being around AI. And obviously, we're learning so much about how
00:03:11
AI is going to be impacting what we do on a daily, weekly,
00:03:14
monthly basis. I guess most companies are already starting
00:03:18
to think about so many things about AI, including this
00:03:21
component as well. - Yeah,
00:03:23
there's a big movement that has— that's focused on data dignity. And
00:03:28
these folks are pointing out again that representation,
00:03:31
which is one of these three pieces of dignity, also means not
00:03:34
being seen when you don't want to be seen. Which would mean, "I
00:03:37
don't want to be included in that data set that's used to
00:03:40
predict everyone's preferences." Or certainly, we would want our
00:03:46
data to be used in ways that we feel good about. You know,
00:03:50
otherwise, What's basically happening is our voice is being
00:03:52
co-opted by a firm. And people do not like that experience. So
00:03:57
I think, too, there— there'll be regulations about that that will
00:04:02
be— that will slowly work their way through the courts. But we
00:04:05
do need to be sensitive to the way that consumers are seen and
00:04:09
heard. And the extent to which they begin to feel that their
00:04:13
control is— is being eroded by the way that artificial
00:04:17
intelligence is used to connect with them. You know, when we
00:04:22
connect with a person, I think we're all very aware that at the
00:04:24
end of the day, we get to walk away. But if everywhere we go in
00:04:28
the environment, there is some AI reaching out to us, we lose
00:04:31
agency. And so we would probably— we're going to have to learn a
00:04:35
lot about how to— how to use that in a way that doesn't make
00:04:38
humans feel as though they're devalued relative to technology.
00:04:42
Thank you for listening to <i>The Ripple Effect</i>.
00:04:44
We hope you found this
00:04:45
episode informative and engaging. Don't forget to
00:04:48
subscribe and leave us a review so that we can continue to bring
00:04:51
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Episode Highlights

  • The Fluidity of Dignity
    Dignity varies across cultures, impacting consumer expectations and experiences.
    “Dignity means being seen and heard, but varies by culture.”
    @ 01m 03s
    July 24, 2024
  • AI and Consumer Agency
    The rise of AI raises concerns about consumer agency and control.
    “We lose agency when AI reaches out to us everywhere.”
    @ 04m 31s
    July 24, 2024

Episode Quotes

  • If you respect me, I might give you some grace.
    Marketing Strategy – What Do Consumers Want in 2024?
  • We lose agency when AI reaches out to us everywhere.
    Marketing Strategy – What Do Consumers Want in 2024?

Key Moments

  • Cultural Dignity00:51
  • Consumer Expectations01:44
  • AI Impact03:11

Words per Minute Over Time

Vibes Breakdown

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