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Marketing Strategy – What Do Consumers Want in 2024?

July 24, 2024 / 04:56

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

Dan Loney speaks with Cait about how companies, particularly in healthcare and pharmaceuticals, incorporate dignity into their purpose. They highlight the importance of systematically building dignity into patient, physician, and caregiver experiences.

Cait shares findings from research comparing perceptions of dignity in Nigeria, India, and the United States. While dignity in India and the US focuses on being seen and heard, Nigerian respondents emphasize group identity and fairness.

The conversation shifts to the role of AI in consumer interactions, with Cait explaining how companies can enhance agency and choice for consumers. They discuss the balance between control and support in consumer experiences.

Lastly, Cait addresses the emerging movement of data dignity, emphasizing the need for consumers to feel respected in how their data is used and the potential regulations that may arise.

TLDR

The episode covers dignity in healthcare, AI's impact on consumer agency, and cultural perceptions of dignity across different countries.

Episode

4:56
00:00:00
Dan Loney: I was gonna ask you whether or not there's a permanence to this 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 little bit of both that companies have to have in this mix.
00:00:13
Cait: Yeah. It's funny. If you look at a lot of company websites, they'll— especially
00:00:17
in healthcare, pharmaceuticals— to a lesser extent, some other 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 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 is systematically building it into everything— the patient,
00:00:37
the physician, the caregiver experiences— that, that is the 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 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 are in India, as opposed to people
00:00:57
who are in the United States. And in India 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 up over and over again. Our Nigerian respondents, though,
00:01:09
talked a lot more about being treated fairly as part of a group, because their group identity was extremely
00:01:17
important. We also found that Indian— or, I'm sorry, consumers 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 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 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 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 relationship that may be fluid across
00:01:54
different kinds of markets. 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 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 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. 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 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 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, 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 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 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. 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. 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 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 to think about so many things about AI, including this
00:03:21
component as well. - Yeah, 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, 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 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 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 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 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 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 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 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 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 humans feel as though they're devalued relative to technology.
00:04:42
Thank you for listening to <i>The Ripple Effect</i>. We hope you found this
00:04:45
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00:04:51
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Episode Highlights

  • The Fluidity of Dignity
    Dignity varies across cultures, impacting consumer expectations and experiences.
    “Dignity may have to change across cultures.”
    @ 00m 45s
    July 24, 2024
  • AI and Consumer Agency
    AI's role in consumer experiences raises concerns about control and representation.
    “We lose agency.”
    @ 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.
    Marketing Strategy – What Do Consumers Want in 2024?

Key Moments

  • Cultural Dignity00:45
  • AI Impact04:31

Tension Over Time

Words per Minute Over Time

Vibes Breakdown