Tropicana Packaging Analysis Realeyes – the Google of Emotions.

Slides:



Advertisements
Similar presentations
Market Bias Forecast July 2007 Copyright 2007, A New Story Foundation, Inc All rights reserved.
Advertisements

Scatterplots and Correlation
Unit 4 Business Communication
BU1004 Week 3 expected values and decision trees.
ISQA 510 New Product Introduction (NPI) Lecture 4.
Chapter 2 Data Patterns and Choice of Forecasting Techniques
Quantitative Decision Making and Risk Management CS3300 Fall 2015.
Strategic Planning: Making Choices in a Dynamic Environment
CHAPTER 4: Scatterplots and Correlation ESSENTIAL STATISTICS Second Edition David S. Moore, William I. Notz, and Michael A. Fligner Lecture Presentation.
Compass: Module 2 Compass Requirements: Teachers’ Overall Evaluation Rating Student Growth Student Learning Targets (SLTs) Value-added Score (VAM) where.
Business Policy and Strategy Lecture Recap MEANS FOR ACHIEVING STRATEGIES – Joint Venture – Mergers and acquisitions – Leveraged Buyouts (LBOs)
1 Strategy Analysis & Choice Establishing long-term objectives -- Generating alternative strategies -- Selecting strategies to pursue -- Best alternative.
Measuring emotions Best Way to Test Predict behaviorReported behavior Cost & time prohibitive Cost & time efficient Face-to-face: -Focus groups -Depth.
Lecture PowerPoint Slides Basic Practice of Statistics 7 th Edition.
Introducing Unit Specifications and Unit Assessment Support Packs Physical Education National 3 to 5.
Copyright 2000 Prentice Hall2-1 Chapter 2 Strategic Planning: Making Choices in a Dynamic Environment.
3.3 MARKETING MIX PRODUCTPRICE PROMOTION PLACE P P PP.
Think of two characters in Of Mice and Men who affect the outcome of the story. Discuss the actions and interactions of each character. Also, discuss how.
1.1.1 The market - syllabus Candidates should be able to: Define mass & niche markets; calculate market size & market share; assess the value of brands.
Template provided by: “posters4research.com” 44 survey participants 68% either strongly agreed or agreed that nutrient labels affect choices 82% say that.
Geoaudit Ltd1 3 rd Party Quality Evaluation Experience with the finnish TDB
Sports and Entertainment Marketing © Thomson/South-Western Do Now List the three note taking strategies that work best for you. Chapter 2 Slide 1.
Analyzing Financial Statements 12.3 in textbook.  Income Statement- Summarizes the items of revenue and expense and shows the net income (revenue > expense)
The Google of Emotions. Measuring emotions Best way to test Predict behaviorReported behavior Cost & time prohibitive Cost & time efficient Face-to-face:
Name_____________ Assignment # _____ EQ: HOW CAN I LEARN TO MAKE GOOD DECISIONS?
Developing and Implementing Marketing Plans. Learning Outcomes To be able to discuss the meaning of a marketing plan (E) To be able to analyse the internal.
The Impact of the Business Cycle Unit 27. Objectives Understand that economic activity tends to rise and fall. Understand that changes in the level of.
Marketing in the Cafeteria Improving sales techniques used by the lunch provider, Metz and Associates, to promote healthy eating to kids can be a very.
26134 Business Statistics Week 4 Tutorial Simple Linear Regression Key concepts in this tutorial are listed below 1. Detecting.
The Good, The Bad and the Ugly
Behavioral Economics.
Chapter 3: Describing Relationships
An Introduction to NETS*T
Chapter 3: Describing Relationships
Thank You! For More Details Visit us at Collision Avoidance System Market New.pptx Follow Us On.
بسم الله الرحمن الرحيم.
Marketing co-op and non-coop
Exam #3 Review Zuyin (Alvin) Zheng.
Principles of Marketing
Decision to be made Board proposed to consolidate Lincoln Trails Council districts from 3 to 2 Reduce number of district executives from 3 to 2 Concern.
Chapter 3: Describing Relationships
دانشگاه شهیدرجایی تهران
PART 6: Strategy Analysis & Choice
تعهدات مشتری در کنوانسیون بیع بین المللی
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Phone Number BINGO!!!.
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Group Work – Part 1 Coordinate meeting times
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Years of Proven Success
Chapter 3: Describing Relationships
GENERAL FRAMEWORK FOR INTERNAL ANALYSIS
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
AP Stats Agenda Text book swap 2nd edition to 3rd Frappy – YAY
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Unit 3 – Assignment Two Task One.
WHS Bell Schedule 1st Period  7:30 – 8:30 2nd Period  8:35 – 9:30
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
Chapter 3: Describing Relationships
RICHARD HORWELL – BRAND RELATIONS
Chapter 3: Describing Relationships
Presentation transcript:

Tropicana Packaging Analysis Realeyes – the Google of Emotions

Tested packages NewFailedCurrent

Evaluating Packaging – How To Pick a time span First 5 seconds is the average attention span on the shelf in the shop Look at emotions Relative strengths describe overall effect Happy is positive Best for predicting choice in academic literature Confused is negative Avoid confusion that may deter decision making

Evaluating Packaging - Comparison 1 st 2 nd 3 rd

Evaluating Packaging – In Detail Look for trends Improving response over time indicates better performance Observe peaks People affected strongly by peak response, not the average See where it ends State at the end of the experience matters for outcome Peak-end rule by Kahneman Average of the peak response and the emotion at the end describes the net impact of pack viewing

Happiness Strong growth over time Aligns well with strong market success of New Positive ending + peak-end Failed packaging tanked in the market

Confusion Failed created Confusion

Summary Emotions predict market performance – Failed packaging caused 20% fall in sales so they had to revert to Current – New packaging resulted in 50% increase in sales over Current Benefits of Realeyes’ emotion testing – Avoid sales loss from bad package launches – Avoid marketing costs on bad pack designs – Increase market share with effective packs

Thank you! Realeyes Data Services Ltd. 19 Fitzroy Square, London W1T 6EQ, United Kingdom Phone: