Principle of Marketing Report, UNM, Malaysia Today’s marketers are also using sophisticated analytical techniques to track consumers’ digital movements and to build
| University | University of Nottingham (UON) |
| Subject | Principle of Marketing |
Today’s marketers are also using sophisticated analytical techniques to track consumers’ digital movements and to build amazingly detailed customer profiles containing highly personal information. Such profiles can then be used to hyper-target individual consumers with personalized brand messages and offers. However, with such targeting, marketers often walk a fine line between serving customers better and stalking them:
How well does your smartphone know you? What stories could your laptop tell? In truth, your digital devices probably know more about you than you know about yourself. Smartphones and other digital equipment have become fundamental extensions of our lives. Whatever you do—at work, at play, socializing, shopping—your phone, tablet, laptop, or desktop is almost always a part of the action.
These devices go where you go, entertain you, connect you with friends, take you browsing and shopping, feed you news and information, and listen in on even your most intimate voice, text, and email conversations. And more and more, these devices are sharing all that personal information with marketers. Companies have now developed sophisticated new ways that border on wizardry to extract intimate insights about consumers. For brands and marketers, such information is pure gold.
Marketers argue that using all of this up-close-and-personal information better serves both customers and the company. Customers receive tailored, relevant information and offer from brands that really understand and interest them. However, many consumers and privacy advocates are concerned that such intimate information in the hands of unscrupulous marketers could result in more harm than benefit to consumers.
They often view big data and hyper-targeting less as “getting to know consumers better to serve them better” and more as “stalking” consumers and “profiling” them. Although most consumers are willing to share some personal information if it means getting better service or deals, many consumers worry that marketers might go too far.
Get Help By Expert
Looking for Assignment Assistance in Malaysia? Assignment Helper My is your reliable partner for academic success. Get expert guidance and support for your Principle of Marketing report at the University of Nottingham Malaysia (UNMC). Our experienced writers will ensure your report is comprehensive, well-researched, and meets the highest academic standards. Besides this, you also hire our experts for best Online Exam Help.
Recent Solved Questions
- IST3244 Group Assignment 2024.pdf
- ESEB2054: Summarize the key features of cognitivism, behaviorism, social learning theory: Curriculum Development Assignment, UIU, Malaysia
- MOM705: Operations Management Assignment, AeU, Malaysia Ali makes ping-pong balls in his Malaysia plant. With recent increases in his costs, he has a newfound interest
- KNC6063: Energy And Environment Law And Policy Assignment, UMS, Malaysia Explain the relevant energy and environmental policies or related acts applied to the energy management for a chemical factory
- Corporate Accounting Assignment, OUM, Malaysia Present the financial affairs of a parent company and its legally distinct subsidiaries as if they were a single unified economic entity
- FIT9132: CREATE TABLE and CONSTRAINT definitions which are missing from the supplied partial schema script: Introduction to databases Assignment, MUM, Malaysia
- COMPARATIVE ETHICS Essay, AeU, Malaysia Write an essay discussing ethical values and practices in an organization
- Cyber Forensics & Information Technology Assignment, LBS, Malaysia Describe windows system artifacts, Outline the key artifacts from the windows operating system
- History Assignment, UniKL, Malaysia He was the son of Abeto Fasil, as well as the grandson of Abeto Yakob and the great-grandson of Dawit II
- FBF1163 Fundamentals of Programming Assignment, UCSI, Malaysia Presume that your class at UCSI finishes at 6:30 pm and you must travel 6 km to reach your home for dinner