Michael Solomon partners with marketers and leaders to help them understand the minds of today’s consumers in our volatile economy. Nothing keeps business leaders up at night more than knowing how quickly their brand can be negatively impacted.
Michael “wrote the book” on understanding consumers. Literally. Hundreds of thousands of business students have learned about marketing from his books, including Consumer Behavior: Buying, Having, and Being — the most widely used book on the subject in the world.
Regardless of the size of a company, fully understanding consumer behavior is paramount to not only surviving in today’s market, but also thriving. This is exactly why Michael is THE go-to expert when it comes to knowing the psychology of the buyer, he’s been studying consumer behavior for decades, across all generations. He understands that today’s buyer is NOT your cookie cutter consumer.
Michael’s presentations provide a visual excursion into the minds of consumers and what influences them to buy. Michael’s latest book, “The New Chameleons: How to Connect with Consumers Who Defy Categorization,” recently won the NYC Big Book Award for the Marketing & Sales/PR category. The book stitches the trends of today to the future of consumerism in a way that is both provocative and inspiring.
The marketing guru Philip Kotler summed it up when he stated, “Solomon has the mind of a scientist and the writing flair of a journalist.
Michael advises global clients in leading industries such as apparel and footwear (Calvin Klein, Levi Strauss, Under Armour, Timberland), financial services and e-commerce (eBay, Progressive), CPG (Procter & Gamble, Campbell’s), retailing (H&M), sports (Philadelphia Eagles), manufacturing (DuPont, PP&G) and transportation (BMW, United Airlines) on marketing strategies to make them more consumer-centric. He regularly appears on television shows including The Today Show, Good Morning America and CNN to comment on consumer issues, and he is frequently quoted in major media outlets such as The New York Times, USA Today, Adweek and Time.
As a Professor of Marketing (in the Haub School of Business at Saint Joseph’s University in Philadelphia) and an industry consultant, Michael combines cutting edge academic theory with actionable real-world strategies. He helps managers get inside the heads of their customers so they can anticipate and satisfy their deepest and most pressing needs – today and tomorrow. An executive at Subaru said it best: “The man is a scholar who is current and street-wise.”
The food value chain includes organizations that span the gamut, from chemical and fertilizer producers at the beginning of the chain to grocery stores, restaurants, and hospitality services at the end. Regardless of where a company sits in this chain, it is essential to align production and marketing priorities around the needs of the end consumer (a “market back” perspective) rather than the far more typical “molecule forward” approach that focuses on the production capabilities of the vendor.
In this presentation, Michael discusses how today’s “postmodern consumer” uses food and beverage products/services to express their ever-changing social identities. He also reviews pathways to heightened consumer engagement for food marketers who are ready to adopt a “market back” view of what they sell.
The dictionary defines a hotel as an establishment that provides food, lodging, and other services to guests. But of course, a hotel is much more than that to the people who stay there. A hotel stay can symbolize a range of possible experiences, such as romance, adventure, or escape.
Michael shares how consumers rely upon specific environmental cues to choose and evaluate a hotel stay, and how they interpret these cues to make sense of their lodging experience. He reviews a set of fundamental changes in consumer behavior over the last decade (including the Pandemic) that should radically change how hospitality executives and designers offer new spaces to accommodate today’s “postmodern consumer.”
Fundamental categories that form the bedrock of marketing strategy and customer insights simply no longer exist. Today’s consumer is like a chameleon that changes its identity constantly, often with the help of the brands you (and your competitors) market. You need to understand “the new chameleons,” so you don’t get left in the dust. Unlock the cages that marketers try to keep their customers in, and let those chameleons run free!
In this program you will learn:
The Pandemic will change our world for years after the virus disappears. We’ll have to rethink and modify our purchase decisions, large and small. Some disruptions in consumer/marketer relationships that already were looming will come faster and more decisively. How do we define brand value? How should companies talk to customers? How do people function in an emerging gig economy where every encounter might be fatal? How do we redefine what it means to go to work or to socialize?
You’ll learn why you need to step on the GAS to modify your offerings in light of the new drivers of consumer behavior.
Everyone is buzzing about Artificial Intelligence these days, as well as they should. Machines that “think” for us already are transforming how we work, play – and shop. McKinsey tells us that some 29 million U.S. homes used some form of smart technology last year, and that number grows by over 30 percent a year.
Many organizations now deploy robots, avatars and chatbots to perform tasks we used to ask flesh-and-blood people to do. This suddenly makes the age-old question of what makes us human much less theoretical. Self-driving cars threaten to replace truck drivers. IBM’s Watson beats chess masters and veteran Jeopardy game show contestants. Movies and TV shows like Blade Runner, Westworld, and Humans that focus on the civil rights of synths, replicants and androids are center stage in popular culture. Alexa and Siri are our new guardian angels.
The customer is king (or queen). Yet the best product or service will fail if consumers don’t have a positive encounter when they consume it. That’s because what you sell is NOT a product – it’s an experience that consists of the core offering plus everything that goes with it. This includes the physical or digital environment where shoppers find it, the people who sell it, and even how others react to the purchase. This experience is what attracts – or repels – the customer. With so many options available, he or she will quickly walk away from a negative encounter. But he or she also will reward organizations that provide satisfying experiences with long-term loyalty.
This fundamental insight is what is drives increased interest in customer experience management (CEM or CXM). A growing number of organizations now recognize the importance of tracking every interaction with customers as if it is their last – because it could be. You’ll get a thorough overview of today’s consumer, and the major issues we need to understand in order to create and maintain a positive customer experience over the long-term.
That insight is crucial for any industry that touches consumers. Customers literally choose from thousands of options – and most of them have very little to do with functionality. However, that doesn’t make these decisions unimportant by any means. The selection of a watch, a bracelet, a pair of glasses or many other items reflects deep-seated values and beliefs about appearance and the consumer’s identity. We can think of the body as a canvas, where the shopper chooses from a “palette” of accessory items, apparel, footwear, cosmetics and other products to paint a picture s/he wants the world to see at a fixed moment in time. Marketers need to dig deeper if they want to sync their offerings with what their customers seek.
In this presentation, we’ll look at some of the powerful cultural forces that influence how consumers use a range of products to make “statements” about themselves.
U.S. Millennials spend $600 billion per year, but their choices change faster than Lady Gaga changes her outfits. How can you adapt to connect with these “always on” but always changing shoppers?
Former Amazon Executive who launched the third-party marketplace which accounts for over 50% of units sold at Amazon
Helping humanity prepare for a tech-driven future; helping business make technology better for humans. Author of Tech Humanist
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