ASSIGNMENT ON NEUROMARKETING

SUBMITTED BY:- MUDIT MISRA DIVISION: A ROLL NO.: 40

NEUROMARKETING
Neuromarketing is a new field of marketing which uses medical technologies such as functional Magnetic Resonance Imaging (fMRI) to study the brains responses to marketing stimuli. Researchers use the fMRI to measure changes in activity in parts of the brain and to learn why consumers make the decisions they do, and what part of the brain is telling them to do it. Marketing analysts will use neuromarketing to better measure a consumers preference, as the verbal response given to the question Do you like this product? may not always be the true answer. This knowledge will help marketers create products and services designed more effectively and marketing campaigns focused more on the brains response. Neuromarketing will tell the marketer what the consumer reacts to, whether it was the color of the packaging, the sound the box makes when shaken, or the idea that they will have something their coconsumers do not. Neuromarketing is the application of neuroscience to marketing. Neuromarketing includes the direct use of brain imaging, scanning, or other brain activity measurement technology to measure a subjects response to specific products, packaging, advertising, or other marketing elements. In some cases, the brain responses measured by these techniques may not be consciously perceived by the subject; hence, this data may be more revealing than self-reporting on surveys, in focus groups, etc.

More generally, neuromarketing also includes the use of neuroscience research in marketing. For example, using fMRI or other techniques, researchers may find that a particular stimulus causes a consistent response in the brain of test subjects, and that this response is correlated with a desired behavior (e.g., trying something new). A marketing campaign that specifically incorporates that stimulus hoping to create that behavior can be said to incorporate neuromarketing, even though no physical testing of subjects was done for that campaign.

One of the challenges is that in some respects, ALL marketing is neuromarketing, since marketing campaigns are almost always trying to produce some kind of brain activity that will lead to a desired behavior (e.g., buying a product). Thats not a partularly useful way to look at neuromarketing, though, in the same way that saying everything is chemistry (since all living and nonliving things are made up of molecules) is true but not helpful. Hence, we exclude marketing efforts that dont specifically incorporate neuroscience research either through new tests or by using the data from past work.

Neuromarketingethical concerns Consumer rights rest upon the assumption that consumer dignity

should be respected, and that producers have a duty to treat consumers as ends in themselves, and not only as means to the end of the producer. Thus, consumer rights are inalienable

entitlements to fair treatment when entering into exchanges with other parties.
e.g.: consumers right to privacy, fair pricing and free thought and choice doadvertising techniquesinvolve a violation of human

autonomy and a manipulation and control of consumer behaviour, or do they simply provide an efficient and cost effective means of giving the consumer information on the basis of which he or she makes a free choice. Is advertisement information, or creation of desire?
human beings do not have a so called free will, as the brain reacts to stimuli split seconds before the human being recognises them consciously

an escape from ethical responsibility in general?