How to boost consumer relationships and grow your brand, according to Google's Neil Hoyne

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Use data strategically ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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Ever signed up for a gym membership, pledging to go weekly, then only worked out a handful of times that year? Sure, buying a membership is a tangible sign of progress, but it’s not enough to get into better shape. Companies fall into a similar trap in viewing technology as a panacea, says Google’s Neil Hoyne, author of Converted: The Data-Driven Way to Win Customers’ Hearts. “[Companies] were saying, ‘With software, this will unlock all of our data.’” A new interview with Hoyne from McKinsey’s Author Talks series explains why it’s not that easy, what actually makes a difference, and how to boost consumer relationships and grow your brand. Check it out.
— Torea Frey, managing editor, Seattle
Neil Hoyne image
 
Author Talks: Building consumer trust with Google’s Neil Hoyne
Without effective leadership and a clear strategy, software can only solve so much.
Use data strategically  
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“We asked consumers to choose between more natural or more effective products, and we saw that in a number of categories—and this was really shocking—consumers were more likely to choose natural products over effective ones.”
—Partner Anna Pione, on surprising insights from a survey of 7,500 consumers in six countries, in "How to thrive in the global wellness market," the latest from the McKinsey on Consumer and Retail Podcast
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:49 - 3 Feb 2022