Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

226. Change Management: It’s Still Not About the Cookie (Refreshed Episode)

226. Change Management: It’s Still Not About the Cookie (Refreshed Episode)

FromThe Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics


226. Change Management: It’s Still Not About the Cookie (Refreshed Episode)

FromThe Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

ratings:
Length:
51 minutes
Released:
Oct 11, 2022
Format:
Podcast episode

Description

Today’s episode is a very special one, it is our first-ever edition from the vault. What does that mean? Well, for one thing, we now have TWO episodes of The Brainy Business coming to you each week, starting with this one. It is an episode from the back catalog that I think is super relevant and timely for you right now, so it got a little refresh.  Why this one and why today? Firstly, it is because change is ever-present in our lives and businesses, and in this age of The Great Resignation, quiet quitting, returning to work, hybrid offices and so much more. Managing and leading through change is something everyone seems to be talking about these days, so this episode is one I think will help a lot of people. As you will hear in this episode, change is “not about the cookie” it is more about the way a change is presented than anything else, so you have the power to influence how others react to whatever information you are presenting.  Remember change is in the micro-moments, so it doesn’t have to be anything big. Look for those small tweaks that could make a huge difference.  Show Notes: [00:38] Today’s episode is a very special one. It is our first-ever Tuesday episode (double the brainy!!) and our first edition from the vault.  [02:14] Change is in the micro-moments, so it doesn’t have to be anything big. Look for those small tweaks that could make a huge difference. [03:41] Melina shares the cookie story. I want you to imagine that we are walking down the street... [05:56] It’s not about the cookie, the change, or the price. It is about the way the information is presented.  [08:28] Change management is leading through change.   [09:02] Change and getting people to change is all about selling them on your perspective and getting them to buy in and commit even when money is not being exchanged.  [12:02] Our subconscious brain is like a small child. We would all like to think we have grown past this point, but much of our decision-making is still done on this level.  [14:25] Consider the ripples. One small decision or word on an advertising campaign or a change conversation can have a different impact on different people and it is based on their perspectives.  [16:30] The overall brand and campaign message needs to be consistent. You also need to identify what an individual in each of these groups is supposed to do when they see the message and what they need to hear to get them to take the next step.   [18:46] We often run a message for consistency's sake across everything without thinking about what those people need to hear, where they are coming from, and what matters to them. We think about the group as a whole instead of considering the individuals and what they need in that moment to take the best course of action.  [20:41] When confronted with change our brains are trained to revert to a place of fear and they are very good at dwelling on small items.  [21:56] The endowment effect: our brains favor things they own over other things.  [23:55] Studies show it takes double the joy felt by a gain to outweigh the pain felt by a loss.  [26:07] When given the choice people tend to go with the status quo and favor it very heavily…especially when there are many options presented.  [28:45] Change management conversations are more likely to have the brain flagged and on high alert.  [31:32] Be thoughtful of the way the meeting or discussion is framed or called together. If you are delivering bad news or presenting a change you want them to buy in on, you don’t want to oversell the meeting.  [33:58] You want to make sure the document is outlined in a way that helps them come to the best conclusion themselves so their brain takes ownership of the change you are going to propose to them.  [34:46] When you are proposing a big change you need to do your homework. When the stakes are high your prep work needs to be significant as well. [37:09] Putting in the groundwork allows you to have advocates. Having advocates is so key in bran
Released:
Oct 11, 2022
Format:
Podcast episode

Titles in the series (100)

Consumers are weird. They don't do what they say they will do and don't act how we think they "should." Enter Melina Palmer, a sales conversion expert with a personal mission to make your business more effective and brain friendly. In this podcast, Melina will take the complex concepts of behavioral economics (the study and science of why people buy - or not) and provide simple, actionable tips you can apply right away in your business. Whether you're a small business or thriving corporation, Melina's tips can help your business increase sales and get more customers.