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Consciously Creating Cultural Capital

Consciously Creating Cultural Capital

FromThe Behavioral Economics in Marketing's Podcast


Consciously Creating Cultural Capital

FromThe Behavioral Economics in Marketing's Podcast

ratings:
Length:
12 minutes
Released:
Jun 21, 2021
Format:
Podcast episode

Description

Cultural capital is a sociological term that can be defined as the tangible and intangible social assets and patterns of behaviors of a person or organization and includes specific knowledge and shared experiences that confer social status, power and inclusivity. Cultural capital is considered the new competitive advantage and a root of organizational success. In this episode, we considered strategies for consciously creating cultural capital.
Released:
Jun 21, 2021
Format:
Podcast episode

Titles in the series (100)

Understanding how we as humans make decisions is an important part of marketing. Behavioral economics is the study of decision making and can give keen insight into buyer behavior and help to shape your marketing mix. Marketers can tap into Behavioral Economics to create environments that nudge people towards their products and services, to conduct better market research and analyze their marketing mix.