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365. Unlocking Business Potential: Implementing Brain-Friendly Practices with Felicity Heathcote-Marcz

365. Unlocking Business Potential: Implementing Brain-Friendly Practices with Felicity Heathcote-Marcz

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


365. Unlocking Business Potential: Implementing Brain-Friendly Practices with Felicity Heathcote-Marcz

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

ratings:
Length:
51 minutes
Released:
Feb 9, 2024
Format:
Podcast episode

Description

In this episode of The Brainy Business podcast, Dr. Felicity Heathcote-Marcz shares her expertise in immersive research methodologies and ethnographic approaches, demonstrating the critical intersection between brain-friendly practices and effective business strategies. Her extensive experience in understanding cognitive biases, the power of storytelling, and the significance of empathy in decision-making processes enriches the discussion, offering actionable insights for optimizing organizational strategies.  Dr. Heathcote-Marcz's deep understanding of the topic and her ability to bridge academic ethnography with industrial practices makes her a valuable resource for business leaders seeking to enhance their decision-making processes and customer engagement through brain-friendly practices. The episode provides a high-level overview of the importance of incorporating brain-friendly practices into business strategies, making it a valuable resource for leaders aiming to optimize their organizational effectiveness. In this episode, hear discussion about how to: Implement brain-friendly business strategies to optimize decision-making and customer engagement. Identify and overcome cognitive biases in decision-making for more effective and rational business choices. Harness the power of storytelling in marketing to captivate and engage your target audience. Cultivate empathy in customer understanding to enhance customer satisfaction and loyalty. Engage in virtual strategy sessions and workshops to adapt and thrive in the digital business landscape. Show Notes: 00:00:00 - Introduction Dr. Felicity Heathcote Marcz introduces her consultancy, Bare Analysis, and discusses the importance of insight and research in today's changing business landscape. 00:04:47 - Starting a Business and Seeking Mentorship Felicity shares her experience of starting a new business and emphasizes the value of seeking out mentors for guidance and support. 00:11:37 - Tips for Starting a Business Felicity encourages aspiring entrepreneurs to believe in themselves, take calculated risks, and seek mentorship from experienced business owners. 00:14:54 - Active Listening and Building Trust Felicity discusses the importance of active listening in ethnographic research and shares tips for building trust and rapport with interview subjects. 00:16:56 - Importance of Pre-research in Ethnography Felicity emphasizes the importance of pre-research in ethnography to understand the context and stakeholders. She mentions the value of mystery shopping and desktop research to gather insights before engaging with stakeholders. 00:18:21 - Building Trust in Ethnography Felicity discusses the importance of building trust with stakeholders in ethnographic research, especially when clients may perceive researchers as spies or judgmental. She highlights the need for authentic dialogue and the ethical considerations involved in the process. 00:20:30 - Active Listening in Ethnography Felicity and Melina stress the importance of active listening in ethnographic research. They caution against self-deprecating chatter and emphasize the need for researchers to speak minimally and focus on understanding the stakeholders' perspectives. 00:25:23 - Role of Ethnography in Problem Definition Felicity discusses how ethnography can help organizations understand their problems better at the beginning of a project. She emphasizes the need for in-depth problem definition to avoid jumping to technological solutions without fully understanding the problem. 00:28:16 - Balancing Questioning and Action Melina and Felicity explore the balance between asking questions and taking action. They highlight the challenge of knowing when to stop questioning and start implementing solutions, emphasizing the importance of material conditions and persuading organizations to invest more time in problem definition. 00:33:44 - Navigating Plural Futures in Organizations Felicity discusses the impact of AI and C
Released:
Feb 9, 2024
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.