For Immediate Release
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December 18, 2024 3:45pm
17m
Even when they know it has been rigged, people assign a lot of credibility to experiments. When they see the experiment produce favorable results, for example, potential customers might be more inclined to buy. Experiments can also influence decision-makers in your company — again, even if they assume you put your thumb on the scale. The phenomenon is similar to wrestling, with audiences knowing the match is staged by enjoying it all the same. Neville and Shel review some research on the subject and discuss ways communicators can apply experimentation to their work in this short midweek episode.
Links from this episode:
The next monthly, long-form episode of FIR will drop on Monday, December 23.
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Special thanks to Jay Moonah for the opening and closing music.
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Disclaimer: The opinions expressed in this podcast are Shel’s and Neville’s and do not reflect the views of their employers and/or clients.
Raw transcript:
Hi everyone, and welcome to four immediate release episode four 40. I’m Neville Hobson. And I’m Shel Holtz, and Marketing. Is hard. Seriously it’s getting more and more difficult to influence people. Some businesses are finding that experimentation can be a powerful tool, not just for making decisions about the marketing approach that you’re gonna take, but as an actual instrument of influence.
A recent study by Harvard Business School’s, Rebecca Karp and her colleagues, reveals that business experiments can serve. Two purposes, gathering data and persuading stakeholders. We’ll dive into how this plays out in two distinct complimentary approaches right after this. First, let’s examine how experiments influence I internal decision makers.
Carps research shows that business experiments frequently become what she calls staged performances with scripted endings. Now, before you shrug this off as [00:01:00] just petty manipulation, consider an interesting parallel. She draws from of all things professional wrestling. Just as wrestling fans they’re known as smarts.
I didn’t know that. That’s a mashup of the word smart and mark. Smarts understand that they’re watching a performance, but they still appreciate the show. Now, shift that concept to business and you get sophisticated business audiences that are able to recognize that experiments also. Come with an agenda most of the time.
Think about a startup founder presenting experimental results to venture capitalists. The VCs know the startup team likely designed the experiment to favor a particular outcome, but they don’t view this as deceptive. As one VC told carp. It’s a feature, not a bug. The ability to structure compelling experiments demonstrates a founder’s strategic thinking an
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