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Scenario 6-3
Keds has been trying to turn around a long-term slide in its shoe business. For years, it had depended on its image as the women's no-frills summer shoe to keep sales moving. But over time, competition from Sam & Libby and Easy Spirit brands has been nipping at the heels of Keds. As part of its effort to revitalize the brand several years ago, Keds' advertising agency developed a campaign that focuses on the warm, close relationships between mothers and daughters. According to an issue of Brandweek magazine at the time, "The new ads really go for the heart." Copy on the first ad included the mother saying, "She was my first, I could never tell her how to dress," with the daughter saying, "She made me feel pretty even when I had braces."
-(Scenario 6-3) Instead of "mothers and daughters," why didn't Keds define its target segment simply as "women"?
Counterfactual Thinking
The human tendency to create possible alternatives to life events that have already occurred, something akin to imagining "what might have been."
Availability Heuristic
A cognitive bias wherein individuals judge the probability of events based on how easily examples come to mind.
Representativeness Heuristic
A cognitive shortcut that involves making judgments about the probability of an event under uncertainty, based on how much it resembles the typical case.
Theory of Mind
The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one's own.
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