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The Border Between Business Intelligence And Psychology- Segmentation Based On Customer Behavior

Author

Listed:
  • Codrin POPA

    (Politehnica University of Bucharest)

  • Iulia BERTEA

    (Academy of Economic Studies Bucharest)

Abstract

In today’s economy, marketers have been facing two challenging trends: fierce competition between companies offering essentially similar products, and dealing with customers that are increasingly informed and demanding, but less and less loyal. Under these conditions, it has become imperative for managers and for marketing professionals to invest in business intelligence in order to find patterns in the consumers’ behavior that could predict their future buying decisions. In this report we have presented how Decision Support Systems, data analysis and customer segmentation can help companies to know their customers better in order to predict (and influence) their future actions. At the same time, we have argued that Business Intelligence should meet psychology and neurology halfway, and accept that there is a very high emotional subconscious component that produces a high degree of unpredictability in consumers’ behavior.

Suggested Citation

  • Codrin POPA & Iulia BERTEA, 2010. "The Border Between Business Intelligence And Psychology- Segmentation Based On Customer Behavior," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(S1), pages 109-114, June.
  • Handle: RePEc:aio:manmar:v:viii:y:2010:i:s1:p:s109-s114
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    File URL: http://www.mnmk.ro/documents/2010special/10CodrinPopaFFF.pdf
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    References listed on IDEAS

    as
    1. Ruxandra Irina POPESCU,, 2009. "Using marketing in Romanian libraries Study case: The Romanian National Library," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1), pages 111-120, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    DSS; business intelligence; consumer behavior; segmentation; buying decision process;

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General

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