Skip to main content

When Logic is Abandoned p2

I received some comments from Professor Kim on my previous, when Logic is Abandoned, post:

Food for thought.




I'm confused. My job for the past 20 years has been to identify the best segments or targets to market my products against. Once identified, often using demographic data such as gender, age, household size, or income, I would then discriminate and send certain offers based on consumer profiling. I would not send offers for petfood to men, nor promotions for bridal gowns to older women. You see, we know that it is ridiculous, inefficient, and wasteful to send the wrong offer to the wrong person. So....using past data we profile. And based on the profile, we determine if you are somebody who will receive a marketing message or not. Profiling is at the heart of what marketers do. We call it segmentation, but it is essentially determining the likelihood of different groups to want your product or service.





I believe it is only responsible to segment / profile. And I say this as somebody who has been on the receiving end of being perceived to be the wrong profile. I've bought more cars than I can count, and as a 40 something year old female, I still have to tell car salesmen that I have cash and am a serious buyer. You see, they profile me. I've bought 4 houses and have been profiled. I walk into an upscale department store wearing workout clothes, and they profile me. Profiling is endemic because it helps us use our resources wisely. If we had unconstrained resources, we wouldn't care. But we don't. It's time that we face facts, use a little common sense, and use data to help predict the next terrorist. It's simply dumb not to!

Comments

Popular posts from this blog

Stimulus Plan

Mr. President: The House stimulus bill is awful. Dangerous. Counter-productive. It has a very high probability of making things worse!. Your man Rahm Emanuel is supposed to be a tough guy: turn him loose on the House Dems - they are selling you down the river. Some simple tests: the spending will improve long-term productivity; the spending will reduce our dependence on foreign oil, and the spending will happen fast; very, very fast. There may need to be some legislation to enable spending without years of environmental review. For example, spending on wind farms would improve long-run productivity and reduce dependence on foreign oil. But let's say the wind farm is a couple of miles offshore. You can't have environmental groups stopping the development to see if some fish will be harmed. This spending has to happen now. And, no tax cuts with the possible exception of AMT. People aren't going to spend any tax savings; they are going to pay their credit card bills or r...

No Steve No

To:Bill Gates and Steve Ballmer: Please, please don't spend my money on Yahoo. Spend $4 billion per year for the next 10 years building something new and better. This has to now be an ego deal, not an economic deal. If you withdraw the bid, YHOO is a $15 stock. You are too smart for this. Many times the best deals are the ones you don't make. This is one of those times. Don't spend my money on this. Sincerely, gene

I Want My GM Stock

It isn't clear how many shares of General Motors will be issued. I've nosed around, but can't find anything definite. However, the general indication is that the U.S. government (that is, us) will own 60% post bankruptcy. I want my piece immediately. And I want you to get yours to. According to the IRS website, about 156 million tax returns were filed for 2008. So, let's do this: 156 million multiplied by five equals 780 million shares. So, distribute five shares to everyone whot filed a return. After all, we taxpayers are going to be paying for this mess for years to come. Sure, there will be some very predictable whining that the government can't get repaid like that, or the cost to GM of keeping records and sending annual reports to all those independent shareholders is too great a cost. Well, I don't give a damn about that. The bad management and greedy unions that got GM into this mess could have foreseen the problem and they didn't. Tough noogies. I wa...