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Use of critical thinking for evaluating the reasons of consumer demand for products (goods, services)

Journal: Business Education in the Knowledge Economy (Vol.6, No. 1)

Publication Date:

Authors : ; ;

Page : 26-31

Keywords : disruptive innovation; data analysis; critical thinking;

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Abstract

Global competition is driving manufacturers to constantly improve products. To make decisions about customer needs, they use standard features provided by big data technologies β€” segmentation of customers by gender and age, frequency of purchases, purchase structure and so on. However, the analysis of this data will not provide a key decision-making criterion β€” understanding why the customer is buying or not buying the product.

Last modified: 2020-02-17 11:55:32