brandLingual
You know Ehrenberg-Bass. But how much do you know about Bass? In this episode of brandLingual, Baiba Matisone and Christopher Owens are joined by Ram Rao, Founders Professor of Marketing at the University of Texas at Dallas, long-time collaborator of Frank Bass, and someone who has spent five decades studying how markets actually behave (not how we wish they behaved in a deck). This conversation sits right where theory hits reality. Ram shares what marketers often have to unlearn, why marketing is fundamentally empirical, and how Frank Bass changed the course of his life by seeing something in him early. We also get into the uncomfortable bits: loyalty is usually overstated, advertising is often defensive, new products mostly fail, and markets move in probabilities, not certainties. Ram’s core shift is simple, but it punches: marketing isn’t something you theorize first. It’s something you observe first. Along the way, he shares inside stories about Frank Bass, the data turning point in marketing science, and why some of marketing’s most persistent beliefs keep surviving despite the evidence sitting right there. Rude, but useful. Including this one: what people say is right… is often wrong. This episode is for strategists, marketers, researchers, planners, founders, and anyone trying to move from intuition to evidence, theory to reality, and “that sounds right” to “does it actually work?” If you’ve ever felt the gap between what you were taught and what you see in the market, this conversation lives in that messy middle. --- Chapters: 00:00 Meet Prof Ram Rao03:44 What Ram Rao Had to Unlearn04:11 From Theory to Market Reality08:04 The Frank Bass Turning Point11:29 How Data Changed Marketing Forever15:14 The Myth of Brand Loyalty18:11 First Movers and Market Dominance22:47 Advertising as Competitive Defense27:05 Why New Products Really Grow29:42 Influencers, Observation, and Social Proof34:16 Can Marketing Actually Predict Growth?36:53 The Limits of Forecasting37:40 Craft Beer and Demand Signals38:53 Why Academia and Practice Drift Apart40:10 A/B Testing and the Cost of Being Wrong42:59 Why Research Often Fails to Pay Off45:08 The Role of the FORMS Conference45:30 The Famous Discussant Ritual49:18 Why Marketing Keeps Renaming Ideas50:51 Teaching Marketing in the AI Era53:30 AI, Creativity, and Marketing Teams57:03 The Legacy of Frank Bass59:47 What MBAs Should Actually Learn01:02:21 The Periodic Table of Marketing01:06:43 Final Reflections and Where to Learn More Learn more about Prof Ram Rao: https://www.linkedin.com/in/ram-rao-6 [https://www.linkedin.com/in/ram-rao-6]... Explore the Frank M. Bass UT Dallas Frontiers of Research in Marketing Science Conference (UTD FORMS): https://jindal.utdallas.edu/annual-ba [https://jindal.utdallas.edu/annual-ba]... About brandLingual: brandLingual is a platform for navigating the messy middle between intuitive marketing and evidence-based thinking, including our co-learning community, online courses, custom training, eBooks, articles, Substack, games, and yes… this podcast. Less myth. More method. Explore more at https://brandlingual.co [https://brandlingual.co/]
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