Behavioral Analysis
An Introduction for Improving ROI
Abstract — Advances in technology offer businesses new, innovative ways of conducting consumer analysis to understand the market and improve processes for the most efficient operations and fastest return on investment. One of the most cutting edge strategies is the application of behavioral science. By collecting business data, from call audio to account information, an in-depth analysis of consumer behavior can be achieved allowing businesses to reshape processes and effectively predict the outcome of consumer interactions. This paper will offer an overview of the science behind behavioral analysis and discuss how it can be applied.
Table of Contents
Part One: Intro to Behavioral Analysis
Schools of Thought
Part Two: Applying Behavioral Analysis
Thinking like a Behavioral Analyst
Part Three: Consumer Behavior
Consumer Behavior Basics
Consumer Decision Process
The Whys (Identifying Motivations)
Grouping Consumer Types
Reshaping Processes
The Scientific Method
Conclusion