4.4 • 1.9K Ratings
🗓️ 15 August 2019
⏱️ 2 minutes
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Rory Sutherland is the Vice Chairman of Ogilvy, one of the largest marketing and communications companies in the world.
He is known as an expert on consumer behaviour, market trends, and the influence of the internet, earning awards for his work with Microsoft, Unilever and IBM.
Hi it’s Brian Rose here, founder and host of London Real.
The London Real Academy is an online education platform providing action-driven programs in:
- Starting an online business
- Podcasting
- Public speaking
- Lifestyle optimisation
So if you’re ready to take action go to https://www.londonreal.tv/change
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0:00.0 | Human behavior doesn't run on objective reality. It's driven by meaning and context. |
0:11.0 | Google, Starbucks, Uber, they're really the product of a psychological discovery, not a technological one. |
0:18.0 | Uber doesn't necessarily reduce your weight time for a cab. |
0:22.0 | What it does is it reduces the |
0:23.4 | psychological pain of weighting because you can see there's a car on the way. |
0:26.8 | That's what changes the game. You can make something worth ten times as much money |
0:31.8 | simply by tweaking with the brain not the thing itself. |
0:35.0 | Well, it's magic. |
0:37.0 | I think that the whole advertising industry has totally lost the plot and that it has become obsessed with that part of advertising which is a media and targeting optimization process. |
0:51.0 | If we assume only that our job is to be the best at something and if we define ourselves |
0:56.8 | by our competitors we'll be even worse because we're trying to be better at something |
1:01.2 | that a lot of people are already good at. |
1:03.0 | What's the point of doing that? |
1:05.0 | Don't be second in a category. |
1:06.4 | Invent a new category where you're first? |
1:08.2 | Exactly. |
1:09.2 | Innovation tends to happen around the edges. |
1:12.2 | The people who are successfully innovative are often quite |
1:14.4 | happy to go against the grain. Become comfortable with ambiguity. The more ways in |
1:20.2 | which you can look at something the richer you are. |
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