thinking that is totally at odds with actual behavior. It’s a mistake
worth understanding, because it’s one that companies continue to
make and through which they waste large sums of money, pursue
flawed initiatives, and strangle what could be perfectly good ideas.
It’s easy for any initiative to be appraised consciously in one
light and responded to quite differently when the unconscious is in
full flow. If some accounts are to be believed, the New Coke launch
can be summarized as follows: Pepsi tells customers that, after
masses of blind taste tests, people think its product tastes better than
Coke and, even though pretty much everyone has already tasted
both, customers start to drift away from Coke. Coca-Cola changes
the formulation of its product until it finds one that beats Pepsi in
taste tests and replaces its old recipe with the new one, telling the
world that it’s giving them a new coke that tastes much better (a
“fact” it confirmed at great expense). Initially people are taken in
(one source claims that Coke’s sales grew initially by 8% year on year,
although this could have been weather related and I haven’t seen a
claim that its market share went up over this time), then a public
and media backlash emerges because people want the original prod-
uct back. Within three months the original Coke is relaunched and
sales of New Coke fall away dramatically. At the end of the whole
process, Coca-Cola emerges as the dominant cola brand once more.
Along this journey we discover that taste isn’t taste when it’s
branded taste, a sip isn’t the same as a can, people prefer to buy
without thinking, hate losing something more than they like getting
something new, are hugely influenced (primed) by what they first
encounter, and, in spite of anything else, will follow the crowd if
they get the chance. What market research was going to predict that?
Of course, among the four factors that preoccupy the uncon-
scious mind are the reasons that research has flourished. First and
foremost, research is perceived as a means of reducing the inherent
risk in decision making. It has become so established that anyone
starting a job in a large organization over the last 30 years will have
found the principle and mechanisms for research easily accessible;
it’s the default thing to do. Just as with managed investment funds,
the majority of whom underperform the market average, successes
are trumpeted and failings, for the most part, quietly discarded.
Reading Consumers 51