Scaling | Definition Minute | Behavioral Economics in Marketing Podcast

Scaling, in the context of business and entrepreneurship, refers to the process of growing and expanding a company's operations, revenues, and market reach. It involves increasing the size and scope of a business to accommodate higher demand, capture additional market share, and achieve long-term sustainability and profitability. Scaling is a crucial objective for many businesses as it allows them to realize their full potential and maximize their impact. There are various ways to scale a business, and the specific approach may vary depending on the company's goals, industry, and resources.

📎 Definition Minute is a new subset of the Behavioral Economics in Marketing podcast. In these mini-episodes, I will define economic theories, in a minute or two. The topics will be review, introductory or discrete in nature. 

 

Behavioral Economics in Marketing Podcast | Understanding how we as humans make decisions is an important part of marketing. Behavioral economics is the study of decision-making and can give keen insight into buyer behavior and help to shape your marketing mix. Marketers can tap into Behavioral Economics to create environments that nudge people towards their products and services, to conduct better market research and analyze their marketing mix.

Sandra Thomas-Comenole | Host | Marketing professional with over 15 years of experience leading marketing and sales teams and a rigorously quantitative Master’s degree in economics from Rensselaer Polytechnic Institute. Check out her Linkedin profile here: Sandra Thomas-Comenole, Head of Marketing, Travel & Tourism