EMPLOYEE INCENTIVE MECHANISM IN ENTERPRISES: A CASE STUDY OF GF COMPANY

ABSTRACT

AS THE WORLD BECOMES MORE GLOBALIZED, IT IS NOW MORE IMPORTANT THAN EVER FOR BRANDS AND ADVERTISERS TO FIND EFFECTIVE WAYS TO ENGAGE WITH CONSUMERS OF DIFFERENT CULTURAL BACKGROUNDS. DEVELOPING MARKETING THAT TARGETS PEOPLE OF DIFFERENT CULTURAL BACKGROUNDS, OR MULTICULTURAL MARKETING, CARRIES SPECIFIC NUANCES AND COMPLEXITIES THAT MAY MAKE TRADITIONAL METHODS FALL SHORT. WITH THIS BEING SAID, THERE IS STILL A LACK OF STUDIES THAT EXPLORE THE CORRELATION BETWEEN CONSUMER'S CULTURAL BACKGROUND AND THEIR OVERALL BRAND PERCEPTION. NEUROMARKETING HAS PROVEN TO BE AN EFFECTIVE TOOL TO UNDERSTANDING CONSUMER BEHAVIOR, BY UTILIZING NEUROSCIENCE TOOLS. TO EMPLOY A MORE SOPHISTICATED AND IN-DEPTH UNDERSTANDING OF CONSUMER PERCEPTION, THE CURRENT RESEARCH STUDY MAKES USE OF NEUROSCIENCE TOOLS AND AIMS TO STUDY THE INFLUENCE OF CULTURAL BACKGROUND IN BRAND PERCEPTION, WHILE IN A CONTROLLED ENVIRONMENT. USING PHYSIOLOGICAL NEUROSCIENCE TOOLS, NAMELY, FACIAL EXPRESSION ANALYSIS (FEA), ELECTRODERMAL ACTIVITY (EDA), AND EYE-TRACKING (ET), A TOTAL OF THIRTY-EIGHT INDIVIDUALS, WITH AGES BETWEEN 19 AND 50 YEARS OLD, FROM 12 DIFFERENT COUNTRIES AND REGIONS, PARTICIPATED IN THIS RESEARCH STUDY. FINDINGS SUGGEST THAT PARTICIPANTS OF DIFFERENT CULTURAL BACKGROUNDS PERCEIVE MULTICULTURAL COMMERCIALS AS MORE FAVORABLE THAN MONOCULTURAL COMMERCIALS. HOWEVER, FUTURE RESEARCH SHOULD BE DONE WITH A LARGER SAMPLE SIZE, AS WELL AS INCLUDE A WIDER VARIETY OF COMMERCIALS. RESEARCH WOULD ALSO BENEFIT FROM ADOPTING A STATISTICAL ANALYSIS TO HELP DETERMINE THE SIGNIFICANCE OF THE RESULTS OBTAINED