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HOLY GRAIL OF MARKETING

A stimulating guide to the brave new world of AI-driven marketing.

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AI opens new vistas for reaching customers—and sets traps that could turn them off, according to this incisive marketing primer.

Licciardi, a Fordham marketing professor, asserts that attaining the Holy Grail of Marketing—which is to “Reach the Right Person With the Right Message In the Right Environment At the Right Time Delivering the Right Outcome” (namely, a sale)—now depends on AI and big data. Data-driven AI, the author argues, lets companies microsegment the market; predict behaviors of individual consumers and recommend products they like; target platforms they frequent; provide customer support through chatbots; hone pitches with A/B tests; and monitor social media to gauge customer sentiment. Licciardi also warns of risks in online marketing, including fraudulent websites that inflate ad views with click bots; the tarnishing of brands that appear on disreputable platforms beside unsavory content; and the eroding line between helpful AI and off-putting surveillance, “where consumers shift from feeling understood to feeling watched.” Later chapters focus on the cultivation of emotional bonds between brands and consumers. The author illustrates his treatise with well-chosen case studies on how to find receptive customers (Harry’s Razors caught on with an innovative customer-referral game and by touting itself as David vs. Gillette’s Goliath) and how not to (an almond commercial flopped because the glamorous actresses alienated the target audience of exhausted moms craving a pick-me-up snack). Licciardi conveys a wealth of information and experience in lucid prose, pithy aphorisms (“A top sales performer’s number one attribute is the ability to not waste time and effort on the wrong clients who will never buy”), and vivid evocations of the marketing craft (“Observe how buyers engage with your products: where their eyes land on the shelves, what catches their attention, how they handle the products, and even what they do when they put a product back on the shelf”). Marketing professionals will find much provocative food for thought here.

A stimulating guide to the brave new world of AI-driven marketing.

Pub Date: May 8, 2025

ISBN: 9798992493009

Page Count: 216

Publisher: N/A

Review Posted Online: July 8, 2025

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GOOD ECONOMICS FOR HARD TIMES

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 28, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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THE DYNASTY

Smart, engaging sportswriting—good reading for organization builders as well as Pats fans.

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Action-packed tale of the building of the New England Patriots over the course of seven decades.

Prolific writer Benedict has long blended two interests—sports and business—and the Patriots are emblematic of both. Founded in 1959 as the Boston Patriots, the team built a strategic home field between that city and Providence. When original owner Billy Sullivan sold the flailing team in 1988, it was $126 million in the hole, a condition so dire that “Sullivan had to beg the NFL to release emergency funds so he could pay his players.” Victor Kiam, the razor magnate, bought the long since renamed New England Patriots, but rival Robert Kraft bought first the parking lots and then the stadium—and “it rankled Kiam that he bore all the risk as the owner of the team but virtually all of the revenue that the team generated went to Kraft.” Check and mate. Kraft finally took over the team in 1994. Kraft inherited coach Bill Parcells, who in turn brought in star quarterback Drew Bledsoe, “the Patriots’ most prized player.” However, as the book’s nimbly constructed opening recounts, in 2001, Bledsoe got smeared in a hit “so violent that players along the Patriots sideline compared the sound of the collision to a car crash.” After that, it was backup Tom Brady’s team. Gridiron nerds will debate whether Brady is the greatest QB and Bill Belichick the greatest coach the game has ever known, but certainly they’ve had their share of controversy. The infamous “Deflategate” incident of 2015 takes up plenty of space in the late pages of the narrative, and depending on how you read between the lines, Brady was either an accomplice or an unwitting beneficiary. Still, as the author writes, by that point Brady “had started in 223 straight regular-season games,” an enviable record on a team that itself has racked up impressive stats.

Smart, engaging sportswriting—good reading for organization builders as well as Pats fans.

Pub Date: Sept. 1, 2020

ISBN: 978-1-982134-10-5

Page Count: 592

Publisher: Avid Reader Press

Review Posted Online: Aug. 25, 2020

Kirkus Reviews Issue: Sept. 15, 2020

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