Jesse Levinson of Amazon Zoox: ‘The public has less patience for robotaxi mistakes'
Jesse Levinson, co-founder and chief technology officer of Amazon-owned robotaxi start-up Zoox, and his team are betting that the vehicles'
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For example, during the height of the pandemic, Lowe's released a commercial highlighting various ways that suburban parents could turn their backyard into a fun place to spend quality time, even as pandemic-related closures limited traditional summer plans like going to the movies or visiting the beach. By understanding how customers might be feeling when they were spending more time at home, Lowe's and its rival Home Depot saw significant sales growth during the early days of the pandemic. Targeted marketing that understands audience pain points can result in a massive lift on your advertising return on investment. In fact, 74% of customers report being more likely to stick with brands that they feel understand them and provide relevant communications. This only happens when you learn more about your customers. Guide your product development Finally, businesses that understand customer preferences can use that information to improve their products and services. Savvy businesses take customer feedback very seriously, whether in the form of complaints or even recommendations for a product, service or new features that could meet additional needs. This can also be true when a product or service doesn't resonate with your customer base. In an interview with CNN, former Nintendo of America President, Reggie Fils-Aimé, was quick to note that the failure of the company's Wii U console was a direct contributor to the success of its follow-up — the Nintendo Switch. Aside from making improvements to the design of the system itself, Fils-Aimé also referenced how the company learned the importance of providing a "crystal clear" value proposition to differentiate the console, as well as a steady flow of games. The lessons learned from what previously did not resonate with customers have led to the Nintendo Switch selling over 150 million units to date. 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