Wednesday, November 29, 2023
Home Marketing The Santa problem | Seth's Blog

The Santa problem | Seth’s Blog


An echo chamber is created by a marketer to assemble a group of people who are insulated from conventional discourse.

It can happen to sports and music fans, to investors, to companies that have confidence in their view of the world, or to social or political gatherings.

We support an echo chamber when we can gain status or find tribal affiliation by adhering to its rules.

The resilience of the cultural norm happens as a result of insulation from reasoned discourse and is amplified by threats to status or affiliation.

The tooth fairy myth is a fairly benign myth, but, like Santa, it’s mostly reserved for kids. When leaders seek to gain power and profit by organizing and maintaining an echo chamber, it begins to have negative side effects.

You’ll know you’re in one when:

  • It’s considered unpopular, weak or even immoral to change your mind
  • Isolation from contrary facts or opinions is celebrated as an admirable trait
  • The rationale for the core beliefs of the echo chamber changes when insurmountable reality can’t be avoided
  • Calm conversations that touch a nerve often become heated debates

The reason Santa is a problem is that sooner or later, reality arrives.





Source link

RELATED ARTICLES

Apple is trying to unwind its Goldman Sachs credit card partnership

David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton...

Charlie Munger’s life advice to Buffett years ago: live your obituary

Berkshire Hathaway Vice Chairman Charlie Munger, who died Tuesday at age 99, offered what turned out to be sage advice to his buddy...

Stocks making the biggest moves after hours: NTAP, WDAY, LESL, LVS

Close-up of logo on facade at headquarters of software company Workday in Pleasanton, California, March 26, 2018.Smith Collection | Archive Photos | Getty...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Apple is trying to unwind its Goldman Sachs credit card partnership

David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton...

Charlie Munger’s life advice to Buffett years ago: live your obituary

Berkshire Hathaway Vice Chairman Charlie Munger, who died Tuesday at age 99, offered what turned out to be sage advice to his buddy...

Stocks making the biggest moves after hours: NTAP, WDAY, LESL, LVS

Close-up of logo on facade at headquarters of software company Workday in Pleasanton, California, March 26, 2018.Smith Collection | Archive Photos | Getty...

Charlie Munger, investing sage and Warren Buffett’s confidant, dies

Charlie MungerLacy O'Toole | CNBCBillionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett's right-hand man at...