The Bandwagon Effect in Marketing : Why People Buy What Others Are Buying Estimated Read Time :- 7- 8 Minutes Word Count :- 1,510 Words Ever wondered why certain products suddenly become “must-haves”? Why people line up for sneakers, gadgets, or even coffee cups? That’s the Bandwagon Effect — a powerful psychological phenomenon where people adopt beliefs, behaviors, or purchases simply because others are doing it. In marketing, this is gold. Once your product starts trending, the human instinct to belong amplifies sales exponentially. The logic? “If everyone’s buying it, it must be good.” What Is the Bandwagon Effect? The Bandwagon Effect is a social psychology concept where individuals conform to majority behavior to feel included or validated. It’s not just peer pressure — it’s wired into our survival instincts. In the modern marketplace, this translates into viral trends , sold-out products, and cult-like brand followings. From iPhone launches to ...
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The business man of the year in India 2022
Sir Sajjan Jindal
He is the chairman and managing director of JSW group
He began working for the OP Jindal Group in 1982 as a recently graduated mechanical engineer from Bengaluru. A year later, he relocated to Mumbai to oversee activities in the western region. Jindal's father, Om Prakash Jindal, put him to the test in 1983–1984 by giving him instructions to reorganize two plants close to Mumbai.
In 1989, he supported the establishment of Jindal Iron and Steel Company Limited (JISCO) to produce cold-rolled and galvanized sheet products. In order to guarantee total integration of the manufacturing advances in 1995, he promoted Jindal Vijaynagar Steel Limited (JVSL), JSW Energy Limited (JSWEL), Jindal Praxair Oxygen Limited (JPOCL), and Vijaynagar Minerals Private Limited (VMPL).
In 1989, he supported the establishment of Jindal Iron and Steel Company Limited (JISCO) to produce cold-rolled and galvanized sheet products. In order to guarantee total integration of the manufacturing advances in 1995, he promoted Jindal Vijaynagar Steel Limited (JVSL), JSW Energy Limited (JSWEL), Jindal Praxair Oxygen Limited (JPOCL), and Vijaynagar Minerals Private Limited (VMPL).
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