Amongst the large community of active A&M practitioners in India, our Wizard with Words would count among a handful who could give a response to a question like this with some authority. Without further ado, here’s Dr Bhaskar Das in the July 6 edition of Das ka Dum. Read on…
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Q. It’s wise to think of terms like Gen Z, Millennial, Gen X and Baby Boomer as general reference points instead of scientific facts, notes Pew Research Center. People born near the boundaries of these generational groupings can feel particularly uncomfortable being lumped in with those much older or younger than them, and for good reason. Your views?
A.Since Pew Research has come to the conclusion as mentioned in your question, I don’t have the audacity to question without getting the finer details. At the generic level however, I may comment that the understnding of this segmentation based on generations are only for deeper understanding by thinslicing the context of each consumer set/ cohort. And the cohorts are not necessarily watertight compartments. The latest generation like Gen Z also influence the previous generations, the way millennials influenced Gen X and Gen Y. I strongly believe that consumer behaviour doesn’t change. What changes is the context. For instance, children born post 2000 will be very different from Baby Boomers and Generation X because their context has significantly changed due to a technological progress and their ease with the level of comfort with tech-led behaviour both at the core level and the adjacent lifestyle level.
And this generational shift can be observed although at different degrees across regions and economic strata. In view of the above, I feel it’s more a marketer’s tool for hyper-personalising their messages towards relevant generational cohorts.
Incidentally the changing behaviour of Gen Z does not have demographic limit. I have seen even people who are Baby Boomers in the financial sector and investment banking to be as prolific and comfortable with the pace of digital and lifestyle adoption. Hence aspirations and the ease of usage and economic affordability can cut across the generational divide. A simple soul like me though would not be able to challenge a research agency’s conclusion as mine is more based on empirical observations and listening.