Remove Budgeting Remove Goal Remove Hammer Remove Innovation
article thumbnail

Choice Helps High-End Products, Hurts Low-End Products

Harvard Business Review

That's the finding from our recent research, forthcoming in the Journal of Marketing Research , which reveals a surprising fact about retail assortments: Consumers who are offered a richer array of relevant choices in a given product category grow engaged and interested in quality and are prepared to stretch their budget accordingly.

article thumbnail

The 5 Requirements of a Truly Innovative Company

Harvard Business Review

Can you think of any business topic that’s been hotter for longer than innovation? In a McKinsey poll , 94% of the managers surveyed said they were dissatisfied with their company’s innovation performance. And yet when it comes to innovation, the gap between aspiration and accomplishment seems as big as ever.