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Best Buy Can't Match Amazon's Prices, and Shouldn't Try

Harvard Business Review

Best Buy is a company on the brink. It's too bad they're doing so by fighting their biggest disruptor head-on: by offering to match Amazon's price on everything. But it is rather easy to say what the big box electronics store shouldn't do — namely, match Amazon's prices. It's being attacked from every angle.

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Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

The conventional wisdom about strategy may be leading your company astray. Achieving coherence requires a sharpness of focus that few companies have mastered. In this unpredictable economy, traditional approaches to strategy are a luxury most companies cannot afford. by Paul Leinwand and Cesare Mainardi. Let’s go after it.”

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Why Multinationals Are Doubling Down on Russia

Harvard Business Review

And while two years of shrinking GDP growth , sanctions , and a volatile ruble have led some companies like GM to leave the market, there has not been a large-scale exodus of MNCs from Russia. This means that companies won’t be able to compensate for lacking growth in Russia just by tapping another market.

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Creating Michelin-star Quality for the Masses

Harvard Business Review

But it's this set of beliefs that explains why Western companies fail to succeed in emerging markets where middle class consumers demand good quality at low prices, and why these companies struggle to develop value-for-money products for their home markets during slow growth times like these.

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Don’t Turn Your Sales Team Loose Without a Strategy

Harvard Business Review

As a consequence, salespeople tend to sell to anyone they can, often at discounted prices to make a volume quota target. Because of this, selling cycles were lengthy, and, even when reps did close deals, they did so at highly discounted prices and were forced to include unwieldy service requirements. But hope is not a method.

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What Netflix and Starbucks Know About Cash Flow

Harvard Business Review

That’s when the company suffered through the Quikster controversy and a protest over its price increase. I was in the minority when I wrote that the price increase was a good thing. Think of it as Kickstarter for established companies and their consumers. What successful companies are doing right.

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Why Adding More Products Isn’t Always the Best Way to Grow

Harvard Business Review

Product expansion is often used as a path to growth, but it can have unintended consequences for other aspects of the business — including the customer experience central to the company’s value proposition. The company had been a star of the dot-com boom, eventually selling to eBay in 2002 for $1.5