article thumbnail

Credibility Crisis: 4 Sure-Fire Strategies for Cultivating Consumer Trust

Strategy Driven

While the retail industry crisis has been well-reported, particularly with respect to dwindling foot traffic to brick-and-mortar stores. This heightened emotional state is working against commonplace sales tactics that are hyper-focused on getting to the close, rather than getting to know the consumer—and vice versa.

Crisis 50
article thumbnail

Why Tesco’s Strengths Are No Longer Good Enough

Harvard Business Review

Troubles at Tesco, the UK’s leading retailer, are mounting. Tesco, the success story of the British retail scene for the last 20 years, has suddenly fallen from grace. Successful companies are notoriously prone to pursuing tactical fixes rather than confronting strategic problems. Ethics Global business Retail'

Retail 12
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SOPA Blackouts: When Annoying Your Customers is Best Practice

Harvard Business Review

But this reaction from SOPA's ostensible industry reveals more about the apparent effectiveness of this digital cause-related marketing effort than its legality, morality or ethics. After all, one industry's "dirty trick" is another's savvy guerrilla marketing tactic. Is this tactically brilliant but strategically unwise?

Tactics 14
article thumbnail

Lessons from the Best Global Brands 2010: Building trust and.

Strategy Driven

subprime mortgages, instead doing business the old-fashioned way, with 80 percent of revenues derived from retail banking. To the general public, it has come to epitomize the dysfunction of Wall Street—the greed, risk and lack of ethics that drove profits over the last twenty years, but went relatively ignored until the recent collapse.

Brand 62
article thumbnail

The Value of Being Original in an Age of Knock-Offs

Harvard Business Review

I appreciate that he goes against the cutting-quality tactics that, unfortunately, I've seen so many companies turn to in an age where fast fashion is the norm. How Ethical Are You? I really applaud Robert D. Austin's 2008 HBR article "High Margins and the Quest for Aesthetic Coherence." HBR's 90th Anniversary: Why Management Matters.

article thumbnail

Addiction Marketing

N2Growth Blog

Brands have always catered to our emotions viewing them as associative triggers – the tactics I’m describing are clearly not new. Isn’t Starbucks using the same addictive business tactics as those industries listed above? Do you feel “Addiction Marketing&# is ethical? What about other fast food outlets?

Marketing 366
article thumbnail

Solving the $100,000 Cancer Drug Problem

Harvard Business Review

These researchers opined that high prices are preventing patients from being treated, and they questioned the ethics of pharmaceutical companies. Making expensive drugs more accessible and getting pharma companies on board involves adapting pricing tactics successfully used by other companies in similar situations to help them sell more.