Remove Innovation Remove Mass Marketing Remove Price Remove Productivity
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Finding the Sweet Spot Between Mass Market and Premium

Harvard Business Review

Persuading consumers to pay more for a product by introducing some kind of “premium” element into it has always been a challenging task—but it was one that big, established brands had managed with a reasonable amount of success until recent years. Smaller brands have been picking up the slack.

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At the High End, Reaching a Mass Market

Harvard Business Review

The art world in Europe is a closed shop, offering very expensive products to a limited number of elite collectors, who all know each other. With its price ceiling of €5,000 (they start at €100) the fair aims to make art accessible for all. The real luxury innovators don't look for opportunities among the usual rich suspects.

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Your New Hit Product Might Be Underpriced

Harvard Business Review

The odds are stacked against new products or services. We have diagnosed thousands of product failures over the last 30 years, and have found recurring patterns. Often new products are over-engineered with too many features, usually at too high a price. The problem with wildly successful products.

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Henry Ford, Innovation, and That "Faster Horse" Quote

Harvard Business Review

We've all been in conversations on the topics of creativity and innovation when Henry Ford's most famous adage is (excuse the pun) trotted out, usually accompanied by a knowing smirk and air of self-evidence. Battle lines are quickly drawn. Having grown weary of both sides of the debate, I was curious; did Ford utter those words?

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Business Model Generation : Blog | Executive Coaching | CO2 Partners

CO2

There are several ways to generate Revenue Streams: Asset sale, Usage fee, Subscription fee, Lending/Renting/Leasing, Licensing, Brokerage fees, Advertising and corresponding Pricing Mechanisms) Key Resources – Key resources are the assets required to offer and deliver the previously described elements.

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The $2,000 Car

Harvard Business Review

Increasingly, Western companies are developing products in countries like China and India, and then distributing them globally. For example, GE developed an ultra-low-cost ultrasound for rural China which is now marketed in over 100 countries. Deere now uses Krish-style features in products sold all over the world.

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Your Business Doesn’t Always Need to Change

Harvard Business Review

If you bounce from one strategy (say, low prices) to another (full service) and back again, people won’t know what you stand for. The recent failures of mass market retailers Sears and J.C. The company struggled, and its stock price fell, until Schultz came back and reversed those decisions. Will you confuse people?