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Manage to Meet Your Customers’ Needs

thoughtLEADERS, LLC

As customers’ needs become more diverse, the managers of the future must adapt to meet their demands. Managing at the right level is the most important element in effective management in the Age of Diverse Markets. Today’s markets are rapidly becoming highly fragmented, reflecting diverse customer needs.

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3 Kinds of Jobs That Will Thrive as Automation Advances

Harvard Business Review

Many of us are also becoming more demanding — we are less and less willing to settle for standardized, mass market products when it is far easier to seek out the niche products that are tailored to our specific needs and context. So, what’s the result?

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The $2,000 Car

Harvard Business Review

Poor countries will become R&D labs for breakthrough innovations in such diverse fields as housing, transportation, energy, health care, entertainment, telecommunications, financial services, clean water, and many others. Surprisingly, such innovations defy gravity and flow uphill from the poor to the rich.

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Find the Best Local Markets to Drive Growth

Harvard Business Review

Ideas like economies of scale (manufacturing, sales, and marketing) are still relevant, but may have diminishing returns. National plans/strategies have long been efficient, but their effectiveness is in question as the US, in particular, is increasingly diverse in demand. And the best of both worlds is possible.

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The Hidden Power of Mundane Ideas

Harvard Business Review

So many factors — not the least of which include testing a larger, more diverse sample of people — contribute to the accuracy of any study. The TV included many of the teens' suggestions, but didn't catch on in the mass market. Of course not.

Power 14
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Why Is Capital Afraid of Cities?

Harvard Business Review

Few CEOs realize that their companies' "supplier diversity programs" might be self-defense exercises for an urbanized future. And it's easier to sell to a monolithic mass market than to the diverse and dynamic collection of markets that we call a city. Institutions aren't stupid. They're not mean-spirited.

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From Zipcar to the Sharing Economy

Harvard Business Review

Collectively, they're spawning a range of efficient new "as-a-service" business models in industries as diverse as accommodation, transportation, household appliances, and high-end clothing. One of my favorite classroom examples is GirlMeetsDress.)