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REI Sets The Example For Creating And Living Core Values

Eric Jacobson

You can learn from Recreational Equipment Incorporated , better known as REI -- an outdoor gear and apparel co-op. As described in Amy Lyman's new book, The Trustworthy Leader , REI concisely articulates its core values in this series of statements: Authenticity -- We are true to the outdoors. So what makes it different at REI?

Reis 66
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A Monster of an Idea

In the CEO Afterlife

For brands that are not first-in, conventional wisdom suggests creating a better product than the leader. However, the energy drink category is not about product differentiation. An entire chapter is spent on avoiding the urge to “line extend” versus creating unique new products.

Reis 240
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The Brands That Make Customers Feel Respected

Harvard Business Review

CQ tries to assess what draws customers to certain brands, like REI, Wegmans, Dove, and Marriott. Take REI, for example. Last year REI announced it was closing all its stores on Black Friday to encourage employees and consumers to spend the day outdoors with their families and friends. increase in revenue, to $2.4

Brand 8
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Lean Doesn’t Always Create the Best Products

Harvard Business Review

As a practitioner of a design-led form of product development, and in my own research and writing about an empathetic approach to product design, I’m overtly critical of the Lean manifesto. While many startups fail because of poor execution, I would argue that the majority fail because their product has no market.

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Big-Box Retailers Have Two Options If They Want to Survive

Harvard Business Review

PwC has observed that niche products, experiences, and services uniquely suited to individual tastes, interests, and aspirations have become “the new consumer indulgence.” Ikea uses its warehouses to stage fully furnished rooms where people can experience its products in situ and get decorating ideas.

Retail 9