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Overcome the Customer’s Concern – Transfer the Risk

Destination Innovation

Once they gained this insight Hyundai decided on a daring marketing strategy. Hyundai saw its share of the US automobile market rise from 3.0 Source Automotive News May 2011 ). The lesson for marketers is to keep asking ‘why? ‘ Because they are worried. Why are they worried? Only 350 customers returned their vehicles.

Marketing 206
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Nine Short Innovation Lessons from Lego

Destination Innovation

David Gram, Head of Marketing at Lego’s Future Lab, said, “We only develop the few key features that are really needed. We throw it into the market and get feedback from consumers.”. As recently as 2011 90% of Lego’s users were boys. In a brilliant stroke of marketing Lego licensed Star Wars characters and vehicles.

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Does the Stock Market Inhibit Innovation?

Destination Innovation

His conclusion is that these results suggest that the transition to public equity markets leads firms to reposition their R&D investments toward more conventional and safer projects. They compared 207 consumer goods companies and a sample of over 40,000 new products between 1980 and 2011.

Marketing 100
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Bypass the Naysayers

Destination Innovation

If the main route to market for your great innovation is blocked by naysayers committed to current products and methods, you should ask – who benefits most from this? Fifty Shades of Grey is a 2011 erotic romance novel by British author E. When we launched CDs, we did no market surveys and hired no consultants.

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Optimism Bias

Idea to Value

One of the most cited-assessments of the bias from 2011 gives the following examples: When it comes to predicting what will happen to us tomorrow, next week, or fifty years from now, we overestimate the likelihood of positive events, and underestimate the likelihood of negative events. This is a cognitive bias known as the optimism bias.

Project 212
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Summaries of the 50 Best Business Books

Destination Innovation

Would you like to have read the best 50 books on sales, marketing, leadership, innovation, entrepreneurship and self-improvement? Just imagine all the insights and lessons you would have learned and how that would have helped you in your business career. But how much time would it have taken?

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2024: A Pivotal Year

Digital Tonto

GDP would fall by 14% and the ad market, which fueled the media business I ran, fell by 85%. Related posts: Why 2020 Is Shaping Up To Be A Pivotal Year 2012 – The Year of the Interface 2010 – The Year Everything Was Supposedly Dead; 2011 – The Year of Scale and Synergy Top Posts of 2009 2015: The Year The Cloud Bursts