Tuesday, September 18, 2012

Management Tip of the Day: Make Decisions Simpler for Your Customers

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Management Tip of the Day
Harvard Business Review
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SEPTEMBER 18, 2012
Make Decisions Simpler for Your Customers
When asked, consumers almost always say they want more options. But their purchasing behavior often indicates otherwise. Consumers are often overwhelmed by the flood of product information and choices available to them. Many report unnecessarily agonizing over trivial purchases. This cognitive overload causes them to make poor decisions, repeatedly change their minds, give up on purchases altogether, or regret the purchases they do make — none of which is good for your brand. Help your customers simplify their decisions. You can reduce choice by getting rid of less popular products. Or you can simplify their choices by helping them navigate their options and giving them trustworthy information they can use to weigh the alternatives.
Harvard Business Review Blog Today's Management Tip was adapted from "If Customers Ask for More Choice, Don't Listen" by Karen Freeman, Patrick Spenner and Anna Bird.
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