Clicky

Customers Score Highest New Products that Balance Innovation and the Familiar - Ideas for Leaders

Customers Score Highest New Products that Balance Innovation and the Familiar

Idea #824

Customers Score Highest New Products that Balance Innovation and the Familiar

To gain access to all Ideas for Leaders content please Log In Here or if you are not already a Subscriber then Subscribe Here.
Photo by Felipe Bustillo on Unsplash
Photo by Felipe Bustillo on Unsplash

KEY CONCEPT

Customers prefer new products that balance innovation and the familiar. With too much innovation, according to a study based on 50,000 movie reviews, positive evaluations of a product turn negative. Companies with a high reputation for innovation need to be particularly careful not to violate customer expectations.


  • SHARE

Ideas for Leaders is a free-to-access site. If you enjoy our content and find it valuable, please consider subscribing to our Developing Leaders Quarterly publication, this presents academic, business and consultant perspectives on leadership issues in a beautifully produced, small volume delivered to your desk four times a year.

FIND OUT MORE HERE

Idea conceived

March 11, 2022

Idea posted

Aug 2022
challenge block
Can't find the Idea you are after?
Then 'Challenge Us' to source it.

SUBSCRIBE TO IDEAS FOR LEADERS AND ACCESS ALL OUR IDEAS, PODCASTS, WEBINARS AND RECEIVE EXCLUSIVE EVENT INVITATIONS.

For the less than the price of a coffee a week you can read over 650 summaries of research that cost universities over $1 billion to produce.

Use our Ideas to:

  • Catalyse conversations with mentors, mentees, peers and colleagues.
  • Keep program participants engaged with leadership thinking when they return to their workplace.
  • Create a common language amongst your colleagues on leadership and management practice
  • Keep up-to-date with the latest thought-leadership from the world’s leading business schools.
  • Drill-down on the original research or even contact the researchers directly

Speak to us on how else you can leverage this content to benefit your organization. info@ideasforleaders.com