Category: Excerpts

💎 On the dangers of everyday low pricing (as JCPenney and Macy’s found)

Every day, companies or governments wrongly make highly simplistic assumptions about what people care about. Two major US retailers, JCPenney and Macy’s, both fell foul of this misunderstanding when they tried to reduce their reliance on couponing and sales, and instead simply reduced their permanent prices. In both cases, the strategy was a commercial disaster. People didn’t want low prices – they wanted concrete savings. One possible explanation for this is that we are psychologically rivalrous, and we like to feel we are getting a better deal than other people. If everyone can pay a low price, the thrill of having won out over other people disappears; a quantifiable saving makes on feel smart, while paying the same low prices as everyone else just makes us feel like cheapskates. Another possible explanation is that a low price, unlike a discount, does not allow people any scope to write a more cheerful narrative about a purchase after the event – ‘I saved £33’, rather than ‘I spent £45’.

Excerpt from: Alchemy: The Surprising Power of Ideas That Don’t Make Sense by Rory Sutherland

💎 On the pratfall effect (and how it destigmatised low cost airlines)

When you think about it, it is rather strange how explicit low-cost airline are about what their ticket prices don’t include: a pre-allocated seat, a meal, free drinks, free checked luggage – such deficiencies help to explain and destigmatise the low prices. ‘Oh, I see,’ you can say, when you see a flight to Budapest advertised for £37, ‘the reason that low price is possible is because I won’t be paying for a lot of expensive fripperies that I probably don’t want anyway.’ It’s an explicit, well-defined trade-off, and one that we feel happy to accept.

Imagine if cheap airlines instead claimed: ‘We’re just a good as British Airways, but at a third of the price.’ Either nobody would believe them, or else such a claim would raise instant doubts. ‘Maybe the only reason they’re cheaper is because they don’t bother servicing the engines or training the pilots, or because the planes are scarcely airworthy.’

Excerpt from: Alchemy: The Surprising Power of Ideas That Don’t Make Sense by Rory Sutherland

💎 On the counter-intuitive benefits of a lack of experience (fear those who have never had a sword in their hand before)

The best swordsman in the world doesn’t need to fear the second-best swordsman in the world; no, the person for him to be afraid of is some ignorant antagonist who has never had a sword in his hand before; he doesn’t do the sane thing he ought to do, and so the expert isn’t prepared for him.

Excerpt from: Digital Darwinism: Survival of the Fittest in the Age of Business Disruption by Tom Goodwin

💎 On selling something surprising (make it familiar). On selling something familiar (make it surprising)

But by using familiar form, TiVo mad people more comfortable adopting radical innovation, By hiding the technology in something that looked visually familiar, TiVo used similarity to make difference feel more palatable.

Many digital actions today visually evoke their analog ancestors. We click on the icon of a floppy disk to save documents and drag digital files to be thrown away in what looks like a waste bin. Visual similarity also shows up offline. High-end care often use fake wood grain on the dashboard and veggie burgers often have grill marks. All make the different seem more similar.

The opposite also holds. Design can be used to make incremental innovations feel more novel. When Apple introduced the iMac in 1998, it featured only minor technological improvements. But from a visual standpoint it was radically different. Rather than the same old black or grey box, the iMac was shaped like a gum drop and came in colors like tangerine or strawberry. The device was hugely successful, and design, rather than technology, created the needed sense of difference that encouraged people to purchase.

Excerpt from: Invisible Influence: The Hidden Forces That Shape Behavior by Jonah Berger

💎 On problem solving among homogeneous groups being more enjoyable but less effective (lazy groupthink)

But does the lack of variety carry disadvantages, too? This is something that a group of researchers decided to test. They therefore set groups of frat-house members a test in the form of a murder mystery puzzle. First off, each student had to spend twenty minutes alone with a dossier of evidence. Then they were joined by two other member of their fraternity group for a twenty-minute discussion. Five minutes into their chat either a further member of their fraternity group would be brought in to help them or someone previously unknown to them.

The results were unequivocal. Those groups composed entirely of people from the same frat house found the experience far more enjoyable than those who had been joined by an outsider. They were also more confident and much more happier about the conclusion they finally came to. There was just one snag. Whereas the groups with the interloper got the answer correct 60 per cent of the time, for the homogeneous groups the figure was just 29 per cent – they were half as successful

And this shows one of the challenges of group diversity. It doesn’t always feel easy. It seems so much more straightforward for us to have team members around who adhere to whatever it happens to be the we think constitutes the ‘norm’. Yet this is dangerous. The fact is that it’s the inclusion of a different perspective that will militate against the lazy groupthink we’re so often guilty of.

Excerpt from: The Joy of Work: The No.1 Sunday Times Business Bestseller – 30 Ways to Fix Your Work Culture and Fall in Love with Your Job Again by Bruce Daisley

💎 On mistaking negativity for intelligence (anyone can say something nice)

In her study ‘Brilliant but Cruel’, Teresa Amabile, a professor at Harvard Business School, asked people to evaluate the intelligence of book reviewers using reviews taken from the New York Times. Professor Amabile changed the reviews slightly, creating two different versions: one positive and one negative. She made only small changes in terms of the actual words, for example changing ‘inspired’ to ‘uninspired’ and ‘capable’ to ‘incapable’.

A positive review might read, ‘In 128 inspired pages, Alvin Harter, with his first work of fiction, shows himself to be an extremely capable young American author. A Longer Dawn is a novella – a prose poem, if you will – of tremendous impact. It deals with elemental things – life, love and death, and does so with such great intensity that it achieves new heights of superior writing on every page.’

While a negative review might read, ‘In 128 inspired pages, Alvin Harter, with his first work of fiction, shows himself to be an extremely incapable young American author. A Longer Dawn is a novella – a prose poem, if you will – of negligible impact. It deals with elemental things – life, love and death, and does so with such little intensity that it achieves new depths of inferior writing on every page.’

Half the people in the study read the first review, the other half read the second, and both rated the intelligence and expertise of the reviewer. Even though the reviews were almost identical – the only difference being whether they were positive or negative – people considered the reviewers with negative versions 14 per cent more intelligent and as having 16 per cent more expertise in literature. Professor Amabile writes the ‘prophets of doom and gloom appear wise and insightful’. Anyone can say something nice – but it tales an expert to critique it.

Excerpt from: The Key to Happiness: How to Find Purpose by Unlocking the Secrets of the World’s Happiest People by Meik Wiking

💎 On our want for the familiar done differently (not something truly new)

The concept of sushi was introduced into the United States during the late 1960s, a period of whirlwind change in tastes — entertainment, music, fashion and food. At first, the idea of sushi did not bite. Keep in mind that the average family at the time was sitting down to a dinner of cuts of meats with sides of mashed potatoes swimming in gravy. The thought of eating raw fish was bewildering, even dangerous, in the minds of most restaurant goers. And then a chef by the name of Ichiro Mashita, who ran Tokyo Kaikan, a small sushi bar in downtown Los Angeles, had a clever idea. He asked, ‘What would happen if the strange ingredients were combined with familiar ingredients such as cucumber, crabmeat and avocado? Mashita also realized that Americans preferred seeing the rice on the outside and seaweed paper in the interior. In other word, the roll would feel more familiar if it was made ‘inside-out’.

Demand exploded. The Californian Roll was a gateway for many people to discover Japanese cuisine. Americans now consume $2.25-billion-worth of sushi annually. As Nir Eyal, the author of Hooked, writes, ‘The lesson of the California Roll is simple – people don’t want something truly new, they want the familiar done differently.’

Excerpt from: Who Can You Trust?: How Technology Brought Us Together – and Why It Could Drive Us Apart by Rachel Botsman

💎 On the danger of ignoring small data sets (almost killing Nokia)

The ethnographer Tricia Wang even suggested in her 2016 TEDxCambridge talk that quantifications bias created by big data led to the near death of Nokia as a handset manufacturer. All their data suggested that people would only spend a certain proportion of their salary on a phone handset, so the market for smartphones in the developing world would be correspondingly small. Wang noticed that, once people saw a smartphone, their readiness to spend on a handset soared. Her findings were ignored as she had ‘too few data points’. However, in reality, all valuable information starts with very little data — the lookout on the Titanic only had one data point… ‘Iceberg ahead’, but they were more important than any huge survey on iceberg frequency.

Excerpt from: Alchemy: The Surprising Power of Ideas That Don’t Make Sense by Rory Sutherland

💎 On the surprising benefits of restrictions (for new ideas)

We were designing stamps showcasing British fashion, but were struggling.

If we featured the clothes on well-known people, that would draw attention away from the garments. If we use models, that would be distracting too. Yet showcasing the clothes on hangers seemed lifeless.

The answer? To photograph the outfits on live models, whose faces were digitally removed. We had made the clothes come alive, saved on the make-up bills – and created something unique.

Excerpt from: Now Try Something Weirder: How to keep having great ideas and survive in the creative business by Michael Johnson

💎 On Alka-Seltzer and the importance of making a product’s function clear (in the tagline)

For example, people knew that Alka-Seltzer was taken for an upset stomach, but market research showed that nobody knew how many they should be taking — so most people just took one. But when viewers saw the infamous “Plop, plop, fizz, fizz, oh what a relief it is” ads, purchases of Alka-Seltzer nearly doubled overnight. The tagline that sold the product became indivisible from the products function because it told consumer something they did not know.

Excerpt from: Words That Work: It’s Not What You Say, It’s What People Hear by Frank Luntz

💎 On the power of targeting rejecters when they’re partially distracted (we’re more easily persuaded)

In 1964, Festinger and Nathan Maccoby, academics at Stanford University, recruited members of college fraternities. They played those students an audio argument about why fraternities were morally wrong. The recording was played in two different scenarios; students either heard it on its own or they watched a silent film at the same time.

After the students had heard the recording, the Stanford psychologists questioned them as to how far their views had shifted. Those who had heard the argument at the same time as the silent film were more likely to have changed their opinion.

The psychologists’ hypothesis was that the brain is adept at generating counter-arguments that maintain its existing opinions, but when the brain is distracted that ability is hampered. We’re more easily persuaded when focusing on more than one thing at a time.

The lesson is clear: target rejecters when they’re partially distracted.

Excerpt from: The Choice Factory: 25 behavioural biases that influence what we buy by Richard Shotton

💎 On the McRib and the power of scarcity (bring back the McRib!)

1981… McRib launches. But then sales numbers came in. Unfortunately, they were lower than expected at launch. McDonald’s tried promotions and features, but not much worked. So after a few years it dropped the McRib, citing Americans’ lack of interest in pork.

A decade later, however, McDonald’s figured out a clever way to increase demand for the McRib. It didn’t spend more money on advertising. It didn’t change the price. It didn’t even change the ingredients.

It just made the product more scarce.

Sometimes it would bring the product back nationally for a limited time; in other cases it would offer it at certain locations but not others. One month it would be offered only at franchises in Kansas City, Atlanta, and Los Angeles. Two months later it would be offered only in Chicago, Dallas, and Tampa.

And its strategy worked. Consumers got excited about the sandwich. Facebook groups stated popping up asking the company to “bring back the McRib!”

Excerpt from: Contagious: Why Things Catch On by Jonah Berger

💎 On turning a dry statistic into something genuinely moving (to win people over)

Beyond War would arrange “house parties,” in which a host family invited a group of friends and neighbors over, along with a Beyond War representative to speak to them. Ainscow recounts a simple demonstration that the group used in its presentations. He always carried a metal bucket to the gatherings. At the appropriate point in the presentation, he’d take a BB out of his pocked and drip it into the empty bucket. The BB made a loud clatter as it ricocheted and settled. Ainscow would say, “This is the Hiroshima bomb.” He then spent a few minutes describing the devastation of the Hiroshima bomb — the miles of flattened buildings, the tens of thousands killed immediately, the larger number of people with burns or other long-term health problems.

Excerpt from: Made to Stick: Why some ideas take hold and others come unstuck by Chip Heath and Dan Heath

💎 On why rough layouts sell the idea better than polished ones (develop and change as you progress)

There is either too much to worry about or not enough to worry about. They are equally bad.

It is a fair accompli.

There is nothing for him to do. It’s not his work, it’s your work. He doesn’t feel involved.

If he doesn’t like the face of the girl in your rendering, or the style of the trousers worn by the man on the right, or your choice of the car he’s driving, he will reject it.

He won’t see the big idea. He will look at the girl’s face and thing, ‘I don’t like her, this doesn’t feel right.’

It is very difficult for him to imagine anything else if what you show him has such detail.

Show the client a scribble.

Explain it to him, talk him through it, let him use his imagination.

Get him involved.

Because you haven’t shown the exact way it’s going to be, there’s scope to intercept it and develop and change as you progress.

Work with him rather than confronting him with your idea.

Excerpt from: It’s Not How Good You Are, It’s How Good You Want To Be: The world’s best-selling book by Paul Arden by Paul Arden

💎 On the best copy (and revolutions)

It’s good discipline for a writer to work at a place that doesn’t believe in writing. I spent three years at BBH, where less was most definitely more. “The best copy” John Hegarty would say, “is no copy.” And: “If the French could inspire a revolution with just three words: “Liberte, Egalite, Fratenite”, why should you need any more than that to sell soap powder?”

Excerpt from: D&Ad Copy Book by D&AD

💎 On science progressing “one funeral at a time” (the old guard)

Instead of a gradual, evolving progression, Kuhn describes a bumpy, messy process in which initial problems with a scientific theory are either ignored or rationalized away. Eventually so many issues pile up that the scientific discipline in question is thrown into a crisis mode, and the paradigm shifts to a new explanation, entering a new stable era.

Essentially, the old guard holds on to the old theories way too long, even in the face of an obvious-in-hindsight alternative. Nobel Prize-winning physicist Max Planck explained it like this in his Scientific Autobiography and Other Papers: “A new scientific truth does not triumph by convincing it opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it,” or, more succinctly, “Science progresses one funeral at a time”.

Excerpt from: Super Thinking: The Big Book of Mental Models by Gabriel Weinberg and Lauren McCann

 

💎 On the weakness of the arguments for targeting Millennials (it’s a lack of perspective)

Next, it’s argued that Millennials represent the future. What they do now, everyone will be doing one day. This is probably the weakest argument of all. Our job is to sell to society as it is now. Not as it will be in 10 years’ time. Young people change behaviour as they grow older, so they’re not always a reliable guide to the future. We need to distinguish ‘life-status effect’ from ‘cohort effect’. Just because young people watch less TV than average, TV viewing is not necessarily bound to decline in the future. Young people have always watched less TV than older viewers because they go out more.

We suspect that advertising’s obsession with youth is partly due to lack of perspective. We all tend to assume the average person is someone like us. And people who work in advertising are mostly young. Now there’s less TGI analysis and fewer focus groups going on, young planners are often disbelieving of how old the people buying their brands actually are (TGI reveals, for example, that the average new car buyer in the UK is 56).

Excerpt from: How not to Plan: 66 ways to screw it up by Les Binet and Sarah Carter

💎 On how shifting a brand’s comparison set can radically change willingness to pay (Tesco, PG Tips and Twining’s)

In one study I told participants that a 250g box of PG Tips cost £2.29, while the same weight of Tesco own label tea cost £1. When questioned about the price, 31% of the respondents rated PG Tips as good value.

I then asked another group the same question but with one tweak. Rather than compare PG Tips to own label it was contrasted with Twining’s, priced at £3.49. In this scenario, the number who thought PG Tips represented good value jumped to 65%.

Brands can apply price relativity in two broad ways. First, don’t accept your comparison set as fixed. Do everything you can to change the field of reference shoppers have to one that is even more profitable to you.

Excerpt from: The Choice Factory: 25 behavioural biases that influence what we buy by Richard Shotton

💎 On how Nespresso increased willingness to pay by changing their comparison set (“the machine’s paying for itself”)

I’ve just got one of those Nespresso machines, it’s fantastic. The really interesting thing about this Nespresso machine is that if I asked you to go out and buy those Twining’s super premium teabags which are £6.50 for 25 teabags you’d look at me as if I’m bonkers. For £6.50 you should get 100 teabags, 1,000 tea bags, you know? But actually it’s 25p for a cup of tea, it’s not bonkers, you pay a quid or two at Starbucks, but paying that for a teabag seems impossible. Wha’t clever about the espresso machine is that because it comes in individual pods, if you had to buy a jar of espresso coffee it would cost about 150 quid. You say to yourself: “I can’t, I simply cannot buy this thing, I cannot bring myself to pay 100 quid for a jar of Nescafe, it’s impossible”, but because the things come in individual pods, our frame of reference isn’t Nescafe, it’s Starbucks, where we actually pay a quid or two for a shot of coffee at Starbucks, so at 26p, well the machine’s paying for itself, right?

Excerpt from: Rory Sutherland: The Wiki Man by Rory Sutherland

💎 On the blurred lines between price and value (especially on Black Friday)

Black Friday (and now Cyber Monday) are marked clearly in shopping calendars around the world. The event started as an invention of an American organisation, the National Association of Retailers. Their aim; increase retail sales. An aim that has now well surpassed initial expectations.

For those unfamiliar, Black Friday and Cyber Monday events offer a limited number of discounted products to customers. Some retailers see customers queuing for days in advance to grab the best bargains. In many cases a retail frenzy ensues when the doors finally open.

Scarcity is one of the key factors behind the success of these shopping days. Retailers promote to customers that a limited number of items will be available at discount. Customers who might not have needed a new TV suddenly attribute additional value to it because of scarcity, turning them into must have items in conjunction with the discount

Remember, price does not equal value. This is important. Even though these shopping days provide discounts to customers, that is a reduction in price, the value of the product to a customer does not necessarily change. If they don’t need a new TV before the event, a discount is not going to change their need for it.

Limited or rare supplies are perceived by people as a threat to their freedom of choice, triggering a reaction to fight the threat and maintain their access to the resource.

Excerpt from: Product Gems 1: 101 Science Experiments That Demonstrate How to Build Products People Love by David Greenwood

💎 On the power of the centre (even when you’re a gameshow contestant)

In the UK, there was a popular game show called The Weakest Link broadcast on television that aired between 2000 and 2012. The show was presented by Anne Robinson who was known for her sharp and forthright style, to put it mildly.

If you’re not familiar with the game, each contestant answered a question in sequence determined by their position in a line up. Each correct answer earned an ever-increasing sum of money until the pot was “banked” or kept, at which point the value of the pot was reset, but the round continued. At the end of each round, the contestants voted who they’d like to eliminate until one person, the winner, remained.

If players were acting rationally, they would vote out the “weakest link”, the worst player, at the end of each round in order to “bank” the most money in preceding rounds. However, the number of incorrect answers given was not the only determining factor used by the players when deciding who to vote off.

In many cases, players overlooked errors that those in the centre of the line-up made to a greater extent than errors made by those in extreme positions. This gave centre position holders more favourable assessments and, as such, they were often ignored when it came to voting. During the twelve years that the show aired, significantly more winners came from the centre of the stage.

This phenomenon is known as the centre-stage effect, and we are influenced by it every single day. Positioning is vitally important and has drastic implications on consumer behaviour, and your own success.

Excerpt from: Product Gems 1: 101 Science Experiments That Demonstrate How to Build Products People Love by David Greenwood

💎 On the danger of (Microsoft’s) “petty” financial rewards

A promotion was launched that gave Xbox users 20 Microsoft points, a digital currency issued by Microsoft that could be used purchase a range of digital goods. There were a number of criticisms of this since discontinued digital currency, not least because points were deceptive in terms of actual real-world cost. 79 Microsoft Points was, at one point, worth about $0.99 USD.

Some back-of-the-napkin math shows Microsoft’s birthday present of 20 Microsoft points was worth just $0.25! “Don’t spend it all at once”, “100 more years and I can buy a game” and “thanks Microsoft!” are just a few of the sarcastic comments posted in the very public Xbox forums.

Microsoft got it wrong. In this instance no reward, the status quo, or simply saying “thank you” would have been better than all the negative press garnered from offering such a relatively small sum to reward users.

We reject “petty” financial rewards that do not meet our expectations. When we do accept them, it can have a negative impact on our satisfaction.

Excerpt from: Product Gems 1: 101 Science Experiments That Demonstrate How to Build Products People Love by David Greenwood

💎 On how a German village dealt with the problem of neo-Nazis (by reframing the problem)

So the local community has formed a group called EXIT, to help educate and de-radicalise young people, to encourage them to leave the group and help them find better lives.

But EXIT needs funding.

So the townspeople have decided, since they can’t stop the neo-Nazis marching, to use the march for their own ends.

Instead of resisting the march they are now encouraging the march.

Because they are using the march to raise money.

For every metre the neo-Nazis march, local businesses are donating ten euros to EXIT.

So the neo-Nazis will now be marching to fund EXIT.

The further they march, the more money EXIT gets.

If the neo-Nazis don’t like it they can stop marching.

Whichever way they decide, it’s a result for the local community.

Whether the neo-Nazis march or not, the little village wins.

The inhabitants now treat the march as something to enjoy and have fun with.

Every 100 metres there are signs stencilled on the ground, thanking the marchers for the money they’re raising:

YOU HAVE RAISED 1,000 EUROS FOR EXIT.

YOU HAVE RAISED 2,000 EUROS FOR EXIT.

YOU HAVE RAISED 3,000 EUROS FOR EXIT.

And so on.

By the time the neo-Nazis reach the cemetery they’ve marched a kilometre, which means they’ve raised 10,000 euros for EXIT.

So there is a huge rainbow sign thanking them, and the locals throw rainbow confetti over them.

Excerpt from: Creative Blindness (And How To Cure It): Real-life stories of remarkable creative vision by Dave Trott

💎 On the power of surprise to fight crime (by the London Met)

However, smart-thinking cops have found other innovative ways to tackle the problem. In 2012, Met Police officers used a borrowed No. 2 London bus to sneak up on a gang of street gamblers on Westminster Bridge. Normally, the lookouts alert the street gamblers well in advance but, on this occasion, they hadn’t anticipated the 30-plus officers who jumped out on them as the bus came alongside. More than 25 gamblers were detained and 12 were charged with gaming offences.

Excerpt from: Why Did the Policeman Cross the Road?: How to solve problems before they arise by Stevyn Colgan

💎 On the importance of creating ‘information gaps’ (to hold attention)

Loewenstein writes of a test in which participants were confronted by a grid of squares on a computer screen. They were asked to click on five of them. Some participants found that with each click, another picture of an animal appeared. But a second group saw small component parts of a single animal. With each square they clicked, another part of a greater picture was revealed. This second group were much more likely to keep on clicking squares after the required five, and then keep going until enough of them had been turned that the mystery of the animal’s identity had been solved. Brains, concluded the researchers, seem to become spontaneously curious when presented with an ‘informations set’ they realise is incomplete. ‘There is a natural inclination to resolve information gaps,’ wrote Lowenstein, ‘even for questions of no importance.’

Excerpt from: The Science of Storytelling by Will Storr

💎 On the false distinction between emotional and rational ad campaigns (demonstrated best by Volkswagen)

In advertising, we assume the only way to get an emotional response is with an emotional appeal.

But Bill Bernbach knew that isn’t true.

Look at the history of Volkswagen advertising.

For fifty years they did product demonstrations.

And they build a brand that has massive emotional appeal.

Ask anyone about VW and they’ll say “reliable”.

That’s an emotional response based on rational advertising.

Because a rational demonstration can have a more powerful emotional affect than something vacuous designed purely to appeal to the feelings.

Done properly, reason is emotion.

Excerpt from: Creative Mischief by Dave Trott

💎 On the best example of branded content being 100 years old (the Michelin Guide)

In 1900 the Michelin brothers owned a tyre company in France.

They wanted to sell more tyres.

And, in order to do that, they needed to get drivers to wear down the ones they had.

So in 1900 they issued the first Michelin Guide.

It showed all the great things to see and do around France.

It encouraged people to get out in their cars and drive to all these places.

It featured a list of sights to see, places to buy petrol, places to stay.

The locations of garages, mechanics.

And, being French, good places to eat.

Excerpt from: Predatory Thinking: A Masterclass in Out-Thinking the Competition by Dave Trott

💎 On the Theory of Omission (why copywriting isn’t like writing a book)

A book may take months to write.

Thats okay because people can take weeks to read it, savouring each word.

Copywriting isn’t like that.

Copy has to compete for attention.

We can’t assume that every word will be pored over, like a book.

That’s what made Ernest Hemingway different as a writer.

Hemingway trained as journalist.

Before he became a novelist, he worked on the Kansas City Star.

He learned the paper’s style, it became his guide to writing:

‘Use short sentence. Use short paragraphs. Use vigorous English.’

He learned to get the most from the least, to prune language.

Later in life Hemingway would call this style ‘The Iceberg Theory’.

By stating the bar minimum, you let the reader’s imagination add the part unsaid, the part below the surface.

In writing classes at universities it’s now known as ‘The Theory of Omission’.

Excerpt from: One Plus One Equals Three: A Masterclass in Creative Thinking by Dave Trott

💎 On the rational excuse justifying the emotional decision (always include one)

Reason, despite what we would like to think, is not why we do what we do: it is the result of what we feel or do.

Famed adman David Ogilvy recognized this long ago when he wrote:

“Customers need a rational excuse to justify their emotional decisions. So always include one.”

(In France I once saw this expressed as “le rationnel est l’alibi du desir”.)

Why I love this observation is that Ogilvy uses a word not often given an airing in the communications business: excuse. Not reason or even (eugh) benefit or proposition, but excuse.

Excerpt from: The Storytelling Book (Concise Advice) by Anthony Tasgal

💎 Beware fool’s gold white space (when assessing new markets)

Fool’s gold looks like gold, but it isn’t.

It’s usually some other yellow mineral like pyrite or chalcopyrite.

White space is blank, and when it’s on a strategist’s market map, it makes them think there’s a gap to be exploited.

But they might be wrong, particularly when it comes to innovations.

‘Fool’s gold white space’ is an apparent gap in the market, but in truth it’s a failure masquerading as a viable opportunity.

Many an innovator has been fooled by it.

So next time you come across what appears to be an unoccupied area, ask yourself two questions.

Why is this space unoccupied?

What do they know that we don’t?

Excerpt from: The Smart Thinking Book: 60 Bursts of Business Brilliance by Kevin Duncan