Remove tag restaurants
article thumbnail

Finding the Sweet Spot Between Mass Market and Premium

Harvard Business

When the starter kit launched in Germany and France, consumers didn’t balk at the €40 price tag. The result was a bagged salad product that, on the plate, tasted as if it had come out of a restaurant kitchen. The product exceeded €10 million in first-year sales.

article thumbnail

Extracting Insights from Vast Stores of Data

Harvard Business

The company saw that people were using social signals to determine what was hot in a city (bars, restaurants, events) to reduce FOMO (fear of missing out). Using this insight, Heineken launched a campaign called “Cities of the World,” supported by a Twitter-based service called @wherenext to drive social engagement.

Data 28
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thinking Like a Consultant: Paralysis by Analysis

Management Consulted

We swam in mountain creeks, tried out new restaurants, and went boulder hopping. What is the price tag on doing the right thing? They left for the beach on that following Monday – driving 5 hours in the opposite direction. Our first few days were great, relaxing, beautiful, and adventurous. Something more or less?

Analysis 100
article thumbnail

How Low-Paying Retailers Can Adapt to Higher Minimum Wages

Harvard Business

These increases will seriously affect low-wage employers such as retailers and restaurants, which means investors should be asking some tough questions to see which low-wage employers in their portfolios will benefit from the wage hikes and which will lose: How are you increasing your labor productivity? Employees can also increase sales.

Retail 28
article thumbnail

Why Sourcing Local Food Is So Hard for Restaurants

Harvard Business

Chipotle, for example, differentiated itself from other restaurants by building a brand around a promise of fresh and local ingredients. Chipotle aimed to differentiate itself from other quick-serve restaurants on the basis of using local ingredients and local sourcing of its products. Some companies have ridden this wave.