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“The IKEA Effect: Why We Value What We Build” The IKEA Effect is a psychological phenomenon where people place higher value on products they partially create themselves. The name comes from IKEA, where customers assemble furniture — and end up lovin

Unfinished Business: How the Zeigarnik Effect Keeps Customers Engaged” The Zeigarnik Effect is a psychological phenomenon where people remember incomplete tasks better than completed ones. Businesses use this to boost engagement and retention. For e

Decathlon revolutionized India’s unorganized sports retail market by targeting beginners (75%) and enthusiasts (25%), offering affordable yet high-quality products. Its immersive store design leverages the endowment effect, encouraging customers to t

So what is network effect? A network effect is when each additional user adds value to the existing user base. So your users themselves are creating some value for the existing users. So ,to understand better understand that google is the only one

Keep customers connected with informative product follow-up emails. To make their customers feel appreciated, Lekker Home creates product follow-up emails that tell shoppers everything they need to know about what they bought, from care instructions

Cosmic creation from the dark. A concept. Time with magnetic attachment arising from a black hole. In a space, time, gravity, energy oriented conversion reaction, as the reaction progresses, real time moves in a direction opposite to the reaction en

Hey guys! Can I integrate a quick commerce business model with clothing products, allowing customers to order multiple items to their home, try them on, and then keep only the ones they like? Tell me this idea work or not ?

I’ve had numerous conversations about why some companies excel in customer service while others struggle. Let’s explore a few key areas that could be game-changers for you: 1.⁠ ⁠Empathy Over Procedure ⤷ When talking with customers, it’s important t

Understanding Value Creation and Customer Needs 1. What is Value Creation? Definition: In business, value creation means providing products or services that solve a problem, fulfill a need, or deliver a benefit to your customers. Key Question: How

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