Why do thousands of people line up outside department stores waiting for the doors to open on Boxing Day? The stock is the same as it was two days before, after all— what’s changed is the story the buyer gets to tell himself. You are in the story selling business, as much as you are…

Read More

There was a palpable buzz when one of the most gifted leaders in retail, Ron Johnson—the guy who led the creation of the Apple Store experience, took on the role of CEO at the hundred-year-old company J.C. Penney. All eyes were on him. The business world wanted to know how he was going to transform…

Read More

I’m worth it. It might be gone tomorrow. You could make it at home for half that. This is a one off. People pay for intangible value all the time. Consider Uber, “the app that connects you with a driver at the tap of a button” on your smartphone. If you simply need to get…

Read More

There are over fifty yoga studios within striking distance of the affluent Eastern suburbs of Sydney and they’ve discovered a tactic to get bums on mats. Many of them now offer two weeks of unlimited Yoga for just $25, which works well…… for a little while anyway. A savvy Yogi can take them up on…

Read More