Top of the line! Novel new features! Can't live without convenience! When it comes to new products, there seems to be no limit to the different varieties and options, even within the same class of items (if you have ever had to purchase a new appliance, you know what I'm talking about).
But what makes certain products stand out from others, and ultimately realize more commercial success for their developers?
Joining me to share their research in this area is Yonghoon Lee with The Hong Kong University of Science and Technology and Tian Chan with Emory University. Their study, "Anchored Differentiation: The Role of Temporal Distance in the Comparison and Evaluation of New Product Designs," selected for publication in the INFORMS journal Organization Science, looks at how consumers evaluate new product designs and how this can benefit product designers.Click here to listen!
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