The 60 Second Leader Development system Click here to return to the homepage
PhilDourado.com - click here to go to the homepage

Phil who?
CV/Resume
What's on my wall?

Contact Phil DouradoContact me

Hub TV

Join mailing list
Email:  

Tips and insights on leadership, management, customers

The 60 Second Leader™
The book
The learning system

Books
Seven Secrets
Living with Huntington's
The 60 Second Leader™
The Little Book of Leadership

Work with me
Leadership development
Customer focus
Email newsletters
Speaking
Columnist

Some of my work
Corporate Publications
Newspapers & Magazines
Web & Journal Editing

People I like
Anita Roddick
Ricardo Semler
Kjell Nordstrom
Aidan Halligan
Shaun Smith
Marion Janner
Rene Carayol
Happy Henry
Peter Fisk
Chris Daffy
Robert Levering
Gerry Farrelly
Ron Kaufman

Working with

ECMW

NACCM

Leaders in London

Book Reviews

New Leaders

The New Leaders:
Daniel Goleman et al
(Titled Primal Leadership in the US)


For Phil's reviews of this and other books click here.

Site Design by Brom Sulaiman

Phil's Leadership Blog

Leaders in London


10 October 2006

 

The secret to happiness is...


...low expectations.

Everything was better when everything was worse.

Because:

When you have no choice and you are disappointed, the world is responsible.
When you have 100s of choices and you are still not happy with the ones you make, you blame yourself.

The more options we have, the more we regret what we didn't choose. This opportunity cost becomes a lingering regret that subtracts from the satisfaction of the choice,

I've been reading Barry Schwartz's excellent The Paradox of Choice: Why More Is Less . The above is a distillation.

If your product expansion strategy is based on horizontal extension - increasing the choice offered to consumers - you need to be aware of this paradox, as you do if you're a politician trying to push further choice into areas of our lives such as the health service and schools. (Hint: we want them all to be good, not to be able to choose between good schools and bad ones. You are passing the buck).

Schwartz cites research (also cited in Malcolm Gladwell's talks and books ) showing that customers are more likely to buy from a choice of half a dozen jams on a supermarket shelf than they are from a choice of thirty, which they hurry past, confused.

Schwartz was prompted to write his book after counting 175 salad dressings and 75 iced teas in his local supermarket and thinking "This is crazy".

Comments: Post a Comment

Links to this post:

Create a Link



<< Home

Archives

August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008  

This page is powered by Blogger. Isn't yours?

The Leadership Race
The Leadership Race: click to see who wins

Read my blogs
Leadership Blog
Customer Blog

Interesting
Bring on the dinosaurs
Weird news
Evolution in action
A touch of irony
Virtual shrink
Phi & The Golden Ratio
Bubble wrap
Do not press
Monterey Bay Aquarium

Phil Dourado

Must read
How to change the world
Johnnie Moore

Tom Peters
Seth Godin
Bob Sutton
Jim Clemmer
The Laws of Simplicity

Must click
thehungersite.com

Get ATOM feed
Get RSS feed

Like Phil's blog? Click on one of the links above to receive alerts when a new post goes up or click here to learn more about site feeds.

 


Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 2.0 License.

Site Design by Brom Sulaiman

Return to homepage The Leadership Hub for Corporates brochure Leadership Blog Customer Blog What's on my wal 60 Second Leader Book The Leadership Hub March's FREE Chapter Seven Secrets of Inspired Leaders The 60 Second Leader The Little Book of Leadership Open Source Leadership Development The Leadership Hub Speaker Author Leadership Development Journalist