Brand /business-school/ en Imperial Business School: The journey to arrive at the new brand identity /business-school/news/imperial-business-school-the-journey-arrive-the-new-brand-identity/ <h1 class="field title-huge field--name-title field--type-string field--label-hidden"> Imperial Business School: The journey to arrive at the new brand identity </h1> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.webp?h=27acd325&itok=1JBb0NeD 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" 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height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=1JBb0NeD 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=HkyeoRMR 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=bx5apbzq 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=FGsA97-v 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=1JBb0NeD" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Shamita Harsh</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2025-05-27T12:45:14+00:00" title="Tuesday, May 27, 2025 - 12:45" class="datetime">Tue, 27/05/2025 - 12:45</time></span> <div class="field 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class="field field--name-content-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <section class="paragraph paragraph--bnk-footer-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="blogs-listing"><div class="blogs-listing__items"> <div class="views-element-container"><div class="view view-flexible-news-listings view-id-flexible_news_listings view-display-id-listing_1 js-view-dom-id-a701d5198bcdaab0580e99c60c4126f4cac57a03a7b244394ad2203502fc19bb"> <div class="view-content"> <div class="listing-blocks listing-blocks--grid"> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="300"> <article class="node node--type-flexible-news node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-03/Dame%20Julia%20-%20Joan%20Woodward%20Memorial%20Lecture%202026%20-%20Imperial%20Business%20School%20-%20Cover%20image%201550%20x%20930.webp?h=27acd325&itok=H4U2AheT 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-03/Dame%20Julia%20-%20Joan%20Woodward%20Memorial%20Lecture%202026%20-%20Imperial%20Business%20School%20-%20Cover%20image%201550%20x%20930.webp?h=27acd325&itok=R3L4uatF 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-03/Dame%20Julia%20-%20Joan%20Woodward%20Memorial%20Lecture%202026%20-%20Imperial%20Business%20School%20-%20Cover%20image%201550%20x%20930.jpg?h=27acd325&itok=H4U2AheT 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-03/Dame%20Julia%20-%20Joan%20Woodward%20Memorial%20Lecture%202026%20-%20Imperial%20Business%20School%20-%20Cover%20image%201550%20x%20930.jpg?h=27acd325&itok=R3L4uatF 1x"></source><img loading="eager" width="560" height="448" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-03/Dame%20Julia%20-%20Joan%20Woodward%20Memorial%20Lecture%202026%20-%20Imperial%20Business%20School%20-%20Cover%20image%201550%20x%20930.jpg?h=27acd325&itok=H4U2AheT" aria-hidden="true" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-03-17T12:00:00Z" class="datetime">17 March 2026</time> News</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7468" class="blog-listing-item__title">“Markets are really sociology with bond maths,” says London Stock Exchange CEO at Imperial Business School</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about “Markets are really sociology with bond maths,” says London Stock Exchange CEO at Imperial Business School" class="blog-listing-item__link link--arrow" href="/business-school/news/markets-are-really-sociology-bond-maths-says-london-stock-exchange-ceo-imperial-business/" rel="bookmark">Read more</a> </div> </article></div> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="600"> <article class="node node--type-flexible-news node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-03/Imperial%20-%20FT%20Rankings%20%20-%20Cover%20image%20-%20news%20-%201550%20x%20930.webp?h=27acd325&itok=TIvUm5fT 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-03/Imperial%20-%20FT%20Rankings%20%20-%20Cover%20image%20-%20news%20-%201550%20x%20930.webp?h=27acd325&itok=VamX79M0 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-03/Imperial%20-%20FT%20Rankings%20%20-%20Cover%20image%20-%20news%20-%201550%20x%20930.jpg?h=27acd325&itok=TIvUm5fT 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-03/Imperial%20-%20FT%20Rankings%20%20-%20Cover%20image%20-%20news%20-%201550%20x%20930.jpg?h=27acd325&itok=VamX79M0 1x"></source><img loading="eager" width="560" height="448" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-03/Imperial%20-%20FT%20Rankings%20%20-%20Cover%20image%20-%20news%20-%201550%20x%20930.jpg?h=27acd325&itok=TIvUm5fT" aria-hidden="true" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-03-16T12:00:00Z" class="datetime">16 March 2026</time> News</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7470" class="blog-listing-item__title">Imperial’s Global Online MBA ranks first in the world for alumni salaries</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about Imperial’s Global Online MBA ranks first in the world for alumni salaries" class="blog-listing-item__link link--arrow" href="/business-school/news/imperials-global-online-mba-ranks-first-the-world-alumni-salaries/" rel="bookmark">Read more</a> </div> </article></div> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="900"> <article class="node node--type-news node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Mark%20Kennedy.webp?h=aa81dfca&itok=64HLLNzl 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-11/Mark%20Kennedy.webp?h=aa81dfca&itok=6B5JB6Ff 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Mark%20Kennedy.jpg?h=aa81dfca&itok=64HLLNzl 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-11/Mark%20Kennedy.jpg?h=aa81dfca&itok=6B5JB6Ff 1x"></source><img loading="eager" width="560" height="448" alt="Mark Kennedy" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Mark%20Kennedy.jpg?h=aa81dfca&itok=64HLLNzl" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-03-12T12:00:00Z" class="datetime">12 March 2026</time> News</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-4663" class="blog-listing-item__title">What does it take to lead responsibly in an age shaped by AI?</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about What does it take to lead responsibly in an age shaped by AI?" class="blog-listing-item__link link--arrow" href="/business-school/news/what-does-it-take-lead-responsibly-age-shaped-ai/" rel="bookmark">Read more</a> </div> </article></div> </div> </div> </div> </div> </div> </article></div> </div> </section></div> </div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2025-05-28T12:00:00Z" class="datetime">28 May 2025</time></div> <section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>In April 2025, Imperial Business School introduced a new brand identity that reflects both its unique position within Imperial London and its growing impact across disciplines, industries, and society.  </p> <p>Imperial’s journey in business education began nearly 70 years ago with the launch of its first postgraduate programme – an <a href="https://imperialcollegelondon.app.box.com/s/e9bi6keyj230451r81k1obc0vkbev2z3" target="_blank">MSc in Production Engineering & Management</a>. Since then, a series of milestones have laid the foundation of what is now Imperial Business School. These include the establishment of the Management School, the conferral of faculty status (becoming the Business School), the launch of the Global Online MBA, and most recently, the introduction of the School's first full undergraduate programme. </p> <p>At the heart of the rebrand is a powerful new strapline – <em>“where science means business”</em> – signalling a renewed commitment to bridging the gap between cutting-edge scientific discovery and real-world commercial and societal solutions. As our community continues to grow and evolve within this new framework, we offer a closer look at the creative strategy behind the rebrand and its long-term significance for Imperial Business School.  </p> <h3>Aligning with Imperial’s vision </h3> <p>The rebrand reflects our key role in Imperial’s Science for Humanity strategy, ensuring business thinking is embedded in the translation of science into practical impact. We act as a two-way bridge for transdisciplinary research and partnerships across the university, echoing the same mission Imperial has had since its founding: <em>"To be useful."</em> </p> </div> </div> </div> </div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg.webp?itok=8uYYsYvx" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> “Our new branding exemplifies our ever-closer ties with the wider university, which amplify our capacity to convert pioneering research into practical solutions that benefit society. This rebrand signifies a fresh chapter in our mission to champion innovation and leadership in addressing global challenges, bringing scientific advancements to humanity, and fulfilling the Imperial charter's vision of being truly useful.” </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Peter Todd</div> <div class="testimonial__position">Dean of Imperial Business School</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-06/Mirabelle%20Muuls%20-%20Imperial%20Business%20School%20_%20rebrand.jpg.webp?itok=88hwHBQn" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> “At Imperial Business School, we drive real-world progress and address society’s biggest challenges, such as climate change and sustainability. By collaborating and bringing together colleagues from across sciences, we are paving new pathways and innovating to deliver a greener and better future.” </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Dr Mirabelle Muûls</div> <div class="testimonial__position">Associate Professor in Economics at Imperial Business School and a co-Director of the School of Convergence Science – Sustainability</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h3>A renewed visual experience </h3> <p>The rebrand is more than a logo refresh – it’s a comprehensive new visual and verbal identity. Our new name, now simply Imperial Business School, along with our logo is the culmination of our ethos as a modern, open, and forward-thinking institution. It serves as a symbol of our commitment to business and social transformation to positively impact society. The strapline for our brand - <em>“where science means business”</em> - highlights our interdisciplinary spirit. This visual language is being implemented across <a href="https://www.linkedin.com/school/imperial-business-school/posts/?feedView=all&viewAsMember=true" target="_blank">social media</a>, printed materials, signage and other communications, reinforcing the extension of our values. </p> <h3>The design partnership </h3> <p>We partnered with Pentagram — one of the world’s leading design studios and the creative force behind <a href="/communications/about-us/projects/imperial-brand-project/" target="_blank">Imperial’s university-wide brand strategy</a> — to develop a new identity that resonates with the distinct character and vision of Imperial Business School. Through an extensive consultation process involving faculty, ý, alumni and professional staff, Pentagram translated our bold academic vision that reflects our interdisciplinary strengths, entrepreneurial mindset and global ambition. </p> <p>Created in collaboration with the video production agency h10, <a href="https://www.youtube.com/watch?v=l5AxkwLfITc">our short brand film</a> shows how the new identity was brought to life. The video captures the visual transformation of the logo, depicting the journey from the brand’s inception in scientific intellect to its convergence with business acumen. </p> <h3>Pathway to collaboration </h3> <p>The rebrand is about more than appearance – it’s grounded in how we collaborate across Imperial and beyond. Deeply embedded in Imperial’s research ecosystem we continue to be a hub for academics, policymakers and entrepreneurs. From the <a href="/deep-tech-entrepreneurship/" target="_blank">Institute for Deep Tech Entrepreneurship</a> to the <a href="/sectoral-economic-performance/" target="_blank">Centre for Sectoral Economic Performance</a>, the Business School strives to translate knowledge into innovation. The School continues to adapt to and solve complex real-world challenges in public health, emerging markets and climate change.  </p> <h3>What’s next? </h3> <p>The new identity is already being rolled out across digital and physical platforms and will continue to be updated throughout the year. At Imperial Business School, we continue to pride ourselves for not just being a part of a world-leading university, but a world-changing one. This rebrand provides a clearer, bolder expression of who we are – and the impact we aim to have. </p> <p>We are bringing science to humanity, to deliver value from scientific innovation and to create prosperity and well-being. Because at Imperial Business School, science means business – and business drives the future. </p> </div> </div> </div> </div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-06/Antoinette%20Nothomb%20-%20Imperial%20Business%20School%20-%20rebrand.jpg.webp?itok=OXsSougU" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> “I chose Imperial for my MSc so I could start a deep tech company and surround myself with the brightest minds in Europe. At the Business School, I joined entrepreneurial communities like the Grantham Institute and Enterprise Lab. Halfway through my programme, I met my co-founder and today, our startup is powered by Imperial engineers. Now based in White City, we benefit from labs, funding, world-class mentors, and specialised PhDs joining our mission.” </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Antoinette Nothomb</div> <div class="testimonial__position">MSc Innovation, Entrepreneurship and Management alumna and co-founder of Cyanoskin</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-07/Tatiana%20Chang%20-%20Profile%20image%20-%20Business%20School.jpg.webp?itok=BuwjtEwf" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> “At Imperial, the Climate Change, Management and Finance programme truly bridges climate science with business, finance, and real-world impact. Coming from a science background, I’ve loved seeing how research from the Grantham Institute and across the university shapes everything we do — from understanding climate risks and adaptation, to advancing climate finance, sustainable management, and corporate strategy. The programme doesn’t just teach science — it shows how scientific insight drives innovation, decision-making, and leadership. Science isn’t just in the background — it’s at the core of everything we do.” </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Tatiana Chang</div> <div class="testimonial__position">MSc Climate Change, Management & Finance and DSAC Deputy President</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-06/Ramana%20Nanda%20-%20Imperial%20Business%20School%20-%20rebrand.jpg.webp?itok=St4sYA3F" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> “Imperial Business School plays a critical role in bridging science and business. Through the research and programming at the Institute for Deep Tech Entrepreneurship, we engage with venture capital investors, university inventors and policy makers to help transform high-potential science into impactful ventures, unlocking the potential of university-based deep tech innovation.” </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Ramana Nanda</div> <div class="testimonial__position">Professor of Entrepreneurial Finance and Academic Lead at the Institute for Deep Tech Entrepreneurship </div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-blue paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--flexible-page-call-to-action call-to-action" data-aos="fade-up" data-aos-delay="300" data-aos-duration="1200"><h2 class="call-to-action__heading"> Subscribe to the IB Knowledge newsletter </h2> <ul class="call-to-action__links"><li class="call-to-action__link-item"> <a href="/business-school/sign-ib-knowledge/" class="call-to-action__link call-to-action__link--solid--">Sign up now</a> </li> </ul></article></div> </div> </section><div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/dean" hreflang="en">Dean</a></div> </div> <div class="c-social-share-widget "> <h3>Share</h3> <div class="c-social-share-widget__links"> <a href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" target="_blank" aria-label="Share on Facebook"> <img src="/business-school/modules/composer/social_media/icons/facebook_share.svg" alt="Facebook" /></a> <a href="https://www.linkedin.com/sharing/share-offsite?url=/business-school/taxonomy/term/1366/feed&amp;title=&amp;source=/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Linkedin"> <img src="/business-school/modules/composer/social_media/icons/linkedin.svg" alt="Linkedin" /></a> <a href="https://twitter.com/intent/tweet?url=/business-school/taxonomy/term/1366/feed&amp;status=+/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Twitter"> <img src="/business-school/themes/custom/icbs/images/twitter-black.svg" alt="Twitter" /></a> <a href="mailto:?subject=&amp;body=Check out this site /business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Email"> <img src="/business-school/modules/composer/social_media/icons/email.svg" alt="Email" /></a> </div> </div> <div class="field field--name-field-external field--type-boolean field--label-above"> <div class="field__label">External</div> <div class="field__item">Off</div> </div> <h2 class="field subtitle field--name-field-subtitle field--type-string field--label-hidden">Imperial Business School's new identity signals a fresh chapter in its mission to connect science with business for global impact</h2> <div class="field field--name-field-media-caption field--type-string field--label-above"> <span class="blue-line"></span>Main image: Photograph by Marcus Ginns | Video: h10 agency | Imperial Business School</div> <div class="field field--name-field-read-time field--type-estimated-read-time field--label-hidden field__item">5 minute read </div> Tue, 27 May 2025 12:45:14 +0000 Shamita Harsh 7293 at /business-school You’ve raised prices – now what?: Raconteur speaks to Dr Xinrong Zhu about companies passing rising costs onto consumers /business-school/news/youve-raised-prices-now-what-raconteur-speaks-dr-xinrong-zhu-about-companies-passing-rising/ <span class="field field--name-title field--type-string field--label-hidden">You’ve raised prices – now what?: Raconteur speaks to Dr Xinrong Zhu about companies passing rising costs onto consumers</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2025-02-03T10:02:14+00:00" title="Monday, February 3, 2025 - 10:02" class="datetime">Mon, 03/02/2025 - 10:02</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=fpzWLX3H 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=MHiLX1QO 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=n_-E35yT 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=V0OhKLa8 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=fpzWLX3H 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=MHiLX1QO 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=n_-E35yT 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=V0OhKLa8 1x"></source><img loading="eager" width="960" height="576" alt="Xinrong Zhu" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=fpzWLX3H" /></picture></div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2025-01-28T12:00:00Z" class="datetime">28 January 2025</time></div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> <div class="field__item"><a href="/business-school/category/key-topics/strategy" hreflang="en">Strategy</a></div> </div> <div class="c-social-share-widget "> <h3>Share</h3> <div class="c-social-share-widget__links"> <a href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" target="_blank" aria-label="Share on Facebook"> <img src="/business-school/modules/composer/social_media/icons/facebook_share.svg" alt="Facebook" /></a> <a href="https://www.linkedin.com/sharing/share-offsite?url=/business-school/taxonomy/term/1366/feed&amp;title=&amp;source=/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Linkedin"> <img src="/business-school/modules/composer/social_media/icons/linkedin.svg" alt="Linkedin" /></a> <a href="https://twitter.com/intent/tweet?url=/business-school/taxonomy/term/1366/feed&amp;status=+/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Twitter"> <img src="/business-school/themes/custom/icbs/images/twitter-black.svg" alt="Twitter" /></a> <a href="mailto:?subject=&amp;body=Check out this site /business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Email"> <img src="/business-school/modules/composer/social_media/icons/email.svg" alt="Email" /></a> </div> </div> Mon, 03 Feb 2025 10:02:14 +0000 Evie Burrows-Taylor 7026 at /business-school Top business school articles for ý 2025 /business-school/ib-knowledge/strategy-leadership/top-business-school-articles-ý-2025/ <h1 class="field title-huge field--name-title field--type-string field--label-hidden"> Top business school articles for ý 2025</h1> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2025-01-29T15:14:32+00:00" title="Wednesday, January 29, 2025 - 15:14" class="datetime">Wed, 29/01/2025 - 15:14</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.webp?h=a5da7f2e&itok=umuK8jlK 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.webp?h=a5da7f2e&itok=ywGWMrnB 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.webp?h=a5da7f2e&itok=KpFWYS5A 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.webp?h=a5da7f2e&itok=Y4aqkYea 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.jpg?h=a5da7f2e&itok=umuK8jlK 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.jpg?h=a5da7f2e&itok=ywGWMrnB 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.jpg?h=a5da7f2e&itok=KpFWYS5A 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.jpg?h=a5da7f2e&itok=Y4aqkYea 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2019-05/Mixed-group-of-ý-at-outdoor-table%20%281%29.jpg?h=a5da7f2e&itok=umuK8jlK" aria-hidden="true" /></picture></div> <div class="field field--name-content-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-footer-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="blogs-listing"><a href="/business-school/ib-knowledge/" class="blogs-listing__link">More from IB Knowledge</a> </article></div> </div> </section></div> </div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2025-01-30T12:00:00Z" class="datetime">30 January 2025</time></div> <section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>We've compiled 10 of the most-read articles published by Imperial Business School over the last 12 months. They cover a range of topics we know you will be interested in, from whether consumers really care about sustainability and how you can use humour to your advantage in a professional setting to carbon markets and effective marketing. </p> <p>Whether you want to learn more about the effect AI is having on the job market, or whether carbon markets really work, you will find practical tips and vital context right here. </p> <p><a href="/business-school/ib-knowledge/entrepreneurship-innovation/monica-ares-educations-digital-revolution/"><strong>Education's digital revolution</strong></a></p> <p>Given the pace and extent of technological development over the past few decades, it is surprising that education has remained a largely static, standardised experience. This is a situation Monica Arés, Executive Director of Imperial Business School’s IDEA Lab, is determined to change.</p> <p><strong><a href="/business-school/ib-knowledge/marketing/do-consumers-really-care-about-sustainability/">Do consumers really care about sustainability?</a></strong></p> <p>As the world experiences a severe climate and biodiversity crisis, consumers indicate they care about sustainability – nevertheless they often fail to act on these principles. Professor Eduardo Andrade looks into whether consumers really think about the environmental impact of products, and what policymakers can do to encourage us all to make more eco-friendly choices. </p> <p><a href="/business-school/ib-knowledge/entrepreneurship-innovation/humourbragging-using-humour-success-business/"><strong>Using humour for success in business</strong></a></p> <p>Whether interviewing for a new job or seeking funding as an entrepreneur, it can be tricky to balance the need to promote your personal accomplishments without appearing arrogant. Dr Jieun Pai reveals how self-enhancing humour, or "humourbragging", can be used to ace your interview or pitch. </p> <p><a href="/business-school/ib-knowledge/marketing/how-create-more-effective-marketing-strategies-data/"><strong>Creating more effective marketing strategies with data</strong></a></p> <p>Professor Stephan Seiler explores the availability of pre-purchase data and how it's changing our ability to observe the "consumer journey". From the virtual stores and review sites people are visiting, to the products they browse from the comfort of their own homes, new insights highlight opportunities for its future use as the quality of data improves.</p> <p><a href="/business-school/ib-knowledge/health/obesity-how-can-governments-best-combat-rising-rates/"><strong>Combatting rising rates of obesity</strong></a></p> <p>Professor Franco Sassi, Director of Imperial Business School's Centre for Health Economics & Policy Innovation, investigates whether authorities could draw on the success of the UK’s tax on sweetened drinks, and rethink consumption taxes across all foods to encourage people towards healthier diets.</p> <p><a href="/business-school/ib-knowledge/technology/how-ai-affecting-freelance-jobs/"><strong>How is AI affecting freelance jobs?</strong></a></p> <p>The rise of new generative AI tools such as Chat GPT has been swiftly followed by a substantial fall in demand for freelancers. Dr Xinrong Zhu investigates which industries generative AI is reshaping, the winners and losers of the automation of expertise, and what impact this will have on livelihoods and economies. </p> <p><a href="/business-school/ib-knowledge/finance-strategy-leadership/do-carbon-markets-work/"><strong>Do carbon markets work?</strong></a></p> <p>Ever since the EU created its market-based carbon policy, governments and businesses have been keen to see an impact. But analysing how effective policies can be on a noisy economic and global stage is complex. Here, Dr Mirabelle Muûls examines what we know, so far, about its effects. </p> <p><strong><a href="/business-school/ib-knowledge/technology/how-data-can-boost-charity-fundraising/">Boosting charity fundraising</a></strong></p> <p>Fundraising is an expensive and time-consuming business for charities: potential donors are unlikely to respond to digital appeals, yet mail and phone campaigns can be costly and inefficient. There is a better way, say Dr Sven Mikolon and Professor Wolfram Wiesemann, who have used data analytics and AI to provide insights into how charities and nonprofit organisations can raise cash – with marked success.  </p> <p><a href="/business-school/ib-knowledge/strategy-leadership/the-art-effective-conversation/"><strong>The art of effective conversation</strong></a></p> <p>Nearly every human activity involves conversation, whether spoken or written – and, in the workplace in particular, the stakes can be high. To know if a conversation is going well, people first need to be aware of their goals, but this is rarely the case. Research by Dr Michael Yeomans sets out a new framework that helps classify the different goals people might pursue in conversation, and how to use it to your advantage.</p> <p><strong><a href="/business-school/ib-knowledge/health-marketing/social-media-anxiety-what-doctors-can-do-help/">What doctors can do to help social media-driven anxiety</a></strong></p> <p>Increasingly, people are aware of the link between social media use and anxiety, which the World Health Organisation identifies as the most common type of mental disorder worldwide. An interdisciplinary team from Imperial has developed a new framework that addresses how primary healthcare can play a key role in solving this growing health crisis. </p> </div> </div> </div> </div> </div> </section><div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/artificial-intelligence" hreflang="en">Artificial Intelligence</a></div> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/careers" hreflang="en">Careers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/centre-climate-finance-and-investment" hreflang="en">Centre for Climate Finance and Investment</a></div> <div class="field__item"><a href="/business-school/category/key-topics/climate-change" hreflang="en">Climate Change</a></div> <div class="field__item"><a href="/business-school/category/key-topics/climate-finance" hreflang="en">Climate Finance</a></div> <div class="field__item"><a href="/business-school/category/key-topics/competition" hreflang="en">Competition</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/data" hreflang="en">Data</a></div> <div class="field__item"><a href="/business-school/category/key-topics/digital-transformation" hreflang="en">Digital Transformation</a></div> <div class="field__item"><a href="/business-school/category/key-topics/economy" hreflang="en">Economy</a></div> <div class="field__item"><a href="/business-school/category/key-topics/education-and-learning" hreflang="en">Education and Learning</a></div> <div class="field__item"><a href="/business-school/category/key-topics/entrepreneurship" hreflang="en">Entrepreneurship</a></div> <div 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field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-12-09T09:50:11+00:00" title="Monday, December 9, 2024 - 09:50" class="datetime">Mon, 09/12/2024 - 09:50</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=rSyuzqWo 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=4SvKCDhR 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=91U8UBkm 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=Do6krTE6 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=rSyuzqWo 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=4SvKCDhR 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=91U8UBkm 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=Do6krTE6 1x"></source><img loading="eager" width="960" height="576" alt="Sankalp Chaturvedi" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=rSyuzqWo" /></picture></div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-11-29T12:00:00Z" class="datetime">29 November 2024</time></div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/leadership" hreflang="en">Leadership</a></div> </div> <div class="c-social-share-widget "> <h3>Share</h3> <div class="c-social-share-widget__links"> <a href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" target="_blank" aria-label="Share on Facebook"> <img src="/business-school/modules/composer/social_media/icons/facebook_share.svg" alt="Facebook" /></a> <a href="https://www.linkedin.com/sharing/share-offsite?url=/business-school/taxonomy/term/1366/feed&amp;title=&amp;source=/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Linkedin"> <img src="/business-school/modules/composer/social_media/icons/linkedin.svg" alt="Linkedin" /></a> <a 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field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=M22G7uJ0 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=-QED-J6O 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=pfCeu9JS 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=TdCcJZ1c 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=M22G7uJ0 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=-QED-J6O 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=pfCeu9JS 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=TdCcJZ1c 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=M22G7uJ0" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Mushegh Harutyunyan</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-11-04T11:05:22+00:00" title="Monday, November 4, 2024 - 11:05" class="datetime">Mon, 04/11/2024 - 11:05</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-11-04T12:00:00Z" class="datetime">4 November 2024</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h3>The benefits of being first to market are well known. But new research from Imperial Business School shows that, in certain cases, biding your time could increase your profits. </h3> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Conventional wisdom <strong>warns against being late to market</strong>: a product that launches after its rivals risks losing potential customers and ceding market share to competitors. </p> <p>And yet, we see some brands aren’t keen to rush to market, despite leaked reports and industry rumours suggesting their products are ready to go. Apple for instance didn’t release its smartwatch until 2015, later than predicted, and a year behind Samsung’s smartwatch. </p> <p>These delays <strong>aren’t new</strong>. Back in the mid-1990s, Sony decided to wait four months to release its PlayStation in the US after Sega launched its Saturn gaming console – although Sony’s machine had already launched in some countries.</p> <p>So, why delay? In the past, researchers have suggested that companies are making <strong>last minute improvements</strong> to their product or <strong>assessing an uncertain market</strong> – but consumer technology markets are fairly stable and enjoy healthy demand.</p> <h4>Staggered product release </h4> <p>Our work suggests that deliberate delays in launching can benefit both the early bird and the latecomer. We’ve created a mathematical model to compare two notional firms with shelf-ready products competing in the same market – and the results are surprising. </p> <p>When a product is launched, some consumers will buy it immediately, but others will wait, safe in the knowledge that their favourite brand will launch a similar model down the line. And if two rival products aren’t competing simultaneously for the same group of consumers, this means they <strong>don’t need to compete on price so aggressively</strong>. Staggered product release dates mean both the early bird and latecomer can charge a premium for their products – it’s a win-win scenario (although not for the consumer). </p> <blockquote> <p>Persuading consumers that this is a product worth waiting for is key</p> </blockquote> <p>Even though a company may be missing out on customers, the higher prices it will charge due to diminished competitive pressure can more than make up for the lower sales, our model shows. We wanted to know if this theory held water across brands with different profiles. Would high-quality brands still benefit from a later launch than their lesser-known or lower quality rivals?</p> <p>If the difference in quality and reputation between two companies is extreme, we found, both are better off releasing their products early. Delaying entry would <strong>significantly harm the low-quality brand</strong> because few consumers would be willing to wait. For the high-quality firm, given its huge advantage, the marginal benefit from delaying is again slim.  </p> <p>But for brands with a less pronounced difference in quality, <strong>the higher quality brand may have more incentives to delay the product launch</strong>. This is because consumers are more likely to wait for a higher quality brand than a low-quality one. The high-quality brand doesn’t lose too many customers by delaying, but gains substantially due to less intense price competition.</p> <h4>Know your market </h4> <p>To exploit these insights to their advantage, companies need to know their markets inside out – particularly if they want to time and price their products for maximum profits. They <strong>need to know whether their consumers are loyal</strong>, and they need to understand where their brand sits beside rivals in terms of differentiation: late product release can be profitable only when there is enough differentiation to convince some consumers to wait for the product. And they must gauge the size of the market and keep on top of consumer numbers.</p> <p>We’ve found that the latest time to enter a market with a similar product is <strong>before roughly a third of consumers intend to buy an item</strong> in the product category – if they wait longer, businesses may lose out. There are tools and analyses available that can equip strategists to estimate the size of a market, and judge whether it will pay to delay the launch of a new product.  </p> <h4>Communicate with your customers</h4> <p>And if a brand decides to delay the launch rather than rush to market, then it should <strong>make it a priority to communicate clearly to consumers</strong> that its own product is on its way, and what makes it superior.</p> <p>Persuading consumers that this is a product worth waiting for is key. Here, companies can use <strong>marketing tactics</strong> such as releasing early samples for influencers, holding special events, working with media to highlight features that make this product stand out and flagging the release date. </p> <blockquote> <p>Companies need to know their markets inside out – particularly if they want to time and price their products for maximum profits</p> </blockquote> <p>While our findings highlight the strategic benefits of delaying product launches, several questions merit <strong>further investigation</strong>:</p> <ul><li>How do varying market conditions, such as rapid technological changes or evolving consumer preferences, affect the success of staggered releases?</li> <li>What role do marketing strategies play in maintaining consumer interest during these delays?</li> <li>How does the growing prevalence of second-hand markets influence the dynamics of new product launches and pricing strategies?</li> </ul><p>Understanding these complexities will help companies refine their strategies to remain competitive. </p> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>This article draws on findings from "<a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3552405">Don’t Hurry, Be Happy! The Bright Side of Late Product Release</a>" by Mushegh Harutyunyan (ý) and Chakravarthi Narasimhan (Washington University in St. Louis).</em></p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/competition" hreflang="en">Competition</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> </div> <div class="field field--name-sidebar-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>Main image: z_wei/iStock via Getty Images Plus</em></p> </div> </div> </div> </div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from Imperial Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--featured-content paragraph--view-mode--default paragraph--margin"> <article class="c-featured-content"><h2> <a href="/business-school/ib-knowledge/marketing/do-consumers-really-care-about-sustainability/"> Do consumers really care about sustainability? </a> </h2> <a class="c-featured-content__media" href="/business-school/ib-knowledge/marketing/do-consumers-really-care-about-sustainability/" tabindex="-1" title="Thumbnail for Do consumers really care about sustainability?"> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=baiPFNPZ 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=WoIcei3a 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=baiPFNPZ 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=WoIcei3a 1x"></source><img loading="lazy" width="480" height="288" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/large/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?itok=_kpo2UWs" aria-hidden="true" /></picture></div> </a> <div class="text-formatted "> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Consumers may care about sustainability in theory, but how much does it impact their spending habits? And what can policymakers do to encourage us all to make more eco-friendly choices? </p> </div> </div> </div> <a href="/business-school/ib-knowledge/marketing/do-consumers-really-care-about-sustainability/" rel="bookmark" aria-label="Read more about Do consumers really care about sustainability?" class="link "> Read more </a> </article></div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6909" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/marketing/" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> Mon, 04 Nov 2024 11:05:22 +0000 Mushegh Harutyunyan 6909 at /business-school How to create more effective marketing strategies with data /business-school/ib-knowledge/marketing/how-create-more-effective-marketing-strategies-data/ <span class="field field--name-title field--type-string field--label-hidden">How to create more effective marketing strategies with data</span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=HMCaR83n 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=9gdu8OrW 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=awcRRhXA 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=Gjo0YrT2 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=HMCaR83n 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=9gdu8OrW 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=awcRRhXA 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=Gjo0YrT2 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=HMCaR83n" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Stephan Seiler</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-06-13T11:05:22+00:00" title="Thursday, June 13, 2024 - 11:05" class="datetime">Thu, 13/06/2024 - 11:05</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-06-14T12:00:00Z" class="datetime">14 June 2024</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h3>For a long time, academics and marketers have struggled to directly observe the consumer's "journey". But all that's changing, thanks to the availability of pre-purchase data. </h3> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Our understanding of pre-purchase behaviour changed almost overnight with the advent of the internet and the growth of online retailing. Since then, the search processes of consumers have become increasingly observable, from the virtual stores and review sites they visit to the products they browse, all in seconds from the comfort of their own homes.</p> <p>Search data can even drill down into the detail of the clicks they made and the length of time they spent in making their purchase decision. This has opened the door to a <strong>far better understanding of consumer behaviour</strong> and targeted marketing strategies based on this data.</p> <p>Our research takes stock of how pre-purchase data has been used  by academics and marketers and highlights opportunities for its future use as the quality of data improves.</p> <h4>Why data matters</h4> <p>There are two important areas of marketing decision-making where search data is particularly useful. Firstly, it tells us a lot more about a consumer’s preferences than just observing the purchase. <strong>Most consumers compare at least a few products</strong> before making their decision and search data allows us to see specific pairings which are clearly viewed as similar products.</p> <p>It also allows us to see the key product features that assume the most importance in the purchase decision and other aspects of the process, for example the outlets customers considered and to what extent price or other factors played a part. Search engine data can even show us when consumers visited review sites to aid their decision-making. This is important information for recommendation systems or pricing decisions.</p> <blockquote> <p>We expect data quality in offline retail to increase soon, allowing managers and researchers to study offline pre-purchase behaviour</p> </blockquote> <p>Secondly, the new data on search behaviour confirms that <strong>consumers search very few products before making a purchase, typically only two or three</strong>. This not only allows firms to shape which products consumers discover through marketing activity such as product rankings online or preferential shelf placement in a physical store, but it makes this activity crucial in bringing relevant products to a consumer's attention.</p> <p>If consumers do less research before their purchase, product visibility assumes greater significance; if a firm's product isn't seen quickly, it may not be seen at all. This type of data allows marketers to put their products in front of those consumers most likely to buy them, and establishes how strongly individual marketing actions impact search behaviour, as well as purchases.</p> <p>More recently, <strong>regulators have also taken an interest in such data and analysis</strong> because they worry that retailers will display their own products more prominently on their webpage. Pre-purchase data, and information on how consumers react to changes in product rankings, can show us how detrimental this type of retailer behaviour is to consumers.</p> <h4>Tracking consumer behaviour in physical stores</h4> <p>Off-line retailing presents more of a problem as it's far more challenging to track a customer's search and purchase journey through what could be a number of physical stores, reviewing comparable products, then checking their requirements are met, before making a final purchase. <strong>In the future, stores might be able to track consumers using their cell phones</strong>, but this does not yet provide accurate enough location data to see the route customers took through a store, where they stopped to browse products or which products caught their attention.</p> <blockquote> <p>If consumers do less research before their purchase, product visibility assumes greater significance</p> </blockquote> <p>Eye-tracking technology (both on- and off-line) can also provide important data for marketers, but this can only be done in a research environment where the customer is fully aware that their behaviour is being analysed, which in turn can skew results. However, we expect data quality in offline retail to increase soon, allowing managers and researchers to <strong>study offline pre-purchase behaviour</strong> in an equally comprehensive way as is currently possible online. </p> <p>Pre-purchase behaviour has already become a <strong>key tool in the retailer's armoury</strong> and an important factor in building an effective marketing strategy. In the online world it's likely that this will become even more sophisticated as technology continues to evolve and the proportion of customers shopping online increases.</p> <p>The same is true in the off-line world, as the tracking data on mobile phones improves – although it will always lag behind. Perhaps those retailers – supermarkets in particular – that straddle both worlds will benefit the most.</p> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>This article draws on findings from "<a href="https://www.sciencedirect.com/science/article/pii/S0022435924000034?via%3Dihub">Consumer search: What can we learn from pre-purchase data?</a>", by Elisabeth Honka (UCLA), Stephan Seiler (ý) and Raluca Ursu (NYU Stern).</em></p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/data" hreflang="en">Data</a></div> <div class="field__item"><a href="/business-school/category/key-topics/digital-transformation" hreflang="en">Digital Transformation</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> </div> <div class="field field--name-sidebar-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Main image: akindo/DigitalVision Vectors via Getty Images.</p> </div> </div> </div> </div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from Imperial Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--featured-content paragraph--view-mode--default paragraph--margin"> <article class="c-featured-content"><h2> <a href="/business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/"> Toxic customers and how to handle them </a> </h2> <a class="c-featured-content__media" href="/business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/" tabindex="-1" title="Thumbnail for Toxic customers and how to handle them"> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=z37Vbn0_ 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=vnY4vy5q 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=z37Vbn0_ 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=vnY4vy5q 1x"></source><img loading="lazy" width="480" height="384" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/large/public/2023-10/GettyImages-1511712017-2.jpg?itok=O_BjDJnw" aria-hidden="true" /></picture></div> </a> <div class="text-formatted "> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Slighted customers can do a disproportionate amount of damage to a business – particularly in the age of social media. So, what's the best way to respond to negative reviews?</p> </div> </div> </div> <a href="/business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/" rel="bookmark" aria-label="Read more about Toxic customers and how to handle them" class="link "> Read more </a> </article></div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6762" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/marketing/" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> Thu, 13 Jun 2024 11:05:22 +0000 Stephan Seiler 6762 at /business-school "Lessons from the Bud Light boycott": Harvard Business Review covers research by Dr Xinrong Zhu /business-school/news/lessons-the-bud-light-boycott-harvard-business-review-covers-research-dr-xinrong-zhu/ <span class="field field--name-title field--type-string field--label-hidden">"Lessons from the Bud Light boycott": Harvard Business Review covers research by Dr Xinrong Zhu</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-03-26T14:53:42+00:00" title="Tuesday, March 26, 2024 - 14:53" class="datetime">Tue, 26/03/2024 - 14:53</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=fpzWLX3H 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=MHiLX1QO 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=n_-E35yT 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=V0OhKLa8 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=fpzWLX3H 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=MHiLX1QO 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=n_-E35yT 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=V0OhKLa8 1x"></source><img loading="eager" width="960" height="576" alt="Xinrong Zhu" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=fpzWLX3H" /></picture></div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-03-20T12:00:00Z" class="datetime">20 March 2024</time></div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> </div> <div class="c-social-share-widget "> <h3>Share</h3> <div class="c-social-share-widget__links"> <a href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" 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26 Mar 2024 14:53:42 +0000 Evie Burrows-Taylor 6686 at /business-school Top business school articles for ý 2024 /business-school/ib-knowledge/strategy-leadership/top-business-school-articles-ý-2024/ <span class="field field--name-title field--type-string field--label-hidden">Top business school articles for ý 2024 </span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2019-07/mba%20chat%20to%20our%20ý.webp?h=b3e28b34&itok=-CKG7blF 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2019-07/mba%20chat%20to%20our%20ý.webp?h=b3e28b34&itok=rQOlkfUs 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2019-07/mba%20chat%20to%20our%20ý.webp?h=b3e28b34&itok=UAj0kpAx 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2019-07/mba%20chat%20to%20our%20ý.webp?h=b3e28b34&itok=rb7b6DWh 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2019-07/mba%20chat%20to%20our%20ý.jpg?h=b3e28b34&itok=-CKG7blF 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2019-07/mba%20chat%20to%20our%20ý.jpg?h=b3e28b34&itok=rQOlkfUs 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2019-07/mba%20chat%20to%20our%20ý.jpg?h=b3e28b34&itok=UAj0kpAx 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2019-07/mba%20chat%20to%20our%20ý.jpg?h=b3e28b34&itok=rb7b6DWh 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2019-07/mba%20chat%20to%20our%20ý.jpg?h=b3e28b34&itok=-CKG7blF" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Michael Mills</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-01-03T14:45:41+00:00" title="Wednesday, January 3, 2024 - 14:45" class="datetime">Wed, 03/01/2024 - 14:45</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-01-08T12:00:00Z" class="datetime">8 January 2024</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h2>From the soft skills that are needed in the age of AI to the surprising advantages of imitation, we present 10 of the most-read articles from the last 12 months on IB Knowledge</h2> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>If you are looking for topical insight in 2024, you are in luck. We have compiled 10 of the most-read articles published by Imperial Business School over the last 12 months. They cover a range of topics we know you will be interested in, from Japanese philosophy and AI to social mobility and EDI. </p> <p>Whether you want to learn more about how Chinese firms are redefining management, or the political appeal of Donald Trump, you will find practical tips and vital context right here. </p> <p><a href="/business-school/ib-knowledge/management/neuroticism-deprivation-and-racial-bias-trumps-unique-authoritarian-appeal"><strong>1. What is Donald Trump’s appeal? </strong></a></p> <p>With Donald Trump almost certain to secure the Republican nomination for this year’s US presidential election, it is a good moment to look at what makes him so appealing to such a large swathe of the American public. Dr Sanaz Talaifar explains that what unites so many of his voters is a feeling they have something to lose. </p> <p><strong><a href="/business-school/ib-knowledge/strategy-leadership/leading-edi-through-education-challenges-systemically-changing">2. Opportunity is not equal unless individuals are given what they need to succeed</a> </strong></p> <p>Tackling discrimination in business and society requires us to change the ways we deal with "difference" in education, from the day a child enters primary school to the day they complete their postgraduate degree. Professor Sankalp Chaturvedi, Associate Dean of EDI, identifies some of the challenges and gaps in the current system. </p> <p><a href="/business-school/ib-knowledge/health/post-brexit-medicine-approvals-what-we-know"><strong>3. The UK still relies heavily on the EU when it comes to medicine approvals</strong></a> </p> <p>Dr Matthias Hofer, a research associate at the Centre for Health Economics & Policy Innovation, reveals the challenges and opportunities the UK faces in approving medicines in the post-Brexit era, as well as the impact of innovation schemes and international partnerships.  </p> <p><a href="/business-school/ib-knowledge/health/how-parental-unemployment-impacts-childrens-health-the-long-run"><strong>4. Parental unemployment can have a lasting effect on children’s health</strong></a> </p> <p>Parental joblessness, especially of fathers, increases the risk of long-standing illness, mental ill-health, poverty, and lower educational attainment for children later in life. Dr Mario Martínez-Jiménez explains how these effects come about and how they vary depending on the child’s age. </p> <p><a href="/business-school/ib-knowledge/strategy-leadership/imitation-the-new-key-business-success"><strong>5. Imitation is the new key to business success </strong></a></p> <p>In the business world, as elsewhere in life, copying is frowned upon. Yet, in some cases, it has been responsible for inspiring business leaders, creating new markets and, most surprisingly, driving innovation. Dr Jan-Michael Ross challenges some common misconceptions and provides examples of successful imitators in different industries. </p> <p><strong><a href="/business-school/ib-knowledge/strategy-leadership/why-leaders-need-soft-skills-the-age-ai">6. Why leaders need soft skills in the age of AI </a></strong></p> <p>The classical economical view of the individual is that we are all rational and self-interested actors. We are not, of course, and Dr Cláudia Custódio explains why. She also looks at the limitations of such simple ideas about people in an increasingly complex business world – and how skills traditionally valued in leaders might become redundant as more tasks are automated. </p> <p><a href="/business-school/ib-knowledge/finance/what-india-can-teach-us-about-social-mobility"><strong>7. India has a lot to teach us about social mobility </strong></a></p> <p>Upward mobility in India has not changed despite economic growth, and there are large gaps between different castes, communities and religions. Dr Sam Asher highlights the importance of understanding how local factors, such as neighbourhoods and public services, affect the outcomes of disadvantaged children. </p> <p><strong><a href="/business-school/ib-knowledge/strategy-leadership/how-adapt-your-business-crisis">8. How to adapt your business in a crisis </a></strong></p> <p>In times of hardship, companies tend to respond by downsizing their operations. But instead, they should be taking stock and considering opportunities for innovation, so they can emerge stronger during the recovery. Dr Jan-Michael Ross explains how decisions made during a downturn may have their biggest impact just as it looks like you should be in recovery. </p> <p><a href="/business-school/ib-knowledge/management/how-agile-chinese-firms-are-defining-new-era-management"><strong>9. The Chinese firms redefining management </strong></a></p> <p>Chinese companies are reinventing management in the digital age. Emeritus Professor George Yip and his co-authors explain how these firms’ innovative approach is enabling employees to organise themselves around business opportunities without direct managerial intervention.  </p> <p><a href="/business-school/ib-knowledge/strategy-leadership/what-japanese-philosophy-can-teach-us-about-finding-purpose-in-the-workplace"><strong>10. How to find purpose and meaning in your work</strong></a> </p> <p>The Japanese philosophy of <em>ikigai </em>(which translates as “your reason for being”) is often discussed in terms of personal development, but here Frank Brueck explains how it can help you and your organisation achieve a balance between passion, skills, impact and market needs. He also explains how it can help you attract and retain a new generation of talent. </p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/artificial-intelligence" hreflang="en">Artificial Intelligence</a></div> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/brexit" hreflang="en">Brexit</a></div> <div class="field__item"><a href="/business-school/category/key-topics/careers" hreflang="en">Careers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/competition" hreflang="en">Competition</a></div> <div class="field__item"><a href="/business-school/category/key-topics/covid-19" hreflang="en">COVID-19</a></div> <div class="field__item"><a href="/business-school/category/key-topics/culture-and-inclusion" hreflang="en">Culture and Inclusion</a></div> <div class="field__item"><a href="/business-school/category/key-topics/digital-transformation" hreflang="en">Digital Transformation</a></div> <div class="field__item"><a href="/business-school/category/key-topics/economy" hreflang="en">Economy</a></div> <div class="field__item"><a href="/business-school/category/key-topics/entrepreneurship" hreflang="en">Entrepreneurship</a></div> <div class="field__item"><a href="/business-school/category/key-topics/health" hreflang="en">Health</a></div> <div class="field__item"><a href="/business-school/category/key-topics/imitation" hreflang="en">Imitation</a></div> <div class="field__item"><a href="/business-school/category/key-topics/inequality" hreflang="en">Inequality</a></div> <div class="field__item"><a href="/business-school/category/key-topics/innovation" hreflang="en">Innovation</a></div> <div class="field__item"><a href="/business-school/category/key-topics/jobs-and-labour" hreflang="en">Jobs and Labour</a></div> <div class="field__item"><a href="/business-school/category/key-topics/leadership" hreflang="en">Leadership</a></div> <div class="field__item"><a href="/business-school/category/key-topics/management" hreflang="en">Management</a></div> <div class="field__item"><a href="/business-school/category/key-topics/politics" hreflang="en">Politics</a></div> <div class="field__item"><a href="/business-school/category/key-topics/startups" hreflang="en">Startups</a></div> <div class="field__item"><a href="/business-school/category/key-topics/strategy" hreflang="en">Strategy</a></div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest articles from Imperial Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6580" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/strategy-leadership" hreflang="en">Strategy & Leadership</a></div> </div> </div> Wed, 03 Jan 2024 14:45:41 +0000 Michael Mills 6580 at /business-school Toxic customers and how to handle them /business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/ <span class="field field--name-title field--type-string field--label-hidden">Toxic customers and how to handle them</span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=04rMJ6PL 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=dFcXbbSP 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=S3ZmK6IZ 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=oKdkCjQx 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=04rMJ6PL 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=dFcXbbSP 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=S3ZmK6IZ 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=oKdkCjQx 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=04rMJ6PL" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Barbara Duffek</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2023-10-09T08:26:43+00:00" title="Monday, October 9, 2023 - 08:26" class="datetime">Mon, 09/10/2023 - 08:26</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2023-10-09T12:00:00Z" class="datetime">9 October 2023</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h2>Slighted customers can severely damage a business – particularly in the age of social media. So, what's the best way to respond to negative reviews?</h2> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>When customers are driven to vent their fury, brands and businesses suffer. Five years ago, <a href="https://www.nytimes.com/2017/04/10/business/united-flight-passenger-dragged.html">United Airlines dragged a passenger from an overbooked flight</a> and the public outrage was so great the company had to pay dearly to repair its reputation.</p> <p>This situation turned toxic after extreme provocation, and it’s well known that disgruntled customers can cause damage when they direct their wrath at companies. In our research, we combine insights from <strong>marketing and psychology</strong> to determine why, and how, individuals are driven to wreak revenge – and how companies can best soothe or distract clients and avert a public relations disaster.</p> <p>If businesses can recognise a client’s mental state, and how far their frustration has developed, they’ll understand more precisely how to address a problem. Better still, <strong>they could succeed in pre-empting vindictive responses</strong>.</p> <h2>The angry customer</h2> <p>When something goes wrong, customers respond in different ways, depending on how serious the slight, how deeply they feel it and how often they’ve complained. Some just vote with their feet and their patronage may be lost forever, at a cost, since <strong>replacing lost customers can be more expensive than retaining them</strong>.</p> <p>Most customers who leave tend to do so without complaining directly to the firm, which may have no chance to rectify the problem, or even learn from it. These customers may also go on to cause a lot of damage through negative word of mouth. That’s why it’s important for companies to think proactively about how to deal with toxic customers.</p> <p>It's when customers go on to dwell on their bad experiences that real problems develop. Our research has analysed this process of rumination –  when customers repeatedly go over a bad experience in their minds – and how it might translate into aggression. And <strong>this must be understood in today’s age of social media</strong>.</p> <blockquote> <p>It’s well known that disgruntled customers can cause damage when they direct their wrath at companies</p> </blockquote> <p>Customers now are spoilt for choice in where they can vent loudly and publicly – from social networks to discussion boards – <strong>bad press is amplified and travels far</strong>. Research shows that if a negative comment receives more than 6,600 likes on social media, the ensuing storm becomes impossible to contain. Companies that nip a complaint in the bud after just seven likes have a good chance of extinguishing the fire.</p> <p>A corporate failure of some sort – a cancelled flight, a long wait in a restaurant, rude service, or perhaps an inadequate response to an initial complaint – can prompt individuals to stew on the slight, either focusing on the incident itself or how it made them feel. And the more deeply they think about it, the more likely they are to respond with aggression and seek revenge.</p> <p>Incidentally, if they focus more on how they feel rather than what happened, then they are more likely to complain constructively, with a view for example to improving service or warning other customers. Although this reaction can be just as damaging to a company as fury because it can still lead to negative posts.</p> <h2>Responding to toxic complaints</h2> <p>With this in mind, what should firms do? First, they must be aware that customers can turn toxic if their initial complaint is ignored or they receive an automated response. <strong>Customers like to be heard</strong>. An acknowledgement of their pain, a personally-worded apology and a refund or compensation can help right wrongs and deflect anger.</p> <p>Technology and trained staff can help flag the early signs of dissatisfaction by monitoring tweets, bad reviews and individual comments. Understanding whether a customer is revving up for a constructive complaint, or whether they are stewing over the event itself can determine the urgency and type of response required. When a customer turns toxic – dwelling intensely on whatever went wrong – then a company must respond by focusing on the root cause of the problem.</p> <p>Dealing promptly and individually with complaints can mitigate customer frustration and defuse aggression towards a brand. <strong>Companies should give a timely explanation of what went wrong</strong>, although blaming an individual employee certainly doesn’t work.</p> <h2>Pre-emptive action</h2> <p>But <strong>by the time a complaint goes public, the damage has more or less been done</strong>. Pre-emptive action can be more effective, and here, companies have a few tricks up their sleeve. For instance, companies can deploy the "blemishing effect", which involves sharing a small amount of negative information to boost positive perceptions of the product or brand. There's also "performance transparency", which involves sharing balanced and objective information to set expectations.</p> <p>Distraction can be a useful tool – for example, platforms such as Booking.com ask customers to rate various aspects of their experience before leaving a written review, diluting customer rage against a particular fault. Restaurants can deflect poor service by giving waiting customers perks such as free drinks and snacks. Companies can manage expectations – for example in the case of Ryanair, which doesn’t pretend to be anything other than "no frills".</p> <blockquote> <p>Companies that nip a complaint in the bud after just seven likes have a good chance of extinguishing the fire</p> </blockquote> <p>These insights reveal how the mental state of customers can determine their anger, but we need a better understanding of triggers and escalation – what circumstances and mental processes prompt frustrated customers to lash out.</p> <p>Despite the risks posed by toxic customers, <strong>company complaint procedures are often astonishingly inadequate</strong>. Culprits can make it difficult for customers to complain directly, and corporate responses are often too slow or automated. This may save time and money in the short term, but if frustration intensifies, it will cost businesses far more dearly in the longer term.</p> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>This article draws on research explored in "<a href="https://link.springer.com/article/10.1007/s13162-023-00257-3">Why so Toxic? A Framework for Exploring Customer Toxicity</a>" by ý's Barbara Duffek, Andreas B. Eisingerich and Omar Merlo</em><em>.</em></p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> </div> <div class="field field--name-sidebar-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><small>Main image: nadia_bormotova / iStock / Getty Images Plus via Getty Images.</small></p> </div> </div> </div> </div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from Imperial Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> <div class="field__item"> </div> <div class="field__item"> <div class="paragraph paragraph--featured-content paragraph--view-mode--default paragraph--margin"> <article class="c-featured-content"><h2> <a href="/business-school/ib-knowledge/marketing/lessons-leaders-successful-brands-have-multiple-personalities/"> Lessons for leaders: successful brands have multiple personalities </a> </h2> <a class="c-featured-content__media" href="/business-school/ib-knowledge/marketing/lessons-leaders-successful-brands-have-multiple-personalities/" tabindex="-1" title="Thumbnail for Lessons for leaders: successful brands have multiple personalities"> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=tEbzje7s 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=p_bF4iMH 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=tEbzje7s 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=p_bF4iMH 1x"></source><img loading="lazy" width="480" height="384" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/large/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?itok=kHs1gtxd" aria-hidden="true" /></picture></div> </a> <div class="text-formatted "> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Brand archetypes have been used to help companies connect with consumers for 20 years – and, when used correctly, they are still a vital tool for marketers.</p> </div> </div> </div> <a href="/business-school/ib-knowledge/marketing/lessons-leaders-successful-brands-have-multiple-personalities/" rel="bookmark" aria-label="Read more about Lessons for leaders: successful brands have multiple personalities" class="link "> Read more </a> </article></div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6483" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/marketing/" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> Mon, 09 Oct 2023 08:26:43 +0000 Barbara Duffek 6483 at /business-school "Better than the real thing?": The European publishes article by Dr Jan-Michael Ross on imitation /business-school/news/better-the-real-thing-the-european-publishes-article-dr-jan-michael-ross-imitation/ <span class="field field--name-title field--type-string field--label-hidden">"Better than the real thing?": The European publishes article by Dr Jan-Michael Ross on imitation</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2023-09-18T15:16:22+00:00" title="Monday, September 18, 2023 - 15:16" class="datetime">Mon, 18/09/2023 - 15:16</time></span> <div class="media--image field field--name-media 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type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.jpg?h=b03f540d&itok=kJVBmdi8 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.jpg?h=b03f540d&itok=-TOKYu7F" aria-hidden="true" /></picture></div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2023-07-30T12:00:00Z" class="datetime">30 July 2023</time></div> <div class="field field--name-key-themes field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/key-themes/entrepreneurship/" hreflang="en">Entrepreneurship</a></div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div 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