Learn how to tell great stories from Think School: communication.thethinkschool.com/yt Communication masterclass is an action-oriented pre-recorded 6 week course. We also have Live Q&A session every week to solve your doubts. To know more visit this link: communication.thethinkschool.com/yt
Incredible pricing strategy ...You always coming up with such insightful cases studies that make me deep dive into the topic immediately next day... Thankyou sir for this informative and useful strategy that I have never thought of...I will definitely purchase ur communication class...if such free youtube case studies are giving million dollar business lessons and if applied rightly will able to generate huge profit...I think ur communication class would be ultimate dhamaka this diwali ... Thankyou sir for this AMAZING DIWALI GIFT🎉🎉...I am very excited to interact with you during live sessions..🎉
How they cover there losses of decoy as no one will purchase that product and on if budget product is chosen then the profit from low margin products would same as cost decoy product just curious to know how this works???
@@ridhiagarwal8524 yes. Any top Bschool has case study pedagogy wherein you learn these things and also learn what mistakes a conpany made and what do you do differently if you were in their place.
I had appiled the same strategy while presenting thr candidates to my clients. I used to send the best candidates to my clients and they use to reject. One day i was so pissedoff because i knew I have given the best and i did not have a better candidate in the market, so I sent very average candidate who was readily available because i did not have a better choice. You know what the client compared the average guy with the best guy and choose the best guy. I realised that if we give 3 best it will confuse the client. from then I sent 1 average guy 1 poor guy and 1 best guy from that time I knew the result before the client would call me. Everything is experience. Your videos are so informative and motivating. Me being a new startup entrepreneur these content really means a lot. You are really inspirational and motivational.
Some day probably there will be a business which will apply all the best aspects of every company to its own also probably being a Think School viewer.
So true , Neither do I buy popcorns in a theatre And the example of decoy effect that we often use may not always amuse customers Ex - Popcorns and Apple products
The Case study was really awesome and informative. If you include some case studies with failures and the reasons behind them, it will contribute immensely to the learning insights of all of us.
I am consuming your content for a pretty long time now. Your insights and selection of content has enabled me to enter into the journey of an Ed Tech entrepreneur. I am highly thankful. With regards Barkat Ahmad
Now I have realised how broadband distributors use decoy effect n make me purchase some plans which I find beneficial but in reality doesn't add much difference for domestic use like higher mbs plans Amazing Psychological hacks 🙌 Well explained as always ❤️
You guys are doing wonderful a job! Being from the retail Industry, l realize how Ecommerce has affected the brick and mortar format quite a bit. Could you do a case study comparing how different companies retain customers via online and offline channels? I would gladly help you out on this if needed.
Ganesh bhaiyya/sir, I'm in 11th & have just started earning through part-time job, I'm not in condition of buying your course just now, but in coming 4-5 months I definitely will. I hope you will be their( in live sessions) to clear my doubt too.
You and your whole team ...just amazing. Research, examples, terms used to explain the business process... really helpful for people like us who have just basic knowledge of finance and business. Thanks a lot bro👍
Apple uses the Decoy Effect in its iPhones. It offers 4 phones in various sizes and keeps the price for the middle 2 phones somewhat the same, so that people buy the higher end because it offers more features. An amazing one.
I have been following IKEA for over 2 decades and I have never found the 'decoy' pricing methodology in practice in any part of the world. Also IKEA has been studying the Indian market for nearly a decade before committing itself to enter the Indian mkt. As an architect, we have learnt the hard way the decoy effect of proposing designs in a known gradation of quality. We deliberately show a bad/insufficient design along with a probable good design such the Client recognises shortfalls of the inadequate design and appreciates the fulfillment of the those deficiencies in the 'better' design - where the entire thing is orchestrated.
I'm not kidding, from last 3 days I've been watching your channel.... I mean damn.... high class production value + Genuine knowledge + Gripping storytelling. I'm here for the long haul brother 😎
@@pre_instar Then that's not the problem of Apple, then it will be problem created by Android OEMs. Apple always wanted to be only flagship (atleast in Performance). They used to release one phone per year. Since they wanted people who wanted an iPhone but don't want to spend more, they created SE.
Hi Sir , I absolutely love your business case studies and the knowledge that you share with us. I just have one recommendation regarding the videos. Would you mind reducing the stock videos just a bit!?I'm not asking to stop them all together.Just reduce them a bit. I liked how you used to converse more in your previous videos.
Hi Ganesh, you should create a catalogue of books on amazon with your affiliate link... I recently bought "Hooked" but couldn't find any affiliate link
Respected Sir, First of all I am highly thankful for providing us such kind of innovative case studies. Further, requesting you to make a video upon price research and price process. Thank you in advance. Regards
That is really true ... I bought one budget table for work "LAGKAPTEN / ADILS". Budget product & really serves the purpose with good quality. Now for buying any next furniture I will first check out the IKEA.
This is the same decoy effect used by many smartphone companies... I will say u one thing bro that keep rocking with ur lectures. I will always support u..
In the video about Toyota, you explained how Toyota faced competition and thrived through extreme circumstances using JIT(Just in time) strategy. But the same strategy backfired, when the coal industries in India used it during the pandemic, which in turn lead to coal shortage and there by electricity shortage. Can you do a video on that topic? BTW great video👏 Keep up the work.
That's because in Toyota, cashflow debut overheads were reduced with jit and thus more profits, but in coal, cashflows were stalled altogether so it went to credit mode. It's even more efficient if no one defaults, but in coal, everyone looks like they will default
It’s all common sense. Once you have enough capital to establish a business all these strategies will come out naturally. You make it sound like a rocket science🙂
No. Completely wrong. For every one success story, there are thousands of companies who secure enough capital but fail due to flawed business strategies.
@@augustus2722 No. Else, billion dollars' funded businesses wouldn't fail. Everything is common sense when you hear about it as a third person. But when money is ACTUALLY at stake, you don't have the tiniest idea what to do unless you have a really strong business acumen.
@@smallypimpy6407 please understand . I know there are many business challenges driven by so many factors . I am only commenting on the points mentioned in this video. I don’t think any decent business misses such basic concepts . This is just MBA , theoretical stuff. Real business challenges are not covered here
Loving video 💕, enjoying while watching and getting 👏👏information, wisely take cared tactic 🔥stretegy. Next to impossible not to be liked such kind of stuff and content of stretegy 💯💯💯
Hands down! U r very good an articulator sir.. Congrats 🎉 Make a Q&A video or a introduction video about urself and channel.. Then people will remember channel name as well as urs.. U got me into behavioral economics with just two videos.. Good one!
In the greed for more profits, do not misuse the Decoy Effect. In the free market, the customer is always one step away from leaving you forever. Rightly said. This should be known to all the entrepreneurs.
All the videos have been helpful to me and I’ve applied almost all the strategies in my business. If you even ask to pay for the watched videos, I can do that!
I don't know how to express my emotions but in simple words you changed my whole life Today just by explaining 1 topic so well, so I am very curious about how much potential you have, I really want to meet you personally and want to study under you 🥺, Please Help me do that 🙏🏻
Learn how to tell great stories from Think School: communication.thethinkschool.com/yt
Communication masterclass is an action-oriented pre-recorded 6 week course. We also have Live Q&A session every week to solve your doubts. To know more visit this link:
communication.thethinkschool.com/yt
Make next video on how to study for long hours... and dont get distracted..
Pls
Incredible pricing strategy ...You always coming up with such insightful cases studies that make me deep dive into the topic immediately next day... Thankyou sir for this informative and useful strategy that I have never thought of...I will definitely purchase ur communication class...if such free youtube case studies are giving million dollar business lessons and if applied rightly will able to generate huge profit...I think ur communication class would be ultimate dhamaka this diwali ... Thankyou sir for this AMAZING DIWALI GIFT🎉🎉...I am very excited to interact with you during live sessions..🎉
Your videos not only helps me to get knowledge but also improving my communication skills. Thank you!
It's expensive
How they cover there losses of decoy as no one will purchase that product and on if budget product is chosen then the profit from low margin products would same as cost decoy product just curious to know how this works???
When it comes to content and speaking skills the way think school puts it across is spectacular and amazing
can't agree more...much love from🇧🇩
Amazing video on an interesting subject. Your analysis and presentation is wonderful.
Like seriously putting up beautiful and attractive adjectives with zero content is spectacular for you......
LMAO😂😂😂😂😂
Yes agree ..... views too are not biased ...... Seem more research based
@@dhairyapatwa4948 stay mad
These case studies are way better than those MBAs. Sir also continue the series of tech giants companies.
True
Is this wat mba teaches?
@@ridhiagarwal8524 yes. Any top Bschool has case study pedagogy wherein you learn these things and also learn what mistakes a conpany made and what do you do differently if you were in their place.
@@gameranonymous35 my
@@vilhasdesai6907 your?
I had appiled the same strategy while presenting thr candidates to my clients. I used to send the best candidates to my clients and they use to reject. One day i was so pissedoff because i knew I have given the best and i did not have a better candidate in the market, so I sent very average candidate who was readily available because i did not have a better choice. You know what the client compared the average guy with the best guy and choose the best guy. I realised that if we give 3 best it will confuse the client. from then I sent 1 average guy 1 poor guy and 1 best guy from that time I knew the result before the client would call me. Everything is experience. Your videos are so informative and motivating. Me being a new startup entrepreneur these content really means a lot. You are really inspirational and motivational.
I'm a bba student and your content and case study helpful for me to enhance my skills 🤟♥️
You're doing bba in?
Some day probably there will be a business which will apply all the best aspects of every company to its own also probably being a Think School viewer.
*Think School student
You should write a book on all these business strategies you have researched. It will be an awesome book
The information wil be obselete
So true ,
Neither do I buy popcorns in a theatre
And the example of decoy effect that we often use may not always amuse customers
Ex - Popcorns and Apple products
& even McD French Fries too.
in my entire career I haven't liked any video without watching it fully
But Every video of THINK SCHOOL broken my rule
Think school deserves more. like me who thinks
The only channel for which appreciations don't stop!
I learnt the same pricing example in book named "Predictably Irrational" an amazing read.
The Case study was really awesome and informative.
If you include some case studies with failures and the reasons behind them, it will contribute immensely to the learning insights of all of us.
Thank you so much for showing insights on various case studies. 🌸
This channel will soar high like Himalayas. 🌸🌸
@Think school
Your content is so good...
Just can't stop watching !
2nd video on IKEA and it's worth it
Can't imagine how much effort has been put into the video.
Waiting for much more content like these.❤❤❤
when ganesh brother explained decoy effect ,i immediately hitted the like button, very easy explanation using simple examples
You are insanely brilliant. 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥I have no words to explain you and your channel.
This channel deserve subscribers in millions .... ❤️
you are making great videos, great edits, great content.
I'm going to write into my resume...
MBA from Think School!
I am consuming your content for a pretty long time now. Your insights and selection of content has enabled me to enter into the journey of an Ed Tech entrepreneur.
I am highly thankful.
With regards
Barkat Ahmad
All the best👍💯
Shut up
@@dhimankalita1690 😐
@@dhimankalita1690 avg anime tard🤡
@@infamousgarchomp2592 chup sale chapri ja bollywood Dekh
Now I have realised how broadband distributors use decoy effect n make me purchase some plans which I find beneficial but in reality doesn't add much difference for domestic use like higher mbs plans
Amazing Psychological hacks 🙌
Well explained as always ❤️
You guys are doing wonderful a job!
Being from the retail Industry, l realize how Ecommerce has affected the brick and mortar format quite a bit.
Could you do a case study comparing how different companies retain customers via online and offline channels?
I would gladly help you out on this if needed.
Are ya the daughter or rahul tripathay??
Me too . But you can shift to e commerce
Highly recommended for his communication course ❤️🙌
Thanks bhai ❤️
Perfect balance of content and knowledge. Thank you so much for sharing such complicated info in such simple terms. ❤️❤️
Ganesh bhaiyya/sir, I'm in 11th & have just started earning through part-time job, I'm not in condition of buying your course just now, but in coming 4-5 months I definitely will.
I hope you will be their( in live sessions) to clear my doubt too.
The greatest ecosystem is always created by learning the subject deeply....
Loved this video. Helped rethink pricing my offerings. Power to you!
I just love all your content. Thanks for working so hard for us😍
❤️❤️
Man what a video!! 🔥🔥❤️❤️..best channel on RUclips right now 🔥🔥
Can't go without liking the video, thanks bro.
Every time your video coming I learn somithing new in my life
You and your whole team ...just amazing. Research, examples, terms used to explain the business process... really helpful for people like us who have just basic knowledge of finance and business. Thanks a lot bro👍
ruclips.net/video/NgNjFgcHhgs/видео.html
Beauty of analysis and explanation put content directly into deep mind.. As usual you just cracked it. Thanks Think School.
Apple uses the Decoy Effect in its iPhones. It offers 4 phones in various sizes and keeps the price for the middle 2 phones somewhat the same, so that people buy the higher end because it offers more features. An amazing one.
Good presentation good audio quality.. nice editing lot and lots of clips and mix... thanks
You give so much value...which s unbelievable...I paid 90000 for a course....its teaching us nothing....u are giving so much for free.....God Bless
Every video showcases that psychology studying of consumers is key to most retail companies
At first instance - Subscribed - Thanks for Marvellous Presentation - also expecting on Indian FMCG Sector at the earliest🌷
The content of think school is ahead of the curve.
Instead of joining schools and college, It's good to join your youtube channel.
I have been following IKEA for over 2 decades and I have never found the 'decoy' pricing methodology in practice in any part of the world. Also IKEA has been studying the Indian market for nearly a decade before committing itself to enter the Indian mkt. As an architect, we have learnt the hard way the decoy effect of proposing designs in a known gradation of quality. We deliberately show a bad/insufficient design along with a probable good design such the Client recognises shortfalls of the inadequate design and appreciates the fulfillment of the those deficiencies in the 'better' design - where the entire thing is orchestrated.
I literally hit the like button within 30 sec of the video and i did not the regret it
I'm not kidding, from last 3 days I've been watching your channel....
I mean damn.... high class production value + Genuine knowledge + Gripping storytelling.
I'm here for the long haul brother 😎
❤️❤️ :)
@@ThinkSchool thanks bhaiya :)
I feel that Popcorn in that scenario is pretty close to Apple's products!
Actually Not.. So in that case.. Oneplus 9 series is same.. Samsung also does the same thing. They play in safe way. That's it😊
standard android- budget product
flagship android- decoy product
iPhone- premium product
@@comrade_rahul_1 hmm they are all moving towards Apple- even Google is shifting!
@@heckervarun Frankly speaking in Android, the top model feels to be decoy product- the flagships below the top are good
@@pre_instar Then that's not the problem of Apple, then it will be problem created by Android OEMs. Apple always wanted to be only flagship (atleast in Performance). They used to release one phone per year. Since they wanted people who wanted an iPhone but don't want to spend more, they created SE.
Really appreciate your hardwork bro. More power to you👍
Well done man this video has given idea for my business which was not growing thanks
You dont need youtube baba to be happy man you this is type of content is very rare and precious on this platform !!
Thanks! One of the sensible channel to follow. The topics definitely motivates to think deeper or think different or gather useful information.
Your voice + Background music 🎼 Best💥
*"It's OK to have your eggs in one basket as long as you control what happens to that basket." - Elon Musk*
Can you pls explain the essence?
@@manon2wheels771 if you own the company its ok
This Video will Pull your Golden Button with zero Friction 🔥
Love it ❤️
I'm Enrolling into Communication Masterclass See you at Live
Here i first time I saw you and i will gone to fall in love with your confidence and work . ❤️❤️ Thanks you
Hi Sir , I absolutely love your business case studies and the knowledge that you share with us. I just have one recommendation regarding the videos. Would you mind reducing the stock videos just a bit!?I'm not asking to stop them all together.Just reduce them a bit. I liked how you used to converse more in your previous videos.
Hi Ganesh, you should create a catalogue of books on amazon with your affiliate link... I recently bought "Hooked" but couldn't find any affiliate link
Mr. Prasad, your are a great teacher👏👏
Great fan of how you communicate the buisness ideas so effortlessly
Respected Sir,
First of all I am highly thankful for providing us such kind of innovative case studies.
Further, requesting you to make a video upon price research and price process.
Thank you in advance.
Regards
Well explained the Decoy theory effect.....good analysis too
This video explained the theme of video that mistakes people do n how they can b corrected
You are simply superb
You seem to be master in whatever you talk
Keep it up
That is really true ... I bought one budget table for work "LAGKAPTEN / ADILS". Budget product & really serves the purpose with good quality. Now for buying any next furniture I will first check out the IKEA.
Mannnn.. waiting for your 1 million subs ❤❤❤❤❤❤❤❤❤ such a valuable channel ❤😀😀😀
Best thing about IKEA is customer service. Easy to build furniture by our own, color theme matches across products. And also they are budget friendly.
This strategy actually works greatly , cause we used this strategy in our store for years
This is the same decoy effect used by many smartphone companies...
I will say u one thing bro that keep rocking with ur lectures. I will always support u..
You are the greatest knowledge giver In the RUclips community....
What an amazing analysis and communicating it back to the viewers. Great job buddy!
You blown my mind with this Decoy effect 🤯....Thanks alot man for your efforts and knowledge sharing 👌🏼...
Think school please make a video on rural marketing and consumer behaviour.!
The best channel in RUclips I have ever. Visited sir.
Thank you sir 🙏🙏.
I hit the like button before I even finish 10 secs of the video, no questions on content for sure.
Awesome Thank You For Sharing This
Well illustrated and facilitated learning.
Loved it ❤️
If anyone used this strategy it in their business or planning to use it ....share about it 💯 and we all can learn
Thank you for sharing decoy effect and making it so simple
things which were never covered in my MBA class, so iam getting Ideas from here, thanks & good luck bro
Case study always helps me to think differently 🙏👍
In the video about Toyota, you explained how Toyota faced competition and thrived through extreme circumstances using JIT(Just in time) strategy.
But the same strategy backfired, when the coal industries in India used it during the pandemic, which in turn lead to coal shortage and there by electricity shortage.
Can you do a video on that topic?
BTW great video👏
Keep up the work.
That's because in Toyota, cashflow debut overheads were reduced with jit and thus more profits, but in coal, cashflows were stalled altogether so it went to credit mode. It's even more efficient if no one defaults, but in coal, everyone looks like they will default
Best video on this channel
Very interesting insights - Pricing though intangible, can actually lead to multi fold tangible profits !! Thanks for sharing.
Very informative videos... keep it up...Ur explanations are very simple and understanding..
Boss your content are really awesome!!
This is the Topic I have known before and u explained it so nicely.
It’s all common sense. Once you have enough capital to establish a business all these strategies will come out naturally. You make it sound like a rocket science🙂
No. Completely wrong.
For every one success story, there are thousands of companies who secure enough capital but fail due to flawed business strategies.
I meant the business strategies mentioned in this video is all common sense
@@augustus2722 No. Else, billion dollars' funded businesses wouldn't fail.
Everything is common sense when you hear about it as a third person. But when money is ACTUALLY at stake, you don't have the tiniest idea what to do unless you have a really strong business acumen.
@@smallypimpy6407 please understand . I know there are many business challenges driven by so many factors . I am only commenting on the points mentioned in this video. I don’t think any decent business misses such basic concepts . This is just MBA , theoretical stuff. Real business challenges are not covered here
Thank you so much for this video !!
Thank you bro for uploading such amazing content and teaching us so many things.
The background music has something that makes ears kind of concentrated to it .
Loving video 💕, enjoying while watching and getting 👏👏information, wisely take cared tactic 🔥stretegy.
Next to impossible not to be liked such kind of stuff and content of stretegy 💯💯💯
The decoy effect clearly explained. Well done.
Thanks bro for the wonderful learning video
Hands down! U r very good an articulator sir.. Congrats 🎉
Make a Q&A video or a introduction video about urself and channel.. Then people will remember channel name as well as urs.. U got me into behavioral economics with just two videos.. Good one!
In the greed for more profits, do not misuse the Decoy Effect.
In the free market, the customer is always one step away from leaving you forever.
Rightly said.
This should be known to all the entrepreneurs.
First I like the video,then I will watch the video always.......
All the videos have been helpful to me and I’ve applied almost all the strategies in my business. If you even ask to pay for the watched videos, I can do that!
I don't know how to express my emotions but in simple words you changed my whole life Today just by explaining 1 topic so well, so I am very curious about how much potential you have, I really want to meet you personally and want to study under you 🥺, Please Help me do that 🙏🏻
Sir please try to make 3-4 videos per week...........its my humble request....
Your Case Studies are beautiful and in-depth. From where you get to learn the business strategies and case studies of companies.
Think school is not only a channel it's a brand