Saturday, April 21, 2012

4 Secrets of Great Critical Thinkers | Inc.com

4 Secrets of Great Critical Thinkers | Inc.com: "In 2009, J D Wetherspoon, a chain of more than 800 pubs in the UK, was facing declining sales. Demand for beer had been down for five years. In addition, pricing pressure from super market chains was intense, and higher alcohol taxes further squeezed its already tight margins.

What would you say is the company's real business problem?

Most people see it as a sales problem and recommend better marketing and promotion. But this reflex may be wrong. In Wetherspoon’s case, the company examined the problem more deeply, looked at data, and framed the situation from multiple angles. In the end, they found the real problem: A subtle but profound shift in consumer preferences.  As a result, the chain responded with much bolder actions, transforming all its pubs into family friendly cafes during day hours. "

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