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Search - How Hits Happen : Forecasting Predictability in a Chaotic Marketplace

How Hits Happen Forecasting Predictability in a Chaotic Marketplace
Author: Winslow Farrell

What makes a hit a hit? How does a movie like Titanic captivate the publics eye--and break box office records worldwide? What set Hootie & the Blowfish apart from countless other bands struggling to make it big--enabling them to sell more than 13 million copies of their debut album? What forces thrust Tickle Me Elmo to the top of every c... more »hild's Christmas list last year, creating a feeding frenzy and waiting lists several months long? Just how do hits happen? Managers and marketing gurus alike have struggled to find the answers for years. Using outdated strategies and theories, they make foggy predictions based on past performance. Yet no matter how much research and marketing money you pour into a product, the biggest hits always seem to come out of the blue. But do they really? In How Hits Happen, Winslow Farrell, partner in the Emergent Solutions Group at Cooper & Lybrand, offers a breakthrough approach to uncovering the hidden patterns behind hits. Applying complexity theory--the science that examines the interactions of various factors in complex systems--to modern business problems. How Hits Happen reveals how the actions of synthetic customers shed light on consumer behavior in the natural world. These computer-generated "consumers" embody quirks and contradictions, motivations and behaviors that uncannily resemble our own. They shop, go to movies, listen to music, and form cliques--in turn making or breaking the virtual products they're confronted with. Motivated by popularity, product placement, advertising, and simple preferences, their purchases are a powerful predictor of the next giant hit...or the next huge flop. How Hits Happen turns the findings of this technology into a practical, accessible guide to consumer behavior for businesspeople everywhere, from marketing managers to management consultants, strategic planners to small-business owners. Fascinating, compelling, and truly revolutionary, it reveals invaluable lessons for managers in any real-life industry. Advanced Praise for How Hits Happen"A mind-bending exploration of the nonlinear dynamics of fads, fashions, and high-tech markets. If you are contemplating creating new markets in this world of increasing return economics, read this provocative book."

--John Seely Brown, Chief Scientist, Xerox Corporation, and Director, Xerox Palo Alto Research Center"How Hits Happen is a lively and eminently practical condensation of the complexity sciences and their implications for product and marketing innovation. Farrell dispels old myths and delivers a wealth of new ideas that will forever change the way you think about how hits happen."

--Paul Saffo, Director, Institute for the Future"Since everyone wants a hit, this knowledgeable primer on applying the new sciences of complexity could become pretty popular. I hope so--not because the world needs more subtly engineered hits, but because complex adaptive systems are where and how we live, and understanding helps."

--Stewart Brand, Director, Global Business Network"[How Hits Happen] is clear and readable. It is entertaining. And it is the best book I have seen yet on what the new ideas of complexity theory have to do with the concerns of business."

--W. Brain Arthur, Santa Fe Institute

ISBN-13: 9780887309076
ISBN-10: 0887309070
Publication Date: 7/1/1998
Pages: 256
Edition: 1st ed
Rating:

Currently 4/5 Stars.

4 stars, based on 2 ratings

Publisher: Collins
Book Type: Hardcover
Other Versions: Paperback
Reviews: Amazon | Write a Review

Genres:

Business & Money >> General
Business & Money >> Management & Leadership >> Planning & Forecasting
Business & Money >> Marketing & Sales >> Advertising
Business & Money >> Marketing & Sales >> Marketing >> General
Business & Money >> Marketing & Sales >> Marketing >> Research

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