3 ms·
That perceived quality difference of aspirational brands is caused by a halo effect. Functional differentiation is severely limited and inferior to competing on
by lowdose 6y ago
That perceived quality difference of aspirational brands is caused by a halo effect. Functional differentiation is severely limited and inferior to competing on a sense of shared purpose which lifts brands above the competition within product category. Nike, Tesla, Starbucks all do this.
https://en.m.wikipedia.org/wiki/Halo_effect https://en.m.wikipedia.org/wiki/Halo_effect