The new market leaders know that the greatest constraint on today’s customers is time—more critical even than money. The broader choices, the constant stream of innovations, and the pace of contemporary life conspire to crowd people’s schedules. Whether you’re in the market for a CD player for home or a new supplier of components for your company, you don’t have time to evaluate every option, consider every shred of information, and explore every contingency—even though it would probably be useful to do so.
Time is a flexible commodity: We willingly spend more of it on some activities than on others. A busy manager for whom every minute counts will happily spend hours on thegolf course, but an easygoing person with time to chat will hang up angrily on a telemarketer who calls at dinnertime. ..more
