A note from Sary

The Trade-offs that are made in the development of new offerings are what give each option its unique identity. Here's an example from the apparel business: Old Navy, Banana Republic, and Gap are owned by the same company, Gap Inc. All three lines make the same types of clothing-shirts, pants, and so on- but offer different Trade-offs. Instead of attempting to make a single clothing line that's designed to appeal to everyone (which is impossible, since everyone wants something different), the company focused each line around a specific Trade-off.

Sary The Personal MBA, page 77 · October 10, 2023 Save to shelf
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