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Choice architecture techniques: developing a comprehensive taxonomy to test applicability in business relationships
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Journal Article
Choice architecture techniques: developing a comprehensive taxonomy to test applicability in business relationships
2024
Overview
PurposeThis paper develops an evidence-based conceptual framework for exploring the applicability of choice architecture in business relationships.Design/methodology/approachEmpirical studies of choice architecture in various fields are systematically reviewed to identify choice architecture techniques; major resulting categories of techniques are then discussed for applicability to business relationship contexts, and avenues for research are outlined.FindingsManagerial decision-making is potentially influenced by changes to choice contexts that (1 provide additional information from outside the choice context, (2) facilitate a particular way of comparing options, (3) present options in new ways, (4) rework the choice set, e.g. by adding options and (5) create internal states that push toward a target choice.Originality/valueThe paper introduces the concept of choice architecture to business relationships. It develops a taxonomy of choice architecture techniques to guide the exploration of choice architecture effects in business relationships.
Publisher
Emerald Publishing Limited,Emerald Group Publishing Limited
Subject
