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Choice architecture techniques: developing a comprehensive taxonomy to test applicability in business relationships.

Authors :
Münscher, Robert
Source :
Management Decision; 2024, Vol. 62 Issue 11, p3383-3403, 21p
Publication Year :
2024

Abstract

Purpose: This paper develops an evidence-based conceptual framework for exploring the applicability of choice architecture in business relationships. Design/methodology/approach: Empirical 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. Findings: Managerial 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/value: The 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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00251747
Volume :
62
Issue :
11
Database :
Complementary Index
Journal :
Management Decision
Publication Type :
Academic Journal
Accession number :
181518390
Full Text :
https://doi.org/10.1108/MD-06-2023-1091