Prøve GULL - Gratis
Can Friction Improve Your Customers' Experiences?
MIT Sloan Management Review
|Winter 2024
Many companies are on a quest to make online shopping as hassle-free as possible but slowing down the purchase process can boost buyer satisfaction and loyalty.
COMPANIES ARE ON A MISSION TO design purchase journeys that are as free of frustration and inconvenience as possible. “Friction kills the customer experience!” has become the conventional wisdom. This is thought to be particularly true when serving online shoppers, who are known to be less patient and have shorter attention spans; after all, competitor websites are but a few clicks away.
Most business leaders we know prioritize eliminating friction at the “moment of truth,” when displaying prices and taking payment, because beyond wanting to make life easier for eager customers, they fear giving customers reason to pause and reconsider their decisions. But as we will demonstrate, it is precisely in giving customers time to consider their purchase decisions when money is on the line that longer-term benefits and cost savings can accrue to the firm.
Friction and the Fickle Online Shopper
It’s easy to see why making shopping as seamless as possible is so urgent for e-commerce companies, when the average global cart abandonment rate for the last 12 months stood at a staggering 71.7% overall — 60.7% among people using desktop or laptop computers, 65.1% among those using tablets, and 77.4% for those using mobile phones.¹ This last figure is perhaps the most troubling, given that mobile shopping in the U.S. grew by more than $200 billion in three years to reach $431 billion in 2022.² According to the Baymard Institute, the average large e-commerce site could increase conversion by 35% by streamlining and simplifying the checkout process.³
Denne historien er fra Winter 2024-utgaven av MIT Sloan Management Review.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA MIT Sloan Management Review
MIT Sloan Management Review
Assess What Is Certain in a Sea of Unknowns
Understanding what won't change clarifies what might — and strengthens decision-making in volatile times.
13 mins
winter 2026
MIT Sloan Management Review
Ask Sanyin: Why Is It So Hard to Pull the Plug on a Project?
We're finding it difficult to wind down projects that no longer serve our priorities.
2 mins
winter 2026
MIT Sloan Management Review
Integrate Sustainability and Innovation to Find New Opportunities
Five common innovation practices can help leaders pursue sustainability as a growth strategy.
12 mins
winter 2026
MIT Sloan Management Review
The Case for Quiet Corporate Activism
Leaders concerned that they will be penalized for championing sustainability and diversity can still sustain their commitments.
11 mins
winter 2026
MIT Sloan Management Review
The Perils of Algorithmic Pricing
Some revenue management systems based on algorithms may lead to unintended collusion and antitrust violations.
9 mins
winter 2026
MIT Sloan Management Review
Broadening Future Perspectives at the Bank of England
Leaders at the U.K’s central bank sought to broaden their thinking about future risks and opportunities. Here’s how they built longer-term horizon-scanning capabilities and what they learned along the way.
9 mins
winter 2026
MIT Sloan Management Review
How Nesting Changes Platform Strategy
Should your platform host another platform — or be hosted by one? Here's how to think through the choices.
14 mins
winter 2026
MIT Sloan Management Review
Are You an Authentic Leader or an Authentic Jerk?
Leaders who are true to their values can inspire trust and respect, but not if \"being yourself\" becomes the problem.
13 mins
winter 2026
MIT Sloan Management Review
How to Make Scenario Planning Stick
Developing future scenarios can deepen leaders’ strategic insights. Establishing scenario planning as an ongoing capability and reaping its full benefits require linking it to other processes.
16 mins
winter 2026
MIT Sloan Management Review
A Faster Way to Build Future Scenarios
This streamlined approach to scenario planning incorporates AI and helps managers navigate future uncertainties more efficiently.
13 mins
winter 2026
Translate
Change font size
