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A small business can use the understanding of cues and rewards in habit formation to foster growth by identifying the habits of their customers and employees. By understanding the cues that trigger certain behaviors and the rewards that reinforce them, businesses can modify or create routines that lead to desired outcomes. For example, if a business identifies that a discount offer (cue) leads to increased sales (reward), they can implement this as a routine strategy. Similarly, understanding employee habits can lead to improved productivity and efficiency.
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Using examples of how habits impact daily life and business, The Power of Habit explains why people do the things they do. With an understanding of ho...
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Just knowing how habits are built and strengthened makes them easier to control. By learning to be aware of the cues and the rewards that follow, it's possible to change the routines. Simply understanding how habits work makes them much easier to deal with. By learning to observe the cues and rewards, we can change the routines.
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