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Today's consumers are more knowledgeable, networked, and vocal.
For them consumption is not merely an act of buying products and
services, but an expression of their creative potential.
Consequently, they are demanding a say and a voice in how companies
conceive, develop, and deliver value to them. It is not surprising,
therefore, to hear that a large number of companies are
transforming how they innovate-not only in terms of developing new
products and services, but in how they are created, delivered, and
supported to customers. Open Innovation thinking, where companies
collaborate with suppliers, distributors, and customers to
co-create unique value, is fast replacing traditional thinking that
viewed innovation as a proprietary activity and marketing as a
static, one-way broadcast. However, while there is significant
advocacy and buy-in for collaborating with customers, there is
little guidance for companies on how to undertake the journey from
applause and appreciation to execution. Only reading about others'
success stories - Nike, Hallmark, P&G, Mozilla, etc. - is not
sufficient for helping a company develop a blueprint for
themselves. In Customer Driven Innovation, strategy and branding
consultant Gaurav Bhalla presents a concrete framework to help
companies systematically and effectively design and implement
collaborative innovation programs with their customers that can be
applied in both business-to-business and business-to-consumer
contexts. The authors describe how today's technologies allow
companies to create dynamic dialogues with their customers through
shared networks, virtual marketing techniques, and blogs to develop
deeper relationships that reinforce brand loyalty and ultimately
drive growth. They challenge traditional approaches to market
research that measure "customer satisfaction" from a rear-window
perspective, and help companies and their customers look forward
instead.P>
Today's consumers are more knowledgeable, networked, and vocal. For
them consumption is not merely an act of buying products and
services, but an expression of their creative potential.
Consequently, they are demanding a say and a voice in how companies
conceive, develop, and deliver value to them. It is not surprising,
therefore, to hear that a large number of companies are
transforming how they innovate-not only in terms of developing new
products and services, but in how they are created, delivered, and
supported to customers. Open Innovation thinking, where companies
collaborate with suppliers, distributors, and customers to
co-create unique value, is fast replacing traditional thinking that
viewed innovation as a proprietary activity and marketing as a
static, one-way broadcast. However, while there is significant
advocacy and buy-in for collaborating with customers, there is
little guidance for companies on how to undertake the journey from
applause and appreciation to execution. Only reading about others'
success stories - Nike, Hallmark, P&G, Mozilla, etc. - is not
sufficient for helping a company develop a blueprint for
themselves. In Customer Driven Innovation, strategy and branding
consultant Gaurav Bhalla presents a concrete framework to help
companies systematically and effectively design and implement
collaborative innovation programs with their customers that can be
applied in both business-to-business and business-to-consumer
contexts. The authors describe how today's technologies allow
companies to create dynamic dialogues with their customers through
shared networks, virtual marketing techniques, and blogs to develop
deeper relationships that reinforce brand loyalty and ultimately
drive growth. They challenge traditional approaches to market
research that measure "customer satisfaction" from a rear-window
perspective, and help companies and their customers look forward
instead.P>
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