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Value Co-Creation, The New Approach To Successful Product Innovation

by Working at SpyroTek Performance Solutions on Aug 06, 2011

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Innovation exists at the intersection of invention and value and the best approach to create value is a new technique called value Co-creation. Co-creation not only describes a trend of jointly ...

Innovation exists at the intersection of invention and value and the best approach to create value is a new technique called value Co-creation. Co-creation not only describes a trend of jointly creating products. It also describes a movement away from customers buying products and services as transactions, to those purchases being made as part of an experience. Value is co-created with customers when a customer is able to personalize his/her experience using a firm's product-service proposition to a level that is best suited to get his/her job(s) or tasks done. In this chapter of the Beyond Stage Gate series we describe to how use Co-creation to increase the probability of successful new product and service introductions and how it fits in the entire innovation management ecosystem. We present a case study of how iPad Apps for Augmentative and Alternative Communication (AAC) have disrupted the market for AAC devices.

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  • CFSolomon Global Product Management Talk at Global Product Management Talk This is a brilliant talk - and covers so much ground from inception of innovation to methodology and procedures to guarantee implementation. Its amazing and telling that Jobs takes no credit for creating a device that makes such a difference to 'special learners', although it is aligned with his goal - to create products that are easy to use (with the end user in mind). 2 years ago
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Value Co-Creation, The New Approach To Successful Product Innovation Value Co-Creation, The New Approach To Successful Product Innovation Presentation Transcript