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New Rules for Bringing Innovations to Market

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It's tough to get consumers to adopt innovations--and it's getting tougher all the time. That's because more and more markets are taking on the characteristics of networks. The interconnections among today's companies are so plentiful that often a new product's adoption by one player depends on its systematic adoption by other players. The traditional levers executives use to launch products--such as targeting unique customer segments or developing compelling value propositions--don't work as well in this new environment. Instead, innovators must orchestrate a change of behaviors across the market so that a large number of players adopts their offerings and believes they are better off for having done so. In this article, Monitor Group's Bhaskar Chakravorti outlines a four-part framework for doing just that: Reason back from a target endgame, implementing only those strategies that maximize the chances of getting to goal; complement power players, positioning the innovation as an enhancement to products or services; offer coordinated switching incentives to three core groups: the players that add to the innovation's benefits, the players that act as channels to adopters, and the adopters themselves; and preserve flexibility in case the initial strategy fails.

【書誌情報】

ページ数:16ページ

サイズ:A4

商品番号:HBSP-R0403D

発行日:2004/3/1

登録日:2012/3/28

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