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A Risk-Benefit Perspective on Early Customer Integration: Contributions to Management Science

Autor Christoph Kausch
en Limba Engleză Paperback – 20 aug 2007
Customer integration in the early innovation phase has been considered the method of choice in theory and practice. Growing experience with the concept has shown unexpected side effects that may even outweigh its recognized advantages. Therefore, management needs to be able to assess in advance whether the involvement of customers will add overall value to each particular innovation project. To support but not to replace the final managerial decision, a mathematical formula is developed. It can be applied to all kinds of process structures, takes into account the risks and benefits contingent on a company's situation as well as risk-reducing and benefit-increasing measures and translates them into numerical values. The resulting figure indicates the prospective value of customer integration in a specific project.
 
 
 
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Specificații

ISBN-13: 9783790819618
ISBN-10: 3790819611
Pagini: 244
Ilustrații: XVI, 244 p.
Dimensiuni: 155 x 235 x 17 mm
Greutate: 0.4 kg
Ediția:2007
Editura: Physica-Verlag HD
Colecția Physica
Seria Contributions to Management Science

Locul publicării:Heidelberg, Germany

Public țintă

Research

Cuprins

Literature review of key issues.- Development of an analysis model for a risk-benefit balance.- Case studies on early customer integration.- Characteristics of successful early customer integration.- Managerial recommendations for advisable envisaged customer integration.- Conclusion.

Textul de pe ultima copertă

Customer integration in the early innovation phase has been considered the method of choice in theory and practice. Growing experience with the concept has shown unexpected side effects that may even outweigh its recognized advantages. Therefore, management needs to be able to assess in advance whether the involvement of customers will add overall value to each particular innovation project. To support but not to replace the final managerial decision, a mathematical formula is developed. It can be applied to all kinds of process structures, takes into account the risks and benefits contingent on a company's situation as well as risk-reducing and benefit-increasing measures and translates them into numerical values. The resulting figure indicates the prospective value of customer integration in a specific project.
 
 

Caracteristici

Includes supplementary material: sn.pub/extras