The Product of The Future

What will the product of the future be like – and how will it be different than today’s products? Generally, all products will become part virtual, part physical. They will be connected, reconfigurable and – hopefully – smart. Also, the business model for their manufacturers will be dramatically different.

2019-10-15T15:20:56-07:00August 21st, 2015|Categories: Strategies|Tags: , , , , , |

Market Mapping for Sustainable Growth

In this chapter excerpt from The Innovation Formula Langdon Morris explains how to use a map to help you locate your company in the market, to see clearly how it compares with the competition, and then to use this assessment to chart a future path toward success. The goal is to find the very best high reward, low-risk ideas that will change the market, amplify your profits, increase your relevance, and sustain your organization’s viability over the long term.

Global Platforms for Co-creating Hyper-Local Solutions

The products and services we use are developing in two seemingly opposite directions: We want customized and localized solution – but they should fit into a global network of services and brands. A business model to meet this paradox is to create global platforms that enable a large number of actors to create very local and personalized solutions.

The New Normal: From Product to Platforms and Processes

Platforms and processes, rather than products, will become the focus of new business creation as we move forward. The main characteristic of a handful of new trends in business – Collaborative consumption, Sharing, the Maker movement and the Circular economy – is that the value creation is less about adding some new feature to a product. Instead, the appeal of these models is that they can deliver more value for less by involving a number of stakeholders, including the users, in co-creating solutions.

Part 8: A Balanced View: Conclusions and Key Learnings

Whenever customers are not getting what they need, business opportunities are opened. When properly implemented, mass customization has the potential to provide a long lasting competitive advantage through better, more adapted products and services that can be sold at premium prices. This final article in the Customization500 series sums up the conclusions and key learnings.

2019-10-15T15:10:09-07:00May 28th, 2012|Categories: Enabling Factors|Tags: , |

Part 7: Overcoming the Challenges of Implementing Mass Customization

While compiling data for the Customization500 study over a period of 12 months, the researchers noticed that roughly 20% of the companies went out of business during this time. In part 7 of this series, we take a closer look at the reasons why both startups and established companies fail at implementing mass customization and in what areas managers can expect the strongest resistance.

2019-11-28T09:23:28-08:00May 21st, 2012|Categories: Enabling Factors|Tags: , |

Part 6: Choice Navigation in Reality: A closer look into the Customization500

The customer's experience and a feeling of achievement during the co-design process is vital to the success of a custom product. In part 3 of the Mass Customization Series, Dominik Walcher & Frank Piller explain why managers should look beyond the sheer technology and back office integration of configuration toolkits and also focus on delivering a great configuration experience.

Part 5: Choice Navigation: Turning Burden of Choice into an Experience

When providing a customizable product how can a firm minimize the burden of choice and maximize the customer joy resulting from the co-creation process? In part five in this series on mass customization Professor Frank Piller explains how to turn choice complexity into customer experience and loyalty.

Part 4: Robust Process Design: Fulfilling Individual Customer Needs without Compromising Performance

Offering customized products is a strain on a company's resources. What are the different ways that you can minimize the deterioration in the firm’s operations and supply chain? In part four in this series on mass customization, Frank Piller and Fabrizio Salvador explain the robust process design - whereby the firm reuses or re-combines existing organizational and value chain resources to fulfill differentiated customers’ needs.

2019-10-15T15:10:17-07:00April 30th, 2012|Categories: Enabling Factors|Tags: , , , |

Part 3: Solution Space Development: Understanding where Customers are Different

A company seeking to adopt mass customization must first understand what the idiosyncratic needs of its customers are. After this crucial step, the company may establish what it is going to offer and what it is not. In part three in this series on mass customization, Frank Piller and Fabrizio Salvador walk through some of the potential methods of solution space development.

2019-10-15T15:10:19-07:00April 23rd, 2012|Categories: Enabling Factors|Tags: , , , , , |

Part 2: The Market for Mass Customization Today

As NetNatives become consumers and buyers are "trained" by personalized offerings, the market is finally ripe for mass customization. In part two of this special series focusing on mass customization, Professors Frank Piller and Dominik Walcher take a closer look at what the current market has to offer and provide their conclusions after observing 500 leaders in the field from a customer perspective.

Part 1: Competing in the Age of Mass Customization

The concept of "the customer is always right" is taking on a whole new meaning as the the ability to manage personalized products is starting to determine whether your company can keep up with the competition. In part one of this series, Frank Piller, a leading expert on mass customization, personalization and open innovation, discusses the goals, scope and core capabilities of mass customization.

Special Series of Articles on Mass Customization from Frank Piller

The idea that consumers can customize their own products on a massive scale is having a tremendous impact on customer experience and expectations as well as the way organizations approach R&D. Following an extensive study of mass customization in the domain of consumer goods, this upcoming series of articles provides an overview on mass customization, its strategic capabilities, and the success factors that drive its implementation in business.

2019-10-15T15:10:23-07:00April 2nd, 2012|Categories: Enabling Factors, Open Innovation|Tags: , , |

Customized Careers – a lattice replacing the traditional ladder

We think of careers like ladders, don’t we? And when careers do not go straight up the ladder, we do not see them as (good) careers. But if you are in the business of providing talent this is a tradition that may need to be replaced by innovation. Replacing the traditional ladder with a lattice has led to significant improvements according to Cathy Benko, chief talent officer for Deloitte.

Learning from Practicing Mass Customization and Open Innovation

Emotions, empathy, connection, love, storytelling, self-care – I am referring what I heard about the consumer. Creative revolution, democratization, social innovation, experience, passion – I am referring to what I heard about innovation.