Understanding the Business Value of Intelligent Products for Product Development in Manufacturing Industries

Author(s):  
Manuel Holler ◽  
Falk Uebernickel ◽  
Walter Brenner
Author(s):  
Miia Kosonen ◽  
Hanna-Kaisa Ellonen

Despite the growing enthusiasm about social media’s revolutionary potential, there is a lack of research on the possible business-side benefits. The authors maintain that in order to realize social media’s business potential, it is essential to identify the roles in which customers can participate in value co-creation. This study explores consumer participation enabled by social interaction technologies in the context of the newspaper and magazine industry. A qualitative analysis of 31 interviews with the publishers of the leading Finnish newspapers and magazines was conducted. A typology of six different roles of online consumer participation was developed: namely, agent, commentator, tester, debater, content producer, and messenger. The more company-driven types of participation (agent, commentator, and tester) can be integrated with product development support and learning from customers, the more consumer-driven types (debater, content producer, and messenger) are able to provide brand support and options for value co-creation.


2019 ◽  
Vol 17 (10) ◽  
pp. 1645-1652
Author(s):  
Caroline Gobbo Sa Cavalcante ◽  
Diego Castro Fettermann

2013 ◽  
Vol 135 (03) ◽  
pp. 38-41 ◽  
Author(s):  
Jean Thilmany

This article discusses the application of product life-cycle management (PLM) concepts in all types of manufacturing industries. PLM can handle product complexity whether a company designs a few items with many parts or a number of products that need to be localized to many communities around the globe. Fashion-driven industries are using PLM systems in new, idiosyncratic ways, and that means that they cannot simply purchase and implement an existing system the way an engineering company can. In fashion, PLM is used to keep abreast of trends and consolidate designs and inspirations. A study shows that the retail and apparel industries aren’t nearly as focused on product development as engineering companies are. For engineers, PLM is a way to centralize and to focus on product development and innovation. In retail and apparel, PLM is used to manage the supply chain more than product development.


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