Harnessing Consumer Inspiration in New Product & Service Development

This brief paper describes novel ways that imaginative companies are gaining competitive advantage by breaking the rules of engagement with consumers.


The conventional wisdom that โ€œconsumers canโ€™t innovateโ€ is being turned on its head. Having traditionally engaged consumers primarily to validate new product concepts some companies are now soliciting consumer insights and ideas to jump-start the โ€œfuzzy front endโ€ of the innovation process. From ethnography and idea competitions to co-development and blog mining, companies are experimenting with new techniques โ€“ or approaching their current methods in fresh ways.
 

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