My co-author and friend Tomi Ahonen gave me an article from the economist yesterday called
The future of innovation. The rise of the creative consumer
I read it and then to Tomi's astonishment did some energetic breakdance moves whilst saying "YEAH BABY, YEAH." Now why did I do that?
Because the article discusses how online communites are engaging with a whole raft of businesses to develop either physical of virtual products. And is of course another verification of the thesis contained within our book Communities Dominate Brands
Bell, an American bicycle-helmet maker, has collected hundreds of ideas for new products from its customers and it putting several of them into production. Electronic Arts, a maker of of computer games, ships programming tools to its customers, posts their modifications online and works their creations into new games. And so on. Not only is the customer king: now he is market-research head, R&D chief and product development manager, too.
It is common sense in many ways. As we believe at SMLXL that nobody is as clever as everybody. The article mentions a new book, "Democratising Innovation" in which the author Eric von Hippel argues that the rise of online communities, combined with the creation and wide access to powerful and easy- to-use design tools has powered this phenomenon into the maiinstream as never before.
Right back in history circa 1996 a game developer in LA first noticed how gamers were working on improving the game "Red Alert" themselves and then posting these on fan websites. The Economist reports that Westwood the game company decided to embrace this rather than try to ringfence it and shut it down. The result a very powerful ongoing R&D relationship between gamers and the company.
Today we are in a world where customers are demanding more and more and always different manifestations of value+
By engaging a community of passionate and loyal fans within an innovation process is essentially a win-win, and there is evidence that community led innovations have a far greater chance of success than the traditional process, which focus groups itself into mediocrity.
We have seen on a global scale how understanding a community and engaging that community is far more sensible and dare I say profitable than ignoring it.
Hey,
Visiting this blog is our real pleasure. Should like to thank admin for sharing such a useful information and starting this thread in addition to that we suggest traders not to panic when Nifty is in profit booking state. Investors and traders should understand that in volatile stock market conditions they should switch to swing trading.
Good Day
BUZZINGSTREET TEAM
Posted by: BUZZINGSTREET | December 09, 2010 at 09:34 AM
Hey,
Nice and useful blog. It’s a fact that in India NSE and BSE are most popular and very volatile stock exchanges with many listed shares in it. Again its true no matter how volatile Share market is still investors can mint good profit.
Now the question is how one can earn money via share market trading?
Answer to this is quite simple. We all know share market have many listed stocks and it’s a fact that everyday we have top gainers and top losers in stock market. If our stock timing and stock selection is right we can earn decent profit from stock market.
So again new question is How to select and time stocks?
No matter how good trader or investor you are still one has to rely on market research. Only technical and fundamental research helps, speculation is not worth and no one can earn regular profit by speculations.
Regards
SHARETIPSINFO TEAM
Posted by: sharetipsinfo | December 28, 2010 at 10:25 AM
羅津、パイオニア、男性は3場所は通年不凍港であり、両方が北朝鮮政府の経済と貿易港によって承認されたままです。
Posted by: ノースフェイス | February 17, 2012 at 02:56 AM
亘理町によると、荒浜地区の堤防沿いは町の集団移転の対象となる「移転促進区域」に含まれていない地域も多く、建築制限もかかっていない。このため流失を免れた自宅の修復を終えた住民もいる。
Posted by: グッチ | February 27, 2012 at 02:25 AM