Based upon my own observations, as a beta test user of the original Dell IdeaStorm platform four years ago, I witnessed three primary benefits from customer co-creation activity -- new product or service concepts, existing product or service enhancement, and business process or marketing related suggestions. eMarketer reports that those three scenarios are still valid. Customers want to form meaningful relationships with a select few companies that they care most about. Given today's consumer culture of increased online participation, savvy business leaders are rising to the challenge, realizing that customer collaboration can be very rewarding. "Co-creation begins with focusing on customers," said Jeffrey Grau, eMarketer principal analyst. "Companies tend to take an inside-out approach to co-creation, but those that take an outside-in approach -- by listening to and observing customers -- are in a position to discover ways to create mutual value." Cus...
TMT Market Research Summaries and Analysis