Tag: Open sources

26Dec

How Co-Creation Impacted businesses

Co-Creation may is considered as a logical outcome of open innovation. It’s a strategy that emphasizes the generation and ongoing realization of mutual firm-customer value through new forms of interaction and reduce the gap between companies and customers. The Wikipedia writes that Co-creation is the practice of developing systems, products, or services through the collaborative execution of developers and stakeholders, businesses and clients, or managers and employees. Co-creation could be seen as creating great work by standing together with those for whom the project is intended.

Here is the way that C.K. Prahalad and V. Ramaswamy contrast firm- vs. customer-centric approaches in their book the Co-Creation Connection:

  •  The consumer is an integral part of the system for value creation;
  • The consumer can influence where, when, and how value is generated; 
  • The consumer need not respect industry boundaries in the search for value;
  • The consumer can compete with companies for value extraction; 
  • There are multiple points of exchange where the consumer and the company can co-create value.   

Read More »

31Dec

The Logic Of Open Business Models

Business try to open it up what they think it’s the best for them in order to gain cooperation and compete rapidly in this digital age, many companies have been thinking openness, and this is beginning to challenge conventional business wisdom and transform a number of important function including human resources, innovation, industry standards, and communication.

The quadrant developed by Steve Bosserman gives particular insight into the competitive dynamics that result from the drastic reduction in the cost of information reproduction and distribution, and why the maintenance of classic proprietary approaches is problematic in the long run.

 

Read More »

© 2010 - 2020 Ahmad Sufian Bayram Blog | Creative Commons (BY-SA 3.0) Some rights reserved