Creating Value that Cannot Be Copied

One of the greatest challenges for the industrial marketing manager is to incorporate the “voice of the customer” into the design of new products and services. In this paper, we suggest a three-step approach to fine-tune the product and service offerings of the company. We illustrate how to use a co...

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Bibliographic Details
Published in:Industrial marketing management 2001-11, Vol.30 (8), p.627-636
Main Authors: van der Haar, Jeanke W., Kemp, Ron G.M., Omta, Onno
Format: Article
Language:English
Subjects:
Business to business commerce
Conjoint analysis
International
Marketing management
Multinational corporations
Office equipment industry
Studies
Value added
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Summary:One of the greatest challenges for the industrial marketing manager is to incorporate the “voice of the customer” into the design of new products and services. In this paper, we suggest a three-step approach to fine-tune the product and service offerings of the company. We illustrate how to use a conjoint analysis to bridge the information gap between the company and its customers—by confronting the value the company intends to offer with the value desired by its customers. The illustration is based on a case study in business-to-business marketing, conducted at a technology-based multinational company of office equipment. Different service offerings were presented to customers and prospects, as in a real-life purchasing situation. Based on the results, different types of newly designed services that increase the value for the customer could be developed.
ISSN:0019-8501
1873-2062
DOI:10.1016/S0019-8501(99)00128-5