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"Listening in" to Find and Explore New Combinations of Customer Needs

Urban, Glen L. - ; Hauser, John R. - ;

By "listening in" to ongoing dialogues between customers and Web-based virtual advisers (eg, Kelley Blue Book's Auto Choice Advisor), the authors identify new product opportunities based on new combinations of customer needs. The data are available at little incremental cost and provide the scale necessary for complex products (eg, 148 trucks and 129 customer needs in the authors' application). The authors describe and evaluate the methodologies with formal analysis, Monte Carlo simulation (calibrated on real data), and a "proof-of-concept" application in the pickup-truck category (more than 1000 Web-based respondents). The application identified opportunities for new truck platforms worth approximately $2.4 billion-$3.2 billion and $1 billion-$2 billion, respectively. Printed Journal


Ketersediaan

Call NumberLocationAvailable
JM6802PSB lt.dasar - Pascasarjana1
PenerbitChicago, IL: American Marketing Association 2004
EdisiVol. 68, No. 2, Apr., 2004
SubjekMonte carlo simulation
Market research
Online Information Services
Opportunity
studies
Trucks
ISBN/ISSN0022-2429
KlasifikasiNONE
Deskripsi Fisik16 p.
Info Detail SpesifikJournal of Marketing
Other Version/RelatedTidak tersedia versi lain
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  • "Listening in" to Find and Explore New Combinations of Customer Needs

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