Making a face: Graphical illustrations of managerial stances toward customer creativity
Colin L. Campbell,
Pierre R. Berthon,
Leyland F. Pitt,
Ian McCarthy and
Kirk Plangger
Australasian marketing journal, 2012, vol. 20, issue 1, 9-15
Abstract:
Creative consumers – consumers who adapt, modify or transform a proprietary offering – represent an intriguing paradox for business. On the one hand they can be a black hole for future revenue, with breach of copyright and intellectual property, while on the other hand they represent a gold mine of ideas and business opportunities. This problem is central to business – business needs to both create and capture value; the problem is that creative consumers demand a shift in the mindsets and business models of how firms both create and capture value. We develop a typology of firms’ stances to creative consumers based upon their attitude and action towards customer innovation. We then consider the implications of the stances model for corporate strategy, and examine a three-step approach to dealing with creative consumers, namely, awareness, analysis and response.
Keywords: Creative customers; Firm stance; Strategic response; Diagnostics (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:aumajo:v:20:y:2012:i:1:p:9-15
DOI: 10.1016/j.ausmj.2011.10.009
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