Saltar a navegação
Creating Digital Offerings Customers Will Buy
Article

Creating Digital Offerings Customers Will Buy

Find the sweet spot between what technologies can deliver and what your customers need.



Editorial Rating

8

getAbstract Rating

  • Applicable
  • Concrete Examples
  • Hot Topic

Recommendation

Digital innovation is critical for companies that want to thrive. Management must craft and implement strong development strategies. This expert analysis by Jeanne W. Ross, Cynthia M. Beath and Martin Mocker for MIT Sloan Management Review describes key characteristics to include in innovation plans to improve operations. The recommendations aren’t groundbreaking, but the article shines in its use of examples. Each recommendation comes with a real-world case study of a company that implemented the guidance successfully. This well-structured and useful read is suitable for any company pivoting toward digital. 

Summary

Innovating digitally is critical – but easier said than done. 

Digital advances including AI, biometrics, blockchain authentication and cloud computing offer benefits to companies and their customers – boosting speed, power and connectivity. However, leveraging these innovations into viable products presents challenges. Product development can be a long process entailing direct collaboration with consumers. Many companies aren’t designed to accommodate multifunctional teams and a repeated process of trial and error. Competition among companies is fierce, and innovation is a way to gain an edge.

Companies should pivot from long-term, investment-heavy “big idea” projects to lower-stakes, shorter-term digital ideas. 

It needn’t be so difficult to experiment. Software developers can quickly produce a basic prototype and gather consumer input to indicate whether to continue or discard a...

About the Authors

Jeanne W. Ross is principal research scientist for MIT’s Center for Information Systems Research. Cynthia M. Beath is emerita professor of information systems at the McCombs School of Business at the University of Texas at Austin. Martin Mocker is a research affiliate at MIT’s Center for Information Systems Research and a professor of information systems at ESB Business School at Reutlingen University in Reutlingen, Germany. 


Comment on this summary

More on this topic

Related Skills

Advance Your Career
Become More Adaptable
Build Your Startup
Career
Communicate Effectively
Develop Team Members
Develop the Organization
Consumer Goods Industry
Drive AI Transformation
Drive Digital Marketing
Enhance Customer Experience
Entrepreneurship
Execute Digital Operations
Executive Leadership
Foster Team Culture
Human Resources
Leadership
Leverage AI in Your Daily Tasks
Manage Learning and Development
Market Insights by Industry
Marketing
Personal Growth
Place Talent Strategically
Promote Diversity, Equity, and Inclusion
Shape Organizational Culture
Soft Skills
Sustainability
Understand Economics
Understand Innovation
Workplace Skills
Management
Promote Gender Inclusion
Integrate Customer Feedback
Organize for AI
Innovate Business Models
Leverage Employee Resource Groups
Understand Consumer Behavior
Succeed as an Entrepreneur
Strengthen Team Collaboration
Understand Creativity
Use AI for Generating Ideas
Build Team Cohesion
Cultivate Curiosity
Digitize Business Processes
Communicate Transparently
Apply Design Thinking
Lead Inclusively
Support Team Members’ Careers
Innovate Strategically
Build an Inclusive Culture
Innovation
Implement Agility
Promote Generational Inclusion
Generate Demand
Challenge Assumptions
Strategize Digital Transformation
Prototype and Test Ideas
Use AI for Prototyping
Build Digital Business Models
Digital Transformation
Build Digital Culture
Communicate Strategically
Consumer Goods Challenges
Identify Customer Needs
Promote a Learning Culture
Drive Sustainable Innovation
Manage Product Innovation
AI Transformation
Assess Digital Maturity
Production and Logistics
Support Internal Mobility
Behavioral Economics
Leverage Ambidexterity
Embrace Divergent Thinking
Drive Employee Engagement
Enhance Employee Experience
Enable Digital Organization
Foster Collaboration
Organize Innovation
Drive Product Development
Champion New Ideas
Develop Innovative Products
Encourage Experimentation
Leverage AI for Product Development
Apply Lean Startup
Create Product-Market Fit
Apply Open Innovation
Generate Ideas
Be Creative
Engage in Intrapreneurship
Collaborate Creatively
Facilitate Group Ideation
Promote Creativity
Foster a Culture of Innovation