Innovation / Product: 1. What is the current economic impact (or market size) of the technology? 2. What is the predominant business model? (How does the customer pay for the service?) 3. What were the success factors? (prototype -> product -> market)
Innovation / Product: 1. What is the current economic impact (or market size) of the technology? 2. What is the predominant business model? (How does the customer pay for the service?) 3. What were the success factors? (prototype -> product -> market)
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
Related questions
Question
100%
![We are Taking the Technology from Private
Sector Company. A Supply Chain Management
Technology Software ( Valproc ) Which is
Designed and implemented for Managing the
entire B2B Business of the company.
This software was first implemented in company
called Brookfield Properties who manages the
facilities business of its client. In first attempt of
implementation it was not 100% Operational
there were many aspects which cannot be
covered under software usage. There was a
mixture of software as well as manual record
keeping.
The Owner of the software decided to customize
the software as per the requirement of the client
- a complete due diligence of the existing
process is done and software is adjusted as per
requirement of the client and the software was
able to support 100% process of the operations.
The strategic decision of adjusting the software
as per requirement of the client was a major
decision to be taken. Now the software is
capable of adjusting to any other client
requirement and it can used used for
implementation of any other B2B Business.
This change of doing the customization has
resulted in increase business for the company.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fda546d-3ae8-4205-b4e5-1cc2c32d5bdd%2Fb5d77f15-ae0b-4fc1-8175-cf80274cf95f%2Fylwedlc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:We are Taking the Technology from Private
Sector Company. A Supply Chain Management
Technology Software ( Valproc ) Which is
Designed and implemented for Managing the
entire B2B Business of the company.
This software was first implemented in company
called Brookfield Properties who manages the
facilities business of its client. In first attempt of
implementation it was not 100% Operational
there were many aspects which cannot be
covered under software usage. There was a
mixture of software as well as manual record
keeping.
The Owner of the software decided to customize
the software as per the requirement of the client
- a complete due diligence of the existing
process is done and software is adjusted as per
requirement of the client and the software was
able to support 100% process of the operations.
The strategic decision of adjusting the software
as per requirement of the client was a major
decision to be taken. Now the software is
capable of adjusting to any other client
requirement and it can used used for
implementation of any other B2B Business.
This change of doing the customization has
resulted in increase business for the company.
![Innovation / Product:
1. What is the current economic impact (or market size) of
the technology?
2. What is the predominant business model? (How does the
customer pay for the service?)
3. What were the success factors? (prototype -> product ->
market)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fda546d-3ae8-4205-b4e5-1cc2c32d5bdd%2Fb5d77f15-ae0b-4fc1-8175-cf80274cf95f%2Fu8dgcw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Innovation / Product:
1. What is the current economic impact (or market size) of
the technology?
2. What is the predominant business model? (How does the
customer pay for the service?)
3. What were the success factors? (prototype -> product ->
market)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Principles Of Marketing](https://www.bartleby.com/isbn_cover_images/9780134492513/9780134492513_smallCoverImage.gif)
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
![Marketing](https://www.bartleby.com/isbn_cover_images/9781259924040/9781259924040_smallCoverImage.gif)
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
![Foundations of Business (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337386920/9781337386920_smallCoverImage.gif)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
![Principles Of Marketing](https://www.bartleby.com/isbn_cover_images/9780134492513/9780134492513_smallCoverImage.gif)
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
![Marketing](https://www.bartleby.com/isbn_cover_images/9781259924040/9781259924040_smallCoverImage.gif)
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
![Foundations of Business (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337386920/9781337386920_smallCoverImage.gif)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
![Marketing: An Introduction (13th Edition)](https://www.bartleby.com/isbn_cover_images/9780134149530/9780134149530_smallCoverImage.gif)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
![MKTG 12:STUDENT ED.-TEXT](https://www.bartleby.com/isbn_cover_images/9781337407595/9781337407595_smallCoverImage.gif)
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning