IES Management College And Research Centre

The Value of Marketing Crowdsourced New Products as Such: Evidence from Two Randomized Field Experiments (Record no. 48880)

MARC details
000 -LEADER
fixed length control field nam a22 4500
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20180115154612.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 180115b xxu||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Nishikawa, Hidehiko
9 (RLIN) 29174
245 ## - TITLE STATEMENT
Title The Value of Marketing Crowdsourced New Products as Such: Evidence from Two Randomized Field Experiments
300 ## - PHYSICAL DESCRIPTION
Extent 525-539. p.
520 ## - SUMMARY, ETC.
Summary, etc To complement their in-house, designer-driven efforts, companies are increasingly experimenting with crowdsourcing initiatives in which they invite their user communities to generate new product ideas. Although innovation scholars have begun to analyze the objective promise of crowdsourcing, the current research is unique in pointing out that merely marketing the source of design to customers might bring about an incremental increase in product sales. The findings from two randomized field experiments reveal that labeling crowdsourced new products as such—that is, marketing the product as “customer-ideated” at the point of purchase versus not mentioning the specific source of design—increased the product’s actual market performance by up to 20%. Two controlled follow-up studies reveal that the effect observed in two distinct consumer goods domains (food and electronics) can be attributed to a quality inference: consumers perceive “customer-ideated” products to be based on ideas that address their needs more effectively, and the corresponding design mode is considered superior in generating promising new products.
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term crowdsourcing
Uncontrolled term idea generation
Uncontrolled term user involvement
Uncontrolled term new products
Uncontrolled term customer-centric innovation
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Schreier, Martin
9 (RLIN) 29175
Personal name Fuchs, Christoph
9 (RLIN) 29176
Personal name Ogawa, Susumu
9 (RLIN) 29177
773 0# - HOST ITEM ENTRY
Host Biblionumber 29534
Host Itemnumber 66987
Main entry heading ERDEN, TULIN
Other item identifier 5557769
Title JOURNAL OF MARKETING RESEARCH
International Standard Serial Number 0022-2437
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Journal Article
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Total Checkouts Full call number Barcode Date last seen Price effective from
    Dewey Decimal Classification     Main Library Main Library 15/01/2018   Vol 74, No 4/ 5557769JA2 5557769JA2 15/01/2018 15/01/2018

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