Markets of One
Creating Customer-unique Value Through Mass Customization
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Markets of One by James H. Gilmore
Book DescriptionWhat does it mean "to dell?" This newly coined business verb means to mass-customize, making products only in response to actual demand. This allows a product to "go direct" to a customer, and it's what Dell Computer does instead of forcing mass-produced computers on its customers. And Dell's not alone. As Editors Jim Gilmore and Joe Pine point out in their introduction to "Markets of One", mass customization is a trend that has caught on among consumer and business-to-business companies alike - think of Levi's jeans, Aramark's hospital services, Select Comfort mattresses, and Peapod or Streamline grocery delivery, to name a few.Companies customize their offerings to meet the unique needs of individual customers so that nearly everyone can obtain exactly what they want at a reasonable price. It's a paradigm shift away from the one-size-fits-all way managers have thought about markets over the past century- today, every individual customer is a market of one. This collection of ten "Harvard Business Review" articles chronicles the evolution of business competition from mass markets to markets of one - in other words, from creating standardized value through mass production to creating customer-unique value through mass customization.The book examines many of the resulting changes in approach to strategy and operations - for example, moving from pushing products to fulfilling individual needs, from focusing solely on market share to measuring customer share, and from marketing to the masses to cultivating learning relationships with each customer. "Markets of One" offers the best of the leading thinkers on the topic, exploring both the promise and pitfalls of mass customization. Practical applications are presented with examples of leading companies who successfully mass customize for markets of one. This is a Harvard Business Review book.
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Book DetailsISBN: 9781578512386
(243mm x 157mm x 25mm)
Imprint: Harvard Business Review Press
Publisher: Harvard Business Review Press
Publish Date: 1-Feb-2000
Country of Publication: United States
Books By Author James H. Gilmore
Experience Economy, Paperback (June 2011)
Offers examples including the US Army, Heineken Experience, Autostadt, Vinopolis, American Girl Place, and others to show approaches to scripting and staging compelling experiences, while staying true to the real economic conditions of the day.
Authenticity, Hardback (September 2007)» View all books by James H. Gilmore
How authentic is the experience? Is it what they expected? Why or why not? This book introduces the concept of perceived authenticity, or how a consumer experiences a product, service, environment, communication, or person. It provides some practical business advice and talking points for managers and marketers.
UK Kirkus Review » A collection of Harvard Business Review articles focusing on how successful companies mass customise their products to build their businesses. Contributors include Peter Drucker on the emerging theory of manufacturing, Regis McKenna on marketing in an age of diversity, Don Peppers and Martha Rogers on whether your company is ready for one-to-one marketing, George Stalk on breakaway growth, Carl Shapiro on versioning, and James Gilmore and Joseph Pine on the four faces of mass customisation. (Kirkus UK)
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Author Biography - James H. Gilmore
James Gilmore and Joe Pine are co-founders of Strategic Horizons LLP of Aurora, Ohio, and authors of The Experience Economy: Work Is Theatre & Every Business a Stage (HBS Press, 1999).
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