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  <title>Monetizing innovation  :</title>
  <subTitle>how smart companies design the product around the price</subTitle>
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  <namePart>Ramanujam, Madhavan</namePart>
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  <namePart>Tacke, Georg</namePart>
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   <publisher>John Wiley &amp; Sons</publisher>
   <dateIssued>2016</dateIssued>
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 <note>&lt;b&gt;Surprising rules for successful monetization&lt;/b&gt;&lt;br&gt; Innovation is &#13;
the most important driver of growth. Today, more than ever, companies &#13;
need to innovate to survive. But successful innovation--measured in &#13;
dollars and cents--is a very hard target to hit.  &lt;br&gt; Companies obsess &#13;
over being creative and innovative and spend significant time and &#13;
expense in designing and building products, yet struggle to monetize &#13;
them: 72% of innovations fail to meet their financial targets--or fail &#13;
entirely. Many companies have come to accept that a high failure rate, &#13;
and the billions of dollars lost annually, is just the cost of doing &#13;
business.&lt;br&gt; &lt;b&gt;Monetizing Innovations argues that this is tragic, wasteful, and wrong.&lt;/b&gt;&lt;br&gt;&#13;
 Radically improving the odds that your innovation will succeed is just a&#13;
 matter of removing the guesswork. That happens when you put customer &#13;
demand and willingness to pay in the driver seat--when you design the &#13;
product around the price. It's a new paradigm, and that opens the door &#13;
to true game change: You can stop hoping to monetize, and start knowing &#13;
that you will.&lt;br&gt; The authors at Simon Kucher know what they're talking&#13;
 about. As the world's premier pricing and monetization consulting &#13;
services company, with 800 professionals in 30 cities around the globe, &#13;
they have helped clients ranging from massive pharmaceuticals to &#13;
fast-growing startups find success. In Monetizing Innovation, they &#13;
distil the lessons of thirty years and over 10,000 projects into a &#13;
practical, nine-step approach. Whether you are a CEO, executive &#13;
leadership, or part of the team responsible for innovation and new &#13;
product development, this book is for you, with special sections and &#13;
checklist-driven summaries to make monetizing innovation part of your &#13;
company's DNA. Illustrative case studies show how some of the world's &#13;
best innovative companies like LinkedIn, Uber, Porsche, Optimizely, &#13;
Draeger, Swarovski and big pharmaceutical companies have used principles&#13;
 outlined in this book.&lt;br&gt; A direct challenge to the status quo &quot;spray &#13;
and pray&quot; style of innovation, Monetizing Innovation presents a &#13;
practical approach that can be adopted by any organization, in any &#13;
industry. Most monetizing innovation failure point home. Now more than &#13;
ever, companies must rethink the practices that have lost countless &#13;
billions of dollars. Monetizing Innovation presents a new way forward, &#13;
and a clear promise: Go from hope to certainty.&lt;br&gt;</note>
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 <subject authority="">
  <topic>Marketing Management</topic>
 </subject>
 <subject authority="">
  <topic>New products</topic>
 </subject>
 <subject authority="">
  <topic>Pricing</topic>
 </subject>
 <classification>BHA 42</classification>
 <identifier type="isbn">9781119240860</identifier>
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