A new form of business innovation, a response to the current challenges to growth initiatives, is being pioneered by a handful of farsighted companies. These companies have shifted their approach from product innovation to demand innovation. Such new‐growth businesses focus on growing new value by discovering new forms of demand. For example, in the mid‐1990s, engineers within several GM business units realized that technological advances might enable the creation of a new business focused on the needs of drivers. The crucial factors in GM’s success have been its ability to look at customers’ driving needs from a fresh perspective and its decision to serve these needs through a business design that leverages GM’s unique hidden asset – its unequaled installed base of vehicles.
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1 August 2003
Case Report|
August 01 2003
Demand innovation: GM’s OnStar case
Adrian Slywotzky;
Adrian Slywotzky
Adrian Slywotzky is vice president of Mercer Management Consulting, based in Boston (adrian.slywotzky@mercermc.com). His book How to Grow When Markets Don’t (Warner Business Books), which explains how demand innovation works, was published in April.
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Richard Wise
Richard Wise
Richard Wise is vice president of Mercer Management Consulting, based in Boston (rick.wise@mercermc.com). His book How to Grow When Markets Don’t (Warner Business Books), which explains how demand innovation works, was published in April.
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Publisher: Emerald Publishing
Online ISSN: 1758-9568
Print ISSN: 1087-8572
© MCB UP Limited
2003
Strategy & Leadership (2003) 31 (4): 17–22.
Citation
Slywotzky A, Wise R (2003), "Demand innovation: GM’s OnStar case". Strategy & Leadership, Vol. 31 No. 4 pp. 17–22, doi: https://doi.org/10.1108/10878570310483942
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